R/€ = 15.86 Change: 0.01
R/$ = 13.96 Change: 0.02
Au 1285.00 $/oz Change: 0.61
Pt 791.40 $/oz Change: -2.39


IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

New Healthcare Clinic Paved by Technicrete

By: Creamer Media Reporter      18th January 2019 Health care clinics by their very nature have an enormous amount of foot traffic that requires safe, sturdy, attractive and long-lasting paving. The new Jouberton Community Clinic, a primary health care centre in Klerksdorp, North West Province, sought paving that offered these features and were... 

Roadshow highlights motion control products to industry

By: Halima Frost     18th January 2019 Electrical solutions provider Magnet Group hosted a roadshow with about five of power management company Eaton’s technicians in October to highlight Eaton’s DILM range of contractors, circuit breakers and overload relays to Magnet clients and end-users. The roadshow, which visited the Durban,... 

Sappma pleased with results after increasing audit frequency

By: Cameron Mackay     18th January 2019 Last year, more factory audits of plastic pipe producers and manufacturers who are members of the Southern African Plastic Pipe Manufacturers Association (Sappma) showed promising results leaving much hope for the future of the plastic pipes industry, says the quality regulator’s CEO, Jan Venter.... 

New board has important issues to consider regarding Necsa

By: Rebecca Campbell     18th January 2019 Major decisions are going to have to be taken about the future of the South African Nuclear Energy Corporation (Necsa), new Necsa Board Chairperson Dr Rob Adam has old “Engineering News”. A totally new Board for the corporation was announced by the Government on December 6, the new Board’s term... 

R35m clothing firm to stimulate textile sector in KZN

By: Marleny Arnoldi     17th January 2019 Trade and Industry Deputy Minister Bulelani Magwanishe and KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala will, on January 22, launch a multimillion-rand textile firm Africa Bespoke Apparel (ABA), in KwaZulu-Natal. ABA is a 100%-black owned company... 

SEW drives success of ECDriveS® at major automotive manufacturers

By: Creamer Media Reporter      17th January 2019 South Africa has clinched its largest project to date for its ECDriveS® drive system for light-load conveyor technology. The project is for seven conveyors and 40 accumulation zones at a major automotive manufacturer in Gauteng. The latest order follows a demonstration project involving two small... 

Group Five to sell Everite, Sky Sands subsidiaries for R480m

By: Creamer Media Reporter      17th January 2019 Construction firm Group Five will sell its Everite and Sky Sands subsidiaries to a consortium comprising Trinitas Private Equity and Agile Capital for R480-million. The subsidiaries form part of the firm's manufacturing cluster. 

Outa, WSSA call for establishment of independent water regulator

By: Marleny Arnoldi     17th January 2019 The Organisation Undoing Tax Abuse (Outa) and Water Shortage South Africa (WSSA) says South Africa is in need of an independent water regulator. The organisations agree that the Department of Water and Sanitation (DWS) is failing to effectively regulate the country’s water sector and requires a... 

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Ghosn ouster from Renault nears as France abandons car titan

By: Bloomberg     17th January 2019 France is turning on Carlos Ghosn almost two months after his arrest in Tokyo, eliminating one of the executive’s last potential allies within the global auto alliance he has held together for almost two decades. The French government has called for Ghosn’s dismissal as chairman and chief... 

Popo Molefe says new board found 'horror show' at Transnet

By: News24Wire      17th January 2019 State-owned freight rail company Transnet has issued summons to former top executives it says are implicated in financial mismanagement with a view of recouping some of the squandered money. Popo Molefe, chair of the Transnet board, said on Thursday morning at a media briefing that civil claims... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Understanding damage tolerance in hybrid bearings

15th January 2019 New research by SKF could make hybrid bearings more cost-effective and reliable, paving the way for their use in a wider range of applications. Gothenburg, Sweden, 19 December 2018: Hybrid bearings, which combine hardened steel rings with rolling elements made of high-performance ceramic... 

Safety First With Durable Mentis Floor Grating

15th January 2019 Liability claims from slips, trips and falls in the workplace can be financially debilitating and have an extremely negative impact on the reputation of a business. Considered the most frequent cause of injuries in the workplace, these incidents can result in serious downtime and even closure of... 

Multotec Brings Value Of Spirals To More Minerals

15th January 2019 Experience in the field and in its test laboratory has allowed Multotec Process Equipment to prove the economic impact of applying spiral concentration technology to high value minerals used in cellular phones and electric cars. “A number of customers mining minerals such as copper, lithium, tin... 

Weba Chute Systems Signs Up Distributor In Canada

15th January 2019 Weba Chute Systems has announced the appointment of FWS Bulk Material Handling as the official distributor of Weba Chute Systems and Solution in Canada. The signing of this latest licence agreement underpins the South African OEM’s strategy of extending its global reach. Mark Baller, managing... 

Worst-performing South African stock gets bid for crown jewel

By: Bloomberg     15th January 2019 Ascendis Health is in talks to sell one of its best-performing units as last year’s biggest South African loser on Johannesburg’s stock exchange battles to ensure survival. The debt-laden maker of multivitamins, probiotics and pet nutritional supplements received an unsolicited offer for Cyprian... 

Angola to hold first diamond auction as it seeks to open sector

By: Bloomberg     14th January 2019 Angola will give the outcome of its first diamond auction on January 31 as the southwest African country’s seeks to increase transparency, attract more investment and boost government revenue, state-owned diamond-trading company Sodiam said. The evaluation of seven gemstones from Angola’s... 

Seifsa Training 

14th January 2019 The Key To Re-Positioning The Metals And Engineering Sector For The Future 

RTS Africa fills a gap in the local hydrogen generation market with Nel Hydrogen Proton Exchange Membrane (PEM) electrolysers

11th January 2019 With its wide range of industrial uses and applications, hydrogen is a very important molecule. This gas is essential in many sectors such as chemicals, refining, metallurgical applications; as well as glass and electronics manufacturing to name a few. When it comes to the bulk manufacturing of... 

Manufacturing production up 1.6% y/y in November  

By: Tasneem Bulbulia     10th January 2019 Manufacturing production increased by 1.6% year-on-year in November, Statistics South Africa reported on Thursday. The largest positive contributions were made by the food and beverages; and motor vehicles, parts and accessories and other transport equipment sectors. 

Siemens launches the Digital Mining Incubator at Wits University’s Tshimologong Digital Innovation Precinct

By: Creamer Media Reporter      10th January 2019 South Africa faces a shortage in mining engineering skills, as well as new digital technology that could help transform mining processes. The Digital Mining Incubator (DMI) is aimed at developing the next generation of digital mining experts. Siemens will collaborate with graduates to co-create... 

Africa’s busiest railway stations have been commissioned with a new signalling system

By: Creamer Media Reporter      10th January 2019 Siemens commissions two of the busiest railway stations in Africa This new signalling system help will increase operational capacity, provide a higher level of flexibility and reduce train delays As part of the Passenger Rail Agency of South Africa (PRASA’s) drive to deliver a world class... 

Developing Future African Innovators at Eskom Expo for Young Scientists

By: Creamer Media Reporter      10th January 2019 Grand prize winner receives three and a half year Mechatronics/Electronics apprenticeship in Berlin worth over R1million Three further local bursaries in Mechatronics/Electronics, tablets and science kits to learners and schools Siemens is committed to supporting and developing African innovators 

ABSA PMI ends 2018 on a positive note 

By: Simone Liedtke     9th January 2019 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ended 2018 on a positive note, reaching the best level of the year – 50.7 – in December. This was an improvement from the 49.5 recorded in November. 

Rittal’s industry-first enclosure making waves

By: Creamer Media Reporter      9th January 2019 How can the best be made even better? This is the question that Rittal asked itself as we began developing a new enclosure system. This ground-breaking system sees the rise of the enclosure evolution with more than 25 registered patent and trademark applications. Following the official launch of... 

Africa’s Increasing Demand for Energy

By: Creamer Media Reporter      9th January 2019 Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders within the continent. Key factors contributing to this soaring energy demand are both Africa’s ever-growing population and the continent’s accelerating... 

Global economic growth to slow to 2.9% this year – World Bank 

By: Simone Liedtke     8th January 2019 Global economic growth is projected to soften from a downwardly revised 3% in 2018 to 2.9% this year amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging... 

Pharmaceutical giant Mylan acquires ARV drugs manufacturing plant in South Africa

By: African News Agency      8th January 2019 Global pharmaceutical company Mylan on Tuesday announced the acquisition of a manufacturing site, previously owned by Ascendis Health, for its plans to produce high-quality antiretrovirals for seven million South Africans living with HIV. Spread over an expanse of 2.34 ha, the facility at Isando... 

Fabricating for 25 years

By: Creamer Media Reporter      8th January 2019 November 2018 marked 25 years of service for Babcock’s fabricating facility as it celebrated two and a half decades of providing fabricated products and a full range of specialised support services to Africa’s power generation and metallurgical industries. Where it all began 

Copper demand to outstrip production – Fitch

By: Tasneem Bulbulia     7th January 2019 Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace... 

Workers union Limusa slams Denel for appointing a white CEO, Daniel Du Toit 

By: African News Agency      7th January 2019 The Liberated Metalworkers Union of South Africa (Limusa) on Monday rejected the appointment of Daniel du Toit as the group CE of State-owned arms manufacturer, Denel, saying that the Public Enterprises Minister must implement employment equity recommendations.   The department of public... 

Decline in South Africa's private sector eases, fanning recovery hopes – PMI

By: Reuters     4th January 2019 South Africa's private sector activity contracted for the sixth month in a row in December as both output and new orders fell further while purchases also dropped, though the overall rate of decline eased, a survey showed on Friday. The Purchasing Managers' Index (PMI), compiled by IHS Markit,... 

Denel appoints Daniel Du Toit as new group CEO

By: African News Agency      20th December 2018 The Department of Public Enterprises and State-owned defence equipment company Denel on Thursday announced Daniel du Toit as the new group chief executive after Cabinet approved the appointment. This comes after Zwelakhe Ntshepe resigned with immediate effect as Denel chief executive in May... 

Battery Minerals tables feasibility study for Balama

By: Esmarie Iannucci     12th December 2018 A feasibility study into Balama graphite project, in Mozambique, has estimated a capital cost of $69.4-million to support production of 58 000 t/y over a mine life of 27 years. ASX-listed Battery Minerals said on Wednesday that Balama would generate earnings before interest, tax, depreciation... 

Rousing Send-Off For Gibela’s First South-African-Built Commuter Train

7th December 2018 Hundreds of Gibela employees gathered today to give a rousing send-off to the first South African-built X’trapolis Mega commuter train. To the strains of vuvuzelas and loud cheers, the six-car train left Gibela’s new train-manufacturing complex at Dunnottar in Ekurhuleni, en route for the... 

How to use SEIFSA indices for Contract Price Adjustment (CPA)

6th December 2018 Congratulations you have just landed a very big tender contract! Despite this significant achievement you are unsure on how to proceed with the process, and different questions come to mind 

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