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Finalists named in IITPSA President’s Awards 2018

25th October 2018 The Institute of Information Technology Professionals SA (IITPSA) has named the finalists for the 2018 President’s Awards, including the prestigious IT Personality and Visionary CIO of the Year Awards and two new awards – a Technology Excellence Award and a Social Responsibility/Community Award.... 

Finalists named in IITPSA President’s Awards 2018

25th October 2018 The Institute of Information Technology Professionals SA has named the finalists for the 2018 President’s Awards, including the prestigious IT Personality and Visionary CIO of the Year Awards and two new awards – a Technology Excellence Award and a Social Responsibility/Community Award.  Now in... 

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Kenya expressway project hangs in the balance

By: John Muchira     24th August 2018 Construction of a $2.1-billion expressway between the Kenyan capital of Nairobi and the port city of  Mombasa hangs in the balance following a decision by President Ururu Kenyatta's government not to finance the project through debt. Instead, it has directed the contractor, US construction giant... 

Champion appoints Roxgold finance chief as its CFO

By: Creamer Media Reporter      14th August 2018 TSX-listed Champion Iron on Tuesday announced the appointment of Natacha Garoute as CFO. Garoute has more than 20 years of finance experience, with a strong focus on mining, most recently as CFO of TSX-listed gold producer Roxgold. 

Spectrum release expected to bring big economic and social benefits 

By: Natasha Odendaal     6th July 2018 The much-anticipated release of South Africa’s high-demand spectrum has the potential to reshape the country’s economy by stimulating innovation and open the way for the country's full participation in the so-called Fourth Industrial Revolution. However, industry analysts stress that the manner... 

Spectrum release expected to bring big economic and social benefits

By: Natasha Odendaal     6th July 2018 The much-anticipated release of South Africa’s high-demand spectrum has the potential to reshape the country’s economy by stimulating innovation and open the way for the country's full participation in the so-called Fourth Industrial Revolution. However, industry analysts stress that the manner... 

Local firm emphasises project collaboration

By: Paige Müller     29th June 2018 Johannesburg-based multidisciplinary consulting engineering firm Arup takes a collaborative design approach to their projects. Arup associate director Richard Lawson tells Engineering News that the implementation of collaborative design approaches can result in integrated, holistic design... 

Waterfall Wins Big at SAPOA Awards

25th June 2018 Attacq Limited, (Attacq), the JSE listed property company developing Waterfall City and Waterfall Logistics Hub took home two prestigious awards at this year’s South African Property Owners Association Awards for Innovative Excellence. Attacq won the award for Best  Commercial Office Development... 

Gordhan lays out State's case against suspended Sars boss Moyane  

By: News24Wire      15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

South Africa’s commodity sector continues to suffer, despite favourable market conditions

By: Simone Liedtke     5th June 2018 While favourable market conditions, higher commodity prices and strong internal discipline will produce increased liquidity and balance sheet strength for miners this year, advisory firm PwC Africa energy, utilities and resources leader Michal Kotzé believes South Africa’s commodity sector will... 

South Africa falling behind with digital transformation

8th May 2018 Industry 4.0 is transforming manufacturing rapidly and digital transformation has been on many CXO’s agenda for a number of years.  Despite this, only a small group of companies is in a position to gain real competitive advantage from this operations revolution. In PwC’s Strategy& Global Digital... 

African businesses grow despite difficult macro environment – PwC

By: Marleny Arnoldi     17th April 2018 Despite a challenging environment, with public debt approaching critical levels in some countries and concerns over excessive reliance on oil, African businesses are expanding.  

Initial public offerings slow during Q1 as volatility keeps investors at bay

By: Henry Lazenby     2nd April 2018 Initial public offerings (IPOs) on Canadian stock exchanges took a breather during the first quarter of this year, as issuers and investors digest a slew of relevant factors such as the implications of interest rate hikes, recent US tax changes, market volatility and threats to world trade,... 

PwC forecasts 'pain' for the public amid prospects of tax hikes

By: Megan van Wyngaardt     14th February 2018 The nature of fiscal revenues and expenditure in the 2018/19 fiscal year so far indicate that the fiscal deficit will likely expand to R250-billion, unless prudent spending cuts are implemented, financial services firm PwC warned on Wednesday. As such, South Africans can potentially expect the... 

Proposed sugar levy unlikely to make sizeable dent in fiscal deficit – PwC economists

By: African News Agency      13th February 2018 Economists on Monday predicted that the proposed levy on sugar-sweetened beverages (SSBs) set to take effect in April this year in South Africa was unlikely to make a sizeable dent in the fiscal deficit. In 2016, National Treasury announced a Sugar Beverage Levy (SBL) on sugar-sweetened beverages... 

South African CEOs less optimistic than global counterparts

By: Natasha Odendaal     24th January 2018 The state of South Africa’s economy, its high unemployment rate, further looming ratings downgrades and political and policy uncertainty are among the top concerns casting shadows over business expectations in the next 12 months, PwC’s yearly CEO survey reveals. Only 37% of the South African CEOs... 

New indaba seeks to clear logistics, infrastructure challenges

By: Megan van Wyngaardt     16th January 2018 The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction management companies; logistics companies; third- and fourth-party logistics providers; and finance and... 

Mining resurgence propel CC$5.1bn Canadian IPO market

By: Creamer Media Reporter      4th January 2018 The 2017 market for initial public offerings (IPOs) in Canada raced across the finish line to post a CC$5.1-billion five-year record for total proceeds raised from new equity issues, the annual PwC survey has revealed. Driven by heavy activity in the mining sector, a strong final quarter of 2017... 

Steinhoff says will have to restate 2015 financial statements

By: African News Agency      2nd January 2018 Beleaguered retailing group Steinhoff International Holdings said on Tuesday its 2015 financial statements, in addition to the 2016 accounts, could no longer be relied upon. In a statement, Steinhoff, which was engulfed by an accounting scandal last month, leading to the resignation of CEO... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Steinhoff’s STAR largely unaffected by group troubles

By: Schalk Burger     6th December 2017 JSE-listed African retail subsidiary Steinhoff Africa Retail (STAR) announced on Wednesday that it was “unaffected by the events at [JSE-listed retail multinational] Steinhoff”. Steinhoff has delayed the publication of its 2017 financial results indefinitely as it investigates what it terms... 

SA lacking global competitiveness

By: Marleny Arnoldi     17th November 2017 Local legislation, including stringent policy frameworks, continues to prove cumbersome for the South African construction sector, particularly owing to the necessity to conduct socioeconomic- and environmental-impact assessments, as well as obtain approval from the respective government... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

The Fourth Industrial Revolution is upon us and South African industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now under way. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, Big Data, the Internet of Things (IoT), next-generation robotics, additive manufacturing... 

The Fourth Industrial Revolution is upon us and SA industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now underway. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, “big data”, the Internet of Things (IoT), next-generation robotics, additive... 

Weak market weighs on Accéntuate’s FY17 financial performance

By: Anine Kilian     29th September 2017 Sluggish infrastructure spend and the recessionary environment in the construction, manufacturing and mining sectors negatively impacted on JSE-listed Accentuate’s results for the financial year ended June 30. The company’s revenue decreased by 7% to R300-million. 

AECOM clinches top honour at 2017 Universum Awards

24th August 2017 AECOM Africa took home the ‘Most Attractive Key Occupation for Engineering Professionals: Building Architects’ at the Universum Awards held in Sandton, Johannesburg on 11 May 2017. The award was received by Senika Devesheel, AECOM’s HR Director for Africa, who says the latest accolade signifies... 

Arup Structural Engineering Expertise Highly Commended By Saice

16th August 2017 The South African Institution of Civil Engineering (SAICE) recognised Arup with a Highly Commended Award in the Structural Engineering Project Division for their work on the PwC Tower, at the Most Outstanding Project Awards ceremony hosted by SAICE, Johannesburg Branch.   “Our unique contribution... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce  

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing trans- formation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

No local-content verification of Transnet locomotives conducted yet, SABS confirms 

By: Terence Creamer     26th July 2017 The South African Bureau of Standards (SABS) has confirmed with Engineering News Online that it has not conducted any verification of local content in the 1 064 locomotives being acquired by Transnet and that it also does not have an agreement with Transnet to do so. Transnet awarded the... 

Transnet appoints Werksmans to probe locomotive corruption claims  

By: Terence Creamer     3rd July 2017 State-owned freight logistics utility Transnet reports that Werksmans Attorneys has been appointed to oversee a board-level probe into allegations of corruption relating to its purchase of locomotives from China South Rail (CSR). Opposition party the Economic Freedom Fighters (EFF) recently laid... 

Infrastructure development key to accelerating growth, Gama avers 

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Expanding drone market holds big investment and job potential

By: Dylan Slater     16th June 2017 Large market value and a broad spectrum of industries, ranging from agriculture, mining, transport and logistics, to filmmaking are being disrupted by remotely piloted aircraft, otherwise known as drones, according to professional services firm PricewaterhouseCoopers (PwC).  

Redisa plans to contest government’s liquidation order

By: Megan van Wyngaardt     14th June 2017 The Recycling and Economic Development Initiative of South Africa (Redisa) is planning to legally contest the decision of Environmental Affairs Minister Dr Edna Molewa to liquidate the tyre waste management company, with executive director Stacey Davidson going so far as to describe the move as... 

Doing business in Africa not as difficult as perceived – report

By: Anine Kilian     30th May 2017 Entrepreneurship, innovation and technology are at the forefront of doing business in Africa, UK–South Africa trade commissioner Emma Wade-Smith said on Monday. Addressing delegates at the South African launch of the LSE’s inaugural ‘PwC Companies to Inspire Africa Report’, she stated that there... 

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