R/€ = 16.28 Change: -0.18
R/$ = 14.41 Change: -0.23
Au 1238.73 $/oz Change: -7.16
Pt 787.30 $/oz Change: -16.59


Mining, construction and automotive sectors critical for M&E sector’s survival

By: Creamer Media Reporter      18th September 2018 The link between the metals and engineering (M&E) sector and the mining, construction and auto manufacturing industries will come under scrutiny at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton on Thursday and Friday this week. “The... 

Transnet, Eskom and PWC bosses to discuss administered prices affecting South Africa’s international competitiveness

By: Creamer Media Reporter      17th September 2018 Transnet and ESKOM Chief Executive Officers Siyabonga Gama and Phakamani Hadebe will discuss administered prices such as logistics costs, electricity prices and port tariffs, which are negatively affecting South Africa’s international competitiveness on the second day of the fourth Southern... 

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.  

Technology increases collaboration in supply chain

By: Donald Makhafola     2nd February 2018 Innovative industry players are removing intermediaries in the supply chain and threatening the market dominance of traditional logistics providers, says advisory firm PwC Africa transport and logistics leader Dr Andrew Shaw. “Digitisation creates a common platform with opportunities for... 

Power and utilities drone market worth more than $9bn

By: Dylan Slater     24th November 2017 The international drone market comprising solutions that use drones for the power and utilities industries is worth as much as $9.46-billion a year, according to a report published by professional services firm PricewaterhouseCoopers (PwC).  

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

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).  

Operating environment remains challenging, despite 2016 improvement for top 40 miners – PwC

By: Ilan Solomons     7th June 2017 The world’s top 40 miners recovered from a “race to the bottom”, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and take a breath. This is according to advisory firm PwC’s ‘Mine 2017’ report, which was released on the sidelines of the... 

Transportation, logistics industry at technological crossroads

By: Natasha Odendaal     26th January 2017 The global transportation and logistics (T&L) industry – the last to embrace the innovative 4.0 transition – is facing a profound shift in its market, forcing an innovative adaptation to enhanced customer expectations, the embrace of new disruptive entrants, rapidly changing technology and... 

Create unresistable force with labour to bring about mining change – Godsell 

By: Martin Creamer     5th October 2016 Organised labour is more willing to fix mining than at any time in the past, former AngloGold Ashanti CEO Bobby Godsell contended on Wednesday. Speaking at the Joburg Indaba, Godsell urged a coalition of the willing to create an unresistable force with labour to shame the government into coming... 

South Africa’s major banks post solid H1 results despite

By: Anine Kilian     14th September 2016 South Africa’s major banking groups, which include Barclays Africa, FirstRand Bank, Nedbank and Standard Bank, have produced a credible set of results for the first half of 2016 despite a challenging operating landscape, both globally and locally. Although there were some differences in the... 

PwC South Africa, Google enter joint business relationship

By: Anine Kilian     1st September 2016 PwC South Africa has entered into a joint business relationship with Google to bring new and innovative solutions to companies across Africa through PwC’s Africa Network. In a statement released on Thursday, PwC said the rapid pace of innovation in technology had fundamentally changed how and... 

Top 40 miners incur collective $27bn loss for 2015

By: Anine Kilian     7th June 2016 The world’s top 40 miners incurred a record collective loss of $27-billion in 2015, with market capitalisation down 37%, effectively wiping out all the gains made during the commodity supercycle. Advisory firm PwC pointed out in its yearly mine report, titled ‘Mine 2016: Slower, lower, weaker . .... 

Offgrid tech has bigger role to play in African electrification – PwC 

By: Natasha Odendaal     23rd May 2016 With two-thirds of the world’s population likely to still be without electricity by 2030 – despite the newly agreed post-2015 UN Sustainable Development Goal of universal access to energy – a new approach is needed that better recognises the role offgrid technology can play, a new PwC report... 

Exchange rate volatility a big concern for African CEOs – survey 

By: Anine Kilian     19th May 2016 Exchange rate volatility is one of the biggest concerns for African CEOs and their global peers, a survey has found. PwC’s Africa Business Agenda survey, published on Thursday, showed that CEOs were also worried about governments’ response to fiscal deficits and debt burdens, as well as about... 

Gold Fields, Sasol top in tax reporting

By: News24Wire      29th October 2015 Gold Fields and Sasol have clinched the top awards in PwC’s Building Public Trust Awards: Excellence in the field of tax reporting in 2015. Gold Fields was the overall winner in the category for tax reporting for multinational companies, while Sasol was announced the overall winner in the... 

Shareholders get 3% of mining cake, employees 45% – PwC  

By: Martin Creamer     26th October 2015 Of the value created by 35 Johannesburg Stock Exchange-listed mining companies, a low 3% went to shareholders and a high 45% to employees, an analysis of the 12 months to June 2015 shows. Net profit fell 75% to a mere R2-billion even though impairment provisions were 26% lower. 

More work is required in ecommerce space to ensure that the law keeps pace with technological developments: PwC Tax

20th August 2015 The Davis Tax Committee’s First Interim Report on VAT focuses on a number of key challenges inherent to VAT in South Africa. While the report makes a number of recommendations, it includes a substantial section on the application of VAT in the electronic commerce environment. “We welcome the... 

Africa electricity outlook positive – PwC 

By: Megan van Wyngaardt     13th August 2015 Two-thirds of power utility companies and stakeholders across Africa cited ageing or badly maintained infrastructure as a “very high” concern for the continent’s power sector. Many believed, however, that this situation would improve, with only 39% predicting that it would be a “high or very... 

African asset market offering key opportunities for intl investors – PwC

By: Natalie Greve     30th July 2015 As African economies advance their “aggressive” expansion, boosting demand for financial services products such as pensions, life insurance products and retail investment funds and drawing more consumers into the formal financial sector, traditional assets under management (AuM) in 12 key markets... 

Electronic services: Foreign is not always cheaper - PwC Tax

2nd July 2015 The provision of foreign online services to businesses and other consumers is not always the cheapest option. “In the digital space there is a perception among consumers that the provision of certain electronic services is cheaper when purchased from foreign service providers,” says Charles de... 

Online services in the digital space, where is the taxation line drawn?

17th June 2015 South Africa’s online industry is under significant pressure as it battles against global digital giants for revenue in the local market place. This is evident in a number of industries where revenues generated by foreign suppliers are currently not captured by South Africa’s existing tax... 

Global energy sector faces transformation, challenges

By: Natasha Odendaal     22nd April 2015 Globally, the power industry is facing a perfect storm of unprecedented challenges and companies failing to stay ahead of the curve face an uncertain future, PwC said on Wednesday. As South Africa – and the world’s – power sector rapidly transformed, new business and market models would need to... 

Real estate industry growth in Africa to be driven by eight megatrends – PwC

By: Megan van Wyngaardt     18th March 2015 Despite the “unique” risks paired with the development of Africa, such as political instability, changing government policies, complex legal regimes, volatile currencies and investment timeframe restrictions, real estate investors and developers continued to see Africa as a significant... 

Green building on Africa city development agenda

By: Megan van Wyngaardt     18th March 2015 With cities contributing about 70% of the world’s energy-related greenhouse-gas emissions, but only occupying 2% of land, sustainability has become one of the most significant drivers for growth, and would become entrenched in building design and occupier requirements. This was one of the... 

Africa included in global real estate report for first time

By: Megan van Wyngaardt     18th March 2015 Africa has been included for the first time in the 36-year history of advisory firm PwC and nonprofit organisation Urban Land Institute’s 'Emerging Trends in Real Estate 2015' report. Speaking at a media briefing in Johannesburg, PwC global real estate leader Kees Hage noted that this was owing... 

African explorers need to rethink oil and gas capex – PwC

17th February 2015 Oil and gas explorers have to rethink their capital expenditure (capex) budgets on exploration activity across the African continent in the wake of the significant drop in the global oil price, advisory firm PwC said on Tuesday. “Oil and gas explorers will be relooking at their budgets and... 

African markets strongest in 2014, 2015 looks positive

2nd February 2015 The year ahead is expected to be positive for equity capital market (ECM) activity in Africa, driven by the expectation of continued exits by private equity investors, reforms to certain capital markets legislation and growing investor confidence in and familiarity with African markets. Following... 

Hyundai moves from imports to local commercial vehicle assembly 

By: Creamer Media Reporter      18th September 2014 Automotive company Hyundai Automotive South Africa recently opened a local commercial vehicle assembly plant, increasing the company’s contribution to the South African economy.  

African CEOs maintain bullish view on Africa, look to consumer markets for growth  

By: Natalie Greve     11th September 2014 The general outlook of CEOs active on the continent has swung from “Afro-pessimism” to a “real Africa realism” and a desire to translate Africa’s abundant market opportunities into viable businesses, professional services firm PwC Africa territory senior partner Suresh Kana has told a media... 

East Africa holds next major oil and gas opportunities – PwC

By: Leandi Kolver     23rd July 2014 East Africa would be the next major oil and gas play on the continent, professional services firm PwC Africa Oil & Gas Advisory senior manager Derek Boulware said on Wednesday. Speaking at the launch of the firm’s 2014 Africa oil and gas review titled ‘On the brink of a boom’, he noted that,... 


Latest News


Latest Videos



Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close