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Gordhan: KPMG SA was a 'willing partner in State capture'

By: News24Wire      Updated 47 minutes ago Auditing firm KPMG SA was a “willing participant in State capture” and its leadership hasn't fully grasped the magnitude of what they were involved in, according to former finance minister Pravin Gordhan. He was in conversation with radio host Eusebius McKaiser on CapeTalk on Tuesday morning. 

Fedusa calls for return of railway police

By: African News Agency      25th September 2017 The Federation of Unions of South Africa (Fedusa) on Monday called for urgent action to stop criminality on trains, including the reintroduction of the Railway Police. In a statement, Fedusa said decisive action was particularly needed in the Cape Town area which has borne the brunt of violent... 

Remgro acquires Unilever’s spreads business in Southern Africa

By: Anine Kilian     22nd September 2017 Investment company Remgro will sell its 25.75% interest in Unilever South Africa to the Unilever group, in exchange for full ownership of the Unilever spreads business in Southern Africa and R4.9-billion in cash. The full value of the transaction is R11.9-billion, with the spreads business valued... 

KPMG booted off Business Leadership SA

By: News24Wire      22nd September 2017 The Board of Business Leadership South Africa (BLSA) has decided to suspend the membership of KPMG SA pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa. This follows a process of engagement with KPMG,... 

Gordhan, Jonas meet KPMG International on State capture

By: African News Agency      22nd September 2017 Former finance minister Pravin Gordhan and his former deputy Mcebisi Jonas met with a delegation from auditing firm KPMG International on Thursday. The meeting was attended by KPMG International chairperson, John Veihmeyer, as well as newly appointed CEO for KPMG South Africa, Nhlamu Dlomu. 

Industries should prepare for increased use of HFO gases

By: Nadine James     22nd September 2017 As a result of the Kigali Agreement, countries will gradually start phasing out the use of hydrofluorocarbon (HFC) gases, replacing them with hydrofluoro-olefin (HFO) gases and natural refrigerants like ammonia, carbon dioxide and hydrocarbons, says industrial gases supplier A-Gas South Africa.... 

Korean group may introduce new heavy-duty truck to SA market

By: Irma Venter     22nd September 2017 Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics. 

Product presentation showcases VRF technology

By: Nadine James     22nd September 2017 Last month, heating, ventilation and air conditioning (HVAC) product distributor AHI Carrier South Africa – the official distributor for Japanese air-conditioning manufacturer Toshiba – hosted a product presentation and training event for the Toshiba SHRM-e variable refrigerant flow (VRF) system.... 

Tariff push-back

By: Terence Creamer     22nd September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Broken lifts and stairs for commuters with wheelchairs

By: News24Wire      21st September 2017 There is no time frame on when railway stations in Cape Town will be universally accessible, but they will be upgraded says Metrorail. The trains themselves will only be fully accessible for wheelchair users in two to three years, GroundUp reported. 

Opinion: It's about the extension of agreements, stupid

     21st September 2017 In this opinion piece, National Employers Association of South Africa CEO Gerhard Papenfus argues that protecting the current collective bargaining dispensation will ensure its complete downfall. During a recent Metals and Engineering Indaba, numerous reasons were advanced why collective... 

Enel celebrates its Tom Burke solar plant

By: Natasha Odendaal     21st September 2017 Some three years after expanding operations into South Africa, Italian renewable energy firm Enel Green Power (EGP) has established a significant presence locally, boasting more than 520 MW of wind and solar projects in operation, one of which was declared a National Key Point in June. The 66 MW... 

Engen launches Auto Gardens in 100 schools across South Africa

     20th September 2017 Engen, in collaboration with Acts of Random Kindness South Africa (ArkoSA), a not-for-profit company which encourages acts of random kindness one person at a time, are striving to assist schools in the production and growth of year-round crops.   With the introduction of Auto Gardens to 100... 

IFC provides $150m loan to assist BMW SA’s production plans

By: Irma Venter     20th September 2017 The International Finance Corporation (IFC), a member of the World Bank, will assist in financing BMW Group South Africa’s (BMW SA’s) R6-billion investment in its Rosslyn plant, set to produce the new BMW X3. The $150 million loan comes as South Africa “seeks new sources of economic growth after... 

Sasol proposes new R21bn BBBEE ownership transaction 

By: Anine Kilian     20th September 2017 JSE-listed Sasol on Wednesday announced a proposed new R21-billion broad-based black economic empowerment (BBBEE) ownership transaction, Sasol Khanyisa, which will replace Sasol’s debt-ridden Sasol Inzalo fund, which expires in June 2018. When Sasol Inzalo lapses, it will not be able to... 

Two more firms fire KPMG as corporate South Africa weighs links with auditor

By: Reuters     19th September 2017 A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial companies... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

MOVIGEAR® drive system is ideal for hygiene and energy-saving in the food and beverage industry

     19th September 2017 MOVIGEAR® drive systems are particularly suited for the food and beverage industry, with its dual demands of high hygiene levels and energy saving, combined with the need to limit any downtime. SEW-EURODRIVE South Africa recently supplied a total of 65 MOVIGEAR® units to a major abattoir,... 

First Raspberry Pi Jam comes to South Africa

     19th September 2017 16 September 2017 – Willie Strydom was awarded the prize for the most innovative build at the first ever Raspberry Pi Jam to be hosted in South Africa.    Willie’s project in ‘home automation’ is designed to consolidate various home automation applications into a single user interface that can be... 

Renttech SA: ‘Business as usual’ – with a renewed focus: New MD to ensure higher than ever service, product and technical excellence

     18th September 2017 Renttech South Africa has a proud 20-year track record of providing a combination of high-quality local and international branded equipment for rental or purchase, allied to superb customer service and business integrity. After two decades, a new Managing Director, Duncan Whitehead, has taken up... 

Airports company reports its most profitable year ever 

By: Keith Campbell     18th September 2017 Airports Company South Africa (Acsa) achieved a profit of R2-billion for the 2016/17 financial year, it was announced on Monday, up from R1.9-billion for the financial year 2015/16. “This is probably the best set of results we’ve presented in the history of the company,” affirmed CEO Bongani... 

Sars will fight KPMG on numerous fronts – Moyane 

By: African News Agency      18th September 2017 South African Revenue Service (Sars) Commissioner Tom Moyane on Monday announced a set of actions it is considering against KPMG, after the auditing firm withdrew its “rogue spy unit” report. “Sars has been completely taken aback by KPMG’s aberrant and unethical conduct. KPMG unilaterally... 

International auditing body also probing KPMG over Sars report

By: African News Agency      18th September 2017 The Independent Regulatory Board for Auditors (IRBA) said on Monday that it had noted that KPMG had taken steps to enforce accountability relating to its controversial South African Revenue Service (Sars) report, but added that it would continue with its own independent investigation. Last week... 

Despite NDP ambitions, South Africa weighed down by corruption, State capture

By: Natasha Odendaal     15th September 2017 It has been five years since the adoption of the National Development Plan (NDP), with a second commission having been appointed to drive its implementation, aimed at guiding South Africa’s economic and developmental future. However, the two goals most core to the NDP’s ambitions – reducing... 

A new, more internally focused approach should be taken to revive investment status

By: Natasha Odendaal     15th September 2017 With South Africa’s recent ratings downgrades sparking a short-term action plan to claw back its investment grade, it would be more prudent for the country to focus on establishing a stable, healthy, societal base able to leverage regained ratings levels, according to Makhaya Advisory South... 

South Africa’s collective bargaining system on a knife-edge

By: Terence Creamer     15th September 2017 South Africa’s centralised collective bargaining system is at a critical “turning point”, with the sustainability of the current model being widely questioned in light of growing opposition to the extension of wage settlements to non-parties to the negotiations. Steel and Engineering Industries... 

New business appointments at DEHN Africa

     15th September 2017 DEHN Africa (PTY) LTD has appointed a new managing director, Hannes Ackermann, and promoted incumbent technical manager Hano Oelofse to the position of technical director. DEHN Africa is the local subsidiary of Germany-based lightning and surge protection, earthing components and safety equipment... 

Attractive sales incentives which support new vehicle demand

By: Irma Venter     15th September 2017 New-vehicle sales in August increased by 6.7% compared with the same month last year, to 49 222 units. Sales numbers released by the Department of Trade and Industry show that new passenger car sales jumped by 5.4%, to 32 161 units. 

New acid gas scrubber up to standard

By: Robyn Wilkinson     15th September 2017 Testing, inspection and certification services provider TÜV Rheinland Quality Services South Africa has ensured that the design and fabrication of a new 15-m-long acid gas scrubber for one of South Africa’s largest fuel refineries has met all quality and safety requirements for pressure vessels. 

Toolkits help companies navigate standards upgrades

By: Robyn Wilkinson     15th September 2017 Inspection, verification and certification company SGS South Africa has developed toolkits that have been circulated to all its clients to assist them with the transition process required to meet the updates in the International Organisation for Standardisation’s (ISO’s) three core management... 

Welding Alloys South Africa

By: Zandile Mavuso     15th September 2017 As one of the market leaders in providing engineered solutions to combat wear, welding consumables manufacturer Welding Alloys South Africa (WASA) has been manufacturing welded composite overlay material since 1976. With eight automated welding stations, WASA is currently one of the largest... 

Welding foundation industry collaboration empowers SA learners

     15th September 2017 The Southern African Institute of Welding (SAIW) Foundation aims to provide training to disadvantaged individuals in a range of areas that include welding and inspection, and the training of trainers for welding and related technologies. In addition, integrated steel and mining company... 

Stakeholders to push back at upcoming hearings into Eskom’s 2018 hike 

By: Terence Creamer     14th September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

RS Components marks 80 years of business operations

     14th September 2017 80-year heritage lays foundation for RS to build future business focussed on service excellence and innovation RS Components (RS), the trading brand of Electrocomponents plc, the global distributor for engineers, today celebrates 80 years since opening its first business operations in London, UK. 

Suzuki Auto SA sales jump 37% in stagnant market

By: Irma Venter     13th September 2017 Suzuki Auto South Africa (SA) in August broke through the magical 1 000-unit-a-month sales mark, making it the single biggest sales month for the brand since it was formally established in South Africa in 2008. Suzuki sold 1 004 units in August, compared with 504 units in the same month last... 

The well-known UNION brand of locks and door furniture gets a make-over!

     13th September 2017 UNION, one of ASSA ABLOY’s leading brands, is currently rebranding and Vice President for ASSA ABLOY South Africa, Riaan Olivier, gives a brief overview and explains what this means for contractors, locksmiths and installers. UNION has sought out and listened to feedback from distributors,... 

National Industrial Efficiency Conference will empower greener industry

     13th September 2017 The National Cleaner Production Centre South Africa (NCPC-SA) will be hosting its biennial Industrial Efficiency Conference in Cape Town in its on-going efforts to capacitate industrial and commercial sectors to become cleaner, greener and more resource efficient. The conference, a two day event... 

Lonmin says licence not at risk after Ministry warning

By: Reuters     13th September 2017 The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy. The London-listed miner received a letter last week from South Africa's... 

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