R/€ = 15.65 Change: -0.05
R/$ = 13.74 Change: -0.05
Au 1292.23 $/oz Change: 1.94
Pt 808.88 $/oz Change: 6.73


SARB holds rate as CPI outlook improves 

By: Reuters     Updated 6 hours ago South Africa's central bank kept its benchmark repo rate unchanged as expected at 6.75% on Thursday, saying it had taken note of an improvement in the near-term inflation outlook. Governor Lesetja Kganyago said a significant drop in international oil prices and a less depreciated rand exchange... 

Team SA to demonstrate country’s ‘stronger footing’ at this year’s WEF  

By: Tasneem Bulbulia     16th January 2019 Team South Africa will be taking a unified approach to this year’s edition of the World Economic Forum (WEF) and will convey the message that the country is on a stronger footing than it was last year, President Cyril Ramaphosa said during a pre-WEF breakfast, in Rosebank, on Wednesday. The... 

November mining production down 5.6% y/y  

By: Tasneem Bulbulia     15th January 2019 South Africa’s mining production decreased by 5.6% year-on-year in November. Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors. 

Electricity increases will badly hurt the poor, say community leaders, residents  

By: Kim Cloete     15th January 2019 Community and faith leaders, as well as pensioners and residents, have called on the National Energy Regulator of South Africa (Nersa) to oppose Eskom’s request for a tariff hike, with a projected overall increase of 45% to 2021. “If granted, this price increase will severely impact on all... 

Cosatu angered by R1.6bn subsidy for Gautrain

By: African News Agency      15th January 2019 The Congress of South Africa Trade Union (Cosatu) in Gauteng said on Tuesday that it was dismayed by the news that the provincial department of transport will be subsidizing Gautrain operating expenses with a whopping R1.5-billion this year.  News emerged on Monday that the Gautrain Management... 

'Find it in your heart, Eskom' – public's pleas on 'unbearable' tariff hikes  

By: News24Wire      15th January 2019 Granting power utility Eskom the 15% annual tariff hike it has asked for will only add pressure to already struggling households, the National Energy Regulator of South Africa (Nersa) heard on the second day of public hearings.  The energy regulator, which sets prices and tariffs for Eskom,... 

Electric forklifts for fast-growing drinks producer

15th January 2019 Multi-national beverage manufacturer, Kingsley Beverages, has become the first largescale company in South Africa to make the switch from internal combustion-engine forklifts to more productive and efficient electric machines from Linde. With a fleet of more than 80 forklifts the company has... 

Sibanye, Lonmin extend merger longstop date to June

By: Marleny Arnoldi     15th January 2019 Precious metals miner Sibanye-Stillwater and platinum group metals miner Lonmin have agreed to extend the longstop date for the transaction in which Sibanye will acquire all of Lonmin’s issued share capital from February 28 to June 30. This follows after the Association of Mineworkers and... 

Organisations criticise ‘untransparent’ and ‘inefficient’ Eskom

By: Kim Cloete     14th January 2019 The Organisation Undoing Tax Abuse (Outa) has suggested that Eskom should be granted an electricity tariff increase of only 5% over the next three years and pushed for a radical overhaul of the utility. “We recommend a consumer price index tariff increase of 5% a year for the multiyear price... 

Salga warns of the dangers of raising electricity tariffs

By: Kim Cloete     14th January 2019 The South African Local Government Association (Salga) has rejected Eskom’s appeal for a 15% tariff increase over the next three years, saying the utility is "out of touch with reality". “There is already too much burden hanging over South African customers. We can’t expect them to pay,” Salga... 

Eskom warns of 'debt trap' as it pleads for 15% hike  

By: Kim Cloete     14th January 2019 Eskom CEO Phakamani Hadebe has apologised for the severe predicament Eskom is in, but has pleaded for an electricity tariff increase of 15% over the next three years.   Hadebe made the call at the opening of public hearings into electricity tariffs held by the National Energy Regulator of South... 

International passenger numbers at Cape Town International Airport grow by 9.6% in 2018

By: African News Agency      14th January 2019 Last year, 2.6-million international passengers were recorded by Cape Town International Airport (CTIA), representing a 9.6% growth from 2017 despite the drought and other problems experienced by the region, the City of Cape Town said on Sunday. "This growth came from long-haul carriers from... 

We must apologise to South Africans for 'avoidable' challenges – Eskom CEO 

By: News24Wire      14th January 2019 Eskom's 15% tariff increase for the next three years may seem steep, but Eskom has run into challenges which it cannot solve alone, CEO Phakamani Hadebe said. The executive made opening remarks at the National Energy Regulator of South Africa's (Nersa) nationwide public hearings, which kicked off... 

Agbiz appoints GM for Fruit Desk initiative

By: Marleny Arnoldi     11th January 2019 Agricultural Business Chamber South Africa (Agbiz) has appointed Stephanie van der Walt Fruit Desk GM. The Fruit Desk is an initiative of Fruit South Africa, specifically the Citrus Growers Association, Hortgro, the South African Table Grape Industry and the Fresh Produce Exporters Forum, in... 

Adrian Buddingh Joins Rittal South Africa as Managing Director

By: Creamer Media Reporter      11th January 2019 Rittal South Africa is pleased to welcome Mr Adrian Buddingh as the subsidiary’s new Managing Director. Buddingh’s engineering expertise, knowledge of the industry and passion for people looks to elevate the brand to new levels and will once again highlight Rittal’s commitment to the local... 

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. 

Train accident highlights need for industry-wide solution, stronger regulator – RRA

By: Tasneem Bulbulia     10th January 2019 An industry-wide solution and a strengthened railway regulator with more powers are needed to prevent future train accidents, such as the one that claimed the lives of four people and resulted in the injury of hundreds more earlier this week, industry body, the Rail Road Association (RRA) said in... 

Rail Enforcement Unit a success story, says Cape Town mayor

By: African News Agency      10th January 2019 Cape Town Mayor, Dan Plato on Wednesday said the Rail Enforcement Unit (REU) -- which provides an additional 100 law enforcement officers to the existing security personnel in meeting Metrorail’s security challenges -- has been a success story and will assist in stabilising the urban rail service... 

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... 

Hilux sales top 40 000 units, Suzuki, Bentley fly, Merc takes a knock 

By: Irma Venter     9th January 2019 The Toyota Hilux is yet again South Africa’s favourite vehicle, selling a whopping 40 018 units in 2018. This is up 10% on 2017 sales, at 36 422 units. 

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... 

New-vehicle sales decline by 1% in 2018, exports at record high 

By: Irma Venter     8th January 2019 South African new-vehicle sales yet again retreated into negative territory in 2018, declining by 1%, to 552 190 units, down from the 557 703 units sold in 2017. The new-vehicle market in 2017 lifted its head by 1.9%, after spending the previous three years in the red. 

Land Bank appoints acting CFO, chief risk officers

By: Marleny Arnoldi     8th January 2019 JSE-listed Land and Agricultural Development Bank of South Africa (Land Bank) has appointed Konehali Gugushe acting CFO. It also appointed Sakhumzi Diza acting credit chief risk officer (CRO) and Nafiza Khan acting CRO.  

Becsa to acquire IP-rich Matriarch Equipment

By: Marleny Arnoldi     8th January 2019 JSE-listed heavy equipment manufacturer Bell Equipment Company South Africa (Becsa), a subsidiary of Bell Equipment, will acquire Matriarch Equipment for an initial consideration of R3.8-million. The consideration will also include a further consideration of up to R15-million based on the... 

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... 

South Africa improves its score in 2018 Index of Economic Freedom

By: Marleny Arnoldi     7th January 2019 South Africa’s ranking in the 2018 Index of Economic Freedom has improved, with the country ranked fourth in the Africa region and seventy-seventh out of 180 countries globally, reports Heritage Foundation. Marketing agency Brand South Africa research GM Dr Petrus de Kock says the index... 

AMCU strike at Sibanye-Stillwater legal - court

By: Reuters     21st December 2018 A court has found that a strike by a union representing just under half of all workers at Sibanye-Stillwater's South African gold operations is legal, despite the company declaring otherwise last week. South Africa's Association of Mineworkers and Construction Union (AMCU) said on Friday that... 

Liquid Telecoms to launch 'multi-billion rand' wholesale 4G network

By: Creamer Media Reporter      21st December 2018 Liquid Telecom South Africa, part of pan-African telecoms group Liquid Telecom, on Friday announced that it would establish a multi-billion rand 4G network in South Africa. From early 2019, wholesale roaming services will be made available across its network nationwide. 

PRASA closes Pretoria station for 40 days for maintenance

By: News24Wire      14th December 2018 If you take a train from Metrorail's Bosman station in Pretoria as part of your commute to work, you'll need to consider other modes of transport. The Passenger Rail Agency of South Africa (PRASA) will be carrying out maintenance at the station, completely closing it to the public for at least 40... 

Group Five appoints Anthony Clacher CFO

By: Marleny Arnoldi     12th December 2018 Construction company Group Five has appointed Anthony Clacher CFO with immediate effect. He succeeds Christina Teixeira, who announced her resignation in October.  

November inflation ticks slightly higher to 5.2%

By: News24Wire      12th December 2018 November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday.  This is up from inflation of 5.1% recorded for October.  

Dry conditions threaten 2019 maize crop – Grain SA

By: Reuters     12th December 2018 Dry conditions in the main part of South Africa's maize belt have delayed crop plantings, threatening yields for the staple food and sending prices sharply higher, the farmers lobby group Grain South Africa said on Tuesday. With the optimum planting window fast closing in the western part of the... 

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... 

Investors inject R502m into East London development zone

By: African News Agency      3rd December 2018 Meek Mines South Africa and Nulatex Condoms South Africa have announced a R502-million investment into the East London Industrial Development Zone (ELIDZ) expected to create 450 jobs for locals. Meek, which cuts and polishes diamonds mined for supply to both the domestic and foreign market, will... 

South Africa faces more power cuts, raising Ramaphosa reform risk

By: Reuters     3rd December 2018 South Africa faces more power cuts, electricity utility Eskom warned on Monday as it sought to prevent the collapse of its power grid in a test for President Cyril Ramaphosa's reforms. Eskom implemented a fifth day of controlled power cuts on Monday, putting more strain on an economy already... 

Business confidence falls for third straight quarter – survey

By: Reuters     27th November 2018 South African business confidence fell for the third straight quarter, a survey showed on Tuesday, as country struggles to grow in a recession-bound economy. The Rand Merchant Bank (RMB) business confidence index compiled by the Bureau for Economic Research fell to 31 points in the fourth quarter... 

ACSA, Wits Access Management System challenge winner announced

By: Tasneem Bulbulia     16th November 2018 Team Authentic8 was on Friday declared the winner of the Airports Company South Africa (ACSA) and University of the Witwatersrand's (Wits') Tshimologong Digital Innovation Precinct’s security access management hackathon, also called the Access Management System Challenge. The announcement was... 

Vusi Khanyile appointed WWF-SA chairperson

By: Simone Liedtke     16th November 2018 Former Thebe Investment Corporation chairperson Vusumzi (Vusi) Khanyile has been elected the new chairperson of World Wide Fund-South Africa’s (WWF-SA) board of directors at the nongovernmental organisation’s fiftieth annual general meeting. He takes over from Valli Moosa, who has chaired the... 

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