R/€ = 14.90 Change: 0.05
R/$ = 12.17 Change: 0.06
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51


SKF quality and service value proposition improves delivery time of large size roller bearings

     19th January 2018 The SKF Explorer series large size roller bearings presented the most optimum solution for a vertical roller mill used in the production of cement. A long-standing SKF customer in the cement and concrete industry contacted SKF for a solution when a routine maintenance check determined that the... 

IDC assessing 21 applications under R1.5bn downstream steel incentive

By: Terence Creamer     19th January 2018 The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products. The... 

South Africa's rand near 2-1/2 year high, stocks ease

By: Reuters     19th January 2018 South Africa's rand scaled a fresh 2-1/2 year high against a broadly fragile dollar on Friday before easing after the central bank held interest rates steady on Thursday. At 0715 GMT, the rand was 0.1 percent weaker at 12.145 to the dollar after earlier hitting 12.0725, its best level since June... 

Reserve Bank Governor Kganyago's election as IMFC chair welcomed

By: African News Agency      19th January 2018 Finance Minister Malusi Gigaba on Thursday announced that South African Reserve Bank (SARB) Governor Lesetja Kganyago was selected as chairperson of the International Monetary and Financial Committee (IMFC). Kganyago, who is also South Africa's Alternate Governor on the International Monetary... 

Regulatory uncertainty casting shadow over South Africa amid forecast for further minerals market uptick

By: Mia Breytenbach     19th January 2018 The South African mining industry has had a tumultuous time because of the controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III, which, amid lingering political uncertainty, led to low... 

Mitigating plastic’s negative public image

By: Marleny Arnoldi     19th January 2018 Continued local and international pressure to ban plastic bags and other single-use plastics, as cited in the media and social media, is at an all-time high, says plastic industry representative body Plastics South Africa (Plastics SA).  

Recycling rate increases, boding well for environment

By: Marleny Arnoldi     19th January 2018 The latest plastics recycling figures released by industry body Plastics South Africa (Plastics SA) indicate that South Africans are recycling more plastics than before, which bodes well for local environmental sustainability.  

Further car sales growth expected this year after 2% uptick in 2017

By: Irma Venter     19th January 2018 South African new-vehicle sales are projected to grow by 2% in 2017 compared with 2016, while 2018 is expected to produce further “modest growth”, says the National Association of Automotive Manufacturers of South Africa (Naamsa). The association has released its third quarter review of business... 

Wesbank to provide financing for Haval Motors customers

By: Irma Venter     19th January 2018 WesBank, a division of First Rand Bank, has concluded an agreement with Haval Motors South Africa (HMSA) to provide finance products for the brand’s expanding customer base in South Africa. The Chinese vehicle manufacturer Great Wall Motors (GWM) has traded in South Africa since 2007. 

Channelling all ewaste to one plant the best way to ensure viability of recycling in Southern Africa

By: Schalk Burger     19th January 2018 The establishment of an electronic waste (e-waste) recycling plant, which can cost R1.5-billion to build, will work best if the e-waste streams from across southern Africa can be channelled to such a megaplant, says information technology asset and e-waste recycling company Xperien CEO Wale... 

Up to ten midtier mineral deposits can still be discovered in South Africa – resources consultant

By: Mia Breytenbach     19th January 2018 There is no reason why South Africa cannot build an exploration and junior mining sector, says resources consultant Dr John Bristow, who notes that while the country has vestiges of this sector, it is hampered by regulatory policy, and a preoccupation with a “Sunset” mining industry. Speaking at... 

Lesotho Highlands Water Project – Phase II, Lesotho and South Africa

By: Sheila Barradas     19th January 2018 The contract for designing and supervising the construction of the Polihali water transfer tunnel has been awarded. 

Thyssenkrupp closes the loop in Africa’s sugar industry

     18th January 2018 Thyssenkrupp Industrial Solutions South Africa combines local knowledge with global expertise to bring turnkey technology and equipment solutions that will promote the sustainability and profitability of the sugar industry in the Sub Sahara African region. The company offers market, feasibility... 

VWSA launches assembly, ride-sharing, car-hailing business in Rwanda

By: Irma Venter     18th January 2018 German car maker Volkswagen has established Volkswagen Mobility Solutions Rwanda (VMSR), an integrated automotive mobility solutions company that is to be run under the auspices of Volkswagen Group South Africa (VWSA). VWSA is responsible for the sub-Saharan African region within the Volkswagen... 

Resumption of Cape Town Prasa service marred by train derailment

By: African News Agency      18th January 2018 The resumption of the Passenger Rail Agency of South Africa (Prasa) services on Thursday morning was marred when a train came off the rails along the notorious Central Line in Cape Town The train service had been suspended for nearly two weeks because of safety concerns sparked by the shooting of... 

Capture of State-owned enterprises totally unacceptable – Ramaphosa

By: African News Agency      18th January 2018 South Africa's deputy president and new leader of the ruling African National Congress (ANC), Cyril Ramaphosa, said on Thursday it was "totally unacceptable" that State-owned companies had fallen prey to criminal elements, resulting in sovereign credit rating downgrades to sub-investment status.... 

Gibela moves to Dunnottar plant; takes first manufacturing steps

By: Irma Venter     17th January 2018 Gibela has initiated manufacturing trials of the first locally made train car at the Gibela train factory, in Dunnottar, on the East Rand. The first train’s car body shell – essentially, its panel-clad metal frame – is expected to be completed by the end of the first quarter of 2018, with the... 

Marathon mineral rights tangle goes to Constitutional Court

By: Martin Creamer     17th January 2018 The Constitutional Court of South Africa is being asked to pronounce on a marathon mineral rights entanglement that lower courts have failed to resolve. What the High Court proclaimed, the Supreme Court of Appeal overturned, and now Chinese subsidiary company Aquila Steel has applied to the... 

KPMG appoints new chairperson

By: Anine Kilian     17th January 2018 Auditing firm KPMG South Africa has appointed University of Pretoria chancellor Professor Wiseman Nkuhlu chairperson and Ansie Ramalho independent director. Both individuals will assume their roles on March 1.   Nkuhlu has over 30 years' experience working in both the public and private sectors... 

S African households' net wealth up in third quarter of 2017 – report

By: African News Agency      17th January 2018 The real value of South African households’ net wealth increased on a year-on-year basis in the third quarter of 2017 after six consecutive quarters of decline, a report showed on Wednesday. Real net household wealth grew by an estimated 2.5 percent in Q3 2017, compared with the same period in... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

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... 

PRASA, UNTU in talks to reopen Central Line

By: Natasha Odendaal     16th January 2018 State-owned passenger rail service Passenger Rail Agency of South Africa (PRASA) and the United National Transport Union (UNTU) are in advanced stages of discussions to have the suspended Central Line, in Cape Town, reopened on Wednesday. The line was closed on January 10 for safety reasons... 

Atlas Copco to divest concrete and compaction business to Husqvarna Group

     16th January 2018 Atlas Copco has taken a decision to divest its concrete and compaction business to Husqvarna Group’s Construction division. The planned divestment will enable Atlas Copco’s Power Technique business area to intensify focus on its core technologies of air, power and flow. Atlas Copco Power... 

Safety regulator lifts PRASA’s prohibition directive

By: Creamer Media Reporter      15th January 2018 The Railway Safety Regulator (RSR) has lifted the prohibition directive issued to the Passenger Rail Agency of South Africa (PRASA), with conditions, after the parastatal submitted a corrective action plan to the regulator. PRASA Rail relayed to the RSR how it intends dealing with the issues... 

4Sight Holdings says reaches agreement to acquire Foursight South Africa

By: African News Agency      15th January 2018 4Sight Holdings said on Monday it had entered into an agreement to acquire the entire issued share capital and loan account claims of the Foursight South Africa group, effective from January 1. "Foursight South Africa and its subsidiaries will become subsidiaries of 4Sight Holdings and will... 

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

Atlas Copco to acquire South African exploration manufacturing business

     12th January 2018 Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the assets of Renegade Drilling Supplies Proprietary Ltd., a South African manufacturer and distributor of drilling consumables for mining exploration. The business will become part of Epiroc South Africa... 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     12th January 2018 The Gibela Rail Transport Consortium has moved its dedicated team into the new train manufacturing plant and training centre complex at Dunnottar. 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     12th January 2018 Passenger Rail Agency of South Africa has reported that commuters using the first of the new X’Ttrapolis Mega commuter trains are “extremely happy” with the new rolling stock. 

Sinopec commits to R6bn upgrade of Chevron South Africa refinery as buyout deal gathers pace

     11th January 2018 Chinese oil company China Petroleum and Chemical Corporation (Sinopec) has undertaken to invest R6-billion to upgrade and modernise Chevron South Africa’s (CSA’s) Cape Town-based oil refinery, if it succeeds in its bid to acquire control of CSA. 

Monash South Africa launches engineering offering  

By: Anine Kilian     11th January 2018 Private higher education institution Monash South Africa (MSA) is extending its academic offering this year by offering engineering within its expanded faculty of business, engineering and technology.   MSA is the first private higher education institution to offer a Bachelor of Engineering... 

PRASA warns of impact of prohibition notice on commuters

By: Anine Kilian     11th January 2018 The Passenger Rail Agency of South Africa (PRASA) has warned that a ban on manually authorising trains will negatively impact on Metrorail commuters. The Rail Safety Regulator (RSR) on Wednesday enforced the ban, after two trains collided in Germiston, Gauteng, on Tuesday morning. About 200... 

Monash South Africa to launch Engineering offering

     11th January 2018 Now you can finally study a BEng in Electrical and Electronic Engineering at a private institution!   Monash South Africa (MSA) is proud to announce that they are extending their academic offering in 2018 by offering Engineering within their expanded Faculty of Business, Engineering and... 

Reserve Bank expected to keep repo rate unchanged next week

By: Reuters     11th January 2018 South Africa's Reserve Bank will leave interest rates unchanged at its Jan. 18 meeting, a Reuters poll showed on Thursday, despite a much firmer rand suggesting further easing could come from the bank. The rand, currently around 12.43 per dollar, has gained almost 8% in the last six months - with... 

Regulator clamps down on PRASA’s manual operations after crash

By: Natasha Odendaal     10th January 2018 The Railway Safety Regulator (RSR) has banned the Passenger Rail Agency of South Africa (PRASA) from operating trains under “abnormal conditions”, or manual authorisations, following a second accident in less than a week involving passenger trains. Two Metrorail trains were involved in a rear-end... 

LHDA awards Polihali transfer tunnel design contract

By: Schalk Burger     10th January 2018 The Lesotho Highlands Development Authority (LHDA) has awarded the contract to design and supervise the construction of the Polihali water transfer tunnel – the largest of all the Lesotho Highlands Water Project Phase Two (LHWP II) engineering design contracts – to the Metsi a Senqu-Khubelu... 

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