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Establishing and maintaining a sustainable transformation journey

By: Creamer Media Reporter      12th September 2018 SMEC South Africa is a multidisciplinary engineering consulting and infrastructure advisory firm that has been delivering outstanding infrastructure solutions for over 70 years. As a progressive company that delivers engineering excellence, design innovation and advisory services to clients in... 

Clover’s FY18 earnings rise despite challenging trading conditions

By: Marleny Arnoldi     12th September 2018 JSE-listed food and beverage group Clover Industries returned the business to historical profitability levels in the financial year ended June 30, declaring a final gross cash dividend of R92.9-million, or 48.6c apiece. The company reported normalised headline earnings of R394-million, which... 

Delivering healthcare that is right for Africa, WSP

12th September 2018 Eliminating barriers and ultimately increasing access to quality health services, for all, is a key pillar that requires significant focus if the aspirations laid out in the Agenda 2063 are to be achieved. It is also crucial if a prosperous future of inclusive and sustainable growth, where all... 

Parliament to debate recession, fuel price hikes

By: News24Wire      12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon.  Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009.  

Failure not an option at DCT berth deepening project, says TNPA

By: Shirley le Guern     11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... 

WorleyParsons provides design support for revolutionary wind power technology

11th September 2018 As an organisation that focuses on finding solutions to the world’s changing resources and energy challenges, WorleyParsons continuously seeks to develop and encourage innovative ideas, refine those ideas and take them to market. With the drive towards renewable energy gaining pace, the project... 

Aveng shareholders vote in favour of 14bn shares issue to pay off debt

By: Marleny Arnoldi     10th September 2018 Construction group Aveng’s shareholders on Monday voted in favour of the resolutions that will give effect to the specific issue of 14.5-billion Aveng ordinary shares. These shares will be issued to the company’s existing bondholders as part of a process that will see the early redemption of... 

10X-e partners with Alphacode to accelerate five top companies in South Africa

10th September 2018 South African Scale Up specialists, 10X-e, will partner with SA’s premier fintech incubator subsidiary of RMI, Alphacode to support SA’s top Fintech’s on their path to scale This collaboration will initially see five of SA’s highest-profile fintech companies investing two years scaling up using... 

Solidarity CE writes open letter to Sasol directors amid ongoing strike

By: Marleny Arnoldi     10th September 2018 Solidarity CE Dr Dirk Hermann has written an open letter to two Sasol directors, on the eve of the union’s lawsuit to seek approval for a Section 77 application at the High Court, which will enable all the union’s members nationwide to strike along with those members employed at Sasol, who have... 

Internships Can Make A Dent In South Africa’s Unemployment Rate, Says Otel

7th September 2018 Internships are effective public private sector partnerships that have the potential to make a huge dent in South Africa's youth unemployment which is currently at 38.2%, according to Stats SA. That's according to Independent telecoms firm Otel Communications which believes government can lead... 

Plastics SA launches clean-up day, drive to reduce ocean waste

By: Schalk Burger     7th September 2018 Industry body Plastics South Africa (SA) has partnered with Estonian clean-up civic movement Let’s Do It! Africa for the World Cleanup Day on September 15. Plastics SA will provide resources and coordinate the activities as part of the Cleanup and Recycle SA week from September 10 to 15. Last... 

Sophia comes to South Africa

By: Martin Zhuwakinyu     7th September 2018 Sophia the Saudi Arabian. Rings a bell? If it doesn’t, a clue: she was the subject of a recent instalment of this column and has the rare distinction of not having been born of flesh and blood. She came to our shores last week and wowed attendees at the SAP Now conference, in Johannesburg, where... 

Blockchain for enterprise cloud platform to raise transaction trust

By: Schalk Burger     7th September 2018 Cloud technology multinational Oracle’s Blockchain Cloud Service provides a development platform for enterprises and State organisations to build their own scalable and low-cost blockchain networks, says Oracle cloud platform business development director and Europe, Middle East and Africa... 

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer     6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... 

Lynas reports first profits

By: Esmarie Swanepoel     6th September 2018 Rare earths miner Lynas has reported its first net profits after tax for the full year ended June, while earnings before interest, tax, depreciation and amortization (Ebitda) also increased significantly. Net profit after tax for the financial year reached A$53.1-million, compared with a loss of... 

Northern Territory’s 5-point plan to build a gas industry

By: Esmarie Swanepoel     6th September 2018 The Northern Territory government has revealed a five-point gas strategy to drive its vision of creating a world-class hub for gas production, manufacturing and services, by 2030. The strategy will be aimed at getting more liquefied natural gas (LNG) in Darwin, and expand the Darwin LNG export... 

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Swanepoel     6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... 

ANC calls for immediate stimulus package as economy dips into recession

By: News24Wire      5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

Appea blasts South Australian decision

By: Esmarie Swanepoel     5th September 2018 The Australian Petroleum Production and Exploration Association (Appea) has condemned the South Australian government’s decision to support a bill to legislate a decade-long moratorium on hydraulic fracturing (fracking) in the state’s Limestone Coast region. “It is disappointing to see the state... 

Fairvest maintains solid results for FY18

By: Simone Liedtke     4th September 2018 South African real estate investment trust Fairvest Property on Tuesday announced solid results for the year ended June 30, with annual distributions increasing by just over 9.9% to 20.15c a share. Fairvest continues to deliver sector-beating growth in distributions, while advancing the portfolio... 

Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg     4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... 

SABS gears up to restart partial testing in response to industry frustration

By: Terence Creamer     4th September 2018 The South African Bureau of Standards (SABS), which was placed under administration by Trade and Industry Minister Dr Rob Davies earlier this year, intends lifting its two-year moratorium on the partial testing of product conformance, also referred to as customer specific requirement testing. The... 

Atlas Copco expands its compressed air and nitrogen product ranges with innovative products

3rd September 2018 Atlas Copco Oil-free Air and Compressor Technique Service Divisions, leading providers of sustainable productivity solutions, held a global sales event between April, 16th and 19th 2018 with over 900 participants from 68 countries.  Several product innovations in compressed air and gases were... 

New-vehicle market drops by 2.5% in August, exports up 7.7%

By: Irma Venter     3rd September 2018 The South African new-vehicle market declined by 2.5% in August, to 47 964 units, compared with the same month last year. The newest sales numbers, released on Monday, indicate that August new-passenger car sales decreased by 2.2%, to reach 31 447 units. 

Investec Property to develop R2bn mixed-use precinct at Wanderers Golf Club

By: African News Agency      3rd September 2018 The Wanderers Golf Club has unveiled plans to develop a R2-billion 1 ha mixed-use precinct in Johannesburg's northern suburbs located in Illovo, between Sandton and Rosebank, in partnership with Investec Property. The proposed development will include high-end commercial office space, luxury... 

Inequality, poverty worsening as broader unemployment rate rises – Uasa

By: Marleny Arnoldi     3rd September 2018 Despite South Africa’s past goals and targets to find solutions to its unemployment crisis, such as the government’s plan to halve unemployment by 2014, the unemployment rate is not declining at all. Instead the number of unemployed people has increased from 6-million to 9.6-million between... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

Beowulf preparing to initiate scoping study on Finland project

By: Creamer Media Reporter      31st August 2018 Aim-listed Beowulf Mining is pushing ahead with the Aitolampi graphite project and is meeting with key decision-makers in Heinävesi to discuss the Finland-based project, CEO Kurt Budge said on Friday. He stated that, although an imminent decision on its Kallak project, in neighbouring Sweden, had... 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke     31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. 

President Ramaphosa jetting off to China for State visit and multilateral summit

By: Rebecca Campbell     31st August 2018 South African President Cyril Ramaphosa departs for Beijing on Friday for both a State visit to China and to co-Chair the 2018 Forum on China-Africa Cooperation (FOCAC), which will take place immediately afterwards. The State visit will take place on September 2 and FOCAC will be held on... 

Long-serving Qhena to step down as IDC CEO on Dec 31

By: Marleny Arnoldi     31st August 2018 The Industrial Development Corporation (IDC) has started the search for a new CEO, following Geoffrey Qhena’s resignation. Qhena has agreed to stay on until December 31, to ensure a smooth transition.  

Bigen wins two Standard Bank Top Women Empowerment Awards

By: Creamer Media Reporter      31st August 2018 The Bigen Group, an innovative and solutions-focused infrastructure development group, earned two sought-after Standard Bank Top Women Awards. Bigen was named Top Gender Empowered Company in Infrastructure Development and CEO Anton Boshoff the Top Male Driving Gender Empowerment at the annual... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Reflecting on sugar customs duty increase

By: Riaan de Lange     31st August 2018 So, will the increase in the variable formula tariff (VFT) on sugar – or the 'honey without bees', as Alexander the Great called it – mitigate the harshness of international trade or be the saccharine protection that the Southern African Customs Union (Sacu) producers desire it to be? Growing up... 

R&D must be prioritised as Industry 4.0 disrupts

By: Jessica Oosthuizen     31st August 2018 Research and development (R&D) is crucial for the aviation industry and government should establish it as a national priority, says the Board of Airline Representatives of South Africa (Barsa) GM Ndiphiwe Ntuli. Barsa submitted its comments to the Department of Transport on the Revised White... 

IFS South Africa joins YES campaign

By: Natasha Odendaal     31st August 2018 Enterprise applications company IFS has become the latest company to join South Africa’s new Youth Employment Service (YES) initiative by sponsoring learnership programmes for 30 young, unemployed South Africans. The programme aligns with the government’s drive to reduce unemployment by creating... 

Graskop Gorge glass elevator project, South Africa

By: Sheila Barradas     31st August 2018 The Graskop Gorge Lift Centre was opened in July. 

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