R/€ = 19.7411 Change: 0.0026
R/$ = 18.1677 Change: -0.0099
Au 2420.09 $/oz Change: -5.61
Pt 1038.36 $/oz Change: -13.29

Latest News

Zimbabwe asks miners to ramp up gold output to support ZiG currency

By: Bloomberg     Updated 56 minutes ago Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new currency is anchored on gold production, we have to determine ways to increase production,” Chitando... 

Reserve Bank warns carbon taxes may cut exports by 10%

By: Bloomberg     Updated 1 hour 11 minutes ago South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank (SARB) said the hit could reach 10% of exports and more than 9% of gross domestic product in 2050... 

The Port of Durban

Orange, Vodacom said in talks on African infrastructure deals

By: Bloomberg     Updated 1 hour 19 minutes ago Vodacom Group is in discussions with France’s Orange about a strategic partnership in Africa to explore infrastructure deals to help keep down costs on the continent, people familiar with the matter said. The telecommunications companies are looking at agreements in overlapping markets including... 

Vodacom's head office

NOA Group acquires early-stage Khauta solar farm in the Free State

By: Marleny Arnoldi     20th May 2024 Local integrated energy company NOA Group has successfully acquired the 350 MW Khauta solar PV facility, near Welkom, in the Free State, from PNE, which started the development of the facility. The addition of the solar farm brings NOA’s total grid-secured assets to 500 MW and closer to its... 

Seminar commemorates World Metrology Day, with a focus on sustainability

By: Sabrina Jardim     20th May 2024 In celebration of the first Unesco-recognised World Metrology Day on May 20, as well as a global emphasis on climate change and sustainability, the National Metrology Institute of South Africa (NMISA) held a World Metrology Day seminar, focused on the theme of ‘measurement science in support of... 

Speakers explore process heat supply alternatives

By: Tasneem Bulbulia     20th May 2024 With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business... 

IAEA expert team in Uganda to support country’s uranium production plans

By: Rebecca Campbell     20th May 2024 A specialist expert mission of the International Atomic Energy Agency (IAEA) is currently in Uganda to undertake a review connected with the East African country’s nuclear energy ambitions, specialist news agency World Nuclear News reports. Uganda plans to construct 24 000 MWe of nuclear energy... 

GVK completes 20-storey student housing block in Cape Town

By: Marleny Arnoldi     20th May 2024 Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town. The 77 000 m2 development also includes 6 700 m2 of retail space and a public square. 

GVK-Siya Zama-constructed student accommodation block in Cape Town
GVK-Siya Zama-constructed student accommodation block in Cape Town

Vumacam surveillance tech yields 10% boost in crime interceptions, arrests in Gauteng

By: Darren Parker     20th May 2024 The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which has been leveraging Vumacam SafeCity cameras. Since its inception in February, the project has... 


Famous Brands reports bump in revenue, while profits decline for 2024 financial year

By: Darren Parker     20th May 2024 Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a 1.5% profit margin contraction from 11.6% to 10.1% dampened results. Despite the group’s carefully... 

steers burger and chips

Eskom board approves plan to operate Camden, Grootvlei and Hendrina to 2030 

By: Terence Creamer     20th May 2024 The Eskom board has given its approval for the continued operation of the Camden, Grootvlei and Hendrina power stations to 2030 – a departure from the original decommissioning schedule that has reportedly been endorsed by Cabinet. In response to a question posed by Engineering News during an... 

Eskom head of generation Bheki Nxumalo
Photo by Creamer Media Chief Photographer Donna Slater
Eskom head of generation Bheki Nxumalo

Zero Carbon Charge signs MoU with Free State govt on EV charger rollout

By: Irma Venter     20th May 2024 Zero Carbon Charge (Zero CC) has signed a memorandum of understanding (MoU) with the Free State provincial government on the introduction of what it describes as a “network of solar-powered, offgrid, ultrafast electric vehicle (EV) charging stations across the province”. The rollout promises the... 

Thabo Meeko and Joubert Roux
Thabo Meeko and Joubert Roux

BCIMA urges construction industry to increase safety measures in wake of George tragedy

By: Marleny Arnoldi     20th May 2024 The Building and Construction Industry Medical Aid Fund (BCIMA) has called for a review of the safety practices on construction sites and the prioritisation of the health of construction workers following the collapse of a five-storey residential building in George, in the Western Cape earlier... 

Silhouette of construction site and workers

Wine grape supply balances with demand in 2024 harvest season

By: Marleny Arnoldi     20th May 2024 The 2024 wine grape harvest has yielded 1.09-million tonnes from 87 848 ha, which is 7% lower than the prior harvest season, industry body Vinpro reports. Vinpro consultation services manager Dr Etienne Terblanche says the 2024 harvest season was a journey marked by careful planning and the... 

Wine bottles

Astral poultry division makes notable financial recovery in H1

By: Marleny Arnoldi     20th May 2024 JSE-listed integrated poultry producer Astral Foods has reported improved results for the six months ended March 31, on the back of its “reset, refocus and restart campaign” which was launched in response to significant losses incurred from loadshedding and avian influenza in the 2023 financial... 


Employment environment bleak, but there are opportunities for improvement  

By: Tasneem Bulbulia     20th May 2024 The 2024 ‘UASA South African Employment Report’ and second UASA/Bureau of Market Research (BMR) Employment Index paints a bleak picture of the country’s employment situation; however, there are areas of focus that can be pursued to turn this around, including skills development to capitalise on... 

Employment environment bleak, but there are opportunities for improvement
BMR Personal Finance Research Division head and senior researcher Jacolize Meiring explains how technology is impacting jobs, and how this can be managed to create employment opportunities

Altron posts strong continuing operations growth

By: Natasha Odendaal     20th May 2024 JSE-listed Altron on Monday reported strong results across its continuing operations; however, noncash adjustments in its discontinued operations weighed on the company’s overall results for the year ended February 29, 2024. The company reported earnings before interest, tax, depreciation and... 

Energy trader reports strong market demand for green electricity from 210 MW Hendrina Wind Farm 

By: Terence Creamer     20th May 2024 Newly formed electricity trader Apollo Africa reports that it is experiencing strong demand from potential customers for the renewable electricity that will be produced from the grid-ready 210 MW Hendrina Wind Farm, being developed by Enertrag in the Mpumalanga province. Apollo Africa, which is... 

Apollo Africa MD Jenna Harris
Apollo Africa MD Jenna Harris

DWS set to submit NWRIA Bill to Presidency

By: Natasha Odendaal     20th May 2024 Following the adoption of the National Water Resource Infrastructure Agency (NWRIA) Bill, the Department of Water and Sanitation (DWS) is preparing to submit it to President Cyril Ramaphosa for final sign-off. The Bill, which aims to establish the NWRIA to ensure sustainable, equitable and... 

Platinum-enabled green molecules offering inviting green electron value-add – Nedbank  

By: Martin Creamer     20th May 2024 It’s no longer good enough to just produce electric vehicles (EVs). You have to produce green EVs, and to do that, you need green steel. To get the green steel, you need the green molecules that green hydrogen provides. 

The cathode side of proton exchange membrane (PEM) fuel cells that convert hydrogen to electricity require platinum.
Nedbank CIB's Mike Peo interviewed by Mining Weekly's Martin Creamer. Video: Shadwyn Dickinson.

TPT starts financial year off with increases in bulk, container volumes

By: Marleny Arnoldi     17th May 2024 State-owned ports manager Transnet Port Terminals (TPT) has recorded a 10% year-on-year increase in container volumes moved across all 19 of its terminals in the first six weeks of the 2024/25 financial year. Bulk volumes and break-bulk volumes were also up by 5% and 17%, respectively, compared... 

The Ngqura container terminal

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Get Steel invites comment on proposed foundry project in Benoni

By: Marleny Arnoldi     17th May 2024 Local steel processing company Get Steel has invited interested and affected parties to submit comments on a draft scoping report into the refurbishment of the Naledi Foundry, in Benoni, Gauteng. The company also intends to install additional infrastructure and equipment to establish a new... 

Scrap metals

BevCo acquisition expected to drive competition in the local market

By: Sabrina Jardim     17th May 2024 New Delhi-based multinational Varun Beverages says its acquisition of South African entity BevCo and its subsidiaries, valued at close to R3-billion, is set to expand its African footprint and bring global expertise to a market characterised by growing consumer sophistication and demand for... 

Development finance agency highlights Africa’s infrastructure needs and opportunities

By: Rebecca Campbell     17th May 2024 The Africa Finance Corporation (AFC), which exists to catalyse private-sector investment in African infrastructure, on Friday released its latest report, State of Africa’s Infrastructure Report 2024: The infrastructure imperative: Igniting Africa’s Industrial Renaissance. This found that the... 

Tshwane’s first separation-at-source project in a public space signals success

By: Sabrina Jardim     17th May 2024 A separation-at-source recycling campaign, called S@S, at Tshwane’s public Fountains Valley Resort – a collaboration between the City of Tshwane and producer responsibility organisation Petco – is being described by officials as a success, with plans to extend it to other resorts and public areas... 

Petco recycling bins

George building collapse rescue, recovery operations wrapped up

By: Chanel de Bruyn     17th May 2024 Western Cape Minister of Local Government, Environmental Affairs and Development Planning Anton Bredell has confirmed that the rescue and recovery operation at the site of a building collapse, in George, has been concluded. More than 1 000 rescue, support and volunteer workers carried out the... 

The cleared site of a building collapse in George

Yet more Chinese imports on their way, this time electric, and available to rent

By: Irma Venter     17th May 2024 Local importer of Dongfeng Sokon Automobile (DFSK) battery electric vehicles (BEV), Enviro Automotive, says it will make a number of additions to its vehicle line-up. The company introduced the DFSK brand to South Africa in July 2022, with the introduction of the EC35 panel van and EC31 one-ton... 

Image of the DFSK EC35 four-seater panel van
The DFSK EC35 four-seater panel van

Steady increase in demand for MyCiTi bus service

By: Irma Venter     17th May 2024 The latest audited statistics on MyCiTi ridership in and around Cape Town show that there is an increasing demand for the bus service. “It took some time for the service to settle in again after the Covid-19 pandemic, and for operations to return to normal,” says City of Cape Town Urban Mobility... 

Image of a MyCiTi bus and station

Opinion: World Telecoms Day – MTN celebrates 30 years and looks towards 2054

By: Creamer Media Reporter      17th May 2024 In this article, MTN South Africa CEO Charles Molapisi writes about the telecommunication group's impact over the past 30 years, as well as its future plans. 

MTN South Africa CEO Charles Molapisi
MTN South Africa CEO Charles Molapisi

United Airlines is committed to net-zero carbon emissions flying by 2050

By: Rebecca Campbell     17th May 2024 US-based global major carrier United Airlines is committed to achieving net-zero carbon emissions by 2050, its Director Sales: Continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin, assures Engineering News, in an exclusive interview. (Net-zero emissions is not the same thing... 

United Airlines Continental Europe, India, Israel, Africa & Middle East sales director Thorsten Lettnin
Photo by Harald Kahn
United Airlines Continental Europe, India, Israel, Africa & Middle East sales director Thorsten Lettnin

Altron expects double-digit earnings increases from continuing operations

By: Natasha Odendaal     17th May 2024 JSE-listed Altron expects to deliver higher earnings from continuing operations for the year ended February 28, 2024. In a revised trading statement on Friday, Altron said that its headline earnings per share (HEPS) for continuing operations are expected to be 35% to 38% higher, at between 115c... 

NCOP votes to pass Electricity Regulation Amendment Bill  

By: Creamer Media Reporter      17th May 2024 Engineering News editor Terence Creamer discusses the significance of the National Council of Provinces' (NCOP's) vote to pass the Electricity Regulation Amendment Bill; if the Bill is likely to face any opposition; and what further actions can be expected once the Bill becomes law.   

Engineering News editor Terence Creamer
NCOP votes to pass Electricity Regulation Amendment Bill (Camera: Shadwyn Dickinson; Editing: Nicholas Boyd)

Today’s well-supplied market for critical minerals ‘may not be a good guide for future’ 

By: Terence Creamer     17th May 2024 A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean energy deployment and affordability, it is a bane for critical mineral investment and... 

Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system
Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system

Tenth Africa Prize for Engineering Innovation finalists revealed

By: Sabrina Jardim     17th May 2024 Four innovators from Kenya, Côte d'Ivoire and Uganda – whose innovations address recycling in construction, AI tools for healthcare and farming, and reengineered waste collection – have been selected from a shortlist of 16 to compete for this year’s £50 000 Africa Prize for Engineering... 

Opinion: Government must come to the party on new-energy vehicles

17th May 2024 The automotive sector requires policy certainty and investment incentives to meet the challenges of the future and sustain its vital role in the economy, writes Nedbank Commercial Banking manufacturing national manager Amith Singh. 

Amith Singh
Amith Singh

Magazine round up | 17 May 2024 

17th May 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

Mining-focused manufacturers see innovation as key to survival and future growth

By: Sabrina Jardim     17th May 2024 Amid the challenges of loadshedding, logistical constraints and volatile commodity prices, South Africa’s mining-focused manufacturers and equipment suppliers view ongoing innovation, including embracing digitalisation and artificial intelligence (AI), as increasingly central to their survival... 

Magazine Cover Image

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