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EOH appoints new interim CEO, non-executive directors after resignations

By: Schalk Burger 31st May 2024 JSE-listed information technology services company EOH has appointed Marius de la Rey as interim CEO, Veronica Motloutsi as an independent nonexecutive director, and Dennis Venter and Rhys Summerton as non-independent nonexecutive directors, effective from May 30. This comes after EOH... →

Emira reports strong full-year operational results

By: Sabrina Jardim 31st May 2024 Despite high interest rates and difficult operating conditions, JSE-listed Emira Property Fund reported strong operational results, strategic delivery and capacity-enhancing active capital recycling for its financial year ended March 31. The company declared a full-year dividend a share of... →

Emira Property Fund CEO Geoff Jennett

South Africa achieves trade balance surplus of R10.5bn in April

By: Tasneem Bulbulia 31st May 2024 South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and imports of R159.1-billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). →

Armscor lab to host African scientists for anti-chemical warfare course

By: Marleny Arnoldi 31st May 2024 A division of the Armaments Corporation of South Africa (Armscor), Protechnik Laboratories, will soon host 22 scientists from 14 countries for an analytical chemistry course. Protechnik has been offering the course yearly for 14 years and will, this year, host the course at Techno Park, in... →

Coega achieves R1bn SMME procurement spend for 2023/24

By: Tasneem Bulbulia 31st May 2024 The Coega Development Corporation’s (CDC’s) Small, Medium-Sized and Microenterprises (SMME) Development Programme has achieved procurement spend of over R1-billion for the 2023/24 financial year. This achievement equates to 69.42% of the total spend for the year and relates to the overall spend... →

Coega Development Corporation’s SMME Development Programme achieved procurement spend of over R1-billion for the 2023/24 financial year

JustGO CarPooling connects people looking for a city-to-city ride

By: Irma Venter 31st May 2024 Online bus and flight-ticket sales specialist JustGO has launched a new CarPooling service. Using an online booking platform on which drivers can post their availability for inter-city travel, JustGO CarPooling connects drivers and passengers along city-to-city routes throughout South Africa. →

ESG intrinsic to long-term mining success, Gold Fields AGM hears

By: Martin Creamer 31st May 2024 Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting (AGM) of the Johannesburg- and New York-listed gold mining company. “We have a critical role to... →

Solar power panels at South Deep gold mine.

MTN reflects on 30 years of operations

By: Natasha Odendaal 31st May 2024 As telecommunications giant MTN marks three decades of operations, it highlights the profound impact it has had. The group was established in 1994 as a small South African startup with 20 employees, growing into a global telecommunications leader, employing over 17 500 individuals representing... →

South African company’s electronics module has achieved the highest TRL rating

By: Rebecca Campbell 31st May 2024 South African original design manufacturer electronics company Etion Create (part of Reunert Applied Electronics) has announced that its VF370 3U OpenVPX single board computer (SBC) module has been rated at Technology Readiness Level (TRL) 9. TRL 9 is the highest technology maturity rating. “It... →

Photo by Sam J Basch
South African Air Force Denel Rooivalk attack helicopters deploy flares from their defensive aids suites during a display

Nel spin-off company Cavendish Hydrogen applies for listing in Norway

By: Marleny Arnoldi 31st May 2024 Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange. The spin-off and listing are still subject to satisfaction of certain conditions, including approval by the stock exchange and... →

cidb introduces three new categories in awards for women in construction

By: Marleny Arnoldi 31st May 2024 The Construction Industry Development Board (cidb) has introduced three new categories in the 2024 Empowerment and Recognition of Women in Construction (Erwic) Awards. Entries for the awards opened on May 30 and will close on June 28. →

cidb CEO Bongani Dladla

Hope and angst grip South African markets as coalition era dawns

By: Bloomberg 31st May 2024 Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the ruling African... →

DMRE again delays bidding deadlines for procurement of new renewables and battery storage

By: Terence Creamer 31st May 2024 The Department of Mineral Resources and Energy (DMRE) has confirmed another extension to the bid submission deadlines for the current renewables procurement round, as well as the second battery storage bidding round. The deadline for Bid Window Seven (BW7) of the Renewable Energy Independent... →

How it’s made: A new Ford Ranger every two minutes

By: Irma Venter 31st May 2024 Ford’s Silverton manufacturing plant, in Pretoria, is one of five global manufacturing hubs for the Ranger bakkie. The plant is able to produce up to 200 000 vehicles a year and, based on three-shift 24-hour production, it is capable of producing up to 720 vehicles a day – or one vehicle every... →

See how a Ford Ranger is assembled at the Silverton plant in Pretoria

Electricity, logistics reforms in the spotlight as coalition govt looms

By: Creamer Media Reporter 31st May 2024 Engineering News editor Terence Creamer discusses the coalition scenarios facing South Africa as the election results are being tallied and what this could mean for the reforms under way in electricity and freight logistics. →

Electricity, logistics reforms in the spotlight as coalition govt looms

Students should use AI to interrogate knowledge, not just answer questions, IT experts advise

By: Schalk Burger 31st May 2024 AI-based systems can provide personalised learning experiences, as well as identify students' strengths and weaknesses and adjust teaching to better facilitate and accelerate learning, IT industry experts said during a discussion on AI in education hosted by Regenesys Business School, in Sandton,... →

IT industry experts discuss the role of AI in education. Video: Shadwyn Dickinson; Editing: Nicholas Boyd.

Air passenger demand continues to grow strongly, reports IATA

By: Rebecca Campbell 31st May 2024 Global air passenger demand continued to increase in April, in year-on-year (y-o-y) terms, the International Air Transport Association (IATA) has reported. (IATA was the representative body for the global airline industry.) Total passenger demand was up 11%, with international demand rising 15.8%... →

Nigeria secures $500m World Bank loan for electricity sector

By: Reuters 31st May 2024 Nigeria has secured a $500-million World Bank loan for its electricity sector to boost power distribution, after last month's hike in tariffs for top consumers in Africa's most populous nation. The Bureau of Public Enterprise (BPE), the country's privatisation agency, on Thursday said the loan... →

UKZN using automated solution to monitor, support students' academic and holistic wellness

By: Schalk Burger 31st May 2024 The University of KwaZulu-Natal (UKZN) has piloted an automated student academic and holistic wellness solution among 9 000 students in the College of Health Sciences and aims to roll the solution out to the entire university of 53 000 students, UKZN student support services manager Dr Saloschini... →

UKZN student support services manager Dr Saloschini Pillay

Magazine round up | 31 May 2024

31st May 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. →

Magazine round up | 31 May 2024

SARB holds rates in shadow of election

By: Bloomberg 30th May 2024 The South African Reserve Bank (SARB) left borrowing costs unchanged, delivering the widely expected verdict one day after the nation held pivotal elections. The monetary policy committee kept its benchmark interest rate at a 15-year high of 8.25% for a sixth consecutive meeting, Governor Lesetja... →

Photo by Bloomberg
Reserve Bank Governor Lesetja Kganyago

Santam acquires home services marketplace Kandua

By: Tasneem Bulbulia 30th May 2024 Short-term insurer Santam has acquired Kandua, an online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer. →

Supply-side support will be required if South Africa aims to join green industrialisation race

By: Terence Creamer 30th May 2024 Stable demand remains a prerequisite if South Africa has any prospect of stimulating industrialisation in the renewable-energy and battery storage value chains, Trade & Industrial Policy Strategies (TIPS) senior economist Gaylor Montmasson-Clair has reiterated. But absent complementary... →

Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair

Commission grants approval for England-based Prax to acquire Natref

By: Marleny Arnoldi 30th May 2024 The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to acquire the latter. Prax is ultimately controlled by a firm incorporated in England called State Oil... →

Photo by Creamer Media
Natref refinery

Sibanye clinches yet another renewable energy purchase agreement

By: Martin Creamer 30th May 2024 Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an additional 140 MW wind energy project, the Umsinde Emoyeni Wind Farm, located on the border between... →

Sibanye-Stillwater secures fourth power purchase agreement.

ARC stresses need for farmers’ access to finance, insurance in light of growing climate risk

By: Marleny Arnoldi 30th May 2024 With the agriculture sector’s 33-million smallholder farmers contributing 70% of Africa’s food supply, it is pertinent that more innovative financing mechanisms are created as the continent increasingly faces challenges of climate change, low productivity and conflict. Financial services... →

Italtile announces C-suite changes

By: Marleny Arnoldi 30th May 2024 JSE-listed tile retailer Italtile has announced it will move CFO Brandon Wood to the position of COO and appoint Lamar Booysen CFO. Both will remain executive directors on the board. Italtile says the appointments align with the group’s long-standing succession plan and ongoing strategy to... →

Africa Finance Corporation signs MoU with Alstom to deliver rail project in the DRC

By: Darren Parker 30th May 2024 Infrastructure financier the Africa Finance Corporation (AFC) and sustainable mobility company Alstom have signed a memorandum of understanding to propel the development of the Kinshasa MetroKin rail project in the Democratic Republic of Congo (DRC). The partnership was announced alongside the... →

Representatives from the AFC, Alstom and MetroKin sign MoU

Poor roads, bad weather and weak used-car market dent Zeda’s profit

By: Irma Venter 30th May 2024 Poor road conditions, hail storms, a shortage of car parts and a deteriorating used-car market all managed to dent Zeda’s operating profit for the six months ended March 31. The integrated mobility solutions provider, active in the leasing, car rental and fleet management sectors, on Thursday... →

Ramasela Ganda

Global air cargo demand continued strong growth in April

By: Rebecca Campbell 30th May 2024 The International Air Transport Association (IATA), which is the global representative body of the airline industry, has reported that global total air cargo demand continued to grow strongly in April. This was the fifth month in a row in which air cargo demand increased by double digits, in... →

SABS publishes voluntary national standard for plain language

By: Tasneem Bulbulia 30th May 2024 The South African Bureau of Standards (SABS) in March adopted and published the South African National Standard (SANS) 24495 – Plain Language. South Africa has been implementing the principles of plain language since the promulgation of the Consumer Protection Act of 2008. →

Orange export volumes will be lower than initially expected – CGA

By: Marleny Arnoldi 30th May 2024 The Citrus Growers’ Association of Southern Africa (CGA) has revised downward its estimates for Navel orange exports this season to 22-million 15 kg cartons. The association initially expected 25.6-million cartons to be exported, but had to revise this estimate by 14.5% following consideration... →

EIB Global invests €25m in Amethis Fund III to promote African business growth

By: Darren Parker 30th May 2024 Investment organisation the European Investment Bank (EIB) Global has invested €25-million into pan-African fund Amethis Fund III, which aims to provide private equity growth capital to medium-sized companies on the continent. Amethis Fund III will target companies supplying goods and services to... →

Capital cost of energy transition ‘only one part of the picture’

By: Terence Creamer 30th May 2024 The yearly $1.9-trillion being invested currently on clean energy would have to more than double and be more evenly distributed to place the world on track to meet net-zero emissions by 2050, a new International Energy Agency (IEA) report confirms. However, it also stresses that such investments... →

Mpact appoints new CFO, executive director

By: Tasneem Bulbulia 30th May 2024 JSE-listed Mpact has appointed Hannes Snyman group CFO and executive director of Mpact and Mpact Operations with effect from June 1. He will succeed Brett Clark, who is retiring on May 31. →

Research project launched into telemedicine and HIV/Aids management in South Africa

By: Rebecca Campbell 30th May 2024 How effective is telemedicine as a differentiated service delivery model for the prevention of HIV/Aids in South Africa? This is the question to be addressed by a PhD researcher at Stellenbosch University’s Africa Centre for HIV/Aids Management, Rudi de Koker. “Globally, there is a goal of... →

Photo by Reuters
A pharmacist dispensing HIV/Aids medication

Sapics, SAAFF to host supply chain, logistics discussions in Cape Town

By: Marleny Arnoldi 30th May 2024 Supply chain management body Sapics, together with the Southern African Association of Freight Forwarders (SAAFF), will host its forty-sixth yearly conference, in Cape Town, from June 9 to 12, to discuss topical issues affecting supply chains and the South African logistics network. The event... →

Southern African States make fresh pitch to trade $1bn ivory stockpile

By: Reuters 30th May 2024 Southern African countries hosting the largest elephant populations in the world made a fresh pitch on Wednesday to be allowed to sell their $1 billion ivory stockpiles, amid calls to pull out of an international convention on endangered species. Five countries that make up the Kavango-Zambezi... →

Topics In These Articles

Africa Service Building generation Generators Power Construction Business Copper Energy Epiroc Financial Flow Mining Renewable Energy Surface Underground Defence Denel Fire Road Systems Technology Gas Industrial Projects Resources SECURITY System Petroleum ... more

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