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Outgoing Eskom CEO Brian Dames reported on Tuesday that the utility was considering restarting some of the energy-saving programmes that were suspended in late 2013 as a result of funding constraints. Speaking at a briefing hosted by the South African Chamber of Commerce and Industry, Dames said he had requested the integrated demand management (IDM) unit to prepare a proposal for board for approval.(Read Full Article)
Barloworld Logistics’ eleventh yearly supply-chain foresight survey has revealed a shift in consumer power, with companies subsequently realigning their supply chain strategies and business models to meet increasing customer expectations. Based on independent research by business consulting firm Frost & Sullivan, conducted on behalf of logistics group, the study revealed that emphasis had shifted from customer service to customer centricity, which Barloworld Logistics marketing executive Kate Stubbs said clearly demonstrated an understanding by businesses that customer satisfaction went beyond simply offering good service.(Read Full Article)
Freight and logistics service provider Grindrod had a R10-billion project pipeline planned for sub-Saharan Africa, said Grindrod CEO Alan Olivier on Thursday. He told Engineering News Online that the capital expenditure for some of these projects had already been approved by the Grindrod board – R1.6-billion from 2014 to 2016.
The remaining projects were in various stages of development, and, for example, had either already been costed, or were awaiting regulatory approval or commitment from customers, said Olivier.
All the projects were aimed at creating new or replacement infrastructure in sub-Saharan Africa, allowing Grindrod to better service trade flows on ...(Read Full Article)
Public Enterprises Minister Malusi Gigaba has launched a R165-million tripartite supplier development fund aimed at supporting black-owned small, medium and micro-sized enterprises and incorporating these businesses into the supply chain of State-owned logistics group Transnet.(Read Full Article)
Days after President Jacob Zuma confirmed in his State of the Nation address that government would move ahead with the procurement of new nuclear capacity, the Department of Energy (DoE) indicated that it planned to appoint an adviser to assess the economic impact of “localisation for the nuclear expansion programme”.(Read Full Article)
The Aveng Group has announced the appointment of acting CEO and FD Kobus Verster as CEO, with with immediate effect. . Verster, who had “extensive” experience in the steel and mining sectors, holds a BCom degree from the University of Potchefstroom and a BCom Honours in Economics degree from the University of Pretoria.
He also holds an MBL from the University of South Africa and attended the Executive Management Programme, at the University of Virginia, in the US. Prior to joining Aveng, Verster was CFO at ArcelorMittal South Africa, where he previously held various senior management positions.(Read Full Article)
Economic development agency the Eastern Cape Development Corporation (ECDC) on Tuesday reported that it had facilitated the creation of 18 314 jobs and job opportunities through the disbursement of R650-million in loans to more than 2 300 small, medium-sized and microenterprises (SMMEs), over the last five years.(Read Full Article)
Amid persistent challenges, the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) started the year unchanged at 49.9 points, while the business activity and new sales orders indices weakened, as demand remained subdued. The business activity index fell for the second consecutive month in January to reach 48, its lowest level since March 2013.(Read Full Article)
Following complaints from its member firms, Consulting Engineers South Africa (Cesa) has noted “with concern the blatant abuse of Section 32 of the Municipal Finance Management Act” and has called on the Auditor General, National Treasury and the Public Protector to investigate the deviations. According to the organisation, Section 32 dealt with the procurement of goods and services under contracts secured by other organs of State.(Read Full Article)
In a rare criticism of transformation legislation, Deputy President Kgalema Motlanthe has conceded deficiencies in broad-based black economic empowerment (BBBEE), saying on Wednesday that shortcomings in the implementation of this legislation had emerged.
Speaking at the Mail & Guardian’s 20 Years of Economic Transformation Summit, in Sandton, he asserted that, among others, emphasis on ownership and senior management had unintended consequences, resulting in fronting, speculation and abuse of the tender system.(Read Full Article)
BBBEE regulations, Motlanthe said, had also failed to adequately incentivise job creation and provide support for small enterprises and local procurement.
South Africa’s steel and engineering sectors are likely to yield better growth in 2014 than last year when the sector only saw 2% growth and produced output estimated at R335-billion, said Steel and Engineering Industries Federation of South Africa (Seifsa) chief economist Henk Langenhoven in Johannesburg on Wednesday. He said short-term signals indicated that benefits would be derived from the expected domestic spending on infrastructure.(Read Full Article)
Standard Bank has joined forces with construction materials group Massbuild to provide a R20-million credit facility for select black economic-empowerment (BEE) building contractors, aimed at enabling them to establish sustainable businesses and improve their ability to deliver as preferred suppliers to government.(Read Full Article)
Sasol on Tuesday officially opened its new R1.9-billion ethylene purification unit, known as EPU5, in Sasolburg, Free State, which aims to service the rising demand for polyethylene (PE) material in South Africa, a domestic market that Sasol CEO David Constable asserts is growing at a rate of between 4% and 5% a year.(Read Full Article)
Industry body, the Steel and Engineering Industries Federation of South Africa (Seifsa), has expressed concern over the relapse of slower growth in the metals and engineering sector in the last quarter of 2013, with only a 2% increase over the last three months of the prior year.(Read Full Article)
The 2 820 truck sales recorded during November pushed the truck industry’s year-to-date total to 28 538 units – a 12.57% increase on October’s numbers. This positive result also means that the industry has surpassed 2012’s total sales of 27 474 units in eleven months. This is according to the latest combined results released by the National Association of Automobile Manufacturers of South Africa, Associated Motor Holdings and Amalgamated Automobile Distributors.(Read Full Article)
Cape-based engineering, procurement and construction company Sustainable Power Solutions and its subcontractor Renen Renewable Energy Solutions have completed the installation of a R17-million, 1 MW single-rooftop grid-tied solar plant on the roof of floorcovering manufacturer Belgotex’s factory, in Pietermaritzburg.(Read Full Article)
State-owned power utility Eskom’s eta Awards this week unveiled exceptional efforts by South Africa’s individuals, students, companies and other institutions in energy efficiency initiatives to reduce strain on the national grid. The eta Awards, initially established 20 years ago to create awareness and encourage action in the energy efficiency field, sought to recognise and reward excellence in energy efficiency.
INNOVATION(Read Full Article)
Welding solutions specialist Shield Technologies was the winner of Innovation category with its weld spatter product – Spatter Guard HT Plus – which reduced the amount of spatter caused when welding. Energy intensive methods, such as manual grinding and needle ...
Telecommunications group Telkom has appointed Ian Russell chief procurement officer, with effect from February 1, as it continues to strengthen its top leadership team. This follows the recent appointment of Len de Villiers as chief information officer and Enzo Scarcella as chief marketing officer. Telkom noted that it was still in the process of recruiting a chief technology officer.(Read Full Article)
Futuregrowth Asset Management is investing R165-million in five projects in round three of the Department of Energy's (DoE) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). This brought the total number of REIPPPP projects in which Futuregrowth was involved, through its Power Debt Fund (projects in round one and two) and its Development Equity Fund (round three projects) to 23, the company said on Wednesday. .(Read Full Article)
The energy-related proportion of Group Five’s R14.7-billion order book as of the end of October has increased to 39%, or R5.7-billion, with power projects comprising R3.4-billion and oil and gas developments the R1.9-billion balance. CEO Mike Upton says power, oil and gas are central to the group’s sector-based strategy, from which its geographical expansion is likely to follow, particularly into the rest of Africa, as well as Central and Eastern Europe.(Read Full Article)
Absa Corporate and Investment Banking (CIB) on Monday said it would provide R10.8-billion of debt funding to a total of six projects, comprising wind, solar photovoltaic (PV) and concentrated solar power (CSP), under the third round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Absa CIB committed about one-third of the total debt committed overall by South Africa’s commercial banks for the REIPPPP’s third bidding window, with the projects supported by Absa totalling a combined yearly power output of 635 MW.(Read Full Article)
JSE-listed speciality chemicals group AECI’s explosives division AEL Mining Services will look to grow and consolidate its South African market share, while reducing its local cost base and advancing its international expansion strategy. At an investor day on Wednesday, AEL CEO Schalk Venter said the bulk emulsion explosives business had deliberately and substantially grown its share of the surface opencast mining market in the country, as it continued its strategic alignment with South Africa’s narrow reef sector.(Read Full Article)
Following the acquisition of project house TWP by Australia-based WorleyParsons earlier this year, the global project delivery company has announced that former TWP Holdings CEO Digby Glover has been appointed CEO of WorleyParsons South Africa. Glover, who had been employed by the TWP group since 2001, had occupied the role of WorleyParsons South Africa COO for the last eight months, which sub-Saharan Africa MD Francis McNiff said made him the most suitable candidate to lead the combined South African business after integration.(Read Full Article)
Energy Minister Dikobe Ben Martins says it is premature to say for certain that further renewable-energy projects will be added to the list of 17 preferred projects, collectively valued at R44-billion, already confirmed following a highly competitive third-bidding round. However, he stressed that the matter was receiving serious consideration and that a decision would be made in the not too distant future, following and internal assessment.(Read Full Article)