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Biofuels boom waits on paperwork

Seven years after a government feasibility study showed a biofuels industry in South Africa could create tens of thousands of new jobs, the paperwork needed to establish it remains outstanding. Briefing MPs on Wednesday, the energy department's chief director for clean energy, Mokgadi Modise, said the original target of producing 400 million litres of biofuels a year, from the 2013 financial year on, "will be missed".

Authors: Dubai Engineering Jobs Admin

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Black investors own 21% of JSE’s top 100 firms

Black investors hold at least 21% of the top 100 companies listed on the JSE, while the white participation level is 22%, research has revealed. Chandler & Associates research team head Trevor Chandler on Thursday said that the 21% includes 9% held directly, mostly through empowerment stakes, up from 8% last year, with a further 12% held through mandated investments, such as pension funds and unit trusts.

Authors: Dubai Engineering Jobs Admin

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Business confidence remains gloomy as strikes hurt

Business confidence in South Africa remained depressed in November, weighed down by the high level of strike action in the country, the South African Chamber of Commerce and Industry (Sacci) reported on Thursday. The organisation’s Business Confidence Index for November fell marginally to 91.7 points, from 92 points in October and was 5.7 points below last year’s November level.

Authors: Dubai Engineering Jobs Admin

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Buy your new car now, advises RMI, before 2013 price jumps

Retail Motor Industry Organisation (RMI) CEO Jeff Osborne on Monday warned that South Africans should not wait too long before they “start thinking of buying a new car”. He noted that the RMI, representing 14 sectors in the local automotive industry, believed new vehicle sales would rise by 8% in 2013 over 2012. The market grew 9.2% in 2012 over 2011.

Authors: Dubai Engineering Jobs Admin

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Cabinet approves Infrastructure Development Bill

Cabinet has approved the gazetting of a new Bill aimed at fast-tracking and enhancing the coordination of South Africa’s planned strategic infrastructure projects (Sips). The Infrastructure Development Bill, which would be gazetted for public comment, would ensure the continued existence of the Presidential Infrastructure Coordinating Commission (PICC), acting Cabinet spokesperson Phumla Williams said.

Authors: Dubai Engineering Jobs Admin

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Cabinet decision perplexes satellite company, casts shadow over its future

The future of South Africa’s specialist microsatellite and related systems manufacturing company Sun Space and Information Systems (Sunspace) is now uncertain, following the publication, on the government information website on Thursday, of the Statement on the Cabinet meeting held the previous day, Wednesday October 10, 2012. Recently, then Science and Technology (now Home Affairs) Minister Naledi Pandor confirmed that, back in March, the South African government had decided in principle to take a majority equity stake in the company. “This in-principle decision was subject to the presentation of a business case highlighting (i) the value proposition of the equity transaction to government and (ii) how SunSpace would be sustained over the long-term,” she explained. “For this purpose two studies were commissioned.” The Cabinet meeting statement released on Thursday includes a short section entitled “Outcome of the investigation into the proposal for Government to acquire an equity stake in Sunspace (Pty) Ltd”. This passage reads, in full: “Cabinet received and accepted the outcomes of the investigation on government acquiring a majority equity stake in Sunspace. Cabinet approved that negotiations be entered into with South African National Space Agency (SANSA) – an entity owned by State – to explore the absorption of the core capability of Sunspace into SANSA. This will ensure the strengthening of satellite and manufacturing capability within SANSA.”

Authors: Dubai Engineering Jobs Admin

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Cell C targets businesses

Telecommunications group Cell C on Friday said it was targeting the business market with a range of new products. The group, which challenged rivals to what was dubbed the “mobile price wars” in the consumer market, now aimed to deliver a new series of products and services designed for high-end consumers and business users, said Cell C CEO Alan Knott-Craig.

Authors: Dubai Engineering Jobs Admin

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Clover, Nestlé merge water, ice tea operations

JSE-listed Clover on Friday announced that it would acquire Nestlé South Africa’s Doornkloof property, bottled water manufacturing facility and water rights for R58-million in shares in a new joint venture entity it was establishing with Nestlé. The new entity, to be called Clover Waters, would hold the right, by way of licence, to manufacture, distribute, market and sell bottled mineral water under Nestlé’s Pure Life, Valvita and Schoonspruit brands, as well as ice tea under the Nestea brand.

Authors: Dubai Engineering Jobs Admin

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CMH reports 51.5% growth in 2012 headline earnings

JSE-listed Combined Motor Holdings (CMH) recorded a 51.5% increase in headline earnings a share to 183.9c for the year ended February, boosted by net finance charges that grew by 26% off a low base and a reduced tax rate of 24%, down from 27%. This represented a 25.4% return on shareholders' funds, compared with a 20.8% return the previous financial year. The figures included a one-off receipt of R21.2-million in dividend income, which accrued as a result of the change in the taxation of dividends and would not be repeated.

Authors: Dubai Engineering Jobs Admin

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Coega unveils plans for tooling cluster

State-owned entity Coega Development Corporation (CDC) has unveiled plans to build a tooling cluster in zone 2 of the Coega Industrial Development Zone (IDZ). The proposed cluster would provide a “pull factor” for tooling investors, aimed at providing jobs for trainees from the National Tooling Initiative training already rolling out at the Coega Training Centre located in the Coega IDZ’s zone 4, CDC head of marketing and communications Ayanda Vilakazi said on Friday.

Authors: Dubai Engineering Jobs Admin

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  2. Communications DG on special leave
  3. Competition Tribunal approves East Rand Mall acquisition
  4. Creamer Media publishes Iron-ore Roundup for December 2012/January 2013 report
  5. Deadline for Chevening Scholarships extended to March
  6. Deepening strikes hit Shell fuel deliveries
  7. Doubt over local government capacity to deliver – survey
  8. DTI, Bank of Tokyo agree to cooperate on industrial, econ development
  9. E-toll meeting to resume next week
  10. ECC to consider inputs on farmworkers' wages
  11. Eskom eyes African hydropower, transmission prospects
  12. Eskom gears up to start Sere wind farm construction in April
  13. Eskom meets with coal suppliers, calls for new supply ‘pact’
  14. Eskom outlines plan to trim unplanned outages to 10%
  15. Eskom sets up school to train specialist welders
  16. Eskom to submit tariff application within weeks
  17. Farmers worry over Eskom increase
  18. Fedusa to engage World Bank, IMF on labour issues
  19. Gigaba ‘deeply concerned’ strikes could spread to coal
  20. Global airports conference coming to SA
  21. Global steel production for March increases by marginal 1% y/y
  22. Honda back on track after 2011 crunch, budget Brio set to boost 2013 sales
  23. IMF says Kenyan economy likely to grow by up to 6% in 2013
  24. Infrastructure plan should not be impacted by slowdown
  25. International organisations commit to improved information-sharing efforts
  26. Ipsa enters new talks as sale of last two turbines fails
  27. Italtile reports 15% growth in profit despite slower spending
  28. Kia opens solar-powered dealership; faces stock crunch in 2013
  29. Labour law amendments to be finalised by year-end
  30. Licensing Bill attracts more criticism
  31. MEIBC member verification process to be finalised by end-Feb
  32. Mercedes-Benz seeks to expand customer base with 2013 A-Class
  33. Mining community sought to serve as industry model
  34. More SA companies commit to UN Global Compact
  35. Mpact expects share earnings to soar
  36. MTN aims to grow entry-level data use
  37. Municipalities to be hard hit – Salga
  38. Namibia central bank holds rates steady, GDP growth to slow
  39. Nampak to spend R1.6bn on glass, beverage can expansion projects
  40. NDP expected to be main thrust of SoNA
  41. Nestle Nigeria hits new all time high on dividend hopes
  42. New Denel contract with SAAF confirmed – 384 skilled jobs to go
  43. Nigeria says to fix Port Harcourt refinery in April-May
  44. Nkandla controversy based on 'misperceptions' – Nxesi
  45. No more govt support in the offing – Eskom
  46. NWU to spend R380m on infrastructure upgrades
  47. NWU, DTI open R4m fluid extraction lab
  48. Nzimande pleads with business to train students
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  50. PPC to fund cement, concrete R&D initiatives
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  53. Pule claims smear campaign is politically, business-motivated blackmail
  54. R860bn already spent on infrastructure, as Zuma warns of contractor crack down
  55. Rand to return to 'appropriate' level
  56. Relax labour regulations, says FMF’s Mashaba
  57. Renault hopeful new Clio will be this year’s comeback kid
  58. Risks in emerging Europe recede as eurozone outlook stabilises
  59. SA Corporate Real Estate awards property management contract to Broll
  60. SA January inflation slows to 5.4% y/y
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  62. SA moves to shore up African ‘gateway’ status amid concerns
  63. SA petrol price to rise by 7%
  64. SA should vote on e-toll issue – law expert
  65. SA to reach nuclear 'point of no return' by June
  66. SABMiller CEO's successor to get less boost from deals
  67. Sacci finds ‘procedural missteps’ in BBBEE codes consultation
  68. Sacci to approach National Treasury with its PPP concerns
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  73. Sumbandila provided lessons for next SA satellite
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  76. Union federation wants Defence Minister to intervene in Denel Aviation retrenchments
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  79. Wage talks in truck driver strike collapse
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