Engineering News

Nine recommended improvements should charter renegotiation ensue


The agreed suspension of the implementation of the controversial Mining Charter Three may present an opportunity for the parties to negotiate a revised version that reflects terms acceptable to all parties. If so, the renegotiated charter should contain at least nine improvements, say Herbert Smith Freehills lawyers Peter Leon and Patrick Leyden.

Source: Engineering_News
URL: Nine recommended improvements should charter renegotiation ensue

Madza South Africa recalls 19 000 vehicles over potentially defective airbags


Vehicle manufacturer Mazda South Africa is recalling up to 19 000 Mazda2, Mazda6 and RX-8 vehicles in South Africa as a formal global recall over possible defective airbags is extended. Owners of 2003 and newer models of Mazda2, Mazda6 and RX-8 vehicles with VIN numbers starting with MM6DE, JM6GG and JMZSE have been urged to approach Madza dealers to  have the driver-side air bag and/or passenger-side air bag inflator replaced with an improved unit.

Source: Engineering_News
URL: Madza South Africa recalls 19 000 vehicles over potentially defective airbags

Heriot to list on AltX


The JSE has granted real estate investment trust (Reit) Heriot a listing of all its issued ordinary shares in the diversified Reit’s sector on the AltX, effective July 24. Heriot is a newly incorporated company and has been established for the purposes of creating a listed property fund that will acquire and develop properties either directly or through subsidiaries and joint ventures.

Source: Engineering_News
URL: Heriot to list on AltX

Eicher Trucks’ medium-duty hauler to be followed by heavy truck, bus launch


This first phase of VE Commercial Vehicles South Africa’s (VECV SA’s) entry into South Africa will see the introduction of the Eicher medium-duty Pro 3000 series. The 8.5 t gross vehicle mass (GVM) haulage trucks (4 t to 5 t payload) will be followed by the launch of the heavy-duty Pro 6000 range, which includes freight carriers and a 10 m3 construction tipper.

Source: Engineering_News
URL: Eicher Trucks’ medium-duty hauler to be followed by heavy truck, bus launch

DTI supporting black emerging filmmakers through R100m in incentives


The Department of Trade and Industry (DTI) has, through its South African Emerging Black Filmmakers Incentive, committed R100-million to supporting emerging black filmmakers by the end of March 2018.   The DTI has partnered with the Industrial Development Cooperation, the National Film and Video Foundation, the South African Broadcasting Corporation and provincial film commissions to assist filmmakers.   “Partnership with these institutions will yield positive results and we will see more productions being supported. We are planning to host intense workshops in various provinces to assist filmmakers in accessing this support,” DTI film production director Nelly Molokoane said at the Durban International Film Festival which is being held from July 13 to 28. She added that, to date, the incentive scheme has supported 40 projects from emerging filmmakers.

Source: Engineering_News
URL: DTI supporting black emerging filmmakers through R100m in incentives

Lonmin boosts turnaround on upped output, suffers fatalities


In the three months to June 30, platinum mining major Lonmin recorded lower unit costs and higher net cash on improved production and rising sales – but suffered two fatalities in a quarter when the overall injury level was on a firmly downward trajectory. On sustaining the company’s financial turnaround, CEO Ben Magara said: “We continue to find levers to pull, even in the lower-for-longer platinum price environment.”

Source: Engineering_News
URL: Lonmin boosts turnaround on upped output, suffers fatalities

Black-led energy investment firm encouraged by moves to restore IPP policy certainty


The head of a black-managed and led JSE-listed energy investment company says he is encouraged by the framework outlined by Finance Minister Malusi Gigaba for re-establishing policy certainty for the electricity sector and for independent power producers (IPPs). IPPs have been left in limbo since early 2016 when Eskom indicated that it would no longer sign new power purchase agreements for projects procured by government in 2015. As a result, 38 solar and wind projects with a collective investment value of nearly R60-billion have been left undeveloped, while the future of South Africa’s much-vaunted Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has been thrown into doubt.

Source: Engineering_News
URL: Black-led energy investment firm encouraged by moves to restore IPP policy certainty

Water and sanitation department DG given notice of intention to suspend him – DWS


Water and sanitation department director general Dan Mashitisho has been given a notice of intention to suspend, subject to him providing reasons as to why he should not be suspended, the ministry said on Sunday. Water and Sanitation Minister Nomvula Mokonyane had “requested the DG to provide these reasons based on transgressions considered serious by the minister, as per the the minister’s correspondence to the DG”, her spokesperson Mlimandlela Ndamase said.

Source: Engineering_News
URL: Water and sanitation department DG given notice of intention to suspend him – DWS

Eskom refutes cash-crunch reports


South African power producer Eskom is not facing liquidity challenges, the utility said on Sunday, after media reports alleging it would be unable to pay salaries by November. Eskom, which produces nearly all of the electricity in Africa’s most industrialised economy and exports energy to neighbouring States such as Namibia, is backed by more than $10-billion in government guarantees.

Source: Engineering_News
URL: Eskom refutes cash-crunch reports

Platinum’s plight under Ministerial spotlight


Mineral Resources Minister Mosebenzi Zwane on Friday received a presentation from the Platinum Leadership Forum, led by CEOs of platinum mining companies operating in South Africa. According to a Department of Mineral Resources (DMR) release, the CEOs presented on the current state of the platinum sector and proposed possible solutions and areas for collaboration with the DMR.

Source: Engineering_News
URL: Platinum’s plight under Ministerial spotlight

South African Brian Joffe's Long4Life buys a beauty salon chain


Brian Joffe, one of South Africa’s most respected dealmakers, will buy a beauty salon chain, his new company Long4Life said on Friday, marking a return to the acquisition trail for the billionaire founder of industrial conglomerate Bidvest Group. The cash-and-share deal would be the second announced acquisition in as many weeks by Long4Life, an investment holding company started earlier this year when Joffe stepped down as chief executive of Bidvest.

Source: Engineering_News
URL: South African Brian Joffe’s Long4Life buys a beauty salon chain

Nissan to launch ProPilot technology with the Leaf


Vehicle manufacturer Nissan plans to launch its latest ProPilot Park technology with the new range of Nissan Leaf vehicles in September. The new Leafs will be the first in the automaker’s global product line-up equipped with ProPilot Park, which helps drivers park by automatically guiding the car into a parking spot.

Source: Engineering_News
URL: Nissan to launch ProPilot technology with the Leaf

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