RSS Engineering News

  • Wilderness water pipeline collapses 14th Oct 2019
    The main water pipeline transporting water from George to the Wilderness area has collapsed and fallen into the sea, Western Cape Local Government, Environmental Affairs and Development Planning Minister Anton Bredell said on Monday. The pipeline was attached below the existing walkway over the Kaaimans bridge.
  • Absa appointed as joint bookrunner in first dollar corporate social bond 14th Oct 2019
    Absa Corporate and Investment Banking (CIB) was recently appointed by Bayport Management to be the joint bookrunner in the first ever dollar-denominated social bond to be issued by a corporate in Africa. The $260-million senior unsecured social bond, which is due in 2022, was heavily oversubscribed, which the statement said “reflects investors’ recognition of the […]
  • Long4Life records reasonable interim performance in tough environment 14th Oct 2019
    JSE-listed Long4Life delivered a reasonable performance for the six months ended August 31, given the difficult trading environment. Revenue increased by 20% year-on-year to R1.84-billion, while gross profit increased to R718.9-million, compared with the R627.5-million gross profit reported for the six months ended August 31, 2018.
  • African govts putting regulations in place to make free trade pact a success – Ramaphosa 14th Oct 2019
    African governments are putting regulations and mechanisms in place to ensure the success of a recently signed continental free trade area, including easing customs controls, developing regulations on the cross border movement of people, reforming taxation and intellectual property regimes and improving anti-corruption legislation, South African President Cyril Ramaphosa said on Monday. The free trade […]
  • There’s no quick fix for South Africa’s hobbled tax agency 14th Oct 2019
    The new head of South Africa’s tax agency says rebuilding the organization will be a long haul after management was “dismantled” and it lost public trust. “In the five months I’ve been there we’ve done a significant amount of work, but it’s not a one-trick pony -- it’s a multi-dimensional, multifaceted piece of work,” South […]
  • SAA in talks with potential partners 14th Oct 2019
    Embattled State-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday. The economy of the African continent's most industrialised nation has come under ever growing pressure as the government grapples with lacklustre growth, high unemployment and a heavy debt burden, especially from state-owned […]
  • Ramaphosa says state capture cost SA more than R500bn, overseas criminals will be brought to book 14th Oct 2019
    State capture possibly cost the country more than R500-billion, President Cyril Ramaphosa has told a gathering of international investors. The president was speaking at the Financial Times Africa Summit in London on Monday. Responding to questions following his delivery of the opening address, Ramaphosa weighed in on efforts to rid the country of corruption and […]
  • Ramaphosa in London to woo business 14th Oct 2019
    President Cyril Ramaphosa said to attract investment government needed to make it easier to do business in South Africa, citing that investors are looking for countries that can provide stable and sustained returns, while minimising risks and cost. Ramaphosa was speaking in London, at the 2019 Financial Times Africa Summit, a gathering of business people, […]
  • B2Gold approves $3m hybrid energy project for Mali mine 14th Oct 2019
    Canadian gold miner B2Gold has approved the $3-million implementation of an offgrid solar battery hybrid system at its Fekola mine, in Mali. Construction is set to start at the end of this year, with completion scheduled for August 2020.
  • Redefine to start search for new COO 14th Oct 2019
    JSE-listed Redefine Properties’ COO David Rice will retire on August 31, 2020, after more than a decade of service. Rice has been responsible for helping drive leasing and asset improvement goals for the company and has over 30 years’ experience in the property sector, the real estate investment trust said on Monday.