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Association calls for more small-scale embedded generation as load-shedding persists 

By: Simone Liedtke     Updated 7 hours ago The most recent bout of load-shedding in the country has provided further evidence of embattled power utility Eskom’s “increasing inability to supply the level of electricity required” by South Africa’s households and industries, the South African Photovoltaic Industry Association (SAPVIA) said... 

Association calls for more small-scale embedded generation as load-shedding persists

Load-shedding raises risk of another South African recession 

By: Bloomberg     Updated 7 hours ago South Africa’s flagging economy could face a second recession in as many years due to a new wave of nationwide power cuts. Eskom Holdings, the State-owned power utility seen by Goldman Sachs Group as the biggest threat to the country’s economy, started a fifth day of rolling blackouts on Monday... 

Minister calls for tangible suggestions from construction stakeholders 

By: Marleny Arnoldi     Updated 6 hours ago Public Works and Infrastructure Minister Patricia de Lille on Monday requested that the Construction and Industry Development Board (CIDB) resubmit a report containing industry views on issues faced by the industry and recommendations on how to solve those issues by the first week of March. The... 

Minister calls for tangible suggestions from construction stakeholders
Public Works and Infrastructure Minister Patricia de Lille

Mbalula dissolves PRASA interim board, places it under administration 

By: News24Wire      9th December 2019 Transport Minister Fikile Mbalula has dissolved the interim board of the Passenger Rail agency of South Africa and placed the struggling State-owned entity under administration with immediate effect. Bongisizwe Mpondo has been appointed as its administrator. Mbulala on Monday described Mpondo as... 

Mbalula dissolves PRASA interim board, places it under administration
Photo by Creamer Media's Dylan Slater
Transport Minister Fikile Mbalula

Ramaphosa: We will take drastic steps to save State companies – just look at SAA

By: News24Wire      9th December 2019 President Cyril Ramaphosa used his weekly newsletter to say that the implementation of business rescue at South African Airways is a sign that government was prepared to take "drastic steps" to save South Africa’s ailing State-owned entities.  The resolve we have shown in putting SAA into... 

 Ramaphosa: We will take drastic steps to save State companies – just look at SAA
President Cyril Ramaphosa

What now for R1.1bn settlement SAA has with Comair?

By: News24Wire      9th December 2019 Comair has said it is still too early to speculate about what will happen to outstanding payments it is owed by South African Airways as part of a R1.1-billion legal settlement. The airline, which operates its own low-cost carrier kulula.com as well as British Airways in South Africa under a... 

 What now for R1.1bn settlement SAA has with Comair?

SAA may only get 5% of money owed by Zimbabwe

By: Bloomberg     9th December 2019 South African Airways, the national airline that’s entered a form of bankruptcy protection, may only be offered 5% of the $60-million that its owed by neighbouring Zimbabwe in funds from ticket sales and hasn’t been able to extract from the country. The central bank’s Monetary Policy Committee... 

FNB/BER Civil Confidence Index finds ‘some life’ within construction sector

By: Marleny Arnoldi     9th December 2019 First National Bank (FNB) and the Bureau for Economic Research (BER) says construction activity has continued to improve in the fourth quarter of the year. The higher activity lifted the FNB/BER Civil Confidence Index to 22, from 15 in the third quarter. 

Creecy reiterates that Africa needs financial assistance for damages caused by extreme weather

By: African News Agency      9th December 2019 South African Environment, Forestry, and Fisheries Minister Barbara Creecy has reiterated that the mandate of the African Ministerial Conference on the Environment (AMCEN) in this year's United Nations (UN) climate change conference is making sure that Africa has access to funds for loss and... 

Transnet reiterates commitment to developing East London port

By: Simone Liedtke     9th December 2019 Transnet National Ports Authority (TNPA) has reiterated its commitment to developing the Port of East London in a bid to support economic growth in Buffalo City. The announcement was made during an address at the recent Buffalo City Investment Conference in East London, an initiative of the... 

Task team established to relieve congestion at Cape Town port: Maynier

By: African News Agency      9th December 2019 Western Cape member of the executive council (MEC) for economic affairs David Maynier on Monday said he has established a task team to solve ongoing congestion in the Cape Town port. "We are concerned by the significant issues at the Port of Cape Town particularly with regards to congestion at... 

SAHRC finds some Mpumalanga municipalities violating the Constitution

By: Creamer Media Reporter      9th December 2019 The South African Human Rights Commission (SAHRC) in Mpumalanga on Monday said it had determined that some municipalities were violating Sections 24(a) and 10 of the Constitution owing to a continued failure to effectively address the challenges of sewage spillages and the inadequate treatment of... 

SAHRC finds some Mpumalanga municipalities violating the Constitution

Altron to buy next-gen IT security services provider

By: Natasha Odendaal     9th December 2019 Allied Electronics (Altron) has entered into a R360-million deal to buy identity security provider Ubusha Technologies to strengthen its existing capability in the information technology (IT) security market. Through subsidiary Altron TMT, the group inked a share sale agreement with Ubusha... 

Atterbury completes R340m mall development in Mauritius

By: Simone Liedtke     9th December 2019 Property developer and investor Atterbury has completed the development of the R340-million Bo’Valon Mall, in Mahebourg, Mauritius. The mall is a joint venture (JV) between Atterbury and EnAtt and takes its name from the village it is located in in, Beau Valon, which means “beautiful valley”. 

Atterbury completes R340m mall development in Mauritius
External view of Atterbury’s Bo’Valon Mall in Mauritius

DBSA concludes $81.3m loan facility for Mozambique power utility

By: Simone Liedtke     9th December 2019 Mozambique’s national utility Electricidade de Mocambique (EDM) has received a senior loan debt facility of $81.3-million from the Development Bank of Southern Africa (DBSA) for the rehabilitation and upgrade of the country’s energy supply network. This financing support is in line with... 

IMF says $10bn Congo budget unrealistic as mining slows

By: Bloomberg     9th December 2019 The International Monetary Fund (IMF)said the Democratic Republic of Congo’s proposed $10.2-billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines. The government is seeking a budget of 16.9-trillion francs ($10.2-billion) next year, with revenue expected... 

Britain's Tullow Oil shares plunge over 50% as CEO resigns

By: Reuters     9th December 2019 Tullow Oil shares more than halved on Monday as CEO Paul McDade stepped down and the energy company scrapped its dividend after failing to meet production targets due to weak performance by flagship assets in Ghana. The company has been plagued by technical problems at its Jubilee field in Ghana... 

Afarak warns of retrenchments at South African subsidiaries 

By: Simone Liedtke     Updated 6 hours ago Specialist alloy producer Afarak has said two of its South African subsidiaries – Afarak Mogale and Ilitha Mining – might retrench some employees. The subsidiaries have issued a notice, in terms of Section 189 of the Labour Relations Act, to start to a 90-day period of consultations with workers... 

Finally, Australians' electricity bills look set to fall. Here's how much you could save

9th December 2019 Household electricity bills in Australia have increased sharply in the past decade. But new official figures show they are projected to fall markedly - in some cases by 20%. In-house modelling we conducted at the Australian Energy Market Commission (AEMC) shows that a wave of new renewable energy... 

Finally, Australians' electricity bills look set to fall. Here's how much you could save

Eskom returns to Stage 4 load-shedding

By: African News Agency      9th December 2019 Eskom will return to Stage 4 load-shedding from 10am on Monday after losing more generating capacity, the power utility said. The company has said continuous rain over parts of the country has affected its coal stocks, compounding a crisis caused by unplanned breakdowns at power plants. 

 Eskom returns to Stage 4 load-shedding

SA defence industry cultivates interest in Egyptian market

By: African News Agency      9th December 2019 South African Aerospace, Maritime, and Defence Export Council (SAAMDEC) CEO Sandile Ndlovu has urged the South African defence industry to cultivate a healthy interest within the Egyptian market, as it is the biggest on the continent, spending well over US4 billion, the trade and industry... 

Power cuts to continue on Monday, with high risk for rest of week – Eskom

By: News24Wire      9th December 2019 Eskom announced on Sunday evening that stage 2 rotational power cuts would continue overnight and all day on Monday. The struggling power utility said it expected load-shedding to stop at 23:00 on Monday.  There is a high likelihood that power rationing will be implemented for the rest of the week.  

 Power cuts to continue on Monday, with high risk for rest of week – Eskom

Victoria Falls shrink to a trickle, feeding climate change fears

By: Reuters     6th December 2019 For decades Victoria Falls, where southern Africa's Zambezi river cascade down 100 metres into a gash in the earth, have drawn millions of holidaymakers to Zimbabwe and Zambia for their stunning views. But the worst drought in a century has slowed the waterfalls to a trickle, fuelling fears that... 

Transnet inks rail revitalisation agreement with Ghana

By: Simone Liedtke     6th December 2019 State-owned logistics company Transnet, led by chairperson Dr Popo Molefe, this week signed a rail revitalisation agreement with the Ghana Railway Company Limited (GRCL) and the Ghana Railway Development Authority (GRDA) that will result in the restoration of the Western Railway Line in Ghana.... 

Samancor to cut chrome ore, ferrochrome output

By: Creamer Media Reporter      6th December 2019 A continued deterioration in market conditions, depressed prices and higher electricity tariffs has prompted Samancor Chrome to reduce its chrome ore and ferrochrome production levels for 2020. It has not yet announced the extent of the planned production cuts. 

Aveng provides update on disposals

By: Simone Liedtke     6th December 2019 Global infrastructure and resources group Aveng on Friday reported on the status of several previously reported disposals. In relation to the Aveng Dynamic Fluid Control (DFC) disposal, announced in July, Aveng confirmed that all consents and conditions precedents have been fulfilled or waived,... 

Nersa to host hearings in February into Eskom’s latest R27.3bn claw-back claim 

By: Terence Creamer     6th December 2019 The National Energy Regulator of South Africa (Nersa) will host public hearings in February as part of its adjudication of Eskom’s latest Regulatory Clearing Account (RCA) application for the 2018/19 financial year. Eskom is looking to recoup R27.3-billion under the RCA mechanism, which is a... 

Nersa to host hearings in February into Eskom’s latest R27.3bn claw-back claim

Power cuts may last the weekend if rain persists

By: Reuters     6th December 2019 Many South Africans could be without electricity this weekend if rain continues, state power utility Eskom said on Friday, after announcing it would cut up to 4 000 MW of power as wet weather makes it difficult for power stations to use coal. Coal handling problems have led to generating units... 

Transnet delivers last batch of freight wagons to Mozambican rail operator in Uitenhage

By: African News Agency      6th December 2019 Transnet Engineering on Friday delivered the last batch of 100 locally manufactured freight wagons to Caminhos De Ferros De Mocambique (CFM), a Mozambique State owned railway operator.  The handover event was held in Uitenhage in the Eastern Cape, the company said. 

Opec+ agrees to redistribute oil cuts under Saudi pressure

By: Bloomberg     6th December 2019 Opec+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden. The group, which pumps more than half the world’s oil, agreed in Vienna on Friday to reduce its output target by 500... 

Fake PRASA 'Dr' Daniel Mthimkhulu loses bid for leave to appeal R5.7m judgment

By: News24Wire      6th December 2019 Fake PRASA 'Dr' Daniel Mthimkhulu loses bid for leave to appeal R5.7m judgment A former Passenger Rail Agency of South Africa (PRASA) executive, who was found to have lied about his qualifications, has lost his bid to appeal a High Court order that he should pay back R5.7-million he received from... 

CSIR, TIA partner to accelerate local technology development

By: Simone Liedtke     6th December 2019 The Council for Scientific and Industrial Research and the Technology Innovation Agency have announced a five-year partnership on accelerating technology development and commercialisation in the country. The two organisations on Friday signed a memorandum of agreement in this regard. 

CSIR, TIA partner to accelerate local technology development
CSIR CEO Dr Thulani Dlamini (left) and TIA interim CEO Fuzlin Levy-Hassen signing the MoU

Eskom to implement stage 4 load-shedding from 2pm 

By: News24Wire      6th December 2019 Eskom has confirmed that it will implement stage 4 load-shedding from 14:00 on Friday, despite already using diesel-powered open cycle gas turbines and pumped storage schemes to supplement capacity.  Stage 4 allows for up to 4 000 MW - just under 10% of Eskom's nominal capacity - to be cut from... 

Eskom to implement stage 4 load-shedding from 2pm

Apple buys first carbon-free aluminium from Alcoa, Rio Tinto JV

By: Simone Liedtke     6th December 2019 Technology company Apple has bought the first-ever commercial batch of carbon-free aluminium from a joint venture (JV) between two aluminum suppliers. The metal is being made by Elysis, the Montreal-based JV of Alcoa and Rio Tinto. The JV was established last year, with $144-million in funding... 

Business rescue practitioner for SAA announced 

By: Rebecca Campbell     6th December 2019 The Companies and Intellectual Property Commission (CIPC) has appointed a business rescue practitioner for State-owned South African Airways (SAA), the airline announced on Friday. He is Les Matuson from Matuson Associates. “The company is officially in business rescue,” stated SAA in its press... 

Business rescue practitioner for SAA announced

Air transport is a key industry, and SAA has a big impact, says industry body 

By: News24Wire      6th December 2019 President Cyril Ramaphosa's decision to have South African Airways placed under immediate business rescue should provide some security and clarity for South Africa's air transport, trade, logistics, travel and tourism sectors, according to the Airlines Association of Southern Africa.  AASA would... 

 Air transport is a key industry, and SAA has a big impact, says industry body

Load-shedding to resume on Friday, continue overnight – Eskom

By: News24Wire      6th December 2019 After instituting rotational power cuts overnight, Eskom announced on Friday morning that stage 2 load-shedding would again start at 09:00 and continue until 06:00 on Saturday morning.  Stage 2 load-shedding allows for up to 2 000 MW to be cut from the national grid. 

Load-shedding to resume on Friday, continue overnight – Eskom

Opinion: Blazing Africa’s smartphone trail

By: Martin Zhuwakinyu     6th December 2019 In this opinion piece, Creamer Media Senior Deputy Editor Martin Zhuwakinyu writes about efforts to close the digital divide between Africa and the rest of the world. Three events in the past few weeks will go some way towards closing the digital divide between Africa and other continents. 

Opinion: Blazing Africa’s smartphone trail

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