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DMRE’s promise of urgent action on power supply fails to include timelines

By: Terence Creamer     10th December 2019 The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon.... 

DMRE’s promise of urgent action on power supply fails to include timelines
Photo by Creamer Media's Dylan Slater
Mineral Resources and Energy Minister Gwede Mantashe

'I am not the minister responsible for Eskom' – Mantashe says he is not to blame for blackouts

By: News24Wire      Updated 24 minutes ago Mineral Resources and Energy Minister Gwede Mantashe says South Africans should not blame him for Eskom's woes, pointing out that the power utility is actually part of Public Enterprises Minister Pravin Gordhan's area of responsibility. The minister, who faced widespread criticism this week, was... 

'I am not the minister responsible for Eskom' – Mantashe says he is not to blame for blackouts
Mineral Resources & Energy Minister Gwede Mantashe

Blackouts weighing heavily on business cycle - SACCI

By: African News Agency      Updated 3 hours ago South Africa's rotational blackouts are placing the country's prospects of economic recovery under severe pressure and weighing heavily on businesses, the South African Chamber of Commerce and Industry (SACCI) has said.  "We have received many complaints from businesses in the retail and other... 

Mining companies resuming operations after Stage 6 load-shedding impact

By: Marleny Arnoldi     Updated 1 hour 37 minutes ago JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20%... 

Mining companies resuming operations after Stage 6 load-shedding impact

Eskom’s Oberholzer: ‘Grid has been abused for far too long and we’re now reaping the reward’

By: News24Wire      Updated 1 hour 41 minutes ago South Africa's national electricity grid has been abused for too long and both Eskom and the country are now suffering the consequences of a management approach that all but ignored the health of the system. "The electricity system has been abused for far too long. For at least ten years the... 

 Eskom’s Oberholzer: ‘Grid has been abused for far too long and we’re now reaping the reward’
Eskom COO Jan Oberholzer

Metair completes Romanian battery factory, mulls sale of energy storage business

By: Marleny Arnoldi     Updated 1 hour 35 minutes ago JSE-listed automotive components maker Metair has successfully completed the installation of the company’s first lithium-ion battery cell manufacturing and assembly facility in Bucharest, Romania. The facility will start producing cells from the second quarter of next year, at a capacity of... 

Icasa to review end-user charter’s impact

By: Natasha Odendaal     Updated 27 minutes ago The Independent Communications Authority of South Africa (Icasa) plans to investigate whether the amended End-user and Subscriber Service Charter Regulations are being adhered to. The authority is calling for public comments and submissions, within 30 days, on its intention to undertake a... 

Industry bodies call for increased renewables to help bridge power supply constraints 

By: Marleny Arnoldi     10th December 2019 The South African Wind Energy Association has called for the immediate release of available wind power into the national grid, as the country continues to face daily load-shedding. After days of implementing Stage 1 to Stage 4 power cuts, State-owned Eskom on Monday evening implemented... 

Industry bodies call for increased renewables to help bridge power supply constraints

SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion

By: News24Wire      Updated 3 hours ago While the South African National Defence Force (SANDF) was unable to maintain the Thaba Tshwane military base in Centurion due to "predominantly a lack of funds", it has managed to find the cash to spend R20.5-million on "luxury vehicles", valued at over R600 000 each, for senior management in... 

SANDF splashes R20.5m on luxury German cars, but says funding shortfall is impacting on maintaining military base in Centurion
Defence & Military Veterans Minister Nosiviwe Mapisa-Nqakula

Newly appointed South African army chief dies

By: African News Agency      Updated 1 hour 18 minutes ago The chief of the South African army, lieutenant-general Thabiso Collin Mokhosi, died on Tuesday morning at Unitas Hospital following a short illness.  Mokhosi was promoted to the position on November 1.  

Manufacturing declines at slower pace in October 

By: Marleny Arnoldi     10th December 2019 Manufacturing output continued to decrease in October, albeit at a slower pace of 0.8% year-on-year, following a 2.4% year-on-year dip in September. The sector recorded growth of 2.7% on a seasonally adjusted month-on-month basis, from -2.4% in September.  

Productivity SA releases 2019 stats with renewed political support

By: Schalk Burger     10th December 2019 Statistical agency Productivity South Africa (SA) on Tuesday released the 2018/19 productivity statistics report, with Productivity SA chairperson Professor Mthunzi Mdwaba noting renewed political support and funding to fulfil the agency's mandate to support growth, employment and productivity to... 

Tongaat starts seeing green shoots as business restructuring progresses

By: Marleny Arnoldi     10th December 2019 Sugar producer Tongaat Hulett managed to contain headline losses at R923-million for the financial year ended March 31. This is slightly lower than the headline loss of R947-million reported for the year ended March 31, 2018.  

Tongaat starts seeing green shoots as business restructuring progresses

FairPlay again asks for Brazilian chicken import ban

By: Marleny Arnoldi     10th December 2019 Nonprofit trade movement FairPlay has welcomed the food-safety-related prosecutions of 11 former employees of Brazilian poultry processor BRF SA. BRF was under criminal investigation by Brazilian federal prosecutors for allegedly evading food safety checks, leading to the employees, including... 

FairPlay again asks for Brazilian chicken import ban

Erik Smuts to succeed De Ruyter as Nampak CEO

By: Creamer Media Reporter      10th December 2019 Packaging product manufacturer Nampak has appointed Erik Smuts as CEO designate. He will take over as CEO on January 15, when outgoing CEO Andre de Ruyter takes up the position of CEO at power utility Eskom. 

BMW boss elected as new Naamsa president

By: Irma Venter     10th December 2019 The National Association of Automobile Manufacturers of South Africa (Naamsa) has elected BMW Group South Africa and sub-Saharan Africa CEO Tim Abbott as its new president. He will serve a two-year term. 

BMW boss elected as new Naamsa president
Tim Abbott

South African nuclear industry body announces new president

By: Rebecca Campbell     10th December 2019 The Nuclear Industry Association of South Africa (Niasa) announced, on Tuesday, that it had appointed a new president, with effect from this month. He is Professor Itumeleng Mosala. The association has also appointed two special advisers to its board, namely Dr Pali Lehohla and Silas Zimu. “Prof... 

4IR could lead to ‘profound changes’, says German embassy

By: Simone Liedtke     10th December 2019 The Fourth Industrial Revolution (4IR) would “radically transform the working environment” and affect almost every industry and country and, in so doing, lead to “profound changes in systems, production and government”, Embassy of the Federal Republic of Germany to South Africa cooperation head... 

4IR could lead to ‘profound changes’, says German embassy
Photo by Creamer Media's Dylan Slater
Embassy of Germany cooperation head Fabian Kyrieleis

Sluggish economic growth affecting companies' hiring plans – survey

By: Simone Liedtke     10th December 2019 South African employers have reported soft hiring intentions for the first quarter of 2020. The latest ManpowerGroup Employment Outlook Survey shows that while 10% of employers forecast an increase in payrolls, 8% anticipate a decrease and 81% expect to make no changes. 

African countries borrowing like it’s the 1990s worries the IMF

By: Bloomberg     10th December 2019 Record commodity prices and low global interest rates have encouraged African countries to borrow like they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth. Government debt as a percentage of gross domestic product in sub-Saharan Africa... 

Western Cape’s first property report provides ‘one stop shop’ guide for investors

By: Marleny Arnoldi     10th December 2019 The Western Cape's trade promotion agency Wesgro has launched an inaugural report on the province’s property market, which it says provides a comparative analysis on commercial office, retail, industrial and residential property for sale or to rent. Wesgro CEO Tim Harris said in a statement on... 

Income redistribution no ‘silver bullet’ for inequality, UN says

By: Bloomberg     10th December 2019 Inequality has spread through so many areas of life that tilting tax systems in favor of the less well-off won’t be enough to address the gap, a new UN report said. While a full redistributive package that includes more progressive income taxes and earned income discounts at low income levels... 

Carbon capture, storage seeing growing momentum

By: Simone Liedtke     10th December 2019 Carbon capture and storage (CCS) has seen growing momentum and increased ambition this year, says the Global CCS Institute. This vital suite of climate change technologies is expected to play a fundamental part in achieving the transition to a net-zero economy and help decarbonise... 

Retired Boeing manager will testify on 737 Max production fears

By: Bloomberg     10th December 2019 A former Boeing manager who raised concerns about poor-quality production of the 737 Max will testify Wednesday before a House committee investigating safety issues raised by two fatal crashes involving the plane. Ed Pierson warned senior Boeing colleagues in 2018 about what he said were... 

Edenville inks two key coal supply contracts

By: Simone Liedtke     Updated 47 minutes ago Aim-listed Edenville Energy has signed two new significant contracts to supply washed coal from the company’s flagship Rukwa coal project, in western Tanzania. The two contracts are for the supply of up to 6 000 t and up to 3 000 t, respectively, of washed coal a month to industrial customers in... 

Eskom implements Stage 2 load-shedding on Wednesday

By: News24Wire      Updated 2 hours 36 minutes ago Electricity company Eskom said it was implementing Stage 2 load-shedding until 11 pm on Wednesday as capacity remained constrained, albeit at a lesser level than earlier in the week, adding that the probability for further rolling blackouts remained high for the rest of the week. "Load-shedding... 

Eskom implements Stage 2 load-shedding on Wednesday

Eskom: Multiple systems failures but grid remains stable and ‘won’t collapse’

By: News24Wire      Updated 2 hours 56 minutes ago Eskom, the beleaguered national electricity utility, is suffering from multiple system failures at power stations around the country brought about by poor planning, old and malfunctioning infrastructure, an acute lack of skills and a loss of institutional expertise. Internal Eskom status updates... 

 Eskom: Multiple systems failures but grid remains stable and ‘won’t collapse’

Lurco's application against Koornfontein sale to be heard in January

By: Mamaili Mamaila     10th December 2019 Coal and chrome beneficiation and trading company Lurco Group is forging ahead with plans to take legal action against the sale of Koornfontein coal mine, with a new court date set for January 28, 2020.  Providing an update on the current status of the sale of the mine on Tuesday, the group noted... 

Ramaphosa cuts short Egypt trip over power crisis

By: Reuters     10th December 2019 President Cyril Ramaphosa cut short his state visit Egypt so he could return home and meet with utility Eskom, local news agency EWN said on Tuesday, over a deepening power crisis that has seen six straight days of nationwide blackouts. Opposition political party, the Democratic Alliance, and... 

Ramaphosa cuts short Egypt trip over power crisis

Mines halt operations countrywide as Eskom asks for 20% power savings 

By: News24Wire      10th December 2019 Several mining companies in South Africa have had to temporarily shut down domestic operations after receiving requests by Eskom to reduce their load on the national power system. This comes after Eskom instituted stage 6 load-shedding for the first time on Monday evening. Stage 6 was downgraded... 

Load-shedding could slash SA's GDP growth to just 0.3% – Intellidex

By: News24Wire      10th December 2019 At the start of 2019, the World Bank and other financial institutions predicted that South Africa's economy would grow at around 1.3% in 2019. This figure has been repeatedly downgraded, with the SA Reserve Bank anticipating growth of just 0.5% - below the GDP growth South African achieved in... 

 Load-shedding could slash SA's GDP growth to just 0.3% – Intellidex

Load-shedding: Cape Town warns that water supply may be intermittent at Stage 6

By: News24Wire      10th December 2019 Capetonians who are seeing red over load-shedding should also prepare for possible interruptions to their water supply should Eskom decide to move to Stage 6, it emerged on Tuesday. Citizens around the country were caught by surprise when the power utility moved to Stage 6 on Monday evening. On... 

Load-shedding: Cape Town warns that water supply may be intermittent at Stage 6

Flooding a major factor in move to stage 6 load-shedding – Eskom

By: News24Wire      10th December 2019 Eskom instituted stage 6 load-shedding for the first time at 6pm on Monday evening, leaving some municipalities scrambling to publish schedules for when the rotational power cuts would take place.  At 10pm Eskom announced that it was reverting back to stage 4 from stage 6. The stage 4 power cuts... 

 Flooding a major factor in move to stage 6 load-shedding – Eskom

Load-shedding forces South African miners to halt work

By: Bloomberg     10th December 2019 South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy. Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local time, meaning it cut 6 000 MW from the... 

Load-shedding forces South African miners to halt work

Water levels at world’s biggest dam sink to two-decade low

By: Bloomberg     10th December 2019 The Kariba dam has plunged to its lowest level since 1996, raising further risks to the hydropower plants that Zimbabwe and Zambia depend on for nearly half of their power. Water levels at the world’s largest man-made freshwater reservoir that straddles the two countries, fell to 10% of usable... 

Eskom powercuts having devastating impact on small businesses – UASA

By: African News Agency      10th December 2019 Rolling blackouts by State-owned electricity utility Eskom are hurting small businesses the most, as many cannot afford fuel-powered generators for alternative sources of energy, one of South Africa's oldest trade unions UASA has said. In a statement late on Monday, UASA spokesperson Stanford... 

Stage 4 load-shedding to continue until 11pm on Tuesday

By: News24Wire      10th December 2019 After implementing stage 6 load-shedding for the first time on Monday, Eskom says it will continue with stage 4 load-shedding on Tuesday until 11pm.  Stage 4 allows for up to 4 000MW to be cut from the national grid.  

 Stage 4 load-shedding to continue until 11pm on Tuesday

Afarak warns of retrenchments at South African subsidiaries 

By: Simone Liedtke     9th December 2019 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... 

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