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Wind and solar bodies urge Minister to urgently publish determinations needed to kick-start power procurement 

By: Terence Creamer     28th January 2020 The heads of South Africa’s wind and solar industry bodies urged Mineral Resources and Energy Minister Gwede Mantashe on Tuesday to publish, without delay, the Ministerial determinations required to unlock the procurement of much-needed electricity capacity in line with the Integrated Resource... 

Wind and solar bodies urge Minister to urgently publish determinations needed to kick-start power procurement

SAA gets R3.5bn in emergency funding from DBSA 

By: Reuters     28th January 2020 Cash-strapped state carrier South African Airways (SAA) will receive R3.5-billion of emergency funding from the government-owned Development Bank of Southern Africa, the airline's business rescue practitioners said on Tuesday. SAA is fighting for its survival after it entered a form of bankruptcy... 

SAA gets R3.5bn in emergency funding from DBSA

Cell C defaults on interest payment 

By: Natasha Odendaal     28th January 2020 JSE-listed Blue Label’s shares plunged on Tuesday after it announced embattled mobile operator Cell C’s default on the interest payment of a multibillion-rand note. The payment of interest on the $184-million, or about R2.7-billion, loan was due in December 2019, while interest and capital... 

Accelerator Lab to develop new solutions to South Africa’s challenges

By: Simone Liedtke     28th January 2020 A new Accelerator Lab has been launched in South Africa to provide a network and platform through which new solutions can be developed to mitigate and solve the challenges facing the country. Launched at the Council for Scientific and Industrial Research’s conference centre, in Tshwane, on... 

Accelerator Lab to develop new solutions to South Africa’s challenges
Photo by Creamer Media's Donna Slater
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Proposed inland port to change the Gauteng logistics landscape, says developer

By: Tasneem Bulbulia     28th January 2020 Investor and developer NT55 Investments believes the Distribution Junxion development – a proposed inland port and railway park in Gauteng – will transform the country’s rail and transport logistics landscape through its efficient supply chain performance and the considerable cost savings it will... 

Proposed inland port to change the Gauteng logistics landscape, says developer
Distribution Junxion Map

Black-owned SPSS clinches contract from Merc SA

By: Irma Venter     28th January 2020 Mercedes-Benz South Africa (MBSA) has awarded an enterprise and supplier development contract for bodyshop loader services to Specialised Productivity Support Solutions (SPSS). SPSS is a 100% black-owned enterprise, formed by two former employees from the MBSA Bodyshop Division. 

Numsa signs wage deal in motor retail, components sector

By: Schalk Burger     28th January 2020 The National Union of Metalworkers of South Africa (Numsa), which represents about 306 000 employees at automotive components companies, petrol stations and car dealerships, has signed a three-year wage agreement. Under the terms of the wage agreement, Numsa members employed by component... 

Labour unions reject 5% minimum-wage increase

By: Bloomberg     28th January 2020 South Africa’s biggest labour unions rejected a government proposal to increase the national minimum wage by 5%. Organized labor at the National Economic Development and Labour Council – a bargaining forum that has government, business, labor and community representation – wants wages raised by... 

AA projects fall in fuel prices for February as global oil price declines

By: News24Wire      28th January 2020 The Automobile Association has said that global declines in the price of oil since the second week of 2019 will likely give South African motorists a breather for February. According to its projections, 95 Octane petrol will drop by around 13 cents a litre, 93 Octane petrol will drop by 4 cents... 

 AA projects fall in fuel prices for February as global oil price declines

Just Share says Discovery can do more on climate change

By: Marleny Arnoldi     28th January 2020 Shareholder activism organisation Just Share director Tracey Davies says financial services company Discovery’s CEO Adrian Gore oversimplifies the problem of climate change. She makes the comments in response to a recent post by Gore on social media, entitled ‘Climate change is a behavioural... 

Just Share says Discovery can do more on climate change
Discovery CEO Adrian Gore

Delayed govt payments forcing contractors out of business – Databuild

By: African News Agency      28th January 2020 The South African government’s failure to pay building contractors on time or to even pay them at all, sometimes, is one of the major causes of job losses in the construction sector, an industry executive said on Tuesday. Databuild CE Morag Evans said many companies, particularly small, medium... 

Audi cars aim to ride wave of green traffic lights in Germany

By: Irma Venter     28th January 2020 German premium car maker Audi has expanded its networked traffic light project from Ingolstadt to Düsseldorf. At the end of January, Audi drivers in Düsseldorf will see information from around 150 traffic lights in their cockpit, thus increasing their chance of catching a wave of green traffic... 

Audi cars aim to ride wave of green traffic lights in Germany

UK to allow Huawei to participate in 'noncore' elements of country’s 5G network

By: Rebecca Campbell     28th January 2020 The British government announced on Tuesday that Chinese telecommunications giant Huawei will be allowed to participate in the creation of the UK’s fifth-generation (5G) broadband telecommunications network. This despite strong lobbying from the US government to exclude Huawei. However, for... 

Airbus reports agreement with authorities regarding various charges against it

By: Rebecca Campbell     28th January 2020 Europe-based major aerospace group Airbus issued a brief press release on Tuesday, concerning its negotiations with regulators and law enforcement agencies in three countries. The release stated in full: “Airbus confirms that it has reached agreement in principle with the French Parquet National... 

Key EV markets to start growing again – WoodMac

By: Creamer Media Reporter      28th January 2020 Following a year characterised largely by disappointing performances from the electric vehicle (EV) and consumer electronics sectors, better days are ahead for battery market participants, with key markets for electric cars set to start growing again. This is according to consultancy firm Wood... 

Key EV markets to start growing again – WoodMac

Global crude steel output increased 3.4% in 2019

By: Schalk Burger     28th January 2020 Global crude steel production increased by 3.4% year-on-year to 1.87-billion tonnes in 2019, despite output having contracted in all regions, except Asia and the Middle East, industry association, the World Steel Association (worldsteel), reports. Asia produced 1.34-billion tonnes of crude steel... 

Ncondezi expects tariff negotiations with Moz utility to be concluded by June

By: Marleny Arnoldi     28th January 2020 Aim-listed Ncondezi Energy confirms that an updated financial model for its 300 MW coal-to-power and coal mine project in Tete, Mozambique, is ready to be submitted to State-owned utility Electricidade de Moçambique (EDM) by the end of this quarter. The company anticipates the tariff... 

Unplanned Eskom breakdowns are still high – so where's all the load-shedding?

By: News24Wire      28th January 2020 In late October last year, Minister of Public Enterprises Pravin Gordhan published Eskom's long-awaited road map, a 66-page overview of how the state intends to start turning around the key power producer. Eskom said that keeping unplanned breakdowns below 9 500MW - about 20% of its total nominal... 

 Unplanned Eskom breakdowns are still high – so where's all the load-shedding?

Amplats earnings set to soar despite power outages 

By: Martin Creamer     28th January 2020 The shareholders of Anglo American Platinum (Amplats) were advised on Tuesday that the earnings of the platinum group metals (PGMs) mining company for the 12 months to end December are poised to soar, despite the setback of Eskom’s power outages. The big expected earnings increases have been... 

Amplats earnings set to soar despite power outages
Photo by Creamer Media
Chris Griffith

High Court dismisses former SAA chair Dudu Myeni's latest appeal bid 

By: News24Wire      28th January 2020 The High Court in Pretoria has dismissed an application by former South African Airways chairperson Dudu Myeni for leave to appeal a December ruling stating that Organisation Undoing Tax Abuse has standing to bring a delinquency case against her.  The case to have Myeni declared a delinquent... 

High Court dismisses former SAA chair Dudu Myeni's latest appeal bid
Photo by Creamer Media
Former SAA chairperson Dudu Myeni

De Ruyter says getting independents onto power grid will be costly

By: Bloomberg     28th January 2020 Andre de Ruyter, Eskom Holdings’ CEO, said that while he favours letting companies generate their own power there will be significant initial costs if they are to sell their excess generation into the South African grid. Frustrated by regular power cuts, mining and industrial companies have been... 

Most commodity prices on the rise amid increasing demand, risk appetite

By: Marleny Arnoldi     27th January 2020 The past month has seen a rally in many parts of the commodities complex, owing to the signing of the first phase of a trade deal between China and the US boosting equity markets and risk appetites, states analytics and forecasting organisation Oxford Economics. In its latest commodity price... 

Most commodity prices on the rise amid increasing demand, risk appetite

CDC partners with Free State agency to develop industrial park

By: Marleny Arnoldi     27th January 2020 The Coega Development Corporation (CDC) on Monday announced that it had signed a service level agreement with Lejwe Le Putswa Development Agency (LDA), based in the Free State. CDC will use its expertise in project management and developing special economic zones to assist LDA in developing... 

CEO remuneration remains a complex issue – Deloitte

By: Marleny Arnoldi     27th January 2020 Consultancy Deloitte has tackled the controversial question of whether CEOs in South Africa are being remunerated fairly in its latest ‘Executive Compensation Report’ for 2019. The release of the findings of the report come at a time when executive pay continues to attract intense public and... 

CEO remuneration remains a complex issue – Deloitte

Mini South Africa to launch car-sharing scheme in Sandton in Q3 

By: Irma Venter     27th January 2020 Mini South Africa, part of the BMW Group South Africa, aims to launch a pilot car-sharing scheme in Sandton, Johannesburg, in the third quarter of this year. Participants will be able to use the participating cars with “just a few taps on their smartphones”, says the car maker. 

Mini South Africa to launch car-sharing scheme in Sandton in Q3

SANDF to withdraw from Vaal River intervention project by Friday

By: News24Wire      27th January 2020 The South African National Defence Force will withdraw its personnel and equipment deployed to the Vaal River Project by the end of the week. In a statement issued on Monday, the Defence Department's head of communications Siphiwe Dlamini said: "Regiments under the stewardship of the SA Army... 

SANDF to withdraw from Vaal River intervention project by Friday

Eskom CEO plans operations overhaul; slower breakup mulled 

By: Bloomberg     27th January 2020 The head of South Africa’s State power company will this week present a draft plan to change how the utility operates, as local media reported he’s considering unbundling the utility at a slower pace than envisaged by the government. Stabilising Eskom is the government’s top priority. The company... 

Fastjet flags going concern doubt again as restructuring plan in jeopardy

By: Reuters     27th January 2020 Fastjet on Monday warned again that it would not be able to continue as a going concern if the South African low-cost carrier could not carry out its restructuring proposal by the end of March due to a shortage of funds. The company, which lost its turnaround specialist CEO Nico Bezuidenhout last... 

Averda secures three-year AMSA contract

By: Tasneem Bulbulia     27th January 2020 End-to-end waste management company Averda has been awarded a three-year contract by steel producer ArcelorMittal South Africa (AMSA) for the collection, transportation and disposal of several complex waste streams including sludge, coal tar, oil and grease, effluent, borax and phosphates,... 

Wine grape conditions improving this year

By: Marleny Arnoldi     27th January 2020 Wine producer association Vinpro says things are looking up in most regions for wine grape harvests in South Africa this year. “Sufficient water and a moderate ripening period contributed to expectations of a somewhat larger 2020 South African wine grape harvest compared to 2019; however, still... 

Wine grape conditions improving this year

Low risk of load-shedding on Monday despite volatile grid – Eskom

By: News24Wire      27th January 2020 There is a low risk of load-shedding on Monday, Eskom has said, despite a volatile power system.  The utility, in a power update on Monday morning, said breakdowns at generating units stood at 13 392 MW at 07:30, about a quarter of its total nominal capacity and still far above its goal of 9... 

 Low risk of load-shedding on Monday despite volatile grid – Eskom

Creecy invites comment on extending EAP registration deadline  

By: Marleny Arnoldi     27th January 2020 Environment, Forestry and Fisheries Minister Barbara Creecy has published, for public comment, a notice of her intention to amend the Section 24H Registration Authority Regulations of the National Environmental Management Act. This is aimed at extending the date for the compulsory registration... 

Sasol to list on A2X

By: Tasneem Bulbulia     27th January 2020 South African energy and chemicals group Sasol has been approved for a secondary listing on South African stock exchange, A2X Markets, on February 3. The company retains its listings on the JSE and the NYSE. 

Eskom seeks contempt of court order against Trillian for its failure to pay the power utility – report 

By: African News Agency      27th January 2020 Eskom has gone to court to ask for a contempt of court order against State capture-linked Trillian Management Consulting, which has allegedly failed to pay back a cent of the money it owes the power utility, Daily Maverick reported. In June 2019, the Gauteng High Court in Pretoria ordered... 

Eskom seeks contempt of court order against Trillian for its failure to pay the power utility – report
Eskom CEO André de Ruyter

Premier Wash & Wax a 100% waterless car cleaning product

By: Tracy Hancock     27th January 2020 Developed by automotive enthusiasts in response to Africa’s water crisis, demand for Premier Wash & Wax is growing monthly as more people become conscious of the need to conserve water and fall in love with the products’ results, says Premier Products owner Gerhard Veldsman. “Africa’s water... 

Premier Wash & Wax a 100% waterless car cleaning product

Opinion: Amazing SA inventions of 2019

By: Martin Zhuwakinyu     27th January 2020 South Africans are an innovative lot. Much of the world knows about Chris Barnard, the surgeon who performed the world’s first heart transplant in 1967, but many other citizens of this great nation who introduced a multiplicity of amazing innovations in various fields remain below the radar.... 

Opinion: Amazing SA inventions of 2019

South African, Chinese researchers jointly make quantum communications breakthrough

By: Rebecca Campbell     24th January 2020 A joint team composed of researchers from South Africa’s University of the Witwatersrand (Wits), in Johannesburg, and China’s Huazhang University of Science and Technology (HUST) in Wuhan, has successfully demonstrated the transmission of “multiple quantum patterns of twisted light” down a 250... 

Dube TradePort facilitating growth in KwaZulu-Natal

By: Tasneem Bulbulia     24th January 2020 The King Shaka International Airport in KwaZulu-Natal continued to experience steady growth in passenger volumes over the December festive season, with international passenger volumes up by 9% and domestic passenger volumes up by 12%, DubeTrade Port Corporation reported this week. Dube TradePort... 

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