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BMW’s Selumane appointed as CEO of transformation fund 

By: Irma Venter     17th February 2020 Jabulani Selumane has been appointed as CEO of the Automotive Industry Transformation Fund (AITF).   Selumane, a mechanical engineer by training, has more than ten years’ experience in the automotive industry. Prior to that he worked at Barloworld. 

BMW’s Selumane appointed as CEO of transformation fund

SAB, AB InBev unveil new R5.4bn empowerment scheme 

By: Simone Liedtke     17th February 2020 South African brewery company AB InBev on Monday announced details of its new black economic empowerment (BEE) scheme, where a new BEE ownership transaction will be implemented through a company called South African Breweries (SAB) Zenzele Kabili. The R5.4-billion SAB Zenzele Kabili transaction... 

SAB, AB InBev unveil new R5.4bn empowerment scheme

Bushveld sees battery storage potential beyond EVs  

By: Simone Liedtke     17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... 

Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Hydrogen fuel cell mining set to cut Amplats’ greenhouse gas emissions – Griffith  

By: Martin Creamer     17th February 2020 The introduction of hydrogen fuel cell mining in response to climate change is poised to cut the greenhouse gas emissions of platinum group metals mining company Anglo American Platinum by 30%. A large enabler of this significant reduction is the introduction of hydrogen fuel cell mining trucks,... 

Mining Weekly’s Martin Creamer on Anglo American Platinum’s results. Video Editing: Nicholas Boyd. Photographs: Donna Slater. Video: Kutlwano Matlala.

Record-performing Amplats applying for 75 MW solar power at Mogalakwena

By: Martin Creamer     17th February 2020 Platinum group metals (PGMs) mining company Anglo American, which has reported record safety, record financials and the highest dividend in 15 years, has submitted an application to be allowed to self-generate 75 MW of solar power at its Mogalakwena mine where the world’s largest hydrogen fuel... 

Record-performing Amplats applying for 75 MW solar power at Mogalakwena
Photo by Creamer Media's Donna Slater
Chris Griffith

Substitution outlook intensifies with platinum at half palladium price ­– Amplats 

By: Martin Creamer     17th February 2020 With the price of platinum at half of the palladium price, the concept of replacing palladium with platinum in some gasoline catalyst convertors is increasingly likely to occur – but not in the very short term, outgoing Anglo American Platinum (Amplats) CEO Chris Griffith said on Monday.... 

Mining Weekly’s Martin Creamer on Anglo American Platinum’s results. Video Editing: Nicholas Boyd. Photographs: Donna Slater. Video: Kutlwano Matlala.

Mboweni moots referendum on rescuing State-owned companies on Twitter

By: African News Agency      17th February 2020 After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers' money to bail out failing State-owned enterprises. "We must develop a democratic... 

Mboweni moots referendum on rescuing State-owned companies on Twitter
Finance Minister Tito Mboweni

Moody's cuts South Africa's 2020 GDP growth forecast to 0.7% 

By: Reuters     17th February 2020 Ratings agency Moody's has cut its 2020 growth forecast for South Africa to 0.7% from a September forecast of 1.5%, saying the economy remains stuck in low gear due to lacklustre domestic private-sector demand. Moody's also attributed the revised forecast to "the detrimental impact of widespread... 

Moody's cuts South Africa's 2020 GDP growth forecast to 0.7%

Poultry association looking forward to tariff confirmation soon

By: Simone Liedtke     17th February 2020 The South African Poultry Association (Sapa) has welcomed President Cyril Ramaphosa’s announcement during his State of the Nation Address (SoNA) last week that the new tariffs on imported chicken to curb the unfair component of international trade, will be set within two weeks. Sapa GM Izaak... 

Land Bank appoints CEO

By: Tasneem Bulbulia     17th February 2020 JSE-listed Land Bank has appointed Ayanda Kanana as CEO, effective March 1. This follows the recent appointment of Khensani Mukhari as CFO, effective February 3. 

Sephaku rights offer closes

17th February 2020 JSE-listed Sephaku Holdings’ partially underwritten, renounceable rights offer, which was aimed at raising up to R37.5-million closed on Friday. Sephaku on Monday said 43% of the rights offer shares had been subscribed for. 

SACPCMP requests patience during systems update process

By: Tasneem Bulbulia     17th February 2020 To improve service delivery to its stakeholders, the South African Council for the Project and Construction Management Professions (SACPCMP) is updating its registration and application systems.  The update is in response to challenges that the council’s stakeholders have faced in recent years in... 

Citigroup expects debt sales to boost sub-Saharan African deals

By: Bloomberg     17th February 2020 Citigroup expects the value of deals from sub-Saharan Africa to exceed 2019 levels as governments, State-owned institutions and companies in the region raise more debt for much-needed infrastructure. “Countries like Ethiopia and Angola, for instance, are undergoing transformations that are... 

Greenpeace confirms activists appeared in court after display at cricket game

By: Marleny Arnoldi     17th February 2020 Environmental organisation Greenpeace Africa says ten of its activists appeared in the Pretoria Magistrate’s Court on Monday morning. The activists were arrested on Sunday after running onto the SuperSport Park Stadium cricket pitch, in Centurion, wearing superhero costumes.  

Cape Town energy company to install hybrid solar PV system at Botswana lodge

By: Marleny Arnoldi     17th February 2020 Engineering, procurement and construction company 1Energy has been awarded a contract to design and install an energy system at a luxury lodge in Botswana. The hybrid energy system at the Xigera Safari Lodge will comprise a 400 kW solar photovoltaic plant, which will be supported by Tesla... 

Vodafone Africa’s path to expansion is paved with $2 mini loans

By: Bloomberg     17th February 2020 Vodacom Group sees its African financial services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as $2. The unit of the UK’s Vodafone Group uses artificial intelligence and machine learning to customize its... 

EU renews Zimbabwe arms embargo, defence-company assets freeze

By: Bloomberg     17th February 2020 The European Union (EU) has renewed its arms embargo against Zimbabwe and will maintain a targeted assets-freeze against the State-controlled armaments company, Zimbabwe Defence Industries. The decision takes into account the “situation in Zimbabwe, including the yet to be investigated alleged... 

Alstom in talks for $7bn buyout of Bombardier train unit

By: Bloomberg     17th February 2020 French train maker Alstom has confirmed it is in talks to acquire the rail business of embattled Canadian train and plane maker Bombardier, in a fresh attempt to bulk up against Chinese competition. Discussions are ongoing and no final decision has been made, Alstom and Bombardier said Monday in... 

US–Kenya trade talks seen a risk for Africa regional pact

By: Bloomberg     17th February 2020 A possible US-Kenya free-trade agreement could undermine an existing continent-wide commerce pact and limit Africa’s power to negotiate with the US. Washington announced on February 7 that it intended to start trade negotiations with Kenya. President Donald Trump’s administration doesn’t favor... 

Slump in global goods trade to deepen with coronavirus, WTO says

By: Bloomberg     17th February 2020 Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization (WTO). The Geneva-based body’s latest forward-looking Goods... 

Modernisation, digitisation part of next value delivery – Amplats 

By: Martin Creamer     17th February 2020 Top of the list of the four focus areas of platinum group metals (PGM) mining company Anglo American Platinum (Amplats) to drive its next phase of value is operational efficiency. Outlining this at the company’s presentation of record financial and safety achievements, Amplats CEO Chris Griffith... 

Modernisation, digitisation part of next value delivery – Amplats
Photo by Creamer Media's Donna Slater
Anglo American Platinum's Craig Miller, Emma Chapman and Chris Griffith.

DP World to upgrade, maintain Eritrean ports

By: Bloomberg     17th February 2020 The Red Sea state of Eritrea contracted DP World to upgrade its ports as regional peace brings increased business to its shores. Formerly isolated Eritrea is normalizing foreign relations after signing an historic peace deal in July 2018 with neighbouring Ethiopia, Africa’s second-most populous... 

Ramaphosa emphasises youth employment in weekly column

By: Thabi Madiba     17th February 2020 President Cyril Ramaphosa reiterated the launch of the Presidential Youth Employment Intervention Programme in his weekly column to the nation on Monday, emphasising the need for government to ensure that South Africa’s youth participates in the country’s economy meaningfully, either formally or... 

Ramaphosa emphasises youth employment in weekly column
President Cyril Ramaphosa

Relief for former Sars officials as charges withdrawn in lengthy 'rogue unit' saga 

By: News24Wire      17th February 2020 "You are free to go." These were the words of Acting Judge Anthony Millar, as charges were officially withdrawn against three former senior South African Revenue Service officials in the so-called "rogue unit" saga. Ivan Pillay, Andries Janse van Rensburg and Johann van Loggerenberg briefly... 

Relief for former Sars officials as charges withdrawn in lengthy 'rogue unit' saga

Chris Griffith to step down as Amplats CEO

By: Martin Creamer     17th February 2020 Anglo American Platinum (Amplats) CEO Chris Griffith is to step down as CEO of the company after seven years at the helm, the board of Anglo American Platinum said on Monday. The company announced that Griffith, who took Kumba Iron Ore to great heights before taking on Amplats, will also leave... 

Chris Griffith to step down as Amplats CEO
Photo by Creamer Media's Donna Slater
Chris Griffith

No load-shedding planned for Monday, says Eskom

By: News24Wire      17th February 2020 Eskom says it is not planning to implement power cuts on Monday, after it replenished its emergency reserves of water and diesel over the weekend.  This comes after the power utility halted stage 2 load-shedding ahead of schedule at 9 pm on Sunday. The prognosis for the week ahead is that the... 

 No load-shedding planned for Monday, says Eskom

Flight Centre resumes sales of SAA tickets

By: Bloomberg     14th February 2020 Flight Centre Travel Group, one of South Africa’s largest booking companies, said it will lift a moratorium on sales of the national airline’s tickets that it imposed in November because of concerns over its solvency. Travel Insurance Consultants, Flight Centre’s preferred insurer, reinstated... 

Renewables bodies call for clear timelines after Ramaphosa commits to restarting IPP procurement

By: Terence Creamer     14th February 2020 South Africa’s wind and solar industry bodies have welcomed President Cyril Ramaphosa’s commitment, made in his 2020 State of the Nation Address (SoNA), to restarting the long-delayed Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). However, they have also called on... 

Renewables bodies call for clear timelines after Ramaphosa commits to restarting IPP procurement
South African Wind Energy Association CEO Ntombifuthi Ntuli

Blue Label to conclude 3G Mobile deal, Blue Label Mobile at advanced stage

By: Natasha Odendaal     14th February 2020 JSE-listed Blue Label is set to receive its R544-million asking price, after all suspensive conditions relating to the disposal of subsidiary The Prepaid Company’s (TPC’s) interest in the 3G Mobile handset trading operations were on Friday fulfilled. In September last year, Blue Label announced... 

SoNA came at ‘crucial time’ says panel 

By: Simone Liedtke     14th February 2020 The 2020 State of the Nation Address (SoNA) came at “a crucial time” for South Africa, which is faced with a stagnated economy defined by challenges such as lack of capacity in State-owned enterprises (SOEs), high unemployment and electricity supply constraints, a panel agreed on Friday morning... 

Latest Airbus airliner gains certification from both Europe and the US

By: Rebecca Campbell     14th February 2020 Europe-based global aerospace group Airbus has announced that its A330-800 widebody airliner has been jointly certified by the European Aviation Safety Agency (EASA) and the US Federal Aviation Administration. This joint Type Certification followed 132 flights totalling 370 test flying hours,... 

Latest Airbus airliner gains certification from both Europe and the US
Photo by Airbus
The Airbus A330-800

Metals, engineering sector set for ‘unremarkable’ growth this year  

By: Tasneem Bulbulia     14th February 2020 Last year was generally challenging for both the domestic and global economy, as weakening demand, manufacturing and trade and investment restrained progress, with extended negative implications for the metals and engineering (M&E) sector, which is poised for “unremarkable” growth this year.... 

Metals, engineering sector set for ‘unremarkable’ growth this year
Photo by Creamer Media's Donna Slater
Dr Michael Ade

Kruger National Park urges stakeholders to protect the Sabie river

By: Yvonne Silaule     14th February 2020 Representatives from the Kruger National Park, a South African National Parks (SANParks) reserve, this week met with the traditional leaders of Bushbuckridge, to strengthen water education and to ensure that water is used sparingly in order to preserve the Sabie river. Kruger National Park... 

SoNA: Business bodies welcome certainty on energy but plead for urgency 

By: News24Wire      14th February 2020 Organised business groups have cautiously welcomed some of the economic promises in President Cyril Ramaphosa's State of the Nation Address on Thursday, but called for a greater sense of urgency and the articulation of a clear long-term vision to boost South Africa's struggling economy. Business... 

SoNA: Business bodies welcome certainty on energy but plead for urgency
President Cyril Ramaphosa

Ramaphosa's speech underscores weak South Africa credit outlook – Fitch

By: Reuters     14th February 2020 President Cyril Ramaphosa's State of the Nation Address offered only partial detail on key policy areas like the electricity sector and underscored a weak outlook for the country's creditworthiness, Fitch Ratings said on Friday. Ramaphosa said in the annual address on Thursday that South Africa... 

Ramaphosa's speech underscores weak South Africa credit outlook – Fitch

Greenpeace welcomes ‘climate crisis’ recognition in SoNA

By: Marleny Arnoldi     14th February 2020 Greenpeace Africa appreciates that President Cyril Ramaphosa is seemingly taking the “climate crisis” seriously. Commenting on the President’s State of the Nation Address (SoNA), which was delivered on Thursday, Greenpeace Africa political adviser Happy Khambule says Ramaphosa has displayed... 

YES has made progress on the job creation front since 2018

By: Marleny Arnoldi     14th February 2020 President Cyril Ramaphosa during his fourth State of the Nation Address on Thursday made special mention of the Youth Employment Service (YES) and how far it has come in providing work opportunities for young people. Since its inception in April 2018, YES has created more than 32 000 work... 

Court dismisses bid to halt SAA job cuts as airline has not 'contemplated dismissals'  

By: News24Wire      14th February 2020 The Johannesburg Labour Court has dismissed a joint urgent application by the National Union of Metalworkers of South Africa and the South African Cabin Crew Association to halt job cuts at South African Airways, ruling the airline had not contemplated dismissals.  The unions lodged the interdict... 

Court dismisses bid to halt SAA job cuts as airline has not 'contemplated dismissals'

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