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Eskom confident of its ability to implement new nuclear build programme

By: Keith Campbell     29th March 2017 A Request for Proposals (RFP) for new nuclear power plants (NPPs) and a new research reactor could be issued by the middle of this year. This was reported by Eskom chief nuclear officer Dave Nicholls at the Nuclear Africa 2017 conference on Wednesday. In parallel, the process of obtaining the... 

Eskom confident of its ability to implement new nuclear build programme
Photo by Duane Daws
Eskom chief nuclear officer Dave Nicholls

ANC top six split on whether to fire Gordhan – sources

By: Reuters     Updated 7 hours ago The top six of South Africa's ruling African National Congress (ANC) are divided down the middle on whether to remove Finance Minister Pravin Gordhan, two sources told Reuters. President Jacob Zuma, who is part of the top six wants to replace Gordhan and has the support of chairperson Baleka... 

ANC top six split on whether to fire Gordhan – sources

Liquid metal battery inventor questions lithium-ion as grid-scale storage solution

By: Terence Creamer     29th March 2017 Liquid metal battery inventor Professor Donald Sadoway, of the Massachusetts Institute of Technology, believes the technology has the potential to provide the “missing piece” in an electricity market that relies on “redundancy and overcapacity” to balance supply and demand – a feature that will... 

Liquid metal battery inventor questions lithium-ion as grid-scale storage solution
Professor Donald Sadoway

Motus seeks synergies, cost savings, says CEO Arbee

By: Irma Venter     29th March 2017 The automotive business of the JSE-listed Imperial group has a new leader. Former Imperial CFO, Osman Arbee, was named as the CEO of Imperial’s newest business venture, the Motus Corporation, in January. Arbee has been with Imperial for close to 13 years. 

Motus seeks synergies, cost savings, says CEO Arbee
Osman Arbee

Nemeth to depart Ford SA, Toyota’s Kruger appointed new MD

By: Irma Venter     29th March 2017 US car maker Ford has announced the appointment of Casper Kruger as Ford Motor Company Sub-Saharan Africa (FMCSA) region MD, as from April 1. Current president and CEO Jeff Nemeth will take up a new position at Ford as part of his planned return to the US on July 1, states the company. 

Nemeth to depart Ford SA, Toyota’s Kruger appointed new MD
Casper Kruger

Eskom cancels supplier contract owing to inferior coal

By: Creamer Media Reporter      29th March 2017 State-owned power utility Eskom has terminated a contract with a major coal supplier to its Tutuka power station after discovering the coal supplied was not extracted from the contracted collieries. The parastatal, following strict monitoring of the coal quality to the station, revoked the... 

NUM goes to war over proposed Eskom power station closures

By: Natasha Odendaal     29th March 2017 The National Union of Mineworkers (NUM) on Wednesday said it was planning mass protest action over State-owned power utility Eskom’s decision to mothball five power stations to make room for independent power producers (IPPs). In an effort to “save” Eskom from bankruptcy and privatisation, as... 

Sarec calls on public to comment on IRP2016 ahead of Friday’s deadline

By: Megan van Wyngaardt     29th March 2017 The South African Renewable Energy Council (Sarec) on Wednesday urged South Africans to participate in the public comment process on South Africa’s draft Integrated Resources Plan 2016 (IRP2016) update, which closes on March 31. It noted that the public participation process is an “ideal... 

Shareholders in Aveng approve sale of 51% stake in Grinaker-LTA

By: Reuters     29th March 2017 Shareholders in South Africa's Aveng approved the sale of a 51% stake in the Grinaker-LTA business to Kutana Construction, the company said on Wednesday, bringing in a partner owned by black women. The deal helps Aveng, a 125-year-old company, to align the business with the government's economic... 

Nuclear energy essential to guard against climate change

By: Keith Campbell     29th March 2017 The world can only meet the target of restricting global warming to 2 °C by the end of this century by greatly increasing the use of nuclear power. So affirmed World Nuclear Association (WNA) director-general Agneta Rising in her address to the Nuclear Africa 2017 conference. She cited studies by... 

Nuclear energy essential to guard against climate change
Photo by Keith Campbell
WNA director general Agneta Rising

Niasa signs MoU with Korean association to develop nuclear industry

By: Megan van Wyngaardt     29th March 2017 The Nuclear Industry Association of South Africa (Niasa) and Korea Nuclear Association for International Cooperation this week signed a memorandum of understanding (MoU) aimed at improving the capacities of the two countries’ nuclear industries. The MoU covers education and training programmes;... 

DTI sets aside R15bn for new investment in incentives

By: Natasha Odendaal     29th March 2017 The Department of Trade and Industry (DTI) has set aside R15-billion for projected investments across all incentives, and the entire budget for the new financial year is to be spent on efforts to industrialise the country and broaden the manufacturing sector, as reflected in its performance... 

Universal electrification a necessity for Africa  

By: Anine Kilian     29th March 2017 The African continent must ensure universal access to electricity to resolve energy poverty, Energy Security Services Africa head Gareth Gregory said on Wednesday. Addressing a global audience at the Power & Electricity World Africa 2017 conference, he noted that it was unacceptable that the vast... 

Energy Security Services Africa MD Gareth Gregory talks about the need for Africa to resolve its energy poverty. Video and editing: Nicholas Boyd

Western Cape budgets for drought relief

By: Megan van Wyngaardt     29th March 2017 The Western Cape government has set aside R797-million for its Department of Agriculture in the 2017/18 financial year. Of this, R47-million was allocated towards drought relief, with a special focus on emerging entrepreneurs. “In 2015, South Africa recorded its lowest rainfall in a calendar year... 

Western Cape budgets for drought relief

Stifling legislation deters economic disruptors – Winde

By: Megan van Wyngaardt     29th March 2017 Stifling legislation slowing down businesses and innovators will not be tolerated in the Western Cape, provincial Economic Opportunities Minister Alan Winde said on Wednesday. During his budget speech for the province’s Department of Economic Development and Tourism, Winde highlighted that the... 

Stifling legislation deters economic disruptors – Winde

Kenya adopts South Africa’s Green Star rating system

By: Natasha Odendaal     29th March 2017 The Kenya Green Building Society (KGBS) has signed a Green Star license agreement that will see it use the Green Building Council of South Africa’s (GBCSA’s) Green Star rating system and trademark in Kenya for certification of green buildings. The licence will also be used to train and accredit... 

SAA, Ethiopian Airlines extend code-share agreement

By: Megan van Wyngaardt     29th March 2017 The extension of South African Airways’ (SAA’s) code-share service agreement with Ethiopian Airlines to include Cape Town, Durban and Toronto, Canada, became effective this week. The expanded code share now offers a direct service between Addis Ababa and Cape Town and Addis Ababa and Durban.... 

SAA, Ethiopian Airlines extend code-share agreement

AFC aims to have $5bn in assets by 2019

By: Megan van Wyngaardt     29th March 2017 Multilateral development finance institution Africa Finance Corporation (AFC) on Wednesday reported that it had invested $688-million during the 2016 financial year, returning a robust financial performance of $115.3-million in total comprehensive income – a 64% year-on-year improvement. The... 

After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy

By: Reuters     29th March 2017 Toshiba Corp's US nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Bankruptcy will allow Pittsburgh-based Westinghouse, once... 

Firms demand EU deal ensures their survival as May triggers Brexit

By: Reuters     29th March 2017 Carmakers and airlines easyJet and Ryanair demanded Britain secure a Brexit deal which preserves their access to Europe, warning any barriers to trade could risk the future of car plants and ground flights between the UK and the continent. No-deal in Brexit talks is not an option, Britain's car... 

EU decides against provisional duties on hot-rolled steel – sources

By: Reuters     29th March 2017 The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. The EU executive has a deadline of April 7... 

Oakbay/Gordhan debacle a settled issue in law – Guptas lawyer

By: African News Agency      29th March 2017 Oakbay Investments on Wednesday told the high court in Pretoria that there was no need for Finance Minister Pravin Gordhan to seek a declaratory order relating to the Gupta-owned entity’s wrangle with South Africa’s major banks. “The Supreme Court of Appeal held that even a court does not have... 

Oakbay/Gordhan debacle a settled issue in law – Guptas lawyer

Gupta entity wanted Gordhan’s ‘unlawful’ intervention

By: African News Agency      29th March 2017 Oakbay Investments, owned by the controversial Gupta family, sought Finance Minister Pravin Gordhan to intervene illegally in its dispute with top South African banks, the High Court in Pretoria heard on Wednesday. Advocate Vincent Maleka, representing Standard Bank, told a full bench of judges... 

Gupta entity wanted Gordhan’s ‘unlawful’ intervention

Gordhan will 'open a new chapter' if sacked as Finance Minister

By: Reuters     29th March 2017 South Africa's finance minister Pravin Gordhan said on Wednesday he will "open a new chapter" of his life if speculation that President Jacob Zuma is set to sack him proves correct. Speaking after the funeral of anti-apartheid icon Ahmed Kathrada, Gordhan told eNCA television: "You deal with it... 

Gordhan will 'open a new chapter' if sacked as Finance Minister
Photo by Reuters
Finance Minister Pravin Gordhan

Cape Town's drastic plan for affordable housing

By: News24Wire      29th March 2017 The City of Cape Town wants the whole city to be declared a restructuring zone, which will allow for any suitable land to be used for social housing. It announced on Tuesday that about R101-billion was needed for another 650 000 housing opportunities over the next 20 years. 

Hawks probe into Gordhan, rogue Sars unit not finalised

By: African News Agency      29th March 2017 The police investigation into the so-called rogue unit at the South African Revenue Service (Sars) when Finance Minister Pravin Gordhan was at the helm of the institution is yet to be finalised, National Prosecuting Authority (NPA) boss Shaun Abrahams said on Tuesday. Abrahams and his team was... 

Hawks probe into Gordhan, rogue Sars unit not finalised
Photo by Duane Daws
Finance Minister Pravin Gordhan

Pallinghurst turns $45m profit, upbeat on 2017, mulling options

By: Martin Creamer     29th March 2017 Diversified mining company Pallinghurst, which made $45-million profit in 2016, is upbeat on 2017. The Johannesburg Stock Exchange-listed company spoke of all three of its business platforms being well positioned for further growth and value-unlock. 

Pallinghurst turns $45m profit, upbeat on 2017, mulling options
Photo by Duane Daws
Pallinghurst CEO Arne Frandsen and chairperson Brian Gilbertson at JSE listing ten years ago this year.

Rwanda's airline to start flights to London from May 26

By: Reuters     29th March 2017 Rwanda's airline will start three weekly flights to London's Gatwick airport on May 26 and it expects to exceed one million passengers on all its routes in the next three to four years, CE John Mirenge said on Monday. The London route, which will be served by two newly acquired Airbus A330s, will... 

Expectations Gordhan will go leave South African markets on edge

By: Reuters     29th March 2017 South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack Finance Minister Pravin Gordhan following the funeral of anti-apartheid icon Ahmed Kathrada later in the day. "Speculation is that the duo may be fired tomorrow evening, after... 

Expectations Gordhan will go leave South African markets on edge
Photo by Duane Daws
Finance Minister Pravin Gordhan

Presidency explains Zuma involvement in Pravin court matter

By: African News Agency      29th March 2017 The Presidency on Wednesday moved to explain why President Jacob Zuma’s lawyers were present at the high court in a matter in which finance minister, Pravin Gordhan, is seeking a declaration that he has no legal right to intervene in matters between banks and their clients. In a statement the... 

Presidency explains Zuma involvement in Pravin court matter
Photo by Reuters
Finance Minister Pravin Gordhan

Zuma postpones Cabinet meeting

By: News24Wire      29th March 2017 President Jacob Zuma has postponed the start of Wednesday’s Cabinet meeting “to later this afternoon” to enable members to attend the funeral of struggle stalwart Ahmed Kathrada, the Presidency said. “President Jacob Zuma has again expressed deep sadness and extended his heartfelt condolences to... 

Zuma postpones Cabinet meeting
President Jacob Zuma

Offgrid solar power could save electricity costs for African households

By: Anine Kilian     28th March 2017 Offgrid solar power could help lower the energy costs for 138-million households in Africa that live on less than $2.50 a day and spend about $10-billion a year on energy-related products, including charcoal, candles and kerosene, South African Solar Photovoltaic Committee chairperson Jo Dean... 

Africa not making the most of its solar energy potential  

By: Anine Kilian     28th March 2017 Most African governments are not moving fast enough to progress the uptake of solar energy, with the renewable energy accounting for less than 1% of energy consumed on the continent, Gigawatt Global CEO Welden Turner said on Tuesday. Speaking at Power & Electricity World Africa 2017, in... 

Salga, UJ economic research centre join forces for public interest research push

By: Megan van Wyngaardt     28th March 2017 The University of Johannesburg’s (UJ’s) Public and Environmental Economics Research Centre (PEERC) and the South African Local Government Association (Salga) on Tuesday launched a new partnership to contribute to improving policymaking at local government level. PEERC was established this year... 

Petco increases rate of PET recycling in 2016

By: Natasha Odendaal     28th March 2017 Recycling company Petco has recycled some 22% more post-consumer bottles in 2016, pushing its yearly polyethylene terephthalate (PET) recycling rate from 52% to 55% in 2016. This marked the second year that Petco has exceeded its recycling target, with the total PET market growing by 14.8% to 241... 

Gordhan says still Finance Minister despite talk of sacking

By: Reuters     28th March 2017 Finance Minister Pravin Gordhan flew back to South Africa on Tuesday, obeying an abrupt recall from President Jacob Zuma, and said he was still the Finance Minister when asked about reports that he was about to be sacked. The rand, which trimmed its losses to 1% against the dollar following his... 

Gordhan says still Finance Minister despite talk of sacking
Photo by Reuters
Finance Minister Pravin Gordhan

TPT awarded multipurpose terminal depot licences

By: Natasha Odendaal     28th March 2017 The South African Revenue Service has granted Transnet Port Terminals (TPT) new depot licences for all its multipurpose terminals (MPTs) for the packing and unpacking of containers for all commodities, including agri, mineral and mining bulk products. This enables State-owned TPT to efficiently... 

Moyane says complaints about Sars damaging the economy 

By: African News Agency      28th March 2017 South African Revenue Service commissioner Tom Moyane told MPs on Tuesday that attacks on the organisation were damaging the South African economy as it had led to lower levels of tax compliance. “Those who launch unwarranted attacks on Sars should know that they are impacting negatively on our... 

Moyane says complaints about Sars damaging the economy
Photo by Duane Daws
Sars commissioner Tom Moyane

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