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OVERRUNS: The Zambezi River Authority reports that it is progressing with work on the Kariba Dam Rehabilitation Project (KDRP), which comprises projects to reshape the plunge pool and refurbish the spillway gates. The KDRP has been ongoing since 2017 and is expected to be completed in 2025. However, the authority reports that project progress has been impeded by Covid-related disruptions, which have resulted in both time and cost overruns.
OVERRUNS
18th February 2022

The Zambezi River Authority reports that it is progressing with work on the Kariba Dam Rehabilitation Project (KDRP), which comprises projects to reshape the plunge pool and refurbish the spillway... 


SENTIMENT IMPROVES: The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.1 points in January from 54.1 points in December, remaining above the 50-point mark that separates expansion from contraction. The improvement in the headline PMI was largely driven by a rebound in the business activity index, which rose to 56.6 in January from 48.7 points in December. “An improvement in the new sales orders index suggests that demand looked better. In particular, respondents noted a rise in export sales, which could have boosted output,
SENTIMENT IMPROVES
11th February 2022

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.1 points in January from 54.1 points in December, remaining above the 50-point mark that separates expansion from... 


Lethabo Eskom Bloomberg image
ENERGY SQUEEZE
4th February 2022

During recent hearings into its R293-billion allowable revenue application for 2022/23, Eskom dramatically lowered the energy availability factor assumptions for its coal fleet from 72% to 62%.... 


Bloomberg Image
BEYOND MEGA-DAMS
28th January 2022

The world’s largest hydropower company, China Three Gorges Corporation, is adding wind and solar capacity under plans to diversify its business as the era of mega-dam projects fades, Bloomberg has... 


NEW ERA: Chile's mining sector is preparing for what could be some significant changes that could include tighter environmental rules and higher taxes. Newly elected President Gabriel Boric (35) supports higher taxes on mining firms, while a committee will begin deliberations in earnest this year on how the environment and natural resources will figure in the country’s new constitution. The changes could be significant given that the Andean nation is the world's top producer of copper and the second largest producer of lithium. Both metals are seeing sharp price rises on soaring demand and a global rush to secure supply. Photograph: Bloomberg.
NEW ERA
21st January 2022

Chile's mining sector is preparing for what could be some significant changes that could include tighter environmental rules and higher taxes. Newly elected President Gabriel Boric (35) supports... 


Reuters Image
BOOSTING THE FIGHT
10th December 2021

While South Africa has not yet broadened booster shots beyond healthcare workers and certain categories of immunocompromised individuals, vaccine booster shots are likely to become an important... 


BOOSTER SHOT
BOOSTER SHOT
3rd December 2021

As the fourth Covid wave approaches, Pfizer and BioNTech have applied to have their coronavirus vaccine approved by the South African Health Regulatory Products Authority for use as a booster. The... 


Three civil society groups have taken the South African government to court over its plan to build 1 500 MW of new coal capacity in line with the Integrated Resource Plan of 2019. In September, lawyers for groundWork, the African Climate Alliance and the Vukani Environmental Justice Movement in Action wrote to Mineral Resources and Energy Minister Gwede Mantashe and the National Energy Regulator of South Africa demanding that the plan be scrapped. After not receiving a response, litigation was launched this month on the basis that the plants would violate the constitutional right to an environment not harmful to health and wellbeing. Photograph: Reuters
COAL LITIGATION
26th November 2021

Three civil society groups have taken the South African government to court over its plan to build 1 500 MW of new coal capacity in line with the Integrated Resource Plan of 2019. In September,... 


PLATINUM DEAL: Royal Bafokeng Holdings accepted an unsolicited offer this month from Northam Platinum for up to a third of Royal Bafokeng Platinum (RBPlat) in a R17-billion transaction. RBPlat’s mines – one of which, Styldrift, is pictured here – are on the western limb of the Bushveld Complex and their assets have been described by Northam as “young, shallow and well capitalised”. The Northam deal led rival Implats, which had been seeking to acquire 100% of the issued ordinary shares of RBPlat, to withdraw a cautionary announcement of an impending transaction.
PLATINUM DEAL
19th November 2021

Royal Bafokeng Holdings accepted an unsolicited offer this month from Northam Platinum for up to a third of Royal Bafokeng Platinum (RBPlat) in a R17-billion transaction. RBPlat’s mines – one of... 


 Photograph: Jeff J Mitchell for Reuters
TRAGEDY TO TRIUMPH
12th November 2021

British naturalist Sir David Attenborough has emerged as the voice of conscience – and hope – as humanity hurtles towards a self-induced climate crisis, with existential consequences. Delivering an... 


HEAT, DUST & POWER CUTS: As the late and great Johnny Clegg and Savuka sang in their song titled ‘In My African Dream’, which features on the ‘Heat, Dust & Dreams’ album: ‘Something stole the promise from the light of the dawn’. In the current context, that light has quite literally been stolen. After nearly 15 years, South Africa remains in a deep electricity crisis. Those responsible have mostly left both the utility and government, but that is little consolation. Sadly, heat, dust and power cuts look set to be an ongoing and painful feature of this summer period too. Photograph: Bloomberg
HEAT, DUST & POWER CUTS
5th November 2021

HEAT, DUST & POWER CUTS: As the late and great Johnny Clegg and Savuka sang in their song titled ‘In My African Dream’, which features on the ‘Heat, Dust & Dreams’ album: ‘Something stole the... 


Photo of trucks transporting coal to a South African power station
FRAGILE CLIMATE
29th October 2021

The failure of rich countries to honour their $100-billion-a-year climate-finance commitments is likely to be a key theme as world leaders converge on Glasgow, Scotland, for the COP26 climate... 


MARS SIMULATION: Earlier this month, the Austrian Space Forum set up a simulated Martian base together with the Israel Space Agency at Makhtesh Ramon, a 500-m deep, 40-km wide crater, in Israel’s Negev desert. During a three-week mission, six astronauts from Austria, Germany, the Netherlands, Israel, Portugal and Spain will remain in complete isolation in a unique structure meant to simulate a space station. The astronauts will undertake a variety of experiments that have been selected for the project, in which more than 200 scientists from 25 countries are involved. Photograph: Amir Cohen for Reuters
MARS SIMULATION
22nd October 2021

Earlier this month, the Austrian Space Forum set up a simulated Martian base together with the Israel Space Agency at Makhtesh Ramon, a 500-m deep, 40-km wide crater, in Israel’s Negev desert.... 


Image of Wrold Trade Organisation
STRONG REBOUND
15th October 2021

The World Trade Organisation (WTO) has raised its projections for global trade growth in 2021 and 2022 to 10.8% and 4.7%, respectively, citing the resurgence of economic activity in the first half... 


Image of a wind turbine with a coal mine and power station in the background.
CLIMATE TARGETS
8th October 2021

Bloomberg reports that a coalition of financial firms overseeing a combined $29.3-trillion of assets, is calling on some of the world’s biggest corporate emitters to urgently set science-based... 


Pictured here is the Bacton Gas Terminal, in Norfolk, which is said to be suited to emerge as a future hydrogen import hub as the UK simultaneously pursues a low-carbon energy transition.
GAS CRISIS
1st October 2021

Gas prices have soared in recent months as economies reopen from Covid-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe. Energy companies in the UK have... 


Image of China’s first C919 narrow-body jet
FINAL ASSEMBLY
24th September 2021

China's first C919 narrow-body jet to be delivered to launch customer China Eastern Airlines is about to enter final assembly, China's aviation regulator said earlier this month, with delivery due... 


Photo of a Covid vaccine being administered
SAFE & EFFECTIVE
17th September 2021

The evidence continues to mount in favour of the effectiveness of the vaccines being used in South Africa. While most people have received the Pfizer-BioNTech vaccine, which was the first to... 


Photo of Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim
NO MASKING THE LOSSES
10th September 2021

Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim were all masked up in line with Covid-19 health protocols when delivering the electricity utility’s results... 


SCARRING EFFECT
SCARRING EFFECT
3rd September 2021

The National Treasury estimates that the economic damage from the July riots could shave off between 0.7 and 0.9 of a percentage point from this year's growth figure. “We are concerned about the... 


Image of Zambian President Edgar Lungu
REFORM MANDATE
27th August 2021

On August 16, Zambian President Edgar Lungu conceded defeat after a landslide election win by opposition leader Hakainde Hichilema, 59, pictured here casting his ballot in Lusaka on August 12. The... 


ONGOING FALLOUT
20th August 2021

As South Africa continues to count the cost of deadly looting that destroyed lives, livelihoods, as well as public and commercial infrastructure, the world paused earlier this month to reflect on... 


Photo of an Eskom power station
GREEN TRANSITION
13th August 2021

South Africa’s State-owned utility Eskom has, for some time, been working on a so-called Just Energy Transaction to help the company and the country navigate away from its coal dependence, while... 


A photo of the Cape Town port
GATEWAY ATTACKED
6th August 2021

A cyberattack rocked operations at container terminals operated by Transnet Port Terminals, causing fresh backlogs that had also developed during recent civil unrest and looting in KwaZulu-Natal... 


Aerial photo of the the Kyalami Grand Prix Circuit and International Convention Centre
HIGH PERFORMANCE
30th July 2021

The Kyalami Grand Prix Circuit and International Convention Centre, in Gauteng, has secured an Energy Performance Certificate (EPC) with a commendable B rating, where A represents the highest... 


Image of burnt-out vehicles
ROAD TO RUIN
23rd July 2021

Protests that were initially sparked by opposition to the jailing of former President Jacob Zuma, but then morphed into a deadly looting spree by criminals and desperate opportunists alike, once... 


A photo of the city of Durban
POWERING UP
16th July 2021

The eThekwini Municipality, in KwaZulu-Natal, is readying itself for the procurement of 400 MW of electricity, primarily in the form of renewable energy. Various other cities, including Cape Town... 


MINTED MILESTONES
MINTED MILESTONES
9th July 2021

To mark its centenary, celebrated virtually on June 30, the South African Reserve Bank issued a commemorative circulation R5 coin. The coin reflects the historical journey of the currency issued by... 


BIG FINDS
BIG FINDS
2nd July 2021

TSX-listed Lucara Diamond Corporation announced the recovery, in June, of a 1 174.76-carat diamond from its Karowe diamond mine, in Botswana. The diamond is the third 1 000-plus-carat stone... 


SIGNED & SEALED
SIGNED & SEALED
25th June 2021

Trade, Industry and Competition Minister Ebrahim Patel’s signature heads the list of steel industry stakeholders who, earlier this month, signed ‘The South African Steel and Metal Fabrication... 


POWER(HOUSE)
POWER(HOUSE)
18th June 2021

Johannesburg, which along with the rest of the country is being afflicted by regular power cuts, plans to seek at least R3.8-billion in investment in alternative electricity supply. Bloomberg... 


UNITED AGAINST COAL
UNITED AGAINST COAL
11th June 2021

United Nations secretary-general Antonio Guterres has again called on countries to stop investing in coal, telling participants to a recent International Finance Forum, in Beijing, China, that this... 


UNIFIED RATE
UNIFIED RATE
4th June 2021

Nigeria’s central bank has moved towards a single exchange-rate system, having maintained a multiple rate for several years to avoid an outright devaluation of the naira. Late last month, the... 


EXPORT SCALE-UP
EXPORT SCALE-UP
28th May 2021

VKB Agriculture loads a Transnet Freight Rail grain wagon at its Bethlehem silo rail siding, in the Free State, at the launch of the 2021 grain export season on May 17. As part of its endeavours to... 


DEADLY FLARE-UP
DEADLY FLARE-UP
21st May 2021

The most disturbing aspect of the recent deadly clashes between Palestinians and Israelis was not only the hardening of attitudes, but also the absence of any real plan for resolving a conflict... 


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