R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61


Steel group to approach Nersa for power-tariff relief  

By: Terence Creamer     7th February 2019 Steel producer ArcelorMittal South Africa (AMSA) says it will submit site-specific applications to the National Energy Regulator of South Africa (Nersa) to secure tariff relief from Eskom for its operations in Gauteng, KwaZulu-Natal and the Western Cape. The submissions will be made in line with... 

Death toll rises to six at South Africa coal mine gas explosion

By: News24Wire      7th February 2019 The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot,... 

Regional carrier SA Express continues to re-establish its route network

By: Rebecca Campbell     19th October 2018 State-owned domestic and regional airline SA Express, as part of its relaunch strategy, has reinstated two more of its services. This is part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga... 

GE calls for more coal power within the IRP 

By: Kim Cloete     17th October 2018 General Electric (GE) has called on the South African government to reconsider investing in a further 1 600 MW of coal-fired power generation capacity, describing it as "the lifeblood" of South Africa’s economy, a significant job creator and important source of foreign exchange. “The removal of 1... 

Airline SA Express continues to re-establish its route network

By: Rebecca Campbell     9th October 2018 State-owned domestic and regional airline SA Express announced on Tuesday that it had relaunched two more of its services, as part of its plan to, as soon as possible, re-establish its best-performing routes. The two routes concerned are the domestic Johannesburg-Hoedspruit (Mpumalanga province)... 

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Coal-transition support should aid workers and communities, not Eskom – report

By: Terence Creamer     6th September 2018 A new report into South Africa’s coal sector argues that any subsidies set aside for the country’s “inevitable” transition away from coal in electricity production should be tailored to protect workers, their dependants and communities, rather than Eskom, or the coal sector as a whole. Published... 

Renewable Energy Independent Power Producer Procurement Programme – fourth window

By: Sheila Barradas     31st August 2018 Twenty-seven Renewable Energy Independent Power Producer Procurement Programme project agreements were signed in April 2018.  

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

R573 Moloto road upgrade, South Africa

By: Sheila Barradas     3rd August 2018 South African National Roads Agency Limited is developing the Moloto Corridor, which is one of the strategic infrastructure projects being undertaken by government to revive the South African economy.  

Desilting Coal Fines From Process Water Ponds

24th July 2018 A total turnkey solution to desilt a process water dam at a coal mine in the Middelburg area of Mpumalanga province was all in a day’s work for pump solutions specialists Integrated Pump Rental. According to Integrated Pump Rental managing director Lee Vine, it is not uncommon for factors like... 

Free-carry interest will foster loyalty among mining employees – Mantashe

By: Nadine James     5th July 2018 Mineral Resources Minister Gwede Mantashe noted that the free-carry stipulation in the latest draft Mining Charter will result in workers deriving immediate value, thereby fostering diligent performance and loyalty towards employers, as workers strive to enhance and improve “their" mine. “It is... 

Brazilian aircraft company signs maintenance deal with South African air operator

By: Rebecca Campbell     4th July 2018 Brazilian aerospace group Embraer announced on Tuesday that it had signed a multi-year spare parts and support deal, known as a Pool Programme Agreement, with South African-based Sahara Africa Aviation (Sahara). The agreement covers more than 500 components for two Embraer ERJ 145 50-seater... 

Avocado 'green gold' ripe and ready for South Africa's farmers

By: Reuters     21st June 2018 Whether you like to squash it onto your toast in the morning, millennial-style, eat it to cut your cholesterol with healthy unsaturated oil, or moisturise your face with it - if you live in the West, you're probably rarely far from an avocado. And that is very good news for South Africa's... 

Coal industry should ensure that it does not lower air quality to avoid silicosis repeat

By: Martin Creamer     30th May 2018 South Africa’s coal industry should ensure that it does not lower air quality to avoid ending up in the same litigious space as the gold mining sector with silicosis. Earlier this month, a class action settlement was reached with thousands of mineworkers suffering from silicosis and/or... 

Proposed Mpumalanga SEZ to boost provincial economy, skills development

By: Simone Liedtke     21st May 2018 Trade and Industry Minister Dr Rob Davies has approved a recommendation that the Nkomazi Special Economic Zone (SEZ), in Mpumalanga, be designated and has called on the public and interested parties to comment on the proposed designation by June 28. The application for the designation of the... 

Eskom says facing coal shortages at seven power plants

By: Reuters     17th April 2018 South African power utility Eskom, which is battling to recover from a financial and leadership crisis, said on Tuesday that it was facing coal shortages at seven power stations. Eskom supplies around 95% of South Africa's electricity, predominantly by burning coal. The state-owned utility has... 

Drought conditions hit South African maize belt – industry group

By: Reuters     9th January 2018 The western part of South Africa's maize belt has been hit by drought and farmers there have only planted 70 to 75% of the area they had intended to, industry group Grain SA said on Monday. With the window of planting opportunity fast closing, the unexpected onset of dry conditions in the key... 

Size of new mall developments increasing despite saturation being at 88% – MSCI

By: Schalk Burger     13th December 2017 The average size of shopping centres has steadily increased since the 1990s, with centres slated for completion between this year and 2020 being significantly larger than those developed during the 1990s and 2000s, a study by Morgan Stanley Capital International (MSCI) Real Estate South Africa on... 

Crookes Brothers profits down on lower sugar cane revenue

By: African News Agency      29th November 2017 Agricultural firm Crookes Brothers said on Wednesday its after-tax profit decreased by 70.5% to R26.4 million in the six months ended September 2017, driven down by a decline in sugar cane revenue in the aftermath of drought. Crookes however said it expected results for the full year to March... 

Chinese group buys auctioned Mapochs mine

By: Martin Creamer     15th September 2017 The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners... 

Kusile power plant project, South Africa

By: Sheila Barradas     8th September 2017 Unit 1 of Eskom’s Kusile power station has been brought into full production. 

Kusile power plant project, South Africa

By: Sheila Barradas     1st September 2017 Unit 1 of Eskom’s Kusile power station was brought into full commercial operation at the end of August. 

Electricity intensive firms to approach Nersa for new job-saving tariff deal

By: Terence Creamer     16th August 2017 The Energy Intensive Users Group (EIUG) will approach the National Energy Regulator of South Africa (Nersa) before the end of September with a proposal for structural changes to Eskom’s tariff for large power users by removing existing cross-subsidies to assist businesses whose future... 

Kusile power plant project, South Africa

By: Sheila Barradas     4th August 2017 The project continues to closely manage contractor productivity. 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike  

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

Special deals, again?

By: Terence Creamer     14th July 2017 South Africans will no doubt remember the ugly 2008 standoff between Standard Bank and BHP Billiton over whether Eskom should, in the midst of power shortages, honour a favourable metal-price-linked electricity supply deal with the diversified miner’s aluminium smelters in South Africa and... 

Nersa calls for comment on special pricing deal to unlock ferrosilicon production 

By: Terence Creamer     4th July 2017 The National Energy Regulator of South Africa (Nersa) is calling for written comments on an application by Eskom to implement a two-year incentive pricing package that will enable the restart of ferrosilicon production in the Limpopo and Mpumalanga provinces. The regulator turned down an earlier... 

South African farmers position themselves for macadamia boom

By: Bloomberg     16th June 2017 Booming demand for macadamias is transforming farmland in eastern South Africa, as landowners switch focus from bananas and sugarcane to the creamy nuts used in sweet treats from ice cream to cookies. First introduced in South Africa in the 1960s, evergreen macadamia nut trees are grown on farms... 

Phosa condemns charter tinkering, urges growth negotiations  

By: Martin Creamer     7th June 2017 Stop tinkering with sector charters and instead negotiate them in a manner that creates room for sizable growth, African National Congress (ANC) National Executive Committee member Dr Mathews Phosa urged on Wednesday. Delivering the keynote address at the Junior Indaba, the former premier of... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Kusile power plant project, South Africa

By: Sheila Barradas     17th March 2017 The Kusile power station’s Unit 1 has reached its full 800 MW load-generating capacity after initial synchronisation on December 26. 

Kusile power plant project, South Africa

By: Sheila Barradas     13th January 2017 Eskom connected the first power-generating unit of the new Kusile coal-fired power station at the end of December 2016. 

Court dismisses Afriforum’s interdict, Eskom to cut off defaulting municipalities

By: African News Agency      5th January 2017 The North Gauteng High Court on Thursday dismissed with costs AfriForum’s application to prevent Eskom from cutting off power of more than seven municipalities who are billions of rand in arrears. This comes after AfriForum and AfriBusiness sought to interdict Eskom’s planned reduction of the... 

These are SA's 3 worst performing provinces 

By: News24Wire      17th November 2016 The Free State, Mpumalanga and North West provinces failed to improve their audit outcomes over the past three years, according to Auditor General South Africa (AGSA). Auditor general (AG), Kimi Makwetu, shared the past year’s audit results at a press briefing held at Parliament on Wednesday. 

Kusile power plant project, South Africa

By: Sheila Barradas     11th November 2016 Eskom has reported that work is progressing well at the project. 

Black business pioneer raises concern about IPP uncertainty

By: Terence Creamer     16th September 2016 One of South Africa’s pioneering black-owned companies, Thebe Investment Corporation, says it is critical that the prevailing uncertainty surrounding the future of independent power producers (IPPs) be urgently resolved, saying that the current “confusion is not appreciated” by it and other... 

Cashbuild Reports Record Set Of Results

30th August 2016 • Revenue for the year increased by 13% to R8,7 billion  • Operating profit, excl BEE, up 33% to R612 million • Headline earnings, excl BEE, increased by 41% to R494 million • Total dividend per share growth of 41% to 1 001 cents Cashbuild, southern Africa’s largest retailer of quality building... 

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