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Grindrod and partners create new export route for Botswana coal

By: Irma Venter     Updated 36 minutes ago Grindrod’s Matola terminal at the Port of Maputo says it has welcomed its second coal train from Botswana. The terminal also managed to successfully discharge the 50 wagons using the terminal’s tipplers. The first train arrived at the port in April, marking a milestone for Grindrod’s Mozambican... 

Image of a coal stacker

Stefanutti reaches settlement in Green Point Stadium civil case

By: Tasneem Bulbulia     Updated 1 hour 28 minutes ago JSE-listed Stefanutti Stocks says it has reached an agreement with the City of Cape Town regarding a civil claim against it, as well as fellow contractors WBHO Construction and Aveng Africa, in relation to the construction of the Green Point Stadium. Although the parties remain confident of their... 

Transaction Capital posts 38% increase in interim headline earnings

By: Schalk Burger     Updated 18 minutes ago JSE-listed diversified services investment company Transaction Capital has posted a 38% year-on-year increase in core headline earnings to R603-million for the six months ended March 31. Core headline earnings a share increased by 28% year-on-year to 83.7c for the interim period. 

Inflation hits 5.9% for third time in five months, with big hikes in fuel and food

By: News24Wire      Updated 1 hour 40 minutes ago Annual consumer price inflation remained unchanged at 5.9% in April 2022, Statistics SA reported on Wednesday. This is the third time in five months that the rate hit 5.9% - which is close to the Reserve Bank’s upper target rate for inflation of 6%. Consumer inflation last breached 6% in 2017. 

Grocery shopping

Eskom compiling ‘consolidated proposal’ for ending load-shedding crisis 

By: Terence Creamer     17th May 2022 Eskom CEO André de Ruyter has revealed that the utility is compiling a “consolidated proposal” on how to end the ongoing electricity crisis, including how to introduce much-needed new generation capacity in the shortest possible time. The State-owned utility estimates the current shortfall to be... 

Eskom CEO André de Ruyter
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO André de Ruyter

Ramaphosa tables fourth part of Zondo report, Parliament to start working on published parts

By: News24Wire      Updated 3 hours ago President Cyril Ramaphosa tabled the fourth part of the State Capture Inquiry's report with Parliament on Tuesday - and, in a turnaround from the African National Congress's (ANC's) previous stance, affected committees will deal with the published parts of the report. "Parliament confirms receipt... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Aspen’s Covid flop bodes ill for Africa’s vaccine making drive

By: Bloomberg     Updated 2 hours 39 minutes ago Africa’s drive to set up a vaccine industry after being left at the back of the queue in the global scramble for Covid-19 shots has stumbled at the first hurdle. As the omicron variant was spreading through South Africa late last year, the continent’s biggest pharmaceutical company was... 

Covid-19 vaccine vials at Aspen's manufacturing plant in South Africa

Land Bank's 2-year lending drought to farmers to end by September, Parliament hears

By: News24Wire      Updated 2 hours 28 minutes ago The Land Bank on Tuesday told Parliament that it would resolve the default on its debt by the end of September, ending a period of two years in which it has not been able to lend to farmers. The "liability solution" – which is the offer it will make to institutions that still hold its listed... 

South African farmland

Opening of new Cape Town call centres to boost the city’s R14bn industry 

By: Irma Venter     17th May 2022 The opening of new call-centre sites in Cape Town shows that the city’s business process outsourcing (BPO) industry is shining brighter than ever, says City of Cape Town Economic Growth MMC James Vos. Teleperformance’s Observatory site currently hosts 1 500 staff, servicing four clients from the... 

Image of a headset

Nampak to post higher interim earnings

By: Marleny Arnoldi     Updated 1 hour 4 minutes ago Packaging group Nampak expects to report headline earnings per share (HEPS) of between 33c and 36.5c for the six months ended March 31. This is an improvement of between 91% and 109% year-on-year, which the company attributes to improved trading conditions and lower net devaluation losses... 

Nampak cans

Nedbank invests in RapidDeploy for rapid response technology for public safety

By: Schalk Burger     Updated 55 minutes ago Financial services firm Nedbank has made an equity investment into emergency response technology platform RapidDeploy to deliver life-saving rapid response technology for public safety. The firm notes that investment in such technologies is necessary owing to the antiquated, legacy technology... 

Grindrod Shipping to sell tanker for $30m

By: Darren Parker     Updated 37 minutes ago JSE- and Nasdaq-listed global maritime transportation services company Grindrod Shipping has entered into a contract to sell its 2016-built medium-range product tanker Matuku for $30-million. Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and... 

PRASA starts rehabilitation work on three Gauteng corridors

By: Irma Venter     17th May 2022 The Passenger Rail Agency of South Africa (PRASA) says it will terminate rail services on three Gauteng corridors for the next few months to allow for the rehabilitation and restoration of the electrical cables and traction substations that were vandalised or stolen during the Covid-19 Level 5... 

Image of a PRASA train

When Africans asked for Covid shots, they didn't get them. Now they don't want them

By: Reuters     Updated 2 hours 15 minutes ago It's noisy inside the Mamprobi clinic in Accra as kids clamber over their mothers while they wait to get their measles vaccines. Outside, an area reserved for Covid-19 shots is empty. A health worker leans back in his chair and scrolls on a tablet. One woman, waiting to get her daughter... 

Nasa and Boeing planning second uncrewed test flight of latter’s spacecraft for this week

By: Rebecca Campbell     Updated 7 hours ago The US National Aeronautics and Space Administration (Nasa) and giant US aerospace group Boeing hoped to launch the latter’s CST-100 Starliner spacecraft on its second uncrewed test flight on Thursday. This demonstration flight would see the CST-100 Starliner fly to and dock at the International... 

Pollution killing 9m people a year, Africa hardest hit – study

By: Reuters     Updated 1 hour 12 minutes ago Worsening outdoor air pollution and toxic lead poisoning have kept global deaths from environmental contamination at an estimated nine-million a year since 2015 – countering modest progress made in tackling pollution elsewhere, a team of scientists reported Tuesday. Air pollution from industry... 

Lockheed Martin, US Air Force, successfully test hypersonic weapon

By: Rebecca Campbell     Updated 1 hour 5 minutes ago US giant aerospace and defence group Lockheed Martin and the US Air Force (USAF) jointly announced on Tuesday that, together, they had successfully flight-tested a hypersonic weapon. The weapon is designated the AGM-183A Air-launched Rapid Response Weapon (ARRW). For the test flight, the ARRW was... 

An artist’s impression of the ARRW glide body
Photo by Lockheed Martin
An artist’s impression of the ARRW glide body

PMI provides new construction sector leader courses and certification

By: Schalk Burger     17th May 2022 Project professionals association the Project Management Institute (PMI) has introduced a series of seven courses to improve project management skills in the construction industry, leading to a construction professional in built environment projects (CPBEP) certification. The construction... 

UP Centre for Future of Work to produce publications, provide advisory services and training

By: Schalk Burger     17th May 2022 The Centre for the Future of Work (CFoW), launched by the University of Pretoria (UP) on May 17, will be Africa’s centre of excellence on the future of work, producing scientific and popular publications, advisory services and training, said CFoW director and UP Faculty of Economic and Management... 

RMB Ventures invests in Inhance supply chain technology business

By: Schalk Burger     17th May 2022 Financial services firm Rand Merchant Bank private equity arm RMB Ventures has concluded an investment in supply chain technology and services business Inhance Supply Chain Solutions. RMB Ventures invested alongside black-owned investment firm New GX Capital Holding, which acquired a majority... 

Pick n Pay, Takealot partner to sell groceries, liquor on Mr D app

By: Darren Parker     17th May 2022 Retail chain Pick n Pay and online store Takealot have signed a commercial services agreement which will enable customers across South Africa to buy Pick n Pay food, groceries and liquor on a new platform on the food delivery services application (app) Mr D.   In a statement issued on May 17, the... 

Pick n Pay delivery bikes parked in front of a store

BII, Citi sign $100m risk-sharing facility for African supply chain finance

By: Schalk Burger     17th May 2022 UK development finance institution British International Investment (BII) has signed a $100-million risk-sharing facility for supply chain finance with trade and supply chain finance solutions multinational Citi to provide systemic liquidity and help Citi grow its supply chain finance product... 

Small-scale farming collaborative gains momentum

By: Donna Slater     17th May 2022 The rethinking of food systems for South Africa needs to start with individual food producers on the ground and expand from there – as laid out in a project called “Towards recalibrating food systems during and beyond the Covid-19 pandemic”, which started in October 2020. Funded by the World... 

Google for Startups Black Founders Fund for Africa applications opened

By: Natasha Odendaal     17th May 2022 Google has opened applications for the second cohort of the Google for Startup Black Founders Fund Africa, which will see 60 eligible black-founded startups across Africa receive a share of $4-million. Prospective applicants have until May 31 to apply, with the winners set to be announced on July... 

Law firm drawing on giga-scale hydrogen project experience to derisk new ventures  

By: Martin Creamer     17th May 2022 Lack of expertise about getting giga-scale hydrogen projects off the ground is a big problem in the industry, say Allen & Overy South Africa’s Alessandra Pardini and Alexandra Cluver, who believe they know how best it should be done from experience gained through project managing three of the... 

International law firm speaks to Mining Weekly’s Martin Creamer on giga-scale hydrogen projects. Video: Nicholas Boyd.

Rolls-Royce technology brings a once science-fiction weapon closer to routine use

By: Rebecca Campbell     17th May 2022 UK-based global major propulsion and power systems and technology group Rolls-Royce reported on Tuesday that a power and thermal management system that it had developed to provide energy for laser weapons had performed successfully during multiple and extended field tests. This system, designated... 

NUM shocked at decision to place Ubank under curatorship

By: Tasneem Bulbulia     17th May 2022 Trade union the National Union of Mineworkers (NUM) says it is “shocked and surprised” by Reserve Bank governor Lesetja Kganyago’s decision to place Ubank under curatorship. The union says this happened despite the Ubank’s board having committed on the night of May 16 that it would raise the... 

My Smart City adds leisure, services and insights functions

By: Schalk Burger     17th May 2022 Citizen public service platform My Smart City has launched the In the City feature, which provides local leisure offerings, performance insights and value-added services for city residents to connect to a city and to boost citizen activity, positively affecting the economy, says software... 

Forum established to support informal economy

By: Schalk Burger     17th May 2022 The Informal Economy Development Forum (IEDF) is a new body that has been set up to drive growth within the sector, support informal economy workers and function as the conduit between government, corporate South Africa and the informal economy. The IEDF’s key objectives are to improve the... 

Kibo secures deal to develop, deploy CellCube-based energy storage solutions in Southern Africa

By: Schalk Burger     17th May 2022 Energy company Kibo Energy has signed a rolling five-year agreement with energy storage company Enerox’s subsidiary CellCube to develop and deploy CellCube-based long-duration energy storage (LDES) solutions in selected sectors in Southern Africa. Kibo has been granted conditional exclusive... 

MIC Khulisani Ventures concludes first allocation with tech companies

By: Tasneem Bulbulia     17th May 2022 The Mineworkers Investment Company’s (MIC’s) Khulisani Ventures has concluded its first allocation of R43.5-million to technology companies Kelo and Rentoza. In July 2021, MIC launched MIC Khulisani Ventures, a R150-million early-stage investment vehicle targeting black-owned innovative,... 

IFC partners with Rameda to ‘green’ its pharmaceutical business in Egypt

By: Donna Slater     17th May 2022 The International Finance Corporation (IFC) is partnering with Egypt-based pharmaceutical producer Rameda, to support the company’s strategy to “green” its operations and improve its production efficiencies to boost the company’s productivity. Through the partnership, the IFC will help Rameda –... 

Stage 3 load-shedding planned for Tuesday night, for now

By: News24Wire      17th May 2022 South Africa is still currently on track for Stage 3 load-shedding between 17:00 and 22:00 on Tuesday as a lack of capacity has left the country with evening power cuts for the rest of the week. Eskom had initially said there would Stage 3 load-shedding on Monday night as well, but had to... 

Electricity pylons

Developing countries have opportunity to call for greater access to nuclear energy, technology

By: Schalk Burger     17th May 2022 States that do not have nuclear weapons, which include most developing countries, have an opportunity to demand greater access to nuclear sciences and technologies for peaceful purposes, including for energy, industry and medicine, at the tenth review conference of the Treaty on the... 

The Koeberg nuclear power station
Photo by Creamer Media
The Koeberg nuclear power station

June's fuel price hike will be a shock 'never seen before', warns AA 

By: News24Wire      17th May 2022 According to the latest data from the Central Energy Fund, petrol and diesel prices currently look set for large increases in the first week of June. Adding to the blow is the return of the full general fuel levy, which government cut by R1.50 per litre for two months. The levy is supposed to be... 

Elephant trade curbs spur African nations to seek common stance

By: Bloomberg     17th May 2022 African nations from Senegal to Botswana will seek to formulate a continent-wide position on the trade in live elephants and ivory, an attempt to counter restrictions imposed by the United Nations Convention on International Trade in Endangered Species of Wild Fauna and Flora, or CITES.... 

Steel industry carbon emissions to drop nearly a third by 2050 – WoodMac

By: Reuters     17th May 2022 Carbon dioxide emissions from the world's steel sector will fall 30% by 2050 compared with last year as more mills turns to less-polluting electric arc furnaces (EAF), consultancy Wood Mackenzie (WoodMac) said in a study on Tuesday. Around 48% of global crude steel will be made via EAF by 2050,... 

IPP Office head says stakeholder alignment key to regular, investment-promoting procurement rhythm 

By: Terence Creamer     17th May 2022 The head of South Africa’s Independent Power Producer (IPP) Office believes that improved stakeholder management and alignment are key to overcoming delays to the introduction of urgently required new electricity capacity and to creating the predictable “procurement rhythm” required to attract... 

IPP Office head Bernard Magoro
IPP Office head Bernard Magoro

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