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Curtailment framework submitted to Nersa as new deadline is set for restart of IPP procurement
Curtailment framework submitted to Nersa as new deadline is set for restart of IPP procurement
1st December 2023 By: Terence Creamer

Eskom has confirmed that it has delivered a curtailment framework, as well as its proposed Gated Generator Connection Process (GGCP) to the National Energy Regulator of South Africa (Nersa) for approval. However, it is not yet clear whether either... 


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Global economic growth for 2024 to be muted
1st December 2023 By: Schalk Burger

The global economy is expected to remain weak in 2024, but inflation is likely to gradually decrease, and rate cuts may be on the cards in the second half of the year economic forecasting and... 


Charles Dos Santos to succeed Rob Richardson as Air Products South Africa MD
1st December 2023 By: Tasneem Bulbulia

Air Products South Africa has announced that Charles Dos Santos will succeed Rob Richardson as MD with effect from February 1, 2024. Richardson has led the company since 2016 but has announced his... 


A passenger carrying a bag next to a carousel with luggage
ACSA urges airline passengers to adhere to hand baggage regulations
1st December 2023 By: Rebecca Campbell

With the high-demand Christmas season about to start, the Airports Company South Africa (ACSA) has called on airline passengers to adhere to the regulations regarding hand baggage (the bags that... 


Momentum Investments Research Hive research strategist Professor Evan Gilbert
Momentum sponsors machine learning in finance research chair with Stellenbosch University
1st December 2023 By: Schalk Burger

Investment management company Momentum Investments has established the Momentum Investments Research Chair for research into machine learning (ML) in finance in conjunction with Stellenbosch... 


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ArcelorMittal longs business closure to impact on jobs, industrial capacity
1st December 2023 By: Creamer Media Reporter

Creamer Media editor Terence Creamer discusses ArcelorMittal South Africa's announcement that it may cut about 3 500 jobs as it plans to wind down its long-products business; the reasons for it... 


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Mining's net fixed capital formation, shown in blue, must be boosted.
Greenfield investment lagging badly, mining’s contribution to economy halved
1st December 2023 By: Martin Creamer

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last... 


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South Africa warns others not to go from electricity to darkness
1st December 2023 By: Bloomberg

One of the architects of South Africa’s groundbreaking deal with rich nations to move more quickly away from coal sounded a note of caution to other countries considering similar agreements.... 


Magazine round up | 01 December 2023
Magazine round up | 01 December 2023
1st December 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  


Tongaat BRPs publish proposed rescue plans
30th November 2023 By: Darren Parker

The business rescue practitioners (BRPs) of sugar company Tongaat Hulett have published updated business rescue plans for the company and its subsidiaries, Voermol Feeds and Tongaat Hulett Sugar... 


Commission addressing gaps, challenges in BBBEE
30th November 2023 By: Tasneem Bulbulia

The Broad-based Black Economic Empowerment (BBBEE) Act, now in its twentieth year, has achieved several successes, but challenges abound, and transformation is not at the requisite level, and the... 


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Mineral Resources and Energy Minister Gwede Mantashe
Mantashe says special Cabinet meeting will consider IRP update after Ministers request time to ‘apply their minds’
30th November 2023 By: Terence Creamer

Mineral Resources and Energy Minister Gwede Mantashe confirmed that an update of the Integrated Resource Plan, which he has previously dubbed ‘IRP2023’, had served before Cabinet on November 29,... 


Hudaco to acquire Plasti-Weld for its engineering consumables segment
30th November 2023 By: Schalk Burger

JSE-listed Hudaco will acquire the trading assets and liabilities of specialist plastic equipment importer Plasti-Weld Business from December 1 for a maximum of R56-million, which will be funded... 


Four utility-scale battery projects worth R10bn selected following inaugural public tender
Four utility-scale battery projects worth R10bn selected following inaugural public tender
30th November 2023 By: Terence Creamer

The South African government has selected preferred bidders for the development of four utility-scale battery energy storage system (BESS) projects in the Northern Cape, with a combined investment... 


Sierra Leone to get its first wind farm next year
30th November 2023 By: Rebecca Campbell

UK-based renewable energy group Octopus Energy has announced that it has entered a partnership to develop the first ever wind farm in the West African country of Sierra Leone. Its partner in the... 


Baled plastic waste
Despite no consensus on global plastics instrument, South Africa is making progress – Creecy
30th November 2023 By: Schalk Burger

While the third meeting of the Intergovernmental Negotiating Committee, held in November, could not reach a consensus on the zero-draft text for a legally binding instrument to coordinate global... 


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Magazine round up | 01 December 2023
Magazine round up | 01 December 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

PRICE RISE: In late November, uranium prices topped $80 a pound for the first time in more than 15 years. Bloomberg reports that prices have rallied during 2023, after more than a decade of moving sideways, amid interest in nuclear and numerous production challenges. While spot uranium (picture here in the form of a yellowcake concentrate) is a thinly traded market, the term price — which is more important for power plants — has also been trending higher. Photograph: Bloomberg
PRICE RISE

In late November, uranium prices topped $80 a pound for the first time in more than 15 years. Bloomberg reports that prices have rallied during 2023, after more than a decade of moving sideways,... 

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Hats off to Utshalo for going all out to reawaken South Africa’s public markets

South Africa has a pressing need to reawaken its public markets and Utshalo must be complimented for setting out to do just that.  The brainchild of Ince and Paul Miller is providing a platform to... 

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Green growth and jobs

Transitioning South Africa’s energy ecosystem from its current over-reliance on coal to one progressively based on the country’s natural advantages of abundant sun, wind and land will take decades.... 

Business Leader

Nitesh Singh, communications media and technology lead for for Africa at Accenture
Nitesh Singh

This week we profile Nitesh Singh, communications media and technology lead for for Africa at Accenture, a global professional services company that helps businesses, governments and other... 

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COSTLY CONGESTION

The pile-up of ships outside South African ports is a costly reminder of the risks associated with mismanagement and corruption at a State-owned monopoly. Some vessels have been left at anchorage... 

Showroom

Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions

Our intelligent surface drill rigs bring the latest technology to surface mining applications. Designed to work in the toughest operating...

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Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

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Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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