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Repurposed EV battery cells to become vital cog in circular economy – Revov

By: Irma Venter 25th January 2022 Electric vehicle (EV) batteries are designed to withstand high charge and discharge rates, as well as extreme operating conditions. However, the current elephant in the room in the EV industry is what happens to the battery when it needs to be replaced, says Revov MD Lance Dickerson. →

Photo by Elmorex
Revov installation at Shikwaru Lodge

Telkom’s iWayAfrica, Africa Online Mauritius and Multi-Links transaction under the SIU spotlight

By: Natasha Odendaal Updated 3 hours ago Telecommunications group Telkom has assured stakeholders that it follows robust governance principles following President Cyril Ramaphosa’s green light for an investigation into possible maladministration in the sale or disposal of iWayAfrica, Africa Online Mauritius and Multi-Links... →

CEF in the clear with exec appointments

By: Marleny Arnoldi Updated 1 hour 12 minutes ago The board of the Central Energy Fund (CEF) says the Auditor-General’s (AG’s) final management report relating to the appointment of CEF executives confirms that the appointment processes were conducted lawfully and in accordance with internal recruitment policies. The CEF recently appointed... →

South African growth to slow to 2.1% in 2022 – Fitch Solutions

By: Terence Creamer 25th January 2022 Fitch Solutions expects growth in South Africa to slow to only 2.1% in 2022, having expanded by an estimated 4.8% last year, as the base effects of 2021 fade and longstanding constraints come to the fore once again. Lacklustre economic activity in South Africa would also weigh on the performance... →

Fitch Solutions expects commodity prices to moderate in 2022

South Africa experiencing jobless growth, says PwC

By: Tasneem Bulbulia 25th January 2022 South Africa is experiencing jobless growth, with the country now topping the global charts for both aggregate unemployment, as well as youth unemployment, PwC Strategy&’s ‘SA Economic Outlook 2022’ report states. The document reports on PwC South Africa’s core macroeconomic forecasts for the... →

Solidarity attributes PetroSA retrenchments to mismanagement, poor political will

By: Donna Slater 25th January 2022 Trade union Solidarity claims that mismanagement and a lack of political will at South African national oil company PetroSA are the main reasons for a second retrenchment process instituted within 12 months of a previous process at the company.  According to Solidarity, the State-owned enterprise... →

Sars' revenue collection down 7.8% in 2021

By: Schalk Burger 25th January 2022 The National Treasury and the South African Revenue Service (Sars) Tax Statistics 2021 edition shows that during the 2020/21 financial year, total tax revenue collections declined by 7.8% to R1.25-trillion from the R1.36-trillion collected in the preceding year. "Revenue collections in the... →

Index shows South Africa has reached a standstill in efforts to curb corruption

By: Tasneem Bulbulia 25th January 2022 The release of the Transparency International’s 2021 Corruption Perceptions Index (CPI) reveals that South Africa, along with many other countries in the world, has reached a virtual standstill in its efforts to curb corruption, as human rights abuses and the erosion of democracy flourish, says... →

KOKO aims to replace charcoal in $47bn cooking fuel market

By: Bloomberg Updated 3 hours ago KOKO Networks, a startup targeting sub-Saharan Africa’s $47-billion cooking-fuel market, plans to expand its ethanol stove manufacturing capacity 10-fold and then grow globally. The company manufactures its stoves in India and sells them, as well as the fuel they use, in Kenya. KOKO plans to... →

Cisco 2022 tech trend predicts ethical, responsible, explainable AI

By: Schalk Burger Updated 5 hours ago Information and communications network technology company Cisco says the growing use of artificial intelligence (AI) to process extreme quantities of data means AI needs to be transparent, so everyone using the system understands how the insights have been produced. Transparency must be present... →

Cisco Middle East and Africa CTO Osama Al-Zoubi

Ramaphosa releases SIU report, 2 803 irregular Covid-19 procurement contracts found

By: Sashnee Moodley 25th January 2022 The Special Investigating Unit’s final report on its investigation into the procurement of goods and services by government during the Covid-19 pandemic is now public. President Cyril Ramaphosa authorised the release of the report on Tuesday. In 2020 he authorised the SIU to investigate... →

President Cyril Ramaphosa

Isuzu appoints Marcia Mayaba as dealer, business development executive

By: Irma Venter 25th January 2022 Marcia Mayaba has joined the Isuzu Motors South Africa (IMSAf) senior executive team as the newly appointed department executive for dealer and business development. Mayaba has more than two decades’ experience in the automotive industry. She has been active in various fields, including truck... →

Marcia Mayaba

AMSA’s shares rise on expected earnings rebound

By: Tasneem Bulbulia 25th January 2022 Steel producer ArcelorMittal South Africa’s (AMSA’s) share price on the JSE rose by more than 18% on January 25 after the company reported that it expects to report a significant improvement in earnings for 2021. AMSA expects to report earnings a share of between R5.80 and R6.10 for the year... →

MTN secures best network ranking with Rohde & Schwarz score

By: Creamer Media Reporter 25th January 2022 Telecommunications giant MTN has been named South Africa’s best network after securing the highest score in Rohde & Schwarz SwissQual’s Network Performance Score findings. MTN ranked first in quality and performance with a score of 763 out of 1000 points, ahead of the 722 achieved by its nearest... →

PIC increases stake in PPC above 10%, while VCP lowers its interest to 13.75%

By: Tasneem Bulbulia 25th January 2022 JSE-listed PPC has received formal notification that the Public Investment Corporation (PIC) has acquired additional shares in the cement producer. The PIC now holds 10.249% of PPC’s shares in issue, an increase from the 5.37% of shares it previously held. →

PIC welcomes High Court's approval of proposed Steinhoff settlement

By: Schalk Burger 25th January 2022 The Public Investment Corporation (PIC) has welcomed the decision of the Western Cape High Court to approve Steinhoff International’s proposed global settlement, which aims to pay out claimants who suffered losses when the company lost its value as a result of alleged accounting irregularities.... →

Motus reports rise in new-vehicle sales, flags ongoing supply chain constraints

By: Donna Slater 25th January 2022 Automotive group Motus expects to report a 20% to 26% year-on-year improvement in operating profit to between R2.1-billion and R2.2-billion for the six months ended December 31. This translates into a profit before tax increase of between 40% to 50% year-on-year, rising from R1.28-billion for... →

Steve Griessel appointed Paramount Group CEO

By: Schalk Burger 25th January 2022 Aerospace and technology company Paramount Group has appointed US subsidiary Paramount USA CEO Steve Griessel as its group CEO with immediate effect. This comes as the group further globalises its operations and expands its network of strategic partnerships with governments and major corporations... →

Paramount Group CEO Steve Griessel

MSI assists young people with business development skills

By: Yvonne Silaule 25th January 2022 The Mpumalanga Stainless Initiative (MSI) will from next week run an entrepreneurship programme to assist young people to effectively start businesses or scale up existing small businesses into high-growth ventures, through structured entrepreneurship training. MSI is a nonprofit technology... →

Iata reports world air passenger traffic last year improved in comparison to 2020

By: Rebecca Campbell 25th January 2022 The International Air Transport Association (Iata) – the representative body of the global airline industry – has reported that air passenger traffic for the whole of last year, while still significantly down on the figure for 2019 (the last full year before the onset of the Covid-19 pandemic)... →

Air cargo records strong year with December performance

By: Tasneem Bulbulia 25th January 2022 The International Air Transport Association’s (Iata’s) data for global air freight markets shows that full-year demand for air cargo increased by 6.9% in 2021, compared with 2019 (pre-Covid-19 levels) and 18.7% compared with 2020 following a strong performance in December 2021. This was the... →

TIA gets new board to maximise technology innovation and commercialisation impact

By: Schalk Burger 25th January 2022 The public technology commercialisation agency the Technology Innovation Agency (TIA) has had a new board of directors appointed by Higher Education, Science and Innovation Minister Dr Blade Nzimande at a time when the agency is increasingly being called upon to find ways to maximise its impact... →

Global steel production increased by 3.7% y/y in 2021

By: Schalk Burger Updated 52 minutes ago World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) reached 1.95-billion tonnes in 2021 – a 3.7% year-on-year increase. China produced 1.03-billion tonnes – a 3% year-on-year decline. →

South African scientist helps discover world’s largest fish breeding colony

By: Darren Parker 25th January 2022 University of Pretoria Faculty of Natural and Agricultural Sciences lecturer in the Department of Zoology and Entomology Dr Mia Wege was part of an international collaborative research team that discovered one of the world’s largest fish breeding colonies in the southern Weddell Sea, Antarctica,... →

A breeding colony of notothenioid icefish

Artifical intelligence M&A deals grew by 33.5% in the past 12 months – GlobaData

By: Schalk Burger Updated 41 minutes ago Artificial intelligence (AI) sector deals have grown by 33.5% in the past 12 months, with the average deal valued at $159-million, says data and analytics company GlobalData. It adds that the number of AI deals is likely increasing as the technology becomes more advanced and more companies see... →

PBT Group to list on A2X

By: Schalk Burger 25th January 2022 JSE-listed data and analytics services company PBT Group has been approved for a secondary listing on South African stock exchange A2X and its shares will be available for trade on A2X from February 1. PBT Group will retain its primary listing on the JSE and its issued share capital will be... →

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater 25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... →

Pick n Pay rolls out licence renewal service to more stores, at lower cost

By: Darren Parker 25th January 2022 Retailer Pick n Pay launched its new vehicle licence disc renewal service nationally on January 25. Customers can now renew their vehicle licence discs in more than 500 Pick n Pay stores across South Africa for R250 – which excludes the added courier fee of R99.99 for delivery to customers. →

Licence renewals can now be done at Pick n Pay

South Africa's RBCT exports lowest coal tonnage since 1996

By: Martin Creamer 25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. →

Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire 25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... →

Mineral Resources and Energy Minister Gwede Mantashe

Shell’s South African partner warns against halting oil search

By: Bloomberg 25th January 2022 Shell’s South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life and warned that halting searches could leave the country entirely dependent on crude imports. There is no evidence that seismic testing has “had any biologically significant... →

South Africa’s heaviest rain on record causes destructive floods

By: Bloomberg 25th January 2022 Large parts of South Africa’s most important farming provinces have been soaked by unprecedented rain, causing floods and crop damage and adding to concern that climate change is making weather cycles more erratic. Many districts across six of the country’s nine provinces experienced the most... →

Helios in talks with Africa mobile operators on fintech billions

By: Bloomberg 25th January 2022 Helios Investment Partners is in talks with African telecom operators and banks about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms. Africa’s largest wireless carriers, including MTN Group and Airtel Africa, are among companies exploring... →

McKinsey pegs the price tag of a livable climate at $9.2tr a year

By: Bloomberg 25th January 2022 A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2-trillion a year through 2050. That’s at least $3.5-trillion more a year than the world is currently laying out for both low-carbon and... →

Western Cape dept launches contractors' framework targeting women, youth

By: Yvonne Silaule 24th January 2022 The Western Cape Human Settlements Department has launched its contractors' framework, which aims to target particularly women- and youth-owned contractors. The department is inviting bids from engineering and construction contractors owned by historically disadvantaged individuals (HDIs) to... →

Many seeing platinum as hard asset, potential inflation hedge – WPIC

By: Martin Creamer 24th January 2022 There are a lot more people looking at platinum as a hard asset and potential hedge against inflation, World Platinum Investment Council director of research Trevor Raymond said on Monday. Responding to Mining Weekly’s questions on what has been driving the platinum up over the last two weeks,... →

WPIC Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Business school gets new law school head

By: Darren Parker 24th January 2022 Global education institution Regenesys Business School announced on January 24 that it had appointed former deputy Public Protector Kevin Malunga as the new School of Law academic head, effective January 1. →

PRASA reiterates commitment to improving service reliability

By: Tasneem Bulbulia 24th January 2022 State-owned Passenger Rail Agency of South Africa (PRASA) has issued a statement clarifying a number of issues raised in an article published in the Sunday Times on January 23. PRASA stated that, with regard to the issue of the leasing of the diesel locomotives for the long-distance train... →

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