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Sanral to restart, wrap up adjudication process on cancelled tenders by end September

By: Irma Venter Updated 7 hours ago The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at a media conference in... →

Joburg aims to partner with IPPs on R26bn electricity investment strategy

By: Terence Creamer 23rd May 2022 The City of Johannesburg says it plans to partner with independent power producers (IPPs) on a R26-billion electricity investment strategy, which is designed to end load-shedding and place City Power on a more financially and environmentally sustainable footing. The strategy involves a... →

Joburg skyline

Nersa confirms registration of first two 100 MW projects

By: Terence Creamer 23rd May 2022 The National Energy Regulator of South Africa (Nersa) has confirmed the registration of the first two 100 MW projects following the August 2021 amendment of Schedule 2 of the Electricity Regulation Act allowing sub-100 MW projects to proceed without a licence. Both solar photovoltaic projects are... →

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target

By: Martin Creamer Updated 6 hours ago Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... →

South Africa's sun and wind can be put to crucial job creation.

BLSA calls for business-friendly policies

By: Tasneem Bulbulia 23rd May 2022 The public sector, labour and some civil society organisations must move away from the perception they often have of business as a single entity that they can negotiate with, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her weekly newsletter. “I... →

Nedbank arranges R500m sustainability-linked loan for Old Mutual Property

By: Schalk Burger Updated 7 hours ago Financial services firm Nedbank Corporate and Investment Banking (CIB) has coordinated, arranged and structured a R500-million sustainability-linked credit facility for Old Mutual Property to encourage increased consumption of renewable energy as a percentage of Old Mutual Property’s total energy... →

Standard Bank opens access to renewable energy for homeowners

By: Darren Parker 23rd May 2022 Financial services company Standard Bank has announced that it is opening access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa through a new Africa-China Trade Solutions (ACTS) renewable energy import... →

Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh

Sunrise Energy reveals significant growth in LPG volumes at terminal

By: Darren Parker Updated 7 hours ago Liquefied petroleum gas (LPG) terminal operator Sunrise Energy has revealed its latest data on LPG imported through its independent terminal at Saldanha Bay in the Western Cape. Sunrise operates the LPG import terminal under exclusive concession from the Transnet National Ports Authority,... →

Barloworld posts solid interim HEPS, but lower BEPS amid Eurasian headwinds

By: Marleny Arnoldi 23rd May 2022 Diversified group Barloworld has delivered a noteworthy increase in group operating profit of 34.7% year-on-year to R2.8-billion for the first six months ended March 31, despite starting to feel the pinch from Eurasian volatilities. The industrial brand-owner plans on paying a 165c apiece... →

ACSA reports high passenger network recovery across all airports

By: Tasneem Bulbulia 23rd May 2022 The aviation sector is showing some promising signs of recovery, following two years of Covid-19 restrictions that severely impacted on the global industry. This year expected to be a year of steady rebound and renewed activity, Airports Company South Africa (ACSA) says. →

South African food inflation slowed a little in April, but still heading up

By: Rebecca Campbell 23rd May 2022 South African food (and non-alcoholic beverages) inflation decelerated slightly last month, in both year-on-year (y-o-y) and month-on-month (m-o-m) terms, the Bureau for Food and Agricultural Policy (BFAP) has reported. In its latest Food Inflation Brief, the think tank noted that y-o-y food... →

PwC says South African companies must integrate, internalise ESG for long-term sustainability

By: Schalk Burger 23rd May 2022 The environmental, social and governance (ESG) performance of businesses can have a direct impact on societal wellbeing and University of Oxford Sustainable Finance Programme research shows that an increase in company-level ESG performance can result in a positive effect on a country’s living... →

ESG trends pose potential for Africa’s chemicals sector

By: Tasneem Bulbulia 23rd May 2022 Global trends indicate that the chemicals sector is increasingly being driven by environmental, social and governance (ESG) considerations and that decarbonisation is often a key rationale behind investments and divestments in the sector, except for Africa, where investments understandably lagged... →

Sedibeng Water Board disestablishment gains momentum

By: Natasha Odendaal 23rd May 2022 Water and Sanitation Minister Senzo Mchunu has signed off on the gazette to transfer staff, assets and liabilities of the Free State-based Sedibeng Water Board to the Magalies and Bloem water boards. The gazette, published on May 20, is open for public comment for 40 days. →

Necsa mourns passing of Dr Namane Magau

By: Schalk Burger Updated 6 hours ago The South African Nuclear Energy Corporation (Necsa) on May 23 said it was saddened and devastated at the passing of Human Resource and Ethics subcommittee chairperson Dr Namane Magau, who was also a board member of Necsa subsidiary NTP Radioisotopes, on May 20. "She carried her responsibilities... →

Dr Namane Magau

Willie Lategan to succeed Saks Ntombela as Hollard group CEO

By: Tasneem Bulbulia Updated 7 hours ago Insurance company the Hollard Insurance Group announces that Willie Lategan, former Group CFO and currently CEO of Hollard’s short-term insurance arm, will take over from Saks Ntombela as Hollard Group CEO with effect from July 1. This follows on Ntombela’s announcement that he would be leaving... →

Willie Lategan

Enviro dept provides vehicles to 20 municipalities for integrated waste management

By: Schalk Burger Updated 6 hours ago The Department of Forestry, Fisheries and the Environment (DFFE) has provided 24 vehicles to 20 municipalities across the country, at a cost of R44.5-million, to highlight and raise awareness on the amendments to the Municipal Infrastructure Grant policy and to improve waste management in... →

Boeing competitor for Nasa commercial crew transport successfully docked at space station

By: Rebecca Campbell Updated 7 hours ago The Boeing CST-100 Starliner capsule successfully docked with the International Space Station (ISS) at 02h28 South African time on Saturday. Members of the ISS crew opened the Starliner’s hatch at 18h04 South African time, that same day. This marked the conclusion of the first part of the second... →

'No attempt to disguise' latest incident of sabotage at Eskom power station as another cable is cut

By: News24Wire 23rd May 2022 A cable on Unit 1 at Eskom's Matla Power Station was cut over the weekend in what is now the fourth incident of suspected sabotage at a power station in the past two weeks. News24 understands that on Sunday officials discovered the cut cable, but the 575-megawatt unit had fortunately not tripped... →

Rand supported by S&P outlook upgrade

By: Reuters 23rd May 2022 he South African rand was slightly stronger early on Monday, supported by ratings agency S&P upgrading the country's sovereign outlook to "positive". S&P on Friday revised its outlook from "stable" and affirmed the foreign and local currency ratings on favourable terms of trade and a path toward... →

AfDB starts fund to wean continent off Russian wheat

By: Bloomberg 20th May 2022 Africa’s biggest multilateral lender announced a $1.5-billion fund to boost grain production to help avert potential food shortages stemming from Russia’s war with Ukraine. The African Development Bank will use the facility to supply about 20-million farmers with climate-smart certified seeds and... →

AfCFTA holds opportunities for South African industry

By: Tasneem Bulbulia 20th May 2022 With progress being made on negotiations for the implementation of the African Continental Free Trade Area (AfCFTA), South Africa’s steel industry could capitalise on opportunities emanating from AfCFTA agreement, once it is implemented. Tralac Trade Law Centre executive director Trudi... →

Steel master plan conference reveals action areas that need urgent attention

By: Tasneem Bulbulia 20th May 2022 There are a number of areas with clear to-do lists and action plans that the industry must collaboratively undertake to ensure the successful implementation of the steel industry master plan. Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza told... →

DWS stresses commitment to Phase 2 of the Vaal Gamagara Water Supply Scheme

By: Yvonne Silaule 20th May 2022 The Northern Cape stands to benefit to the tune of R10-billion when Phase 2 of the Vaal Gamagara Water Supply Scheme (VGWSS) is implemented, Water and Sanitation Minister Senzo Mchunu has announced. The construction of the bulk water supply project is critical to both the mining sector and... →

Platinum jewellery continuing to drive 25% of platinum demand

By: Martin Creamer 20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... →

Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Forum set up to improve cooperation between Eskom, Transnet and domestic industrialists

By: Terence Creamer 20th May 2022 A new forum comprising Eskom, Transnet and domestic industrialists is to be established to improve collaboration between the two large infrastructure-focused State-owned companies and domestic manufacturers and suppliers. The initiative was unveiled by Ministers Pravin Gordhan and Ebrahim Patel... →

Photo by Creamer Media Chief Photographer Donna Slater
Trade, Industry and Competition Minister Ebrahim Patel

Tau outlines GDED budget progress

By: Natasha Odendaal 20th May 2022 As Gauteng Economic Development; Environment, Agriculture and Rural Development MEC Parks Tau delivered the 2022/23 departmental budgets, he outlined the progress that Gauteng has made across the Gauteng City Region. The Gauteng Department of Economic Development’s (GDED’s) pre-designation work... →

Medupi units 1 to 3 at full load, Eskom to bring damaged unit 4 online in August 2024

By: Schalk Burger 20th May 2022 State-owned power utility Eskom this week revealed that it had implemented repairs and fixes to generation Units 1 to 3 at the Medupi power station, and that the units are operating at full load, producing 720 MW of electricity each. Unit 4, which was damaged in a generator explosion, after... →

Photo by Creamer Media's Schalk Burger
The Medupi power station

Mantashe says fuel levy cut won't be extended beyond May

By: News24Wire 20th May 2022 Petrol prices may surge by more than R3.50 a litre in the first week of June, with Gwede Mantashe, Minister of Mineral Resources and Energy, saying that the general fuel levy cut will fall away at the end of May. The levy was cut by R1.50 a litre for April and May as government sought to relieve... →

Minister of Mineral Resources and Energy Gwede Mantashe

Boeing’s new space capsule successfully launched on second uncrewed test flight

By: Rebecca Campbell 20th May 2022 Boeing’s CST-100 Starliner space capsule was successfully launched, on a United Launch Alliance Atlas V rocket, from Space Launch Complex 41 at the Cape Canaveral Space Force Station in the US State of Florida at 00h54 on Friday morning, South African time (18h54 Thursday, US Eastern Daylight... →

Photo by Nasa
The Starliner capsule is successfully launched on its second uncrewed test flight by an Atlas V rocket

Gordhan reports yet another sabotage incident at Hendrina power station

By: Terence Creamer 20th May 2022 A day after Eskom confirmed incidents of sabotage at its Tutuka power station, Public Enterprises Minister Pravin Gordhan alleged that another incident of sabotage had taken place at the Hendrina power station. The Hendrina incident raises to six the number of incidents of suspected sabotage that... →

Photo by Creamer Media Chief Photographer Donna Slater
Public Enterprises Minister Pravin Gordhan

Wits launches Entrepreneurship Clinic to develop aspiring entrepreneurs

By: Thabi Madiba 20th May 2022 University of the Witwatersrand School of Business Sciences senior lecturer and project leader Dr Robert Venter on Friday described the new Wits Entrepreneurship Clinic as a force for change and redress as it tackled the core challenges facing South African society. Wits launched the WEC, which... →

Wits senior lecturer Dr Robert Venter

Gauteng Provincial Treasury budget focuses on economy, own revenue improvement

By: Creamer Media Reporter 20th May 2022 Gauteng Finance and e-Government MEC Nomantu Nkomo-Ralehoko is focusing on jobs and the economy in the last two-and-a-half years of this political term of government amid significant challenges faced over the past few years. Presenting the Gauteng Provincial Treasury’s Budget Vote in “complex and... →

Stage 2 load-shedding in the evenings all weekend – Eskom

By: News24Wire 20th May 2022 Eskom says a shortage of generation capacity has persisted, and Stage 2 load shedding will be implemented from 17:00 to 22:00 on Friday, Saturday and Sunday. "As previously communicated, due to the continued shortage of generation capacity Stage 2 load shedding will be implemented from 17:00... →

Kibo Energy appoints new CFO

By: Marleny Arnoldi 20th May 2022 Aim- and AltX-listed energy developer Kibo Energy has appointed Cobus van der Merwe group CFO and Pieter Krügel CEO of Kibo subsidiary Mast Energy Developments, effective June 1. Van der Merwe brings to the position more than a decade of experience in managerial and executive roles in the... →

Is the steel master plan delivering?

By: Creamer Media Reporter 20th May 2022 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about whether the steel master plan is delivering; the lack of demand that is negatively impacting on the industry and how localisation could help to boost demand; and the electricity supply and rail and port... →

Is the steel master plan delivering?

Megger solidifies commitment to Africa with new Durban-based office

By: Simone Liedtke 20th May 2022 With South Africa being one of four regional economic “hotspots” in Africa, testing and measurement equipment manufacturer Megger has chosen the country to be the host of its first African office, which it believes signals “a strong commitment to the African continent”. This, says Megger Africa... →

City of Johannesburg partners with IITPSA to support ICT and digital skills development

By: Creamer Media Reporter 20th May 2022 The City of Johannesburg’s Department of Economic Development has signed a Memorandum of Understanding (MoU) with the Institute for Information Technology Professionals South Africa (IITPSA) to collaborate on information and communication technology (ICT) sector development and digital skills... →

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Sungrow is Committed to Driving Southern Africa Region’s Clean Power Transition with Industry-Leading Solutions and Dedicated Local Service

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