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EVs of all kinds to overtake ICEs by 2030, says KPMG survey

By: Irma Venter     Updated 2 hours 25 minutes ago For the first time in the history of the KPMG Global Automotive Executive Survey, executives think that by 2030 the largest share of vehicles will not be powered by an internal combustion engine (ICE). Executives also feel that fuel-cell electric vehicles (FECVs), battery-electric vehicles... 

EVs of all kinds to overtake ICEs by 2030, says KPMG survey

South Africans must work together on an accelerated economic recovery plan – Exxaro 

By: Martin Creamer     Updated 41 minutes ago South Africans must work together on an accelerated economic recovery plan that focuses on inclusive growth and prosperity for all citizens, Exxaro Resources CEO Mxolisi Mgojo  said on Thursday. Speaking during the black-empowered resources company’s presentation of very strong dividend-yielding... 

Exxaro CEO Mxolisi Mgojo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Operators call for lower spectrum pricing

By: Natasha Odendaal     Updated 27 minutes ago While the imminent auction of high-demand spectrum by the end of the year is a promising step forward for South Africa’s fifth-generation (5G) ambitions, if the price is set too high in the bidding process, it may prove detrimental. The interim findings of a study by World Wide Worx into the... 

PPC progresses restructuring initiatives

By: Marleny Arnoldi     Updated 30 minutes ago In reiterating the objective and current status of its restructuring and refinancing project, JSE-listed cement manufacturer PPC on August 13 said it remained on track to reach the necessary agreements for sustainable capitalisation of the company across the geographies that it operates in. The... 

Etion widens losses

By: Natasha Odendaal     Updated 3 hours ago JSE-listed Etion has reported a significant widening of its loss after tax for the year ended March 31, on the back of economic weakness, one-off restructuring costs and write-offs and impairments. The group posted a 1 237% plunge in loss after tax, from a loss of R2.7-million in the prior year... 

Eskom to resume rolling power cuts due to generation unit breakdowns

By: African News Agency      Updated 6 hours ago South Africa's electricity utility Eskom said on Thursday it would implement rotational powercuts from 8am to 10pm  due to an increase in breakdowns of its generation units, warning that the blackouts could continue into the weekend. "The delay of the return to service of two units at Duvha and... 

 Eskom to resume rolling power cuts due to generation unit breakdowns

Growthpoint completes Lakeside Mall redevelopment

By: Donna Slater     Updated 4 hours ago Property developer Growthpoint Properties has introduced two new anchor tenants − Pick n Pay and Dis-Chem − to the Lakeside Mall, in Benoni, Gauteng. This follows the completion of the final phase of a three-year, R135-million upgrade. The reconfigured space represents 4 900 m2 of gross... 

Growthpoint completes Lakeside Mall redevelopment

ARB expects lower EPS for year ended June 2020

By: Creamer Media Reporter      Updated 4 hours ago JSE-listed ARB expects its earnings per share (EPS) for the year ended June 30 to be between 34.46c and 40.21c. This is 30% to 40% lower than the EPS of 57.44c reported in the preceding financial year. 

UIF TERS extended July/August applications to open next Monday

By: Donna Slater     Updated 4 hours ago The Unemployment Insurance Fund (UIF) will open and begin processing the July/August Covid-19 Temporary Employee Relief Scheme (TERS) benefits applications from August 17. This follows the signing of the new directive on the extended period of benefits by Employment and Labour Minister Thulas... 

Radio frequency monitoring satellites to be launched on SpaceX rocket

By: Rebecca Campbell     Updated 4 hours ago Luxembourg-domiciled space-based radio frequency (RF) reconnaissance data collection and provision company Kleos Space announced on Thursday that its next satellite cluster would be launched on a SpaceX Falcon 9 rocket. This will be Kleos’ second satellite cluster, the first set to be launched... 

SANEDI, MDA work together to support South African mineworkers

By: Simone Liedtke     Updated 6 minutes ago The South African National Energy Development Institute (SANEDI) and the Mineworkers Development Agency (MDA) have signed a partnership agreement that will result in them collaborating to bring relief to the country’s former mineworkers and their communities in the wake of mine closures and the... 

World faces four urgent global crises, says PwC's Blair Sheppard in new book

By: Tasneem Bulbulia     Updated 14 minutes ago The world has ten years to solve its urgent challenges or it will be too late, says global firm  PwC Strategy and Leadership global leader Blair Sheppard. In his new book, Ten Years to Midnight: Four Urgent Global Crises and Their Strategic Solutions, Sheppard sets out why that timeline is so... 

New blasting record set at Northern Cape mine

By: Simone Liedtke     Updated 2 hours 27 minutes ago Blasting services company Enaex Africa has set a new record for the highest number of detonators fired in a single blast in South Africa, by blasting 3 618 units at United Manganese of Kalahari's Russik mine, in the Northern Cape. Enaex´s subsidiary in Africa is a joint venture with... 

Chinese national killed at Zijin mining camp in Congo, company says

By: Reuters     Updated 4 hours ago A Chinese national was killed during an attack on a mining camp run by Zijin Mining Group in the early hours of Tuesday in southern Democratic Republic of Congo, a report on the company's website said. The employee was shot at the Carrilu cement and limestone mine in Lualaba province as camp... 

Exxaro pays dividend on 40%-higher half-year earnings

By: Martin Creamer     Updated 6 hours ago Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... 

Exxaro pays dividend on 40%-higher half-year earnings
Photo by Creamer Media
Exxaro CEO Mxolisi Mgojo

PwC, Unicef collaborate to boost skills of youth in South Africa

By: Tasneem Bulbulia     12th August 2020 Professional services firm PwC and the United Nations Children's Fund South Africa are collaborating to help prepare young people with relevant skills to enter the workforce. This is part of a three-year global collaboration between the two entities in support of Generation Unlimited, a... 

Ramaphosa prepares to ease lockdown restrictions

By: Bloomberg     12th August 2020 South African President Cyril Ramaphosa is preparing to ease lockdown restrictions, including the possible scrapping of an alcohol sales ban, according to people familiar with the matter. The country will move to so-called alert level 2, although details of which curbs will be retained are still... 

Airbus space-based radar undergoes key deployment test

By: Rebecca Campbell     12th August 2020 Airbus Space Systems, part of Airbus Defence and Space (itself part of the Europe-based global aerospace group Airbus), reported on Tuesday that the synthetic aperture radar (SAR) antenna that it had developed for the Sentinel-1C satellite had been successfully deployed for the first time in one... 

Airbus space-based radar undergoes key deployment test
Photo by Airbus
The deployed Airbus Space SAR antenna for Sentinel-1C in the Friedrichshafen test facility

Total oil, gas drill rig arrives in Cape Town

By: Marleny Arnoldi     12th August 2020 Mineral Resources and Energy Minister Gwede Mantashe has welcomed the arrival of the DeepSea Stavanger oil and gas drill rig, in Cape Town, which has been commissioned by petrochemicals company Total. Total and its partners will drill the Luiperd prospect in Block 11B/12B off the Mossel Bay... 

Western Cape forum speaks out about deeds office, enviro process concerns

By: Marleny Arnoldi     12th August 2020 Western Cape Finance and Economic Opportunities Minister David Maynier recently called on Agriculture, Rural Development and Land Reform Minister Thoko Didiza to urgently intervene in the repeated and at times unnecessary closure of the Cape Town Deeds Office. The Western Cape Property... 

Despite Covid-induced demand slump, load-shedding surpasses 2019 levels and risk of more cuts rises 

By: Terence Creamer     12th August 2020 The Council for Scientific and Industrial Research (CSIR) reported on Wednesday that load-shedding during 2020 had already surpassed that of 2019, which had hitherto been the country’s worst-ever year for load-shedding. In addition, it again warned that, absent urgent action, the risk of... 

Despite Covid-induced demand slump, load-shedding surpasses 2019 levels and risk of more cuts rises

Nestlé launches initiative to tackle youth unemployment

By: Donna Slater     12th August 2020 Food and beverage company Nestlé is offering 100 young people an opportunity to join its newly established virtual internship programme as part of the organisation’s ongoing interventions aimed at reducing youth unemployment, across the East and Southern Africa region (Esar). The virtual... 

Port of Ngqura pilot notches new record for vessel movements

By: Donna Slater     12th August 2020 Port of Ngqura marine pilot Ziggy (Siegfried) Duwe (62) has notched up more than 4 000 ship movements in the last 12 years – the first marine pilot with this accomplishment in Algoa Bay, according to State-owned harbour operator Transnet National Ports Authority (TNPA) records. Skills like that... 

Port of Ngqura pilot notches new record for vessel movements
Port of Ngqura marine pilot Ziggy (Siegfried) Duwe

Naacam, Proudly SA launch portal for face shield producers 

By: Irma Venter     12th August 2020 The National Association of Automotive Component and Allied Manufacturers (Naacam) has joined forces with Proudly South Africa (SA) to launch a Web portal to list the manufacturers of locally produced face shields and visors. A similar portal was launched for face mask producers in May. 

Naacam, Proudly SA launch portal for face shield producers

Eskom again warns of constrained power system

By: Donna Slater     12th August 2020 State-owned power utility Eskom on August 12 reported that the national grid was, once again, severely constrained as the result of seven units being offline for various reasons. The utility noted that five of its units that were due for a return-to-service had been delayed, while a further two... 

Eskom again warns of constrained power system
Photo by Creamer Media's Donna Slater
Eskom's Kusile power station

Sappi completes sustainability measurement at Cloquet mill

By: Marleny Arnoldi     12th August 2020 JSE-listed packaging and paper company Sappi has completed a sustainability performance measurement for its dissolving pulp brand, Verve. Sappi supports the sustainability drive by the textile value chain through its Sustainable Apparel Coalition (SAC) membership and through the use of the... 

Vinpro calls for end to alcohol ban

By: Tasneem Bulbulia     12th August 2020 The South African wine industry, including wine tourism, is in a state of disaster and urgent intervention is needed or else one of the oldest agricultural industries in the country will not survive, says wine industry body, Vinpro MD Rico Basson. “Many wine businesses have already closed down... 

South African team launches non-invasive breathing system for early-stage intervention

By: Marleny Arnoldi     12th August 2020 In response to the Covid-19 public health emergency and an impending ventilator shortage in South Africa and other parts of the world, a team of experts have designed the first-ever Non-Invasive Breathing System (NiBS) in South Africa. The makers of the NiBS comprise a team of engineers, an... 

Competition Tribunal confirms another settlement in maize cartel case

By: Tasneem Bulbulia     12th August 2020 The Competition Tribunal has confirmed a settlement agreement between the Competition Commission and GWK Farm Foods, in which the company admits to its involvement in a maize milling cartel and agrees to pay an administrative penalty of R10-million. This is the fourteenth settlement agreement to... 

Business confidence recovering, says Sacci

By: Tasneem Bulbulia     12th August 2020 The South African Chamber of Commerce and Industry (Sacci) business confidence index (BCI), which dropped to 70.1 in May, has since recovered to 81.4 in June and to 82.8 in July. However, the BCI for July was still 9.2 index points below the level of 92 of July 2019. 

PPE waste poses contamination risk to others, Averda warns

By: Tasneem Bulbulia     12th August 2020 Before the Covid-19 pandemic, the world was already battling plastic pollution and the reckless dumping of waste. The United Nations declared plastic pollution a global crisis two years ago and the waste burden is likely to grow amid the rapid rise in the use of Covid-19-related personal... 

SAA business rescue process has four elements, reports Public Enterprises

By: Rebecca Campbell     12th August 2020 The Department of Public Enterprises (DPE) on Wednesday assured that it was “working around the clock” to implement the business rescue process for the State-owned national flag carrier South African Airways (SAA). The implementation conditions for the airline’s business rescue plan were met... 

Transnet CEO expects subdued commodity prices to weigh on recovery from Covid 

By: Terence Creamer     12th August 2020 Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in... 

Transnet CEO expects subdued commodity prices to weigh on recovery from Covid
Transnet CEO Portia Derby

Sephaku reports loss as demand dwindles

By: Simone Liedtke     12th August 2020 With the buildings materials industry having been impacted by the continued decline in demand, as both public and private infrastructure investments decrease, Sephaku Holdings (SepHold) reported a headline loss a share of 7.97c for the financial year ended March 31. It also posted a loss a share... 

Cassava, Liquid Telecom launches Sasai WiFi Finder

By: Natasha Odendaal     12th August 2020 Cassava Fintech International (CFI) and Liquid Telecom Group (LTG) have teamed up to develop a service aimed at accelerating digital and financial inclusion in Africa. Through the newly launched Sasai WiFi Finder, the duo plan to establish an expansive network of data access points across Africa... 

Why so much world trade passes Mauritius’s pristine beaches

By: Bloomberg     12th August 2020 The bulk carrier Wakashio was 11 days into a month-long voyage to Brazil when it hit a reef off Mauritius causing it to spill fuel into the island’s crystal clear waters, endangering baby turtles and unique plants in a nearby nature reserve. Given the vastness of the Indian ocean, why was the... 

South Africa nears the point of no return

By: Bloomberg     12th August 2020 DCD Wind Towers should have been a South African success story. When DCD opened its doors in the Eastern Cape in 2013, it was the first factory set up to take advantage of the country’s abundant wind-power resources. Government policy was fueling a clean-energy bonanza, and DCD brought valuable... 

Sea life around Mauritius dying as Japanese tanker oil spill spreads

By: Reuters     12th August 2020 Mauritian volunteers fished dead eels from oily waters on Tuesday as they tried to clean up damage to the Indian Ocean island's most pristine beaches after a Japanese bulk carrier leaked an estimated 1 000 t of oil. The ship, MV Wakashio, owned by Nagashiki Shipping and operated by Mitsui OSK... 

Sea life around Mauritius dying as Japanese tanker oil spill spreads
Photo by Reuters
The MV Wakashio which struck a coral reef on Mauritius' southeast coast is leaking oil

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