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Infrastructure and import substitution at heart of new master plan’s vision for steel revival  

By: Terence Creamer     11th June 2021 A new master plan aimed at stabilising South Africa’s steel industry and creating a platform for the revival of the country’s embattled downstream steel fabricators was signed by representatives from business, labour and government on Friday. The ceremony, which took place amid the constant hum... 

Trade, Industry and Competition Minister Ebrahim Patel outlines the main pillars of the Steel Industry Master Plan at a signing ceremony held at Hall Longmore’s factory in Wadeville, in Gauteng. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

Empowered consortium Takatso to own 51% of SAA

By: Marleny Arnoldi     11th June 2021 Public Enterprises Minister Pravin Gordhan has revealed the new strategic equity partner of State-owned airline South African Airways (SAA) – black-owned consortium Takatso. Takatso, which is Sotho for aspire, comprises Pan African infrastructure development fund manager Harith General Partners... 

Empowered consortium Takatso to own 51% of SAA
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Lafarge SA, Volvo Trucks SA launch initiative to establish women-owned truck operations

By: Irma Venter     11th June 2021 Building materials company Lafarge South Africa and Volvo Trucks South Africa have joined forces with other stakeholders to launch the AccelerateHer initiative, aimed at speeding up the development of women-owned truck operations in the country. Ten women from KwaZulu-Natal will be selected for... 

Lafarge SA, Volvo Trucks SA launch initiative to establish women-owned truck operations

BMW SA’s first South African CEO on the struggling premium market and electromobility

By: Irma Venter     11th June 2021 The name Peter van Binsbergen may sound German, but the new CEO of BMW Group South Africa and sub-Saharan Africa (BMW SA) carries a South African passport and ID. He can also still speak Afrikaans, despite spending several years abroad. The 54-year-old, who took up his new position on January 1,... 

BMW SA’s first South African CEO on the struggling premium market and electromobility

Icasa reviews call termination regulations

By: Natasha Odendaal     11th June 2021 The Independent Communications Authority of South Africa (Icasa) is reviewing the wholesale voice call termination market and the pro-competitive conditions or measures imposed on relevant licensees. Following the start of the review and request for information through a questionnaire at the end... 

Eskom experiencing increase in electricity theft, illegal connections

By: Simone Liedtke     11th June 2021 State-owned power utility Eskom says it is experiencing an increase in electricity theft, especially in high-density areas, which leads to the failure of its equipment. Eskom warns against illegal connections, meter tampering and buying electricity from illegal syndicates, stating that this leads... 

John Deere showcases construction, forestry equipment for sub-Saharan Africa

By: Marleny Arnoldi     11th June 2021 Agricultural equipment giant John Deere has introduced its range of construction and forestry equipment to the sub-Saharan African market. Customers across the region can now benefit from the size and scale of the John Deere construction and forestry equipment line-up, including its motor grader... 

Nxesi reports on challenges, successes in labour market’s handling of pandemic

By: Tasneem Bulbulia     11th June 2021 Government, working with social partners, was able to mitigate some of the effects of the pandemic and lockdowns, Employment and Labour Minister Thulas Nxesi said on June 11 during a media briefing on his department’s role in mitigating the worst effects of Covid-19 in the labour market. This, he... 

DTIC says to resolve Atlantis SEZ challenges

By: Schalk Burger     11th June 2021 The Department of Trade, Industry and Competition (DTIC) has committed to resolving the challenges flagged by investors during a site visit to the Atlantis Special Economic Zone (SEZ), in the Western Cape, earlier this week, Deputy Minister Nomalungelo Gina says. Major challenges faced by... 

R3.2bn Arnot coal mine contract awarded to M&R and Amandla JV Boipelo

By: Schalk Burger     11th June 2021 Boipelo Mining Contractors, a joint venture between engineering and construction multinational Murray & Roberts (M&R) and contact mining company AmandlaTM Group, has been awarded a R3.2-billion contract for the provision of underground mining services at the Arnot coal mine, in Mpumalanga.... 

LPG expected to fill Africa’s energy demand gaps in a renewable future

By: Simone Liedtke     11th June 2021 With the world increasingly becoming focused on decarbonisation, World Liquefied Petroleum Gas (LPG) Association chairperson Christoph Reimnitz says the African continent’s decarbonisation journey cannot be compared with that of all other countries. He explains that while most countries in the... 

Questions persist about how best to fund poverty alleviation efforts

By: Tasneem Bulbulia     11th June 2021 South Africa is grappling with unsustainable levels of poverty and inequality and it has not appropriately funded poverty alleviation programmes in the past. Therefore, the question remains how to fund the necessary interventions. This was indicated by some speakers during a webinar hosted by the... 

Digital primary care platform brought to Africa, South Africa

By: Schalk Burger     11th June 2021   A $3-million investment by investment company Webrock in partnership with primary healthcare company Healthforce, owned by pharmaceutical retail chain Dis-Chem, will see the establishment of a digital primary care platform in Africa, with the launch to take place in South Africa. 

University spinoff company develops energy, water efficiency solution for schools

By: Donna Slater     11th June 2021 Stellenbosch University (SU) spinoff company GreenX Engineering’s initiatives to help equip Cloetesville Primary School, in Stellenbosch, with energy-saving technology ensured that it became the first school in South Africa to receive an electrical performance certificate (EPC). The school... 

University spinoff company develops energy, water efficiency solution for schools
Cloetesville Primary School principal Rodger Cupido (pictured centre) receives the energy performance certificate, and is joined by Western Cape Education Department education planning DDG Salie Abrahams and SU COO professor Stan du Plessis.

UK to donate 100-million Covid-19 vaccine doses to developing countries

By: Rebecca Campbell     11th June 2021 The UK will, over the next 12 months, donate a minimum of 100-million surplus Covid-19 vaccine doses to countries all around the world. This was announced on Friday by British Prime Minister Boris Johnson, ahead of the start of the summit of the leaders of the Group of Seven (G7) major democratic... 

Deputy Minister applauds women taking charge in the rail sector

By: Yvonne Silaule     11th June 2021 Transport Deputy Minister Dikeledi Magadzi this week accompanied the Railway Safety Regulator in its inspection of the Passenger Rail Agency of South Africa’s (PRASA’s) Wolmerton depot, in Pretoria. The inspection was held to assess the condition of the depot against scheduled and unscheduled... 

South Africa on its way to decentralised power system – SAWEA

By: Simone Liedtke     11th June 2021 The South African Wind Energy Association (SAWEA) has welcomed President Cyril Ramaphosa’s announcement that the licensing-exemption threshold for companies to produce their own electricity will be increased from 1 MW to 100 MW. SAWEA says it views this as another indication the country is well... 

Nersa welcomes 100 MW embedded-generation licensing-exemption decision

By: Simone Liedtke     11th June 2021 The National Energy Regulator of South Africa (Nersa) has welcomed the announcement by President Cyril Ramaphosa that Schedule 2 of the Electricity Regulation Act will be amended. The President on June 10 announced that embedded-generation facilities of up to 100 MW would be exempt from licensing... 

G7 Summit will allow SA to push for swift international response to Covid-19 – Presidency 

By: Thabi Madiba     11th June 2021 President Cyril Ramaphosa is travelling to the UK, on Friday, to attend the Group of Seven Summit, at the invitation of British Prime Minister Boris Johnson. South Africa is invited as a guest country alongside South Korea, Australia and India. The Summit will see discussions on the Covid-19... 

G7 Summit will allow SA to push for swift international response to Covid-19 – Presidency
President Cyril Ramaphosa

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters     11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... 

South African agriculture did quite well during the first quarter of this year – report

By: Rebecca Campbell     11th June 2021 The Bureau for Food and Agricultural Policy (BFAP) has reported that the country’s agricultural sector performed “relatively well” during the first quarter of this year (1Q21), in comparison to the same period last year (1Q20). According to BFAP’s calculations, the agricultural sector of the... 

Magazine round up | 11 June 2021 

11th June 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 11 June 2021

USTDA supports digital connectivity in South Africa

By: Natasha Odendaal     10th June 2021 The US Trade and Development Agency (USTDA) is providing grant funding for a feasibility study to evaluate the technical and economic viability of expanding Dark Fibre Africa’s (DFA’s) fibre network into periurban and rural areas. The study will support efforts by the wholesale open-access fibre... 

Cabinet approves the extension of Covid-19 national state of disaster

By: Yvonne Silaule     10th June 2021 Cabinet has approved the extension of the national state of disaster on Covid-19 until July 15. Acting Minister in the Presidency Khumbudzo Ntshaveni said in a post-Cabinet media briefing on June 10 that the extension is in terms of Section 27(5)(c) of the Disaster Management Act and would enable... 

South Africa's industrial activity slows as electricity woes hurt recovery

By: Reuters     10th June 2021 South Africa's monthly manufacturing output contracted in April and mining production slowed, as electricity outages hit the strong recovery in economic activity seen earlier in the year. Factory production was down 1.2% month on month in April, with a majority of sectors contracting. Mining... 

Transnet reports increase in cable theft; 600 arrests made

By: Schalk Burger     10th June 2021 State-owned logistics company Transnet on June 10 reported that there was an average of 650 incidents of cable theft a month in the first five months of this year, while more than 600 arrests have been made since the beginning of the year. Transnet loses about 120 km of overhead cables a month... 

uYilo Kick Start Fund opens for 2021 applications 

By: Irma Venter     10th June 2021 The uYilo Kick Start Fund has opened for applications for 2021, with successful companies or entrepreneurs to receive up to R1-million in grant funding, aimed at assisting promising e-mobility projects to reach commercialisation. The uYilo eMobility Programme first provided Kick Start funding to... 

uYilo Kick Start Fund opens for 2021 applications
Hiten Parmar

Project to harmonise African automotive standards showing progress, says AAAM 

By: Irma Venter     10th June 2021 The project to harmonise standards across the automotive sector in Africa is progressing well, reports the African Association of Automotive Manufacturers (AAAM). The AAAM says the African Export-Import Bank (Afreximbank) is continuing its support to the African Organisation for Standardisation... 

Project to harmonise African automotive standards showing progress, says AAAM

Track S Africa’s economic recovery on Operation Vulindlela dashboard

By: Sashnee Moodley     10th June 2021 South Africans can now track government’s progress in economic and employment growth with up-to-date information on the new Operation Vulindlela dashboard, launched this week. The new dashboard presents an overview of the milestones in 19 focus areas identified by government as priority reforms,... 

Track S Africa’s economic recovery on Operation Vulindlela dashboard

Ramaphosa moves to tackle growth-sapping electricity crisis by increasing licence-exemption cap on distributed projects to 100 MW 

By: Terence Creamer     10th June 2021 In a surprise move, President Cyril Ramaphosa announced on Thursday that the licence-exemption cap on self- or distributed-generation plants would be raised from 1 MW to 100 MW to help address the country's electricity crisis, which has been weighing down economic growth and confidence for more... 

Ramaphosa moves to tackle growth-sapping electricity crisis by increasing licence-exemption cap on distributed projects to 100 MW
President Cyril Ramaphosa

TNPA, CDC collaborate to accelerate infrastructure delivery

By: Simone Liedtke     10th June 2021 State-owned Transnet National Ports Authority (TNPA) has appointed the Coega Development Corporation (CDC) as the implementing agent for the migration of the manganese terminal and the liquid bulk terminal to the Port of Ngqura, as well as their construction and operationalisation. The CDC and... 

Maya Makanjee to succeed Davidson as Datatec chair in 2022

By: Schalk Burger     10th June 2021 Information and communications technology multinational Datatec on June 10 announced that independent nonexecutive director Maya Makanjee would succeed Stephen Davidson as chairperson from March 1, 2022. Makanjee joined the Datatec board on November 1, 2018. She has considerable experience as an... 

Finch increases its stake in FundingHub

By: Schalk Burger     10th June 2021 Financial technology (fintech) company Finch Technologies has made a further significant investment to become the majority shareholder in South African business finance marketplace FundingHub. This follows a previous investment in 2019  to boost small and medium-sized enterprises (SMEs) funding... 

France remains top FDI destination in Europe

By: Schalk Burger     10th June 2021 The Embassy of France in South Africa on June 9 said auditing firm EY's 2021 France Attractiveness Barometer had confirmed France's position as the top European country for foreign direct investment (FDI). Despite the health uncertainty weighing on the global economy, France announced 985 new... 

Investors with $41tr ask G7 to stop subsidising fossil fuels

By: Bloomberg     10th June 2021 A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457... 

Vukile sees a future of mixed online, offlline sales; to develop ESG metrics this year

By: Schalk Burger     10th June 2021 Real estate investment trust (Reit) Vukile Property Fund CEO Laurence Rapp on June 9 said the company had sold its remaining industrial assets, had secured an agreement to sell its remaining offices and was now a highly focused retail landlord. For the financial year ended March 31, the company... 

BMG launches business-to-consumer e-commerce service

By: Schalk Burger     10th June 2021 Industrial engineered products and components manufacturer BMG has launched e-commerce services on its online shopping platform. The service has been designed to boost customers' buying experience of engineering consumables. 

BMG launches business-to-consumer e-commerce service

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