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Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve 

By: Terence Creamer     23rd June 2021 Department of Trade, Industry and Competition (DTIC) and Macsteel have reached a legal settlement in a case brought by the steel merchant after government extended the implementation of safeguard duties on hot-rolled coil (HRC) imports in August last year. The case was settled in the High Court,... 

Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve

Pityana calls business to account over inequalities

By: Marleny Arnoldi     23rd June 2021 Prominent businessman Sipho Pityana says the trust gap between business and society can only be closed when the private sector addresses the full spectrum of challenges faced in South Africa. Pityana, as chairperson of Izingwe Capital, spoke during the Trialogue Business in Society virtual... 

Pityana calls business to account over inequalities
Photo by Creamer Media
Izingwe Capital chairperson Sipho Pityana

Covid-19's devastation of SMME sector ‘cannot be underplayed’, says small business dept 

By: Simone Liedtke     Updated 7 hours ago The “devastation” of the Covid-19 pandemic on South Africa’s small-, medium-sized and microenterprises (SMMEs) cannot be underplayed, nor can the importance thereof be over-emphasised, Department of Small Business Development chief director Mojalefo Mohoto has said. Speaking during a Trade and... 

Pandemic has presented ‘economic reset’ opportunities

By: Sane Dhlamini     Updated 6 hours ago Deputy Minister of Employment and Labour Boitumelo Moloi said on Wednesday that while the Covid-19 pandemic has been catastrophic, it has, in many ways, presented a lot of economic reset opportunities in the process. She was addressing delegates at the launch of Switzerland's Institute of... 

Pandemic has presented ‘economic reset’ opportunities

Panel unpacks what is necessary to increase Africa’s agricultural productivity 

By: Marleny Arnoldi     Updated 6 hours ago Given Africa’s rapidly growing population, demand for food is set to escalate dramatically in the medium term, creating new growth opportunities in agriculture. By 2030, 20% of the world’s population is expected to be in Africa. The growing population will place immense pressure on Africa’s... 

Petronas is eying potential exit for African fuel retailer Engen

By: Bloomberg     23rd June 2021 Petroliam Nasional (Petronas) is reviving discussions on a potential exit from South African fuel retailer business Engen, people familiar with the matter said. The Malaysian state energy company is studying options for its 74% stake in Engen, including a sale or initial public offering,... 

Regulator may exempt some Popia conditions in certain circumstances

By: Creamer Media Reporter      23rd June 2021 The Information Regulator said that it may exempt some public or private bodies from the conditions for the processing of certain personal information in certain circumstances. Stakeholders can, under Section 37 of the Protection of Personal Information Act (Popia), which came into effect July 1,... 

Road Freight Association calls for ring-fencing of fuel levy to maintain roads

By: Schalk Burger     23rd June 2021 The Road Freight Association (RFA) has called for the national general fuel levy (GFL) to be ring-fenced and used to fund road infrastructure by allocating it to the South African National Roads Agency Limited (Sanral). "Roads should be funded by the GFL. If this levy had been applied solely to... 

Renergen halts trading on ASX ahead of capital raise announcement

By: Simone Liedtke     Updated 5 hours ago Natural gas and helium producer Renergen has halted trading in its securities from June 23 to June 24 on the ASX, pending an announcement of the company entering a capital raise. Renergen is raising the proceeds for the completion of the Phase 2 studies of the Virginia gas project, and building... 

Decentral Energy signs R115m loan agreement with the IDC

By: Simone Liedtke     Updated 7 hours ago Clean energy asset developer, manager and owner Decentral Energy has inked a R115-million loan agreement with the Industrial Development Corporation (IDC) to develop and expand its pipeline of solar assets. Decentral is a South African renewable energy investor that is mandated to invest in... 

SEM installs solar PV system at Stellenbosch University's Neelsie student centre

By: Schalk Burger     23rd June 2021 Energy engineering company SEM Solutions has completed the installation of a 393 kW solar photovoltaic (PV) system on the roof of the Neelsie Student Centre at Stellenbosch University (SU). The power generated by the PV modules provides a third of the energy requirements of the student centre,... 

SEM installs solar PV system at Stellenbosch University's Neelsie student centre

EOH appoints Ziaad Suleman as iOCO chief commercial officer

By: Schalk Burger     Updated 4 hours ago Information technology services company EOH has appointed Ziaad Suleman as iOCO chief commercial officer from July 1. iOCO is the company's systems integrator and its largest business. Suleman will report to EOH group CEO Stephen van Coller. 

IRMSA appoints new female CEO

By: Marleny Arnoldi     Updated 5 hours ago The Institute of Risk Management South Africa (IRMSA) has appointed Pat Semenya CEO, effective July 1. She succeeds Gillian le Cordeur, who has led the organisation for the past ten years.  

Sakeliga appoints Lamberti chief economist

By: Marleny Arnoldi     Updated 5 hours ago Business organisation Sakeliga has appointed nonexecutive director Russell Lamberti chief economist, effective September 1. He will be responsible for economic and policy analysis at the organisation, aimed at regulatory reform and developing private sector solutions.  

Sappi joins the Circular Bioeconomy Alliance

By: Schalk Burger     23rd June 2021 Wood-fibre products multinational Sappi has joined bioeconomy global movement the Circular Bioeconomy Alliance (CBA). “Sappi’s purpose and vision aligns very closely with the CBA. We fully support the work of the CBA in facilitating a science-informed dialogue and in demonstrating on the ground... 

Mondi approves €125m upgrade for Finland mill

By: Schalk Burger     23rd June 2021 Paper and packaging multinational Mondi has approved a €125-million capital investment project at its semi-chemical fluting mill in Kuopio, Finland, to increase the facility’s capacity by about 55 000 t/y to meet growing customer demand, enhance product quality and cost-competitiveness. The... 

Tsodilo sets sights on contributing to low-carbon steelmaking in Botswana 

By: Simone Liedtke     Updated 5 hours ago TSX-V-listed Tsodilo Resources has entered into a research collaboration with the Department of Chemical, Materials and Metallurgical Engineering at the Botswana International University of Science and Technology (BIUST) and Morupule Coal Mine (MCM) to undertake metallurgical studies with respect... 

South Sudan launches country’s first oil licensing round

By: Simone Liedtke     Updated 5 hours ago The Republic of South Sudan’s Ministry of Petroleum (MoP) has launched the country’s first oil licensing round. The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial data to provide to interested investors, operators and counterparties. 

South Sudan launches country’s first oil licensing round

Black-women-owned platinum fuel cell group working on 15 deployment projects  

By: Martin Creamer     Updated 5 hours ago Majority black-women-owned platinum fuel cell venture Bambili Energy is working on 15 hydrogen and fuel cell-linked deployment projects that are expected to be completed by March next year. Bambili CEO Zanele Mavuso Mbatha is a former key shareholder in Incwala Resources, which partnered with... 

Bambili Energy CEO Zanele Mavuso Mbatha interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa inflation surge unlikely to bring forward rate hike 

By: Bloomberg     Updated 7 hours ago The rise in South Africa’s inflation rate to a 30-month high is unlikely to bring forward an interest-rate hike as the central bank had forecast a second-quarter spike in price growth. Consumer prices rose 5.2% in May from a year earlier, compared with 4.4% in April, Pretoria-based Statistics... 

South Africa inflation surge unlikely to bring forward rate hike

Nearly 8 000 living on or around Cape Town's central train line - Metrorail

By: News24Wire      23rd June 2021 Nearly 8 000 people living on and around the railway lines on Cape Town’s central line have been fingered as the spanner in the works in the battle to get the defunct route back up and running. Metrorail Western Cape manager Richard Walker on Tuesday told the Western Cape legislature's Standing... 

US opens $500m fund for relatives of Boeing 737 MAX victims

By: Reuters     23rd June 2021 A $500-million US fund to compensate relatives of 346 people killed in two fatal Boeing 737 MAX crashes has opened, the claim administrators told Reuters on Tuesday. The fund, which opened on Monday, is part of a settlement with the US Justice Department. Boeing Co in January agreed to pay... 

Illovo, Jobs Fund project benefitting community  

23rd June 2021 Four years in, the Small-Scale Grower Cane Development project has recorded notable successes, with over 860 sustainable jobs created and 3 000 ha of cane developed on communal land owned by small-scale growers. Tasneem Bulbulia elaborates. 

Illovo, Jobs Fund project benefitting community

New global costs report confirms new renewables are undercutting existing coal

By: Terence Creamer     22nd June 2021 The cost of electricity from new solar and wind plants is increasingly undercutting the operating costs alone of existing coal‑fired power plants and strengthening the case for their early retirement, a newly released International Renewable Energy Agency (Irena) report confirms. Published on... 

New global costs report confirms new renewables are undercutting existing coal

AUDA-Nepad launches centre to accelerate impact of science on Africa's development

By: Schalk Burger     22nd June 2021 The African Union Development Agency New Partnership for Africa's Development (AUDA-Nepad) on June 22 launched a centre of excellence (CoE) in science, technology and innovation to upscale and commercialise home-grown innovations on the continent. The centre was launched in partnership with... 

President’s 100 MW renewable energy reform ‘very welcome opportunity’ – Harmony Gold  

By: Martin Creamer     22nd June 2021 Harmony Gold sustainable development executive Melanie Naidoo-Vermaak on Tuesday described the decision of President Cyril Ramaphosa to lift the licence-exemption cap on own or embedded renewable energy plants from 1 MW to 100 MW as “a very welcome opportunity" for the South African mining... 

Harmony Gold ‘s ESG Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Petro makes progress with Block XX exploitation licence application

By: Tasneem Bulbulia     22nd June 2021 During the course of 2020, Aim-listed Mongolian oil company Petro Matad focused on progressing the Block XX exploitation licence application, working closely with the relevant Mongolian government authorities, it noted in its financial results statement for the year ended December 31, 2020. The... 

Kenya Airways and Delta Air Lines expand their codeshare agreement

By: Rebecca Campbell     22nd June 2021 Kenyan national flag carrier Kenya Airways and major US carrier Delta Air Lines have announced that they have expanded and enhanced their codeshare agreement. As a result, Delta will be able to increase the number of African destinations that it can offer its passengers while Kenya Airways... 

Increase pension fund money in African infrastructure development

By: Donna Slater     22nd June 2021 From a private sector and sovereign perspective, Standard Bank global infrastructure sector head Aadil Cajee says a lot of focus is being placed on pension fund reforms in Africa. He adds that the mobilisation of pension money for African infrastructure development is important.  

CSIR launches roadmap to address challenges that hinder smart settlements in South Africa

By: Simone Liedtke     22nd June 2021 The Council for Scientific and Industrial Research (CSIR) has partnered with the departments of Science and Innovation (DSI); Human Settlements (DHS) and Water and Sanitation (DWS) to launch a Science, Technology and Innovation for Sustainable Settlements Roadmap. The roadmap, meant to upscale... 

AfCFTA to boost private sector growth in Africa

By: Donna Slater     22nd June 2021 The African Continental Free Trade Area (AfCFTA) will boost private sector growth and reach in the continent, panellists participating in an Infrastructure Africa session on restoring economic growth, connecting African countries and optimising the AfCFTA, on June 22, concurred. AfCFTA policy... 

Emira acquires eleventh US property

By: Simone Liedtke     22nd June 2021 JSE-listed Emira Property Fund has acquired its eleventh grocery-anchored dominant open-air shopping centre in the US, growing its equity investments in the country to more than R1.5-billion, or $105-million. The highly attractive Newport Pavilion power centre acquisition strengthens the quality... 

Emira acquires eleventh US property
The Newport Pavilion, in Cincinnati.

Steel production increased by 16.5% y/y in May

By: Tasneem Bulbulia     22nd June 2021 World crude steel production for the 64 countries reporting to industry association the World Steel Association (worldsteel) increased by 16.5% year-on-year to 174.4-million tonnes in May. Africa’s output increased by 65.1% year-on-year to 1.3-million tonnes in May, while output in the Middle... 

Energy justice a useful metric for shaping broad, effective policies for a just transition

By: Schalk Burger     22nd June 2021 A just energy transition that mitigates the risks and captures the benefits of renewable energy in developing countries can be achieved through a broad policy framework developed using energy justice as a key set of metrics, say development academics University of Hamburg political science... 

Scientists report that the planet Venus may still be geologically active

By: Rebecca Campbell     22nd June 2021 Scientists at North Carolina State University (NCSU) in the US have reported that they have found evidence of tectonic motion in the crust – also called the lithosphere – of the planet Venus. Tectonics refers to the large-scale movement of rocks, originally in the Earth’s crust or lithosphere. On... 

Ireland scopes collaboration opportunities for agritech in Africa  

By: Marleny Arnoldi     22nd June 2021 Ireland’s agriculture and foreign affairs departments have joined forces to launch the Africa Agri-foods Development Programme, with the objective to encourage business partnerships between Irish agricultural stakeholders and African companies, particularly in South Africa. The Ireland... 

Ireland scopes collaboration opportunities for agritech in Africa

Africa presents opportunity for new Tetra Pak, Synercore partnership

By: Tasneem Bulbulia     22nd June 2021 Food processing and packaging solutions company Tetra Pak has entered into a collaborative partnership with food research, application and ingredient company Synercore Food Holdings. During the journey from farm to factory to fork, the food supply chain can encounter any number of health hazards. 

Edenville makes final payment to Lind

By: Tasneem Bulbulia     22nd June 2021 Aim-listed Edenville Energy has now repaid, in cash, the full outstanding amount of $373 625 owing to Lind Partners under a 2018 funding agreement. This follows the company's recent £2.48-million capital raise. 

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