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Adopting a 1.5°C pathway could accelerate universal energy access in Africa 

By: Terence Creamer     27th July 2021 Africa has a narrow window of opportunity to use its natural resource advantages and relatively low carbon emissions to attract the finance it needs to both accelerate a renewables-based energy transition that is supportive of a sub-1.5°C climate outcome and ensure universal energy access. This... 

Image of sun rising behind wind turbines

Creecy calls on rich countries to dramatically raise climate finance pledges from $100bn ‘floor’ 

By: Terence Creamer     27th July 2021 Forestry, Fisheries and the Environment Minister Barbara Creecy has called on the developed countries to ensure access to long-term, predictable and affordable climate finance for developing countries. Creecy participated in a July Climate Ministerial meeting hosted in London, in the UK, this... 

Photo of Forestry, Fisheries and the Environment Minister Barbara Creecy
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and the Environment Minister Barbara Creecy

Grindrod Shipping to acquire remainder of IVS Bulk joint venture 

By: Irma Venter     27th July 2021 Grindrod Shipping Holdings has announced a number of transactions relating to the acquisition of the remaining 31.14% equity stake in its IVS Bulk joint venture (IVS Bulk). Grindrod Shipping Holdings is a global provider of maritime transportation services, predominantly in the drybulk sector. 

Transnet expects to lift force majeure at port terminals ‘soon’ 

By: Creamer Media Reporter      27th July 2021 State-owned freight logistics group Transnet, whose operations have been seriously disrupted by recent unrest and a major cyberattack, confirmed on Tuesday that Transnet Port Terminals had communicated a force-majeure declaration with customers on Monday July 26, covering the period from July 22... 

Photo of the Durban Container Terminal
Photo by Creamer Media
The Durban Container Terminal

S&P not planning immediate rating actions as a result of civil unrest

By: Donna Slater     27th July 2021 Ratings agency Standard & Poors (S&P) Global Ratings does not expect to take any immediate rating actions in the wake of the mid-July civil unrest that affected KwaZulu-Natal and parts of Gauteng. The unrest, which included widespread looting, violence, vandalism, loss and damage of stock, left... 

Public wage offer becomes done deal with majority of unions on board  

By: News24Wire      27th July 2021 Ending months of adversarial public sector wage talks, a majority of civil servant labour unions have now accepted government's latest offer.  The SA Government News Agency reports that the agreement has now been signed by the South African Democratic Teachers' Union, the National Professional... 

Public Service and Administration Minister Senzo Mchunu
Public Service and Administration Minister Senzo Mchunu

WTO’s holiday from vaccine equity talks draws calls for action

By: Bloomberg     27th July 2021 An urgent global effort to rebalance the inequity between rich, vaccinated nations and poor nations sliding further into pandemic misery is colliding with an immovable calendar conflict: the European summer holiday. Next week World Trade Organization delegates are planning to depart Geneva for... 

An image of various manufacturers' Covid-19 vaccines

Bandits steal truckloads of copper worth millions in southern Africa - sources

By: Reuters     27th July 2021 Crime gangs have stolen dozens of truckloads of copper owned by miners and traders including Glencore, Trafigura and Traxys this year as they were heading to ports in southern Africa, three sources with direct knowledge of the matter said. Record high copper prices have triggered an increase in... 

Sasol says its energy business delivers satisfactory full-year performance

By: Schalk Burger     27th July 2021 Integrated energy and chemicals multinational Sasol's energy business had delivered a satisfactory performance, in line with expectations, for the financial year ended June 30. The company on July 27 reported that its integrated value chain had benefitted from higher oil prices in the second half... 

Old Mutual Insure pledges R10m to help SMEs rebuild following riots

By: Tasneem Bulbulia     27th July 2021 Insurer Old Mutual Insure says it is working quickly to finalise looting-related claims – which it is mandated to handle on behalf of State-owned insurance company South African Special Risks Insurance Association (Sasria) – within three weeks so that affected small and medium-sized enterprises... 

JDA celebrates 20 years in existence

By: Schalk Burger     27th July 2021 The Johannesburg Development Agency (JDA) celebrates 20 years in existence this year and the City of Johannesburg (CoJ) says the agency will aim to further advance its impact over the next ten years by building a welcoming, competitive and resilient city to live, work and play in. The agency has... 

South African company to manufacture hemp product machinery in the Eastern Cape

By: Schalk Burger     27th July 2021 Local hemp products development company Quattro-Canna Holdings has signed a licence agreement with hemp processing equipment developer Canadian Greenfield Technologies to manufacture the HempTrain decorticator plant, which is designed for mass-processing of hemp straw-bales into bast fiber, hurd... 

Office building in Botswana receives 5-Star Green rating

By: Marleny Arnoldi     27th July 2021 Botswana-based PrimeTime Property Holdings’ Motswere building has been awarded a 5-Star Green Star Africa – Office Design v1.1 rating by the Green Building Council South Africa. The building marks the council’s first green star-rated building in Botswana.  

Botswana-based PrimeTime Property Holdings’ Motswere building
Botswana-based PrimeTime Property Holdings’ Motswere building

Sturdee Energy signs two PPAs for Botswana renewable energy projects

By: Schalk Burger     27th July 2021 Independent power producer Sturdee energy has entered into two power purchase agreements (PPAs) with the Botswana Power Corporation (BPC) for two renewable energy IPP projects. The projects, located in Bobonong and Shakawe, will have an installed capacity of 3 MW and 1 MW, respectively. 

Fund lends €25m to Côte d’Ivoire clean energy hydropower project

By: Schalk Burger     27th July 2021 The Emerging Africa Infrastructure Fund (EAIF), owned by the Private Infrastructure Development Group, is lending €25-million over 18 years to Ivoire Hydro Energy (IHE), which will build a 44 MW hydroelectric plant on the Bandama river near the village of Singrobo, in Côte d’Ivoire. Financial... 

European new era telecommunications satellite ready for launch

By: Rebecca Campbell     27th July 2021 The European Space Agency (ESA) has announced that the world’s first commercial fully flexible software-defined telecommunications satellite has been integrated on its launch rocket. It is now ready for its launch, which is scheduled for Friday (July 30). The satellite, designated Eutelsat... 

UK-based company’s US facilities have developed a new generation missile seeker

By: Rebecca Campbell     27th July 2021 UK-based global major aerospace and defence group BAE Systems announced on Monday that it had received a $117-million contract from one of its US counterparts, Lockheed Martin, for next-generation missile seekers. These will be fitted to Lockheed Martin Long-Range Anti-Ship Missiles (LRASMs)... 

Magazine round up | 30 July 2021 

27th July 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 30 July 2021

Kumba working with Transnet to fix tracks so that rail speed can be lifted  

By: Martin Creamer     27th July 2021 Anglo American group mining company Kumba Iron Ore, which on Tuesday reported a superb set of record half-year results, is working with Transnet to refurbish the iron-ore export line so that trains can travel at a higher average speed than the current 30 km/h. In the six months to June 30,... 

Kumba Iron Ore’s results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BioNTech project aims to expand malaria vaccine production capacity in Africa

By: Thabi Madiba     27th July 2021 German biotech company BioNTech has announced a project aimed at creating a highly efficacious vaccine to help eradicate malaria, while expanding vaccine production capacity across Africa. BioNTech will develop a first-generation mRNA vaccine using a known antigen, the CSP protein, the clinical... 

BioNTech project aims to expand malaria vaccine production capacity in Africa

Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost 

By: Martin Creamer     27th July 2021 Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and... 

This picture was provided by Kumba as part of its half-year  results media release.
Kumba Iron Ore CE Themba Mkhwanazi

Transnet declares force majeure at its container terminals

By: Reuters     27th July 2021 South African State logistics firm Transnet declared force majeure at major container terminals in the country after a cyberattack last week disrupted operations, a notice seen by Reuters showed on Tuesday. The document sent to customers and dated on Monday said the force majeure would be... 

An image of the Durban Container Terminal

BioNTech will attempt shot for malaria next

By: Bloomberg     27th July 2021 BioNTech will seek to follow its successful Covid-19 vaccine with a shot to prevent malaria, both its first solo project and first new infectious-disease effort since the pandemic began. The German biotech aims to start patient trials of a malaria shot by the end of next year. Backed by the World... 

Nickel nears seven-year high with metals rising on demand bets

By: Bloomberg     27th July 2021 Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used in stainless steel and electric-vehicle batteries. Copper advanced the most in more than two months. Nickel gained as much as 2.1% to $19 780 a ton. It reached $20 110 in February, the... 

KZN govt to support companies that want to rebuild businesses destroyed during unrest

By: Yvonne Silaule     26th July 2021 The KwaZulu-Natal government has committed itself to supporting businesses in rebuilding the premises that were destroyed during the civil unrest earlier this week. Premier Sihle Zikalala at the weekend addressed the media about the economic recovery efforts in the province. 

Onderstepoort Veterinary Academic Hospital gets MRI scanner for animals

By: Schalk Burger     26th July 2021 The University of Pretoria (UP) Faculty of Veterinary Science's Onderstepoort Veterinary Academic Hospital (OVAH) has acquired its first magnetic resonance imaging (MRI) scanner. “In South Africa, the use of MRIs for diagnostic purposes is limited to small animals and most MRI scans are done in... 

An image of an MRI scanner acquired by the Onderstepoort Veterinary Academic Hospital

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cable theft and vandalism costing economy R187bn

By: Natasha Odendaal     26th July 2021 Cable theft and infrastructure vandalism across South Africa is costing billions of rands and, if not reduced, will lead to a slower economic recovery. The persistent challenge has led to R7-billion a year in direct losses for Telkom, Eskom, the Passenger Rail Agency of South Africa (Prasa) and... 

Redefine unpacks its R1bn sustainability bond  

By: Marleny Arnoldi     26th July 2021 JSE-listed Redefine Properties has launched a R1-billion sustainability-linked bond on the JSE, which marks the largest amount raised so far by a South African real estate investment trust in what is a growing sustainability bond space. The company explains in a release that the funds will be... 

Botswana-based PrimeTime's Motswere building
Botswana-based PrimeTime's Motswere building

Iata adds environmental sustainability to its range of aviation training courses

By: Rebecca Campbell     26th July 2021 The global representative body of the airline industry, the International Air Transport Association (Iata), announced on Monday that it had added an environmental sustainability training programme to its range of training initiatives. The new programme is being delivered in cooperation with... 

Sasol partners with Mpumalanga govt, launches five-day vaccination drive

By: Yvonne Silaule     26th July 2021 Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of the preparation for the operations' upcoming annual maintenance shutdown taking place from August 30... 

Audi unveils an electric rally car to compete in Dakar 2022 

By: Irma Venter     26th July 2021 Audi Sport has started testing the new Audi RS Q e-tron, which it plans to enter in the 2022 Dakar Rally. Audi says it wants to be the first car manufacturer to use an electrified drivetrain in combination with an efficient energy converter to compete for overall victory against... 

Image of the Audi RS Q e-tron
The Audi RS Q e-tron

Aspen starts distributing vaccines

By: Marleny Arnoldi     26th July 2021 JSE-listed Aspen Pharmacare Holdings has confirmed it will soon receive new Johnson & Johnson Covid-19 vaccine supplies at its Gqeberha-based manufacturing site. The company will distribute the vaccines throughout South Africa, further into Africa and eventually into the European Union and... 

Aspen employee

Banks on way to recovery, next is rebuilding business

By: Marleny Arnoldi     26th July 2021 To assist social grant recipients who live in areas where automatic teller machines (ATMs) and bank branches have been damaged in the recent riots, customers will be able to use any ATM, including those not operated by their own bank, without incurring additional charges, from August 1 to... 

Mango Airlines to enter business rescue

By: Reuters     26th July 2021 South African Airways (SAA) subsidiary Mango Airlines will enter a local form of bankruptcy protection known as business rescue, SAA's interim chief executive Thomas Kgokolo told eNCA television on Monday. The budget carrier is the fourth South African airline to be placed under business rescue... 

Zimplats plans 185 MW solar power plants

By: Reuters     26th July 2021 Impala Platinum Holdings Zimbabwe unit Zimplats plans to build two solar power plants with generation capacity of 185 MW to power its operations, the country's energy regulator said on Monday. The Zimbabwe Energy Regulatory Authority said Zimplats, the biggest platinum group metals producer in... 

Rolls-Royce marks major step forward in hybrid-electric aircraft propulsion project

By: Rebecca Campbell     26th July 2021 UK-based industrial technology group Rolls-Royce announced late last week that the generator and associated power electronics for the aerospace world’s most powerful hybrid-electric aircraft power and propulsion system had been delivered to its recently renovated Testbed 108 in Bristol in the UK.... 

Isuzu Motors South Africa appoints Komane Pitso as senior VP

By: Irma Venter     26th July 2021 Isuzu Motors South Africa (IMSAf) has appointed Komane Pitso as its new senior VP for commercial operations at the vehicle conversion and distribution centre in Gqeberha.  The commercial operations department has been established to improve efficiency in supply chain management, localisation,... 

An image of new IMSAf senior VP Komane Pitso
Komane Pitso

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