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Six steps proposed for unlocking larger-scale self-gen projects, amid ongoing government resistance 

By: Terence Creamer     26th November 2020 Six steps could be taken immediately by the South African government and the energy regulator to unlock more self-generation investment by residential, commercial, industrial, mining and agricultural consumers so as to minimise power shortages and reduce the threat of load-shedding, a newly... 

Six steps proposed for unlocking larger-scale self-gen projects, amid ongoing government resistance

Stefanutti Stocks stays in the red as it reports R101m loss 

By: Irma Venter     26th November 2020 The impact of Covid-19, as well as an adverse market, saw Stefanutti Stocks report an operating loss of R101-million for the six months ended August 31, compared with a R865-million loss in the same period last year. Contract revenue from continuing operations declined from R2.9-billion to... 

Stefanutti Stocks stays in the red as it reports R101m loss

Steadily growing order books helps M&R weather remaining pandemic impacts 

By: Marleny Arnoldi     Updated 7 hours ago While still recovering from a R622-million Covid-19 impact on its business in the 2020 financial year, JSE-listed construction group Murry & Roberts (M&R) says its R60.5-billion order book will help in its upward trajectory following the pandemic. The company had reported an order book of... 

Nissan unveils large SUV contender for local market

By: Irma Venter     Updated 7 hours ago Japanese vehicle manufacturer Nissan has lifted the veil on the new Terra, set to make its debut in South Africa and sub-Saharan Africa in the latter part of next year. The sports-utility vehicle is based on the Navara pickup, and will compete with the likes of the Toyota Fortuner and Ford Everest. 

Nissan unveils large SUV contender for local market
The new Terra

SVI Engineering unveils armoured Land Cruiser for civilian or military use

By: Irma Venter     26th November 2020 Starting from a cool R1.6-million (excluding VAT), it is now possible to drive around in your own armoured Land Cruiser. Specialist manufacturer of armoured products, SVI Engineering, says its new Max 3 recognises the need for a cost-effective solution to protect vehicle occupants from both... 

SVI Engineering unveils armoured Land Cruiser for civilian or military use

Forge Academy launches AI lab in Johannesburg

By: Natasha Odendaal     26th November 2020 Nokia-powered education facility Forge Academy has unveiled a fully inclusive artificial intelligence (AI) laboratory in Johannesburg. The laboratory, based at The Gantry, in Fourways, aims to equip students with theoretical, laboratory and on-the-job training for the Fourth Industrial Revolution... 

Bombardier locomotives pass 10m kilometre mark on South African rail lines

By: Donna Slater     26th November 2020 Mobility technology company Bombardier Transportation reports that, as of November 26, its locomotive fleet provided to State-owned logistics company Transnet has successfully completed ten-million kilometres in service since operations began in December 2017. Transnet Freight Rail (TFR) in... 

Bombardier locomotives pass 10m kilometre mark on South African rail lines
Bombardier's Traxx Africa locomotives

Payment of compensation to Ford Kuga owners finalised

By: Tasneem Bulbulia     26th November 2020 The National Consumer Commission (NCC) says the payment of compensation under a  settlement agreement entered into between the NCC and Ford Motor Company South Africa, which was made an order by the National Consumer Tribunal (NCT) in March this year, has been finalised. Under the terms of the... 

SANEDI rolls out cool surface proof of concept project in Limpopo

By: Simone Liedtke     Updated 7 hours ago The South African National Energy and Development Institute (SANEDI) has implemented a successful cool surface proof of concept (PoC) project at the Department of Defence’s (DoD's) South African Military Health Service (SAMHS) training facility in Lephalale, Limpopo. The project, which entailed... 

SANEDI rolls out cool surface proof of concept project in Limpopo

Waterloo solar PV farm starts commercial operations

By: Donna Slater     Updated 7 hours ago The 75 MW Waterloo solar photovoltaic (PV) farm, located 10 km outside of Vryburg, in the North West province, has started commercial operations. The project achieved full quality and grid-code compliance by local engineering, procurement and construction contractor juwi Renewable Energies on... 

Waterloo solar PV farm starts commercial operations

African funds with dedicated ESG mandates could hold up to R500bn in JSE-listed equities

By: Simone Liedtke     Updated 6 hours ago African funds with dedicated environmental, social and governance (ESG) mandates could hold JSE-listed equities worth up to R500-billion over the medium term as the focus on sustainability intensifies, a research report by SBG Securities shows. This shows that corporates with strong ESG... 

Beefmaster invests R30m in plant upgrades, creates 30 new jobs

By: Donna Slater     Updated 6 hours ago Despite the prevailing Covid-19 pandemic and its impact on job losses, beef company Beefmaster Group – which claims to be Kimberley’s largest private employer with 664 employees – is scaling up its production plant in Kimdustria by investing more than R30-million into equipment upgrades and... 

Pandemic serves as catalyst for blended learning

By: Tasneem Bulbulia     Updated 6 hours ago The Covid-19 pandemic has acted a catalyst for a future of blended learning in Africa; however, it has also highlighted a number of challenges that this learning model poses for the continent, which must first be dealt with, Future of Education Summit founder Rakesh Wahi said on November 26. He... 

AfCFTA to provide business opportunities for African countries

By: Yvonne Silaule     Updated 6 hours ago The African Continental Free Trade Agreement (AfCTA) will provide business opportunities that will enable African countries to lift citizens of the continent out of poverty post Covid-19, Department of Trade, Industry and Competition (DTIC) Trade and Invest Africa chief director John Rocha has... 

Role of CFO crucial as manufacturing moves to Industry 4.0

By: Schalk Burger     26th November 2020 Research conducted by industrial enterprise software company Syspro reveals that the role of the CFO within the manufacturing sector will be crucial as the industry moves towards increased digital transformation in the "new normal". CFOs are increasingly responsible for risk management in their... 

Seifsa recognises metals, engineering sector's top performers

By: Donna Slater     26th November 2020 Centurion Systems won the award for Most Innovative Company of the Year during this year's Steel and Engineering Industries Federation of Southern Africa (Seifsa) Awards for Excellence. This year's ceremony was held in a Covid-19-compliant manner at Summer Place, in Boksburg, on November 25.  

Johannesburg, Cairo and Cape Town top African performers in competitiveness report

By: Donna Slater     26th November 2020 Of the 13 African cities included in management consulting firm Kearney’s recently released yearly Global Cities report, Johannesburg had the highest ranking, at number 55. The report provides an analysis of the ranked global cities index (GCI) which uses a multitude of metrics to ascertain city... 

Sappi scores Platinum status in EcoVadis sustainability rating

By: Tasneem Bulbulia     26th November 2020 Globally accredited sustainability ratings provider EcoVadis has scored pulp and paper company Sappi Southern Africa Platinum Medal status in its assessment of how well the company has integrated sustainability principles into its business and management system. EcoVadis is the world’s largest... 

Iata calls on governments to reopen borders and support development of sustainable flight

By: Rebecca Campbell     26th November 2020 The International Air Transport Association (Iata), at its recent 76th Annual General Meeting, passed resolutions reaffirming the global airline industry’s absolute commitment to the safe and sustainable restoration of air transport connectivity, while calling on governments to help the sector... 

 Iata calls on governments to reopen borders and support development of sustainable flight
Photo by Iata
Iata director-general and CEO Alexandre de Juniac

World airline body reveals huge scale of collapse in air connectivity owing to Covid-19

By: Rebecca Campbell     Updated 6 hours ago The International Air transport Association (Iata), the representative body for the global airline industry, revealed on Wednesday the dramatic collapse in worldwide air connectivity caused by the Covid-19 pandemic and the attempts by governments to contain it. Iata’s Air Connectivity Index is a... 

Airline body launches carbon credit trading exchange

By: Rebecca Campbell     26th November 2020 The International Air Transport Association (Iata), the representative body for the global airline industry, on Wednesday launched the Aviation Carbon Exchange (ACE). Developed in cooperation with Xpansiv CBL Holding Group, an Australian-US commodities trader, ACE is the first of its kind – a... 

Nzimande announces multidisciplinary team to manage Covid-19 outbreaks in tertiary education

By: Yvonne Silaule     26th November 2020 A multidisciplinary investigation team that includes members from the World Health Organization, the Department of Health and the National Health Laboratory Service has been assembled to manage and contain Covid-19 outbreaks in the tertiary education sector. According to the Minister of Higher... 

Nzimande announces multidisciplinary team to manage Covid-19 outbreaks in tertiary education
Higher Education, Science and Innovation Minister Blade Nzimande

Speed up SAA restructure so it can continue key role in Africa - aviation official

By: News24Wire      26th November 2020 The regional representative of the International Air Transport Association (IATA) has called for the SA government to speed up its contribution to assist the airline in restructuring. He says South African Airways (SAA) and South Africa have played a major role in the growth of aviation in... 

Speed up SAA restructure so it can continue key role in Africa - aviation official

Palladium-dominant Waterberg project's advance is primary objective –­ PTM 

By: Martin Creamer     26th November 2020 The advancement of the palladium-dominant Waterberg Project to a development and construction decision is the primary business objective of Platinum Group Metals (PTM), for which construction funding and concentrate offtake arrangements are being pursued. The Toronto- and New York-listed company,... 

Palladium-dominant Waterberg project's advance is primary objective –­ PTM
Platinum Group Metals CEO Michael Jones.

Ramaphosa to face motion of no confidence next week  

By: News24Wire      26th November 2020 President Cyril Ramaphosa will face a motion of no confidence next Thursday. At Thursday’s meeting of the National Assembly Programming Committee, secretary to Parliament Masibulele Xaso said National Assembly Speaker Thandi Modise had approved the African Transformation Movement’s motion of no... 

Ramaphosa to face motion of no confidence next week
President Cyril Ramaphosa

BT Industrial goes from strength to strength with manufacturing diversification 

26th November 2020 Plastic pipes manufacturer BT Industrial Group has extended its plastics-processing capacity to include polymer-based medical fabrics and components. Marleny Arnoldi attended a tour of the company’s cleanroom manufacturing facility. 

BT Industrial goes from strength to strength with manufacturing diversification

Aveng's shares rise on recapitalisation, restructuring progress

By: Creamer Media Reporter      25th November 2020 Infrastructure and resources company Aveng's share price on the JSE rose by 50% on Wednesday, after it announced that it was making progress with its balance sheet restructuring and recapitalisation plans and that it expected to report improved financial results for the financial year ended June... 

McAfee reports increase in cyberattacks amid Covid-19 lockdowns

By: Schalk Burger     25th November 2020 Cybersecurity multinational McAfee's 'Quarterly Threats' report shows that there were nearly 7.5-million external attacks on cloud user accounts during the second quarter of this year across all major industries globally, including financial services, healthcare, public sector, education, retail,... 

New Castle Gate lifestyle centre opening its doors in Pretoria

By: Simone Liedtke     25th November 2020 The first phase of the new multibillion-rand Castle Gate mixed-use precinct development in Pretoria will open its doors to the public on November 26. Home to some of the latest store concepts for the likes of Woolworths, Checkers, Dis-Chem and Builders Warehouse, Castle Gate was built with the... 

New Castle Gate lifestyle centre opening its doors in Pretoria
Photo by Simone Liedtke
The new Castle Gate lifestyle centre

Arrowhead records solid full-year performance

By: Tasneem Bulbulia     25th November 2020 Diversified South African real estate investment trust Arrowhead Properties says it performed ahead of expectations in a tough economic environment during the financial year ended September 30. At period end, Arrowhead directly owned 143 commercial properties in South Africa (split 50% retail,... 

Fund helps South African universities unlock benefits of homegrown IP 

By: Donna Slater     25th November 2020 Since its inception in February, the University Technology Fund (UTF) has approved six investments. Technology and innovation incubated in South Africa’s universities is, as a result, being commercialised and a step closer to commercialisation, creating significant economic, investment and job... 

Fund helps South African universities unlock benefits of homegrown IP
SA SME Fund CEO Ketso Gordhan

Cabinet approves two measures to address country’s threatened biodiversity

By: Tasneem Bulbulia     25th November 2020 Two measures have been approved by Cabinet to assist in addressing threats to the country’s biodiversity. During a virtual Cabinet meeting on November 18, the updated National Protected Areas Expansion Strategy and the revised National Biodiversity Framework (NBF) were approved. 

Nersa to host public hearing on Gold Fields' South Deep solar plant application 

By: Marleny Arnoldi     25th November 2020 NYSE- and JSE-listed Gold Fields’ South Deep mining operation has lodged an application with the National Energy Regulator of South Africa (Nersa) for an electricity generation licence for a proposed 40 MW solar photovoltaic plant at the mine, in Westonaria. Nersa has advised that a public... 

Nersa to host public hearing on Gold Fields' South Deep solar plant application
South Deep mine

FairPlay teams up with trade unions to launch ‘buy local chicken’ campaign

By: Marleny Arnoldi     25th November 2020 Nonprofit trade movement FairPlay, together with localisation organisation Proudly South African and trade unions, have launched a campaign to promote the consumption of local chicken. The “Buy Local Chicken” campaign is aimed at retailers and wholesalers that buy significant quantities of... 

FairPlay teams up with trade unions to launch ‘buy local chicken’ campaign

Kwikspace appoints Steinberg CEO, FD

By: Tasneem Bulbulia     25th November 2020 Modular buildings manufacturer Kwikspace has announced the permanent appointment of its new CEO and FD, Dirk Steinberg. Having joined the company in 2014 as FD and executive officer, Steinberg has a wealth of business experience, the company says. 

Stable dam levels boost the Integrated Vaal River System

By: Natasha Odendaal     25th November 2020 The aggregate water levels of the Integrated Vaal River System (IVRS) continue to climb as the critical dams feeding it remain stable. The IVRS increased to 57.1% this week, up from the 56.8% recorded in the comparative week last year. 

Only an uptick in building, manufacturing activity can sustain this quarter’s higher BCI  

By: Marleny Arnoldi     25th November 2020 The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) has notched up to 40 in the fourth quarter, from 24 in the third quarter. However, the BER questions the sustainability of maintaining business confidence at this level.  

CIDB acts on conviction that creation of construction jobs is at centre of economic recovery

By: Donna Slater     25th November 2020 In a sector hit hard by job losses and a general lack of work, initiatives in the construction industry designed to support the growth, and survival, of emerging contractors, should attract greater public attention and draw the support from established companies in the construction industry,... 

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