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Board gives go-ahead for Daimler split, SA to follow 

By: Irma Venter     4th August 2021 The management board and supervisory board of German car and truck maker Daimler have given the go-ahead for the group to split in two: Mercedes-Benz Group and Daimler Truck. Daimler shareholders are set to decide on the company realignment at an extraordinary general meeting on October 1. 

Image of the Mercedes-Benz three-pointed star

DBSA calls for proposals for Embedded Generation Investment Programme  

By: Tasneem Bulbulia     4th August 2021 Development finance institution the Development Bank of Southern Africa (DBSA) is inviting all private sector entities and energy developers to submit proposals in response to South Africa’s Embedded Generation Investment Programme (EGIP). The EGIP seeks to provide first loss facilities and... 

An image showing solar panels being cleaned at a power station in New Delhi
Photo by Bloomberg
Solar panels

Business seeks to nudge localisation debate beyond import substitution 

By: Terence Creamer     4th August 2021 Business is aiming to progress ongoing negotiations on the use of local-content regulations to revive manufacturing in South Africa beyond calls for blanket import substitution by identifying specific products or sectors where the country has the competitive advantages in place to increase... 

A photo of a worker welding

Telkom appoints Serame Taukobong as group CEO designate

By: Natasha Odendaal     4th August 2021 Telecommunications group Telkom has appointed Serame Taukobong as group CEO designate with effect from October 1, 2021. “Taukobong is a seasoned executive, with deep experience in the information and communication technology sector in South Africa and the continent,” said Telkom chairperson Sello... 

Telkom delivers strong first-quarter results

By: Natasha Odendaal     4th August 2021 Telecommunications group Telkom has reported strong growth in the first quarter of the 2022 financial year, mostly driven by its mobile business. In the three months to June 30, group earnings before interest, tax, depreciation and amortisation (Ebitda) increased 7.3% to R2.7-billion, with the... 

Ford South Africa appoints Yota Baron as new CFO 

By: Irma Venter     4th August 2021 Yota Baron has been appointed as the new CFO for Ford South Africa. She previously served as CFO for direct markets within the Ford International Markets group. 

A photo of Yota Baron, Ford SA CFO
Yota Baron

Renergen inks multiple conditional helium sales agreements for its Virginia project

By: Simone Liedtke     4th August 2021 Domestic natural gas and helium producer Renergen has inked multiple conditional helium sales agreements from its planned Phase 2 plant at the Free State-based Virginia gas project. Following the company’s maiden sales agreement in April for Phase 2 helium, Renergen has further secured three... 

City Power clamps down on illegal connections

By: Marleny Arnoldi     4th August 2021 Johannesburg utility City Power plans to impose steep fines on those who connect to the Johannesburg power grid illegally, in efforts to recoup non-technical losses that amount to about R2-billion a year. The move also follows the fatal electrocution of two people in Crosby, during which City... 

Sub-Saharan Africa growth opportunity at risk without right policy - S&P

By: Reuters     4th August 2021 Sub-Saharan Africa's labour force is set to more than double by 2050, boosting economic growth, but a lack of jobs, sound economic policy and investment in education might jeopardise its chance to catch up with developed countries, S&P Global Ratings said on Wednesday. The region is going to be... 

South African factory activity shrinks on unrest, Covid-19 restrictions - PMI

By: Reuters     4th August 2021 South African private sector activity fell at its fastest rate in ten months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) fell to 46.1... 

African executives optimistic about growth despite pandemic, challenges

By: Tasneem Bulbulia     Updated 7 hours ago Despite the global pandemic and its impacts, Africa’s C-suite executives are optimistic about business growth this year, international audit, tax and advisory firm Mazars’s ‘2020 C-suite Barometer’ finds. In early 2020, Mazars decided to initiate the new barometer to assess the views of C-suite... 

South Africa establishes visa facilitation centres in 11 Chinese cities

By: Yvonne Silaule     Updated 7 hours ago South Africa has established visa facilitation centres in 11 Chinese cities as part of measures to improve the ease of international travel to South Africa. The new measure is extended to business visitors holding diplomatic, official/services and ordinary passports, who apply for visas to visit... 

CDI Capital Growth Fund zooms in on e-commerce, digital services SMMEs

By: Marleny Arnoldi     Updated 7 hours ago The CDI Capital Growth Fund has turned its focus to small businesses involved in e-commerce and digital services, which the impact funder believes is a sector that has proved resilient throughout recent shocks to the economy and can help create jobs going forward. The funder is encouraging... 

Caltex service stations to be rebranded as Astron Energy

By: Donna Slater     4th August 2021 All Caltex-branded service stations in South Africa and Botswana will be rebranded as Astron Energy. Astron owns South Africa’s second largest petroleum network and there are over 850 Caltex-branded service stations in South Africa and Botswana.  

An image of a Caltex garage

Africa needs to spend $15.7bn on refineries to curb emissions

By: Bloomberg     4th August 2021 African nations need to spend about $15.7-billion on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges, according to an industry lobby group. Governments on the continent should focus on reducing sulfur levels in petroleum products because... 

Iata statistics show Covid-19 affected its six regions differently

By: Rebecca Campbell     Updated 6 hours ago In percentage terms, Africa suffered the third worse fall in air passenger numbers last year, the Iata World Air Transport Statistics document, published on Tuesday, has shown. Iata is the International Air Transport Association, the representative body of the global airline industry. African air... 

Iata statistics confirm depth of airline industry crisis last year

By: Rebecca Campbell     Updated 6 hours ago The release on Tuesday of the International Air Transport Association’s (Iata’s) “Iata World Air Transport Statistics” report, covering 2020, has confirmed with hard data the depth of the crisis that afflicted the global aviation industry last year, as a result of the Covid-19 pandemic. (Iata is... 

Boeing’s Starliner space capsule programme suffers another delay

By: Rebecca Campbell     4th August 2021 Giant US aerospace and defence group Boeing has suffered another delay with its element of the US National Aeronautics and Space Administration’s (Nasa’s) Commercial Crew Programme (CCP). Nasa announced that the launch attempt planned for Wednesday had been scrubbed and that the spacecraft would... 

An image of the Starliner capsule being integrated with the Atlas V rocket
Photo by Nasa
The Starliner capsule being integrated with the Atlas V rocket in the VIF

Piracy surge in atlantic a boon for South African boat builder

By: Bloomberg     Updated 6 hours ago A proliferation of pirate attacks in the Gulf of Guinea, an expanse of the Atlantic Ocean stretching from Senegal to Angola, is driving a security-boat building boom in South Africa. Paramount Maritime Holdings, a unit of Africa’s biggest privately owned arms-maker, Paramount Group, says it has... 

RBPlat CEO Steve Phiri sees PGMs market remaining strong for years  

By: Martin Creamer     Updated 7 hours ago Royal Bafokeng Platinum  CEO Steve Phiri sees the market for platinum group metals (PGMs) remaining strong for many years to come. In a Zoom interview with Mining Weekly following the JSE-listed PGM mining company’s presentation of outstanding record financial results, Phiri outlined the strong... 

Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Battery Electric delivers on diesel machine conversion tech 

4th August 2021 As investors place greater emphasis on carbon footprints, underground railway control systems manufacturer Battery Electric is ready to assist companies on their decarbonisation journey. Tracy Hancock tells us more. 

Battery Electric delivers on diesel machine conversion tech

Delta restarts Johannesburg-Atlanta flights

By: Rebecca Campbell     3rd August 2021 Major US carrier Delta Air Lines has reinstated direct flights between Atlanta, in the US state of Georgia, and Johannesburg. Atlanta is where the airline is headquartered, and the reinstitution of the direct link between the two cities comes 15 years after the route was originally established,... 

Energy industry veteran Dr Thabo Kgogo passes away

By: Marleny Arnoldi     3rd August 2021 The family of energy industry veteran Dr Thabo Kgogo has advised of his passing from Covid-19 complications on July 30. Most recently, he served as CEO of asset manager Gemcorp Energy’s refineries business, which has two refineries under construction in Liberia and Angola –Kgogo had been... 

Rhodium again top performer in RBPlat’s revenue basket  

By: Martin Creamer     3rd August 2021 Rhodium was once again the top performer in the revenue basket for platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat), the revenue of which was up 108.1% to R9 584.3-million in the six months to June 30. The average rhodium price for the period increased threefold to $25... 

Royal Bafokeng Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zutari secures design and site supervision services tender for three major bridges in LHWP Phase II

By: Creamer Media Reporter      3rd August 2021 The Lesotho Highlands Development Authority (LHDA) has contracted consulting engineering and infrastructure advisory firm Zutari to provide the design and site supervision services for the construction of the Senqu Bridge, the Mabunyaneng Bridge and the Khubelu Bridge as part of the Lesotho... 

M&R’s mining platform bags two contracts in North America

By: Marleny Arnoldi     3rd August 2021 JSE-listed Murray & Roberts’ mining platform has secured two contracts in its Cementation Americas business, valued at R1.2-billion. The first contract involves underground characterisation development and infrastructure for global miner Rio Tinto’s Kennecott Utah Copper project, in the US,... 

30 MW solar study will be concluded in second quarter of 2022 – RBPlat  

By: Martin Creamer     3rd August 2021 The feasibility study for the construction of the 30 MW modular photovoltaic plant for renewable energy will be concluded in the second quarter of 2022, platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) reported on Tuesday when it presented record financial results and... 

Royal Bafokeng Platinum results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African lawmakers plan probe into emergency power contracts

By: Bloomberg     3rd August 2021 South African lawmakers plan to probe the country’s emergency power procurement program, the bulk of which was won by Turkey’s Karpowership. A program and terms of reference will be drawn up by the Mineral Resources and Energy Portfolio Committee, its chairman, Zet Luzipo, a lawmaker for the... 

TVET intervention aims to boost engineering skills pipeline in Eastern Cape 

By: Irma Venter     3rd August 2021 An intervention launched with public technical vocational education and training (TVET) colleges in the Eastern Cape is expected to aid the output of engineering training and boost the pipeline of skills required by South Africa’s automotive industry. The intervention will place mechanical and... 

An image of IYF programme manager Masakhane Mlamla, AIDC EC project coordinator Priscilla Fry and AIDC EC CEO Thabo Shenxane
IYF programme manager Masakhane Mlamla, AIDC EC project coordinator Priscilla Fry and AIDC EC CEO Thabo Shenxane

From a coal-to-gas conversion to a microgrid factory, Eskom builds Komati’s just energy transaction case 

By: Terence Creamer     3rd August 2021 State-owned electricity utility Eskom is hoping to transform the workshops at the Komati power station – identified as the flagship site for the piloting of a broader ‘just energy transition’ programme that couples decarbonisation with social upliftment – into a factory capable of manufacturing... 

Photograph of the Komati power station
A file photo of the Komati power station, which has generated electricity since 1961

Microsoft, IFC pilot small-scale farmer digital tools initiative

By: Marleny Arnoldi     3rd August 2021 Microsoft, through its 4Afrika initiative, has partnered with the International Finance Corporation (IFC) to make digital tools and training resources more accessible to the small-scale agricultural sector. The partnership will leverage 4Afrika’s unique digital platforms and the IFC’s... 

DWS implements project to help drought-stricken Graaff-Reinet

By: Yvonne Silaule     3rd August 2021 The Department of Water and Sanitation has provided R71.8-million in funding to the Dr Beyers Naude local municipality, in the Eastern Cape, for the Graaff-Reinet Emergency Bulk Supply Scheme. The scheme is aimed at addressing the water supply challenges in the drought-stricken town of... 

Soaring aluminum drives up cost of everything from beer to foil

By: Bloomberg     3rd August 2021 For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next... 

Seifsa, Numsa to meet on August 10 to discuss deadlock

By: Marleny Arnoldi     3rd August 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has declared a counter dispute against the National Union of Metalworkers of South Africa (Numsa) after the union refused to accept the federation’s proposed wage offer. The offer was made at the Metal and Engineering... 

Perfect storm took heavy toll on motor industry – NADA, WesBank 

By: Irma Venter     3rd August 2021 The South African economy, including the automotive industry, was hit by the perfect storm last month, says National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse. “This is not limited to July and will, in all likelihood, have an ongoing negative effect for several months to... 

Graph of July 2021 sales division in SA auto market
July 2021 new-vehicle sales

IMF nations approve record $650bn to aid virus fight

By: Bloomberg     3rd August 2021 The International Monetary Fund approved the biggest resource injection in its history, with $650-billion meant to help nations deal with mounting debt and the fallout from the Covid-19 pandemic. The creation of the reserve assets – known as special drawing rights – is the first since the... 

An image of the International Monetary Fund's logo

Coal-reliant South Africa is turning to gas power

By: Bloomberg     3rd August 2021 Power failures have become routine in South Africa. At the same time, the country wants to wean itself off the coal that generates more than 80% of its electricity and makes it the world’s ­twelfth‑biggest source of greenhouse gases. Most of South Africa’s power stations are near the end of their... 

RBPlat declares R1.5bn dividend on record first-half performance

By: Martin Creamer     3rd August 2021 Platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) has declared a R1.5 billion interim dividend in addition to the R482.3 million buy-back and redemption of a portion of its convertible bonds on the back of a record performance in the six months to June 30. RBPlat... 

Creamer Media picture of Steve Phiri
Photo by Creamer Media
RBPlat CEO Steve Phiri

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