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IPP procurement a signal that growth-enhancing reform is moving ahead – Ramaphosa 

By: Terence Creamer     Updated 5 hours ago President Cyril Ramaphosa says the Gazetting of a Ministerial determination enabling the development of more than 11 800 MW of new electricity capacity by independent power producers (IPPs) signals government’s intention to move ahead with one of the key reforms needed to unlock growth and... 

IPP procurement a signal that growth-enhancing reform is moving ahead – Ramaphosa
Photo by Creamer Media
President Cyril Ramaphosa

Green shoots evident in local economy, says NADA chairperson

By: Irma Venter     Updated 3 hours ago “There is a natural tendency for South Africans to look at the negative aspects of the nation’s economy under lockdown, but if we look on the brighter side, green shoots are in plain view,” says National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse. “Firstly, we are pleased... 

Green shoots evident in local economy, says NADA chairperson
Mark Dommisse

South Africa's post coronavirus economic recovery faces risks - Moody's

By: Reuters     Updated 49 minutes ago South Africa's post coronavirus economic recovery will face a number of constraints, with risks of a larger than forecast contraction this year tilted to the upside, ratings firm Moody's said on Monday. A recession deepened by the impact of the coronavirus has frustrated economic reform efforts... 

South Africa's post coronavirus economic recovery faces risks - Moody's

National Treasury seeks conditions on SAA loan guarantees

By: Bloomberg     Updated 3 hours ago South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter. Treasury and Department of Public Enterprises officials met Saturday to discuss ways to restart... 

SEZ webinar to spotlight economic growth potential, industrialisation

By: Donna Slater     Updated 4 hours ago The Department of Trade, Industry and Competition (DTIC), in partnership with the Centre for Development and Enterprise (CDE), will on September 29 host a webinar on the role of special economic zones (SEZs) as drivers of economic growth and industrialisation.   Trade, Industry and Competition... 

DMRE confirms Eskom as buyer of renewable energy under REIPPPP Bid Window 5 

By: Marleny Arnoldi     25th September 2020 Mineral Resources and Energy Minister Gwede Mantashe on September 25 gazetted a Section 34 Determination to procure energy from independent power producers. This paves the way for Bid Window 5 of the Renewable Energy Independent Power Producer Procurement Programme.  

DMRE confirms Eskom as buyer of renewable energy under REIPPPP Bid Window 5

Skilled workers seek jobs on the streets of South Africa

By: Bloomberg     Updated 1 hour 2 minutes ago South Africa is forecast to set an unwelcome world record this week when its statistics agency is predicted to report unemployment rose to a record 34.8% in the second quarter, which would be the highest of 83 countries tracked by Bloomberg. Ayanda Mbatha was among the unlucky ones who joined the... 

Skilled workers seek jobs on the streets of South Africa

South African Airways Techical suspends services to parent over nonpayment

By: Reuters     Updated 5 hours ago South African Airways' maintenance subsidiary has withdrawn services to its parent after the struggling airline failed to pay money owed to the unit, an SAA spokesman said on Saturday. Administrators took control of SAA in December after almost a decade of financial losses, and have been trying... 

‘Emergency’ IPP power projects to be grid-connected by mid-2022 

By: Marleny Arnoldi     25th September 2020 The Department of Mineral Resources and Energy (DMRE) and the Independent Power Producer (IPP) Office has set the long-stop date for projects under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) to start commercial operation as the end of June 2022. The... 

‘Emergency’ IPP power projects to be grid-connected by mid-2022

juwi appoints Austin as regional director

By: Donna Slater     Updated 2 hours 31 minutes ago Renewable Energy company juwi Renewable Energies has appointed former MD Greg Austin as Europe, Middle East and Africa (EMEA) regional director, effective October 1. He has worked in the renewable energy sector since 2000 and joined juwi in 2012 as South Africa MD.  

juwi appoints Austin as regional director
juwi Renewable Energies incoming Europe, Middle East and Africa regional director Greg Austin

IWA recognises Rand Water senior manager as distinguished fellow

By: Tasneem Bulbulia     Updated 3 hours ago The International Water Association (IWA) Fellows steering committee and the IWA board of directors have approved Rand Water GM for scientist services Professor Hamanth Kasan's nomination as an IWA Distinguished Fellow. Kasan is only the second South African and the first local expert of colour... 

Green hydrogen economy growing rapidly – Hatch 

By: Martin Creamer     25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... 

Green hydrogen economy growing rapidly – Hatch
Photo by Raglan Mine
Glencore's Raglan Mine in Canada.

G20 Trade Ministers support economic diversification

By: Yvonne Silaule     25th September 2020 Ministers from the largest economies – including the US, China, the EU, India, Japan, Brazil and Indonesia – attended the G20 Trade and Investment Ministers meeting earlier this week, where they took a stance to support economic diversification. South Africa was the only country representing the... 

G20 Trade Ministers support economic diversification
Minister of Trade, Industry and Competition Ebrahim Patel

FDI can sustainably strengthen Africa, says Merkel's Africa representative

By: Simone Liedtke     25th September 2020 Foreign direct investment (FDI) can sustainably strengthen the development of the African continent so that the people that live on it “can create real opportunities and prospects for themselves and their families”, says Günter Nooke, who is the African representative of  German Chancellor Angela... 

Eskom COO cleared of all wrongdoing in Aveng payment dispute

By: Marleny Arnoldi     25th September 2020 The grievance procedure brought against Eskom COO Jan Oberholzer has been brought to finality and he has been cleared of all wrongdoing in a payment dispute with a contractor, construction company Aveng, power utility Eskom said in a statement on September 25. Following a court’s findings... 

Eskom COO cleared of all wrongdoing in Aveng payment dispute
Photo by Creamer Media's Donna Slater
Eskom COO Jan Oberholzer

Repurposing of mining land could help create farming jobs at scale

By: Marleny Arnoldi     25th September 2020 While the viability of rehabilitiating mined land for agricultural purposes is still being debated and researched, there are success stories in the making, where mining companies are helping their host communities develop sustainable agricultural economies as mining activity winds down. These... 

Repurposing of mining land could help create farming jobs at scale

Airlink airline restarting regional operations in early October

By: Rebecca Campbell     25th September 2020 South African private-sector airline Airlink has announced that it will start phasing back in its regional flight network, with effect from October 5. It also announced that it will soon institute a new regional route, to Mozambique. On October 5 the airline will restart operations between... 

Airlink airline restarting regional operations in early October
Photo by St Helena Tourist Authority
An Embraer E190 of Airlink

ARC Investments notes update on R750m rights offer

By: Tasneem Bulbulia     25th September 2020 JSE-listed African Rainbow Capital (ARC) Investments has made a rights offer circular available on its website. The company previously announced its intention to raise R750-million, less expenses of the rights offer of about R3.5-million, through a fully committed and underwritten pro rata... 

Transition to green energy needs to happen as soon as possible, says think tank

By: Donna Slater     25th September 2020 The transition from burning fossil fuels and the large-scale emitting of carbon dioxide and other harmful gases to renewable energies needs to happen as quickly as the industry can manage, independent financial think tank Carbon Tracker Initiative founder and executive chairperson Mark Campanale... 

Western Cape launches fifth route in Cape Cycle network

By: Yvonne Silaule     25th September 2020 Western Cape Premier Alan Winde and Minister of Finance and Economic Opportunities David Maynier have launched the Karoo Crossing Route in the Cape Karoo gem of Prince Albert. The Karoo Crossing is the fifth route in the Cape Cycle Routes network, which is a Western Cape government-led initiative... 

Diesel vehicle push could boost platinum demand, says WPIC 

By: Donna Slater     25th September 2020 A resurgence in encouraging vehicle buyers to buy diesel vehicles could result in a boost for platinum demand, says the World Platinum Investment Council (WPIC). In January 2021, the European Commission will measure the average fleet carbon dioxide (CO2) emissions of each European automotive... 

Manganese market fundamentals reaffirmed at Tesla Battery Day

By: Marleny Arnoldi     25th September 2020 TSX-V-listed Giyani Metals Corporation says it is encouraged by the endorsement of high-purity manganese as a critical component of cathode chemistries, as discussed during the Tesla Battery Day event on September 22. Tesla announced that the cathode chemistry for its intermediate range... 

Manganese market fundamentals reaffirmed at Tesla Battery Day
Photo by Creamer Media
Manganese ore

Significant step forward in clean aviation with hydrogen-powered flight in the UK

By: Rebecca Campbell     25th September 2020 Anglo-US company ZeroAvia has successfully carried out the world’s first flight of a ‘commercial-grade’ aircraft powered by a hydrogen fuel cell. The aircraft is a modified Piper Malibu, a single-engined six-seater (comprising, usually, one pilot and five passengers). The flight took place at... 

Significant step forward in clean aviation with hydrogen-powered flight in the UK
Photo by ZerpAvia
ZeroAvia’s hydrogen fuel cell-powered Pipe Malibu takes off on its first flight. Note the specially-assigned and symbolic registration of G-HYZA

Iata signs agreement with UN counter-terrorism agency

By: Rebecca Campbell     25th September 2020 The International Air Transport Association (Iata), the representative body of the global airline industry, and the United Nations (UN) Office of Counter-Terrorism (UNOCT) have signed, in a virtual ceremony, a memorandum of understanding to strengthen cooperation in regard to the UN Countering... 

Global steel output up 0.6% y/y in August

By: Creamer Media Reporter      25th September 2020 Global steel production for the 64 countries reporting to the World Steel Association (worldsteel) increased by 0.6% year-on-year to 156.2-million tonnes in August. Steel production in Africa, however, decreased by 11.2% year-on-year to 775 000 t, driven by a 24% year-on-year decrease in South... 

SA commits $500 000 to empower female financial leaders

By: Yvonne Silaule     Updated 36 minutes ago South Africa has made a commitment of $500 000 to the African Women Impact Fund, which seeks to empower women financial leaders. South African President Cyril Ramaphosa, in his capacity as President of the African Union (AU), said on Monday, during a high level virtual panel hosted by G7... 

SA commits $500 000 to empower female financial leaders
AU President Cyril Ramaphosa

SA's transition to renewables 

25th September 2020 Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the role of renewables in South Africa's energy system, concerns that some industries and people may be left behind during this transition and some of the solutions being considered. 

SA's transition to renewables

Fairvest reports resilient performance in an 'exceptionally tough' environment 

By: Tasneem Bulbulia     23rd September 2020 Property investment holding company Fairvest Property Holdings' total distribution for the financial year ended June 30 was 21.038 c apiece – 3.4% year-on-year decrease. “We are pleased with the resilience that our portfolio has shown, in what can only be described as an exceptionally tough... 

Fairvest CEO Darren Wilder outlines the company's performance for the period

FNB survey shows decline in all three commercial property markets

By: Tasneem Bulbulia     23rd September 2020 The FNB Commercial Property Broker Survey for the third quarter shows that all three major commercial property buying/selling markets are substantially oversupplied, which appears supportive of the financial services provider's expectation of a near-term decline in commercial property values.... 

Manufacturing tipping point could be pushed back by innovation and tech – De Ruyter

By: Donna Slater     23rd September 2020 Addressing the Manufacturing Circle annual general meeting (AGM) on September 22, Eskom CEO and former Manufacturing Circle former chairperson Andre de Ruyter said that investing in research, embracing innovation and technology and lowering manufacturing costs are equally critical in boosting... 

Ten lessons to guide South Africa’s ‘just transition’ from coal to renewables 

By: Terence Creamer     23rd September 2020 A new study, which outlines global best practices for just-transition journeys, includes ten lessons for South Africa to consider as the country prepares to navigate what it hopes will be a just transition, over the coming decades, from an electricity sector based on coal to one based... 

Ten lessons to guide South Africa’s ‘just transition’ from coal to renewables

‘Green’ ship breaking facility planned in South Africa

By: Rebecca Campbell     23rd September 2020 South Africa’s national development finance institution, the Industrial Development Corporation (IDC), is backing a project to establish an environmentally-friendly ship-scrapping facility in the Saldanha Bay Industrial Development Zone on the country’s west coast. The new facility, to be named... 

IFC backs Imperial rollout of modular Covid-19 screening, treatment units

By: Marleny Arnoldi     23rd September 2020 The International Finance Corporation (IFC) has partnered with JSE-listed logistics group Imperial to develop a modular Covid-19 screening and treatment healthcare infrastructure programme in sub-Saharan Africa. With support from IFC, Imperial will first develop a pilot project in South Africa... 

IFC backs Imperial rollout of modular Covid-19 screening, treatment units
An Unjani Clinics modular primary healthcare unit

UNWTO, Google partner to drive digital innovation in the tourism sector

By: Donna Slater     23rd September 2020 The United Nations World Tourism Organisation (UNWTO) and Google have partnered to boost digital transformation of the tourism sector with the development of an online Acceleration Programme for UNWTO member States’ tourism Ministers, top travel associations and tourism boards to further develop... 

Africa Foundation calls for all borders to be opened to save tourism sector

By: Donna Slater     23rd September 2020 Each day South Africa keeps its borders closed, albeit partially, the negative effects are felt by communities dependent on tourism for survival, says independent nonprofit organisation Africa Foundation business development manager Rebekah Copham. She says the sooner government reopens borders... 

Inequalities hamper remote learning in S Africa – UCT study

By: Sane Dhlamini     23rd September 2020 A recent University of Cape Town study has revealed that technical and vocational education and training students are faring worse than university students in terms of internet access for remote learning. The study was conducted by researchers Dr Nicola Branson, Emma Whitelaw and Samantha... 

Inequalities hamper remote learning in S Africa – UCT study

Pandemic presents opportunity to rethink PEPs, speaker says

By: Tasneem Bulbulia     23rd September 2020 There is a need to reconsider the approach of Public Employment Programmes (PEPs) and to structure these to upskill workers for the workplace of the future, a webinar hosted by the Department of Public Works and Infrastructure on September 22 has revealed. Development Economist consultant Liesel... 

Russian and African organisations sign nuclear energy agreement

By: Rebecca Campbell     23rd September 2020 Russia’s State-owned nuclear energy group Rosatom signed a memorandum of understanding (MoU) with the African Commission on Nuclear Energy (Afcone) this week. The MoU, signed simultaneously in Pretoria and Moscow, provides for cooperation between the two organisations in the peace uses of nuclear... 

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