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Infrastructure at core of business’ R3.4-trillion economic recovery proposal 

By: Terence Creamer     Updated 5 hours ago Business for South Africa released an economic recovery strategy paper on July 10 that includes a list of 12 priority initiatives, many infrastructure-related, which the formation argues could bolster gross domestic product by R1-trillion, create up to 1.5-million jobs and increase yearly tax... 

Infrastructure at core of business’ R3.4-trillion economic recovery proposal
B4SA paper says green-economy investments should be accelerated as part of infrastructure-led recovery

ANC suggests pension funds take some Eskom assets 

By: Bloomberg     10th July 2020 The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC Ltd. into non-state hands was made in a discussion document... 

ANC suggests pension funds take some Eskom assets

Majority of IPPs said to agree to refinancing initiative 

By: Marleny Arnoldi     Updated 3 hours ago A representative from the Department of Mineral Resources and Energy's (DMRE's) Independent Power Producer (IPP) Office has confirmed that 70% of South Africa’s 64 IPPs have indicated they will participate in the department’s renewable energy project refinancing initiative. DMRE infrastructure... 

Pan African board approves development of 10 MW solar plant at Elikhulu 

By: Martin Creamer     Updated 7 hours ago The board of gold-mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday. Earlier this month, the... 

Pan African board approves development of 10 MW solar plant at Elikhulu
Photo by Creamer Media's Donna Slater
Gold pour at Elikhulu gold plant.

Unions win important Labour Appeal Court victory in SAA retrenchments case

By: Rebecca Campbell     10th July 2020 In a joint statement, the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) have welcomed the dismissal, by the Labour Appeal Court, of the appeal by the Business Rescue Practitioners (BRPs) of South African Airways (SAA) against a Labour... 

Public Enterprises warns SAA pilots that their business rescue proposals are unaffordable

By: Rebecca Campbell     Updated 5 hours ago The Department of Public Enterprises (DPE) has expressed its appreciation for the cooperation and commitment of the pilots of South African Airways (SAA), expressed through the SAA Pilot’s Association (SAAPA), during the business rescue process for the beleaguered State-owned national flag... 

Ford enters fourth month of face shield production 

By: Irma Venter     Updated 6 hours ago As the number of recorded Covid-19 cases continues to climb in South Africa, Ford Motor Company of Southern Africa (FMCSA) has entered its fourth month of producing protective face shields at its Silverton assembly plant, in Pretoria. To date, the vehicle manufacturer has assembled 285 000 face... 

Ford enters fourth month of face shield production 

Afrox assures public there are sufficient supplies of medical oxygen

By: Marleny Arnoldi     Updated 6 hours ago Gas supplier Afrox has assured the public that there is no shortage of medical oxygen in South Africa, contrary to what some media reports may have suggested. Afrox, as the sole supplier of medical oxygen to State hospitals and clinics, as well as to privately owned hospitals and clinics, is... 

DBSA supports local production of ventilators, other medical supplies

By: Marleny Arnoldi     Updated 7 hours ago The Development Bank of Southern Africa (DBSA) has launched Covid-19 response programmes in South Africa and the Southern African Development Community (SADC) region, valued at R150-million. The bank is providing support to various activities that will bolster national and local government... 

Drones being used to help governments fight the Covid-19 pandemic

By: Donna Slater     10th July 2020 With the onset of Covid-19, technology has come to the fore, as people have been forced to work from home or increasingly remotely to ensure physical distancing, thereby increasing reliance on remote, and even autonomous, methods of conducting duties, with keen interest in the potential use of... 

Drones being used to help governments fight the Covid-19 pandemic
Photo by Reuters
Authorities use a multi-rotor drone to broadcast messages through a loudspeaker in Kigali, Rwanda

Poultry industry requires threefold structural reforms

By: Tasneem Bulbulia     Updated 5 hours ago The poultry industry in the country requires three structural changes to grow and contribute further to the country’s economy and overcome internal challenges, as well as the external challenge of cheap imports. This was indicated by National Agricultural Marketing Council (NAMC) chief economic... 

Sanral says it is obligated to protect the commercial rights of concessionaires

By: Simone Liedtke     Updated 6 hours ago The South African National Roads Agency Limited (Sanral) says that while it agrees that “it ought to be transparent in its dealings with third parties”, it is also obliged to protect the rights of these parties.  This comes after the Organisation Undoing Tax Abuse (Outa) made a formal request for... 

Covid-19 wastewater virus-risk forensic service team announced

By: Schalk Burger     10th July 2020 A team comprising academics from the University of the Free State (UFS) and private sector laboratory specialists can provide a virus-risk forensic service using sewage samples to monitor Covid-19 hotspots, UFS said in a July 9 statement. Netherlands research agency KWR first demonstrated the... 

Talks over Grand Ethiopian Renaissance Dam remain deadlocked

By: African News Agency      Updated 3 hours ago Negotiations between Egypt, Sudan and Ethiopia over the filling and operation of the controversial Grand Ethiopian Renaissance Dam (GERD) have produced no results after seven straight days of talks, reported Daily News Egypt. According to the report, Egypt’s Ministry of Water Resources and... 

IEA warns oil demand recovery at risk from virus resurgence

By: Bloomberg     Updated 3 hours ago The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

Nasa’s latest Mars rover now on top of its launch rocket

By: Rebecca Campbell     Updated 2 hours ago The US National Aeronautics and Space Agency (Nasa) announced on Thursday that its latest Mars rover, Perseverance, had been attached to the top of the Atlas V launch rocket (produced by the United Launch Alliance) that will carry it into space. The operation actually took place on Tuesday. The... 

Nasa’s latest Mars rover now on top of its launch rocket
Photo by Nasa
Encased within the nose cone, the Mars 2020 spacecraft is manoeuvred into place on top of its Atlas V launch rocket

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent 

By: Martin Creamer     Updated 2 hours 21 minutes ago Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent. In an operational update for the year ended June 30, the London-,... 

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent
Hydraulic mining of Pan African's surface tailings.

South Africa urged to recycle more of its copper scrap

By: Donna Slater     Updated 2 hours 34 minutes ago Given limited domestic copper production, South Africa should prioritise the recycling of copper scrap to ensure there remains sufficient stock as the economy changes to be more energy efficient and less reliant on fossil fuels, Copper Development Association Africa (CDAA) executive chairperson... 

Sisulu calls for action against individuals “blocking development”

By: Tasneem Bulbulia     Updated 3 hours ago Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has called for strong and immediate action to be taken against individuals who are preventing people from being moved into their new homes in the City of Cape Town. This comes after reports that a group of people from a Cape Town... 

Tribunal confirms three more consent agreements related to excessive pricing

By: Simone Liedtke     Updated 6 hours ago The Competition Tribunal has confirmed three more consent agreements relating to Covid-19 excessive pricing complaints. The Competition Commission had concluded the consent agreements with the three firms after receiving and investigating complaints from the public. 

Stage 2 load-shedding to start at 12:00

By: Tasneem Bulbulia     Updated 7 hours ago The possibility that State-owned Eskom will implement load-shedding from 12:00 to 22:00 on Friday. This was owing to an increase in plant breakdowns exceeding 3 000 MW of capacity. While five generation units had been taken off the grid on Thursday night and Friday morning a breakdown at the... 

Stage 2 load-shedding to start at 12:00

Thermal scanning system helps speed up Covid-19 screening

By: Schalk Burger     10th July 2020 Pretoria-based technology company Foresight Security has installed a locally developed thermal scanning system at a mine in the Northern Cape to help detect any possible cases of Covid-19. The system is capable of scanning two rows of mineworkers walking at a normal pace without them having to... 

Sappi closes some operations in Germany and the US

By: Simone Liedtke     9th July 2020 Pulp and paper company Sappi has announced the closure of the Paper Machine 2 (PM2) at its Stockstadt Mill, in Germany, as well as Paper Machine 9 (PM9) and the energy complex at its Westbrook Mill, in the US. This will cumulatively remove capacity, reduce costs, improve machine use and increase... 

Growthpoint expects at least 15% y/y decrease in distributions a share

By: Tasneem Bulbulia     9th July 2020 Owing to the impact of the Covid-19 pandemic on it business, the rental relief that has been provided to tenants, arrear rentals and the ongoing uncertainty of the future impact of this crisis on the global economy, and its business in particular, JSE-listed Growthpoint Properties expects... 

Global airline body urges major economies to support sustainable aviation fuel

By: Rebecca Campbell     9th July 2020 The International Air Transport Association (Iata), which is the representative body of the global airline industry, has called on the International Energy Agency (IEA) to give priority to investment in sustainable aviation fuel (SAF). Iata made this appeal ahead of the IEA’s Clean Energy... 

DTIC establishes industrial parks association as part of revitalisation efforts

By: Marleny Arnoldi     9th July 2020 The Department of Trade, Industry and Competition (DTIC) has invested more than R760-million in its Industrial Parks Revitalisation programme since its inception in 2015. The department, together with stakeholders, are in the process of establishing digital hubs in a number of industrial parks... 

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

L2D says interim financial results ‘severely impacted’

By: Simone Liedtke     9th July 2020 Trading improvement has been slow since the Level 3 lockdown restrictions were implement and JSE-listed real estate investment trust Liberty Two Degrees (L2D) says there has been “a severe impact on the second quarter and consequently the first half of the 2020 financial year". As a result, the... 

Hulamin becomes first aluminium semi-fabricator to achieve emissions milestone

By: Donna Slater     9th July 2020 Aluminium products manufacturer Hulamin reports that it has become the first global aluminium semi-fabricator to have a greenhouse-gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).   The SBTi mobilises companies to set science-based targets and boost their... 

South Africa's manufacturing output down 49.4% on Covid-19 impact 

By: Simone Liedtke     9th July 2020 South Africa's manufacturing production decreased by 49.4% year-on-year in April. Statistics South Africa (Stats SA) reports that the largest contributors to this decline was the motor vehicles, parts and accessories and other transport equipment sector, where output decreased by 98%... 

JSE says ETFs a haven for institutional investors

By: Simone Liedtke     9th July 2020 Professional and institutional investors wishing to gain exposure to different sectors, asset classes such as equities, commodities or government bonds are being encouraged by the JSE to use exchange-traded funds (ETFs).    

JSE says ETFs a haven for institutional investors

HealthSpace signs first paid contract with contact tracing solution

By: Natasha Odendaal     9th July 2020 Vancouver-headquartered HealthSpace Data Systems has signed the first paid contract in a package that includes the use of its extensive contact tracing solution. Mecklenburg County Health Department, in North Carolina, will use HealthSpace’s HSCloud Suite for contact tracing in a deal worth $157... 

HealthSpace signs first paid contract with contact tracing solution

Renergen CEO discusses company, project investment case

By: Simone Liedtke     9th July 2020 JSE- and ASX-listed Renergen is aiming to supply between 12% and 15% of the world's helium with Phase 2 of its Virginia gas project, in the Free State. The project is owned by Renergen subsidiary, Tetra4. 

Renergen CEO discusses company, project investment case
Renergen CEO Stefano Marani

Hyprop expands national solar project

By: Tasneem Bulbulia     9th July 2020 Real estate investment trust Hyprop is set to decrease its carbon footprint further, with the landlord expanding its solar project across 66% of its South African shopping mall portfolio. “As part of Hyprop’s drive to continually minimise the impact on the environment, one of our key focus areas... 

Parliamentary Defence Committee warns that budget cuts are endangering key projects

By: Rebecca Campbell     9th July 2020 Parliament’s Portfolio Committee on Defence and Military Veterans has warned that cost savings forced on the country’s defence acquisition and research and development agency Armscor could endanger key projects. The agency’s budget has been cut by R120-million. The committee praised Armscor for... 

Shift from high- to low-carbon must be systematic and just – Mantashe 

By: Terence Creamer     9th July 2020 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, used the platform created by the International Energy Agency (IEA) Clean Energy Transitions Summit on July 9 to stress that South Africa’s shift from a high-carbon to a low-carbon path needed to be both systematic and just.... 

Shift from high- to low-carbon must be systematic and just – Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

SA mid-year population increases to estimated 59.62m 

By: African News Agency      9th July 2020 South Africa's mid-year population is estimated to have increased to 59.62-million in 2020, according to a report released on Thursday by Statistics South Africa. "Gauteng continues to record the largest share of South Africa’s population, with approximately 15.5-million people (26,0%) living in... 

 SA mid-year population increases to estimated 59.62m

JL Dube Broadband Highsite project kicks off KwaZulu-Natal’s smart province ambitions

By: Natasha Odendaal     9th July 2020 The KwaZulu-Natal provincial government has switched on a JL Dube Broadband Highsite in Vezokuhle Primary School, Edendale, in the Umsunduzi municipality. The JL Dube Broadband Highsite aims to bring free WiFi to the communities of Pietermaritzburg. 

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