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Regulator gears up to evaluate new discounted tariff deal for Hillside smelter

By: Terence Creamer     Updated 33 minutes ago The National Energy Regulator of South Africa (Nersa) has invited stakeholder comment on a proposed 10-year negotiated pricing agreement (NPA) between Eskom and the Hillside aluminium smelter, in KwaZulu-Natal, which is owned by South32 and is Eskom’s largest single customer. The proposed NPA is... 

 Regulator gears up to evaluate new discounted tariff deal for Hillside smelter
The Hillside aluminium smelter

Vehicle exports decline by R27bn; component exports reach new record 

By: Irma Venter     Updated 2 hours 42 minutes ago The value of total automotive exports from South African declined by R26-billion, or 12.9%, from the record R201.7-billion reported in 2019, to R175.7-billion in 2020.  This is according to the Automotive Industry Export Council’s newly released 2021 Automotive Export Manual. 

Vehicle exports decline by R27bn; component exports reach new record
Norman Lamprecht

‘New normal’ of elevated renewables deployments outlined in new market update 

By: Terence Creamer     Updated 5 hours ago The International Energy Agency (IEA) has revised upwards, by 25%, its forecasts for renewable-energy capacity additions for 2021 and 2022 relative to those published in November, arguing that the platform is now in place for a “new normal” of elevated levels of yearly deployments. In its... 

‘New normal’ of elevated renewables deployments outlined in new market update

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge 

By: Terence Creamer     10th May 2021 The National Energy Regulator of South Africa announced on Monday that it would oppose an Eskom High Court application seeking to review and set aside the Energy Regulator’s latest regulatory clearing account determination. In an unusual step, the regulator also urged other stakeholders to join... 

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge

Stellenbosch’s LaunchLab proves invaluable to agritech startup

By: Marleny Arnoldi     Updated 2 hours 50 minutes ago What started as a homemade picking harness solution has grown into an agricultural company called Adagin Technologies that offer a full suite of high-tech solutions to help farmers monitor and optimise their operations. Adagin founder and joint MD FG Adriaanse says his first solution was borne... 

‘Right policy changes’ could ignite R150bn in electricity investment by private firms 

By: Terence Creamer     10th May 2021 Business Leadership South Africa, which is made up of some of South Africa's largest domestic and multinational companies, estimates that private firms would move to invest billions in new power generation capacity in the near term should the rules governing embedded or distributed plants be... 

 ‘Right policy changes’ could ignite R150bn in electricity investment by private firms

TPT to deploy new version of container terminal operating system

By: Schalk Burger     Updated 1 hour 45 minutes ago State-owned Transnet Port Terminals (TPT) will, later this month, launch a new version of its container terminal operating system Navis Sparcs N4. This latest version will set the new architectural foundation for added features and capabilities, says TPT CFO Sharla Chetty. 

Nhleko to join JSE board as nonexec director

By: Donna Slater     Updated 2 hours 59 minutes ago The JSE has appointed Phuthuma Nhleko as an independent nonexecutive director, effective July 1. He will serve as a member of the JSE’s group remuneration committee, group nominations committee and group deal committee. 

Raubex declares dividend, record order book

By: Schalk Burger     10th May 2021 Infrastructure development and construction materials group Raubex has declared a final cash dividend from income reserves of 29c a share for the financial year ended February 28. Its secured order book was at a record level following a recovery during the second-half of the financial year. 

Renergen detects gas odour at R2D2 well, drilling progressing

By: Simone Liedtke     10th May 2021 Drilling at natural gas and helium producer Renergen’s R2D2 well has progressed as anticipated, and drilling has been interpreted to be proximal to the target gas-bearing fracture system. The company reports that logging operations are under way in preparation for casing the well and applying for... 

GMA seeks transaction adviser for feasibility study

By: Marleny Arnoldi     10th May 2021 The Gautrain Management Agency (GMA) has published a request for proposals (RfP) for a transaction adviser to develop a detailed feasibility study for the procurement of the Gautrain Rapid Link system. The current concession agreement will expire in 2026. 

Redstone CSP reaches financial close, to start commercial operations in late 2023 

By: Schalk Burger     10th May 2021 Saudi energy generation and desalination company Acwa Power says construction has started on the 100 MW Redstone concentrated solar power (CSP) project after achieving financial close on the R11.6-billion project. Acwa, which is the lead shareholder in Redstone expects commercial operations to... 

Redstone CSP reaches financial close, to start commercial operations in late 2023

Windaba to return to Cape Town convention centre this year

By: Marleny Arnoldi     10th May 2021 The South African Wind Energy Association (SAWEA) has unveiled the theme for this year’s Windaba conference, ‘Renaissance of the Wind Energy Industry - Delivering Economic Benefits for South Africa’ . The two-day event, which returns to the Cape Town International Convention Centre following a... 

EPR amendments support recycling, not reuse, says advocacy organisation

By: Schalk Burger     10th May 2021 Environmental advocacy organisation Break Free From Plastic says the Extended Producer Responsibility (EPR) Amendments prioritise recycling schemes that have a poor record of dealing with plastic pollution instead of supporting systems to replace packaging including reuse and refill models.... 

Recovery in EU activity holds promise for South Africa’s M&A activity

By: Schalk Burger     10th May 2021 Mergers and acquisitions (M&A) activity in South Africa in the first quarter of this year was below the levels recorded prior to the pandemic, which demonstrates a continuation of investor nervousness from 2020, says law firm CMS South Africa M&A head of Africa Deepa Vallabh. Activity in South... 

Smart Borders concept a possibility through collaboration

By: Natasha Odendaal     10th May 2021 The resolution of border control challenges and the implementation of smart borders can be accomplished through cooperation, collaboration and trust-building between the public and private sectors. As technology evolves, so does the concept of borders; however, stakeholders need to ensure that... 

Smart Borders concept a possibility through collaboration

Online game shows scope, challenges of global climate change responses

By: Schalk Burger     Updated 1 hour 16 minutes ago A free online interactive fiction game Survive the Century aims to show players that the future of the climate depends on the choices people make today and, while light-hearted, it is informed by climate science. The branching narrative game about the political, environmental and social choices... 

WCA launches climate partnership to support decarbonisation of cement industry

By: Schalk Burger     Updated 46 minutes ago International industry body the World Cement Association (WCA) on May 11 launched its Climate Partnership programme to collaborate with nongovernmental organisations, think-tanks and sustainability-focused events providers as part of its continuing commitment to decarbonise the industry. The... 

Kenyan, South African airlines sign interline agreement which links their networks

By: Rebecca Campbell     10th May 2021 Kenya Airways – that country’s national flag carrier – and South African private-sector regional airline Airlink have concluded an interline agreement. This will give passengers seamless access to the networks of both operators, when booking flights with either one of these airlines. “As global... 

DP World says Congo port concession terms amended

By: Reuters     10th May 2021 Dubai State-owned port operator DP World said on Sunday it had agreed with the Democratic Republic of Congo to amend its contract for a 30-year port concession. DP World said the two sides had signed a term sheet summarizing the amendments following a review of some of the clauses signed in March... 

US asteroid probe has started its journey home

By: Rebecca Campbell     Updated 2 hours 9 minutes ago The US National Aeronautics and Space Administration (Nasa) has announced that its asteroid sample collection and return mission OSIRIS-REx has departed from near-Earth asteroid Bennu and is heading back to Earth. OSIRIS-REx is an acronym for Origins, Spectral Interpretation, Resource... 

US asteroid probe has started its journey home
Photo by Nasa
An artist’s impression of OSIRIS-REx leaving Bennu

Nasa’s ‘little helicopter that could’ makes another landmark flight on Mars

By: Rebecca Campbell     10th May 2021 The US National Aeronautics and Space Administration’s (Nasa’s) Mars drone helicopter, Ingenuity, made a successful fifth flight on Friday. This was another landmark sortie by the little aircraft, which lasted 108 seconds and which set a new altitude record of 10 m. But the key importance of this... 

Nasa’s ‘little helicopter that could’ makes another landmark flight on Mars
Photo by Nasa
Ingenuity (far left) photographed at its new landing site by the Perseverance rover

Fluor well positioned to meet global energy transition demands

By: Tasneem Bulbulia     Updated 2 minutes ago The global energy transition is driving significant demand for reliable and cost-effective renewable energy, as well as for minerals and alternative battery materials, states engineering company Fluor. Fluor Mining and Metals VP Russell Ayres points out that the company had, earlier this year,... 

Big jump in earnings margin generates strong cash ­for Harmony Gold

By: Martin Creamer     Updated 1 hour 53 minutes ago Gold mining company Harmony Gold has delivered another strong set of operational results year-on-year on the back of the integration of AngloGold Ashanti assets into its portfolio and a stronger rand per kilogram gold price. The combination of a higher gold price received and improved earnings... 

Big jump in earnings margin generates strong cash ­for Harmony Gold
Harmony Gold CEO Peter Steenkamp

Claims I bought R36-million in properties through Prasa are lies, Lucky Montana tells Zondo

By: News24Wire      Updated 3 hours ago Former Passenger Rail Agency South Africa (Prasa) group CEO Lucky Montana took to the Judicial Commission of Inquiry into State Capture - chaired by Deputy Chief Justice Raymond Zondo - to deny claims made to the commission that Siyangena Technologies bought him properties to the value of... 

Claims I bought R36-million in properties through Prasa are lies, Lucky Montana tells Zondo
Photo by Creamer Media
Former Prasa CEO Lucky Montana

Lebone reaping benefits of technology, people investments

By: Tasneem Bulbulia     10th May 2021 Print solutions company Lebone Litho Printers’ infrastructure and technological investments, as well as its skills development and small, medium-sized and microenterprise (SMME) focus, are engendering benefits for the company. This, combined with its diversification into digital, has enabled the... 

Release by AngloGold of vast exploration information attracting interest 

By: Martin Creamer     10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... 

Release by AngloGold of vast exploration information attracting interest
Photo by Creamer Media
AngloGold executive VP of group planning and technical Graham Ehm

Vaccine should be made available to all, not just to the highest bidders – Ramaphosa 

By: Thabi Madiba     10th May 2021 President Cyril Ramaphosa has said that if the international community is truly committed to human rights and the values of equality and non-discrimination, vaccines should be viewed as a global public good. Ramaphosa said in his weekly letter to the nation that vaccines should be made available... 

Vaccine should be made available to all, not just to the highest bidders – Ramaphosa
President Cyril Ramaphosa

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

By: Bloomberg     10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

AngloGold Q1 earnings rise to $203m despite lower production, higher costs

By: Martin Creamer     10th May 2021 Gold mining company AngloGold Ashanti reported first quarter headline earnings of $203-million, driven by the higher gold price. Q1 production of 2021 of 588 000 oz was down on the 630 000 oz for the same period last year and total cash cost of $999/oz was well up on the $773/oz from continuing... 

AngloGold Q1 earnings rise to $203m despite lower production, higher costs
Photo by Creamer Media
AngloGold Ashanti interim CEO Christine Ramon

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      7th May 2021 Power utility Eskom has placed a senior manager in its coal procurement division on preliminary suspension, citing alleged corruption. This follows a whistle-blower tip-off to Eskom. 

Nyanza Light Metals secures R28m facility from Afreximbank

By: Yvonne Silaule     7th May 2021 Pan-African multilateral trade finance institution the Africa Export-Import Bank (Afreximbank) has approved a R28-million project preparation facility for titanium dioxide pigment manufacturer Nyanza Light Metals, which is based in the Richards Bay Industrial Development Zone (RBIDZ). Afreximbank... 

Mergence gains majority ownership of Ejuva solar plants

By: Schalk Burger     7th May 2021 Asset manager Mergence has increased its shareholding of the two Ejuva renewable energy projects, in Gobabis, Namibia, from 17% to a majority stake of 66%. It acquired the 49% interest previously held by co-developer and initial part-financier energy engineering company CIGenCo. 

TPT developing Cargo Connect logistics app

By: Schalk Burger     7th May 2021 State-owned Transnet Port Terminals (TPT) is developing the Cargo Connect app, which will serve as a digital marketplace for logistics services in South Africa. The app will increase the logistics’ network visibility and benefit customers and the broader supply chain. Some of the app's features... 

Ingula Nature Reserve added to Ramsar Wetlands of International Importance list

By: Schalk Burger     7th May 2021 The Ingula Nature Reserve, created to conserve the unique wetland and high altitude grassland area that hosts State-owned power utility Eskom’s Ingula pumped storage scheme, has been included in the International Ramsar Convention on Wetlands of International Importance, which is an international... 

L2D continues deriving value from positive retail growth

By: Simone Liedtke     7th May 2021 Precinct-focused and retail-centered real estate investment trust Liberty Two Degrees (L2D) continues to successfully weather the impacts of the Covid-19 pandemic, building on the basis of strong property fundamentals, as it continues to derive value in the current economic conditions from its... 

New Memsa CEO to focus on advocacy, partnerships to grow local mining equipment manufacturing

By: Schalk Burger     7th May 2021 Industry organisation the Mining Equipment Manufacturers of South Africa (Memsa) has appointed Lehlohonolo Amos Molloyi CEO and programmes manager. He plans to maximise the industry body's impact through advocacy and partnership to support localisation, transformation, technology development and... 

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Gold Fields going greener and cleaner across broad front
Photo by Creamer Media
Gold Fields' South Deep gold mine, near Carletonville

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