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US support for Covid-19 vaccine waiver welcomed, but much more to be done  

By: Tasneem Bulbulia     Updated 2 hours 40 minutes ago The US administration’s announcement this week of support to waive intellectual property (IP) protections for Covid-19 vaccines is a positive step to overcoming legal and other barriers to increasing Covid-19 healthcare access; however, much more needs to be done and pressure by civil society... 

US support for Covid-19 vaccine waiver welcomed, but much more to be done
Photo by Reuters
Covid-19 vaccines

Vehicle prices increasing sharply – TransUnion 

By: Irma Venter     7th May 2021 The latest TransUnion South Africa Vehicle Pricing Index (VPI) reveals some bad news for prospective car buyers: new-vehicle prices rose by almost three times the current inflation rate in the first quarter of the year and are expected to continue increasing in coming months.  At the same time,... 

Vehicle prices increasing sharply – TransUnion

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     Updated 2 hours 11 minutes ago 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

Nyanza Light Metals secures R28m facility from Afreximbank

By: Yvonne Silaule     Updated 1 hour 40 minutes ago 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... 

BMW SA hands over 150-bed overflow facility at Bronkhorstspruit hospital

By: Schalk Burger     Updated 5 hours ago Automotive multinational BMW Group South Africa (BMW SA) has handed over a 150-bed overflow facility, at Bronkhorstspruit Hospital, which will benefit nine hospitals and four clinics. The facility forms part of a long-term and sustainable R76-million investment in creating more than 800 beds in... 

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

By: Schalk Burger     Updated 2 hours 3 minutes ago 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... 

PG Bison to add new MFB press, hot coating line at its Boksburg operation

By: Schalk Burger     7th May 2021 Wood-based panel products manufacturer PG Bison has received approval from parent company KAP Industrial Holdings for the purchase of a new melamine-faced board (MFB) press and an additional hot coating line. The MFB press and hot coating line will be located at its Boksburg site, in Gauteng, and... 

Tetra Pak says EPR regulations will see greater industry collaboration

By: Marleny Arnoldi     Updated 3 hours ago Packaging company Tetra Pak South Africa (SA) has welcomed the Section 18 regulations relating to extended producer responsibility (EPR) in the National Environmental Management: Waste Act. Existing producers can register with the Department of Forestry, Fisheries and the Environment, before... 

Tetra Pak says EPR regulations will see greater industry collaboration

L2D continues deriving value from positive retail growth

By: Simone Liedtke     Updated 2 hours 2 minutes ago 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... 

TPT developing Cargo Connect logistics app

By: Schalk Burger     Updated 1 hour 56 minutes ago 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... 

Local dry scrubber reduces acrylic factory emissions

By: Schalk Burger     Updated 6 hours ago A dry scrubber system designed, manufactured and installed by local environmental management engineering company Ecor Cleaning at acrylic sheet producer Röhm Africa's plant in Elandsfontein, south-east of Johannesburg, has reduced the plant's emissions to well below its air emission licence... 

Local dry scrubber reduces acrylic factory emissions

Ingula Nature Reserve added to Ramsar Wetlands of International Importance list

By: Schalk Burger     Updated 1 hour 59 minutes ago 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... 

Local e-waste skills NGO joins global recycling initiative

By: Schalk Burger     7th May 2021 Local recycling skills development nongovernmental organisation (NGO) The Appliance Bank (TAB) has partnered with global recycling initiative Sustainable Recycling Industries (SRI) in a project that aims to create economic opportunities while ensuring workable and safe solutions for the... 

Mergence gains majority ownership of Ejuva solar plants

By: Schalk Burger     Updated 1 hour 46 minutes ago 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. 

Dassault reveals new generation ultra-long-range business jet with new Rolls-Royce engines

By: Rebecca Campbell     Updated 5 hours ago Renowned French aerospace group Dassault Aviation on Thursday announced its latest aircraft design, the Falcon 10X business (or executive) jet. Dassault specialises in advanced fighter aircraft (its current production type is the Rafale multirole fighter) and business jets, but is also active in... 

Dassault reveals new generation ultra-long-range business jet with new Rolls-Royce engines
Photo by Dassault Aviation
An artist’s impression of the Falcon 10X

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      Updated 51 minutes ago 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. 

Reforms needed to unlock private energy capacity  

Updated 3 hours ago Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about increasing calls for reforms to the Electricity Regulation Act that will truly unlock new private capacity. 

Reforms needed to unlock private energy capacity

Durban Port's return to form vital for South African recovery, says Ramaphosa

By: News24Wire      7th May 2021 President Cyril Ramaphosa told the National Assembly of Parliament that government's plans to guide South Africa on the path to economic recovery will not succeed unless the Port of Durban is restored to its former glory. Ramaphosa was replying orally to questions from Members of Parliament on... 

Aspen says it can produce generic Covid-19 vaccines in SA amid US support for patent waiver 

By: News24Wire      7th May 2021 On Thursday, the US shocked many by announcing that it would support a temporary patent waiver on Covid-19 vaccines. Currently, only pharmaceutical companies that own the patents for the vaccines are allowed to manufacture the jabs. But lifting the patent rights means that they will lose this... 

Magazine round up | 07 May 2021 

7th May 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 07 May 2021

Gold Fields chairperson Cheryl Carolus to step down at 2022 AGM

By: Martin Creamer     6th May 2021 Gold Fields chairperson Cheryl Carolus has announced that she will step down from her role and as a non-executive director with effect from the annual general meeting (AGM) in 2022. In her remarks to the 2021 AGM, which took place virtually on Thursday Carolus said she believed that after 12... 

Post-pandemic recovery must be sustainable, inclusive

By: Tasneem Bulbulia     6th May 2021 Efforts to accelerate the post-Covid-19 recovery in South Africa must be done sustainability and in an inclusive manner, speakers said during the Financial Services Working Group of the South African chapter of the Brazil, Russia, India, China and South Africa (Brics) Business Council’s webinar... 

Gold Fields has compelling ‘pure play gold’ investment case – Griffith 

By: Martin Creamer     6th May 2021 Gold mining company Gold Fields has a compelling investment case for its shareholders and any investor looking for exposure in high quality and cash generative gold business, new CEO Chris Griffith said on Thursday. Answering questions during a conference call following the reporting an... 

Gold Fields has compelling ‘pure play gold’ investment case – Griffith
Photo by Creamer Media's Donna Slater
Gold Fields CEO Chris Griffith

Teraco becomes MÉTISS node, boosts regional interconnection

By: Schalk Burger     6th May 2021 Data centre operator Teraco on May 6 said it had become an integral node to the Meltingpot Indianoceanic Submarine System (MÉTISS) – a 3 200 km subsea fibre-optic cable system connecting South Africa to the Indian Ocean islands of Madagascar, Reunion and Mauritius. MÉTISS consortium members have... 

Long delay in dividend flows to renewables-linked community trusts impeding effectiveness 

By: Terence Creamer     6th May 2021 The long lag between the establishment of community trusts that own a portion of the independent power producer (IPP) projects procured through South Africa’s renewables procurement programme and the flow of dividend income into these trusts has been identified in a new research report as a major... 

Long delay in dividend flows to renewables-linked community trusts impeding effectiveness

Mobile push authentication improves transaction security, improves user experience

By: Schalk Burger     6th May 2021 Mobile push authentication messages provide a better user experience and protect users more effectively than password-protected accounts and one-time pins (OTP), which is important to protect data as more companies have adopted cloud computing and remote working, says device identity and... 

IFC, Absa partner on green loan for energy projects

By: Schalk Burger     6th May 2021 International financial institution the International Finance Corporation (IFC) has provided financial services group Absa with a loan of up to $150-million to support the bank’s strategy to expand its climate finance business and help South Africa meet its greenhouse-gas (GHG) reduction targets.... 

Tribunal approves Premier's buyout of Mister Sweet, with conditions

By: Schalk Burger     6th May 2021 The Competition Tribunal has approved the acquisition by consumer goods manufacturer Premier of confectionery manufacturer Mister Sweet with the condition that it fill vacated nonexecutive roles with the 19 employees facing retrenchment. The merger parties had previously agreed to a moratorium on... 

Jupiter space probe arrives at research centre in the Netherlands for crucial tests

By: Rebecca Campbell     6th May 2021 The European Space Agency (ESA) announced on Thursday that its latest space probe, the Jupiter Icy Moons Explorer (Juice), had been delivered to ESA’s European Space Research and Technology Centre (Estec) in the Netherlands. The spacecraft had been transferred from the Friedrichshafen facility of... 

Jupiter space probe arrives at research centre in the Netherlands for crucial tests
Photo by ESA
Juice, in its transport framework, after its arrival at Estec

Iata welcomes G20 guidelines for restart of international tourism

By: Rebecca Campbell     6th May 2021 The International Air Transport Association (Iata) – the global representative body for the airline industry – has welcomed the agreeing, by the Tourism Ministers of the Group of 20 countries (G20), of the ‘Rome Guidelines for the Future of Tourism’. The association urged the G20 governments to... 

Production starts at Total’s Zinia project in Angola

By: Simone Liedtke     6th May 2021 Production from the Zinia Phase 2 short-cycle project, which is connected to the existing Pazflor’s floating production, storage and offloading (FPSO) unit in Angola, has started. The project is operated by petroleum refiner Total, which is the joint operator of Block 17 in Angola, together with... 

Production starts at Total’s Zinia project in Angola
Pazflor's FPSO

PIC acquires Deloitte building in Midrand to add to GEPF portfolio

By: Donna Slater     6th May 2021 The Public Investment Corporation (PIC) has concluded a purchase agreement to acquire 100% of the leasehold rights, which include the office building and letting enterprise, housing Deloitte as the anchor tenant, in the prime location of Waterfall City, in Midrand, Gauteng. The asset was... 

Prevailing low capacity use in manufacturing industry a worry for Seifsa

By: Donna Slater     6th May 2021 Persistent low levels of capacity use in the manufacturing sector and low demand for locally manufactured goods are “worrying” trends compounding the prevailing Covid-19 restrictions that are limiting operations at industrial plants, says the Steel and Engineering Industries Federation of... 

Massmart opens new distribution centre in Brackenfell

By: Marleny Arnoldi     6th May 2021 Consumer goods distributor Massmart has opened its new 53 000 m2 distribution centre (DC) in the Brackengate 2 precinct, in Brackenfell, Cape Town. Construction on the centre started in October 2019.  

Massmart opens new distribution centre in Brackenfell
Massmart's new Brackengate-based distribution centre

Housing authority delivered 14 000 units in 2020, asks for budget reform

By: Marleny Arnoldi     6th May 2021 Social Housing Regulatory Authority (SHRA) council chairperson Bathabile Dlamini says the 2019/20 financial year had seen “encouraging” performance in that 13 projects were completed, delivering almost 14 000 units. Although the target for the year was not met, it is a solid achievement, she... 

Ramaphosa, Patel welcome support for IP waiver on vaccines

By: Marleny Arnoldi     6th May 2021 President Cyril Ramaphosa has welcomed the US’s decision to support a waiver on certain intellectual property (IP) rights provisions covering Covid-19 vaccines. During his term as chairperson of the African Union that ended in February this year, Ramaphosa had championed the call for fair... 

2021 market to be determined by stock availability – Toyota, Hino 

By: Irma Venter     6th May 2021 The size of the South African new-vehicle market will be determined by the availability of stock this year, says Toyota South Africa Motors (TSAM) sales and marketing senior VP Leon Theron. “It’s a weird, weird year. The market is quite difficult to call. 

2021 market to be determined by stock availability – Toyota, Hino
The new Hino 300

SpaceX scores success with fifth test flight of its new Starship spacecraft

By: Rebecca Campbell     6th May 2021 SpaceX’s latest crewed spaceship design, the Starship, made its first fully successful test flight on Wednesday. This was the fifth such attempt, the previous four all seeing the rockets concerned blowing up, at different stages of the flight profile. This fifth flight involved an improved... 

SpaceX scores success with fifth test flight of its new Starship spacecraft
Photo by SpaceX
Starship SN15 launching from Starbase

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