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Judge to rule next week on latest Eskom-Nersa legal wrangle 

By: Terence Creamer     1st December 2021 Judge Jody Kollapen has reserved judgment in Eskom’s application to have the National Energy Regulator of South Africa’s (Nersa’s) rejection of its latest revenue application set aside as irrational and unlawful. Following a virtual hearing on December 1, Kollapen indicated that he expected to... 

Nersa Public Hearings Poster

Faster-than-ever renewable electricity growth supports emergence of a new global energy economy 

By: Simone Liedtke     1st December 2021 Stronger policies and raised climate goals leading into COP26 are driving renewables to new records, but faster deployment across all key sectors is needed to reach net zero, the International Energy Agency (IEA) says in a new report. It adds that the growth of the world’s capacity to generate... 

Pic of renewable energy options.

PRASA fires group CEO

By: Marleny Arnoldi     Updated 17 minutes ago The Passenger Rail Agency of South Africa (PRASA) has decided to terminate the employment of its group CEO Zolani Kgosietsile Matthews, following the outcome of an investigation. The investigation was intended to establish whether Matthews deliberately failed to disclose material information to... 

PRASA CEO Zolani Matthews
PRASA CEO Zolani Matthews

Deputy Minister warns against illegal water use

By: Simone Liedtke     Updated 2 hours 38 minutes ago Water and Sanitation Deputy Minister David Mahlobo has issued a stern warning against illegal water use, while also reiterating government’s commitment to enhancing the provision of water to affected communities in different parts of the country. Speaking during the National Assembly question and... 

Eskom power transition lacking energy, says LTM Energy CEO

By: Tracy Hancock     Updated 2 hours 35 minutes ago State-owned power utility Eskom, South Africa’s largest emitter of greenhouse gasses, is not adapting to change fast enough, as the world races to achieve net-zero carbon emissions by 2050 by adopting greener energy solutions, says local energy services company LTM Energy CEO Dhevan Pillay. South... 

LTM Energy CEO Dhevan Pillay
LTM Energy CEO Dhevan Pillay

Opinion: What does AfCFTA mean for South Africa’s importers and exporters?

Updated 5 hours ago In this opinion article, Standard Bank head of trade Justin Milo and head of product Nompilo Mtshali write about the importance of the African Continental Free Trade Area (AfCFTA) for South Africa's importers and exporters. 

Standard Bank head of trade Justin Milo
Standard Bank head of trade Justin Milo

TNPA appoints new port managers at Saldanha, Cape Town, Mossel Bay and Richards Bay

By: Simone Liedtke     1st December 2021 Transnet National Ports Authority (TNPA) has appointed new port managers at Saldanha Bay, Cape Town, Mossel Bay and Richards Bay, as part of its new operating model to reposition South Africa in the global market and ensure growth and sustainability. Shadrack Tshikalange has been appointed port... 

Households’ ability to incur, manage debt improving

By: Marleny Arnoldi     Updated 18 minutes ago The Altron Fintech Household Financial Resilience Index (Afhri) for the second quarter has confirmed that the average household in South Africa enjoys a more advantageous disposition towards incurring and managing debt than before the Covid-19-pandemic. The results of the Afhri index released... 

Minerals Council, SAAFF outline requirements to get Lebombo/Ressano Garcia border congestion resolved

By: Donna Slater     Updated 22 minutes ago With delays at the Lebombo/Ressano Garcia border post on the Maputo corridor between South Africa and Mozambique having cost trucking companies R1.3-billion in lost revenue this year, the South African Association of Freight Forwarders (SAAFF) and the Minerals Council South Africa have requested... 

An image of freight trucks lining up for several kilometres on the N4 towards Komatipoort in South Africa
Photo by Creamer Media's Donna Slater
Freight trucks lining up for several kilometres on the N4 towards the Lebombo/Ressano Garcia border post in South Africa

EV industry must work closer with lithium suppliers, executives say

By: Reuters     Updated 7 hours ago Automakers must work closer with lithium producers to guarantee supply of specialized types of the white metal that boost an electric vehicle's range and performance, Albemarle Corp and Livent Corp executives told the Reuters Next conference https://reutersevents.com/events/next on Wednesday. As... 

Iberdrola, H2 Green Steel plan mega green hydrogen plant

By: Reuters     Updated 7 hours ago Global wind power group Iberdrola and Swedish startup H2 Green Steel plan to build a vast renewable hydrogen plant on the Iberian peninsula to power the production of iron used to make steel with drastically reduced carbon emissions. The European Union is pushing the development of a supply chain... 

PwC describes economic outlook for 2022 as ‘uncertain at best’

By: Marleny Arnoldi     1st December 2021 Professional services firm PwC maintains in its latest economic outlook that the main factors influencing South Africa’s economy in 2022 are likely to be load-shedding, lockdown restrictions, municipal coalitions and fiscal spending, global economic growth and supply chain challenges. The firm... 

South Africans focussing on wellbeing, balancing purpose with earning more – Deloitte

By: Donna Slater     1st December 2021 Compared with 12 months ago, South Africans show a strong shift to introspection and their wellbeing, while also seeking to better balance purpose with earning more money, professional services firm Deloitte’s 'State of the South African Consumer Tracker' report states. The study obtained... 

Solidarity launches SOE corruption whistleblower platform

By: Marleny Arnoldi     1st December 2021 Trade union Solidarity has launched a new protected whistleblower portal to empower employees to expose corruption at Eskom and other State-owned enterprises (SOEs). Although this platform is launched with a specific focus on Eskom, it is also a platform where anyone can blow the whistle on... 

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani

By: Martin Creamer     Updated 3 hours ago Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
Photo by Creamer Media
Anglo American CE Mark Cutifani

Gold Fields’ South Deep solar project now 50 MW, equivalent wind planned 

By: Martin Creamer     1st December 2021 South Deep gold mine in Gauteng, where a 40 MW solar power project was initially announced, will now have a 50 MW solar plant as a result of the procurement of more efficient solar panels. Mining Weekly can report that the construction of the R715-million solar power plant at South Deep will... 

Creamer Media screenshot taken at Gold Fields ESG online presentation
Photo by Creamer Media
Gold Fields CEO Chris Griffith

Sanral has R1.8bn of road construction projects planned for Sundays River municipality

By: Schalk Burger     1st December 2021 The South African National Roads Agency Limited (Sanral) has planned multiple road construction projects worth R1.8-billion in the Sundays River local municipality, in the Eastern Cape. “In the Eastern Cape, we manage 4 952 km of our 22 214 km national road network. Our operations on the stretch... 

Broadband Infraco relaunches Basadi in Telecoms initiative

By: Creamer Media Reporter      1st December 2021 Broadband Infraco (BBI), in collaboration with Sentech, has resuscitated the Basadi in Telecoms Programme to empower to women-owned businesses and help provide business opportunities. The programme was initially launched in 2015 by the late former BBI CEO Puleng Kwele. 

SAB launches initiative to accelerate responsible alcohol consumption

By: Simone Liedtke     1st December 2021 South African Breweries (SAB) has committed to use its scale, reach and expertise to accelerate responsible alcohol consumption through the launch of a new evidence-based platform. The new platform is called SAB Sharp, a play on words communicating SAB’s leadership in championing responsible... 

Unicef, Liquid partner in Giga initiative

By: Natasha Odendaal     1st December 2021 Pan-African technology group Liquid Intelligent Technologies has partnered with the United Nations Children’s Fund (Unicef) to support the Giga initiative’s ambitions of connecting every school to the Internet. Liquid will share anonymised data to support the work of Giga, which was founded by... 

Gateway invests in Mauritius healthcare facilities

By: Tasneem Bulbulia     1st December 2021 Mauritius-based African real estate developer Gateway Real Estate Africa (GREA) has announced that it is the lead investor and developer of a new 81-bed, multi-specialty hospital in Curepipe and a 135-bed oncology hospital in Coromandel with a total investment value of about $54-million. The... 

A rendering of the St Helene Artemis Hospital in Curepipe
St Helene Artemis Hospital

Emira portfolio performs in line with expectations

By: Tasneem Bulbulia     1st December 2021 JSE-listed Emira Property Fund says that its portfolio has performed in line with expectations for the four months ended October 31. While the fourth wave of Covid-19 infections is expected to slow down the recovery of the local economy and deteriorate property metrics further, the diversified... 

E2 crime fighting initiative extends to eight provinces

By: Tasneem Bulbulia     1st December 2021 Industry organisation Business Leadership South Africa and its subdivision Business Against Crime South Africa (Bacsa) have announced the national roll out of the Eyes and Ears (E2) initiative to eight of the country’s provinces as efforts to combat increased crime during the festive season... 

Hystead completes disposal of Delta City Mall in Belgrade, Serbia

By: Tasneem Bulbulia     1st December 2021 JSE-listed Hyprop’s 60%-owned Hystead has disposed of its indirect shareholding in the company that owns the Delta City Mall in Belgrade, Serbia. Cash proceeds from the disposal have been received and the net proceeds of the disposal will be used to reduce debt. 

DWS appeals water use rights transfer ruling

By: Marleny Arnoldi     1st December 2021 After the Supreme Court of Appeal (SCA) on November 9 ruled that trading of water rights is not unlawful, the Department of Water and Sanitation (DWS) has filed an appeal to the Constitutional Court against the decision. In turn, the SCA judgment followed three appeals, including by the South... 

Illegal connections: About 700 Soweto homes in the dark after Eskom disconnects its power  

By: News24Wire      1st December 2021 About 700 houses in Diepkloof Zone 3, Soweto, are in the dark after Eskom disconnected its power supply to the area. Eskom accused residents of illegally connecting electricity to their homes and disconnected them last week. Eskom Gauteng spokesperson Amanda Qithi said they disconnected power in... 

electricity pylons

Sable to undertake rights issue at R1 a share followed by transaction at R5 a share  

By: Martin Creamer     1st December 2021 The rights issue that Johannesburg Stock Exchange-listed Sable Exploration and Mining is to undertake at R1 a share will be followed by a transaction at R5 a share, giving an immediate fivefold uplift to the shareholders of the company. This follows mining company Magni Investment Holdings... 

Sable’s James Allan interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer Media

Absa PMI rises to 57.2 in November

By: Simone Liedtke     1st December 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recorded a solid increase in November, gaining 3.6 points to 57.2, making it the highest level for the headline PMI since before the third wave of Covid-19 infections and the social unrest shock in July. At 55.4, the average headline... 

Etion reports improved half-year results

By: Creamer Media Reporter      1st December 2021 JSE-listed Etion has reported an improved financial performance during the six months ended September 30, 2021. The group posted earnings before interest, tax, depreciation and amortisation (Ebitda) of R100.1-million during the six months to September 30, 2021, a significant improvement on the... 

Petrol price increase was wrong, energy dept admits  

By: News24Wire      1st December 2021 While the petrol price still went up on Wednesday, it was by 75c per litre, and not 81c as the department of mineral resources and energy incorrectly stated this week.  "The 6 cents difference is due to the fact that the adjustment of wages for service station workers had already been implemented... 

Petrol pump

Eskom CEO sees end to crisis in shift from coal

By: Reuters     1st December 2021 South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa's most industrialised... 

Vumela Fund invests in Kusini Water

By: Natasha Odendaal     1st December 2021 The Vumela Fund is investing an undisclosed amount into cleantech enterprise Kusini Water to expand its operations and broaden its ability to bring clean, safe drinking water to people in rural, peri-urban and informal settlements throughout Africa. Kusini Water provides clean drinking water to... 

Tesla’s SA partner raising renewable energy’s profile in SA 

1st December 2021 US automotive manufacturer Tesla’s South African partner, Rubicon Group brought the first Tesla Model X Performance Edition all-electric sports utility vehicle into the country to raise renewable energy’s profile in the country. Simone Liedtke, who saw a demonstration of the vehicle, tells us more. 

Tesla’s SA partner raising renewable energy’s profile in SA

Steel’s path to go green will cost industry up to $278bn

By: Bloomberg     1st December 2021 The world’s steel industry could eliminate its greenhouse gas emissions by 2050 through ramping up recycling, using hydrogen for fuel and capturing carbon from older plants, according to a BloombergNEF study. But getting there won’t be easy. Steel production generates an estimated 7% of global... 

Even the battery boom can’t escape world’s supply chain woes

By: Bloomberg     1st December 2021 Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change. Higher raw material costs could push the average price of a lithium-ion battery pack to $135 per kilowatt-hour in 2022, a 2.3% gain from this year’s... 

Barclays’ analysts back Glencore coal strategy  

By: Martin Creamer     1st December 2021 Glencore’s coal strategy favours a Paris-compliant coal runoff, which increases investability, say Barclays’ equity research analysts in a note. Analysts Ian Rossouw, Amos Fletcher and Tom Zang see little value to unlock in the current coal market environment and question whether a coal business... 

Screenshot of Barclays, Glencore and Bloomberg research
Photo by Barclays
Coal, copper and diversified index

Metrorail in recovery mode after vandals cripple embattled rail service in Cape Town

By: News24Wire      30th November 2021 Metrorail teams have started recovery operations in Cape Town after fibre optic cables were vandalised which resulted in the cancellation of services. "The lines were vandalised but they are telecom lines with no copper whatsoever," said its acting spokesperson, Nana Zenani. 

Global trade to increase 23% from 2020 levels – Unctad

By: Donna Slater     30th November 2021 The United Nations Conference on Trade and Development (Unctad) forecasts that global trade will reach about $28-trillion this year – an increase of 23% on 2020 levels, after stabilising in the second half of the year. It notes, however, that the outlook for 2022 is “very uncertain”. 

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