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Long-term solutions required for continuing supply chain disruptions – Tata Africa boss

By: Irma Venter     Updated 2 hours 9 minutes ago There is no end in sight for the current supply-chain disruptions affecting truck brands, says Tata International Africa and Tata Africa Holdings MD Len Brand. “These disruptions that will eventually put pressure on vehicle prices, resulting in a negative impact on truck sales.” 

Image of Tata International Africa and Tata Africa Holdings MD Len Brand
Len Brand

Rothschild hired by Eskom’s creditors to help steer debt revamp

By: Bloomberg     Updated 51 minutes ago Eskom creditors started working with financial advisory firm Rothschild & Co. as South Africa’s struggling power utility prepares a long-awaited reorganization aimed at returning it to profit and lightening its debt load. Bondholders are forming a common front to protect their interests as the... 

Eskom logo

Govt to appeal high court ruling that AARTO Act is unconstitutional – Mbalula

By: News24Wire      Updated 2 hours 6 minutes ago Transport Minister Fikile Mbalula has vowed to appeal the court ruling that dismissed the Administrative Adjudication of Road Traffic Offences (AARTO) Act as invalid and unconstitutional. Last week, the Gauteng High Court in Pretoria ruled in favour of OUTA, which challenged the constitutional... 

Transport Minister Fikile Mbalula
Transport Minister Fikile Mbalula

Bain quits Business Leadership SA so as to not 'distract' from the group's work

By: News24Wire      Updated 2 hours 10 minutes ago The disgraced local unit of US management consultancy Bain and Company has voluntarily quit Business Leadership SA (BLSA) over the work it did for the SA Revenue Service (SARS) at the height of State capture.  In a statement on Tuesday, Bain South Africa said its membership of the business lobby... 

Affordability concerns come to fore as Eskom outlines case for 20.5% hike 

By: Terence Creamer     17th January 2022 State-owned electricity utility Eskom has again insisted that its 2022/23 allowable revenue application, together with already approved regulatory clearing account (RCA) determinations, will translate to a hike of 20.5% in the standard tariff from April 1 if granted in full by the regulator.... 

Eskom CFO Calib Cassim
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim

Polihali Village and visitors’ lodge construction kicks off

By: Natasha Odendaal     Updated 12 minutes ago The construction of permanent housing, visitors’ lodge and associated infrastructure at the Polihali Village is set to start in January after the Lesotho Highlands Development Authority (LHDA) awarded the construction tender to the Polihali Village Joint Venture (JV) in December 2021.... 

Calls for renewables rises as scrutiny increases on corporate power use – Wood Mackenzie

By: Tasneem Bulbulia     Updated 30 minutes ago Flush with opportunity and the capital needed to move investment and merger and acquisition (M&A) strategies forward as the rush to decarbonise the global energy system heightens, corporate power and renewables companies need to prepare for rising near-term risk, says consultancy group Wood... 

Industrial gas consumers ‘staring down barrel of gun’ as big July hike looms 

By: Terence Creamer     17th January 2022 A court application to have the energy regulator’s 2021 approval of Sasol Gas’s maximum gas prices set aside as irrational is but the latest clash in what has been a long-running saga over the way domestic gas prices are set in a market bereft of competition. This time, however, the stakes for... 

IGUA-SA executive officer Jaco Human
IGUA-SA executive officer Jaco Human

Vodacom’s acquisition of Vodafone Egypt gets shareholder go-ahead

By: Natasha Odendaal     Updated 3 hours ago Vodacom Group’s proposed acquisition of a 55% stake in Vodafone Egypt has secured shareholder approval. Vodacom minority shareholders overwhelmingly voted in favour of the transaction at a general meeting held on January 18. 

Opinion: Localisation – beware unintended consequences

18th January 2022 The growing consensus that localisation is some sort of silver bullet that will solve our economic and job creation woes is misplaced, writes Duferco Steel Processing MD Ludovico Sanges, adding that localisation policy needs to be carefully calibrated to drive economic growth and not simply... 

Duferco Steel Processing MD Ludovico Sanges

Tiger Brands improves BBBEE score to Level 2

By: Schalk Burger     Updated 2 hours 51 minutes ago JSE-listed food products company Tiger Brands has improved its broad-based black economic empowerment (BBBEE) score to Level 2 in 2021 following improvements in several areas across the business, including skills development for unemployed individuals, management control at the board and... 

Cape Town sees strong recovery in air travel 

By: Irma Venter     17th January 2022 Cape Town International Airport (CTIA) welcomed 869 119 air passengers between October and December last year, representing a 58% recovery of 2019 volumes in the same period. These numbers were largely driven by domestic travellers of whom 733 207 made their way to Cape Town in the three-month... 

Image of the Cape Town airport
 

V&A Waterfront appoints Antoinette Basson as finance executive manager

By: Schalk Burger     18th January 2022 Mixed-use commercial property company the Victoria and Alfred (V&A) Waterfront has appointed Antoinette Basson as finance executive manager, effective January 10. Basson has more than 26 years' experience, 17 of which have been in the financial services industry. 

V&A Waterfront finance executive manager Antoinette Basson
V&A Waterfront finance executive manager Antoinette Basson

FedEx says air freight an important part of AfCFTA, Africa's economic growth

By: Schalk Burger     18th January 2022 The rapid change in retail and trade networks caused by the global pandemic has highlighted how logistics, and air logistics in particular, is crucial to the economy. Air express also has a role to play in helping drive economic growth in Africa, says logistics and courier services company FedEx... 

FedEx Express sub-Saharan Africa Operations MD Natasha Parmanand
FedEx Express sub-Saharan Africa Operations MD Natasha Parmanand

Comair leveraging Google Cloud to provide seamless travel experiences in sub-Saharan Africa

By: Schalk Burger     18th January 2022 Cloud technology and services provider Google Cloud and sub-Saharan African airline Comair are collaborating to accelerate the aviation group’s digital transformation plans in line with its mission to deliver seamless travel experiences for customers and help the travel industry regain momentum.... 

ISS using Airbus SpaceDataHighway for broadband connectivity

By: Schalk Burger     18th January 2022 Aerospace company Airbus, with the support of the European Space Agency (ESA), developed the Airbus SpaceDataHighway, which provides broadband connectivity services between the International Space Station (ISS) and Earth. The Columbus Ka-band (ColKa) terminal has been installed and fully tested... 

Shipping companies had a $150bn year, economists warn they’re also stoking inflation

By: Bloomberg     Updated 5 hours ago Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers – and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything. The spot rate for a 40-foot container to the... 

Green hydrogen best long-term opportunity to decarbonise hard-to-abate carbon emitters – Gungubele 

By: Donna Slater     17th January 2022 Hard-to-abate carbon emissions-intensive sectors – such as heavy-duty transport, aviation, maritime and heavy industries – may be able to reduce their emissions through the use of green hydrogen produced at a deep-water harbour facility in Boegoebaai, 60 km north of Port Nolloth. The Boegoebaai... 

Hydrogen from power graphic

Hydrogen economy can support new manufacturing, energy security for developing economies

By: Schalk Burger     17th January 2022 Green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of States, with new hydrogen exporters and users emerging, says renewable energy intergovernmental organisation the International Renewable Energy Agency (Irena). “It is green hydrogen that will... 

Automechanika postponed to June

By: Irma Venter     17th January 2022 Messe Frankfurt South Africa has decided postpone Automechanika Johannesburg & Futuroad from March this year to June. “After having engaged with our exhibitors and partners in the automotive aftermarket industry, the unanimous feedback has been that the timeline to June will allow for sufficient... 

Road rehabilitation between Kameeldrift, Ga-Rankuwa to start this week

By: Schalk Burger     17th January 2022 Road management company Bakwena N1/N4 Platinum Highway will undertake major rehabilitation of the base layers in the left-hand lane on portions of the N4 between Kameeldrift and Ga-Rankuwa Interchanges as part of its 2022 planned maintenance programme. The detailed design for this work was... 

Potential impact of excessive rain on food prices uncertain for now

By: Marleny Arnoldi     17th January 2022 As farmers are exasperated from watching excessive rainfall damage their crops, consumers may also suffer from higher food prices in the near future. However, the exact impact on plantings and crops is yet to be determined.  

Grain in hand

CEOs express optimism for resilience in 2022, survey shows

By: Donna Slater     17th January 2022 Respondents to professional services firm PwC’s twenty-fifth yearly Global CEO Survey point to optimism about continued economic resilience this year, albeit with the International Monetary Fund projecting global gross domestic product (GDP) to grow by only 4.9%. Although this forecasted GPD is... 

Early income bonanza for funded Witwatersrand gold mining reviver  

By: Martin Creamer     17th January 2022 West Wits Mining, the Australia-listed Witwatersrand gold reviver that is advancing fast on an initial A$9.5-million capital raise, is the beneficiary of an unexpected gold find that will result in income being generated considerably sooner than expected. From next month, West Wits Mining, headed... 

West Wits MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer

Africa Energy Indaba will showcase tech for uptake in rest of Africa

By: Marleny Arnoldi     17th January 2022 The Africa Energy Indaba (AEI), to be held on March 1 and 2, will showcase South Africa’s renewable energy competencies and present these as a model for the rest of Africa. This will be in partnership with South African Electrotechnical Export Council (SAEEC), which has been a long-term... 

Iata appoints Frederic Leger as commercial products services senior VP

By: Tasneem Bulbulia     17th January 2022 Industry organisation the International Air Transport Association (Iata) has appointed Frederic Leger as senior VP for commercial products and services. Leger has served in the role on an interim basis since July 2021, when Iata’s commercial products and services division was created as part of... 

An image of Frederic Leger, Iata commercial products and services senior VP
Frederic Leger

PRASA has restored services in five of seven rail corridors in the Western Cape

By: Tasneem Bulbulia     17th January 2022 Transport Minister Fikile Mbalula on January 17 said the Passenger Rail Agency of South Africa (PRASA) had restored services in five of the seven passenger rail corridors in the Western Cape. Services had been suspended at the start of the Covid-19 pandemic and subsequent lockdowns, in 2020, and... 

GIBB oversees refurbishment of Nalubaale dam in Uganda

By: Creamer Media Reporter      17th January 2022 After being awarded the contract to design and oversee the refurbishment of the Nalubaale dam, in Uganda, in 2018, engineering firm GIBB said that construction deadlines were met, high technical standards were achieved and the project budget was not exceeded, despite the limitations brought on by... 

Regenesys appoints new COO

By: Marleny Arnoldi     17th January 2022 The Regenesys Group has appointed Dr Barry van der Westhuizen COO, effective January 3. He has a wealth of experience in management and operations, underscored by an academic background in business leadership.  

Consumer study could bode well for pork, industry player posits

By: Tasneem Bulbulia     17th January 2022 Professional services firm PwC’s December 2021 Global Consumer Insights Pulse Survey finds that, while consumers are increasingly considering sustainability as a key factor in making buying decisions, price and convenience remain key. More than half of the 9 370 individuals surveyed reported that... 

Airbus, NTT, Docomo and SKY Perfect JSAT jointly studying connectivity services

By: Tasneem Bulbulia     17th January 2022 Airbus, Nippon Telegraph and Telephone Corporation (NTT), NTT Docomo and SKY Perfect JSAT have jointly announced that they have begun studying the feasibility of collaborating on future high-altitude platform station- (Haps-) based connectivity services as part of a future space-based wireless... 

Transnet highlights turnaround at Richards Bay Bulk Terminal

By: Tasneem Bulbulia     17th January 2022 The loading rate of vessel MV Braverus at 1 205 t/h for a total of 167 341 t of magnetite, which was completed on January 14, is an early indicator of recovery at the Richards Bay Bulk Terminal, Transnet Port Terminals (TPT) highlights in a statement. It notes that this performance comes just a... 

An image showing the MV Braverus loading magnetite at the Richards Bay Bulk Terminal
MV Braverus loading magnetite at the Richards Bay Bulk Terminal

KLT wants to diversify, expand in SA, says new CEO 

By: Irma Venter     17th January 2022 The KLT Group aims to diversify its business in South Africa following the completion of its large-volume contract with Ford South Africa later this year. KLT’s contract with Ford for the local production of the chassis assembly for the current Ranger bakkie will come to an end in 2022, confirms... 

Image of KLT SA CEO Ashok Thakur
KLT SA CEO Ashok Thakur

BLSA addresses criticism regarding State capture involvement by one of its members

By: Tasneem Bulbulia     17th January 2022 Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has addressed the criticism directed at the organisation and herself over one of its members, consulting firm Bain, following the publication of the first part of the Zondo Commission’s report into State capture. “Much... 

Eskom starts intensive maintenance programme at Koeberg Unit 2

By: Marleny Arnoldi     17th January 2022 Power utility Eskom has advised that Unit 2 of the Koeberg nuclear power station was taken offline on January 17 for refuelling and a five-month maintenance outage, which may strain overall electricity supply in the country. The exercise will see the unit’s three steam generators replaced. The... 

Koeberg Nuclear Power Station
Photo by Creamer Media
Koeberg Nuclear Power Station

Tanzania, Burundi sign $900m railway deal to boost trade

By: Bloomberg     17th January 2022 Tanzania and Burundi have signed an agreement to build a $900-million railway that will connect the neighbouring East African nations. The two sides signed a memorandum of understanding to construct a 282 km line from the western Tanzanian town of Uvinza to Burundi’s capital Gitega. Finance and... 

Eskom may get trial date for misleading air quality officer on emissions

By: Bloomberg     17th January 2022 Eskom Holdings, South Africa’s biggest polluter, may find out on March 25 when it will face a trial for allegedly supplying misleading information to a government air quality officer, exceeding emission limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. In... 

Record ships sailed Suez Canal in 2021 despite Ever Given saga

By: Bloomberg     17th January 2022 More ships traversed the Suez Canal in 2021 than ever before despite its temporary blocking by a 400-meter-long vessel and the effects of the coronavirus pandemic. Volumes are expected to continue to rise this year and again after a project to expand the waterway is completed, said the Suez Canal... 

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