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New-vehicle export revenue declined by R21bn in H1 2020

By: Irma Venter     Updated 4 hours ago Vehicle exports from South Africa declined by 73 419 vehicles, or 40.3%, in the first half of the year compared with 2019, says National Association of Automobile Manufacturers of South Africa (Naamsa) trade, exports and research executive manager Dr Norman Lamprecht. This decline saw vehicle... 

New-vehicle export revenue declined by R21bn in H1 2020
Norman Lamprecht

It’s all online now, just like buying computers and houses, says Motomatch 

By: Irma Venter     Updated 32 minutes ago The Covid-19 pandemic has seen the proliferation and expansion of online tools in an effort to deal with the demands of physical distancing, with this also the case in the automotive industry.  One of these tools is Motomatch, a virtual marketplace and lead generator that aims to assist dealers... 

It’s all online now, just like buying computers and houses, says Motomatch 

Uncertain when Milnerton oil refinery will come back on stream ­

By: Martin Creamer     11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... 

Uncertain when Milnerton oil refinery will come back on stream ­
Photo by Astron Wesbite
Cape Town refinery.

Sasol warns of dramatic earnings collapse as it confirms R112bn impairment

By: Terence Creamer     Updated 5 hours ago Chemicals and energy group Sasol warned of a dramatic collapse in its 2020 financial performance on Tuesday, confirming that losses for the period would represent a deterioration of more than 100% when compared with results reported for the 2019 financial year. The decline, the company told... 

Sasol warns of dramatic earnings collapse as it confirms R112bn impairment

Successful Anglo-Australian project could greatly extend life of SAAF Hawk jets

By: Rebecca Campbell     Updated 2 hours 34 minutes ago In a major development that could be very beneficial for the South African Air Force (SAAF), UK-based global major aerospace and defence group BAE Systems (BAES) announced on Monday that, in a joint project with Australia’s Defence Science and Technology Organisation (DSTO), it had massively... 

Successful Anglo-Australian project could greatly extend life of SAAF Hawk jets
Photo by Creamer Media
A Hawk Mk 120 of the SAAF taxiing during an air show at Air Force Base Waterkloof

TIPS Tracker: The economy and the pandemic

Updated 1 hour 18 minutes ago Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. South Africa appears to have succeeded in cutting the transmission of COVID-19 sharply over the past... 

New duties another dose of 'slow poison' to steel industry, says Neasa

By: Marleny Arnoldi     Updated 31 minutes ago The National Employers’ Association of South Africa (Neasa) has reiterated its dissatisfaction with government's approval of an extended 8% safeguard duty on hot rolled coil, bringing the total duty payable on this product to 18%. This follows after Neasa launched an urgent application in the... 

Covid travel restrictions devastate Africa’s tourism earnings

By: Bloomberg     Updated 2 hours 28 minutes ago Global restrictions on travel have dealt a devastating blow to African nations who depend on tourists and their hard currency to support an industry that employs millions of people on the continent. National carriers in Mauritius, Kenya and Namibia run into more financial trouble as flights were... 

Africa's first electric bus plant will industrialise Uganda while fighting pollution

By: Bloomberg     Updated 2 hours 31 minutes ago The road from Kampala, the capital of Uganda, to Jinja, the site of Africa’s first electric bus factory, was packed with cars on a July morning. The traffic crawled. Breathing hurt your throat. Kampala was the most polluted city in the world that day, according to OpenAQ, a global air pollution... 

NUM’s Paris Mashego dies

Updated 30 minutes ago The National Union of Mineworkers (NUM) national energy sector coordinator Paris Mashego has died, the union said on Tuesday. He served as the union’s Highveld regional secretary, mentored younger shop stewards in NUM and was chief negotiator at Sate-owned power utility Eskom. 

NUM’s Paris Mashego dies

Putin says Russia has registered world’s first Covid-19 vaccine

By: Bloomberg     Updated 2 hours 22 minutes ago President Vladimir Putin said Russia has registered its first Covid-19 vaccine, calling it an effective protection against the deadly pathogen, and disclosed that one of his own daughters had already received it. “As far as I know, this morning the first vaccine against the novel coronavirus... 

Putin says Russia has registered world’s first Covid-19 vaccine
Photo by Reuters
Russian President President Vladimir Putin

BLSA’s Mavuso laments lack of investment in South Africa

By: Simone Liedtke     Updated 6 minutes ago While there are talks of mobilising more investment to kickstart the South African economy post-Covid-19, Business Leadership South Africa (BLSA) CEO Busi Mavuso laments that current developments are showing the opposite, as projects and investments have either been cancelled or delayed. In her... 

Rolls-Royce reports minor wear problem in a few of its older Trent XWB aeroengines

By: Rebecca Campbell     Updated 7 minutes ago UK-based global major industrial technology group Rolls-Royce announced on Tuesday that, during routine inspections, it had found “indications” of wear on a small number of Intermediate Pressure Compressor (IPC) blades in a few of its Trent XWB-84 turbofan engines. The engines concerned had all... 

EU liquor trading partner puts pressure on South African govt to lift alcohol ban

By: Marleny Arnoldi     Updated 9 minutes ago In a statement, the liquor industry of South Africa has acknowledged the concerns raised by SpritsEurope around imbalances in trade between South Africa and the European Union (EU), owing to the continued ban on alcohol sales. The EU is South Africa’s biggest trading partner and the economic... 

Mponeng transfer to Harmony expected soon – AngloGold

By: Martin Creamer     11th August 2020 The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, according to outgoing AngloGold Ashanti CEO Kelvin Dushnisky. Answering analysts questions following the presentation of the company’s... 

Mponeng transfer to Harmony expected soon – AngloGold
AngloGold COO Africa Sicelo Ntuli

Mine export values back but volumes need boosting – Minerals Council

By: Martin Creamer     10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. 

Mine export values back but volumes need boosting – Minerals Council
Production and export volumes compared with export values.

Denel seeking extension to period in which it has to pay its staff their arrears

By: Rebecca Campbell     7th August 2020 In a press statement released on Friday, financially-embattled State-owned defence industrial group Denel reported that it was trying to get an extension to the court-ordered deadline for it to pay its workers their full salaries. In a judgment handed down on August 4, the Labour Court had... 

Coca-Cola changes Sprite packaging to increase recycling

By: Tasneem Bulbulia     7th August 2020 The Coca-Cola Company in South Africa has stopped the production of Sprite’s iconic green packaging to produce fresh, new clear polyethylene terephthalate (PET) plastic bottle packaging. The transition to clear packaging means that more Sprite bottles can be collected, recycled and reused to make... 

SANEDI says cool roofs could combat higher GHG emissions in South Africa

By: Simone Liedtke     7th August 2020 Much progress still needs to be made on the road to a more sustainable world, with South Africa facing hotter and drier summers, and continued high levels of greenhouse-gas (GHG) emissions when compared with the rest of Africa, says South African National Energy Development Institute (SANEDI).... 

SANEDI says cool roofs could combat higher GHG emissions in South Africa
Aerial view of a 'cool roof'.

South Africa’s women nuclear professionals elect new president

By: Rebecca Campbell     7th August 2020 Local sectoral professional organisation Women in Nuclear South Africa (Winsa) announced on Friday the election of its new president. She is radiation protection professional Tebogo Motlhabane, a scientist with the National Radioactive Waste Disposal Institute (NRWDI). She replaces Nomathemba... 

PIC appoint acting CIO

By: Donna Slater     7th August 2020 State-owned asset management firm the Public Investment Corporation (PIC) has appointed Sholto Dolamo as acting chief investment officer (CIO) with effect from August 6. He is PIC research and projects development executive head and a member of the PIC executive committee.  

DBSA gears up to fill Covid-induced municipal funding gaps 

By: Terence Creamer     7th August 2020 Development Bank of Southern Africa (DBSA), which recently disbursed loans worth R4.5-billion to two Gauteng metropolitan councils to support ongoing infrastructure delivery amid coronavirus-induced liquidity constraints, reports that it is gearing up to support several other municipalities to... 

DBSA gears up to fill Covid-induced municipal funding gaps
Mohan Vivekanandan

Create, own your own driving data through AA Connected Car 

By: Irma Venter     7th August 2020 Ordinary motorists may now have access to the digital details of their driving behaviour and vehicle performance, through the launch of the Automobile Association (AA’s) Connected Car.  “This is a truly fantastic product which will not only give individual drivers, but also fleet managers, access... 

Create, own your own driving data through AA Connected Car
Gert Pretorius (left) and Willem Groenewald

Peaceful use of nuclear tech underscores its value to Africa’s developmental needs

By: Simone Liedtke     7th August 2020 The development and peaceful use of nuclear technology could further underscore its value by helping to meet Africa’s developmental needs, says African Commission on Nuclear Energy (Afcone) executive secretary Messaoud Baaliouamer. He says the safe and peaceful use of nuclear technology has... 

Interim board for Umgeni water appointed

By: Creamer Media Reporter      7th August 2020 An 11-member interim board has been appointed to stabilise governance at Umgeni Water while Human Settlements, Water and Sanitation Minister Lindiwe Sisulu finalises the process to appoint a fully-fledged permanent board. The interim board comprises chairperson Magasela Mzobe and deputy... 

SAFCEI encourages govt to reconsider its nuclear ambitions

By: Donna Slater     7th August 2020 According to the Southern African Faith Communities’ Environment Institute (SAFCEI), the South African government should rather shift its renewed interest in building new nuclear power generation capacity to ethical, equitable and sustainable energy plans. As “South Africa faces another push for... 

Laser beam technology breakthrough could revolutionise optical communications

By: Rebecca Campbell     7th August 2020 Researchers a the University of Central Florida (UCF) in the US have developed a new category of laser beams that could revolutionise optical communications and laser technologies. These new laser beams have properties that are unique and not possessed by standard laser beams.  The new laser... 

Municipalities, municipal entities receive two-month extension for audit submissions 

By: Simone Liedtke     7th August 2020 Finance Minister Tito Mboweni has issued a Ministerial exemption of the Municipal Finance Management Act, exempting municipalities and municipal entities from submitting their yearly financial statements and related reports for auditing at the end of August. The exemption allows for a two-month... 

Municipalities, municipal entities receive two-month extension for audit submissions
Finance Minister Tito Mboweni

Tourism Minister publishes amended Risk Adjusted Strategy

By: Sane Dhlamini     7th August 2020 The amended Risk Adjusted Strategy for Tourism Facilities, Services and Products has been announced by Minister of Tourism Mmamoloko Kubayi-Ngubane. Guided tour operators, which includes overland safari vehicle operators, will now be permitted to operate in national parks from August 7, provided... 

Tourism Minister publishes amended Risk Adjusted Strategy
Minister of Tourism Mmamoloko Kubayi-Ngubane

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption 

By: Martin Creamer     7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... 

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption
Photo by Creamer Media
AngloGold CFO Christine Ramon (right) is interim CEO, with pre-Dushnisky CEO Srinivasan Venkatakrishnan. Some have speculated on Venkat's possible return.

Deputy President Mabuza blames struggling municipalities for Eskom woes

By: News24Wire      7th August 2020 Deputy President David Mabuza has blamed the failure of municipalities to pay their debt to Eskom for ongoing service delivery issues. In replies to written questions from the National Council of Provinces submitted on 5 August, Mabuza said municipalities experiencing severe electricity... 

Deputy President Mabuza blames struggling municipalities for Eskom woes
Deputy President David Mabuza

Presidential Commission Report on 4IR to head to Cabinet 

By: Natasha Odendaal     7th August 2020 The Presidential Commission on the Fourth Industrial Revolution (4IR) is set to present to Cabinet after President Cyril Ramaphosa received its landmark report on the recommendations to harness the available 4IR opportunities. The report was presented by Communications and Digital Technologies... 

Rising data use, e-commerce bodes well for industrial property market

By: Marleny Arnoldi     6th August 2020 Accelerating trends such as e-commerce and data centres are adding resiliency to industry property against the backdrop of the Covid-19 pandemic, says real estate investment trust (Reit) Redefine Properties. While online sales in 2018, at R14-billion, still constituted only a fraction of what... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg 

By: Martin Creamer     6th August 2020 Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday. For the six months to June 30, the London- and Johanneburg-listed diversified mining and marketing company report that its energy business was down 65% at $0.7-billion on... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg
Ivan Glasenberg

Minerals Council says new exploration strategy could help mining recover from Covid-19 hit 

By: Terence Creamer     6th August 2020 Minerals Council South Africa is calling for the urgent development of a comprehensive and competitive greenfield exploration strategy, arguing that a far higher level of exploration is required to help stimulate higher levels of mining investment and job creation and to support the country’s... 

Minerals Council says new exploration strategy could help mining recover from Covid-19 hit
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter

African Climate Justice Group calls on govts, institutions to respond to pandemic

By: Tasneem Bulbulia     6th August 2020 The African Climate Justice Group has released a statement calling on African governments and institutions to respond urgently to the climate, health and Covid-19 crises facing the continent. The statement has, to date, been endorsed by more than 300 African and international organisations and... 

Agri SA joins call for alcohol ban to be lifted

By: Tasneem Bulbulia     6th August 2020 Industry organisation Agri SA has noted its concern about the impact of the current alcohol ban on the entire alcohol value chain. It says South African Breweries (SAB) is the only beer producer that procures almost all of its input ingredients locally, and the impact of the ban on the sale of... 

Researchers elucidate key details of Mars’ internal structure using seismic data

By: Rebecca Campbell     6th August 2020 Seismologists from Rice University in Houston in the US state of Texas have for the first time been able to directly measure the boundaries between the different levels that compose the planet Mars – the crust, the mantle and the core – plus a very important transition zone within the mantle.... 

Researchers elucidate key details of Mars’ internal structure using seismic data
Photo by Nasa
Mars

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