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Aspen SA closer to launching own-branded vaccine, called Aspenovax, for Africa 

Updated 7 hours ago Pharmaceutical company Aspen’s wholly-owned South African subsidiary, Aspen SA Operations, has signed a nonbinding term sheet with Janssen Pharmaceuticals and Janssen Pharmaceutica NV, two of the Janssen Pharmaceutical Companies of Johnson & Johnson, that will form the basis for the negotiation... 

Pic of Covid-19 Vaccines with South African flag in background.

Unemployment rate hits new record high at 34.9%

By: Reuters     30th November 2021 South Africa's unemployment rate hit a new record high of 34.9% in the third quarter of 2021 from 34.4% in the second quarter, the statistics agency said on Tuesday. Statistics South Africa said the number of unemployed totalled 7.643-million people in the three months to the end of September,... 

Unemployment rate hits new record high at 34.9%

Global trade to increase 23% from 2020 levels – Unctad

By: Donna Slater     Updated 3 hours ago 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”. 

No cruise ship cheer for Cape Town tourism amid Omicron alarm

By: Reuters     30th November 2021 The docking of the Europa passenger liner in Cape Town on Tuesday was meant to be a ribbon-cutting celebration marking the official start of the cruise ship season in South Africa's top tourist hub, the first since the Covid-19 pandemic hit. But international travel curbs on southern Africa,... 

Institute of Risk Management welcomes vaccination drive, mandatory vaccination task team

By: Schalk Burger     30th November 2021 The Institute of Risk Management South Africa (IRMSA) has welcomed a renewed call by President Cyril Ramaphosa to accelerate the administration of Covid-19 vaccines and the establishment of a task team to consider mandatory vaccinations. “The laudable discovery by South African scientists of a... 

Germiston-based DNG Energy receives first LNG shipment

By: Donna Slater     Updated 6 hours ago Pan-African liquefied natural gas (LNG) supply network DNG Energy has received a shipment of LNG at its plant in Germiston, enabling the company to accelerate its pilot projects with its partners in the next few weeks. DNG Energy’s pilot projects aim to test the feasibility of using LNG as an... 

Building confidence index down one point to 34 in the fourth quarter

By: Donna Slater     Updated 7 hours ago After slipping to 35 in the third quarter of this year, the First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index was marginally lower, at 34 in the fourth quarter. Confidence in the core building sector index, excluding the hardware retailers and building... 

Altron index shows short-term credit improvement

By: Natasha Odendaal     Updated 7 hours ago The latest Altron Fintech Short-term Credit Impact (AFSCI) Index has revealed an increase in short-term credit during the second quarter of 2021. The second-quarter 2021 AFSCI Index, which tracks the economic impact of short-term lending in South Africa, shows a year-on-year increase of 8.6% and... 

Competition Commission prohibits sale of Sasol’s cyanide business

By: Simone Liedtke     30th November 2021 The Competition Commission has prohibited the sale of Sasol’s sodium cyanide business to Czech Republic-based specialty chemicals company, Draslovka. The commission’s approval was a key condition precedent to the transaction. 

Public interest objectives of spectrum licensing must be prioritised, webinar participants hear

By: Schalk Burger     Updated 6 hours ago South Africa's telecommunications industry, policy makers and regulators must prioritise the various developmental objectives sought from radio frequency spectrum's use to overcome the multiyear challenges to assigning spectrum for use, mobile telecommunications company Vodacom policy and... 

Drone regulations stifling use of modern technology

By: Donna Slater     30th November 2021 Regulations governing the use of drones in South Africa and an inability by the Air Traffic Navigation Services (ATNS) to grant access to airspace were limiting service providers who want to use drones for short, but beyond visual line of sight (BVLOS) operations, such as so-called “last mile”... 

Vukile poised for growth following strong interim performance

By: Tasneem Bulbulia     Updated 7 hours ago JSE-listed Vukile Property Fund is poised for growth following a strong interim performance for the half year from April 1 to September 30, during which it weathered the impact of the Covid-19 pandemic and the July civil unrest, CEO Laurence Rapp said in a briefing on November 30. The fund has... 

Attacq continues with Waterfall precinct development projects

By: Tasneem Bulbulia     30th November 2021 Real estate investment trust Attacq has adapted its strategy to a precinct-focused approach, with about 70% of its portfolio value now coming from Waterfall City Precinct, the company noted during an update briefing on November 29. Work has continued to develop Waterfall City into a smart, safe,... 

Auto execs confident industry will see more profitable growth in next five years – survey

By: Simone Liedtke     30th November 2021 Global automotive executives are confident that the industry will see more profitable growth in the next five years and that the market share of electric vehicles (EVs) will grow dramatically by 2030, a new survey by KPMG shows. KPMG’s Annual Global Automotive Executive survey further finds that... 

Eskom estimates it will take four or five days to restore power to Bedfordview following cable theft

By: Schalk Burger     30th November 2021 State-owned power utility Eskom on November 30 said an attempted cable theft incident has affected supply to the Bedfordview substation, which supplies the City of Ekurhuleni’s (CoE's) Bedfordview customers. Given the extent of the damage, it may take four to five days to restore supply. 

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

By: News24Wire      Updated 3 hours ago 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. 

IFC, partners to build 100 MW solar plant in south-eastern DRC

By: Schalk Burger     30th November 2021 Development finance institution the International Finance Corporation (IFC) is providing $900 000 in funding for project development costs for an independent power producer (IPP) project in Kolwezi, in the south-eastern Democratic Republic of Congo (DRC). The project entails a 100 MW solar... 

Aspen strikes deal with J&J to launch own vaccine, called 'Aspenovax'

By: News24Wire      Updated 6 hours ago Aspen will manufacture and sell its own branded Covid-19 vaccine in Africa, following an agreement with Johnson & Johnson. Johnson & Johnson is granting Aspen an intellectual property licence to produce its vaccine under the new brand name "Aspenovax". According to the deal, Aspen will... 

Filled vaccine vials

Carbon-neutral nickel launch showcased by South Africa-linked chairperson  

By: Martin Creamer     30th November 2021 South Africa-linked Gareth Penny on Monday heralded the launch of a carbon-neutral nickel with a difference in that it steers completely clear of any reliance on third-party carbon credits. Penny did so in his capacity as nonexecutive chairperson of Nornickel of Russia – and put sharper focus on... 

Nornickel capital markets day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Urgent interdict filed against Shell’s Wild Coast seismic survey

By: Simone Liedtke     30th November 2021 Four environmental and human rights organisations have filed an urgent interim-interim interdict against Shell in the Eastern Cape Division of the Grahamstown High Court to prevent the fossil fuel company from starting seismic testing along the ecologically diverse and sensitive marine... 

Pic of Shell logo.

Cabinet to make a final decision on e-tolls soon, says Mbalula

By: News24Wire      30th November 2021 A decision on the future of e-tolls will be announced by Finance Minister Enoch Godongwana during the budget speech in February 2022, according to Transport Minister Fikile Mbalula. The Department of Transport on Monday issued a statement refuting reports that Cabinet had already made a final... 

Transport Minister Fikile Mbalula
Transport Minister Fikile Mbalula

Two rescued, three bodies recovered as mud rush rescue operations conclude

By: Martin Creamer     30th November 2021 Two mineworkers have been rescued and the bodies of three have been recovered at Impala Rustenburg 6 Shaft, which suffered an underground mud-rush incident. Search and rescue operations continued around the clock following the incident took place on Sunday, November 28. 

Supplied picture
Shaft 16 at Impala Rustenburg, where fatality occurred on Saturday, November 27.

Nedlac to hold emergency meetings on vaccine mandates, access restrictions for unvaccinated

By: Terence Creamer     29th November 2021 The social partners participating in the National Economic Development and Labour Council (Nedlac) will hold emergency meetings this week about the institution of workplace vaccine mandates and the imposition of public access restrictions for the unvaccinated amid low vaccine uptake levels, the... 

Image of a Covid syringe

Mchunu dissatisfied with delays at Clanwilliam dam project

By: Yvonne Silaule     29th November 2021 Water and Sanitation Minister Senzo Mchunu at the weekend expressed his dissatisfaction with the delays being experienced at the Clanwilliam dam project, in the Western Cape. The raising of the Clanwilliam dam wall is the second-biggest infrastructure project being undertaken in the Western Cape... 

Search under way at Impala Rustenburg after mud rush traps five

By: Martin Creamer     29th November 2021 A search and rescue operation was under way at Impala Rustenburg after a mud rush at 6 Shaft on Monday. All operations at Impala Rustenburg's 6 Shaft and 16 Shaft complexes have been suspended until a full and comprehensive report is available. 

Supplied picture
All operations at Impala Rustenburg's 6 Shaft and 16 Shaft complexes have been suspended. Shown here is 16 Shaft.

Gauteng, KwaZulu-Natal transport development strategies progressing

By: Marleny Arnoldi     29th November 2021 The two key logistics provinces of South Africa – Gauteng and KwaZulu-Natal –are making inroads with their transport development strategies, particularly at a time when it is urgent to grow the economy, keep up with international trade and decarbonise. Speaking at the Transport Evolution Africa... 

Big fuel price hikes announced for Wednesday

By: News24Wire      29th November 2021 The petrol price will be hiked by 81c a litre on Wednesday, while diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur), the department of mineral resources and energy announced. The latest price hike will push the price of petrol - currently around R19.50 a litre... 

Petrol Pumps

Zinc anti-corrosion coatings offer long-lasting protection

By: Donna Slater     29th November 2021 Various methods of applying zinc films to steel items offer unique and long-lasting anti-corrosion benefits, according to various zinc experts who spoke during a webinar hosted by Creamer Media Contract Publishing on behalf of the International Zinc Association (IZA) on November 23. IZA... 

EPP proposes delisting; Redefine proposes buyout of EPP shares

By: Creamer Media Reporter      29th November 2021 Poland-focused retail real estate owner EPP's board of directors has decided that, to facilitate a restructuring to bolster its balance sheet and reduce the company's gearing, it would be in the best interests of the company to seek a delisting of its shares from the JSE and the Luxembourg Stock... 

Scientists working around the clock to understand Omicron variant – Health Minister 

By: Thabi Madiba     29th November 2021 Health Minister Dr Joe Phaahla said citizens can be confident that in a matter of days and weeks health department’s scientists will have gotten to the bottom of the Covid-19 Omicron variant. Phaahla reiterated President Cyril Rampahosa’s message on Sunday evening, when he said the best weapon to... 

Image of Health Minister Dr Joe Phaahla
Health Minister Dr Joe Phaahla

Balwin signs deal to acquire properties needed for long-planned-for Joburg South eco estate

By: Creamer Media Reporter      29th November 2021 Property development company Balwin Properties has entered into an agreement to acquire a number of properties in the south of Johannesburg from Tentacle Properties for up to R330-million. Balwin intends to develop an eco estate with a Crystal Lagoon and a hiking trail on the properties. 

PPC to invest R664m to 2025 to kick-start decarbonisation journey 

By: Terence Creamer     29th November 2021 JSE-listed building materials group PPC has outlined a new decarbonisation strategy that includes firm targets for implementation by 2025 and 2030 and also outlines a long-term aspirational goal of transitioning its operations to net-zero carbon dioxide (CO2) emissions by 2050. The strategy is... 

PPC CEO Roland van Wijnen
PPC CEO Roland van Wijnen

New Cesa president commits to partnering for value-for-money infrastructure rollout

By: Schalk Burger     29th November 2021 Industry association Consulting Engineers South Africa's (Cesa's) newly elected president Olu Soluade, who is also AOS Consulting Engineers CEO, has committed to partnering with industry stakeholders for sustainable, value-for-money infrastructure development. Soluade is a professional engineer... 

Mainstream raises additional €90m

By: Schalk Burger     29th November 2021 Wind and solar power multinational Mainstream Renewable Power raised €90-million in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa and the Asia Pacific region, the company said on November 29. The funding... 

Omicron poses "very high" global risk, world must prepare – WHO

By: Reuters     29th November 2021 The Omicron coronavirus variant is likely to spread internationally, posing a "very high" global risk of infection surges that could have "severe consequences" some areas, the World Health Organisation said on Monday. The UN agency urged its 194 member states to accelerate vaccination of... 

WHO logo

RBPlat bid embodies socioeconomic boost for greater Rustenburg region – Implats  

By: Martin Creamer     29th November 2021 The bid by Impala Platinum Holdings Limited (Implats) for a majority shareholding in Royal Bafokeng Platinum (RBPlat) presents an opportunity to create sizeable Western Limb production base with socioeconomic benefits for the region, platinum group metals (PGM) mining company Implats said on... 

Implats’ offer to Royal Bafokeng Platinum covered by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Renergen offering 20 Cryo-Vacc units for any company’s use in Dec

By: Simone Liedtke     29th November 2021 In light of the anticipated fourth wave of Covid-19 infections that is about to grip the country, South African company Renergen is offering the use of 20 of its Jumbo Cryo-Vacc units, at its own cost, for December, to assist in ensuring safe transportation of the estimated 16-million doses. This... 

Pic of Renergen's Cryo-Vacc unit.
The Cryo-Vacc unit.

BLSA warns of Omicron's impact on tourism industry, supports mandatory vaccination

By: Schalk Burger     29th November 2021 Business association Business Leadership South Africa (BLSA) has warned that the Covid-19 Omicron variant could have a significant impact on the South African tourism industry. President Cyril Ramaphosa in a November 28 address to the nation signalled the importance of vaccine mandates and... 

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