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Trac sees volumes improving after more than 70% drop in traffic   

By: Irma Venter     15th July 2020 Trans African Concessions (Trac) says traffic volumes are steadily increasing on the N4 between South Africa and Mozambique after South Africa moved from Alert Level 5 to Alert Level 4 and then on to Level 3 in its programme to battle the Covid-19 pandemic. Trac manages the N4 toll route starting... 

Trac sees volumes improving after more than 70% drop in traffic  

Unions divided on approval of SAA business rescue plan 

By: Rebecca Campbell     15th July 2020 There has been mixed reaction from unions representing employees of South African Airways to the approval of the business rescue plan for the financially-embattled State-owned national flag carrier. The plan was approved by 86% of the airline’s creditors in a vote on Tuesday. The approval of the... 

South Africa's failure to lower debt could trigger downgrade - Fitch 

By: Reuters     Updated 3 hours ago A failure by South Africa to lower public debt risks triggering credit downgrades deeper into subinvestment, Fitch said on Wednesday. Debt in Africa's most industrialized economy is set to breach 80% of gross domestic product next year as the government borrows more to bring the coronavirus... 

South Africa a ‘ticking time bomb’, says Master Builders' John Matthews

By: Simone Liedtke     Updated 2 hours 44 minutes ago South Africa is a “ticking time bomb” as the entire economy has gridlocked owing to the Covid-19 pandemic, which Master Builders South Africa president John Matthews laments presents a huge challenge. The construction and built environment industry is not expected to survive should the provision... 

WEF stresses need for nature-based solutions and business involvement

By: Tasneem Bulbulia     Updated 3 hours ago A new report published by the World Economic Forum (WEF), the 'Future of Nature and Business' report, has found that nature-positive solutions can create $10.1-trillion in economic opportunity and counter growing biodiversity losses, while creating 393-million jobs by 2030. The Covid-19 pandemic... 

Inflation falls to lowest level in nearly 16 years

By: News24Wire      15th July 2020 Annual consumer inflation for May eased to 2.1%, the lowest reading recorded since September 2004. By comparison, inflation in April registered at 3% according to Stats SA. "If we are correct, this print will register as the lowest year-on-year change since September 2004," FNB economists said in... 

 Inflation falls to lowest level in nearly 16 years

Deloitte says Covid-19 has shown the necessary collaboration between humans, tech

By: Marleny Arnoldi     15th July 2020 Consultancy Deloitte in its latest 'Human Capital Trends' report says the “social enterprise” which it first introduced in its 2018 'Human Capital Trends' report, has gone to work, with technology and human collaboration at the forefront of discussions. The 2018 report embodied a new social... 

Medium-term M&A forecast looks brighter, says Baker McKenzie

By: Marleny Arnoldi     Updated 4 hours ago Law firm Baker McKenzie says merger and acquisition (M&A) activity decreased across Africa in the first half of this year in terms of volume and value, with some exceptions in Nigeria. Going forward, dark clouds also remain over the M&A market on the continent in the short term, with economic... 

Renergen bringing LNG fuel alternative to South Africa 

By: Simone Liedtke     Updated 6 hours ago The current global recession is accelerating the transformation to cleaner energy sources and the use of liquefied natural gas (LNG) in transport owing to the need to reduce costs by as much as possible. Within this context, emerging natural gas and helium producer Renergen CEO Stefano Marani... 

Renergen CEO Stefano Marani gives some insight in to how accepting South Africa is of LNG, and whether or not there is an actual demand. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Drones Council launched to expedite advancement of regulatory environment

By: Donna Slater     Updated 3 hours ago The Drone Council South Africa (DCSA) was launched on July 15 with its first webinar to update global stakeholders in the private and public sectors on progress being made in the drones industry, both internationally and in South Africa. The DCSA was formed in part to address South Africa’s... 

CESA supporting municipalities to improve service delivery, spending

By: Tasneem Bulbulia     Updated 7 hours ago The recently released Auditor-General’s (AG's) report on the latest municipal audit results does not paint a good picture for spending and service delivery on the part of South Africa’s local governments, says industry body Consulting Engineers South Africa (CESA). AG Kimi Makwetu states in the... 

Sappi develops new, skin-friendly hand-sanitiser ingredient

By: Donna Slater     Updated 3 hours ago Dissolving pulp and paper-based solutions company Sappi has launched a skin- and planet-friendly hand hygiene ingredient – Valida – which is based on cellulose and is intended to be used by hygiene product manufacturers in products like hand sanitisers. Sappi developed the ingredient in... 

Claims adjustment company hopes insurers will now settle following FSCA ruling

By: Rebecca Campbell     Updated 4 hours ago Specialist public loss adjustment firm Insurance Claims Africa (ICA) on Wednesday expressed the hope that South African insurance companies will now honour business interruption insurance claims submitted by their clients, to cover losses suffered as a result of the Covid-19 pandemic. On July 9... 

Tiger Brands appoints new CFO

By: Schalk Burger     15th July 2020 Packaged foods and goods company Tiger Brands has announced the appointment of Deepa Sita as CFO and executive director from October 1. She will take over from acting CFO Pamela Padayachee, who will assume a senior finance role in the company from October 1. 

Fairvest finalises Tokai Junction sale

By: Marleny Arnoldi     15th July 2020 The due diligence for the disposal of JSE-listed real estate investment trust Fairvest Property's Tokai Junction property to FPG Holdings for R180-million, has been completed. Tokai Junction is a 7 618 m2 retail centre in Constantia, in the Western Cape.  

Powerships can help Eskom save R28bn a year, says Karpowership

By: Marleny Arnoldi     Updated 4 hours ago The Council for Scientific and Industrial Research and the Department of Minerals and Energy have estimated that Stage 2 load-shedding costs the economy R150-million an hour. This is posing a threat to South Africa’s economic recovery from Covid-19 and it is critical to fast-track emergency... 

Energy projects in Africa remain challenging, but signs of hope emerging

By: Donna Slater     Updated 3 hours ago Renewable energy projects in Africa will be significantly affected by the prevailing Covid-19 pandemic, resulting in construction site disruptions, delays and difficulties in getting equipment and components across borders which have different levels of restriction on the movement of people and... 

New US development finance institution doubles down on investments in Africa

By: Tasneem Bulbulia     Updated 5 hours ago Development finance institution (DFI), the US International Development Finance Corporation (DFC) is doubling down on investments in Africa amid the global Covid-19 pandemic, as it believes this is an essential time to drive investments and to bring liquidity facilities quickly to the continent... 

US agency provides oxygen support to South Africa

By: Tasneem Bulbulia     Updated 5 hours ago  The US government, through the US Agency for International Development (USAID), is providing an additional $3.5-million (R59-million) to support South Africa's Department of Health’s oxygen supply, demand and reticulation strategy, as well as the department's efforts to procure supplies and... 

Coca-Cola Beverages rolls out returnable PET bottle to more provinces

By: Marleny Arnoldi     Updated 4 hours ago Coca-Cola Beverages South Africa (CCBSA) is expanding the roll-out of its returnable 2 ℓ polyethylene terephthalate (PET) bottles across northern Gauteng, Limpopo and Mpumalanga. This follows the successful roll out of these bottles in the Eastern Cape as a pilot project in February.  

Coca-Cola Beverages rolls out returnable PET bottle to more provinces
Coca-Cola Beverages South Africa's returnable PET bottle

WPIC says decarbonised future for aviation lies in hydrogen fuel cells

By: Marleny Arnoldi     Updated 5 hours ago The World Platinum Investment Council (WPIC) in a recent statement discusses whether platinum-based fuel cells can propel the aviation industry towards a green post-Covid-19 future. It points out that, in the UK alone, aviation accounts for about 7% of total greenhouse-gas emissions and, prior... 

Ethiopia starts filling Grand Renaissance dam, minister says

By: Reuters     Updated 3 hours ago Ethiopia has started filling the Grand Renaissance dam, a giant hydroelectric project it is building on the Blue Nile, its water minister said on Wednesday, a day after talks with Sudan and Egypt on the issue became deadlocked. "The construction of the dam and the filling of the water go hand in... 

Minerals Council develops mining-focused water conservation tool 

By: Natasha Odendaal     Updated 5 hours ago The Minerals Council South Africa has developed a user-friendly water conservation and water demand management (WC/WDM) tool for the mining sector. The water conservation and water demand management self-assessment reporting tool (WSART) can be used by the mining industry to conduct a... 

Logashri Sewnarain promoted to SMEC CEO

By: Tasneem Bulbulia     Updated 7 hours ago Engineering and infrastructure consultancy firm SMEC South Africa has promoted Logashri Sewnarain CEO, effective August 1, following the retirement of Kostas Rontiris. Logashri, who joined SMEC in 2018, has more than 24 years’ experience in managing major roads projects in South Africa as a... 

Logashri Sewnarain promoted to SMEC CEO
Logashri Sewnarain

B4SA economic recovery plan calls for R3.4tr

By: Marleny Arnoldi     Updated 7 hours ago Business Leadership South Africa (BLSA) has extended its unwavering support to Business for South Africa (B4SA), after B4SA last week presented its economic recovery strategy document to council members of the BLSA. BLSA and B4SA discussed how best to implement the proposed strategies in... 

Suggestion that SA can spend its way out of low growth is misguided – Mboweni

By: African News Agency      15th July 2020 The suggestion that increased government spending is a solution to South Africa's persistently low economic growth is inconsistent with existing empirical evidence, Finance Minister Tito Mboweni has said. In a column published in the Business Day newspaper, Mboweni said the argument also ignores... 

 Suggestion that SA can spend its way out of low growth is misguided – Mboweni
Finance Minister Tito Mboweni

Transnet closely monitoring Cape Town storm

By: Tasneem Bulbulia     15th July 2020 State-owned Transnet says it is closely monitoring adverse weather conditions along the country’s coastline, to determine when it is safe to resume port operations. The stormy weather, rough sea conditions and swells in excess of 9 m led to the disruption of outgoing vessel movements at the Port... 

South Africa's Mantashe tests positive for Covid

By: News24Wire      15th July 2020 The Minister of Mineral Resources and Energy, Gwede Mantashe, and his wife, Nolwandle Mantashe, have tested positive for Covid-19. According to a statement by the Presidency, Mantashe and his wife received their test results earlier on Tuesday.  

South Africa's Mantashe tests positive for Covid
Mineral Resources and Energy Minster Gwede Mantashe

Global mining sharing knowledge in response to Covid-19  

By: Martin Creamer     14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... 

International Council on Mining and Metals CEO Tom Butler talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Opec+ oil tensions ease after Saudis speak to Iraq and Nigeria

By: Bloomberg     14th July 2020 Saudi Arabia commended Iraq for implementing almost all its pledged oil-production cuts and Nigeria told the kingdom it was committed to hitting its target, in further signs that disputes among Opec+ members over cheating of quotas are being resolved. Saudi Energy Minister Prince Abdulaziz Bin... 

World economy post Covid-19 to see greater focus on resilience, sustainability

By: Schalk Burger     14th July 2020 The world economy will post the Covid-19 pandemic see significant changes to its structure in order to improve its resilience and sustainability, with a much more pronounced focus on environmental, societal and good governance metrics in public and private projects to help businesses, economies... 

US-Africa Energy Advisory Committee formed to help drive investment

By: Tasneem Bulbulia     14th July 2020 The African Energy Chamber has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the US and Africa. Serving in their personal capacities, the members of the US-Africa Committee have several decades of... 

Public Enterprises DG argues saving SAA will be good for the country 

By: Rebecca Campbell     14th July 2020 The Department of Public Enterprises (DPE) has released the text of the remarks made at the meeting of the creditors of State-owned national flag carrier South African Airways (SAA) on Tuesday, by its acting director-general, Kgathatso Tlhakudi. SAA is under business rescue and at the meeting the... 

Solidarity welcomes DTIC’s move to investigate scrap metal supply

By: Simone Liedtke     14th July 2020 Trade union Solidarity has welcomed Trade and Industry Minister Ebrahim Patel’s trade policy directive, which proposes an investigation into measures to help support the South African metals industry, which is facing significant challenges.   The directive, which was published last month, follows... 

DMRE budget slashed by R1.5bn

By: Donna Slater     14th July 2020 The Department of Mineral Resources and Energy’s (DMRE’S) budget for the 2020/21 financial year has been reduced by R1.5-billion, from the initial R9.3-billion, owing to the impact of the Covid-19 pandemic, taking the revised yearly budget for the financial year to R7.8-billion. The Portfolio... 

Public Enterprises welcomes yes vote for SAA rescue plan, announces interim CEO 

By: Rebecca Campbell     14th July 2020 The Department of Public Enterprises (DPE) welcomed the outcome of the creditors’ vote on the proposed business rescue plan for State-owned South African Airways (SAA). The financially beleaguered national flag carrier is under business rescue. In the vote on Tuesday, 86% of the creditors voted... 

Public Enterprises welcomes yes vote for SAA rescue plan, announces interim CEO

Aspen proposes price reductions to address European Commission concerns

By: Marleny Arnoldi     14th July 2020 JSE-listed pharmaceutical group Aspen Pharmacare Holdings has agreed to various commitments to address competition concerns raised by the European Commission after it opened an investigation into Aspen and some of its European subsidiaries. The commission believes Aspen may have abused its... 

Evaluation of short-term power bids being hamstrung by Covid-19, Eskom confirms 

By: Terence Creamer     14th July 2020 Progress on Eskom’s proposed Short-Term Power Purchase Programme, initiated to help limit load-shedding while the State-owned utility implements a so-called reliability maintenance programme across its coal fleet over the coming 18 months, is being seriously retarded by South Africa’s Covid-19... 

Evaluation of short-term power bids being hamstrung by Covid-19, Eskom confirms

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