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IRP’s wind component could trigger yearly investments of R40bn, create 144 000 jobs by 2030 

By: Terence Creamer     22nd September 2020 The 14.4 GW of new wind included in South Africa’s electricity plan positions the country as a “top ten” wind-energy market for the coming decade, while building capacity at the yearly tempo of 1 600 MW envisaged in the plan could attract R40-billion a year in new investment and create 144 000... 

IRP’s wind component could trigger yearly investments of R40bn, create 144 000 jobs by 2030
BioTherm Energy's Excelsior Wind Farm

Nersa says Eskom must be buyer of IPP power arising from new determination 

By: Terence Creamer     22nd September 2020 The National Energy Regulator of South Africa (Nersa) says that Eskom should remain the buyer of the electricity produced by independent power producers (IPPs) and procured by the Department of Mineral Resources and Energy (DMRE) in line with a new Section 34 Ministerial determination for 11 813... 

Nersa says Eskom must be buyer of IPP power arising from new determination

Council for Geoscience starts deep drilling in Karoo basin 

By: Marleny Arnoldi     22nd September 2020 The Council for Geoscience (CGS) on September 21 launched Phase 2 of the Karoo Deep Drilling and Geo-environmental Base Programme (KDD), in Beaufort West. The council, as mandated by the Department of Minerals and Energy, in 2016 initiated the research programme to investigate the resource... 

Council for Geoscience starts deep drilling in Karoo basin

Authorities laudably supportive of grid-tied Pan African solar project – coordinator 

By: Martin Creamer     22nd September 2020 The authorities have been laudably supportive of the R150-million grid-tied photovoltaic solar project that is to be built to supply electricity to Pan African Resources’ highly successful Elikhulu tailings retreatment plant in Evander, Mpumalanga. The nigh-10 MW solar plant, which is expected to... 

Authorities laudably supportive of grid-tied Pan African solar project – coordinator
Photo by Pan African Resources
Elikhulu tailings retreatment plant at Evander, in Mpumalanga.

Call for improved enforcement as construction transport accidents run up R352m tab

By: Irma Venter     22nd September 2020 Statistics provided by the Federated Employers Mutual Assurance Company (FEM) – the workmen’s compensation insurer for the building industry – indicate that there were 929 motor vehicle accidents (MVAs) in 2018 involving people working within the construction industry.  “While this may seem low,... 

FNB/BER Civil Confidence Index rises, but sentiment still depressed

By: Tasneem Bulbulia     22nd September 2020 Sentiment in the civil construction sector, as measured by the First National Bank (FNB)/Bureau for Economic Research (BER) Civil Confidence Index, increased to a still-low level of 11 in the third quarter, from an all-time low of five in the second quarter. Despite having increased by six... 

Tongaat's sale of its starch business to Barloworld to proceed

By: Tasneem Bulbulia     22nd September 2020 An independent expert Rothschild & Co has determined that a material adverse change (MAC) has not occurred in the proposed sale of Tongaat Hulett's starch business to Barloworld subsidiary KLL Group. Tongaat in February agreed to sell the starch business to the Barloworld subsidiary for... 

Mantashe confirms consultations with nuclear power vendors and replacement of SAFARI

By: Rebecca Campbell     22nd September 2020 Mineral Resources and Energy Minister Gwede Mantashe has informed the 64th session of International Atomic Energy Agency (IAEA), via a video recording, that South Africa had started consultations with nuclear power reactor vendors, to obtain information about costs, schedules and possible... 

Public funding for SAA undermines government credibility and endangers State finances

By: Rebecca Campbell     22nd September 2020 The government’s undertaking to reprioritise State funding in order to finance State-owned national flag carrier South African Airways (SAA) and so prevent its liquidation represented a defeat for the National Treasury (NT) and undermined the credibility of the government, Intellidex analyst... 

Cleanup under way at Sasol's Lake Charles following hurricane

By: Simone Liedtke     22nd September 2020 Petrochemicals company Sasol has completed damage assessments of its Lake Charles Chemical Complex’s 14 manufacturing facilities, associated utilities and infrastructure following the landfall of Hurricane Laura on August 27. Hurricane Laura is considered to be one of the strongest hurricanes on... 

SAPA lauds refocus on poultry master plan

By: Donna Slater     22nd September 2020 Despite the serious impact of the Covid-19 pandemic on the local poultry industry, the South African Poultry Association (SAPA) welcomes the renewed focus on the Poultry Industry Master Plan, and praises Trade, Industry and Competition Minister Ebrahim Patel and Agriculture, Land Reform and Rural... 

Tourism sector pledges to support South Africa’s economic recovery

By: Donna Slater     22nd September 2020 An enabling environment can further boost the multiplier effects of tourism on job creation and economic growth in regions not supported by other industries, says #IAmTourism lobby spokesperson Thembi Kunene-Msimang. She says the economic recovery from the Covid-19 pandemic presents a unique... 

Tourism sector pledges to support South Africa’s economic recovery
#IAmTourism lobby spokesperson Thembi Kunene-Msimang

Alaris Holdings holds steady, despite Covid-19 challenges 

By: Simone Liedtke     22nd September 2020 Radio frequency (RF) technology group Alaris Holdings’ financial results for the year ended June 30, was severely impacted by the Covid-19 pandemic and subsequent hard lockdown, leading to a 24% decrease in headline earnings per share (HEPS) to 25.8c. “There would have been some growth, had it... 

Alaris executive finance director Elsie Müller gives more detail on the company's results for the 2020 financial year. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Attacq decides against declaring a full-year dividend to preserve liquidity 

By: Donna Slater     22nd September 2020 Real estate investment trust (Reit) Attacq experienced a decline in distributable earnings during the last six months six months of the financial year ended June 30, mainly as a result of tenant rent relief measures to help tenants through the worst of the Covid-19 lockdown. The company was... 

Attacq CEO Melt Hamman and COO Jackie van Niekerk discuss the group’s financial six-month results for the year ended June 30.

Cartrack launches mobile phone rapid response safety app

By: Irma Venter     22nd September 2020 Mobility solutions company Cartrack has launched a rapid response safety app, called Karu Safety. Karu Safety is a mobile phone app that allows subscribers to access private security services at the touch of a button. 

CCBSA continues to ramp up solar power generation capacity

By: Simone Liedtke     22nd September 2020 Coca-Cola Beverages South Africa (CCBSA) has ramped up its solar power generation capacity, with seven of its 13 manufacturing facilities now using solar power. CCBSA is plans to install solar power capacity at a further five of its plants by the end of this year. 

CCBSA continues to ramp up solar power generation capacity
Sopal power panels at one of CCBSA's manufacturing plants.

Affordable housing project launched in Cape Town

By: Donna Slater     22nd September 2020 Privately-owned property developer, the Amdec Group, broke ground at its 11 ha, R500-million affordable housing estate – Golden Grove Estate – in Ottery, Cape Town, on September 17. Golden Grove Estate will house 1 000 affordable residential apartments – including 24 m2 one-bed units, 36 m2... 

Affordable housing project launched in Cape Town
At the ground breaking event are, from left to right and in the foreground, Amdec chairperson John Wilson, Amdec CEO James Wilson, City of Cape Town Mayor Dan Plato and DNL Properties owner Howard Fisher.

Equites, Standard Bank ink R1.6bn sustainability-linked loan

By: Simone Liedtke     22nd September 2020 JSE-listed Equites Property Fund has closed a R1.6-billion sustainability-linked loan with Standard Bank aimed at promoting the achievement of various environmental, social and corporate governance (ESG) targets. The funding deal reflects that sustainable finance solutions in the African market... 

City of Cape Town approves River Club redevelopment

By: Simone Liedtke     22nd September 2020 The rezoning application for the River Club redevelopment in Observatory, Cape Town, has been approved by the Municipal Planning Tribunal. After considering submissions from the applicant, interested and affected parties, as well as officials representing the City of Cape Town, recommended the... 

Govt undertakes rhino conservation efforts as world celebrates Rhino Day

By: Yvonne Silaule     22nd September 2020 As part of efforts to commemorate World Rhino Day, on Tuesday, and to protect South Africa’s rhino populations, government has launched a number of conservation initiatives. Environment, Forestry and Fisheries Minister Barbara Creecy has announced the Integrated Wildlife Zone initiative, which... 

Govt undertakes rhino conservation efforts as world celebrates Rhino Day

Airbus unveils zero-emissions airliner concept designs

By: Rebecca Campbell     22nd September 2020 Europe-based global major aerospace group Airbus has released three concept designs for hydrogen-powered zero carbon-emission commercial aircraft. It was examining these designs in a programme it called ZEROe, which was the precursor to the group’s recently announced plan to develop and... 

Airbus unveils zero-emissions airliner concept designs
Photo by Airbus
An artist’s impression of the three ZEROe concept designs, with the BWB in the lead, the turbofan design in the rear and the turboprop design in front

R27m relief fund launched for W Cape businesses  

By: Yvonne Silaule     22nd September 2020 The Western Cape province has launched a R27-million Covid-19 Business Relief Fund in support of small businesses affected by the Covid-19 pandemic. Western Cape spokesperson for the Minister of Finance and Economic Opportunities Francine Higham said in a statement released on Tuesday that the... 

R27m relief fund launched for W Cape businesses

Metal industry sees no need for LME green aluminium platform

By: Reuters     22nd September 2020 The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their... 

SACU Ministers commit to industrialisation

By: Tasneem Bulbulia     22nd September 2020 Finance Minister Tito Mboweni chaired the fourth joint Finance and Trade Ministers’ virtual Ministerial Retreat meeting on September 21. The participating Ministers agreed on refined development priorities for the Southern African Customs Union (SACU) within the changing global and regional... 

Butler retires as Omnia director

By: Donna Slater     21st September 2020 Frank Butler will retire as director of chemicals company Omnia at the company’s annual general meeting on September 23. He has served on the board since September 2002 and is chairperson of the board's social, ethics and risk committee.  

Cape Town’s unfinished elevated freeway requires rethinking, says Amdec CEO

By: Tasneem Bulbulia     21st September 2020 Developer Amdec Group CEO James Wilson emphasises that it is imperative to reopen discussions around Cape Town’s unfinished elevated freeway. “Demolishing freeways in highly densified urban areas is a massive and costly undertaking.  It requires a clear vision, bold risk taking, and a re-ordering... 

Cape Town’s unfinished elevated freeway requires rethinking, says Amdec CEO
James Wilson

Durban Container Terminal receives another eight straddle carriers

By: Donna Slater     21st September 2020 Another eight new electric straddle carriers have arrived at the Durban Container Terminal (DCT) Pier 2 fully assembled, completing the terminal’s order of 23 for the current calendar year. This followed the delivery of 13 of the electric straddle carriers in August.  

TIPS Tracker: The economy and the pandemic

21st September 2020 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. Since August 18, when the country moved to Level 2 of the lockdown, the number of cases has plateaued at... 

Economic pinch puts spotlight on green building

By: Simone Liedtke     21st September 2020 South Africa’s construction industry continues to suffer the effects of the national lockdown, a consequence of the Covid-19 pandemic. Unexpected delays and disruptions have resulted in increasing construction costs, which have had a knock-on effect for both developers and end-users, says student... 

Kangnas wind farm's main transformer energised

By: Donna Slater     21st September 2020 The main transformer of the 140 MW Kangnas wind farm, on the outskirts of Springbok, in the Northern Cape, was energised on September 21. The 250 MVA transformer was locally manufactured and was transported to site from Gauteng by road.  

SAPVIA, SAWEA partner to assist local renewables project developers

By: Donna Slater     21st September 2020 Renewable energy lobby organisations the South African Photovoltaic Industry Association (SAPVIA) and the South African Wind Energy Association (SAWEA) have joined forces with the Independent Power Producers Office, REEFSA and the Black Energy Professionals Association to launch the Developing... 

Nuclear organisations stage public demonstration

By: Rebecca Campbell     21st September 2020 Six organisations representing professionals in the country’s nuclear sector jointly staged a public demonstration in Pretoria on Saturday in support of nuclear technology and the expansion of the South African nuclear sector. The demonstration was carried out in full compliance with... 

Hulamin expects to return to profitability in the second half of this year 

By: Tasneem Bulbulia     21st September 2020 Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost... 

Hulamin expects to return to profitability in the second half of this year
Richard Jacob

Global chromium production impacted by Covid-19 outbreak, says ICDA

By: Schalk Burger     21st September 2020 Global chromium production impacted by Covid-19 outbreak, says ICDA Chromium production and consumption remained constrained during the second quarter of this year, in line with lockdown restrictions implemented in various countries, says the International Chromium Development Association (ICDA). 

South African steel sector requires investment, increased local procurement

By: Tasneem Bulbulia     21st September 2020 The global spread of Covid-19 has locked the local steel industry in a chokehold, further weakening the already distressed manufacturing sector, says steel manufacturing company Veer Steel Mills business strategy and projects manager Neil Reddy. “The synergy is such that the steel industry will... 

Astral Foods CEO hospitalised after motorcycle accident

By: Simone Liedtke     21st September 2020 Poultry producer Astral Foods CEO Chris Schutte has been hospitalised following a motorcycle accident in celebration of his upcoming sixtieth birthday. Schutte was airlifted to a medical facility, in George, where he is being stabilised and treated for multiple fractures after the accident on... 

Opinion: National Infrastructure Plan 2045 must encourage hybridity to attain financing

21st September 2020 In this opinion piece, Nelson Mandela University Infrastructure Development & Engagement Unit associate Bongani Mankewu writes that a move from government to governance is needed for infrastructure to be catalytic to economic growth. The South African government adopted a National Infrastructure... 

Opinion: National Infrastructure Plan 2045 must encourage hybridity to attain financing
Bongani Mankewu

UIF TERS payments to resume

By: Simone Liedtke     21st September 2020 The Unemployment Insurance Fund (UIF) is set to resume its Covid-19 Temporary Employee Relief Scheme (TERS) benefits payments on September 21. UIF acting commissioning Marsha Bronkhorst said a payment plan would be run for all outstanding payments for April, May and June over September 21 and 22,... 

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