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Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     Updated 4 hours ago Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
Photo by Creamer Media's Donna Slater
CEO Sean Flanagan

Barloworld to focus on industrial goods, food sector going forward 

By: Irma Venter     Updated 4 hours ago Barloworld will, in the medium to long term, focus on two verticals, namely industrial goods and related services, as well as food and food ingredients, says CEO Dominic Sewela. “As we manage the pivoting out of the automotive and logistics business . . . we are very clear that we don’t want to... 

Barloworld to focus on industrial goods, food sector going forward
Dominic Sewela

UNDP, WRC award R3m grant to water innovators  

By: Natasha Odendaal     Updated 3 hours ago Seven water innovators have been awarded an aggregate R7-million grant to kick off field testing and further product development after a call for solutions to help resolve some of South Africa’s water challenges, particularly those exacerbated by the Covid-19 pandemic. The United Nations... 

BLSA CEO urges South Africans to ‘face the realities’ of Covid-19 pandemic 

By: Simone Liedtke     Updated 7 hours ago Business Leadership South Africa CEO Busi Mavuso is urging South Africans to “face the realities of the pandemic” or risk facing a worse spike in infections that will ultimately do more damage to the economy and public health. In her weekly newsletter, she laments that the Covid-19 pandemic... 

BLSA CEO urges South Africans to ‘face the realities’ of Covid-19 pandemic
Photo by Creamer Media
BLSA CEO Busi Mavuso

Mahle Behr recognized as one of Africa’s top Kaizen performers

By: Irma Venter     Updated 4 hours ago Mahle Behr has been recognised as one of Africa’s top Kaizen performers at the Africa Kaizen Annual Conference (AKAC). Mahle Behr was selected to represent South Africa after being crowned national automotive Kaizen champion, and competed against 22 other nominees from 13 African countries. 

Mahle Behr recognized as one of Africa’s top Kaizen performers

Eskom to be charged with misleading regulator over pollution

By: Bloomberg     Updated 3 hours ago Eskom Holdings, South Africa’s State power utility, said it will be charged with supplying misleading information to the national air quality officer as well exceeding emissions limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. “Eskom can confirm it has... 

Invicta’s strategy paying off, says CEO

By: Simone Liedtke     Updated 3 hours ago Investment holding and management company Invicta Holdings is starting to see its strategy, which focuses on lowering debt levels, optimising return on equity, simplifying structures and focusing on key operational areas, pay off. This is despite the negative impact of Covid-19 and related... 

Vukile reports R206m interim loss

By: Marleny Arnoldi     Updated 7 hours ago JSE-listed Vukile Property Fund has managed to contain its retail vacancies at 3% in the six months ended September 30, while sustaining a rent collection rate of 95%. The company, in its latest results statement, says the footfall at its properties was at 86% for the six months under review,... 

Arid areas in poorer and richer countries affected differently by climate change

By: Rebecca Campbell     Updated 3 hours ago At the global level, as climate has been changing, the amount of vegetation in arid areas has been increasing. But scientists at the University of Copenhagen, Denmark, have, following analysis of 15 years’ worth of satellite imagery of vegetation and rainfall, identified a worrying trend:... 

GIZ calls for expressions of interest for a project to improve artisan training in South Africa

By: Schalk Burger     Updated 3 hours ago German international cooperation for sustainable development and international education agency GIZ has issued a call for expressions of interest from service providers in South Africa to manage a process to improve the quality and market relevance of technical and vocational education and... 

IT, OT cybersecurity gaps must be closed as industrial digital transformation advances

By: Schalk Burger     Updated 3 hours ago Companies are optimising their development, production and logistics processes based on operational and status data. As a result, industrial control systems lose their previously insular position once production machines are networked. The increased adoption of Internet of Things (IoT) and big... 

Brazilian aerospace group delivers first modernised radar plane to Brazilian Air Force

By: Rebecca Campbell     Updated 7 hours ago Brazil-based major aerospace and defence group Embraer announced on Friday that it had delivered the first modernised E-99M airborne early warning and control (AEW&C) aircraft to the Brazilian Air Force (abbreviated to FAB in Portuguese). The E-99M (M stands for modernised) is known to Embraer as... 

Brazilian aerospace group delivers first modernised radar plane to Brazilian Air Force
Photo by Embraer
The first upgraded E-99M for the Brazilian Air Force

Mining can retake investor darling status by going green – Frandsen  

By: Martin Creamer     Updated 7 hours ago The taking of clear sustainability steps can make mining the darling of the investor community once again. Mining cannot participate in anything that leaves the world a worse place and needs to be cognisant of what it takes to have a licence to operate. Mining must have a smaller carbon... 

Pallinghurst Group Managing Partner and Co-Founder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer on the current demand for sustainable mining. Video: Darlene Creamer.

Investments of R7.7bn heading directly to the City of Cape Town

By: African News Agency      30th November 2020 Investments totalling R7.7-billion are heading directly to the City of Cape Town, mayoral committee member for economic opportunities and asset management James Vos said on Sunday. Of the investments announced at last week’s Presidential Investment Summit, R7.7-billion would be invested directly... 

Electricity grid collapses in Nigeria, Africa's largest economy

By: Reuters     30th November 2020 Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most-populous nation in Africa, are common, but a system collapse is unusual. 

European Space Agency announces contract for removal of orbital debris

By: Rebecca Campbell     27th November 2020 The European Space Agency (ESA) is contracting Swiss start-up company ClearSpace to remove a piece of space debris from orbit, in a deal worth €86-million. The will be both the first ever mission to remove orbiting space debris and the first time ESA has contracted a private-sector company to... 

Opinion: How African countries can mobilise private capital for their infrastructure drives

27th November 2020 In this opinion piece, Standard Bank corporate and investment banking CE Kenny Fihla writes about governments turning to public-private partnerships to deliver large-scale projects. Given the pressure on investment yields in developed markets, African nations have an opportunity to attract... 

Opinion: How African countries can mobilise private capital for their infrastructure drives

Sustainability presents good business case for companies, speakers say

By: Tasneem Bulbulia     27th November 2020 Businesses can achieve both environmental and economic benefits by implementing sustainable business practices and that should be done in a just transitional process, speakers noted during electronics company Epson’s ‘Towards a Greener Future’ webinar on November 27. Industry body, the Paper... 

SABS elected to serve on ISO council once again

By: Marleny Arnoldi     27th November 2020 The South African Bureau of Standards (SABS) has been elected by the members of the International Organization for Standardisation (ISO) to serve on its council, effective January 2021 to December 2023. The ISO is an independent, nongovernmental international organisation with a membership of... 

SABS elected to serve on ISO council once again
SABS standards executive Dr Sadhvir Bissoon.

Moody's downgrades Telkom's credit rating following sovereign rating action

By: Natasha Odendaal     27th November 2020 Ratings agency Moody’s Investors Service has downgraded telecommunications group Telkom’s corporate family rating to Ba2, from Ba1, with a negative outlook. This followed Moody’s downgrading of South Africa’s sovereign rating by one notch to Ba2 with a negative outlook on November 20. 

Shosholoza Meyl to resume operations on major routes

By: Marleny Arnoldi     27th November 2020 The Passenger Rail Agency of South Africa’s (PRASA’s) long-distance train passenger service Shosholoza Meyl has resumed its major festive season travel routes, effective November 27. Passengers are able to travel from Johannesburg to Cape Town, Durban, Musina, Polokwane, East London, Port... 

L2D sees steady increase in rental collection, footcount in October

By: Marleny Arnoldi     27th November 2020 Real estate investment trust Liberty Two Degrees (L2D) has highlighted the importance of agility in how swiftly the company is able to adapt to new ways of thinking and working going into 2021. In a pre-close investor update, the company states that the impact of the Covid-19 pandemic on its... 

Despite improvements, rail safety remains a concern – RSR

By: Donna Slater     27th November 2020 Despite improvements in some areas of national railway safety, statistics in the latest 'State of Railway Safety Report 2019/20', published on November 27, reveals “a grim picture of safety within the railway industry”, the Railway Safety Regulator (RSR) reports. Despite an overall 24% reduction... 

Gauteng progresses township economic development agenda 

By: Natasha Odendaal     27th November 2020 The Bill aimed at revamping Gauteng’s township economy is expected to be passed by the end of June 2021. Despite some delays caused by the Covid-19-related restrictions, the Gauteng Township Economic Development Bill has been gazetted and is currently undergoing public consultations. 

Africa poised to benefit from strong European backing in its recovery  

By: Marleny Arnoldi     27th November 2020 Despite this year having been the worst year of growth for the global economy in the past 40 years, and with sub-Saharan Africa facing its first recession in 25 years with a 3.1% gross domestic product (GDP) contraction expected, there remains a strong case for a rebound, as international... 

UK sets out its development aid priorities following announcement of funding cut

By: Rebecca Campbell     27th November 2020 UK Foreign Secretary Dominic Raab has informed the House of Commons in London of the Foreign, Commonwealth & Development Office’s plans to overhaul Britain’s Official Development Assistance (ODA). This followed the UK government’s decision to temporarily reduce its ODA from the current 0.7% of... 

Agri SA calls for govt aid as Land Bank is too important to fail

By: Marleny Arnoldi     27th November 2020 Industry organisation Agri SA has warned that the action by Moody’s Investor Service to lower the Lank Bank and Eskom’s respective ratings pose a risk to food security and overall economic recovery in South Africa. It says Moody’s downgraded the State-owned Land Bank as a result of ongoing... 

Toyota launches new music, video streaming service

By: Irma Venter     27th November 2020 Toyota South Africa Motors (TSAM), in partnership with Vodacom, has announced the introduction of a new streaming service to Toyota Connect and Lexus Connect – MyEntertainment.  Included in this service are Vodacom’s Video Play (video streaming) and My Muze (music streaming) services. 

Toyota launches new music, video streaming service

Discovery prepays R100m for Comair flights to help it take off

By: News24Wire      27th November 2020 The Discovery Group has offered to prepay R100-million to Comair for future services that the airline offers to Vitality as its flights are due to take off to the skies again from 1 December. Comair which operates and British Airways flights in SA, was thrown a lifeline by... 

Zimborders Consortium secures financing for Beitbridge expansion

By: Tasneem Bulbulia     27th November 2020 The Zimborders Consortium says it has reached financial close for the $296-million upgrade and modernisation of Zimbabwe’s Beitbridge border post, the country's busiest inland port of entry and one of the region’s key transit points. The public-private partnership with the Zimbabwean government... 

Renergen hopeful of clearing well drilling delays at Virginia with well integrity tests

By: Donna Slater     27th November 2020 Emerging domestic natural gas and helium producer Renergen is progressing with the drilling of the P2V2 well at its Virginia gas project, in the Free State. The well has been beset with delays since being spudded in June; however, the company on November 27 said it now had two drill rigs active... 

Kenya Airways has started direct fresh produce flights from Mombasa to the Middle East

By: Rebecca Campbell     27th November 2020 Kenya Airways, the country’s public private partnership national flag carrier, announced on Thursday that it was starting direct cargo flights from the country’s main port (and number two) city of Mombasa to international destinations. The airline’s freight operation is known as KQ Cargo, KQ... 

Govt study into local lithium-ion battery value chain almost complete 

By: Irma Venter     27th November 2020 A study into the possible development of a lithium-ion (li-ion) battery value-chain in South Africa will be completed by the end of the year. The study is being undertaken by Trade and Industrial Policy Strategies (TIPS), on behalf of the Department of Trade, Industry and Competition (DTIC). It... 

Govt study into local lithium-ion battery value chain almost complete
Gaylor Montmasson-Clair

SA's prospects for future coal projects 

27th November 2020 The role of new coal in South Africa’s electricity mix is coming under increasing scrutiny, with Eskom CEO Andre de Ruyter the latest to question whether it can indeed be built. Engineering News editor Terence Creamer discusses the prospects for future coal projects. 

SA's prospects for future coal projects

Plans to amend SA’s land tenure law another attack on private property rights, Cape chamber says

By: African News Agency      27th November 2020 The proposed amendment to South Africa’s Upgrading of Land Tenure Rights Act is a clear attempt to “bamboozle” the homeless out of their ability to own property, the Cape Chamber of Commerce & Industry said on Friday. If passed, it will inevitably trigger a Constitutional Court challenge, Cape... 

 Plans to amend SA’s land tenure law another attack on private property rights, Cape chamber says

SA govt funding for SAA business rescue will not hurt other services, Mabuza says

By: African News Agency      27th November 2020 South Africa’s government will do all it can to minimise any adverse impact that the re-prioritisation of budget allocations to free up R10.5-billion towards national carrier South African Airways’s business rescue might have on other services, Deputy President David Mabuza has said. The... 

 SA govt funding for SAA business rescue will not hurt other services, Mabuza says
Deputy President David Mabuza

First group of Western Cape agriculture drone pilots receive their wings

By: Yvonne Silaule     27th November 2020 The first group of Western Cape Department of Agriculture drone pilots received their wings this week. The department assisted the group to successfully sit for the South African Civil Aviation Authority (SACAA) examination to obtain their remote pilot licences. Training was provided by Drone-X,... 

DNG Energy says LNG bunkering hub to benefit South Africa, rest of the world 

By: Simone Liedtke     27th November 2020 Natural gas distributor DNG Energy’s floating storage unit (FSU), in Algoa Bay, South Africa, once operational and delivering liquefied natural gas (LNG) in 2021, is set to secure energy for various industries and numerous households, while also creating jobs and contributing to skills... 

DNG Energy group CEO Aldworth Mbalati gives Engineering News some more insight into the company's LNG bunkering hub project, in Port Elizabeth, South Africa. Video: Recorded via Zoom. Editing: Creamer Media's Darlene Creamer.

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