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South Africa urged to play to strengths as its plots role in lithium-ion battery value chain 

By: Terence Creamer     Updated 7 hours ago A newly released study of the potential for developing a lithium-ion battery value chain in South Africa concludes that the country should prioritise minerals beneficiation and mining, as well as battery manufacturing as it seeks to carve out a niche for itself in what is a fast-growing, highly... 

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain

Mantashe sees new industries emerging from South Africa’s renewables-led drive to boost electricity supply 

By: Terence Creamer     3rd March 2021 South Africa’s move to increase electricity generation capacity provided a “unique opportunity” for the development of new industries, Mineral Resources and Energy Minister Gwede Mantashe said this week. Addressing delegates virtually during Canada’s annual Prospectors and Developers Association... 

Mantashe sees new industries emerging from South Africa’s renewables-led drive to boost electricity supply
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

WBHO sees marked improvement in civils, road sectors 

By: Irma Venter     3rd March 2021 The pipeline of civil engineering projects in which Wilson Bayly Holmes-Ovcon (WBHO) hopes to participate has “recently nearly tripled” to R27-billion, up from R10.5-billion in June last year, says CEO Wolfgang Neff. This pipeline only includes contracts that WBHO believes will be awarded in the... 

WBHO sees marked improvement in civils, road sectors
Wolfgang Neff

Prolonged Covid-19 restrictions contribute to interim loss for M&R

By: Tasneem Bulbulia     Updated 6 hours ago Engineering and construction services firm Murray & Roberts (M&R) incurred an attributable loss of R167-million for the six months ended December 31, 2020, mainly as a result of the impact of prolonged Covid-19 restrictions, especially in the Mining platform. The firm notes, however, that a... 

Transnet asks Nersa to relook historic neutrality agreement on fuel transport

By: Marleny Arnoldi     Updated 6 hours ago State-owned Transnet has lodged a formal complaint with the National Energy Regulator of South Africa (Nersa) related to a historical agreement between Transnet and petrochemical companies Sasol and Total, involving a pricing mechanism in the transportation of crude oil. The freight utility... 

South Africa's factory activity slows in February - PMI

By: Reuters     3rd March 2021 South African private sector activity expanded again in February but at a slightly slower pace than the previous month, with new orders remaining flat while optimism was lifted by Covid-19 vaccine rollouts, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) slipped to... 

Denel board exits linked to lack of budget funds, official says

By: Reuters     3rd March 2021 A series of recent resignations from the board of directors of South Africa's state-owned defence company Denel is linked to funding not being made available in the government's 2021 budget, a senior official told Reuters on Wednesday. "There were expectations from the board that there will be... 

Airports company assures that it has improved its financial situation

By: Rebecca Campbell     Updated 7 hours ago The Airports Company South Africa (Acsa), which is 74.6% directly owned by the national government, reported on Wednesday that it had, over the past few months, significantly improved its financial situation and obtained funding to increase its liquidity. Whereas, in the middle of last year, it... 

DRC, as a keystone in AfCFTA, can link regional value chains

By: Schalk Burger     3rd March 2021 Trade and development experts have detailed the key role the Democratic Republic of Congo (DRC) can play in providing mineral resources for industrial and manufacturing value chains, supporting agricultural and agroprocessing value chains and serving as an epicentre for intra-African trade to... 

DRC, as a keystone in AfCFTA, can link regional value chains
Saceec CEO Eric Bruggeman

South African scientists find antibodies from variant may offer cross-protection

By: Reuters     Updated 6 hours ago Research by South African scientists suggests that antibodies triggered by exposure to the country's dominant coronavirus variant can prevent infection by other variants, the scientists said on Wednesday. The findings in laboratory studies offer hope that COVID-19 vaccines based on the 501Y.V2... 

SA’s first energy performance certificate marks key milestone, says SANEDI

By: Tasneem Bulbulia     3rd March 2021 The recent issuing of the first-ever energy performance certificate (EPC) for a building in South Africa is a landmark achievement that will encourage energy efficiency across the board, says the South African National Energy Development Institute (SANEDI). On February 18, the Admin B building at... 

Africa’s industrialisation will require gas as additional energy source

By: Simone Liedtke     Updated 6 hours ago Africa will require more energy sources than renewables to ensure the continent’s growth and its industrialisation, International Gas Union secretary general elect Andy Calitz told delegates attending the virtual Africa Gas Forum, on March 2. He said natural gas was already considered to be one... 

Policymaking will determine future of oil in Africa

By: Tasneem Bulbulia     3rd March 2021 Oil still has a role to play in the energy market going forward and is forecast to dominate energy supply up to 2040; however, policy decisions will be critical in how Africa and its oil industries move forward to meet net zero targets, speakers said at the virtual Africa Energy Indaba on March... 

Calgro M3 unpacks sustainable capital management drive

By: Marleny Arnoldi     3rd March 2021 JSE-listed property developer Calgro M3 has embarked on a series of actions to ensure the group’s ongoing sustainability. This includes having sold a $49-million noncore project in February.  

Sovereign governments set to borrow $12.6tr this year – S&P Global Ratings

By: Donna Slater     3rd March 2021 Sovereign governments worldwide are set to borrow $12.6-trillion from commercial debt sources this year, a report by ratings agency Standard & Poor’s (S&Ps) Global Ratings shows. S&P Global Ratings’ yearly survey of global sovereign debt and borrowing compiles data pertaining to all 135 rated... 

Brikor acquires 40% stake in Zingaro

By: Creamer Media Reporter      3rd March 2021 Brick manufacturer and supplier Brikor has acquired a 40% shareholding in multiproduct road transportation services provider Zingaro Holdings for R50-million. Zingaro primarily operates in South Africa and mainly services short to medium distance routes in Gauteng, North West, Mpumalanga and... 

Finance secured for Golomoti Solar construction

By: Tasneem Bulbulia     Updated 7 hours ago InfraCo Africa, part of the Private Infrastructure Development Group, and its project partner, independent power producer JCM Power, have announced their commitment to finance construction of the 20 MWAC Golomoti Solar project with a 5 MW/10 MWh lithium-ion battery energy storage system (BESS).... 

Rolls-Royce signs MoU with Estonian company on small modular reactors

By: Rebecca Campbell     3rd March 2021 UK-based industrial technology group Rolls-Royce has signed a Memorandum of Understanding (MoU) with Estonian company Fermi Energia. The purpose of the MoU is to study the potential to deploy small modular nuclear reactors (SMRs) in the Baltic country. All aspects of such a deployment, including... 

Rolls-Royce signs MoU with Estonian company on small modular reactors
Photo by Rolls-Royce
An artist’s impression of a UKSMR power plant.

Australia marks success of new UAV first flight with order for more of them

By: Rebecca Campbell     3rd March 2021 Within a couple of days of the successful maiden flight of the first Loyal Wingman advanced uncrewed air vehicle (UAV) for the Royal Australian Air Force (RAAF), the Australian Department of Defence has signed a $115-million contract with Boeing Australia for three more of the aircraft. This... 

Australia marks success of new UAV first flight with order for more of them
Photo by Australia Department of Defence
The first Loyal Wingman UAV on its maiden flight

ARM board approves R5.7-billion Merensky project at Two Rivers mine  

By: Martin Creamer     Updated 6 hours ago The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine in Mpumalanga, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The Two Rivers Merensky... 

African Rainbow Minerals growth projects report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     Updated 7 hours ago The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Suspended Eskom procurement chief raises allegations against De Ruyter in letter to MPs 

By: News24Wire      Updated 7 hours ago The Standing Committee on Public Accounts has received a letter from Eskom's suspended chief procurement officer Solly Tshitangano which levels allegations against CEO André de Ruyter. As a result the committee decided not to proceed with a scheduled meeting on Wednesday, in which it was to be... 

Suspended Eskom procurement chief raises allegations against De Ruyter in letter to MPs
Photo by Donna Slater
Eskom CEO André de Ruyter

Elephants or avocados: a Kenyan dilemma

By: Reuters     3rd March 2021 The majestic sight of elephants roaming beneath Mount Kilimanjaro has long lured throngs of wildlife-lovers to Amboseli National Park on Kenya's border with Tanzania. Yet the free movement of some 2,000 Amboseli elephants, along with two dozen other wildlife species plus cows owned by local... 

US Commerce sets anti-dumping duties on aluminum sheet from 18 countries

By: Reuters     3rd March 2021 The US Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain. The duties were announced just hours after Rhode Island Governor Gina Raimondo... 

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals' earnings soar 134%, interim dividend declared
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Glencore refutes Molefe's State capture inquiry testimony

By: Creamer Media Reporter      3rd March 2021 Diversified miner Glencore says the suggestion that it had involved President Cyril Ramaphosa, who used to be the chairperson of the Optimum coal mine, in the acquisition of Optimum Coal Holdings (OCH) with a view to, or with the expectation of leveraging his influence to achieve amendments to... 

UN chief urges wealthy nations to phase out coal use by 2030

By: Reuters     3rd March 2021 UN Secretary-General Antonio Guterres on Tuesday called on wealthy nations to end coal use by 2030 so the world can meet its goals to curb global warming, urging G7 nations to make that commitment before or at a leaders' summit in June. In a video message to a virtual gathering of the "Powering... 

UN chief urges wealthy nations to phase out coal use by 2030
UN Secretary-General Antonio Guterres

Africa’s recovery must include sustainable energy

By: Tasneem Bulbulia     2nd March 2021 Africa’s recovery from the impacts of the Covid-19 pandemic will take a long time, as each country has experienced different levels of disruption, and therefore, require different pathways. This was indicated during a World Energy Council session as part of the virtual Africa Energy Indaba on... 

Boeing Australia’s leading-edge UAV makes first flight

By: Rebecca Campbell     2nd March 2021 Boeing Australia announced on Monday that it and the Royal Australian Air Force (RAAF) had successfully conducted the first flight of the Loyal Wingman uncrewed aerial vehicle (UAV). The flight was conducted at Australia’s Woomera Range Complex in the state of South Australia. The flight was... 

Boeing Australia’s leading-edge UAV makes first flight
Photo by Boeing
Screenshot from a video showing the Loyal Wingman’s first flight

Seifsa puts SEZs at forefront of Brics Manufacturing Conference agenda

By: Marleny Arnoldi     2nd March 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has explained why it has placed special economic zones (SEZs) at the heart of the inaugural Brazil, Russia, India, China and South Africa (Brics) Manufacturing Conference to be hosted on March 26. CEO Kaizer Nyatsumba... 

Africa faces trilemma in addressing energy gap

By: Tasneem Bulbulia     2nd March 2021 In trying to bridge the energy gap on the continent, Africa faces a trilemma of balancing fossil fuels, poverty and climate change, but strides are being made in this regard, speakers noted during a panel discussion held as part of the virtual African Energy Indaba. Africa House Market Access and... 

Africa's M&A activity to recover in next 18 to 24 months

By: Donna Slater     2nd March 2021 Africa should be considered a promising component of merger and acquisition (M&A) strategies, in spite of the relatively small M&A market size and the impact of Covid-19 on economies, a new report published by business strategy consultancy Boston Consulting Group (BCG) states. Making up only 2%... 

ECA report unpacks green recovery strategy for Africa

By: Marleny Arnoldi     2nd March 2021 The Economic Commission for Africa has launched the 'Building Forward for an African Green Recovery' report, which highlights the continent’s bold post-Covid-19 pandemic recovery strategy. The report seeks to bolster the continent’s quest for the realisation of the Sustainable Development Goals,... 

Minigrids hold promise for Africa

By: Tasneem Bulbulia     2nd March 2021 Minigrids have the potential to accelerate energy access in Africa and costs are starting to come down, while reliability and financing are improving; however, further improvements are needed in terms of regulatory frameworks to engender a level playing field and transparency and certainty around... 

BLSA backs Ramaphosa’s commitment to fight corruption in public service

By: Sane Dhlamini     2nd March 2021 Business Leadership South Africa CEO Busi Mavuso has welcomed President Cyril Ramaphosa’s announcement of a new policy document to ensure that the public service is free of corruption. She stated that the public sector had a pervasive skills shortage that, in turn, affects the efficient and... 

BLSA backs Ramaphosa’s commitment to fight corruption in public service
President Cyril Ramaphosa

Volvo aims to become EV-only group by 2030 and to sell them all online

By: Irma Venter     2nd March 2021 Volvo Cars says it aims to become a fully electric vehicle (EV) company, on a global level, by 2030. By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids. 

Volvo aims to become EV-only group by 2030 and to sell them all online
The Volvo XC40 Recharge

WRC delivers on all targets in 2019/20 despite pandemic

By: Natasha Odendaal     2nd March 2021 As the Water Research Commission (WRC) wraps up a successful 2019/20 in terms of performance, the firm is eying ambitious goals as it outlines its visions for its 2021 corporate plans (CP). During 2019/20, the WRC continued to play its role in the sector as a knowledge hub, promoting... 

Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims 

By: News24Wire      2nd March 2021 Former Eskom CEO Brian Molefe has told the State Capture Inquiry that Glencore used its relationship with President Cyril Ramaphosa, who used to be the chairperson of its Optimum coal mine, to try to extort money from the power utility as it renegotiated the terms of its contract. Optimum, which... 

Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims
Photo by Creamer Media
Former Eskom CEO Brian Molefe

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