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Nersa to learn next week if tariff-raising Eskom judgment can be appealed 

By: Terence Creamer     18th September 2020 High Court Judge Fayeeza Kathree-Setiloane will decide next week whether to grant the National Energy Regulator of South Africa leave to appeal her July 28 judgment, which found the regulator’s decision to deduct a R69-billion equity injection into Eskom from its allowable revenue for the period... 

Nersa to learn next week if tariff-raising Eskom judgment can be appealed

Govt commits to provide SAA with R10.5bn – administrator 

By: Reuters     18th September 2020 South Africa has pledged R10.5-billion to South African Airways, one of the administrators of the ailing state-owned airline said on Friday. The administrators took control of SAA in December after almost a decade of financial losses and have been trying to keep it afloat as the coronavirus... 

Govt commits to provide SAA with R10.5bn – administrator

Busa’s Pityana stresses need for approval, implementation of Economic Recovery Action Plan 

By: Simone Liedtke     18th September 2020 Business Unity South Africa (Busa) President Sipho Pityana has called for a “more empathetic approach” with South Africa recently passing two important milestones on the road to salvaging its battered economy. These milestones comprise the Covid-19 lockdown having been scaled down to Alert Level... 

Affordability of communications critical for impact

By: Natasha Odendaal     18th September 2020 As the Covid-19 pandemic brings South Africa’s widening digital divide into sharp focus in South Africa, having the latest generation connectivity, unaffordable for many, will not make much of an economic impact without lowering the costs. South Africa has had some success with its various... 

JSE-listed Telkom tells of mixed hit from Covid-19 restrictions

By: Natasha Odendaal     18th September 2020 The impact of Covid-19 and the national lockdown has impacted JES-listed Telkom’s business to varying degrees. In an update to the market, Telkom said that, while its consumer business benefitted from the increased demand from people working from home and online schooling, its BCX and Small... 

Open borders lauded by tourism stakeholders

By: Donna Slater     18th September 2020 Stakeholders in the tourism industry have lauded President Cyril Ramaphosa’s decision to allow restricted international travel to South Africa to resume as an effort to help rebuild the tourism and hospitality industry in South Africa. This sentiment was conveyed during a Governance... 

Venture capital set for slowdown after record 2019 performance

By: Tasneem Bulbulia     18th September 2020 While South African venture capital (VC) investors may have seen a significant slowdown in deal activity this year as a result of measures implemented globally to contain the spread of Covid-19, the local VC landscape experienced record investment and exit activity in 2019. This is according... 

DPWI, AgriSeta partner to train and certify 400 artisans

By: Marleny Arnoldi     18th September 2020 The Department of Public Works and Infrastructure (DPWI) has partnered with the Agricultural Sector Education Training Authority (AgriSeta) to provide artisan development training to 400 Expanded Public Works Programme (EPWP) participants. Artisan development is often overlooked by school... 

DPWI, AgriSeta partner to train and certify 400 artisans

BMG launches new online platform

By: Tasneem Bulbulia     18th September 2020 Industrial products provider BMG, part Engineering Solutions Group (ESG), has launched its new online shopping platform – BMG Online – to make doing business in the industrial sector easier. “Although the planning, development and execution for our e-commerce shopping portal go back over two... 

BMG launches new online platform
BMG Online

Bokamoso Solar starts commercial operations

By: Tasneem Bulbulia     18th September 2020 Bokamoso Solar, situated near Leeudoringstad, in the North West province, has started commercial operations. The 67.9 MW solar photovoltaic (PV) power plant and several others currently under construction are expected to have put the North West on the map as a player in the renewable energy... 

Bokamoso Solar starts commercial operations
Bokamoso Solar

Goodyear South Africa attains Level 6 BBBEE Contributor Status

By: Tasneem Bulbulia     18th September 2020 Tyre and rubber manufacturer Goodyear South Africa has attained Broad-Based Black Economic Empowerment (BBBEE) Level 6 Contributor Status under the Amended Codes of Good Practice. This is an improvement on the Level 8 status it achieved in 2015. 

ATNS launches virtual Aviation Training Academy

By: Donna Slater     18th September 2020 With Covid-19 restrictions, Air Traffic and Navigation Services (ATNS) is piloting virtual training through its Aviation Training Academy. ATNS’ Aviation Training Academy offers aviation training to several countries in Africa since it was certified as a training institution in 1996.  

Agri SA value chain services company grows to fully fledged status

By: Marleny Arnoldi     18th September 2020 Agricultural organisation Agri SA’s new company Agri SA Enterprises has evolved into a fully fledged company with a focus on food value chain services. Agri SA in 2015 appointed an executive management member Omri van Zyl to incubate the company and solidify its service offering, which... 

Cameroon seeking to build $3bn dam to export electricity

By: Bloomberg     18th September 2020 Cameroon will build a $3-billion hydropower plant as part of an ambitious plan to make the central African nation an exporter of electricity by 2035. The 810 MW Grand Eweng project on the Sanaga river, a joint venture between the government and the US-based energy company Hydromine, is the fifth... 

Glencore welcomes Australian govt's investments for clean future

By: Marleny Arnoldi     18th September 2020 Diversified miner Glencore has welcomed the Australian federal government’s decision to invest A$1.9-billion in a suite of new and emerging energy technology to position the country for a low-emission future. To this end, metals and minerals will play a key role in the global transition to a... 

Unions threaten legal action if government does not commit to saving State-owned airlines

By: Rebecca Campbell     18th September 2020 Two trade unions, the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca), have jointly announced that, together, they are going to challenge in court the liquidation of State-owned airlines South African Airways (SAA) and South African... 

Cybersecurity has to remain ‘front of mind’ for miners, says panel

By: Simone Liedtke     18th September 2020 As the world becomes more connected through information technology (IT) and operational technology (OT), ABB local division manager for mining solutions John Manuell warns that cybersecurity will need “to remain front of mind”. With the advent and increasing use of digital technologies,... 

Cybersecurity has to remain ‘front of mind’ for miners, says panel

Economists lament ‘missed opportunity’ of another repo rate cut

By: Simone Liedtke     17th September 2020 While the decision to leave interest rates unchanged at 3.5% is “disappointing”, North West University Business School economist Professor Raymond Parsons says South Africa’s basic policy priorities should now focus on “urgently implementing overdue economic reforms and ensuring security of... 

IPP Office says next renewables bid window by end Jan ‘latest’, but possibly before year-end 

By: Terence Creamer     17th September 2020 The head of South Africa’s Independent Power Producer (IPP) Office, which performs the IPP procurement function on behalf of the Department of Mineral Resources and Energy (DMRE), says discussions are under way with the department to finalise the roll-out plan for the Section 34 determination... 

IPP Office says next renewables bid window by end Jan ‘latest’, but possibly before year-end

Infrastructure South Africa drafting 25-year National Infrastructure Plan 

By: Marleny Arnoldi     17th September 2020 Public Works and Infrastructure Minister Patricia de Lille has confirmed that a single entry point for all the projects in the country's Infrastructure Investment Plan will be created, through an entity called Infrastructure South Africa (ISA). ISA will be at arm’s length from the Department of... 

Infrastructure South Africa drafting 25-year National Infrastructure Plan
Public Works and Infrastructure Minister Patricia de Lille

Consultant emphasises importance of galvanised steel sheeting to avoid structural failures

By: Simone Liedtke     17th September 2020 Galvanised steel sheeting can help to avoid structural failure of buildings through generally assisting with the prevention of white rust, or wet storage stains, says civil engineering and galvanising consultant Terry Smith. Continuous sheet galvanising is a hot-dip process, but is only applied... 

Egoli likely to be S Africa’s least complicated underground gold mine – Pan African  

By: Martin Creamer     17th September 2020 What is expected to be South Africa’s least complicated underground gold mine is on the way at Evander, Mpumalanga, in the form of the Egoli gold project. Planning to bring the low-capital quick-return project to life is Pan African Resources, the London-, Johannesburg- and New York-listed... 

Mining Weekly’s Martin Creamer interviews Pan African Resources CEO Cobus Loots. Video: Darlene Creamer.

BRPs report government has failed to supply promised funding for SAA

By: Rebecca Campbell     17th September 2020 The joint business rescue practitioners (BRPs) for financially-embattled State-owned national flag carrier South African Airways (SAA) reported on Thursday that the government had failed to supply the funding it had promised to finance the implementation of the airline’s business rescue plan.... 

Blue Label sells 47.56% interest in Blue Label Mexico

By: Creamer Media Reporter      17th September 2020 JSE-listed Blue Label Telecoms is selling its 47.56% interest in Blue Label Mexico to co-shareholder Grupo Bimbo for $11.5-million. Blue Label will use the proceeds to settle its total parent guarantee obligations of $3.25-million payable to RBL Bank on behalf of Oxigen Services India, as well as... 

PAPE Fund 3 acquires 45% equity in DDS Group of Companies

By: Tasneem Bulbulia     17th September 2020 Midcap South African private equity fund PAPE Fund 3 has successfully acquired 45% of the equity in the DDS Group of Companies, an African beverage dispensing and refrigeration services provider. The DDS Group of Companies provide beverage dispensing and refrigeration services on behalf of the... 

SA must now face corruption and second wave threat, warns business lobby 

By: News24Wire      17th September 2020 Business 4 South Africa’s co-chair Martin Kingston joined President Cyril Ramaphosa's calls for the country to remain vigilant against Covid-19, as well as corruption within state procurement aimed at responding to the pandemic, as South Africa further lifts restrictions. Ramaphosa announced on... 

SA must now face corruption and second wave threat, warns business lobby
Photo by Creamer Media
B4SA co-chair Martin Kingston

Numsa union accuses Comair business rescuers of bullying employees 

By: African News Agency      17th September 2020 The National Union of Metalworkers of South Africa on Thursday accused the business rescue practitioners at Comair of attempting to blackmail employees into signing away their rights ahead of a crucial creditors meeting tomorrow. In a statement, Numsa said the practitioners had not consulted... 

Numsa union accuses Comair business rescuers of bullying employees

Kibo settles convertible loan note, raises £1.45-million

By: Tasneem Bulbulia     17th September 2020 Coal and energy company Kibo Energy has settled all outstanding amounts due under the convertible loan note (CLN) announced on June 25, and has reached agreement with the holders of the CLN to terminate the CLN with immediate effect. Moreover, the company has undertaken a successful placing to... 

Sappi signs up to Business for Nature’s Call to Action on environment

By: Donna Slater     17th September 2020 Woodfibre-based product producer Sappi has joined the Business for Nature’s Call to Action – which represents 560 companies from around the world, with combined revenue of $4-trillion – in urging governments to urgently adopt policies to reverse nature loss in this decade.   Covid-19 is causing... 

Daimler’s first hydrogen fuel-cell truck to start customer trials in 2023  

By: Irma Venter     17th September 2020 Daimler Trucks has unveiled its first hydrogen-based fuel cell truck. The GenH2 Truck is aimed at the long-haul transport market and marks the beginning of commercial fuel-cell drive development for the German truck maker. 

Take a closer look at the Daimler concept hydrogen fuel-cell truck.

Glencore admits deal to buy South African strategic crude oil reserves was invalid

By: Marleny Arnoldi     17th September 2020 The Strategic Fuel Fund (SFF) has reached an in-principle agreement with diversified miner Glencore to reverse the 2015 sale of South Africa's strategic crude oil reserves. Glencore has agreed that the sale of the three-million barrels of oil was invalid, after first challenging the matter with... 

IDC, DBSA invest in development of locally-produced fuel cell energy tech  

By: Tasneem Bulbulia     17th September 2020 Development finance institutions, the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), have committed project development funding to Mitochondria Energy Company, a local South African business that was established with the purpose to provide affordable,... 

IDC, DBSA invest in development of locally-produced fuel cell energy tech
Photo by Creamer Media
Mitochondria CEO Mashudu Ramano

CDH lawyer warns of retrenchment pitfalls

By: Simone Liedtke     17th September 2020 With a continued low economic growth rate and rising unemployment still painting a bleak picture for South Africa, law firm Cliffe Dekker Hofmeyr (CDH director Jose Jorge warns that companies will “continue to tighten their belts” in the months ahead, meaning more job losses are likely on the... 

Creecy shares strides govt has made in circular economy efforts

By: Marleny Arnoldi     17th September 2020 Environment, Forestry and Fisheries Minister Barbara Creecy says government understands how green industries can open up new possibilities for development and create much-needed jobs in South Africa. Delivering a keynote address at the Waste Khoro 2020 event, which was held virtually on... 

JRA fills, patches thousands of potholes

By: Donna Slater     17th September 2020 After receiving 32 000 pothole service requests, the Johannesburg Roads Agency (JRA) has successfully resolved just over 22 000 as at September 14. In addition, the agency reports that 1 600 of the 2 200 patches were resolved.  

Global Center on Adaptation opens regional office in Côte d’Ivoire

By: Donna Slater     17th September 2020 Hosted by the African Development Bank (AfDB) at its headquarters in Abidjan, Côte d’Ivoire, the Global Center on Adaptation (GCA) launched its African regional office on September 17.  GCA Africa will work with partners across the continent to scale and accelerate adaptation action that... 

South Africa partners with Unido to raise awareness about protecting the ozone layer 

By: Yvonne Silaule     17th September 2020 South Africa has partnered with the United Nations Industrial Development Organisation (Unido) to hold roadshows to raise the awareness about the need to protect the Earth's ozone layer. Environment, Forestry and Fisheries Deputy Minister Maggie Sotyu says that, as a Party to the Montreal... 

Economy breathes welcome sigh for Level 1, while alcohol, travel industries remain aggrieved

By: Marleny Arnoldi     17th September 2020 With President Cyril Ramaphosa having announced the move to a Level 1 lockdown for South Africa, effective September 20, positive reactions have been streaming in from all spheres of the economy, but grievances around weekend alcohol sales, the curfew and only partially reopened borders remain.... 

Economy breathes welcome sigh for Level 1, while alcohol, travel industries remain aggrieved

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