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Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     Updated 6 hours ago A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

 Project launched to define role of finance in South Africa and India’s ‘just transitions’

After baptism of fire, empowered valves manufacturer on road to recovery 

By: Terence Creamer     19th January 2021 After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners faced a true baptism of fire. CEO and co-shareholder Tumi Tsehlo, who previously headed the South... 

After baptism of fire, empowered valves manufacturer on road to recovery
Tumi Tsehlo

Ramaphosa forms inter-ministerial committee on vaccines, to be led by David Mabuza 

By: News24Wire      Updated 6 hours ago President Cyril Ramaphosa has established an inter-ministerial committee to oversee the roll-out of Covid-19 vaccines in the country. Ramaphosa announced this at a Zoom meeting of the ANC's Progressive Business Forum on Tuesday.  

AMSP opens Covid-19 vaccines pre-orders for AU member States

By: Tasneem Bulbulia     Updated 7 hours ago Following the announcement by African Union (AU) chairperson President Cyril Ramaphosa on January 14 that the AU has secured a provisional 270-million Covid-19 vaccine doses for Africa through its Covid-19 African Vaccine Acquisition Task Team (Avatt), the Africa Medical Supplies Platform (AMSP)... 

Unions want Labour Court to order SAA to sort out backpay within 7 days

By: News24Wire      19th January 2021 The National Union of Metalworkers of South Africa (Numsa) and the SA Cabin Crew Association (Sacca) intend to make an urgent application to the Labour Court in Johannesburg on 28 January to have a deal regarding backpay of members of South African Airways (SAA) declared unlawful or unfair. The... 

Concerns about future viability drove M&A activity in last months of 2020

By: Marleny Arnoldi     19th January 2021 In its latest 'Global Mergers & Acquisitions (M&A) Industry Trends' analysis, PwC finds that deal volumes went up 18% in the second half of 2020, while deal values increased by 94%, compared with the first half of the year. Deal activity in the second half of last year experienced a surge... 

Covid-related risks dominate Allianz Risk Barometer 2021

By: Tasneem Bulbulia     19th January 2021 A trio of Covid-19-related risks heads up the tenth Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the pandemic. Business interruption and pandemic outbreak are this year’s top business risks with cyber incidents ranking a close... 

Business performance, strategy, Covid-19 drive further change in nonexecutive practices 

By: Schalk Burger     Updated 6 hours ago While 2020 was a year of fluctuations and novel challenges, the remuneration of nonexecutive directors continues to be increasingly linked to the performance of businesses, as well as their ability to adapt to new challenges and new demands from stakeholders and shareholders, says professional... 

PwC discusses the findings of its 2021 Nonexecutive Directors Practices And Fees Trends' report.

Work progresses at Kariba Dam Rehabilitation Project

By: Natasha Odendaal     19th January 2021 Binational organisation the Zambezi River Authority (ZRA) is progressing work at the Kariba Dam Rehabilitation Project (KDRP). In a January 19 update, the authority said that ongoing KDRP works comprise two components, namely reshaping of the plunge pool and the refurbishment of the spillway gates. 

African central bankers out of policy space to fight recessions

By: Bloomberg     19th January 2021 African central bankers meeting in the next two weeks amid a resurgent coronavirus may find they’ve used up most of their interest-rate ammunition to lift their economies out of recessions that still affect much of the continent. Monetary policy committees have limited scope to provide stimulus... 

Dept postpones implementation of EPR Regulations for the waste sector

By: Tasneem Bulbulia     Updated 7 hours ago Environment, Forestry and Fisheries Minister Barbara Creecy has postponed the implementation of the Extended Producer Responsibility (EPR) Regulations to May 5. This follows a request from affected producers to make further inputs into the implementation process. 

Renergen hoping to highlight importance of diesel dual fuel with new truck

By: Simone Liedtke     Updated 7 hours ago Emerging natural gas and helium producer Renergen has replaced its old transport truck with a new one, equipped with the diesel dual fuel (DDF) kit and tank from the former truck, in a bid to prove the equipment will “outlast the truck”. While the truck itself is not linked to the company’s... 

Renergen hoping to highlight importance of diesel dual fuel with new truck

AfriSam helps build solid foundation for Cape Town mixed-use development

By: Simone Liedtke     19th January 2021 Variable ground conditions at an upmarket mixed-use development in Cape Town has demanded some innovative solutions from contractor GVK-Siya Zama Construction and readymix specialist AfriSam. At the Old Cape Quarter project in De Waterkant, four floors of luxury apartments are being added to... 

AfriSam helps build solid foundation for Cape Town mixed-use development
A particular challenge was the lack of space in the basement for the use of normal Class 3 formwork.

Ninety One SA clients increase shareholding in Murray & Roberts

By: Tasneem Bulbulia     19th January 2021 JSE-listed Murray & Roberts has received formal notification that clients of financial services provider Ninety One SA have, in aggregate, acquired an interest in the ordinary shares of the company. The total interest in the ordinary shares held by Ninety One SA clients now amounts to 5.18% of... 

Mainstream Renewable Power signs equity investment deal with Aker Horizons

By: Tasneem Bulbulia     Updated 7 hours ago Global wind and solar company Mainstream Renewable Power has signed an agreement with renewable energy investment company Aker Horizons, which will take a 75% equity stake in the company, subject to regulatory approval. The deal values Mainstream at €1-billion (including a potential earn-out of... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     Updated 7 hours ago Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cape Town dam levels decrease to 87.5%

By: African News Agency      19th January 2021 The total capacity of dams supplying the Cape Town metropolitan area has decreased by 1.6 percentage points in the last week to 87.5 percent, compared with 72 percent at the same time last year, the city council said. Daily water consumption for the same period also dipped to 776-million litres... 

 Cape Town dam levels decrease to 87.5%

Land Bank posts a R172m interim loss for 2020

By: News24Wire      19th January 2021 The Land Bank has posted a R172-million loss from its continuing operations for the six months ended on 30 September as its interest income continued to decline while provision for bad debts grew. The state-owned lender, which finances approximately 27% of agricultural debt in SA and is the only... 

Second wave of infections delays training at Tjeka Training Centre

By: Simone Liedtke     18th January 2021 Construction training academy Tjeka Training Centre, based in Randfontein, has seen a slowdown in the onboarding of participants for the new year, mostly owing to the second wave of Covid-19 infections in South Africa, says Tjeka Training Matters CEO Frans Toua. He tells Engineering News that the... 

Second wave of infections delays training at Tjeka Training Centre
Photo by Creamer Media's Simone Liedtke
A class and training room at Tjeka Training Centre, in Randfontein.

Neasa calls for steel duties to be dropped to meet burgeoning domestic demand

By: Donna Slater     18th January 2021 Unless import duties are reduced or made null for a period of time, steel shortages will continue to plague the domestic market, the National Employers Association of South Africa (Neasa) argues. Currently, the largest steel manufacturer – ArcelorMittal South Africa (AMSA) has repeatedly assured... 

South African radio telescope array makes another breakthrough 

By: Rebecca Campbell     18th January 2021 South Africa’s world-leading 64-dish radio telescope array MeerKAT, which was inaugurated in July 2018, has registered another significant success and again increased our knowledge of the cosmos. In a study published on Monday in the Monthly Notices of the Royal Astronomical Society, a team of... 

South African radio telescope array makes another breakthrough
Photo by South African Radio Astronomy Observatory
A view of some of the MeerKAT array’s dishes.

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Want a fuel cell, you need platinum – analysts
Photo by Bernstein
Predicted future PGM tons heading high.

Clir provides software to enhance Lake Turkana Wind Power wind farm

By: Donna Slater     18th January 2021 Renewable energy software company Clir Renewables has formed a partnership agreement with renewable energy generator Lake Turkana Wind Power (LTWP). The partnership will result in Clir enhancing LTWP’s wind farm performance tracking and support its Kenya-based team in realising potential... 

Knapp appointed as head of Volkswagen passenger cars in South Africa 

By: Irma Venter     18th January 2021 Steffen Knapp has been appointed to head the Volkswagen passenger car brand in South Africa.  He replaces Martina Biene. 

Knapp appointed as head of Volkswagen passenger cars in South Africa
Steffen Knapp 

R68 766 000 invested in Covid-19 research – Nzimande 

By: Sane Dhlamini     18th January 2021 The Higher Education, Science and Innovation Ministry on Monday announced that it has invested R68 766 000 towards coronavirus (Covid-19) research and development. Addressing the media, Minister Dr Blade Nzimande said the funds were approved to support Covid-19 research and development in... 

R68 766 000 invested in Covid-19 research – Nzimande
Minister of Higher Education, Science and Innovation, Dr Blade Nzimande

Renewable Energy Development Zones vital for a just energy transition − SAWEA

By: Tasneem Bulbulia     18th January 2021 Renewable energy development zones (REDZ) have a key role to play in the South Africa’s just energy transition, creating priority areas for investment in the electricity grid and increasing South Africa’s green energy map, by enabling higher levels of renewable power penetration, industry... 

Renewable Energy Development Zones vital for a just energy transition − SAWEA
Umoya Energy Wind Farm

IEA calls on oil, gas sector to further cut methane emissions

By: Tasneem Bulbulia     18th January 2021 Methane emissions from the global oil and gas industry fell by an estimated 10% in 2020 as producers slashed output in response to the historic shock of the Covid-19 crisis, intergovernmental organisation the International Energy Agency (IEA) says, warning that these emissions could rebound... 

Non-thermal, non-chemical food production technology tested locally

By: Schalk Burger     18th January 2021 A new food processing method developed by biotechnology multinational Green Cell Technologies (GCT) deploys a non-thermal, non-chemical process to open 99.999998% of all cell structures using its Dynamic Cellular Disruption (DCD) process and disruptor technology. During the DCD process, other... 

TransUnion partners with Fincheck to make credit applications easier for consumers

By: Schalk Burger     18th January 2021 NYSE-listed consumer credit information and insights multinational TransUnion has partnered with South Africa’s biggest financial marketplace Fincheck to make the credit application process easier and less frustrating for consumers by finding the best-suited bank, lender or insurer. With its... 

S Africans have the ability to stimulate economic activity – Ramaphosa 

By: Thabi Madiba     18th January 2021 With public finances under extreme strain because of the cost of the country’s health response to Coronavirus and the social and economic relief measures put in place to assist businesses and poor households, President Cyril Ramaphosa has called on citizens to be innovative and focused in their... 

S Africans have the ability to stimulate economic activity – Ramaphosa
President Cyril Ramaphosa

DEFF issues yellow alert for harmful West Coast red tide, partners prepare for red alert

By: Schalk Burger     18th January 2021 Following the build-up of harmful algal blooms - called red tides - on the West Coast over the past few weeks, the Department of Environment, Forestry and Fisheries (DEFF) has issued a Situation Yellow alert under the West Coast Rock Lobster Contingency Plan and placed all government role-players... 

Glass packagers face R1.5bn hit from alcohol ban - Consol

By: Reuters     18th January 2021 South Africa's glass packaging industry could lose a further R1.5-billion in sales if the latest ban on alcohol sales continues for long, the CEO of glass bottle maker Consol said on Monday. South Africa has recently banned alcohol sales for the third time as part of efforts to free up space for... 

Virgin Orbit successfully puts CubeSats into space on its second launch mission

By: Rebecca Campbell     18th January 2021 US space company Virgin Orbit, part of the UK-based Virgin group (and a sister company to space tourism enterprise Virgin Galactic) successfully launched ten nanosatellites into orbit on Sunday. This was the company’s first successful space launch, achieved on its second launch demonstration... 

Virgin Orbit successfully puts CubeSats into space on its second launch mission
Photo by Virgin Orbit
Virgin Orbit’s modified Boeing 747 Cosmic Girl takes off from Mojave with a LauncherOne rocket under its wing

Liquor coalition petitions government

By: Tasneem Bulbulia     18th January 2021 Liquor associations the National Liquor Traders Council and the Liquor Traders Association of South Africa have written a letter to President Cyril Ramaphosa with regard to the continued ban on alcohol sales and have also requested a meeting to discuss the matter. The letters notes that the... 

Gautrain rolling stock fleet completes 40-million kilometres in service 

By: Irma Venter     18th January 2021 Bombardier Transportation says the Gautrain commuter fleet has successfully completed 40-million kilometres in service since operations began in 2010.   

Gautrain rolling stock fleet completes 40-million kilometres in service

Total complete sale of interest in Nigerian onshore oil mining lease

By: Tasneem Bulbulia     18th January 2021 Energy company Total has completed the divestment of its 10% interest in onshore oil mining lease 17 to Nigerian company TNOG Oil and Gas, a company related to Heirs Holdings and Transnational Corporation of Nigeria, for about $180-million. About $150-million was paid at completion of the... 

Mavuso bemoans govt exacerbating uncertainty

By: Marleny Arnoldi     18th January 2021 Business Leadership South Africa CEO Busi Mavuso has expressed her view on government spending an increasing amount of time in court defending its regulations to control the spread of Covid-19. She refers to the South African Breweries (SAB) having gone to court to challenge the alcohol ban,... 

Mavuso bemoans govt exacerbating uncertainty
Photo by Creamer Media's Donna Slater
BLSA CEO Busi Mavuso

Eskom to resume power cuts in South Africa on Monday

By: Reuters     18th January 2021 South Africa's state power utility Eskom said on Sunday that a nationwide phased power cut due to end on Sunday would resume from Monday morning because some generating units were not yet operational. "As the return to service of some generation units has been delayed ... Stage 2 loadshedding... 

Eskom to resume power cuts in South Africa on Monday

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