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Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter 

By: Terence Creamer     22nd October 2020 State-owned power utility Eskom, which is ramping up the maintenance of its unreliable and unpredictable coal power stations, anticipates that there will be a ‘step change’ in the performance of the fleet from April 2021, but has also warned that the risk of load-shedding will persist until at... 

Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter
Photo by Creamer Media's Donna Slater
CEO Andre de Ruyter and COO Jan Oberholzer

Eskom moves to appoint advisers to structure 'green' transaction 

By: Terence Creamer     Updated 5 hours ago South Africa’s coal-heavy power utility is moving to appoint financial advisers to assist it in structuring a potential transaction that could unlock discounted ‘green’ funding for the debt-laden State-owned entity in return for it meeting agreed decarbonisation targets. Eskom CEO Andre de Ruyter... 

Eskom moves to appoint advisers to structure 'green' transaction

Finance agreement volumes and vehicle prices on the up, says TransUnion 

By: Irma Venter     22nd October 2020 The South African car market showed signs of resilience in the third quarter of the year as it bounced back from an all-time-low second quarter to record month-on-month increases in the number of new and used cars financed in August and September, this according to the latest TransUnion South... 

Finance agreement volumes and vehicle prices on the up, says TransUnion
Kriben Reddy

Solidarity union blasts government over Denel 

By: Rebecca Campbell     22nd October 2020 The Solidarity trade union has accused government Ministers of failing to support each other, as well as defence industrial group Denel, regarding the future of the financially-beleaguered State-owned entity. In a letter to the Denel board of directors and a number of Ministers, notably Finance... 

SA parliament concerned about governance and finance challenges at Denel 

By: African News Agency      22nd October 2020 South Africa’s parliament said on Thursday it was concerned about the governance and financial challenges at state arms manufacturer Denel. In a statement, the portfolio committee on public enterprises said it had heard from Denel officials during a briefing that the struggling firm suffered an... 

SA parliament concerned about governance and finance challenges at Denel

Mantashe reiterates energy sector efforts to complement economic recovery plan

By: Marleny Arnoldi     22nd October 2020 During a sitting of Parliament on the debate of the Economic Reconstruction and Recovery Plan, Mineral Resources and Energy Minister Gwede Mantashe has reiterated government’s targets to deliver 16 313 MW of additional electricity generation capacity from a mix of energy sources. Mantashe... 

Mantashe reiterates energy sector efforts to complement economic recovery plan
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Tunnelling works progressing at Lesotho Highlands Water Project

By: Simone Liedtke     22nd October 2020 Underground tunneling works inside the two Polihali diversion tunnels are progressing well, with excavations advancing from the outlets at about 6 m a day per tunnel at the Lesotho Highlands Water Project (LHWP) site. So far, the excavation of the intake and outlet portals have been completed and... 

Tunnelling works progressing at Lesotho Highlands Water Project

Fronting still a major issue in delivering on economic transformation, says commission

By: Simone Liedtke     Updated 7 hours ago “Fronting”, where a person of color or entity is given a stake but does not get the powers associated with it, remains the biggest challenge to the power of the Broad-Based Black Economic Empowerment (BBBEE) Act to deliver on economic transformation, the BBBEE Commission warns. Speaking at the... 

Furniture Industry Masterplan to be finalised in coming months – DTIC

By: Simone Liedtke     22nd October 2020 The Furniture Industry Masterplan (FIMP) has been submitted to all relevant stakeholders and will be finalised and implemented in the coming months, Department of Trade, Industry and Competition (DTIC) agroprocessing and forestry-based industries chief director Ncumisa Mcata-Mhlauli confirms. The... 

Fund establishes collective investment scheme with an infrastructure focus

By: Simone Liedtke     22nd October 2020 South Africa’s first preference shares with an infrastructure focus were listed on October 22 on 4 Africa Exchange (4AX), Gaia Fund Managers and Kruger International Asset and Wealth Management confirmed. Gaia, together with Kruger, is listing Gaia Fund 1 (the Fund), which complies with... 

Solidarity Fund marks progress

By: Tasneem Bulbulia     22nd October 2020 The Solidarity Fund says that, while there will be a time when its work will no longer be needed, that time has not come yet and, until it does, the fund will continue to work with partners and stakeholders to support the country. As of October 15, the fund had received more than R3.12-billion of... 

Altron delivers growth during lockdown

By: Natasha Odendaal     22nd October 2020 JSE-listed technology company Allied Electronics (Altron) has achieved double-digit growth in revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) from continuing operatons during the six months to August 31, 2020. The group’s Ebitda increased 17% to R883-million for... 

South African Cabinet approves export tax on chrome ore 

By: Reuters     22nd October 2020 South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday. "The interventions include the proposed introduction of the export tax on chrome... 

South African Cabinet approves export tax on chrome ore

Unilever ringfences €1bn for Clean Future initiative

By: Tasneem Bulbulia     Updated 6 hours ago Consumer goods company Unilever has launched its Clean Future initiative, which is aimed at engendering sustainability in the way it produces products and renders services. During a virtual launch of the initiatives on October 22, the company explained that it was seeking to transform its... 

Experts urge govt to prioritise informal-trading-friendly policy 

By: Marleny Arnoldi     22nd October 2020 With 60% of South Africa’s economic activity happening in the informal sector, national, provincial and local government alike need to realise the importance of empowering these entrepreneurs to contribute more to the gross domestic product of cities, University of the Witwatersrand associate... 

Witwatersrand associate Professor Margot Rubin talks about informal trade barriers

Schneider Electric says digital transformation a ‘key step’ to improve energy efficiency

By: Simone Liedtke     22nd October 2020 Embracing digital transformation in the power and energy sector is a key step in national and regional plans to improve energy efficiency throughout sub-Saharan Africa. As economies throughout the region power up and organisations focus on how they can resume their operations, research by... 

Schneider Electric says digital transformation a ‘key step’ to improve energy efficiency

Cabinet confirms PRASA board appointments

By: Creamer Media Reporter      Updated 6 hours ago Cabinet on October 22 confirmed the names of the new board of control of the Passenger Rail Agency of South Africa (PRASA). Leonard Ramatlakane is chairperson of the PRASA board. 

Numsa to picket at RMI, Mibco offices

By: Marleny Arnoldi     22nd October 2020 The National Union of Metalworkers of South Africa (Numsa) will hold a march to all the offices of the Retail Motor Industry (RMI) on October 27 to hand over memorandums of demands at each venue. The RMI is an employer body representing many component manufacturers in the automotive industry.  

Numsa to picket at RMI, Mibco offices

University of Pretoria team come second in Brics youth energy event

By: Rebecca Campbell     22nd October 2020 A South African team took second place in the recent 2020 Brics Youth Energy Outlook event, hosted in Moscow. Brics is the acronym for the Brazil, Russia, India, China, South Africa alignment and the Youth Energy Outlook involves teams of young researchers submitting papers on energy and the... 

Afreximbank ready to raise up to $5bn for Covid-19 vaccines for Africa - CDC head

By: Reuters     Updated 6 hours ago The African Export Import Bank is ready to raise up to $5-billion to purchase COVID-19 vaccines for African countries, the head of the continent’s disease control body told Reuters on Thursday. John Nkengasong, head of the Africa Centres for Disease Control and Prevention (CDC), said Africa needs... 

Boeing, University of Arizona, confirm disinfecting methods kill Covid-19 in airliners

By: Rebecca Campbell     22nd October 2020 A joint test programme by US aerospace giant Boeing and the University of Arizona has confirmed that the anti-Covid-19 cleaning methods used by airlines are effective and do kill the SARS-CoV-2 coronavirus that causes the disease. The unprecedented tests were carried out during the northern... 

Resgen requests trading halt ahead of announcement

By: Simone Liedtke     22nd October 2020 Trading of energy resources company Resource Generation's (Resgen's) securities on the ASX and the JSE will temporarily be halted, at the company’s request, until October 26. The company’s decision to halt security trading follows its reliance on formalising an extension to the first repayment... 

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Dwyka Mining Services trials new GPD-denied technology  

22nd October 2020 Mining technology company Dwyka Mining Services has conducted what it claims is the first Autonomy Level 2 flight in South Africa, using a drone-mounted light detection and ranging payload fitted to a drone. Donna Slater tells us more. 

Dwyka Mining Services trials new GPD-denied technology

South African coal industry to reach tipping point in 2025

By: Simone Liedtke     21st October 2020 The South African coal industry will likely reach a tipping point by 2025, when renewable energy should be cheaper, both in terms of capital and operational expenditure, than existing coal-fired electricity capacity. This means that, by 2030, the South African coal landscape will look "completely... 

Koeberg Unit 2 returns to service

By: Chanel de Bruyn     21st October 2020 Unit 2 of the Koeberg nuclear power station on October 21 successfully completed its twenty-fourth outage since it first started to generate electricity. The unit is synchronised onto the electricity grid and will load up to full capacity by next week, power utility Eskom reports. 

Phola communities allowed to intervene in Thabong, South32 coal merger; SAEF's application dismissed

By: Simone Liedtke     21st October 2020 The Competition Tribunal has dismissed the South African Energy Forum’s (SAEF’s) application to intervene in proceedings regarding the proposed large merger between Thabong Coal and South32 South Africa Coal Holdings (South African Energy Coal or SAEC). 

Rand Water's Eikenhof pumping station unable to operate amid power outage

By: Creamer Media Reporter      21st October 2020 Water utility Rand Water says its Eikenhof pumping station has not been operating since early on October 21 as a result of an unplanned electricity outage. "Rand Water’s reservoir levels that receive water supply from the Eikenhof pumping station are now at significantly reduced levels. 

Work on Central and Mabopane rail lines delayed by a year, says PRASA

By: African News Agency      21st October 2020 It will take another year for the Passenger Rail Agency of South Africa (PRASA) to restore limited electrical service on the main rail lines servicing Cape Town and Johannesburg, the entity conceded in Parliament on Wednesday. "We are now looking at the end of October or November next year to... 

Aberdare reaffirms commitment to competitive behaviour

By: Marleny Arnoldi     21st October 2020 Aberdare Cables has reaffirmed its stance against anticompetitive behaviour in the manufacturing industry, including power cable manufacturing, saying it is an inhibitor to growth and needs to be addressed assertively by all stakeholders. The cable manufacturer views collusive tendering, price... 

Aberdare reaffirms commitment to competitive behaviour

Iata reports African air travel recovery weaker and slower than previously expected

By: Rebecca Campbell     21st October 2020 The International Air Transport Association (Iata), the global representative body of the airline industry, has had to downgrade its passenger traffic forecast for Africa for this year. This is because the recovery of the African aviation sector has been weaker than expected. The association now... 

Law to overhaul corruption-prone public procurement still some way off 

By: Terence Creamer     21st October 2020 The National Treasury is preparing sweeping legislative changes to the way procurement, which has become highly prone to corruption, is undertaken by public entities, including State-owned companies. It has indicated, however, that the new legal framework is likely to be passed by Parliament only... 

Law to overhaul corruption-prone public procurement still some way off

Denel warns of big funding gap for key capabilities 

By: Reuters     21st October 2020 South African state arms firm Denel said on Wednesday it faced a funding gap of around R2.75-billion over the next five years for key capabilities. Denel, which makes military equipment for South Africa's armed forces and export, is in the grips of a liquidity crisis aggravated by the coronavirus... 

Nasa reports that one of its spacecraft has collected a sample from an ancient asteroid

By: Rebecca Campbell     21st October 2020 The US National Aeronautics and Space Agency (Nasa) has announced that its OSIRIS-REx spaceprobe has quite literally touched an asteroid. OSIRIS-REx is an acronym for Origins, Spectral Interpretation, Resource Identification, Security, Regolith Explorer. Its mission is to collect dust and pebbles... 

Nasa reports that one of its spacecraft has collected a sample from an ancient asteroid
Photo by Nasa
Artist’s impression of OSIRIS-REx, with TAGSAM arm extended, about to conduct its touch-and-go with asteroid Bennu

Sustainable shipping possible through platinum, fuel cells − WPIC

By: Simone Liedtke     21st October 2020 Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has... 

Troye, Citrix helping local companies build digital workplaces

By: Schalk Burger     21st October 2020 Managed information technology (IT) services firm Troye is, through its partnership with digital workspace, networking and analytics multinational Citrix, helping customers build digital workplaces on Amazon Web Services (AWS). This enables end-users to work securely on virtually any device from... 

Cape Town lifts water restrictions

By: Natasha Odendaal     21st October 2020 The City of Cape Town has lifted its strict water restrictions after several years of drought conditions and a close call with a “day zero” scenario where the taps could have run dry. Now the dams are 100% full and providing the city with water. 

Used-car market recovering faster than new-car sales, says Toyota 

By: Irma Venter     21st October 2020 Pre-owned-vehicle sales are recovering faster than new-vehicle sales, says Toyota South Africa Motors (TSAM). The local arm of the Japanese manufacturer believes the domestic new-vehicle market is going to remain subdued for the remainder of the year owing to the impact of Covid-19 on the local... 

Used-car market recovering faster than new-car sales, says Toyota

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