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CSIR, DSI and NRF establish smart mobility research chair 

By: Irma Venter     Updated 48 minutes ago The Council for Scientific and Industrial Research (CSIR), the Department of Science and Innovation (DSI) and the National Research Foundation (NRF) have jointly established a research chair in smart mobility, the first of its kind in South Africa.  Professor Marianne Vanderschuren, an expert in... 

Image of the CSIR logo

Audi rolls out ultrafast 150 kW EV charging network in South Africa

By: Irma Venter     Updated 45 minutes ago Audi South Africa (SA) is partnering with GridCars to install ultrafast electric vehicle (EV) charging stations across the country. In doing this, the local arm of the German car maker says it will become the first EV brand to invest in this technology at publicly accessible sites.  

Image of an Audi e-tron charging

Global FDI strongly rebounded in 2021 – Unctad

By: Marleny Arnoldi     Updated 3 hours ago Global foreign direct investment (FDI) flows showed a strong rebound in 2021 with growth of 77% to an estimated $1.65-trillion, compared with $929-billion in 2020, reports United Nations Conference on Trade and Development (Unctad). Investment flows not only recovered but surpassed the... 

US dollar

Godongwana to table 'inaugural' budget on 23 February

By: News24Wire      Updated 1 hour 10 minutes ago Finance Minister Enoch Godongwana will table the national budget on 23 February, 2022. The ministry of finance on Thursday issued an advisory - highlighting that this would be the minister's "inaugural" speech. 

Finance Minister Enoch Godongwana
Finance Minister Enoch Godongwana

Rain blamed for Phelophepa II Healthcare Train derailment

By: Darren Parker     Updated 5 hours ago Seven coaches of the Phelophepa II Healthcare Train derailed near Adelaide, in the Eastern Cape, at about 18:05 on January 19. State-owned rail operator Transnet’s corporate social investment arm Transnet Foundation health portfolio senior manager Shamona Kandia tells Engineering News that the... 

A photo of one of the Phelophepa Healthcare Trains
The Phelophepa Healthcare Trains provide health services across South Africa

DWS concerned about possible liquid gas chlorine shortages that could affect water supply

By: Creamer Media Reporter      Updated 17 minutes ago The Department of Water and Sanitation (DWS) is monitoring a potential supply shortage of liquid gas chlorine, which could impact the treatment of potable water and effluent water managed by water service authorities (WSA’s), metropolitans and water boards. “The DWS is aware of the incident... 

Save the Vaal Environment says Emfuleni wastewater treatment system remains dysfunctional

By: Creamer Media Reporter      Updated 54 minutes ago Save the Vaal Environment (Save) said that none of the three Emfuleni wastewater treatment plants are meeting the requirements of their waste water licences and stated that the impression that the Sedibeng Sewage Scheme is on track is erroneous. “The existing Emfuleni wastewater treatment system... 

Busa asks Mbalula to review regulations preventing road transport of high-cube containers

By: Donna Slater     Updated 4 hours ago Business Unity South Africa (Busa) is requesting Transport Minister Fikile Mbalula to urgently review applicable regulations that make it illegal to transport high-cube shipping containers on South African roads. High-cube containers are the same length (12.19 m) and width (2.44 m) as a standard... 

Consultancy releases comprehensive map of Southern Africa Power Pool

By: Marleny Arnoldi     Updated 1 hour 8 minutes ago Consultancy AmaranthCX has published a new electronic map of the electricity infrastructure in countries that are part of the Southern Africa Power Pool (SAPP) for use with Google Earth or Google Maps. The map geolocates 317 operating power stations across the 11 member countries of SAPP, as... 

South Africa declares national disaster after rain, flood damage

By: Bloomberg     Updated 5 hours ago South Africa has declared a national disaster after torrential rains in several parts of the country resulted in deaths, flooding and damage to property and infrastructure, according to a notice in the Government Gazette. Declaring a national disaster lays the basis for financial and humanitarian... 

Water drops on a window

North West establishes committee to deal with national disaster bought on by recent floods

By: Yvonne Silaule     Updated 3 hours ago The North West MEC for Cooperative Governance, Human Settlements and Traditional Affairs Lenah Miga will lead a committee, established by North West Premier Bushy Maape, to develop a response plan to deal with the disaster brought on by the recent floods across the province. Miga made the... 

Vaal dam water levels improve

By: Natasha Odendaal     Updated 6 hours ago The water levels of the Vaal dam have improved 3.3%, reaching 110.5% as rainfall continues inland. The latest information released by the Department of Water and Sanitation shows that, last week, the dam stood at 105.4%, while last year at the same time it was at 71.4%. 

African carrier has world’s youngest airliner fleet

By: Rebecca Campbell     Updated 1 hour 41 minutes ago International airline intelligence, data and news company ch-aviation has announced that Uganda Airlines has been identified as the operator of the youngest airliner fleet in the world, for the second year in succession. The African carrier’s fleet has an average age of just 1.95 years. “The... 

5G, integration key to unlocking South African technology value

By: Schalk Burger     Updated 4 hours ago Most South African companies, 80%, are adopting digital technologies and 78% plan to invest in fifth generation- (5G-) enabled campus networks. However, 65% of executives perceive tremendous challenges in navigating the network and digital technology integration complexity, extracting return on... 

South African growth projected at 2% this year; inflation, employment to remain a challenge

By: Schalk Burger     Updated 16 minutes ago The research team of financial services firm Nedbank has predicted that South Africa's economy will grow by 2% this year, although the recovery will be uneven for industries. In addition, load-shedding more severe than Stages 1 and 2 could reduce growth by 20 basis points, it cautions. 

Early copper/zinc production investigations under way at Orion’s Prieska  

By: Martin Creamer     20th January 2022 The executive team of Orion Minerals is re-evaluating the development schedule of the Prieska copper-zinc project to assess the potential for its fast-tracking. Also flagged is the opportunity to extract pillars left by historic mining. 

Orion CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video Editing: Darlene Creamer

Eskom says some industrial customers require ‘urgent’ assistance, but urges targeted subsidies 

By: Terence Creamer     19th January 2022 Eskom has acknowledged that urgent interventions are needed to assist certain large industrial customers, some of which are competing with international companies whose electricity is subsidised, to navigate the transition to cost-reflective electricity tariffs. In a presentation on the third day... 

Eskom CFO Calib Cassim at a previous Nersa hearing
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim at a previous Nersa hearing

DoT, PRASA rehabilitating, reopening Mabopane rail commuter line

By: Schalk Burger     19th January 2022 The Department of Transport (DoT) and the Passenger Rail Agency of South Africa (PRASA) are making progress with the R1.4-billion programme to upgrade infrastructure and implement refurbishments to reopen the Mabopane Corridor, with Pienaarspoort to Pretoria and Mabopane to Pretoria services... 

Wine exports make healthy recovery in 2021

By: Donna Slater     19th January 2022 Despite being negatively impacted by a series of local alcohol sales bans, global freight and localised port issues and a shortage of glass and packaging materials, export volumes of South African wine recovered to a healthier volume of 388-million litres, while the total value of local exports... 

Coca-Cola Africa to leverage sparkling drinks strength to expand in other drinks categories

By: Schalk Burger     19th January 2022 Sub-Saharan African bottling subsidiary Coca-Cola Beverages Africa (CCBA) has said its strategy is to secure organic growth in the 14 markets it serves by leveraging its market share of sparkling drinks to expand in adjacent product categories and its ability to invest to support its strategy to... 

Modern disruptions priming chemicals industry for new way of doing business – Chieta

By: Donna Slater     19th January 2022 Despite the chemicals industry being the fifth hardest-hit industry globally as a result of supply chain challenges, oil price fluctuations and deglobalisation, the disruption has “primed” the industry for new business models, new partnerships and a new approach to problem-solving, says Chemical... 

an image of Chieta CEO Yershen Pillay
Chieta CEO Yershen Pillay

Bridging ICT infrastructure gap critical, requires innovative funding

By: Tasneem Bulbulia     19th January 2022 Creative new investment solutions are required to fund information and communications technology (ICT) infrastructure that can accelerate the rollout of fast, unlimited Internet and provide low-income households with access to quality affordable data that can bridge the digital divide, Old Mutual... 

Ramaphosa, billionaire Soon-Shiong open NantSA vaccine production campus in Cape Town 

By: Irma Venter     19th January 2022 The NantSA vaccine manufacturing campus at Brackengate, in Cape Town, could soon produce its first Covid-19 vaccine, says NantWorks founder and CEO Dr Patrick Soon-Shiong. President Cyril Ramaphosa and Soon-Shiong on Wednesday officially opened the NantSA facility. 

Image of South African President Cyril Ramaphosa and Dr Patrick Soon-Shiong cut the ribbon on the NantSA facility
President Cyril Ramaphosa and Dr Patrick Soon-Shiong cut the ribbon on the NantSA facility

Accelerated business transformation to drive M&A in 2022

By: Tasneem Bulbulia     19th January 2022 International law firm Herbert Smith Freehills’s (HSF’s) 2022 M&A report, its fifth yearly edition, confirms record global levels of mergers and acquisition (M&A) activity in 2021, and identifies continued drivers for strong activity this year. According to the HSF Global M&A head Gavin Davies,... 

BLSA accepts Bain’s membership withdrawal

By: Donna Slater     19th January 2022 Business Leadership South Africa (BLSA) has accepted consulting firm Bain’s decision to withdraw from the organisation. BLSA has been criticised for recently re-accepting Bain to its membership after the firm's part in the so-called restructuring of the South African Revenue Service (Sars) to... 

Aarto still enforced until court judgment – Roads Agency 

By: Thabi Madiba     19th January 2022 The Road Traffic Infringement Agency informed road users on Wednesday that the provisions under the Administrative Adjudication of the Road Traffic Offences Act are still enforceable until the Constitutional Court makes a judgment on the expected appeal. Last week, the Gauteng High Court in... 

Iata reports that last year’s third quarter saw easing financial pressures on airlines

By: Rebecca Campbell     19th January 2022 Pressure on the operating profitability of the world’s airlines lessened during the third quarter of last year (Q3 2021), the International Air Transport Association (Iata) reported in its latest Airlines Financial Monitor. However, jet fuel prices increased. The improvement in operating... 

French Navy patrol ship visiting Durban

By: Rebecca Campbell     19th January 2022 The French Navy offshore patrol vessel Champlain is currently in Durban harbour, the French Embassy in Pretoria has reported. The ship arrived on Monday and will sail on Friday. The vessel is based in the French overseas island territory of La Réunion (which is legally and constitutionally an... 

The B2M patrol ship Champlain
Photo by French navy
The B2M patrol ship Champlain

Attacq progresses Waterfall developments  

19th January 2022 Real estate investment trust Attacq is continuing to develop Waterfall City, its mixed-used development in Midrand, into a smart, safe and sustainable city. Tasneem Bulbulia expands. 

Attacq progresses Waterfall developments

KZN has masterplan to drive developments around the Mkhuze Airport

By: Yvonne Silaule     19th January 2022 KwaZulu-Natal has a masterplan in place to drive developments around the Mkhuze Airport, which is undergoing a R72-million upgrade. During a visit to the airport this week, Premier Sihle Zikalala said that masterplan was expected to attract critical infrastructure investment in mixed-use... 

South African inflation nears top of central bank target range

By: Bloomberg     19th January 2022 South Africa’s inflation rate moved closer to the top of the central bank’s target range in December, highlighting the difficult choice between taming price growth and supporting a sluggish economy policy makers will face when deciding on interest rates next week. The annual inflation rate rose... 

NPA steps in as Optimum Coal Terminal interdict falls away

By: News24Wire      19th January 2022 The Johannesburg High Court has declined to grant a declaratory order sought by directors of the Gupta-linked Tegeta Exploration and Resources to prevent business rescue practitioners from progressing the rescue of Optimum Coal Terminal. The judgment, handed down on Tuesday, has, however,... 

30 heavily armed suspects kill Eskom security guard during cable theft incident

By: News24Wire      19th January 2022 An Eskom security officer has been shot dead in Soweto. Around 30 heavily armed suspects shot at the officer and six of his colleagues on Tuesday, 11 January during an alleged attempt to steal copper cable outside the Eskom Klipspruit Customer Network Centre (CNC) in Soweto. 

Tongaat defies small investors on R4bn rights issue

By: Bloomberg     19th January 2022 Tongaat Hulett won approval for a R4-billion rights issue to help keep the South African sugar maker afloat, in defiance of small investors who said the move hands too much power to a little-known new backer. The 132-year-old company secured the required support for the discounted fundraising... 

A generic image of sugar

SARB to hike rates by 25 bps to 4% on January 27 

By: Reuters     19th January 2022 South Africa's Reserve Bank (SARB) will raise interest rates to 4% on January 27 as it continues its hiking cycle amid a pick up in consumer price inflation, a Reuters poll found on Wednesday. Eighteen of 23 economists polled from January 12 to 18 said the central bank would add 25 basis points... 

South African Reserve Bank building

Mbalula hopes to launch digital driving licence renewal system in February

By: News24Wire      19th January 2022 The government says it intends to fix the controversial and unreliable driver's licence system by going digital. Transport Minister Fikile Mbalula has assured motorists that his department will soon launch a new digital licence renewal system. The department faces a huge backlog of drivers... 

Transport Minister Fikile Mbalula
Transport Minister Fikile Mbalula

Eskom sustains 20.5% request despite big updates to cost assumptions 

By: Terence Creamer     18th January 2022 State-owned electricity producer Eskom has submitted major updates to the cost assumptions included in its latest allowable revenue application but has nevertheless sustained its request for a 20.5% tariff hike for its upcoming 2022/23 financial year. In a presentation delivered on the second day... 

Eskom's OCGT power station at Atlantis in the Western Cape
Eskom requests more for diesel costs as it lowers EAF assumption for 2022/23 to only 62%

Investec to offer private bank clients solar-power financing

By: Bloomberg     18th January 2022 Investec plans to offer its private banking clients funding to install solar panels and battery storage systems in homes, bolstering its own green credentials and providing a power solution in a country regularly hit by electricity outages. The offering, which follows a pilot programme for 1 000... 

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