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Hulamin expects to return to profitability in the second half of this year 

By: Tasneem Bulbulia     21st September 2020 Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost... 

Hulamin expects to return to profitability in the second half of this year
Richard Jacob

BLSA’s Mavuso calls for urgency in implementation of economic recovery plan 

By: Simone Liedtke     21st September 2020 South Africa’s move to Alert Level 1 in the Covid-19-induced lockdown is “the right one”, as this means that more of the economy can function, and “more people can get back to work”, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. In her weekly newsletter on September 21, Mavuso... 

Comair’s business rescue plan has been approved 

By: Rebecca Campbell     21st September 2020 The proposed business rescue plan for private sector airline group Comair was approved by a decisive majority on Friday. Comair operates the British Airways in South Africa and Kulula low cost carrier brands. The preferred investment consortium for the group is composed of several former members... 

UIF TERS payments to resume

By: Simone Liedtke     21st September 2020 The Unemployment Insurance Fund (UIF) is set to resume its Covid-19 Temporary Employee Relief Scheme (TERS) benefits payments on September 21. UIF acting commissioning Marsha Bronkhorst said a payment plan would be run for all outstanding payments for April, May and June over September 21 and 22,... 

Opinion: National Infrastructure Plan 2045 must encourage hybridity to attain financing

21st September 2020 In this opinion piece, Nelson Mandela University Infrastructure Development & Engagement Unit associate Bongani Mankewu writes that a move from government to governance is needed for infrastructure to be catalytic to economic growth. The South African government adopted a National Infrastructure... 

Opinion: National Infrastructure Plan 2045 must encourage hybridity to attain financing
Bongani Mankewu

SAPVIA, SAWEA partner to assist local renewables project developers

By: Donna Slater     21st September 2020 Renewable energy lobby organisations the South African Photovoltaic Industry Association (SAPVIA) and the South African Wind Energy Association (SAWEA) have joined forces with the Independent Power Producers Office, REEFSA and the Black Energy Professionals Association to launch the Developing... 

Kangnas wind farm's main transformer energised

By: Donna Slater     21st September 2020 The main transformer of the 140 MW Kangnas wind farm, on the outskirts of Springbok, in the Northern Cape, was energised on September 21. The 250 MVA transformer was locally manufactured and was transported to site from Gauteng by road.  

TIPS Tracker: The economy and the pandemic

21st September 2020 Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. Since August 18, when the country moved to Level 2 of the lockdown, the number of cases has plateaued at... 

Astral Foods CEO hospitalised after motorcycle accident

By: Simone Liedtke     21st September 2020 Poultry producer Astral Foods CEO Chris Schutte has been hospitalised following a motorcycle accident in celebration of his upcoming sixtieth birthday. Schutte was airlifted to a medical facility, in George, where he is being stabilised and treated for multiple fractures after the accident on... 

Durban Container Terminal receives another eight straddle carriers

By: Donna Slater     21st September 2020 Another eight new electric straddle carriers have arrived at the Durban Container Terminal (DCT) Pier 2 fully assembled, completing the terminal’s order of 23 for the current calendar year. This followed the delivery of 13 of the electric straddle carriers in August.  

Nuclear organisations stage public demonstration

By: Rebecca Campbell     21st September 2020 Six organisations representing professionals in the country’s nuclear sector jointly staged a public demonstration in Pretoria on Saturday in support of nuclear technology and the expansion of the South African nuclear sector. The demonstration was carried out in full compliance with... 

Cape Town’s unfinished elevated freeway requires rethinking, says Amdec CEO

By: Tasneem Bulbulia     21st September 2020 Developer Amdec Group CEO James Wilson emphasises that it is imperative to reopen discussions around Cape Town’s unfinished elevated freeway. “Demolishing freeways in highly densified urban areas is a massive and costly undertaking.  It requires a clear vision, bold risk taking, and a re-ordering... 

Cape Town’s unfinished elevated freeway requires rethinking, says Amdec CEO
James Wilson

Economic pinch puts spotlight on green building

By: Simone Liedtke     21st September 2020 South Africa’s construction industry continues to suffer the effects of the national lockdown, a consequence of the Covid-19 pandemic. Unexpected delays and disruptions have resulted in increasing construction costs, which have had a knock-on effect for both developers and end-users, says student... 

Butler retires as Omnia director

By: Donna Slater     21st September 2020 Frank Butler will retire as director of chemicals company Omnia at the company’s annual general meeting on September 23. He has served on the board since September 2002 and is chairperson of the board's social, ethics and risk committee.  

Global chromium production impacted by Covid-19 outbreak, says ICDA

By: Schalk Burger     21st September 2020 Global chromium production impacted by Covid-19 outbreak, says ICDA Chromium production and consumption remained constrained during the second quarter of this year, in line with lockdown restrictions implemented in various countries, says the International Chromium Development Association (ICDA). 

South African steel sector requires investment, increased local procurement

By: Tasneem Bulbulia     21st September 2020 The global spread of Covid-19 has locked the local steel industry in a chokehold, further weakening the already distressed manufacturing sector, says steel manufacturing company Veer Steel Mills business strategy and projects manager Neil Reddy. “The synergy is such that the steel industry will... 

AngloGold reinstates guidance on growing certainty 

By: Martin Creamer     21st September 2020 Gold mining company AngloGold Ashanti on Monday reinstated annual guidance on improved operating certainty amid the Covid-19 pandemic and in anticipation of the conclusion of the sale of its South African assets at the end of this month. All conditions precedent have been met with respect to the... 

AngloGold reinstates guidance on growing certainty
AngloGold Ashanti acting CEO Christine Ramon

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. 

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... 

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... 

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... 

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... 

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... 

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... 

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

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... 

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

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

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

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... 

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.  

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

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... 

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

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.

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