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Delaying emissions reduction will cost more down the line, climate commission director warns 

By: Terence Creamer     5th August 2021 Presidential Climate Commission executive director Dr Crispian Olver says delaying South Africa’s transition away from coal will only add to the final adjustment costs and will also place the domestic business sector at a competitive disadvantage as other countries implement measures to restrict... 

Photo of coal mining in the foreground with an Eskom power station in the background
Photo by Creamer Media
Coal mining in the foreground with an Eskom power station in the background

Enoch Godongwana appointed Finance Minister; water, human settlements Ministries to be split

By: Creamer Media Reporter      Updated 24 minutes ago In a long-awaited Cabinet reshuffle, President Cyril Ramaphosa on August 5 announced the appointment of Enoch Godongwana as Finance Minister. This follows the resignation of Tito Mboweni. 

An image of Enoch Godongwana, South Africa's new Finance Minister
Photo by Creamer Media
Enoch Godongwana

Group Five’s Everite sold in R600m deal 

By: Irma Venter     5th August 2021 Mauritian private investment entity Lonsa Group has acquired the majority shareholding in Everite, the industrial manufacturer of a range of building products for the commercial, industrial and residential markets. The R600-million deal includes Everite’s assets, businesses and companies,... 

Image of construction crane

Audi to launch six electric vehicle models in South Africa next year 

By: Irma Venter     Updated 7 hours ago Audi South Africa will go full throttle on electric vehicles (EVs) next year, when it plans to introduce six electric models across three different model ranges to the local market. The follows the announcement earlier this year by the German luxury brand that by 2026 every new Audi model... 

Image of a model in the Audi e-tron range
The Audi e-tron range will come to South Africa early next year

SIU investigations into IT tender irregularities at DWS welcomed

By: Creamer Media Reporter      Updated 7 hours ago Water and Sanitation Minister Lindiwe Sisulu has welcomed the Special Investigating Unit’s (SIU’s) announcement that it is ready to investigate alleged tender irregularities at the Department of Water and Sanitation (DWS) dating back to 2012. This follows President Cyril Ramaphosa’s signing of... 

Special Envoys on Investment express concern about civil unrest, investment confidence

By: Simone Liedtke     5th August 2021 President Cyril Ramaphosa’s Special Envoys on Investment have expressed their concern about the recent violence, destruction and loss of life in KwaZulu-Natal and parts of Gauteng. The investment envoys are Phumzile Langeni, Jeffrey Radebe, Derek Hanekom, Mcebisi Jonas, Trevor Manuel and Jacko... 

Sappi returns to profit in Q3 but expects $16m Ebitda impact from unrest for Q4

By: Chanel de Bruyn     5th August 2021 Pulp and paper producer Sappi has posted a profit of $18-million for the quarter ended June 30 – the third quarter of its 2021 financial year – compared with a loss of $73-million recorded in the third quarter of 2020. Earnings a share, excluding special items, were $0.05, compared with a loss a... 

Trading remains positive for Mondi as macroeconomic uncertainties remain

By: Simone Liedtke     Updated 7 hours ago While macroeconomic uncertainties remain, trading is positive for paper and packaging manufacturer Mondi, which expects to see the full impact of the price increases implemented to date and the continued contribution from its capital investment projects during the second half of this year. 

Mpact remains ‘firmly anchored’ in making a difference on the back of robust interim results 

By: Simone Liedtke     Updated 7 hours ago South African paper and packaging business and recycler Mpact remains “firmly anchored” in its purpose of making a difference by providing customers with sustainable packaging and giving effect to the circular economy through its integrated business model. CEO Bruce Strong said on August 5 that... 

Mpact's Bruce Strong and Brett Clark give Engineering News some more insight on the company's results, and some external factors that had an impact. Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Afrimat unpacks how its recent acquisitions are settling in

By: Marleny Arnoldi     Updated 6 hours ago JSE-listed midtier miner Afrimat on August 5, during an investor day, outlined its expectations on when its latest acquisitions will start contributing to the group’s results, as well as how the company will go about driving growth going forward. Most of the acquisition activity in the... 

Afrimat's Cape Lime operation in Vredendal
Afrimat's Cape Lime operation in Vredendal

Nafcoc appeals to Creecy to reconsider Karpowership South Africa’s EIAs

By: Simone Liedtke     Updated 5 hours ago The National African Federated Chamber of Commerce and Industry (Nafcoc) is appealing to the Department of Forestry, Fisheries and the Environment (DFFE) to reconsider its rejection of the Karpowership South Africa's (SA's) environmental-impact assessment (EIA) applications. The EIAs were... 

Enel contributing to South Africa’s renewable energy industry, communities

By: Tasneem Bulbulia     Updated 6 hours ago Renewable energy company Enel Green Power (EGP) South Africa is contributing to the country’s renewable energy industry, as well as undertaking various initiatives to uplift communities locally, speakers said during a virtual media roundtable hosted by the company on August 5. EGP has 12 wind and... 

PwC report highlights need for increased focus on diversity, inclusion and ESG

By: Donna Slater     Updated 6 hours ago Professional services firm PwC’s ‘Executive directors’ practices and remuneration trends’ report, released on August 5, finds that companies’ journeys to what it says is “fair pay” requires them to embrace inclusivity and diversity, as well as an internal culture of belonging. In defining what... 

DTIC spokesperson Sidwell Medupe passes away

By: Tasneem Bulbulia     Updated 6 hours ago The Department of Trade, Industry and Competition (DTIC) says its spokesperson Sidwell Medupe has died from Covid-19-related complications, at the age of 56. “I take this opportunity on behalf of the Deputy Ministers, the DTIC family and my family to offer our sincere condolences to his wife... 

EPP welcomes pets at its shopping centres

By: Simone Liedtke     Updated 7 hours ago JSE-listed retail landlord EPP is responding to the global rise in pet ownership and the needs of its pet-owning community by welcoming pets at the company’s shopping centres. Since the start of the Covid-19 pandemic, the world has seen a significant increase in the adoption of dogs and cats as... 

Pic of a Dog in one of EPP's shopping centres.

Sasol donates R10m to help rebuild businesses, communities affected by unrest

By: Creamer Media Reporter      5th August 2021 Energy and chemicals company Sasol has committed R10-million to help rebuild businesses and communities that have been devastated by the recent unrest in KwaZulu-Natal and Gauteng.  The funds were raised through corporate donation, employee giving mobilisation and small, medium-sized and... 

EOH to list on A2X

By: Creamer Media Reporter      5th August 2021 JSE-listed technology services company EOH has  been approved for secondary listing on A2X Markets and its ordinary shares will be available for trade from August 13. “EOH’s decision to list on A2X will give our shareholders access to an additional platform with lower transaction fees. This is in... 

Airlink to resume services to Nampula in Mozambique

By: Rebecca Campbell     Updated 5 hours ago South African private-sector regional airline Airlink announced on Thursday that it would restart its direct service between Johannesburg and Nampula in Mozambique. The service would recommence on September 16. Bookings had already been reopened for the route, which had been suspended in March... 

Sansa to host key office of Digital Earth Africa

By: Rebecca Campbell     5th August 2021 Earth observation data services and products organisation Digital Earth Africa signed an agreement on Thursday with the South African National Space Agency (Sansa), which will see the latter host the former’s Programme Management Office (PMO). Digital Earth Africa exists to provide partners... 

US helicopter company has released advanced vertical take-off aircraft design concepts

By: Rebecca Campbell     5th August 2021 Renowned US helicopter manufacturer Bell Textron this week unveiled design concepts for future high-speed vertical take-off and landing (HSVTOL) aircraft. These design concepts make use of technologies being developed by the company, which is part of the Textron group. HSVTOL technology would... 

An image of three HSVTOL design concepts
Photo by Bell Textron
Three HSVTOL design concepts

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     Updated 7 hours ago Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

South Africa's plans for COP26  

5th August 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about what South Africa is aiming to achieve at the upcoming COP26 climate negotiations, what a just transition could look like for South Africa and the main risks to achieving a successful just energy transition. 

South Africa's plans for COP26

Piracy surge in atlantic a boon for South African boat builder

By: Bloomberg     4th August 2021 A proliferation of pirate attacks in the Gulf of Guinea, an expanse of the Atlantic Ocean stretching from Senegal to Angola, is driving a security-boat building boom in South Africa. Paramount Maritime Holdings, a unit of Africa’s biggest privately owned arms-maker, Paramount Group, says it has... 

Iata statistics show Covid-19 affected its six regions differently

By: Rebecca Campbell     4th August 2021 In percentage terms, Africa suffered the third worse fall in air passenger numbers last year, the Iata World Air Transport Statistics document, published on Tuesday, has shown. Iata is the International Air Transport Association, the representative body of the global airline industry. African air... 

Iata statistics confirm depth of airline industry crisis last year

By: Rebecca Campbell     4th August 2021 The release on Tuesday of the International Air Transport Association’s (Iata’s) “Iata World Air Transport Statistics” report, covering 2020, has confirmed with hard data the depth of the crisis that afflicted the global aviation industry last year, as a result of the Covid-19 pandemic. (Iata is... 

South Africa establishes visa facilitation centres in 11 Chinese cities

By: Yvonne Silaule     4th August 2021 South Africa has established visa facilitation centres in 11 Chinese cities as part of measures to improve the ease of international travel to South Africa. The new measure is extended to business visitors holding diplomatic, official/services and ordinary passports, who apply for visas to visit... 

CDI Capital Growth Fund zooms in on e-commerce, digital services SMMEs

By: Marleny Arnoldi     4th August 2021 The CDI Capital Growth Fund has turned its focus to small businesses involved in e-commerce and digital services, which the impact funder believes is a sector that has proved resilient throughout recent shocks to the economy and can help create jobs going forward. The funder is encouraging... 

African executives optimistic about growth despite pandemic, challenges  

By: Tasneem Bulbulia     4th August 2021 Despite the global pandemic and its impacts, Africa’s C-suite executives are optimistic about business growth this year, international audit, tax and advisory firm Mazars’s ‘2020 C-suite Barometer’ finds. In early 2020, Mazars decided to initiate the new barometer to assess the views of C-suite... 

Mazars South Africa Co-CEOs Anoop Ninan and Michelle Olckers outline some of the key findings from Mazars’s 2020 C-suite Barometer for Africa and South Africa.

RBPlat CEO Steve Phiri sees PGMs market remaining strong   

By: Martin Creamer     4th August 2021 Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri sees the market for platinum group metals (PGMs) remaining strong for many years to come. In a Zoom interview with Mining Weekly following the JSE-listed PGM mining company’s presentation of outstanding record financial results, Phiri outlined the... 

Royal Bafokeng Platinum CEO Steve Phiri interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Caltex service stations to be rebranded as Astron Energy

By: Donna Slater     4th August 2021 All Caltex-branded service stations in South Africa and Botswana will be rebranded as Astron Energy. Astron owns South Africa’s second largest petroleum network and there are over 850 Caltex-branded service stations in South Africa and Botswana.  

An image of a Caltex garage

DBSA calls for proposals for Embedded Generation Investment Programme  

By: Tasneem Bulbulia     4th August 2021 Development finance institution the Development Bank of Southern Africa (DBSA) is inviting all private sector entities and energy developers to submit proposals in response to South Africa’s Embedded Generation Investment Programme (EGIP). The EGIP seeks to provide first loss facilities and... 

An image showing solar panels being cleaned at a power station in New Delhi
Photo by Bloomberg
Solar panels

City Power clamps down on illegal connections

By: Marleny Arnoldi     4th August 2021 Johannesburg utility City Power plans to impose steep fines on those who connect to the Johannesburg power grid illegally, in efforts to recoup non-technical losses that amount to about R2-billion a year. The move also follows the fatal electrocution of two people in Crosby, during which City... 

Board gives go-ahead for Daimler split, SA to follow 

By: Irma Venter     4th August 2021 The management board and supervisory board of German car and truck maker Daimler have given the go-ahead for the group to split in two: Mercedes-Benz Group and Daimler Truck. Daimler shareholders are set to decide on the company realignment at an extraordinary general meeting on October 1. 

Image of the Mercedes-Benz three-pointed star

Business seeks to nudge localisation debate beyond import substitution 

By: Terence Creamer     4th August 2021 Business is aiming to progress ongoing negotiations on the use of local-content regulations to revive manufacturing in South Africa beyond calls for blanket import substitution by identifying specific products or sectors where the country has the competitive advantages in place to increase... 

A photo of a worker welding

Telkom appoints Serame Taukobong as group CEO designate

By: Natasha Odendaal     4th August 2021 Telecommunications group Telkom has appointed Serame Taukobong as group CEO designate with effect from October 1, 2021. “Taukobong is a seasoned executive, with deep experience in the information and communication technology sector in South Africa and the continent,” said Telkom chairperson Sello... 

Ford South Africa appoints Yota Baron as new CFO 

By: Irma Venter     4th August 2021 Yota Baron has been appointed as the new CFO for Ford South Africa. She previously served as CFO for direct markets within the Ford International Markets group. 

A photo of Yota Baron, Ford SA CFO
Yota Baron

Africa needs to spend $15.7bn on refineries to curb emissions

By: Bloomberg     4th August 2021 African nations need to spend about $15.7-billion on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges, according to an industry lobby group. Governments on the continent should focus on reducing sulfur levels in petroleum products because... 

South African factory activity shrinks on unrest, Covid-19 restrictions - PMI

By: Reuters     4th August 2021 South African private sector activity fell at its fastest rate in ten months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) fell to 46.1... 

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