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South Africa’s electricity woes continue to place manufacturing at risk 

By: Terence Creamer     19th October 2021 The lack of reliable electricity supply is not only leading to lost production and increased costs across South Africa’s shrinking manufacturing sector, but has left enterprises unable to plan, invest and grow, Manufacturing Circle executive director Philippa Rodseth warned on Tuesday. Speaking... 

Photo of power lines

Nersa yet to decide if it will oppose Eskom’s MYPD5 court application 

By: Terence Creamer     19th October 2021 The National Energy Regulator of South Africa (Nersa) has confirmed the receipt of Eskom’s High Court application, through which the utility is seeking to have the regulator’s decision to reject its fifth multiyear price determination (MYPD5) revenue application reviewed and set aside. However,... 

Photo of the Nersa logo

Seifsa urges members to implement final offer for employees

By: Marleny Arnoldi     Updated 7 hours ago The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has strongly suggested that affiliated member companies start implementing a new, final wage offer proposed by the federation earlier this week. Seifsa decided to endorse an improved offer to metalworker unions, in... 

Numsa strike

Energy transition holds greatest promise for growth, job creation and development 

By: Schalk Burger     Updated 6 hours ago A transition away from fossil fuel-based electricity to renewable-based electricity in South Africa can contribute significantly to job creation, growth and increased availability of electricity to support other commercial activities, four investment and energy specialists noted during a... 

Airports company reports massive impact of Covid-19 on its 2020/21 results

By: Rebecca Campbell     19th October 2021 State-owned Airports Company South Africa (Acsa) reported on Tuesday its financial results for the 2020/21 financial year (which ended on March 31). It stated that the impact on aviation and tourism of the Covid-19 pandemic during that period had been “devastating”. The company had, for only the... 

Tiger Brands’ A2X listing approved, trading to commence on October 26

By: Donna Slater     19th October 2021 JSE-listed South African packaged goods company Tiger Brands reports that the A2X has approved its secondary listing, with its ordinary shares to start trading on A2X from October 26. Tiger Brands will retain its primary listing on the JSE and its issued share capital will be unaffected by the... 

S&P comments on ‘slightly weaker’ outlook for Sasol

By: Simone Liedtke     Updated 7 hours ago Improvements in petrochemicals company Sasol’s leverage and credit metrics has led to S&P Global Ratings adjusting its outlook on the business profile as “slightly weaker” owing to having underperformed against the agency’s expectations. While this poorer-than-expected performance is largely... 

New chairperson appointed at Isuzu Motors South Africa

By: Irma Venter     19th October 2021 Naohiro Yamaguchi has been appointed as the new chairperson of Isuzu Motors South Africa (IMSAf). Yamaguchi has held various leadership roles throughout his 35 years with the Japanese vehicle manufacturer.  

Image of Naohiro Yamaguchi Isuzu Motors South Africa (IMSAf) chairperson
Naohiro Yamaguchi 

CMH posts solid interim financial performance

By: Tasneem Bulbulia     19th October 2021 JSE-listed Combined Motor Holdings (CMH) says it achieved a sound all-round financial performance for the six months ended August 31. Its income statement saw an improvement on all levels – revenue, margins, expenses and interest. 

Hatch Africa chairperson awarded Royal Academy of Engineering honorary fellowship

By: Donna Slater     19th October 2021 UK-based national academy of engineering the Royal Academy of Engineering has named engineering consultancy Hatch Africa chairperson Trueman Goba an honorary fellow of the academy, recognising him for his “exceptional” contributions, innovative leadership and remarkable achievements. Goba, who... 

An image of Hatch Africa chairperson Trueman Goba
Hatch Africa chairperson Trueman Goba

SANEDI highlights building energy performance ahead of COP26

By: Tasneem Bulbulia     19th October 2021 As the world prepares for the twenty-sixth Conference of the Parties (COP26) next month, measures to minimise greenhouse gas emissions are in the spotlight, with industry organisation the South African National Energy Development Institute (SANEDI) placing emphasis on the decarbonisation of... 

Construction company agrees to pay fine, but denies it contravened Competition Act

By: Marleny Arnoldi     Updated 6 hours ago A Gauteng-based construction and electrical civils company called Maziya General Services has agreed to pay a R300 000 penalty for allegedly colluding on a City Power tender in June 2018. The tender related to the appointment of labour contractors for the installation and maintenance of medium-... 

South Atlantic Cable System reports surging traffic

By: Natasha Odendaal     19th October 2021 The South Atlantic Cable System (SACS) has reported significant ten-fold increase in traffic since September 2018, when the 6 156 km intercontinental subsea cable went live, nearly halving latency between Africa and the Americas and opening an express digital connection to accelerate digital and... 

Liquid launches new Asia-US global Internet transit route through Africa

By: Creamer Media Reporter      19th October 2021 Pan-African technology group Liquid Intelligent Technologies has launched its shortest terrestrial fibre route from the east to the west coasts of Africa, connecting Mombasa, in Kenya, to Muanda, in the Democratic Republic of Congo. The completion of this route establishes a new global Internet... 

Rolls-Royce, Boeing & World Energy further demonstrate the viability of green aviation fuel

By: Rebecca Campbell     Updated 6 hours ago UK-based industrial technology group and renowned aeroengine manufacturer Rolls-Royce announced on Tuesday that it had successfully test flown one of its Trent 1000 turbofan engines, using only 100% sustainable aviation fuel (SAF). The test flight was conducted in the US, with the assistance of... 

Brazilian and Dutch aerospace companies sign memorandum to allow cooperation

By: Rebecca Campbell     19th October 2021 Brazil-based major aerospace and defence group Embraer has signed a Memorandum of Understanding (MoU) with two Netherlands-based aviation companies – maintenance, repair, overhaul and upgrade company Fokker Services and complex engineering, aircraft completion, conversion, refurbishment and... 

Ascendis' share price rises

By: Creamer Media Reporter      Updated 6 hours ago JSE-listed Ascendis Health's share price rose by more than 23% on October 19. On the same day, the company issued an update on proposed plans to dispose of its Ascendis Pharma business segment. 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     Updated 6 hours ago The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Africa calls for climate finance tracker after donors fall short

By: Reuters     19th October 2021 African countries want a new system to track funding from wealthy nations that are failing to meet a $100-billion annual target to help the developing world tackle climate change, Africa's lead climate negotiator said. The demand highlights tensions ahead of the COP26 climate summit between the... 

MTN, Vodacom join Telkom in temporary spectrum lawsuit

By: Reuters     19th October 2021 South Africa's two biggest mobile operators, MTN and Vodacom, have joined number three Telkom in a lawsuit to stop the regulator withdrawing temporary frequency spectrum assigned at the start of the COVID-19 outbreak. The temporary spectrum allowed the operators to deliver faster connectivity to... 

Transnet restores some operations at Richards Bay after fire

By: Reuters     19th October 2021 South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others. Richards Bay Bulk Terminal, Africa's largest coal... 

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

‘Optimistic outlook’ for Volvo to start electric truck sales in South Africa in 2024 

By: Irma Venter     18th October 2021 Volvo Trucks South Africa (SA) should start the local testing of electric trucks within the next two years, says Volvo Trucks SA product support senior manager Erica Parry. “Sales will be determined by various factors but, most importantly, the investment and availability of charging facilities... 

Image of a Volvo electric truck

Mchunu, Zikalala call for improved water conservation in KwaZulu-Natal

By: Yvonne Silaule     18th October 2021 Water and Sanitation Minister Senzo Mchunu and KwaZulu-Natal Premier Sihle Zikalala have called on residents in the province to improve their water conservation measures amid marginal dam level increases in the province. On a Ministerial visit to assess the state of water and sanitation related... 

Healthcare products distributor agrees to fine, but denies having contravened the Competition Act

By: Schalk Burger     18th October 2021 A Western Cape-based distributor of healthcare products has agreed to pay a penalty of R20 000 for allegedly colluding on a provincial Health Department tender that related to the supply of diagnostic sets to hospitals and health institutions under the Western Cape Department’s control, including... 

Trade activity recovering at moderate pace but remains below neutral level

By: Schalk Burger     18th October 2021 The South African Chamber of Commerce and Industry (Sacci) says the momentum in trade conditions that was temporarily interrupted in July appears to be recovering, although at a moderate pace, and the Trade Activity Index (TAI) remained in negative territory at 39 points for September. After... 

Sappi, WWF team up to improve uMkhomazi catchment water security

By: Natasha Odendaal     18th October 2021 Sappi and the World Wide Fund for Nature South Africa (WWF-SA) are working together to improve water security in the uMkhomazi catchment area, in KwaZulu-Natal. Under a two-year water stewardship agreement, the duo will engage local communities, civil organisations, leadership and regulatory... 

Inquiry into 2018 Rheinmetall Denel fatal incident to resume on October 19

By: Schalk Burger     18th October 2021 The Department of Employment and Labour's (DEL's) inquiry into the events that led to a fatal incident at Rheinmetall Denel Munition's facility in Macasser, in the Western Cape, in 2018, is set to resume from October 19 to 22. This is the second sitting since the 2018 explosion at the munitions... 

'Catastrophic' fuel price hike on the cards, AA warns

By: News24Wire      18th October 2021 A "catastrophic" fuel price hike is on the cards for November, the Automobile Association (AA) has warned. Based on its calculations, R20 per litre for petrol was "realistic" before the end of the year, it said in a statement on its website on Monday. 

Petrol Pump

Wind sector manifesto sets out eight steps for govts to reach climate goals

By: Marleny Arnoldi     18th October 2021 The global wind energy sector has released a manifesto calling on governments to get serious about the energy transition and to work with the private sector to rapidly scale up wind and renewable energy installations. The 90 wind energy companies and associations that contributed to the... 

ConCourt upholds Competition Commission’s appeal in hospital merger

By: Donna Slater     18th October 2021 The Competition Commission has welcomed a landmark judgment by the Constitutional Court (ConCourt), on October 15, upholding the commission’s appeal against a decision by the Competition Appeal Court (CAC) and setting aside the CAC’s decision in a matter concerning a merger between Mediclinic... 

Seifsa proposes new wage offer amid violent strike action

By: Marleny Arnoldi     18th October 2021 After taking stock of the extent to which violence and intimidation has occurred amid striking metals union workers for the last ten days, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has decided to endorse an improved offer to settle. The strike follows a... 

Numsa strike

Where a $5bn green incentive runs into politics of coal

By: Bloomberg     18th October 2021 The world’s richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal. While $5-billion of cheap loans and grants are on offer as a first step, transforming Africa’s most industrialized economy demands more than cash.... 

An image of the coalyard at the Majuba power station

GE donation will provide 20 000 people with one daily meal for 12 months

By: Thabi Madiba     18th October 2021 In marking World Food Day on 16 October, The GE Foundation announced a $100 000 donation that will provide immediate relief to South African communities experiencing food insecurity. The donation will fund FoodForward SA and help to provide more than 20 000 people with one meal a day for a year... 

Image of vegetables

Tlou signs PPA with Botswana government

By: Marleny Arnoldi     18th October 2021 Dual-listed Tlou Energy expects to sign a 10 MW power purchase agreement (PPA) with State-owned Botswana Power Corporation, for power generated at Tlou’s Lesedi project. Tlou plans to develop gas, solar and hydrogen power generation assets at Lesedi, with electricity to be sold into the local... 

South African energy sector the most carbon intensive of G20 nations

By: Schalk Burger     18th October 2021 South Africa’s energy sector has the highest carbon-intensity of the Group of 20 (G20) nations owing to its heavy reliance on coal, according to the latest assessment by Climate Transparency International. In 2020, three-quarters (74%) of South Africa’s total primary energy supply was derived... 

Cape Town fights alien trees threatening its water supply, biodiversity

By: Reuters     18th October 2021 In South Africa's Franschhoek mountains a helicopter drops off abseilers to cut down invasive pine trees that are choking off water supplies to millions of Cape Town residents already facing climate change-induced shortages. The crews are there to help to remove 54,000 hectares of alien trees by... 

Thungela lowers production guidance owing to deteriorating rail performance  

By: Tasneem Bulbulia     18th October 2021 JSE-listed coal exporter Thungela Resources says that, following an initial recovery in the performance of Transnet Freight Rail (TFR) subsequent to the yearly maintenance shutdown in July, rail performance has continued to deteriorate in the second half of the year. Thungela consequently... 

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