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Regulator gears up to evaluate new discounted tariff deal for Hillside smelter 

By: Terence Creamer     11th May 2021 The National Energy Regulator of South Africa (Nersa) has invited stakeholder comment on a proposed 10-year negotiated pricing agreement (NPA) between Eskom and the Hillside aluminium smelter, in KwaZulu-Natal, which is owned by South32 and is Eskom’s largest single customer. The proposed NPA is... 

 Regulator gears up to evaluate new discounted tariff deal for Hillside smelter
The Hillside aluminium smelter

‘New normal’ of elevated renewables deployments outlined in new market update 

By: Terence Creamer     11th May 2021 The International Energy Agency (IEA) has revised upwards, by 25%, its forecasts for renewable-energy capacity additions for 2021 and 2022 relative to those published in November, arguing that the platform is now in place for a “new normal” of elevated levels of yearly deployments. In its... 

‘New normal’ of elevated renewables deployments outlined in new market update

Vehicle exports decline by R27bn; component exports reach new record 

By: Irma Venter     11th May 2021 The value of total automotive exports from South African declined by R26-billion, or 12.9%, from the record R201.7-billion reported in 2019, to R175.7-billion in 2020.  This is according to the Automotive Industry Export Council’s newly released 2021 Automotive Export Manual. 

Vehicle exports decline by R27bn; component exports reach new record
Norman Lamprecht

Transformation of SEZs into truly special zones key to their success – CDE 

By: Donna Slater     Updated 7 hours ago In a new report, the Centre for Development and Enterprise (CDE) is calling on government to change or adapt special economic zones (SEZs) into areas that are “actually and truly special”, offering a modified labour market regime to attract companies and investment. CDE executive director Ann... 

Zikalala launches a R1.5bn logistics facility

By: Yvonne Silaule     Updated 6 hours ago KwaZulu-Natal Premier Sihle Zikalala on May 11 launched the R1.5-billion Pepkor Logistics facility, at Keystone Business Park, in Hammarsdale. Pepkor is a JSE-listed retail chain with more than 5 500 stores. 

Seifsa encouraged by manufacturing output growth in March

By: Marleny Arnoldi     Updated 6 hours ago The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has described the year-on-year improvement in manufacturing production in March as encouraging, despite coming off a low base, with March 2020's output having been negatively impacted on by lockdown restrictions.... 

Renewable energy projects under investigation across AngloGold  

By: Martin Creamer     Updated 6 hours ago Renewable energy projects are under investigation across the entire AngloGold Ashanti group, AngloGold Ashanti VP: environment Tony Da Cruz told Mining Weekly on Tuesday. Da Cruz reported that the gold mining company is also working with industry peers and vehicle original-equipment manufacturers... 

Renewable energy projects under investigation across AngloGold
Photo by Creamer Media
AngloGold interim CEO Christine Ramon

Winde says focus on governance has reaped good rewards for W Cape

By: Sane Dhlamini     11th May 2021 Western Cape Premier Alan Winde said on Tuesday that focusing on governance over the last few years has helped to keep the Western Cape’s unemployment rate lower than in other provinces. He was speaking with journalist Bruce Whitfield during the PSG think big series webinar, under the topic ‘The... 

Winde says focus on governance has reaped good rewards for W Cape
Western Cape Premier Alan Winde

Business needs job creation urgency amid transition to a lower-carbon economy, PwC says

By: Tasneem Bulbulia     Updated 6 hours ago A transition to a lower-carbon economy is occurring rapidly around the world and is critical for South Africa. The transition is being driven both by a realisation of the urgency required to save the environment and by economic reasons, and comes with both positive and negative impacts on... 

Fluor well positioned to meet global energy transition demands

By: Tasneem Bulbulia     11th May 2021 The global energy transition is driving significant demand for reliable and cost-effective renewable energy, as well as for minerals and alternative battery materials, states engineering company Fluor. Fluor Mining and Metals VP Russell Ayres points out that the company had, earlier this year,... 

Durban container terminal takes delivery of ten more straddle carriers

By: Marleny Arnoldi     Updated 6 hours ago Ten new diesel electric straddle carriers have arrived at the Durban Container Terminal Pier 2. State-owned freight utility Transnet Port Terminals (TPT) says this brings the number of new single-lift straddle carriers delivered at the terminal in the last ten months to 33.  

Durban container terminal takes delivery of ten more straddle carriers
Ten straddle carriers arrive at Durban Container Terminal Pier 2

TPT to deploy new version of container terminal operating system

By: Schalk Burger     11th May 2021 State-owned Transnet Port Terminals (TPT) will, later this month, launch a new version of its container terminal operating system Navis Sparcs N4. This latest version will set the new architectural foundation for added features and capabilities, says TPT CFO Sharla Chetty. 

IFC, Eris partner to support affordable student housing in South Africa

By: Creamer Media Reporter      Updated 6 hours ago The International Finance Corporation (IFC) has made a $150-million equity investment in property developer and real estate fund manager Eris Property Group's South African Student Accommodation Impact Investments platform. The investment will help Eris develop and operate accommodation for up to... 

New bridge offers respite to one of Africa’s busiest borders

By: Bloomberg     11th May 2021 Botswana and Zambia opened the $260-million Kazungula bridge, which may help alleviate congestion at one of Africa’s busiest border crossings in neighbouring Zimbabwe. The 923 m road and rail bridge offers a faster and cheaper alternative to a route via Beitbridge on Zimbabwe’s border with South... 

Stellenbosch’s LaunchLab proves invaluable to agritech startup

By: Marleny Arnoldi     11th May 2021 What started as a homemade picking harness solution has grown into an agricultural company called Adagin Technologies that offer a full suite of high-tech solutions to help farmers monitor and optimise their operations. Adagin founder and joint MD FG Adriaanse says his first solution was borne... 

Online game shows scope, challenges of global climate change responses

By: Schalk Burger     11th May 2021 A free online interactive fiction game Survive the Century aims to show players that the future of the climate depends on the choices people make today and, while light-hearted, it is informed by climate science. The branching narrative game about the political, environmental and social choices... 

WCA launches climate partnership to support decarbonisation of cement industry

By: Schalk Burger     11th May 2021 International industry body the World Cement Association (WCA) on May 11 launched its Climate Partnership programme to collaborate with nongovernmental organisations, think-tanks and sustainability-focused events providers as part of its continuing commitment to decarbonise the industry. The... 

US asteroid probe has started its journey home

By: Rebecca Campbell     11th May 2021 The US National Aeronautics and Space Administration (Nasa) has announced that its asteroid sample collection and return mission OSIRIS-REx has departed from near-Earth asteroid Bennu and is heading back to Earth. OSIRIS-REx is an acronym for Origins, Spectral Interpretation, Resource... 

US asteroid probe has started its journey home
Photo by Nasa
An artist’s impression of OSIRIS-REx leaving Bennu

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

By: Reuters     11th May 2021 A drop in electricity generation in Ivory Coast and Ghana has left households and businesses fuming as well as cutting power supplies to neighbouring West African countries Mali and Burkina Faso, officials said. A prolonged dry season has reduced water levels at hydropower dams in both countries... 

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

Big jump in earnings margin generates strong cash ­for Harmony Gold 

By: Martin Creamer     11th May 2021 Gold mining company Harmony Gold has delivered another strong set of operational results year-on-year on the back of the integration of AngloGold Ashanti assets into its portfolio and a stronger rand per kilogram gold price. The combination of a higher gold price received and improved earnings... 

Big jump in earnings margin generates strong cash ­for Harmony Gold
Harmony Gold CEO Peter Steenkamp

Nhleko to join JSE board as nonexec director

By: Donna Slater     11th May 2021 The JSE has appointed Phuthuma Nhleko as an independent nonexecutive director, effective July 1. He will serve as a member of the JSE’s group remuneration committee, group nominations committee and group deal committee. 

Claims I bought R36-million in properties through Prasa are lies, Lucky Montana tells Zondo

By: News24Wire      11th May 2021 Former Passenger Rail Agency South Africa group CEO Lucky Montana took to the Judicial Commission of Inquiry into State Capture - chaired by Deputy Chief Justice Raymond Zondo - to deny claims made to the commission that Siyangena Technologies bought him properties to the value of R36-million.... 

Claims I bought R36-million in properties through Prasa are lies, Lucky Montana tells Zondo
Photo by Creamer Media
Former Prasa CEO Lucky Montana

Lebone reaping benefits of technology, people investments

By: Tasneem Bulbulia     10th May 2021 Print solutions company Lebone Litho Printers’ infrastructure and technological investments, as well as its skills development and small, medium-sized and microenterprise (SMME) focus, are engendering benefits for the company. This, combined with its diversification into digital, has enabled the... 

Raubex declares dividend, record order book

By: Schalk Burger     10th May 2021 Infrastructure development and construction materials group Raubex has declared a final cash dividend from income reserves of 29c a share for the financial year ended February 28. Its secured order book was at a record level following a recovery during the second-half of the financial year. 

EPR amendments support recycling, not reuse, says advocacy organisation

By: Schalk Burger     10th May 2021 Environmental advocacy organisation Break Free From Plastic says the Extended Producer Responsibility (EPR) Amendments prioritise recycling schemes that have a poor record of dealing with plastic pollution instead of supporting systems to replace packaging including reuse and refill models.... 

Recovery in EU activity holds promise for South Africa’s M&A activity

By: Schalk Burger     10th May 2021 Mergers and acquisitions (M&A) activity in South Africa in the first quarter of this year was below the levels recorded prior to the pandemic, which demonstrates a continuation of investor nervousness from 2020, says law firm CMS South Africa M&A head of Africa Deepa Vallabh. Activity in South... 

Redstone CSP reaches financial close, to start commercial operations in late 2023 

By: Schalk Burger     10th May 2021 Saudi energy generation and desalination company Acwa Power says construction has started on the 100 MW Redstone concentrated solar power (CSP) project after achieving financial close on the R11.6-billion project. Acwa, which is the lead shareholder in Redstone expects commercial operations to... 

Redstone CSP reaches financial close, to start commercial operations in late 2023

Windaba to return to Cape Town convention centre this year

By: Marleny Arnoldi     10th May 2021 The South African Wind Energy Association (SAWEA) has unveiled the theme for this year’s Windaba conference, ‘Renaissance of the Wind Energy Industry - Delivering Economic Benefits for South Africa’ . The two-day event, which returns to the Cape Town International Convention Centre following a... 

‘Right policy changes’ could ignite R150bn in electricity investment by private firms 

By: Terence Creamer     10th May 2021 Business Leadership South Africa, which is made up of some of South Africa's largest domestic and multinational companies, estimates that private firms would move to invest billions in new power generation capacity in the near term should the rules governing embedded or distributed plants be... 

 ‘Right policy changes’ could ignite R150bn in electricity investment by private firms

GMA seeks transaction adviser for feasibility study

By: Marleny Arnoldi     10th May 2021 The Gautrain Management Agency (GMA) has published a request for proposals (RfP) for a transaction adviser to develop a detailed feasibility study for the procurement of the Gautrain Rapid Link system. The current concession agreement will expire in 2026. 

Release by AngloGold of vast exploration information attracting interest 

By: Martin Creamer     10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... 

Release by AngloGold of vast exploration information attracting interest
Photo by Creamer Media
AngloGold executive VP of group planning and technical Graham Ehm

Renergen detects gas odour at R2D2 well, drilling progressing

By: Simone Liedtke     10th May 2021 Drilling at natural gas and helium producer Renergen’s R2D2 well has progressed as anticipated, and drilling has been interpreted to be proximal to the target gas-bearing fracture system. The company reports that logging operations are under way in preparation for casing the well and applying for... 

Vaccine should be made available to all, not just to the highest bidders – Ramaphosa 

By: Thabi Madiba     10th May 2021 President Cyril Ramaphosa has said that if the international community is truly committed to human rights and the values of equality and non-discrimination, vaccines should be viewed as a global public good. Ramaphosa said in his weekly letter to the nation that vaccines should be made available... 

Vaccine should be made available to all, not just to the highest bidders – Ramaphosa
President Cyril Ramaphosa

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge 

By: Terence Creamer     10th May 2021 The National Energy Regulator of South Africa announced on Monday that it would oppose an Eskom High Court application seeking to review and set aside the Energy Regulator’s latest regulatory clearing account determination. In an unusual step, the regulator also urged other stakeholders to join... 

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

By: Bloomberg     10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

DP World says Congo port concession terms amended

By: Reuters     10th May 2021 Dubai State-owned port operator DP World said on Sunday it had agreed with the Democratic Republic of Congo to amend its contract for a 30-year port concession. DP World said the two sides had signed a term sheet summarizing the amendments following a review of some of the clauses signed in March... 

Nasa’s ‘little helicopter that could’ makes another landmark flight on Mars

By: Rebecca Campbell     10th May 2021 The US National Aeronautics and Space Administration’s (Nasa’s) Mars drone helicopter, Ingenuity, made a successful fifth flight on Friday. This was another landmark sortie by the little aircraft, which lasted 108 seconds and which set a new altitude record of 10 m. But the key importance of this... 

Nasa’s ‘little helicopter that could’ makes another landmark flight on Mars
Photo by Nasa
Ingenuity (far left) photographed at its new landing site by the Perseverance rover

Kenyan, South African airlines sign interline agreement which links their networks

By: Rebecca Campbell     10th May 2021 Kenya Airways – that country’s national flag carrier – and South African private-sector regional airline Airlink have concluded an interline agreement. This will give passengers seamless access to the networks of both operators, when booking flights with either one of these airlines. “As global... 

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