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Solidarity Fund sets aside R100m to procure protective equipment for frontline health workers

By: Terence Creamer     Updated 56 minutes ago The Solidarity Fund announced on March 30 that it would be using a portion of the R500-million raised during its first week of operations to facilitate the emergency procurement of the personal protective equipment (PPE) – including five-million face masks – that was urgently required by public... 

Solidarity Fund sets aside R100m to procure protective equipment for frontline health workers

Proudly South African hydrogen breakthrough with Shell’s backing

By: Martin Creamer     Updated 4 hours ago At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African world breakthrough that could speed up the global deployment of hydrogen as a competitive universal and environmentally friendly... 

Proudly South African hydrogen breakthrough with Shell’s backing
Photo by Hydrox Holdings
Hydrox Holdings membraneless electrolyser.

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.

Engineering News & Mining Weekly e-magazine now available

26th March 2020 For the duration of South Africa’s 21-day Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

Metair closes most of its operations around the globe, delays dividend

By: Irma Venter     Updated 4 hours ago Battery and automotive component manufacturer Metair has closed most of its operations as containment measures against the Covid-19 pandemic accelerate across the globe. The company said on Monday (March 30) that most of its operations were closed owing to declared lockdowns and/or customer... 

Metair closes most of its operations around the globe, delays dividend

An essential service? Need to service your vehicle? NADA has the answers

By: Irma Venter     Updated 3 hours ago Not all vehicles will be parked in residential garages during the 21-day shutdown, scheduled to end on April 17. Some, such as taxis, will carry essential workers to their places of employment and some will be delivering goods to supermarkets and service stations. Engineering News & Mining Weekly... 

An essential service? Need to service your vehicle? NADA has the answers
NADA national director Gary McGraw

No more taxpayers’ money for regional airline SA Express

By: Rebecca Campbell     Updated 3 hours ago The Department of Public Enterprises (DPE) issued a press release on March 29 regarding the business rescue process for State-owned regional airline SA Express. In it, the DPE stated it “noted” that the airline’s Business Rescue Practitioners (BRPs) had made a court application to liquidate SA... 

Satellite technology can unlock South Africa’s development and economic potential

By: Natasha Odendaal     Updated 4 hours ago As South Africa experiences a renewed wave of slow Internet connectivity, satellite broadband technology presents a more stable connectivity link that is not influenced by factors such as breakage or other terrestrial impacts, said MzansiSat COO Victor Stephanopoli. Connectivity disruptions... 

$3bn social bond established to alleviate economic, social impact of Covid-19

By: Simone Liedtke     Updated 6 hours ago The African Development Bank (AfDB) has raised $3-billion in a three-year bond to help alleviate the economic and social impact of the Covid-19 pandemic on livelihoods and Africa’s economies.   The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and... 

Seifsa encourages re-industrialisation, development of artisans

By: Donna Slater     Updated 5 hours ago The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says that while South Africa remains a dual economy with one of the highest levels of inequality in the world, part of addressing the unemployment challenge can be tackled through re-industrialisation of its economy.... 

South Africa announces tax relief for business hit by coronavirus

By: Reuters     Updated 7 hours ago The National Treasury said on Sunday it was introducing a new tax subsidy of R500 a month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus. In a statement, the treasury said it would also permit businesses with revenue of... 

South Africa announces tax relief for business hit by coronavirus
Photo by Creamer Media's Donna Slater
Finance Minister Tito Mboweni

Insurers try to ease burden on policyholders amid Covid-19 pandemic

By: Donna Slater     Updated 7 hours ago To help ease the financial burden potentially brought to some people by the slow-down in business during the coronavirus pandemic and national lockdown, Momentum Short-Term Insurance (MSTI) is giving clients early access to R26-million in future no-claims and safety bonuses. To provide immediate... 

EAIF becomes first third-party fund to sign cooperation agreement with IFC

By: Donna Slater     Updated 7 hours ago Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has signed a master cooperation agreement (MCA) with the International Finance Corporation (IFC), joining 33 development finance institutions worldwide that have also signed the MCA. The EAIF... 

Greenpeace opposed to weakening of emission standards

By: Marleny Arnoldi     Updated 5 hours ago Environment, Forestry and Fisheries Minister Barbara Creecy last week gazetted the doubling of minimum emission standards (MES) for sulphur dioxide, weakening the limit from 500 mg/Nm3 to 1 000 mg/Nm3. Greenpeace Africa climate and energy campaigner Bukelwa Nzimande has responded negatively to... 

Greenpeace opposed to weakening of emission standards

Eskom donates learning academy to government for use as quarantine site

By: Tasneem Bulbulia     Updated 5 hours ago To assist in the fight to contain the Covid-19 pandemic, State-owned utility Eskom has handed its Academy of Learning (EAL) centre in Midrand, Johannesburg, over to the government to be used as a quarantine site. The facility, which has 416 beds and other facilities, will be used to accommodate... 

DWS delivers 287 water tank across Gauteng

By: Natasha Odendaal     Updated 3 hours ago The Department of Water and Sanitation (DWS) on March 30 reported the delivery of another 100 water tanks to needy communities in Soweto. Amid a national lockdown and an increasing number of Covid-19 cases, the DWS has been deploying water tanks to vulnerable communities to allow them access to... 

WEC unpacks energy investment needs

By: Marleny Arnoldi     Updated 6 hours ago The World Energy Council’s 2019 World Energy Trilemma Index indicates there has been a step change in progress toward basic access in some African countries, with many having made substantive improvements, particularly in access to energy and clean cooking under the United Nations Sustainable... 

WEC unpacks energy investment needs

Nel Hydrogen’s Wallingford plant resumes operations

By: Simone Liedtke     Updated 6 hours ago Hydrogen company Nel Hydrogen US has been defined as “essential manufacturing business” by the Connecticut state and the plant in Wallingford has, therefore, been allowed to resume operations amid the outbreak of Covid-19. However, revenues and operations will still be negatively impacted by... 

Covid-19 causes Rolls-Royce to halt most activities at its civil aerospace plants in the UK

By: Rebecca Campbell     Updated 34 minutes ago UK-based industrial technology group Rolls-Royce announced on March 27 that it would “significantly reduce all but essential activity” at its civil aerospace facilities in Britain with effect from midnight on that day, and for a period of one week. This was in response to the Covid-19 pandemic.... 

WesBank announces payment relief as Covid-19 bites

By: Irma Venter     Updated 43 minutes ago In response to the Covid-19 outbreak, WesBank has announced payment relief plans to assist its customers and partners who have been impacted by the pandemic. WesBank provides a range of financial products to the retail and corporate market in South Africa, including vehicle and asset finance,... 

WesBank announces payment relief as Covid-19 bites
WesBank CEO Chris de Kock

Public Enterprises to study liquidation application by SA Express business rescue practitioners

By: News24Wire      Updated 58 minutes ago Allegations by the business rescue practitioners of SA Express that the government deliberately withheld financial support from them, and that the state's approach to the business rescue process (BRP) was unconstructive are baseless, the Department of Public Enterprises has said.  The department... 

Public Enterprises to study liquidation application by SA Express business rescue practitioners

Draft Public Procurement Bill comment period extended

By: Tasneem Bulbulia     Updated 2 hours 11 minutes ago The National Treasury has extended the deadline for public comment on the Draft Public Procurement Bill has been extended by a month to June 30, as a result of the 21-day lockdown implemented in South Africa. One of the main objectives of the Bill is to do away with the current fragmentation of... 

Afriforum calls on DWS assistance for brewing water troubles

By: Natasha Odendaal     Updated 2 hours 29 minutes ago AfriForum has urgently requested the Department of Water and Sanitation (DWS) to resolve various water issues faced by communities during the Covid-19 pandemic. The group sent a letter to Human Settlements, Water and Sanitation Minister Lindiwe Sisulu after the receipt of complaints from... 

Engen refinery temporarily shut amid low demand

By: Donna Slater     Updated 3 hours ago The Durban-based petroleum refinery of fuels, lubricants and oil-based products distributor and marketer Engen has undergone a temporary controlled shut down, effective March 27, as a result of forecasted lower demand for petroleum products during the national lockdown which came into effect from... 

Transnet avails designated properties to be used as quarantine sites, shelters

By: Simone Liedtke     Updated 3 hours ago State-owned Transnet has designated properties across three provinces to be used as quarantine sites and shelters for the homeless during South Africa's 21-day lockdown period. Transnet, in partnership with local government authorities in Gauteng, KwaZulu-Natal and the Free State, will support... 

Sasol ramps up sanitiser chemicals production

By: Marleny Arnoldi     Updated 3 hours ago JSE-listed petrochemicals giant Sasol has developed a new unique blend of alcohol-based chemicals to be used in the manufacture of hand sanitisers to help address the increase in market demand for these products. “While global demand and pricing for ethanol and isopropanol alcohol has increased... 

Sasol ramps up sanitiser chemicals production

Economy faces harder recovery path following Moody’s downgrade, says business

By: Marleny Arnoldi     Updated 3 hours ago Business organisation Business Leadership South Africa (BLSA) says Moody’s downgrade of South Africa’s debt rating to junk status will significantly impact the way the economy is defended through the Covid-19 crisis. The ratings agency on March 27 downgraded South Africa’s sovereign credit... 

Economy faces harder recovery path following Moody’s downgrade, says business

Staying home most effective way to contain Covid-19 – Ramaphosa

By: Sane Dhlamini     Updated 4 hours ago President Cyril Ramaphosa on Monday said it was clear that the most effective way for a society to contain the spread of the novel coronavirus (Covid-19) is for the population to remain at home and physically isolated from each other for at least several weeks. As South Africa enters day 4 of its... 

Staying home most effective way to contain Covid-19 – Ramaphosa
President Cyril Ramaphosa

SA Treasury introduces tax subsidies among measures to mitigate impact of Covid-19

By: African News Agency      Updated 5 hours ago South Africa's Treasury announced a tax subsidy for some employers, among measures to mitigate the impact of the Covid-19 pandemic on the economy. In a statement on Sunday, the Treasury said the measures, effective from April 1, were over and above the tax proposals made in the 2020 budget review... 

SA Treasury introduces tax subsidies among measures to mitigate impact of Covid-19
Finance Minister Tito Mboweni

Fitch Solutions says volatility to continue driving metals prices lower

By: Simone Liedtke     Updated 7 hours ago Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the... 

Fitch Solutions says volatility to continue driving metals prices lower

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Moody's downgrade to 'junk' adds to South Africa pain

By: Reuters     27th March 2020  Moody's downgraded South Africa's sovereign credit rating to "junk" status on Friday, heaping more pain on an economy already in recession and now staring down the barrel of a steep contraction over the global coronavirus pandemic. The ratings firm downgraded the rating one notch to 'Ba1' from... 

UIF to process Covid-19 TERs to assist employers, workers during lockdown

27th March 2020 Employment and Labour Minister Thulas Nxesi has recently announced measures that the Department will put in place under the current special circumstance relating to the Corona virus (COVID-19) and its impact on UIF contributors. Therefore, the Unemployment Insurance Fund (UIF) Commissioner,... 

HSRC starts public survey to assess awareness of Covid-19 among South Africans

By: Tasneem Bulbulia     27th March 2020 Statutory research agency, the Human Sciences Research Council (HSRC), has launched a public survey to better understand what the South African public knows about Covid-19, the state of readiness to deal with this global pandemic and how the public feels about it. The survey comes within the... 

Franchises ready to weather lockdown storm but challenges remain

By: Donna Slater     27th March 2020 The franchise sector, while being able to stay financially afloat during 2019, but which has increasingly and rapidly come under a lot of strain resulting from the 21-day national lockdown in South Africa, requires government intervention as all small business and franchise owners. Their... 

Covid-19 will not be stopped without the provision of safe water to the vulnerable – UN experts

By: Natasha Odendaal     27th March 2020 The United Nations (UN) Information Centre warned that without the provision of continuous access to sufficient water to populations living in the most vulnerable conditions, the global fight against the pandemic has little chance of success. About 2.2-billion people worldwide have no access to... 

New-vehicle sales could recover by up to 7% in 2021

By: Irma Venter     27th March 2020 S&P Global Ratings believes global new light-vehicle sales could recover by between 10% and 12% in the US in 2021, following a 15% to 20% decline in 2020 as a result of the Covid-19 pandemic. Sales in China could grow by between 2% and 4% next year, after seeing an 8% to 10% decline this year. 

New-vehicle sales could recover by up to 7% in 2021

UK and Unilever public-private partnership to fight Covid-19 in developing countries

By: Rebecca Campbell     27th March 2020 The UK government and the Anglo-Dutch multinational corporation Unilever are jointly funding a programme to help counter the spread of Covid-19 in poor countries. The programme will receive up to £50-million from each (for a total of up to £100-million). The intent is to make hygiene products... 

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