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Gordhan says Eskom, unions reach wage agreement; hopes second day of Stage 6 load-shedding can be avoided

By: Chanel de Bruyn 28th June 2022 Public Enterprises Minister Pravin Gordhan on Tuesday evening said he was hopeful that Eskom would be able to avoid implementing Stage 6 load-shedding for a second day on Wednesday, after the power utility and unions had reached a wage agreement earlier in the day. Eskom on Tuesday afternoon... →

Photo by Creamer Media's Donna Slater
Public Enterprises Minister Pravin Gordhan

Mitochondria Energy to build a fuel cell manufacturing facility in the Vaal SEZ in 2023

By: Donna Slater 28th June 2022 Hydrogen fuel cell developer Mitochondria Energy is planning to build a hydrogen fuel cell manufacturing facility in the Vaal Special Economic Zone (SEZ) forming part of the wider Hydrogen Valley development concept, with sod turning to start in 2023. In 2018, Mitochondria entered into a... →

An artist's impression of five 50 kW Mitochondria Energy fuel cells in a 250 kW generator, and related equipment.

Motus secures R6.8bn in sustainability-linked finance from Standard Bank

By: Schalk Burger 28th June 2022 Automotive group Motus Holdings has secured a syndicated R6-billion sustainability-linked facility, facilitated by financial services firm Standard Bank, as well as an R800-million sustainability-linked working capital facility from Standard Bank. This South African rand-denominated... →

South Africa's FDI inflows increased to R27.2bn in the first quarter

By: Reuters 28th June 2022 South Africa recorded foreign direct investment (FDI) inflows of R27.2-billion in the first quarter of 2022, up from R22.7-billion rand in the fourth quarter of 2021, the central bank said on Tuesday. The South African Reserve Bank said in its Quarterly Bulletin that the increase was due to... →

Three South African technologies pitch for Innovate UK funding

By: Schalk Burger 28th June 2022 During a briefing by energy technology innovation and funding network Innovate UK for technology innovators and entrepreneurs on June 27, three South African technology companies presented their innovations for potential funding from the UK organisation. The three companies also served as... →

Anglo investing in expansion of organic waste upcycling company Sanergy

By: Schalk Burger 28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... →

Satrix launches smart city infrastructure feeder ETF

By: Darren Parker 28th June 2022 South African index investment business Satrix, a division of Sanlam Investment Management, has announced that its new smart city infrastructure feeder exchange-traded fund (ETF) will offer investors access to the rapidly growing investment opportunity of smart cities. The fund’s initial public... →

South Africa is back in contention for the birthplace of humankind

By: Bloomberg 28th June 2022 Fossils of early human ancestors in South Africa may be 1 million years older than previously thought, according to a new study, putting the country back in contention for the place where humankind may have originated. The study of hominin remains from the Australopithecus genus found at the... →

Bill Gates-led fund backs startup with cheaper way to move hydrogen

By: Bloomberg 28th June 2022 A hydrogen molecule is tiny. So tiny, in fact, that trying to store and transport it via existing tanks and pipes can end up causing cracks in steel. If hydrogen is to become a clean fuel of the future, urgent technological solutions are needed to keep it in place and move it at will. Enter... →

G7 to allow fossil-fuel financing if climate pledges are kept

By: Bloomberg 28th June 2022 Group of Seven (G7) nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue provided that the investments are consistent with prior climate-change agreements, according to people familiar with the matter. The final text of the leaders’ statement,... →

Airbus highlights its key role, through ESA, in Nasa’s Artemis crewed space programme

By: Rebecca Campbell 28th June 2022 With the US National Aeronautics and Space Administration (Nasa) having declared that the testing programme for the Artemis I Moon mission had been concluded and that its Space Launch System (rocket) and Orion spacecraft would be readied for launch in late August, Europe-based aerospace giant... →

The Orion spacecraft on top of the Space Launch System rocket on the launch pad, with the ESM in the centre of the photo, immediately under the gantry.

Photo by Nasa
The Orion spacecraft on top of the Space Launch System rocket on the launch pad, with the ESM in the centre of the photo, immediately under the gantry.

US to help fund study for deployment of small modular nuclear reactors in Romania

By: Rebecca Campbell 28th June 2022 The administration of US President Joe Biden is to provide 50% of the funding for a Front-End Engineering and Design (FEED) study for the deployment of a small modular nuclear reactor (SMR), designed by US company NuScale, in Romania. The US contribution will be disbursed through the US Trade and... →

South Africa in a position to export energy – Anglo American Platinum

By: Martin Creamer 28th June 2022 South Africa is one of only four countries that has more renewable energy available to it than what it needs for itself, which places the country in a very strong position to be able to export energy, with hydrogen in the form of ammonia, hydrogen gas or liquid hydrogen among the best ways of... →

Anglo American Platinum CEO Natascha Viljoen.

Power trip: While Stage 4 drags on some unions want Pravin, but Eskom heads to CCMA

By: News24Wire 28th June 2022 While Eskom has put its plans in motion to end protests that have disrupted its operations and break the deadlock at its wage talks, unions in the negotiations are split on whether the impasse may need an intervention from Public Enterprises Minister Pravin Gordhan. Historically, an intervention... →

Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Nothing more important than growing the economy and creating jobs - Cape Town mayor

28th June 2022 City of Cape Town Mayor Geordin Hill-Lewis speaks with Polity about his plans and vision for the city. →

City of Cape Town Mayor Geordin Hill-Lewis discusses his plans and vision for the city. (Camera & editing: Darlene Creamer)

Discovery to list on A2X

By: Creamer Media Reporter 27th June 2022 Financial services group Discovery has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from July 4. Discovery will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X. “Since... →

Energy Catalyst Africa launches in South Africa to support energy technology development

By: Schalk Burger 27th June 2022 Energy technology innovation and funding network Innovate UK has launched the Energy Catalyst Africa programme in South Africa to support the development of energy technologies by providing early- to late-stage development and commercialisation funding. The UK government-led programme is aimed at... →

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%

By: Martin Creamer 27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... →

Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Infrastructure delivery key to growing economy, creating local demand

By: Donna Slater 27th June 2022 The construction and development of infrastructure is critical to accelerating demand for associated goods and services, as well as to significantly boost the economy, Infrastructure South Africa investment and unblocking chief director Mashopha Moshoeshoe said earlier this month. Speaking at... →

UK to consult with WTO members on tariffs protecting steel

By: Bloomberg 27th June 2022 The UK government said it will consult with other countries at the World Trade Organization on its plan to extend steel tariffs, after prime minister Boris Johnson said it was “reasonable” to use them to protect Britain’s domestic industry. “No decision has yet been taken,” Johnson’s spokesman... →

Vodacom’s #CodeLikeAGirl programme trains 4 000

By: Natasha Odendaal 27th June 2022 The number of young girls trained under information and communications technology group Vodacom’s #CodeLikeAGirl programme is expected to reach 4 000 by the end of the financial year. Starting from a base of just 20 girls from schools around Tembisa equipped with coding skills under the programme... →

Production continuing despite Nelson Mandela Bay water crisis – VWSA

By: Irma Venter 27th June 2022 Volkswagen Group South Africa (VWSA) says production of the Polo and Polo Vivo at its Kariega plant in the Nelson Mandela Bay municipality is continuing, despite the water supply crisis in the area. “Our Kariega plant is operating as normal and there are no issues as yet with the water supply,”... →

PRASA awards R7.5bn in contracts for rolling stock overhaul

By: Irma Venter 27th June 2022 The Passenger Rail Agency of South Africa (PRASA) has awarded five companies general overhaul contracts for its older rolling stock to the value of R7.5-billion. The agency says the five-year contracts will allow for the heavy maintenance and repairs of its existing train sets, while also... →

Day Zero: Rain brings slight relief in Nelson Mandela Bay, but concerns remain over high water usage

By: News24Wire 27th June 2022 Recent rainfall has slightly lifted dam levels in the Nelson Mandela Bay metro, but the authorities are still concerned about water consumption levels in the area. Dam levels increased to just over 13% after it rained in the Eastern Cape last week. Parts of the metro received as much as 40mm of... →

Mchunu calls for the fast-tracking of projects to restore water supply in Ugu municipality

By: Yvonne Silaule 27th June 2022 Water and Sanitation Minister Senzo Mchunu has called for the fast-tracking of two bulk water projects in the Ugu district municipality, in KwaZulu-Natal. In recent months, the municipality has been under the spotlight owing to its inability to provide reliable water supply to residents, who took... →

Cabinet approves South Africa’s first draft game meat strategy for public comment

By: Creamer Media Reporter 27th June 2022 Cabinet has approved South Africa’s first draft Game Meat Strategy for public comment. South Africa, renowned internationally for its abundant wildlife, provides market opportunities that could derive from the harvesting of game meat and related value-added products. →

Numsa claims Eskom provoked the 'rage' that led to protests and more load-shedding

By: News24Wire 27th June 2022 The National Union of Metalworkers of South Africa laid the blame at Eskom's feet for the protests at power stations that ultimately plunged South Africa into Stage 4 load-shedding late last week. Speaking to Fin24 on Monday, Numsa spokesperson Phakamile Hlubi-Majola denied any involvement by the... →

Tongaat establishes restructuring committee, appoints chief restructuring officer

By: Creamer Media Reporter 27th June 2022 Agroprocessing company Tongaat Hulett has established a restructuring committee as an additional subcommittee of its board of directors to oversee and approve negotiations and the consensual development of a plan to reduce and repay debt to sustainable levels. It will also be tasked with... →

Eskom says most workers at power plants, still sporadic protests

By: Bloomberg 27th June 2022 South Africa’s power utility said most of its workforce is in place, despite some ongoing demonstrations that started last week after a breakdown in wage negotiations, though generation capacity has yet to improve. “The greater majority of employees are reporting for duty,” Eskom Holdings' media... →

Nasa has determined that its Artemis I Moon mission should be prepared for launch

By: Rebecca Campbell 27th June 2022 The US National Aeronautics and Space Administration (Nasa) has announced that the test phase for the Artemis I space mission had been completed. This decision followed the analysis of the data collected during the launch ‘wet dress rehearsal’ conducted at the Kennedy Space Centre in the US State... →

CA&S Group lists on the JSE main board

By: Donna Slater 27th June 2022 Fast-moving consumer goods services group CA Sales Holdings, trading as CA&S Group, was listed on the main board of the JSE at the opening of the stock exchange’s markets at 09:00 on June 27. The JSE listing comes after CA&S listed on the BSE in 2017. →

UK to guarantee $2bn of AfDB debt to boost climate fight

By: Bloomberg 27th June 2022 The UK has agreed to guarantee $2-billion of the debt the African Development Bank has extended to governments on the continent, allowing the lender to free up finance for climate-related projects. The additional lending capacity will be used to fund projects for climate resilience and renewable... →

PPC pays down R1.2bn in debt on the back of strong cash generation

By: Marleny Arnoldi 27th June 2022 JSE-listed cement manufacturer PPC has posted a 19% year-on-year improvement in cash available from operations to R1.2-billion for the financial year ended March 31. Together with net proceeds from the sale of noncore assets, PPC was able to pay down R1.2-billion of its debt in the year under... →

PPC CEO Roland van Wijnen

South Africa’s Airlink signs codeshare agreement with Qatar Airways

By: Rebecca Campbell 27th June 2022 South African regional airline Airlink has entered a codeshare agreement with major Middle East-based international airline Qatar Airways, it was announced on Monday. This will allow the customers of both airlines to book connecting flights with a single reservation, so opening Qatar’s global... →

Stage 4 power cuts to continue until Wednesday due to labour action, says Eskom

By: News24Wire 27th June 2022 Stage 4 load-shedding will continue to be implemented from 05:00 in the morning until Wednesday, Eskom has announced. The power utility said the power cuts would be implemented every day until midnight. →

Earth & Wire targets Eastern Cape for first long-duration storage roll-out

By: Terence Creamer 27th June 2022 Independent renewable energy company Earth & Wire expects to begin installing its first long-duration energy storage system in South Africa in 2024 after announcing a 300 MW/1 200 MWh order for a battery system from Ambri, of the US. First deliveries are scheduled for the second quarter of 2024,... →

Artist impression of the Ambri storage system

Kansai Plascon lowers operating costs following turnaround, sustainability project

By: Schalk Burger 24th June 2022 Paint and coatings manufacturer Kansai Plascon has achieved a 100% improvement in operating costs over 36 months owing to its turnaround plan and sustainability agenda. “We lacked differentiation, had negative cash flow and strategic partnerships were becoming strained. We had high inventory... →

Firms agree to competition penalty for unintentionally contravening the Competition Act

By: Schalk Burger 24th June 2022 The Competition Tribunal has confirmed, as an order, a consent agreement wherein four firms admit that they unintentionally contravened the Competition Act, specifically that parties to a large merger may not implement that merger until it has been approved, with or without conditions, by the... →

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