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Gautrain to complete electric bus pilot project by end-2021 

By: Irma Venter     Updated 1 hour 9 minutes ago The Gautrain Management Agency (GMA) is busy with a feasibility study to investigate the possible future use of alternative drivetrains in its bus fleet, says GMA COO Tshepo Kgobe. As part of this programme, the GMA expects to complete a pilot project, employing an electric bus, at the end of 2021. 

Gautrain to complete electric bus pilot project by end-2021
Tshepo Kgobe

Industrial investment will flow if South Africa ‘consistently’ builds 1.6 GW of wind yearly 

By: Terence Creamer     Updated 3 hours ago Leading wind-energy project developers and original equipment manufacturers (OEMs) are convinced that South Africa’s plan to install 1.6 GW of new wind capacity yearly until 2030 is more than sufficient to attract large-scale industrial investment. These captains of industry warn, however, that... 

Industrial investment will flow if South Africa ‘consistently’ builds 1.6 GW of wind yearly

Lower renewables costs driving up demand – Windaba panel

By: Marleny Arnoldi     Updated 5 hours ago Renewables remain the lowest-cost source of new power generation in most parts of the world, with prices continuing to decline and making it a promising sector for development in most countries. The price of onshore wind, for example, declined from $86/MWh in 2009 to $53/MWh in 2019, representing... 

Lower renewables costs driving up demand – Windaba panel

Africa a dumping ground for polluting, unsafe used cars, reveals UN report

By: Irma Venter     Updated 4 hours ago Millions of used cars, vans and minibuses exported from Europe, the US and Japan to the developing world are of poor quality, while they also contribute significantly to air pollution, thereby hindering efforts to mitigate the effects of climate change, states a new report published by the United... 

Africa a dumping ground for polluting, unsafe used cars, reveals UN report

Icasa closes in on broadband inquiry, operators say effective spectrum allocation critical

By: Natasha Odendaal     Updated 3 hours ago Two years after the completion of the priority markets inquiry in 2018, the Independent Communications Authority of South Africa (Icasa) aims to wrap up its Mobile Broadband Services Inquiry by March 31, 2021. The authority, which held public hearings on the December published Discussion... 

SAA chairperson resigns ahead of possible bailout announcement from Mboweni

By: News24Wire      Updated 3 hours ago Finance Minister Tito Mboweni is expected to announce some funding to get SAA off the ground again. The chair of the board of South African Airways, Thandeka Mgoduso, has resigned after having been in the position for about a year. 

SAA chairperson resigns ahead of possible bailout announcement from Mboweni

FDI still most importance source of external finance, despite decline in 2020 – Unctad

By: Simone Liedtke     Updated 3 hours ago Global foreign direct investment (FDI) flows decreased by 49% year-on-year in the first half of this year as Covid-19-induced lockdowns around the world slowed existing investment projects and the prospects of a deep recession led multinational enterprises (MNEs) to reassess new projects. In a... 

How the virus worsened South Africa’s debt woes

By: Bloomberg     Updated 6 hours ago South Africa is faces surging debt as the havoc wrought by the coronavirus pandemic compounds a deterioration in public finances caused by overspending, mismanagement and alleged graft during former President Jacob Zuma’s nine-year rule. After cutting borrowing during years of strong economic... 

How the virus worsened South Africa’s debt woes

South Africa’s cities to switch to solar as power monopoly ends

By: Bloomberg     Updated 5 hours ago South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility that’s subjected cities to outages for the past 13 years. 

South Africa’s cities to switch to solar as power monopoly ends

A2X boasts 37 listings after three years

By: Tasneem Bulbulia     Updated 43 minutes ago Three years after launching with just three listings and four brokers, South African stock exchange A2X Markets now has 37 securities listed, five of the country’s top six brokers trading on the exchange and a combined market cap of over R2.1-trillion, it acclaimed in an October 27 media release.... 

Mazars reengineers itself to meet changing market demands

By: Donna Slater     Updated 3 hours ago Tax, audit and advisory firm Mazars has unveiled its new global brand identity in more than 90 countries and territories including South Africa, marking a key milestone in the firm’s evolution. Mazars has been operating in South Africa since 2007 serving large listed, multinational and privately... 

Nasa announces new lunar water discovery

By: Rebecca Campbell     Updated 3 hours ago The US National Aeronautics and Space Administration (Nasa) has announced that the Stratospheric Observatory for Infrared Astronomy (Sofia) has, for the first time, confirmed the existence of water on the sunlit surface of the Moon. This discovery suggests that water may be much more widely... 

Nasa announces new lunar water discovery

EU backs Nigerian candidate for WTO leadership - EU official

By: Reuters     Updated 6 hours ago The European Union (EU) is backing former Nigerian finance minister Ngozi Okonjo-Iweala to head the World Trade Organization (WTO), sending a signal of trust in Africa, an EU official said on Monday. Okonjo-Iweala and South Korean trade minister Yoo Myung-hee are vying to be the first female... 

World Bank talks with South Africa stall over State company bailouts

By: Bloomberg     Updated 37 minutes ago The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2-billion and agree the money won’t be used to bail out insolvent State companies, a person familiar with the situation said. Those conditions have stalled negotiations on the loan... 

World Bank talks with South Africa stall over State company bailouts

IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite 

By: Terence Creamer     26th October 2020 The Industrial Development Corporation (IDC) – which reported a R3.8-billion loss for the 2019/20 financial year, driven by a surge in impairments from R4.8-billion to R9.6-billion – has revised its investment strategy with the aim of “catalysing” government’s Reconstruction and Recovery Plan... 

IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite
Photo by Creamer Media's Donna Slater
IDC CEO TP Nchocho

Sanral’s new N2 Wild Coast road to create up to 7 000 jobs

By: Yvonne Silaule     26th October 2020 Transport Minister Fikile Mbalula says up to 7 000 project-related jobs will be created during the construction of the new N2 Wild Coast road. A further 29 000 permanent direct and indirect jobs may also be created during the service period of the road once it is opened. 

Decision soon on platinum process that can save a Medupi power station worth of power  

By: Martin Creamer     26th October 2020 The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month in time for an investment decision from the shareholders in KellTechnology South Africa, which are... 

Kelltech’s Keith Liddell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Adapt IT says records resilient results despite pandemic headwinds

By: Tasneem Bulbulia     26th October 2020 JSE-listed Adapt IT CEO Sbu Shabalala says the company remained resilient during the financial year ended June 30 in a period dominated by global macroeconomic challenges and the Covid-19 pandemic, owing to its sound underlying business model of providing mission critical software to its clients... 

Local airline Airlink announces change of its official name

By: Rebecca Campbell     26th October 2020 South African private sector airline Airlink has announced that it has formally changed its name – to Airlink. Although the airline has been publicly using the name Airlink for some months now, its official, legal, name was SA Airlink. Now its official name is the same as its public name. This... 

Local airline Airlink announces change of its official name
Photo by Airlink
The Embraer E190 is the flagship airliner type for Airlink

Nxuba Wind Farm starts generation, delivery of energy

By: Tasneem Bulbulia     26th October 2020 With the commissioning of the final wind turbine at the 140 MW Nxuba Wind Farm in the Eastern Cape, Enel Green Power (EGP) has started with the generation and delivery of energy. The company says this is despite challenges attributed to Covid-19 containment measures and national lockdown. 

Nxuba Wind Farm starts generation, delivery of energy
Nxuba Wind Farm

UCT research unit shares considerations for REIPPPP going forward  

By: Marleny Arnoldi     26th October 2020 Power auctions are fast becoming the dominant procurement method for renewable energy globally, particularly in sub-Saharan Africa, but it is not without its crucial requirements for success. University of Cape Town (UCT) specialist research unit Power Futures Lab research fellow Wikus Kruger... 

Local water professionals condemn Trump’s Ethiopian dam comments

By: Donna Slater     26th October 2020 The South African Institution of Civil Engineering and the Water Institute of Southern Africa, in a joint statement, condemn US President Donald Trump’s “inflammatory” statement about the Grand Ethiopian Renaissance Dam (GERD).   The South African water professionals say they are deeply concerned... 

Transnet Pipelines notes another theft incident

By: Tasneem Bulbulia     26th October 2020 Pipelines operator Transnet Pipelines (TPL) says it continues to experience theft of fuel from its petroleum pipelines, with the latest incident in the Ladysmith area on its 24-inch multiproduct pipeline transporting fuel from Durban to the Gauteng inland terminal. The incident resulted in diesel... 

Nuclear regulator confirms early talks with Eskom to extend Koeberg nuclear plant’s life 

By: Rebecca Campbell     26th October 2020 The National Nuclear Regulator (NNR) has confirmed that it is in preliminary talks with State-owned national electricity utility Eskom regarding extending the operating life of the country’s only nuclear power plant (NPP) at Koeberg, north of Cape Town. Currently, Koeberg is licensed by the NNR... 

DTIC revitalisation programme makes progress at Botshabelo Industrial Park

By: Simone Liedtke     26th October 2020 The Botshabelo Industrial Park, in the Free State, has attracted investments valued at more than R500-million owing to the Department of Trade, Industry and Competition’s (DTIC’s) revitalisation programme that is being rolled out. Upgrading the park forms part of the DTIC’s Revitalisation of... 

Traxtion to invest billions in rail infrastructure development over next five years

By: Simone Liedtke     26th October 2020 Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with... 

CDC Group invests further $40m into Africa’s connectivity, data centres

By: Simone Liedtke     26th October 2020 UK development finance institution and impact investor CDC Group has invested an additional $40-million of equity into African independent fibre, data centre and cloud technology provider Liquid Telecom. This marks the CDC’s second investment into the company, after an initial equity investment... 

Resgen shares to remain suspended until November 9

By: Simone Liedtke     26th October 2020 Energy resources company Resource Generation's (Resgen's) securities on the ASX and JSE will remain suspended, at the company’s request, until November 9. This is an extension from the initially expected trading restart date of October 26. 

Famous Brands incurs interim loss as a result of Covid-19 restrictions

By: Tasneem Bulbulia     26th October 2020 The negative financial impact of the Covid-19 pandemic and resultant restrictions have been extremely severe, food services franchiser Famous Brands CEO Darren Hele said in an October 26 statement of the group’s results for the six months ended August 31. The group’s vertically integrated... 

‘Great opportunity’ to tap Mpumalanga’s grid capacity for just transition – IPP Office  

By: Terence Creamer     26th October 2020 The extension of South Africa’s Renewable Energy Development Zones (REDZs) to areas where coal jobs are at risk, but where grid capacity is available, represents a “great opportunity” to connect new renewable-energy generators while also supporting a just transition for coal workers, a senior... 

IPPO head of technical Pervelan Govender told participants attending the virtual 2020 edition of Windaba that there was potential grid and just-transition virtue to be derived from locating new renewables projects in Mpumalanga. Video & Editing: Kutlwano Matala & Nicholas Boyd. 16.10.2020

Budget policy critical to economic recovery from Covid-19, says BLSA

By: Donna Slater     26th October 2020 This week is an important one in that South Africa’s Medium-Term Budget Policy Statement (MTBPS) will be presented by Finance Minister Tito Mboweni on October 28, having the potential to support a recovery in business sentiment leading to a recovery in growth and employment, says Business... 

Cape Town’s largest bus company becomes a net exporter of green energy 

By: Irma Venter     26th October 2020 Cape Town’s largest bus company, Golden Arrow Bus Services (GABS), has become a net exporter of electricity. This achievement is the culmination of a multiyear collaborative effort between Golden Arrow, New Southern Energy and the City of Cape Town. 

Cape Town’s largest bus company becomes a net exporter of green energy 
The solar farm at Golden Arrow

South African defence companies need partnerships with overseas OEMs to survive

By: Rebecca Campbell     26th October 2020 The low level of the South African defence budget means that local defence companies cannot survive on domestic orders alone. Not only that, but local defence research and development (R&D) spending has also gone down over the years.  “The decline in local defence spending in difficult defence... 

South African defence companies need partnerships with overseas OEMs to survive
Photo by Saab Grintek Defence
A Swedish Air Force NH90 helicopter dispenses infrared countermeasure flares from a Saab Grintek Defence Integrated Defence Aids Suite

MTN Nigeria appoints new CEO, as Moolman returns to South Africa

By: Natasha Odendaal     26th October 2020 MTN Nigeria CEO Ferdi Moolman is stepping down, effective March 31, 2021, to take up a role group chief risk officer in South Africa. MTN Group West and Central Africa (Weca) VP Karl Toriola has been appointed as the new MTN Nigeria CEO, also effective March 31. 

Water supply projects in Sedibeng, Maluti-a-Phofung areas to resume

By: Marleny Arnoldi     26th October 2020 Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has confirmed that the Department of Water and Sanitation (DWS) had resolved a matter that involved delayed payment of service providers and, specifically, the department has paid R80-million to Sedibeng Water for continuation of... 

Water supply projects in Sedibeng, Maluti-a-Phofung areas to resume
Human Settlements, Water and Sanitation Minister Lindiwe Sisulu

Wealth tax among Mboweni’s options to fund South Africa’s budget 

By: Bloomberg     26th October 2020 Finance Minister Tito Mboweni will have to find money to help the nation’s economy recover from its longest recession in three decades and bail out state companies in a budget that’s projected to record the biggest shortfall since 1914. Mboweni will present the government’s revised spending... 

Wealth tax among Mboweni’s options to fund South Africa’s budget
Finance Minister Tito Mboweni

South Africa’s rail expansion plan links Soweto to Johannesburg

By: Bloomberg     26th October 2020 South Africa’s only high-speed rail network is drawing up a multibillion rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects the government says are key to reviving the economy. A proposal for the venture is awaiting sign-off by the... 

Ethiopia slams pressure after Trump remark on destroying dam

By: Bloomberg     26th October 2020 Ethiopia slammed international pressure regarding its long-running dispute with Egypt and Sudan over a hydropower dam on the Nile River, after US President Donald Trump suggested Cairo could destroy the dam. “Ethiopia will not cave in to aggressions of any kind,” the office of Ethiopian Prime... 

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