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South Africa's Covid-hit carmakers ask govt to cut taxes on new cars

By: Reuters     Updated 1 hour 6 minutes ago South Africa's car makers have asked the government to reduce taxes on new vehicle purchases as part of a proposed stimulus package for the coronavirus-hit sector, according to a presentation from an industry body seen by Reuters. The proposal, aimed at boosting local sales of new cars as rising... 

South Africa's Covid-hit carmakers ask govt to cut taxes on new cars
Photo by Creamer Media's Donna Slater
Naamsa CE Mike Mabasa

BMW SA signs new charge point deal with GridCars

By: Irma Venter     Updated 5 hours ago BMW Group South Africa (BMW SA) has appointed GridCars as its official electric vehicle charge point operator, with effect from September 1. The local arm of the German manufacturer says the responses from existing BMW i3 drivers were considered before the conclusion of a new three-year agreement... 

BMW SA signs new charge point deal with GridCars

Official unemployment rate drops as lockdown discourages job seekers

By: Reuters     Updated 3 hours ago South Africa's official unemployment rate fell in the second quarter as a coronavirus lockdown saw fewer people actively looking for employment, but the expanded jobless figure which includes people who have stopped looked for work soared, the statistics agency said on Tuesday. In its quarterly... 

South Africa pins infrastructure hopes on green-bond appetite

By: Bloomberg     Updated 6 hours ago South Africa plans to tap global appetite for green bonds to help fund an infrastructure program worth as much as R2.3-trillion over the next decade. Winning over the private sector and streamlining the project-approval process will be key to the drive, launched by President Cyril Ramaphosa in... 

Newest Ctrack Transport and Freight Index shows welcome increase

By: Irma Venter     Updated 1 hour 5 minutes ago The newest Ctrack Transport and Freight Index has shown an 8% increase between the quarter to August and the quarter to May ­– the first time in 13 months that the index moves back into the black. “It is almost a certainty that the broader transport sector will contribute positively to gross... 

Newest Ctrack Transport and Freight Index shows welcome increase

Illegal money flows from Africa near $90bn, UN study says

By: Reuters     Updated 5 hours ago Africa is losing nearly $89-billion a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a UN study showed on Monday. The estimate, in the United Nations Conference on Trade and Development's (Unctad) 248-page report, is its most... 

AMSA brings blast furnace back on line in Vanderbijlpark

By: Marleny Arnoldi     Updated 3 hours ago Primary steel producer ArcelorMittal South Africa (AMSA) has decided to restart Blast Furnace C at its Vanderbijlpark Works operations since steel demand has progressively recovered in the last two months. This follows after the company had put the furnace on idle in July amid low demand.  

South Africa is hatchback country, says AutoTrader

By: Irma Venter     Updated 1 hour 59 minutes ago The Volkswagen Polo is the country’s most-searched-for hatchback under R250 000, with Volkswagen also dominating this important segment of the motor industry, says AutoTrader. AutoTrader is the country’s largest digital automotive marketplace. 

Covid-19 Africa Rapid Grant Fund will support 80 research, science advice projects

By: Marleny Arnoldi     Updated 2 hours 59 minutes ago Eighty projects across 17 African countries have been selected for funding under the Covid-19 Africa Rapid Grant Fund. The fund was launched in May, valued at close to R80-million, or $4.75-million.  

DWS services E Cape communities affected by drought for R6m

By: Yvonne Silaule     Updated 5 hours ago The Department of Water and Sanitation (DWS) and service delivery partner Amatola Water have distributed 5 694 water tanks and 171 water trucks to service communities around the Eastern Cape as part of government’s drought and Covid-19 intervention. DWS spokesperson Sputnik Ratau said while the... 

DWS services E Cape communities affected by drought for R6m

Sendmarc fund to protect South African healthcare workers against phishing attacks

By: Schalk Burger     Updated 5 hours ago Anti-phishing company Sendmarc has established a R1-million fund – the Sendmarc Protect our Protectors programme – to help South Africa’s frontline responders protect their staff, patients and suppliers from phishing attacks amid the Covid-19 global pandemic. The fund was launched in September in... 

Genstar collaborates with US firm to bring antibacterial lighting to South Africa

By: Tasneem Bulbulia     Updated 13 minutes ago A South African company has clinched a deal to distribute a new lighting technology that it says is able to suppress bacteria in the air and on surfaces using a narrow spectrum of visible light. The licensing agreement covering the technology involves Johannesburg-based Genstar Emergency Lighting... 

EPP expects profit recovery in second half of this year 

By: Marleny Arnoldi     Updated 22 minutes ago JSE-listed real estate investment trust EPP has reported a loss of €24-million, or €0.027 a share, for the six months ended June 30, owing to lower tenant activities during the lockdown in Poland, where the company owns a portfolio of 25 retail centres and three office developments. This... 

EPP CEO Tomasz Trzósło discusses some aspects of the company's interim results

Covid-19 highlights critical requirement for a robust defence force

By: Donna Slater     Updated 25 minutes ago Key to South Africa’s combatting of the Covid-19 pandemic has been the efforts of the South African National Defence Force (SANDF), which has been at the “eye of the storm”, having been heavily engaged with combatting the spread of the disease, says National Defence Industry Council director... 

Num supports Cosatu strike against corruption

By: Sane Dhlamini     Updated 25 minutes ago The National Union of Mineworkers (Num) said on Tuesday that it would take part in the Congress of South African Trade Unions’ (Cosatu’s) October 7 strike against corruption. Num said while it noted efforts from President Cyril Ramaphosa to fight corruption, workers were losing confidence in... 

Num supports Cosatu strike against corruption

Treasury seeks comment on second draft of Conduct of Financial institutions Bill

By: Tasneem Bulbulia     Updated 52 minutes ago The National Treasury has invited public comments on the second draft of the Conduct of Financial institutions (COFI) Bill, published on September 29. The first draft of the Bill was published for comment in December 2018. 

Food retailers commit to reduce food waste

By: Yvonne Silaule     Updated 53 minutes ago Leading food retailers in South Africa have asserted their commitment to initiatives that reduce food waste in their businesses, during the launch of the Food Loss and Waste Voluntary Agreement, on Tuesday. The Agreement brings together the Consumer Goods Council of South Africa; the Department... 

Food retailers commit to reduce food waste
Photo by Donna Slater
Environment, Forestry and Fisheries Minister Barbara Creecy

Transnet, Public Enterprises notes passing of board member

By: Tasneem Bulbulia     Updated 53 minutes ago Public Enterprises Minister Pravin Gordon and Transnet board chairperson Popo Molefe  have expressed their sadness at the passing of Transnet director Advocate Oupa Motaung. He joined the board in May 2018. 

SAWEA welcomes gazetting of determination to procure more renewable energy

By: Donna Slater     28th September 2020 The South African Wind Energy Association (SAWEA) welcomes Mineral Resources and Energy Minister Gwede Mantashe’s gazetted Section 34 Ministerial determination to procure more renewable energy from independent power producers (IPPs). SAWEA enthuses that this step takes the wind energy sector one... 

TechSoft to support municipalities in revenue recovery, collections management

By: Tasneem Bulbulia     28th September 2020 Technology solutions provider TechSoft International has developed an integrated and data-rich solution to assist in improving revenue management and collection for struggling municipalities. With the company’s C3 platform, municipal entities are said to be able to leverage a software tool that... 

August PPI increases, pointing to better selling market for manufacturers

By: Donna Slater     28th September 2020 The rate of producer price index (PPI) inflation increased to 2.4% year-on-year in August and was also higher than the 1.9% year-on-year recorded in July, mainly on account of the changes in the food and petroleum subcomponents, financial services company Investec notes. The Steel and... 

Support streams in for campaign to conserve 30% of the planet by 2030

By: Marleny Arnoldi     28th September 2020 The Campaign for Nature has welcomed additional support, pledged by world leaders, for its science-based target to protect 30% of the planet by 2030. Campaign for Nature works with scientists, indigenous people and a growing coalition of conservation organisations around the world to call on... 

Emirates flights to King Shaka International to resume, says MEC

By: Yvonne Silaule     28th September 2020 Airline Emirates will soon resume flights to the King Shaka International Airport, in KwaZulu-Natal,  MEC for Economic Development, Tourism and Environmental Affairs Nomusa Dube-Ncube said on September 28. Flights were previously suspended as a result of the Covid-19-related lockdown in South... 

LG affirms commitment to providing quality air purification solutions for MEA region  

By: Tasneem Bulbulia     28th September 2020 The pandemic has heightened concerns over health and air quality and LG Air Solutions' latest portfolio of air purification solutions for the Middle East and Africa (MEA) region aims to deal with the growing concerns about air quality inside buildings and facilities, as well as outdoors. This was... 

Radisson opens twelfth hotel in South Africa

By: Marleny Arnoldi     28th September 2020 Radisson Hotel Group is on track to open its twelfth hotel in South Africa, with the opening of the Radisson Hotel & Convention Centre Johannesburg which will be launched at OR Tambo International Airport in October. The group first entered the South African market in 2000 and has since grown... 

Radisson opens twelfth hotel in South Africa
The Radisson Hotel & Convention Centre at O.R Tambo International Airport, opening in October

South Africa has 22 operating manganese mines – AmaranthCX ­ 

By: Martin Creamer     28th September 2020 South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... 

South Africa has 22 operating manganese mines – AmaranthCX ­
Mamatwan manganese mine in South Africa's Northern Cape.

Airbus receives firm order from Nato

By: Simone Liedtke     28th September 2020 Airbus has received a firm order for an Airbus A330 Multi-Role Tanker Transport (MRTT) from European organisation, Organisation for Joint Armament Cooperation (OCCAR), for the management of cooperative armament programmes.   The order, which OCCAR has placed on behalf of North Atlantic Treaty... 

Airbus receives firm order from Nato

Sustainable wood-based housing market possible in South Africa, say researchers

By: Simone Liedtke     28th September 2020 Researchers at Stellenbosch University (SU) have found that South Africa has sufficient log resource options for a sustainable wood residential market. SU’s Department of Forest and Wood Science Dr Philip Crafford says the researchers’ study showed that, with the use of wood resources currently... 

Sustainable wood-based housing market possible in South Africa, say researchers

Investec says rand on track to average at R17/$ for third quarter

By: Simone Liedtke     28th September 2020 South Africa’s volatile currency is currently trading at R17.22/$ and is on track to average just under R17/$ for the third quarter of the year, says financial services provider Investec. It reports that high levels of uncertainty continue to plague financial markets, with a second wave of... 

Eskom tests market for Medupi flue gas desulphurisation solutions 

By: Terence Creamer     28th September 2020 State-owned electricity utility Eskom has issued a no-obligation request for information (RFI) in a bid to gain insight into what flue gas desulphurisation (FGD) technologies are currently available and to assess their potential suitability for deployment at the Medupi power station, in Limpopo.... 

Eskom tests market for Medupi flue gas desulphurisation solutions

Battery electric vehicles to make up 25% of Kia sales by 2029

By: Irma Venter     28th September 2020 “By refocusing our business on electrification, we are aiming for battery electric vehicles (BEVs) to account for 25% of our total worldwide sales by 2029,” says Kia president and CEO Ho Sung Song. Kia says it plans to establish a leadership position in the global electric vehicle (EV) market by... 

Battery electric vehicles to make up 25% of Kia sales by 2029
Kia CEO Ho Sung Song

L2D portfolio recovering from Covid-19 blow

By: Simone Liedtke     28th September 2020 While the reopening of the South African economy has contributed to a recovery in trading conditions for Liberty Two Degrees (L2D), the company’s operational performance for the first six months of this year was significantly impacted by the Covid-19 pandemic and the implementation of a national... 

ARA conference to be held virtually next month

By: Simone Liedtke     28th September 2020 Newly appointed executive secretary of the African Refiners and Distributors Association (ARA) Anibor Kragha has called for urgent financing to upgrade oil refineries and associated infrastructure to avoid premature deaths caused by air pollution in developing economies. Speaking ahead of the... 

SA commits $500 000 to empower female financial leaders 

By: Yvonne Silaule     28th September 2020 South Africa has made a commitment of $500 000 to the African Women Impact Fund, which seeks to empower women financial leaders. South African President Cyril Ramaphosa, in his capacity as President of the African Union, said on Monday, during a high level virtual panel hosted by G7 Partnership... 

SA commits $500 000 to empower female financial leaders
AU President Cyril Ramaphosa

South Africa's post coronavirus economic recovery faces risks - Moody's 

By: Reuters     28th September 2020 South Africa's post coronavirus economic recovery will face a number of constraints, with risks of a larger than forecast contraction this year tilted to the upside, ratings firm Moody's said on Monday. A recession deepened by the impact of the coronavirus has frustrated economic reform efforts... 

South Africa's post coronavirus economic recovery faces risks - Moody's

Skilled workers seek jobs on the streets of South Africa

By: Bloomberg     28th September 2020 South Africa is forecast to set an unwelcome world record this week when its statistics agency is predicted to report unemployment rose to a record 34.8% in the second quarter, which would be the highest of 83 countries tracked by Bloomberg. Ayanda Mbatha was among the unlucky ones who joined the... 

Skilled workers seek jobs on the streets of South Africa

juwi appoints Austin as regional director

By: Donna Slater     28th September 2020 Renewable Energy company juwi Renewable Energies has appointed former MD Greg Austin as Europe, Middle East and Africa (EMEA) regional director, effective October 1. He has worked in the renewable energy sector since 2000 and joined juwi in 2012 as South Africa MD.  

juwi appoints Austin as regional director
juwi Renewable Energies incoming Europe, Middle East and Africa regional director Greg Austin

National Treasury seeks conditions on SAA loan guarantees 

By: Bloomberg     28th September 2020 South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter. Treasury and Department of Public Enterprises officials met Saturday to discuss ways to restart... 

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