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MPA sets its sights on further growth through Mott MacDonald Africa buyout 

By: Tasneem Bulbulia     3rd August 2020 100% black women-owned and managed civil and structural engineering consulting firm Malani Padayachee & Associates (MPA) and investment holding company Motseng Women Investments has acquired 100% equity of Mott MacDonald Africa, the South African engineering entity of Mott MacDonald.  MPA will be... 

MPA sets its sights on further growth through Mott MacDonald Africa buyout
Malani Padayachee-Saman and Ipeleng Mkhari

Schäfer leaves VWSA to become ŠKODA Auto CEO 

By: Irma Venter     3rd August 2020 Volkswagen Group South Africa (VWSA) chairperson and MD Thomas Schäfer is departing the local arm of the German car maker to join ŠKODA Auto as its new global CEO, effective August 3. The Czech brand has been part of the Volkswagen group since 1991. 

Schäfer leaves VWSA to become ŠKODA Auto CEO
Thomas Schäfer

Used-car market value climbs 3.8% to more than R100bn, says AutoTrader 

By: Irma Venter     3rd August 2020 AutoTrader’s new yearly used-car industry report, launched on August 3, shows that South Africans used the country’s largest digital used-car trading portal to conduct 401-million online searches from July last year to the end of June this year.  This is an all-time record and an almost 40%... 

Used-car market value climbs 3.8% to more than R100bn, says AutoTrader

Sasol calls for bids for 10 MW solar plants at Mpumalanga, Free State operations

By: Terence Creamer     3rd August 2020 Chemicals and energy group Sasol has issued a request for proposals (RFP) for the development of two embedded solar photovoltaic (PV) facilities of 10 MW apiece at its operations in Secunda, in Mpumalanga, and Sasolburg, in the Free State. The closing date for submissions is Friday, October 2. 

Sasol calls for bids for 10 MW solar plants at Mpumalanga, Free State operations
The Secunda complex

Eskom, SIU issue summonses to recover State capture funds 

By: Donna Slater     3rd August 2020 State-owned power utility Eskom and the Special Investigating Unit (SIU) on August 3 issued summonses in the North Gauteng High Court to recover funds from former Eskom executives, board members and members of the Gupta family and their associates, as well as others. "The funds were lost in a... 

Absa’s July PMI inches down, but remains above neutral 50-point mark

By: Simone Liedtke     3rd August 2020 The Absa Purchasing Managers’ Index (PMI) for July declined to 51.2 index points, from 53.9 in June, but stayed above the neutral 50-point mark for a third consecutive month. Absa and the Bureau for Economic Research (BER), which compiles the PMI on behalf of Absa, say this suggests that official... 

Treasury invites comment on Itac metal export tax rates recommendations

By: Marleny Arnoldi     3rd August 2020 The National Treasury and the South African Revenue Service (Sars) have published, for public comment, the various draft taxation documents, including the proposed introduction of an export tax on scrap metals. This follows after Trade, Industry and Competition Minister Ebrahim Patel issued a... 

Neasa approaches High Court to stop new steel import duties

By: Marleny Arnoldi     3rd August 2020 The National Employers’ Association of South Africa (Neasa) has filed an urgent application in the Gauteng High Court to stop the implementation by the International trade Administration Commission of South Africa (Itac) of a 10% import tariff and custom duties on coated flat-rolled products.... 

SAB reconsidering capex projects worth billions amid alcohol sales ban

By: Simone Liedtke     3rd August 2020 South African Breweries (SAB) has cancelled R2.5-billion of scheduled investments that were earmarked as part of its yearly capital and infrastructure upgrade programme. These funds were previously scheduled as part of its capital allocation programme for this financial year, while an additional... 

SAB reconsidering capex projects worth billions amid alcohol sales ban

SA alcohol ban costs economy R15.4bn in taxes – Distell

By: African News Agency      3rd August 2020 Multinational brewing and beverage company Distell said on Monday the alcohol industry had already lost 118 000 jobs while nearly 800 small and medium sized liquor manufacturers faced bankruptcy as a result of the South African government's ban on sales to try and contain Covid-19. In a... 

SA alcohol ban costs economy R15.4bn in taxes – Distell

TIPS: Towards a reconstruction programme

3rd August 2020 In this policy brief, research organisation Trade and Industrial Policy Strategies (TIPS) South Africa's post-Covid-19 recovery. The Covid-19 pandemic has dealt a body blow to the global economy, and South Africa is no exception. Recovery will not succeed, however, unless it addresses the... 

New property developments add resiliency to industry in face of Covid-19

By: Donna Slater     3rd August 2020 JSE-listed diversified real estate investment trust (Reit) Redefine Properties says accelerating trends like e-commerce and data centres are adding resiliency to industrial property against the backdrop of the Covid-19 pandemic.  The company points out that, as people’s daily lives move online,... 

New property developments add resiliency to industry in face of Covid-19
Redefine industrial national asset manager Johann Nell

Employees come up with a plan to save regional airline SA Express

By: Rebecca Campbell     3rd August 2020 A group of employees of State-owned regional airline SA Express (SAX), which is currently under provisional liquidation, have employed equity crowdfunding platform Uprise.Africa to help them raise capital to save the airline. They believe that, with the right strategy, the airline could be viable... 

Renergen spuds first well as expected

By: Simone Liedtke     3rd August 2020 The drill rig at emerging natural gas and helium producer Renergen’s Virginia gas project production hub, in the Free State, is preparing to spud the first well in the programme. The upcoming programme of inclined wells target the gas productive fracture systems at the project. 

Durban Container Terminal takes delivery of more straddle carriers

By: Tasneem Bulbulia     3rd August 2020 The Durban Container Terminal (DCT) Pier 2 has taken delivery of a further 13 electric straddle carriers, improving the availability and reliability of equipment across waterside, landside and rail operations. In total, DCT Pier 2 now has 15 new electric straddle carriers that are planned for... 

Durban Container Terminal takes delivery of more straddle carriers
BBC Orion arrives in DBN from Poland carrying 13 new generation straddle carriers

Nedbank inks partnership to enable homeowners to leverage loans to install solar PV

By: Donna Slater     3rd August 2020 Financial services provider Nedbank has partnered with the South African Photovoltaic Industry Association (SAPVIA) through its PV GreenCard accreditation in an effort to increase access to and the affordability of installing renewable energy solutions for homeowners. Through the partnership,... 

More German expertise to reactivate South African industry on its way

By: Rebecca Campbell     3rd August 2020 The German Embassy in South Africa expects further technical experts from that country to arrive in South Africa, subject to the approval of the South African government. The first contingent of these experts, sent to help reactivate and upgrade German-owned factories and service companies in... 

Petrol price to rise by 5c a litre, diesel by 45c a litre in August

By: Tasneem Bulbulia     3rd August 2020 Mineral Resources and Energy Minister Gwede Mantashe has announced the adjustment of fuel prices, with effect from August 5, with increases across the board, save for liquid petroleum gas (LPGas). Petrol prices will rise by 5c a litre for all grades, while diesel prices will rise by 45c a litre... 

Tribunal confirms order against Japan-based company

By: Tasneem Bulbulia     3rd August 2020 The Competition Commission has welcomed the decision by the Competition Tribunal to confirm, as an order, the consent agreement between the commission and a Japanese company, Sumitomo Electric Industries (SEI), for fixing prices, dividing market and collusive tendering in contravention of the... 

Exchange control lifting sends strong growth message – Anglo

By: Martin Creamer     Updated 9 minutes ago The lifting of exchange control by South Africa sends a really strong message about the country’s desire to promote investment and growth, says Anglo American finance director Stephen Pearce. He gave South Africa a pat on the back during Anglo’s virtual presentation of half-year results last... 

Exchange control lifting sends strong growth message – Anglo
Anglo American finance director Stephen Pearce

Neasa approaches High Court to stop new steel import duties

By: Marleny Arnoldi     3rd August 2020 The National Employers’ Association of South Africa (Neasa) has filed an urgent application in the Gauteng High Court to stop the implementation by the International trade Administration Commission of South Africa (Itac) of a 10% import tariff and custom duties on coated flat-rolled products.... 

Alcohol industry welcomes SAMRC's call to lift alcohol ban

By: Donna Slater     3rd August 2020 Stakeholders in the alcohol industry welcomed a recent call by the South African Medical Research Council (SAMRC) for government to start preparing for the lifting of the ban on the formal sale of alcohol. According to the alcohol industry, the call made by SAMRC president Dr Glenda Gray and... 

Former SARB chief economist Dr Monde Mnyande dies

By: Simone Liedtke     3rd August 2020 Former South African Reserve Bank (SARB) chief economist and executive GM Dr Monde Mnyande passed away on August 2 following a short illness. Mineral Resources and Energy Minister Gwede Mantashe on August 3 said Mnyande joined the Department of Mineral Resources and Energy (DMRE) team when he was... 

Maxam launches new integrated blasting service

By: Simone Liedtke     3rd August 2020 Energetic materials manufacturer Maxam has officially launched its new integrated blasting service, called X-Energy, which is aimed at addressing and optimising the total cost of ownership in mining, quarrying and infrastructure operations through a continuous improvement spiral.   

Maxam launches new integrated blasting service

Air Envirotech launched to assist mining industry in creating ‘cleaner air’

By: Simone Liedtke     3rd August 2020 Air pollution, dust control and pneumatic product handling specialists Air Envirotech has started operating, providing a comprehensive range of air environmental and pneumatic conveying services, systems and technologies. The company mainly focuses on the mining, metallurgical processing and... 

Corruption during a national disaster is heinous – Ramaphosa 

By: Sane Dhlamini     3rd August 2020 President Cyril Ramaphosa on Monday addressed the corrupt activities that have recently made headlines, labelling corruption during a national disaster as a heinous crime and revealed that he would be receiving interim progress reports every six weeks, on various cases. He promised that... 

Corruption during a national disaster is heinous – Ramaphosa
President Cyril Ramaphosa

Bushveld Minerals advances plans to support VRFB development 

By: Simone Liedtke     3rd August 2020 Aim-listed Bushveld Minerals has advanced the acquisition of Austrian group Enerox by acquiring a further 65.1% of the investment vehicle’s share capital through Enerox Holdings Limited (EHL). EHL is a newly incorporated investment vehicle formed by a consortium of investors, including Bushveld... 

SpaceX’s first crewed mission ends successfully with safe splashdown

By: Rebecca Campbell     3rd August 2020 The first ever commercial crewed spacecraft mission ended successfully on Sunday when the Crew Dragon capsule plashed down in the Gulf of Mexico off the coast of the US state of Florida. The spacecraft, designed, developed, owned and operated by private-sector company SpaceX, was carrying US... 

SpaceX’s first crewed mission ends successfully with safe splashdown
Photo by Nasa
Crew Dragon capsule Endeavour moments before splashdown

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

Crop nutrients have double potential of coal being exited – Anglo
Photo by Anglo American
Anglo American's Woodsmith polyhalite mining shaft under construction.

Results show Boeing hit hard by both Covid-19 and continued 737 MAX grounding

By: Rebecca Campbell     31st July 2020 Giant US aerospace group Boeing has reported that its revenues for the first half of this year (1H20) were 26% down on those for the same period last year (1H19). In numbers, 1H20 revenues came to $28.72-billion as against $38.67-billion in 1H19. It suffered a net loss of $3.04-billion in 1H20... 

Wits researchers achieve major leap forward in secure quantum communication

By: Rebecca Campbell     31st July 2020 University of the Witwatersrand (Wits) scientists have achieved a major advance in the field of secure quantum communications, the university announced on Friday. The team, led by School of Physics Professor Andrew Forbes, has had its research paper published online by Laser & Photonics Reviews.... 

Bell Equipment dismisses takeover offer rumour

By: Marleny Arnoldi     31st July 2020 Listed industrial group Bell Equipment on Friday dismissed rumours that it had received an offer for a shareholding in the company. Bell was responding to an article that appeared in financial daily Business Day, which reports that the group had received a takeover offer from Chinese firm... 

Sithole to assume PIC office on August 1

By: Simone Liedtke     31st July 2020 Newly-appointed Public Investment Corporation (PIC) CEO Abel Sithole will assume his duties from August 1. Sithole’s appointment was announced on May 27, following Cabinet approval. 

South Africa trade surplus swells to record on weak imports

By: Bloomberg     31st July 2020 South Africa’s trade surplus swelled to a record after eased lockdown restrictions allowed more exports, while demand for imports weakened. The positive trade balance widened to R46.6-billion last month from a revised R19.7-billion in May, the South African Revenue Services said Friday in a... 

SKF targets full carbon-neutral manufacturing by 2030

By: Marleny Arnoldi     31st July 2020 Bearing manufacturer SKF is aiming to have its factories carbon neutral by 2030, the Swedish group has announced. The company has already decreased its manufacturing carbon footprint by 36% since 2015 and is operating two carbon-neutral factories.  

Business for South Africa issues call to action on local procurement

By: Donna Slater     31st July 2020 Business for South Africa (BSA) has issued a call to action for corporate South Africa to undertake four actions to assist local procurement during the Covid-19 pandemic. The BSA, an alliance of the main business groups, is calling on companies to review their procurement practices and to give... 

Solidarity Fund ramps up farming, food assistance

By: Marleny Arnoldi     31st July 2020 South Africa’s national Solidarity Fund has ramped up its efforts to bring relief to those most affected by the Covid-19 pandemic. The fund has been focusing its efforts since its inception in March on humanitarian efforts, as well as medical supplies, but food relief and gender-based violence... 

Strategic partnerships in science, technology will aid economic recovery – Ramaphosa

By: News24Wire      31st July 2020 Strategic partnerships in science, technology and innovation will play an essential role in economic recovery, President Cyril Ramaphosa has said. Higher Education, Science and Technology Minister Blade Nzimande delivered the president's speech on his behalf during the National Summit on Science... 

Strategic partnerships in science, technology will aid economic recovery – Ramaphosa
President Cyril Ramaphosa

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