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Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology

By: Terence Creamer     Updated 4 minutes ago National Energy Regulator of South Africa (Nersa) fulltime member for electricity Nhlanhla Gumede has called for the regulatory methodology used to set electricity tariffs in South Africa to be overhauled, arguing that the multiyear price determination (MYPD) approach is not aligned with the... 

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology
Nersa fulltime member for electricity Nhlanhla Gumede

Nersa to provide concurrence on technology-specific determination this month

By: Terence Creamer     Updated 1 hour 24 minutes ago The National Energy Regulator of South Africa indicated on Thursday that it intended providing concurrence this month for a Ministerial determination that would open the way for the procurement of new electricity generation capacity in line with allocations contained in the 2019 edition of the... 

Nersa to provide concurrence on technology-specific determination this month

June new-vehicle sales decline by 31%, exports down 39%

By: Irma Venter     Updated 6 hours ago The South African new-vehicle market returned to its first full month of sales in June since the Covid-19 lockdown started.  However, this did not mean a return to the level of sales seen before the pandemic, as the domestic market remains under pressure. 

June new-vehicle sales decline by 31%, exports down 39%

Value of AutoTrader used-car sales surge to R7.3bn in June

By: Irma Venter     Updated 2 hours 45 minutes ago AutoTrader data shows that the value of used-car sales through its platform increased by 46% month-on-month in June, while the market in the Western Cape – which saw a 101% increase in sales last month – is on the boil.  The Volkswagen Polo Vivo was the most popular used car sold in the Western... 

Value of AutoTrader used-car sales surge to R7.3bn in June

Local medical radioisotope producer continues exports despite lockdown

By: Rebecca Campbell     Updated 7 hours ago South African Nuclear Energy Corporation (Necsa) subsidiary company NTP Radioisotopes (NTP) has reported that, since the imposition of South Africa’s national lockdown in late March, it had been able to dispatch more than 120 shipments of medical radioisotopes to customers around the world. Both... 

Two killed, seven injured in incident at Astron's Milnerton refinery

By: Marleny Arnoldi     Updated 5 hours ago Petrochemicals company Astron Energy has confirmed that two people were killed and seven injured in a fire at its 100 000 bbl/d Milnerton refinery, in the Western Cape, in the early hours of July 2. The company immediately activated its emergency response procedures and notified the relevant... 

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear 

By: Terence Creamer     1st July 2020 Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions... 

 Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

Global efforts needed to fast-track clean energy innovation

By: Simone Liedtke     Updated 5 hours ago A significant and concerted global push to accelerate innovation will be needed to pave the way to the energy sector reaching net-zero emissions, according to International Energy Agency’s (IEA’s) Energy Technology Perspectives (ETP) Special Report on Clean Energy Innovation. The report discusses... 

Engineering News & Mining Weekly e-magazine now available

2nd July 2020 For the duration of South Africa’s 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

New study pushes for safer used vehicles to be imported into Africa 

By: Irma Venter     1st July 2020 A new study by the Automobile Association of South Africa (AA), funded by the Fédération Internationale de l’Automobile (FIA) Region I, shows that the unregulated importation of cars into many African countries has had a negative effect on the continent’s environment, health, society and economy.... 

New study pushes for safer used vehicles to be imported into Africa

Tongaat concludes sale of Namibian assets

By: Marleny Arnoldi     Updated 5 hours ago JSE-listed sugar manufacturer Tongaat Hulett has announced that all conditions precedent related to the sale of its entire sugar packaging and distribution business in Namibia have been fulfilled. The company sold these assets, effective July 1, to breakfast cereal company Bokomo Namibia for... 

TFR implementing new online truck scheduling system at City Deep Terminal

By: Simone Liedtke     Updated 5 hours ago Transnet Freight Rail (TFR) will implement the Navis Truck Appointment System at its City Deep Terminal in Johannesburg from July 6. The online truck scheduling system will not only regulate the flow of trucks to the terminal, but will also enable physical distancing during the Covid-19 pandemic. 

Platinum group metals in pole position to benefit from global decarbonisation thrust  

By: Martin Creamer     1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... 

AP Ventures founding partner Kevin Eggers interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Easing lockdown lifts South Africa's Absa PMI in June

By: Reuters     1st July 2020 South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales. The index, which gauges manufacturing activity in Africa's most industrialised economy, rose to 53.9 points in June from 50.2... 

Policy uncertainty in South Africa remains high, implementation risks remain

By: Schalk Burger     1st July 2020 The North West University (NWU) Business School's quarterly Policy Uncertainty Index (PUI) remained high at 57.4% in the second quarter of the year, an improvement on the 59.8% during the first quarter of the year. It remains at the highest levels since the PUI was launched in early 2016,  notes... 

2018/19 audit of local governments paints ‘undesirable picture’, says AG

By: Simone Liedtke     1st July 2020 Auditor-General (AG) Kimi Makwetu released the audit outcomes for local government for the 2018/19 financial year, wherein 257 municipalities and 21 municipal entities were audited. This report is Makwetu’s last as his fixed seven-year term as AG comes to an end on November 30. 

JSE fines Tongaat R7.5m for prior incorrect financial statements

By: Marleny Arnoldi     1st July 2020 The JSE has imposed a public censure on sugar company Tongaat Hulett and imposed the maximum permissible fine of R7.5-million following the company’s breach of listing requirements. The breach relates to incorrect and misleading financial statements that Tongaat published between 2011 and 2018.  

M&R subsidiary awarded EPC contract for urea plant in Western Australia

By: Marleny Arnoldi     1st July 2020 JSE-listed construction group Murray & Roberts’ (M&R’s) wholly-owned subsidiary Clough has been selected as the engineering, procurement and construction contractor (EPC) for the development of Perdaman Industries’ multibillion-dollar urea plant on the Burrup Peninsula, in Western Australia.... 

South Africa adopts new LPG pricing formula

By: Marleny Arnoldi     1st July 2020 The Department of Mineral Resources and Energy has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices. The formula is linked to global energy and commodity price reporting agency Argus’ calculations of freight and logistics costs.  

Insurers’ rejection of Covid-19 claims severely impacting tourism, hospitality sectors 

By: Tasneem Bulbulia     1st July 2020 The South African tourism and hospitality sector has been “decimated” by the Covid-19 pandemic and subsequent lockdown, and jobs and businesses are at risk owing to insurance companies continuing to reject claims related to the Covid-19 pandemic. This was indicated by specialist public loss... 

Insurance Claims Africa CEO Ryan Woolley provides an overview and update of the process of Insurance Claims Africa’s acting on behalf of almost 500 claimants in the tourism and hospitality sector, against a number of large insurers who are rejecting business interruption claims related to the Covid-19 pandemic

VW’s Lionesses Den initiative seeks to reward female entrepreneurs

By: Irma Venter     1st July 2020 Volkswagen and the Lionesses of Africa are on the hunt for three exceptional business pitches to win a total of R175 000 cash. As part of its partnership with Lionesses of Africa, the one-million-plus-strong all-female business network in Africa, Volkswagen has introduced 'The Lionesses Den' and... 

VW’s Lionesses Den initiative seeks to reward female entrepreneurs

Transnet appoints new CFO

By: Donna Slater     1st July 2020 State-owned freight logistics company Transnet has appointed Nonkululeko Dlamini group CFO, with effect from July 1. Dlamini, who will also serve as an executive director on the Transnet board, is a seasoned executive, with almost 20 years’ experience in financial roles at State-owned companies,... 

Blue Drop trailer launched to monitor water quality in the Free State

By: Natasha Odendaal     1st July 2020 The Department of Water and Sanitation (DWS) has launched a mobile trailer to monitor water quality in different municipalities in the Free State. The Blue Drop trailer boasts a mini water testing laboratory comprising three panels that can monitor operational parameters such as PH, turbidity,... 

ELB’s delisting-linked offers send up share price

By: Martin Creamer     1st July 2020 The board of directors of ELB on Wednesday made delisting-linked offer to its shareholders, which saw its share price rise. By late afternoon, the JSE-listed company’s price had risen by 54.17% to R1.85 a share. The capital equipment and engineering solutions group proposed a transaction to... 

ELB’s delisting-linked offers send up share price
Photo by Creamer Media
Gamsberg zinc mine project in the Northern Cape, where ELB Engineering Services was active.

Cement sector welcomes Sidssa commitments, urges increased local content

By: Tasneem Bulbulia     1st July 2020 The South African cement industry, represented by industry organisation, The Concrete Institute (TCI), has welcomed the outcomes of the Sustainable Infrastructure Development Symposium South Africa (Sidssa), held last week.  The symposium was convened by Dr Kgosientso Ramokgopa, head of the... 

South Africa’s defence electronics sector sees significant acquisition deal

By: Rebecca Campbell     1st July 2020 Local defence company Hensoldt South Africa (Hensoldt SA) has agreed to buy the Defence and Security and Air Traffic Management (ATM) business units of another South African company, Tellumat. The agreement was signed in a virtual ceremony on June 26. It will come into force once all the... 

GIBS appoints new Dean

By: Simone Liedtke     1st July 2020 The Gordon Institute of Business Science (GIBS) has appointed Dr Morris Mthombeni as Dean. He took up the position on July 1, succeeding Professor Nicola Kleyn, who resigned from the position after having held it for the past five years. 

Covid-19 had ‘significant impact’ on Long4Life’s businesses

By: Simone Liedtke     1st July 2020 The outbreak of the Covid-19 virus and subsequent government prescribed lockdown has had a significant impact on JSE-listed lifestyle investment company Long4Life’s various businesses, CEO Brian Joffe told shareholders during an annual general meeting (AGM) on July 1. The requirement to close all... 

Famous Brands renews caution on GBK Restaurants funding

By: Donna Slater     1st July 2020 Branded franchised and food services business Famous Brands has renewed its cautionary statement in respect of GBK Restaurants and its ceasing of providing any further financial assistance to GBK. On May 20, the board of directors of Famous Brands took the decision to stop providing financial... 

Oando celebrates construction start of Nigerian gas pipeline project

By: Tasneem Bulbulia     1st July 2020 JSE-listed Oando attended as a consortium partner at the flag-off ceremony for the construction of the $2.8-billion, 40-inch and 614 km Ajaokuta-Kaduna-Kano (KKK) gas pipeline project, in Nigeria, by President Muhammadu Buhari on June 30. The AKK pipeline project, championed by two consortia... 

Airbus announces widespread job cuts to deal with effects of Covid-19 crisis

By: Rebecca Campbell     1st July 2020 Europe-based global major aerospace group Airbus announced at the end of June that it was going to have to cut 15 000 jobs over the next 12 months – from now until the northern summer of 2021 – and resize the operations of its commercial aircraft business. These steps were being taken to meet the... 

Airbus announces widespread job cuts to deal with effects of Covid-19 crisis
Photo by Airbus
Members of all Airbus’ current airliner families in flight – from front to rear: an A220-300, an A319neo, an A330neo, an A350-1000, a Beluga transport (developed for Airbus’ own use) and an A380

Icasa to publish WOAN, spectrum invitation

By: Natasha Odendaal     Updated 3 minutes ago The Independent Communications Authority of South Africa (Icasa) is preparing to publish the Invitation To Apply (ITA) for both the Wireless Open Access Network (WOAN) and the International Mobile Telecommunications (IMT) spectrum. While Icasa has made “extensive progress” in developing both ITAs... 

South Africa records first current account surplus in 17 years

By: Reuters     Updated 4 minutes ago South Africa recorded its first current account surplus in 17 years in the first quarter of 2020 as the trade balance more than doubled, central bank data showed on Thursday. The current account swung to a surplus of 1.3% of gross domestic product, or 69.7 billion rand ($4.12 billion), in... 

Pandemic severely impacting on tourism, but there are positives, says WHO

By: Tasneem Bulbulia     Updated 9 minutes ago The Covid-19 pandemic has had a massive impact on tourism and travel in Africa; however, there are opportunities for the tourism sector in the medium term, and potential for recovery as borders start reopening, speakers said during a World Health Organisation- (WHO-) hosted webinar on July 2. WHO... 

AMSA clarifies details of safeguard application for structural steel products

By: Schalk Burger     Updated 18 minutes ago ArcelorMittal South Africa (AMSA) on July 1 said it had, in collaboration with Evraz Highveld Steel, applied for safeguards on structural steel products produced at the Highveld Structural Mill, being the only producer of these products in the country. AMSA emphasised that it haD not approached... 

Covid kills 13 mineworkers, no foreigners back at work

By: Martin Creamer     Updated 20 minutes ago Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum in North West province, which has the most cases at 1 413 and the... 

Covid kills 13 mineworkers, no foreigners back at work
Photo by MINERALS COUNCIL SOUTH AFRICA
The new normal at South Africa's mines.

Coca-Cola Company appoints new Africa, Middle East leaders to tap opportunities

By: Schalk Burger     Updated 22 minutes ago Beverage multinational The Coca-Cola Company on July 2 announced the appointment of Matrona Filippou as its business unit president for the Southern and East Africa region, while former Southern and East Africa region president Bruno Pietracci has taken up the position as Africa & Middle East... 

Proudly SA launches new ‘buy local’ campaign

By: Simone Liedtke     Updated 25 minutes ago Proudly South African (SA) this week launched its new “Buy Local” consumer education campaign that will go live on various platforms, including television, on July 3. The campaign calls on all South African citizens to contribute to putting the local economy and South Africans back to work by... 

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