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DTIC publishes draft green paper on electric vehicle production 

By: Irma Venter     Updated 7 hours ago The Department of Trade, Industry and Competition (DTIC) has issued a Draft Green Paper on the Advancement of New-Energy Vehicles in South Africa. New-energy vehicles (NEVs) includes hybrids, battery electric vehicles (EVs) and fuel-cell vehicles. 

DTIC publishes draft green paper on electric vehicle production

Patel says vision for R200bn in additional localisation has top-level corporate backing 

By: Terence Creamer     18th May 2021 Trade, Industry and Competition Minister Ebrahim Patel announced that an “accord” had been reached at the National Economic Development and Labour Council (Nedlac) to drive progressive localisation of up to R200-billion of additional production over a five-year period. Delivering his virtual... 

Patel says vision for R200bn in additional localisation has top-level corporate backing
Trade, Industry and Competition Minister Ebrahim Patel

Mantashe again swats away calls for 50 MW licence-exemption cap on distributed plants 

By: Terence Creamer     Updated 6 hours ago Mineral Resources and Energy Minister Gwede Mantashe has again swatted aside calls for a 50 MW licence-exemption threshold for distributed-generation plants, describing such calls, which have been made by organised business and even endorsed by Eskom, as “academic” in light of a departmental... 

Mantashe again swats away calls for 50 MW licence-exemption cap on distributed plants
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study 

By: Terence Creamer     18th May 2021 A new and far-reaching study of how to transition the global energy system to one with net-zero carbon emissions by 2050 highlights the need for a dramatic acceleration in the pace and scale of renewable-energy and grid investment, while simultaneously halting new fossil-fuel supply projects and... 

No place for new coal in $5tr/y transition to net-zero by 2050 – IEA study

Rising African challenges prevent investment opportunities, says Fidic

By: Schalk Burger     Updated 6 hours ago The growing challenges in Africa can be addressed through the availability of green and climate-resilience funding, as well as impact investment, if engineering solutions support sustainable, environment-friendly and climate resilient built environment and infrastructure development, speakers... 

Vodacom reports increases across the board in FY21

By: Natasha Odendaal     18th May 2021 Telecommunications giant Vodacom has reported growth across the board for the year ended March 31, 2021, as it navigates the sudden shifts in consumer behaviour patterns. The group invested heavily in the resilience of its networks to cope with significant increases in mobile data traffic volumes... 

Telkom expects to report triple digit growth in earnings

By: Natasha Odendaal     18th May 2021 Telecommunications group Telkom expects to report a 145% to 155% increase in headline earnings a share to between 509.9c and 530.7c for the year ended March 31, 2021. Basic earnings a share is expected to increase by 300% to 310% to between 484.4c and 496.5c. 

Solidarity says to serve court papers on Minister Sisulu over Cubans

By: Creamer Media Reporter      18th May 2021 Trade union Solidarity says it will serve court papers on Human Settlements, Water and Sanitation Minister Lindiwe Sisulu to force the disclosure of information and stop the deployment of the Cuban engineers, pending an application for a review of the government’s decision.   This follows after... 

Kibo, IGES to develop portfolio of waste-to-energy projects in South Africa

By: Chanel de Bruyn     18th May 2021 The share price of JSE- and Aim-listed Kibo Energy rose by more than 7% and 3% on the JSE and LSE, respectively, on May 18, after the company announced that it had entered into an agreement with South Africa-based Industrial Green Solutions (IGES) to jointly develop a series of waste-to-energy... 

NHFC to help subsidise 7 000 homes for first-time buyers in 2021/22

By: Yvonne Silaule     Updated 7 hours ago Development finance institution the National Housing Finance Corporation (NFHC) has allocated R3.2-billion towards the Finance Linked Individual Subsidy Programme (FLISP) for the 2021/22 financial year. The aim is to subsidise more than 7 000 homes across the country, Human Settlements, Water and... 

Significant KZN area declared a protected environment

By: Natasha Odendaal     18th May 2021 A new declaration will see the formal protection of a 25 000 ha area between the towns of Paulpietersburg and Utrecht within the Amajuba and Zululand district municipalities in KwaZulu-Natal. The new Elandsberg Protected Environment, which was gazetted on May 13, is a significant step in efforts... 

Heineken in takeover talks with South African wine and spirits maker Distell

By: Reuters     18th May 2021 South Africa's Distell said on Tuesday that Heineken NV, the world's second-largest brewer, has approached the wine, cider and spirits company regarding the potential acquisition of majority of its business. Distell said the parties are in discussions and warned shareholders to exercise caution... 

Illovo subsidiary embarks on $239m sugar expansion project in Tanzania

By: Creamer Media Reporter      18th May 2021 Tanzanian sugar producer Kilombero Sugar Company, in which Illovo Sugar Africa holds a 75% stake and the government a 25% interest, has approved a TSh571.6-billion, or about $238.5-million, expansion project. The expansion project, which is in alignment with Tanzania's policy to achieve... 

Rolls-Royce-led consortium unveils optimised design for its small modular reactor

By: Rebecca Campbell     18th May 2021 UK-based global industrial technology group Rolls-Royce has announced that the small modular nuclear reactor (SMR) consortium that it leads has upgraded the SMR’s design and increased its power output. This announcement, on Monday, marked the completion of the first phase of the project, which... 

Rolls-Royce-led consortium unveils optimised design for its small modular reactor
Photo by Rolls-Royce
An artist’s impression of the upgraded and optimised UK SMR design

Three European Union countries agree to demonstration phase of new fighter project

By: Rebecca Campbell     18th May 2021 On Monday, the Defence Ministers of France, Germany and Spain jointly announced the start of the next two phases in the three countries’ joint Future Combat Air System (FCAS) New Generation Fighter (NGF) programme. (FCAS, also known by its French name of Système de Combat Aérien du Futur, has two... 

Three European Union countries agree to demonstration phase of new fighter project
Photo by Airbus
An artist’s impression of the New Generation Fighter, with new generation uncrewed combat air vehicles

Fossil fuel giants and banks under fire for rise in single-use plastics

By: Reuters     18th May 2021 Production of single-use plastics is set to grow 30% in the next five years, fuelling their contribution to global warming and ocean pollution, researchers said on Tuesday as they published a list of companies that manufacture and fund throwaway plastic. The first "Plastic Waste Makers Index",... 

Hydrogen providing PGM opportunity similar to 90s emissions boost – Sibanye 

By: Martin Creamer     Updated 5 hours ago The advent of the hydrogen economy is providing an opportunity for platinum group metals (PGMs) similar what occurred in the 1990s when the PGM market faced a structural boost driven by stringent emissions regulations, Sibanye-Stillwater COO Richard Stewart said on Tuesday. Particularly for the... 

Hydrogen providing PGM opportunity similar to 90s emissions boost – Sibanye
Sibanye-Stillwater COO Richard Stewart

Load-shedding suspended until Tuesday evening

By: News24Wire      Updated 7 hours ago Eskom has suspended load-shedding for Tuesday morning and afternoon, and is expected to implement it again at 17:00. The power utility said the round of stage 2 cuts will then run until 22:00 on Tuesday night, the original ending time for the round of load-shedding announced on Sunday. "Over the... 

Load-shedding suspended until Tuesday evening

Asian demand for South African export coal remains strong – Seriti 

By: Martin Creamer     18th May 2021 Seriti Resources, which will take over South African Energy Coal (SAEC) from South32 on June 1, is particularly excited about the opportunity as the Seriti group to start now exporting coal in addition to continuing to support coal flows into Eskom. “We note that Asian demand for South African... 

Asian demand for South African export coal remains strong – Seriti
Doug Gain

South Africa's weak growth could fuel socioeconomic tensions - Moody's 

By: Reuters     18th May 2021 South Africa's low economic growth and rising debt burden could see socioeconomic tension intensify and impede policy reforms, ratings firm Moody's said in a research note on Tuesday. The note, an extract from the credit firm's annual report published on Monday, said South Africa's credit profile... 

South Africa's weak growth could fuel socioeconomic tensions - Moody's

Minibus taxis under closer scrutiny through W Cape's Blue Dot initiative

By: News24Wire      18th May 2021 The Western Cape transport department launched its Blue Dot taxi pilot project at the weekend which aims to address violence in the taxi industry and to offer commuters an improved service. The project is an incentive scheme to reward improved minibus taxi driving behaviour and service quality... 

Mozambique attacks expected on the agenda as Ramaphosa attends Africa summit in Paris

By: News24Wire      18th May 2021 The situation in Mozambique is one of the issues expected to be on the agenda during a summit on the financing of African economies organised by French President Emmanuel Macron with African leaders on Tuesday. President Cyril Ramaphosa, who was late in confirming his physical attendance at the... 

 Mozambique attacks expected on the agenda as Ramaphosa attends Africa summit in Paris
French President Emmanuel Macron & South African President Cyril Ramaphosa

Business wants jobs and competitiveness prioritised amid 20% import-substitution request 

By: Terence Creamer     17th May 2021 Organised business is preparing to intensify engagements with government and labour over growing calls for higher levels of localisation and industrialisation, including in the country’s infrastructure roll-out, as well as in response to a “request” by Trade, Industry and Competition Minister... 

Business wants jobs and competitiveness prioritised amid 20% import-substitution request

SAWEA hails decade of clean energy in the country

By: Tasneem Bulbulia     17th May 2021 May is National Energy Month in South Africa and, as the renewable energy sector commemorates a decade of clean power in the country, industry organisation the South Africa Wind Energy Association (SAWEA) has noted the contribution the country’s operational wind farms are making.  “Energy Month... 

SAEC name change to Seriti Power signals coal miner’s new broader energy vision   

By: Martin Creamer     17th May 2021 The change of name of South African Energy Coal (SAEC) to Seriti Power when South32’s coal assets become absorbed into Seriti Resources from June is indicative of Sereti Resources seeing opportunities in general energy beyond coal, CEO Mike Teke said on Monday. SAEC is the name that the ASX- and... 

Seriti CEO Mike Teke interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Transnet doubles capacity as it gears up for grain season

By: Marleny Arnoldi     17th May 2021 State-owned Transnet Freight Rail (TFR) has doubled the capacity available to transport grain from Bethlehem, in the Free State, by rail to the country's ports for export. The State-owned freight utility plans to move 550 000 t of export grain this season – which will be a 133% increase on the... 

Transnet doubles capacity as it gears up for grain season
Photo by Creamer Media's Donna Slater
VKB Agriculture loads Transnet grain wagons at its Bethlehem silo rail siding at the start of the grain export season on May 17

High feed costs, imports dent Astral’s interim performance

By: Tasneem Bulbulia     17th May 2021 Despite an increase in revenue for the six months ended March 31, integrated poultry producer Astral Foods’ results for the interim period mirrored the many challenges being faced by the poultry industry at large, including high feed input costs not recovered in broiler selling prices and... 

Risks to economy ‘well known’ as South Africa faces third wave concerns

By: Simone Liedtke     17th May 2021 With the prospect of a third wave of Covid-19 infections a concern in South Africa, the risks to the economy of repeating past mistakes are “clear and well known”, laments Business Leadership South Africa (BLSA) CEO Busi Mavuso in her weekly newsletter. She refers to certain segments of the... 

Calgro stabilises cash flow, doubles units under development

By: Schalk Burger     17th May 2021 JSE-listed residential property investment company Calgro M3 has restructured the process of handing over units to ensure a consistent number each month, which has stabilised cash flows and reduced the company's capital exposure. The company has also restructured its debt with only R70-million in... 

SpaceX’s plans for first orbital test flight of its latest spacecraft revealed in public document

By: Rebecca Campbell     17th May 2021 US private-sector space company SpaceX, founded and led by South African-born engineer and entrepreneur Elon Musk, is planning to carry out the first orbital flight of its latest spaceship, designated Starship, during the second half of this year. This has been reported by US journal Space News,... 

SpaceX’s plans for first orbital test flight of its latest spacecraft revealed in public document
Photo by SpaceX
Starship test vehicle SN15 lifts off on its successful test flight

Redefine posts lower distributable income as Covid-19 impact still felt

By: Marleny Arnoldi     17th May 2021 JSE-listed real estate investment trust (Reit) Redefine Properties has reported lower distributable income per share of 26.18c apiece for the six months ended February 28. This compares with distributable income per share of 33.46c apiece posted for the six months ended February 29, 2020.  

Balwin remains ‘cautiously optimistic’ on the back of positive financial results

By: Simone Liedtke     17th May 2021 In a financial year that was characterised by unprecedented socioeconomic and market conditions with unusual working and living environments, various measures initiated by JSE-listed Balwin Properties saw the company experience continued strong sales demand for the “Balwin product” at the end of... 

Balwin remains ‘cautiously optimistic’ on the back of positive financial results
An artistic rendering of Balwin's apartments at its Waterfall development.

China’s Zhurong rover successfully lands on Mars

By: Rebecca Campbell     17th May 2021 In the early hours of Saturday morning, South African time, the China National Space Administration’s Zhurong rover successfully touched down on Mars. Its landing site was in the southern region of Utopia Planitia. This made China only the second country to put a rover on to the Red Planet. The... 

China’s Zhurong rover successfully lands on Mars
Photo by China National Space Administration
Artist’s impression of the Zhurong rover on its lander platform on Mars

Key African central banks may hold rates on growth concerns

By: Bloomberg     17th May 2021 Central bankers in eight sub-Saharan African countries are likely to keep interest rates unchanged in the next two weeks as a slow rollout of Covid-19 vaccines means their economies remain vulnerable to a new wave of the virus. After monetary policy committees in Mozambique, Zambia and Zimbabwe... 

DWS finalising critical tenders for Vaal spills

By: Natasha Odendaal     17th May 2021 The Department of Water and Sanitation (DWS) is finalising the evaluation of the received tenders for the upgrading of the Vaal River infrastructure to prevent sewage spills. The tenders were advertised in November, with closure in January, for the expertise required in the areas of civil... 

Ivanhoe, DRC utility partner to deliver hydropower for Kamoa mine

By: Creamer Media Reporter      17th May 2021 To support the continued successful performance of the Kamoa mining complex, Ivanhoe Mines Energy DRC, a sister company of Kamoa Copper, has announced the signing of a memorandum of understanding to establish a public-private partnership (PPP) with the Democratic Republic of the Congo's (DRC’s)... 

AfDB, EBRD partner to unlock additional sustainable investment opportunities in Africa

By: Creamer Media Reporter      17th May 2021 The African Development Bank (AfDB) Group and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of understanding (MoU) to promote sustainable private sector development in Africa. The MoU is expected to help catalyse new sources of financing to help bridge the... 

Altron reports decrease in earnings for 2021

By: Natasha Odendaal     17th May 2021 Allied Electronics (Altron) recorded a 8.5% decline in earnings before interest tax and depreciation and amortisation (Ebitda) to R1-billion during the year ended February 28, 2021. This was attributed to weak market conditions and liquidity pressures resulting in low client confidence levels... 

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