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Immediate introduction of new tariff methodology ‘not feasible’ 

By: Terence Creamer     27th September 2021 State-owned electricity utility Eskom says it is “not feasible” for the National Energy Regulator of South Africa (Nersa) to make a revenue determination, for implementation on April 1 2022, on the basis of a new methodology that has yet to be consulted or finalised. On September 24, Nersa... 

A sign on the door of a Nersa public hearing

BLSA CEO bemoans Icasa’s decision to end emergency spectrum  

By: Tasneem Bulbulia     27th September 2021 Businesses will now have to contend with the prospect of a major cut in bandwidth for those who connect through cellphone networks, as regulatory body Independent Communications Authority of South Africa  (Icasa) is moving ahead with a plan to terminate access to emergency spectrum at the end of... 

An image of Business Leadership South Africa CEO Busi Mavuso
Busi Mavuso

Peugeot 2008 clinches Car of the Year title

By: Irma Venter     27th September 2021 The Peugeot 2008 sports-utility vehicle (SUV) has been named as the 2021 Car of the Year by the South African Guild of Mobility Journalists (SAGMJ). The Toyota Hilux double-cab bakkie came in second, while the BMW 4 Series took the bronze medal. 

Image of the Peugeot 2008
The Peugeot 2008

Payabill launches online international payment solution for SMEs

By: Irma Venter     27th September 2021 Local fintech startup Payabill has developed a product where it takes the risk of settling the bills of international suppliers directly for qualifying small and medium-sized enterprises (SMEs), which apply for the finance solution “using a simple and quick digital process”.   “Small businesses... 

Image of Payabill CEO Eli Michal
Eli Michal

South African Treasury trumpets stability as key official exits

By: Bloomberg     27th September 2021 The South African National Treasury’s succession planning is sufficient to ensure the exit of key personnel doesn’t disrupt plans to return public finances to a sustainable path, its top civil servant said. Tshepiso Moahloli, the head of assets and liability management and the most high-profile... 

Treasury Director-General Dondo Mogajane
Treasury Director-General Dondo Mogajane

Save water while reservoirs recover from Eskom outage, Rand Water urges

By: News24Wire      27th September 2021 Power supply from an Eskom substation, which negatively impacted water production in Gauteng, has since been restored. The power supply interruption, affecting transmission from Snowden substation, was caused by a veld fire on Sunday afternoon. This subsequently impacted Rand Water's Zuikerbosch... 

Water Tap

Nuclear corporation highlights benefits to South Africa of Multipurpose Reactor project

By: Rebecca Campbell     27th September 2021 The South African Nuclear Energy Corporation (Necsa) has highlighted the importance to the country, and indeed the wider world, of the now-authorsied programme to construct a new Multipurpose Reactor (MPR). It did so in its statement, issued on Sunday, welcoming the Cabinet’s decision to approve... 

Cape Town container, multipurpose terminals introduce truck booking system 

By: Tasneem Bulbulia     27th September 2021 Introducing a mandatory truck booking system at South Africa’s port terminal operations has yielded benefits that the Cape Town Container Terminal (CTCT) and Cape Town Multipurpose Terminal (CTMPT) will soon enjoy, Transnet Port Terminals says in a statement. “There are many challenges introduced... 

Green bonds provide balance to traditional investment vehicles

By: Donna Slater     27th September 2021 Compared with traditional impact investment vehicles, which tend to be private equity, green bonds provide a “nice balance” in achieving a desired investment impact, environment, social and governance (ESG) advisory firm EBS Advisory CEO James Brice said during the Southern Africa Green Bonds... 

Africa needs $2tr for green manufacturing, McKinsey says

By: Bloomberg     27th September 2021 Africa’s lack of industrial development puts it in a strong position to develop low-carbon manufacturing without the costs of transitioning from fossil fuel-based factories, McKinsey & Co. said. In the process of striving toward net-zero emissions by 2050, the continent could create a net... 

ESG strategies can build trust, drive sustainable value

By: Schalk Burger     27th September 2021 Organisations can help to build trust and deliver sustained outcomes by implementing effective environmental, social and governance (ESG) strategies and stakeholders tend to place more trust in organisations that demonstrate a sustained interest in communities, the environment and good... 

EPC regulations to support energy efficiency businesses, says Alliance Energy

By: Schalk Burger     27th September 2021 The Energy Performance Certificate (EPC) regulations gazetted by the Department of Mineral Resources and Energy (DMRE) in December 2020 present opportunities for individuals and businesses in the energy sector, including young professionals, entrepreneurs and graduates in the engineering... 

Research body highlights surge in food inflation last month

By: Rebecca Campbell     27th September 2021 Last month saw higher food inflation than expected, the Bureau for Food and Agricultural Policy (BFAP) has reported. South African food inflation came to 6.9% in August (in year-on-year terms), continuing a rising trend that started in February. Last month’s food inflation was 0.2% higher than... 

Southern African airlines body appoints its new CEO

By: Rebecca Campbell     27th September 2021 The Airlines Association of Southern Africa (AASA) announced on Monday that it had appointed a new CEO. He is industry veteran Aaron Munetsi and he replaces Wrenelle Stander, who is moving to Western Cape provincial tourism and economic development agency Westgro. Munetsi takes over with... 

Professional services firms' employees experiencing stress, study shows

By: Schalk Burger     27th September 2021 A pilot study of office-based employees' stress and trauma levels at large professional services firms in September indicates that 66% of them are experiencing stress, says management and consulting firm IQbusiness. The study tested key empirical indicators of trauma including financial... 

CSIR, SAMRC partner with US firm on Covid-19, cancer vaccine development

By: Yvonne Silaule     27th September 2021 NantAfrica, a division of US multinational NantWorks, has signed a collaboration agreement with the Council for Scientific and Industrial Research (CSIR) and the South African Medical Research Council (SAMRC) for the transfer of biologic manufacturing technology for Covid-19 and cancer vaccines... 

UCT’s Mamokgethi Phakeng becomes first Illustrious Visiting Professor at the University of Bristol

By: Thabi Madiba     27th September 2021 University of Cape Town (UCT) Vice-Chancellor Professor Mamokgethi Phakeng has been appointed as Bristol University’s first Bristol Illustrious Visiting Professor to further promote African scholarship and strengthen international relationships. The newly established Bristol Illustrious Visiting... 

Image of UCT Vice-Chancellor Professor Mamokgethi Phakeng
UCT Vice-Chancellor Professor Mamokgethi Phakeng

Rand falling prey to global worries fuels South Africa inflation

By: Bloomberg     27th September 2021 The rand is taking a bigger hit than most of its emerging-market peers as an energy crisis and Chinese growth concerns batter the South African currency and worsen the country’s inflation outlook. The currency declined for a second day on Monday to its weakest level in more than a month as oil... 

South African Rand against the flag

Long way to go to instil ethics in public service – Ramaphosa 

By: Sashnee Moodley     27th September 2021 As government increases its efforts to prevent corruption in the public service, President Cyril Ramaphosa acknowledged on Monday that there was still a long way to go to instil a culture of ethics in the public service. It was recently revealed that about 17 000 public servants had applied for... 

South African President Cyril Ramaphosa
President Cyril Ramaphosa

Green 175 MW power for Sibanye-Stillwater platinum group metal mines  

By: Martin Creamer     27th September 2021 A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa.

Magazine round up | 24 September 2021 

24th September 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 24 September 2021

President urges communities to support N2 toll road project

By: Yvonne Silaule     23rd September 2021 President Cyril Ramaphosa has urged communities to support the development of the N2 Wild Coast toll road (N2WCTR) project, which includes two mega bridges, stating that stoppages are counterproductive and not only costs contractors, but the entire country. “The very purpose they [infrastructure... 

An image of Cyril Ramaphosa
President Cyril Ramaphosa

ArcelorMittal South Africa responds to Itac’s termination of safeguard probe

23rd September 2021 Earlier this month, the International Trade Administration Commission of South Africa (Itac) recommended that an investigation be terminated into the imposition of safeguard duties on certain steel sections manufactured at the Highveld Structural Mill. The application was lodged in June 2020 by... 

The Highveld Structural Steel Mill
Photo by Creamer Media
The Highveld Structural Steel Mill

More ambitious climate target step in right direction, but more work is needed – CER

By: Simone Liedtke     23rd September 2021 The Centre for Environmental Rights (CER) has commended Cabinet’s decision to approve a reduced target range for greenhouse-gas (GHG) emissions in South Africa, noting that it is “a marked improvement” from the previous target range proposed by the Department of Forestry, Fisheries and the... 

Salga appoints two deputy presidents

By: Simone Liedtke     23rd September 2021 The South African Local Government Association (Salga) has appointed two deputy presidents to share the responsibility of leading the organisation towards the upcoming local government elections and the elective Salga national conference. Following a vacancy created by the departure of former... 

Competition Commission approves Altron’s Lawtrust acquisition

By: Schalk Burger     23rd September 2021 JSE-listed Altron said the Competition Commission has approved its acquisition of digital signature services company Lawtrust, which will create the largest digital and information security services provider in Africa. The R245-million deal will see Lawtrust being integrated into Altron, which... 

Reserve Bank keeps rates on hold, revises growth higher  

By: News24Wire      23rd September 2021 The South African Reserve Bank has kept the repo rate unchanged at 3.5%, in line with economists' expectations. During a media briefing on Thursday, Reserve Bank Governor Lesetja Kganyago said that all members of the Monetary Policy Committee were in favour of keeping the repo rate on hold.... 

South African Reserve Bank Governor Lesetja Kganyago
Reserve Bank Governor Lesetja Kganyago

SAA returns to the skies

By: Reuters     23rd September 2021 Jubilant South African Airways (SAA) staff at the country's biggest airport broke into song and dance on Thursday as the airline took to the skies for the first time in around a year. State-owned SAA's longstanding financial woes were exacerbated by the Covid-19 pandemic and it halted all... 

Risks linked to South Africa’s more ambitious decarbonisation pledge not yet ‘adequately addressed’ 

By: Terence Creamer     23rd September 2021 Minerals Council South Africa has signalled its support for South Africa’s transition to a low-carbon economy, but is concerned that the immediate risks associated with the country’s more ambitious decarbonisation targets are not being adequately addressed. CEO Roger Baxter told participants to a... 

Image from Daylin Paul’s photographic book, titled ‘Broken Land’, a visual narrative of the environmental and social impacts of coal in Mpumalanga
An image from Daylin Paul’s black and white photographic book, titled ‘Broken Land’, which offers a visual narrative of the environmental and social impacts of coal in Mpumalanga

Sustainable infrastructure efforts must be enhanced 

By: Tasneem Bulbulia     23rd September 2021 There has been some progress in sustainability in the cement and broader infrastructure industry, with several innovations by companies and countries, but more should be done, says consultant Tony Hadley. Speaking on day two of the Sustainability Summit on September 22, during the Sustainable... 

Hadley African founder Tony Hadley provides an overview of environmental situation of the cement industry

China bailing on overseas coal should be a boon for renewables

By: Bloomberg     23rd September 2021 If China puts the same financial heft behind green energy in emerging nations as it has in developing fossil fuels projects overseas, it’ll be a step change for global investment in renewables. President Xi Jinping told the United Nations General Assembly this week that China will accelerate... 

Boeing forecasts continued strong Chinese commercial aviation growth

By: Rebecca Campbell     23rd September 2021 US aerospace giant Boeing has forecast that Chinese airlines will have to acquire 8 700 new aircraft between now and 2040. These purchases would have a total value of $1.47-trillion. This prediction formed part of the manufacturer’s latest Commercial Market Outlook (CMO). The 2021 CMO reflected... 

Grindrod sells remaining stake in Grindrod Shipping for R368m

By: Simone Liedtke     23rd September 2021 Freight transportation arrangement company Grindrod on Thursday announced that it had sold its remaining shareholding in Grindrod Shipping for $24.8-million (R368.2-million). The sale shares amount to about 9.6% of Grindrod Shipping’s total issued share capital. 

Sasol's revised decarbonisation commitments 

23rd September 2021 Sasol has announced revised and accelerated decarbonisation commitments. Engineering News Editor Terence Creamer unpacks the significance of the 2030 target and the group’s promise to be net-zero by 2050.   

Sasol's revised decarbonisation commitments

How Exxaro is advancing from coal into global renewable energy   

By: Martin Creamer     23rd September 2021 It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years, says Exxaro Energy MD Roland Tatnall. The Johannesburg Stock Exchange company’s strategy just unveiled has been the... 

It is important to note that the renewable energy focus of coal company Exxaro is not a new focus but a re-focus on a strategy that has been in evidence for more than ten years.

Airbus announces flight demonstrator project for new technology wing

By: Rebecca Campbell     23rd September 2021 Europe-based global major aerospace group Airbus announced on Wednesday that it had initiated a project to flight test what it described as an “extra-performing wing”. The platform for these tests will be a modified Cessna Citation VII business jet, which will be used to integrate and fly... 

Artist’s impression of the Citation VII fitted with the extra-performing wing
Artist’s impression of the Citation VII fitted with the extra-performing wing

WEF launches digital toolbox to decarbonise and boost cities' sustainability

By: Schalk Burger     23rd September 2021 The World Economic Forum (WEF) has launched a digital toolbox with more than 200 leading practices and case studies to boost sustainability and reduce emissions of cities. Cities have a crucial role to play in the race to reach net-zero emissions by 2050. The platform focuses on solutions that... 

Steel federation warns Numsa's strike could top 2014's action that cost SA's economy R6bn

By: News24Wire      23rd September 2021 South Africa's steel and engineering sector body says the decision by the National Union of Metalworkers of South Africa (Numsa) to down tools indefinitely in October could lead to a situation that's worse than's 2014 four-week strike that cost the economy R6-billion. Numsa secretary general... 

An image of a person welding

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