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Electricity reforms to spur ‘boom in private fixed investment’ 

By: Terence Creamer     5th August 2022 Minister in the Presidency Mondli Gungubele says the reforms under way in the electricity sector – including the removal of the 100 MW licensing threshold for distributed generation projects and the expedited procurement of new capacity from renewables, gas and battery storage – will “supercharge... 

Minister in the Presidency Mondli Gungubele
Photo by Creamer Media Chief Photographer Donna Slater
Minister in the Presidency Mondli Gungubele

Bidding to be launched this month for private participation at Durban and Ngqura container terminals – Godongwana 

By: Terence Creamer     5th August 2022 Request for proposal (RFP) documentation for private sector participation in the container terminals at the ports of Durban and Ngqura will be issued this month with the goal of having partnerships in place by January 2023, Finance Minister Enoch Godongwana reports. Delivering Operation... 

Finance Minister Enoch Godongwana
Photo by Creamer Media Chief Photographer Donna Slater
Finance Minister Enoch Godongwana

Freight costs to blame for spike in global inflation, not oil – Botha 

By: Irma Venter     5th August 2022 Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom on the causes of this trend has pointed to energy prices, especially gas, oil and petroleum, says Dr Roelof Botha, economic adviser to the Optimum Investment Group. Also, when analysing the... 

Image of a container ship

Eskom to implement power cuts over weekend

By: Reuters     5th August 2022  South Africa's Eskom said it would implement "Stage 2" power cuts between 1600 and 2400 local time (1400 and 2200 GMT) on Saturday and Sunday due to several generating units breaking down and delays returning others to service. The struggling state-owned company resumed power cuts on Wednesday... 

Southern Africa lags in adoption of sustainable aviation fuel, despite great potential

By: Rebecca Campbell     5th August 2022 At the recent Farnborough International Airshow, in England, US-based global major aerospace group Boeing unveiled a new tool to model data, which it designated Cascade, which was created to map the ways that the global commercial aviation sector could reach the international target of having... 

Magazine Cover image

Nersa announces timelines for Eskom’s MYPD5 application

By: Tasneem Bulbulia     5th August 2022 The National Energy Regulator of South Africa (Nersa) announces that on July 29, the Energy Regulator approved the publication of a consultation paper and timelines to process State-owned utility Eskom’s Fifth Multi-Year Price Determination (MYPD5) revenue application for the 2023/24 financial year. 

Nersa to review methodology for gas pricing

By: Tasneem Bulbulia     5th August 2022 Energy regulator the National Energy Regulator of South Africa (Nersa) says it has been alerted about concerns regarding the “imminent excessive increases” in gas prices that have been announced by one of its licensees and says that it did not approve such increases. 

South Africa, Botswana agree to boost rail link

By: Donna Slater     5th August 2022 South Africa and Botswana have agreed, in principle, on joint development initiatives to be implemented by Transnet Freight Rail (TFR) and Botswana Rail (BR), to improve trade between the two countries, following a high-level business roundtable. The initiatives will enable landlocked Botswana... 

JDA appoints Mokgema Mongane as CEO

By: Schalk Burger     5th August 2022 The Johannesburg Development Agency (JDA), which is the City of Johannesburg’s implementing agent, has appointed Mokgema Mongane as CEO for five years, with effect from August 5. “With this appointment, we are confident that the JDA is on the right path to fulfilling its mission of planning,... 

City Power replacing all Joburg streetlights with LEDs

By: Schalk Burger     5th August 2022 The project by City of Johannesburg (CoJ) utility City Power to retrofit all of Johannesburg’s streetlights with light-emitting diode (LED) technology is gathering pace, providing energy saving and environment-friendly light, CoJ Environment and Infrastructure Services Department MMC Michael Sun... 

Heavy haul value system collaboration advancing, but more action required

By: Tasneem Bulbulia     5th August 2022 The level of collaboration among key stakeholders in the heavy haul value chain is only about half of what it should be and more must be done to ensure that this is encouraged. This was indicated by speakers during a heavy haul collaboration panel discussion on the third day of the South African... 

Precautionary boil notice issued for discoloured water across parts of Cape Town

By: Natasha Odendaal     5th August 2022 The City of Cape Town has issued a precautionary boil notice for water across parts of Cape Town as water in the distribution system from Faure water treatment plant over parts of the eastern, central and southern suburbs of the city is currently discoloured. The advisory notice recommends... 

US investors visit South Africa with eye on renewable energy

By: Bloomberg     5th August 2022 US investors with more than $1-trillion of assets under management are in South Africa to look for investment opportunities. The visit being facilitated by USAID and Prosper Africa, the US government’s initiative to increase trade and investment between African nations and America, started... 

IATA reports strong recovery in air passenger traffic in June

By: Rebecca Campbell     5th August 2022 The International Air Transport Association (IATA), which is the global representative body of the airline industry, has reported that air passenger traffic in June this year continued to recover strongly from the effects of the Covid-19 pandemic. In year-on-year (y-o-y) terms total air passenger... 

Ministers provide some clarity on elements of the new energy strategy  

By: Creamer Media Reporter      5th August 2022 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the clarity that has been provided about what will be prioritised at Eskom as part of government's new energy strategy; the uncertainty that remains on the energy procurement side; the need for clear... 

Ministers provide some clarity on elements of the new energy strategy

AngloGold declares $121m first-half dividend on strong cash flow, higher production 

By: Martin Creamer     5th August 2022 Gold mining company AngloGold Ashanti on Friday declared an interim dividend of $121-million on 3% higher year-on-year production and a strong cash-flow improvement. First-half production for the first six months of 2022 was 1.233-million ounces, with second-quarter output up 10% on strong... 

Sunrise Dam’s full-potential assessment identified 33 improvement initiatives.
Sunrise Dam’s full-potential assessment identified 33 improvement initiatives.

Magazine round up | 05 August 2022 

5th August 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

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

Glencore to restart South African oil refinery in fourth quarter

By: Reuters     4th August 2022 Global commodities trader Glencore will restart its Cape Town oil refinery in the fourth quarter this year, more than two years after a deadly explosion shuttered the plant, Chief Executive Gary Nagle said during an earnings call on Thursday. The 100 000 bl/d refinery is run by Astron Energy,... 

Mondi's half-year Ebitda up by 66%, debt down to €1.22bn

By: Schalk Burger     4th August 2022 JSE-listed packaging and paper group Mondi has reported a 66% year-on-year increase in underlying earnings before interest, taxes, depreciation, and amortisation (Ebitda) from continuing operations to €942-million for the six months ended June 30. Continuing operations' net debt at the end of the... 

Springfield Retail Centre relaunched after arson damage

By: Darren Parker     4th August 2022 JSE-listed Emira Property Fund has relaunched its Springfield Retail Centre, in Durban, KwaZulu-Natal, after the centre was damaged by arson in the widespread looting and vandalism that took place in the province in July last year. Starting July 12 last year, looters made their way into the... 

Springfield Retail Centre
Springfield Retail Centre

Solidarity sends list of 300 power experts to Gordhan, Eskom

By: Donna Slater     4th August 2022 Trade union Solidarity sent a list of skilled power experts to Public Enterprises Minister Pravin Gordhan and Eskom CEO André de Ruyter on August 4, following calls by Gordhan to identify energy experts to help the country address prevailing electricity generation deficiencies. 
According to... 

Gender diversity will drive future agri growth, says Nedbank

By: Marleny Arnoldi     4th August 2022 The South African agriculture sector continues to deliver growth and value to the economy, with a growth rate of 13.1% recorded in 2020, 8.3% in 2021 and a 3.6% year-on-year growth rate so far this year. Growth will, however, taper off soon if the sector does not find new ways of managing... 

Woman tending nursery

Largo Clean Energy mulls JV with Ansaldo

By: Marleny Arnoldi     4th August 2022 Canada-headquartered vanadium supplier Largo subsidiary Largo Clean Energy has signed a memorandum of understanding (MoU) with renewable energy company Ansaldo Green Tech (AGT) to assess opportunities for working together on manufacturing and deploying vanadium redox flow batteries (VRFBs). The... 

Platinum-based fuel cells key for heavy-haul industry – WPIC

By: Donna Slater     4th August 2022 The World Platinum Investment Council (WPIC) reports that interest in using hydrogen fuel cells in the heavy-haul industry is growing rapidly, with several interesting developments currently under way. Platinum-based, proton exchange membrane (PEM) hydrogen fuel cells provide zero emissions... 

High-flying Glencore locks in renewable power, prioritises future-facing metals  

By: Martin Creamer     4th August 2022 Diversified mining and marketing company Glencore, which delivered exceptionally strong financial results in the six months to June30, is taking steps to progress its decarbonisation pathway, CEO Gary Nagle said on Thursday. The steps include locking in a number of renewable purchase power... 

Glencore results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Israeli water experts in SA to assist local governments to avoid water crisis

By: Creamer Media Reporter      4th August 2022 As several of South Africa's municipalities are facing a water crisis and heading towards Day Zero, Israeli water experts are set to consult local government municipalities on crucial issues affecting water infrastructure and how Israeli technology can help. The Jewish National Fund of South... 

Rolls-Royce reports recovery progressed 'well' during the first half of the year

By: Rebecca Campbell     4th August 2022 UK-based global major power and propulsion systems group Rolls-Royce released, on Thursday, its results for the first half of this year (1H22). It recorded statutory revenues of £5.6-billion during the period, up from the £5.159-billion accrued during the same period last year (1H21). Statutory... 

22 online car searches every second; used car prices up 9% – AutoTrader 

By: Irma Venter     4th August 2022 At least 22 online car searches are conducted in South Africa every second, borne out by the more than 349-million online car searches made on South Africa’s largest motoring marketplace, AutoTrader, in the first half of 2022. The newly released 2022 AutoTrader Mid-Year Industry Report also shows... 

Image of a row of cars

Suzuki yet again hits new all-time record

By: Irma Venter     4th August 2022 Suzuki Auto South Africa (Suzuki SA) is moving ever closer to the magical 5 000-unit-a-month new-vehicle sales figure, with the Japanese budget vehicle specialist selling 4 734 vehicles in July. This is a new all-time sales record for the brand, entrenching it firmly in third position on the... 

Image of a Suzuki Swift

IDC launches domestic tourism campaign to stimulate economic recovery

By: Darren Parker     4th August 2022 The Industrial Development Corporation (IDC), in partnership with South African Tourism and the Tourism Business Council of South Africa, have collectively launched a travel campaign aimed at stimulating economic recovery and activity in the tourism sector. The campaign has been enabled through... 

tourist in airport

Sappi reports record third-quarter Ebitda of $371m

By: Darren Parker     4th August 2022 Pulp and paper producer Sappi has reported record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $371-million – excluding special items – for its third fiscal quarter ended June 30. The company on August 4 said this was an “excellent achievement against a backdrop of... 

Sappi Saiccor mill
Sappi Saiccor mill

TNPA initiates process for possible development of greenfield Boegoebaai port 

By: Terence Creamer     4th August 2022 South Africa’s Transnet National Ports Authority (TNPA) has initiated a preliminary process for the proposed development of a new deep-water port at Boegoebaai in the far Northern Cape near the Namibian border, which has been earmarked as a possible hub for the production and export of green... 

Boegoebaai has been earmarked as a possible hub for the production and export of green hydrogen and derivative products
Boegoebaai has been earmarked as a possible hub for the production and export of green hydrogen and derivative products

Higher oil, chemicals prices drive Sasol’s earnings higher

By: Marleny Arnoldi     4th August 2022 JSE-listed petrochemicals company Sasol reports that it benefitted from a favourable macroeconomic environment, higher crude oil and chemicals prices and higher refining margins in the financial year ended June 30. The company also delivered a robust cost and capital expenditure performance,... 

Information Regulator establishes enforcement committee

By: Natasha Odendaal     4th August 2022 The Information Regulator has established an Enforcement Committee to tackle matters related to the Protection of Personal Information Act (POPIA) and the Promotion of Access to Information Act (PAIA). The Enforcement Committee, chaired by Advocate Helen Fourie, with Simonè Margadie as... 

Hulamin appoints interim CEO as Richard Jacob announces retirement

By: Donna Slater     4th August 2022 JSE-listed aluminium semi-fabricator Hulamin reports that CEO Richard Jacob will retire on September 30, having served the company for 32 years and leading as CEO for the past 12 years. Hulamin’s board thanked Jacob for his loyalty, commitment and leadership, wishing him well in his future... 

Air Seychelles cleared to fly through Saudi Arabian airspace to and from Israel

By: Rebecca Campbell     4th August 2022 Air Seychelles, the national flag carrier of the archipelagic nation, has announced that it has become the first airline flying from and to the Indian Ocean to be allowed to overfly Saudi Arabia while operating its service to Israel. It was only last month that Saudi Arabia announced that it was... 

Forgotten Zimbabwe city of Bulawayo gets a dam as elections loom

By: Bloomberg     4th August 2022 A $42-million dam a century in the making could end water shortages for more than half a million Zimbabweans -- and win votes for the ruling party in an opposition stronghold that may decide next year’s presidential election. The expected completion early in 2023 of the Gwayi-Shangani dam 153... 

The Gwayi-Shangani dam under construction
Photo by Bloomberg
The Gwayi-Shangani dam is under construction

China to deepen Africa ties over next decade with focus on trade

By: Bloomberg     4th August 2022 China will deepen its ties with Africa over the next decade by focusing on trade and is unlikely to be dislodged by US and European Union attempts to re-engage with the continent, the Economist Intelligence Unit said. The Asian country is likely to keep investing in Africa’s natural resources and... 

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