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SA Supreme Court dismisses Airlink’s claim against national carrier SAA

By: African News Agency      Updated 3 hours ago Privately owned airline Airlink said on Tuesday it was disappointed, but respected the Supreme Court of Appeal’s decision to dismiss its claim against South African Airways (SAA). Airlink, which services the southern Africa region, applied to the Johannesburg High Court in January for a... 

 SA Supreme Court dismisses Airlink’s claim against national carrier SAA

Absa PMI decreases again to 52.6

By: Marleny Arnoldi     Updated 3 hours ago The Absa Purchasing Managers’ Index (PMI) has declined to 52.6 index points in November, from 60.9 points recorded in October. Financial services provider Absa explains that the decline comes after three consecutive upward moves and brings the index to its lowest level since July.  

Balwin Foundation, CMF to support contractors through construction training programme

By: Simone Liedtke     Updated 5 hours ago Nonprofit organisation (NPO) the Construction Management Foundation (CMF) has entered into a strategic collaboration with fellow NPO Balwin Foundation to support the organisation in its continued quest to train emerging and small contractors from communities surrounding developments by JSE-listed... 

Agribusiness Confidence Index jumps to 61 in the fourth quarter

By: Marleny Arnoldi     Updated 46 minutes ago The Agricultural Business Chamber/Industrial Development Corporation Agribusiness Confidence Index has rallied to 61 points in the fourth quarter – its highest level since the third quarter of 2014. This followed a notable recovery to 51 points in the third quarter of the year, implying that... 

Agribusiness Confidence Index jumps to 61 in the fourth quarter

Herotel reaches 100k fixed broadband customer mark

By: Natasha Odendaal     Updated 3 hours ago Fibre and fixed wireless broadband provider Herotel has reached the milestone of 100 000 fixed broadband subscribers on its fibre and fixed wireless networks. The group, which was started in 2014, deployed its own fibre networks, targeting non-metropolitan, underserviced areas across South Africa... 

World Net Logistics now Rhenus Logistics South Africa

By: Irma Venter     Updated 9 minutes ago World Net Logistics will be known as Rhenus Logistics South Africa, as from December 1. Acquired by the Rhenus Group in 2019, the company will now operate under a new name, ushering in a new era after 18 years as an independent entity.  

World Net Logistics now Rhenus Logistics South Africa
Dirk Goedhart

Goodyear South Africa appoints new MD

By: Irma Venter     Updated 3 hours ago Piotr Czyzyk has been appointed as the new MD for Goodyear South Africa (SA). In his former role as product business unit commercial director in Europe, Czyzyk was responsible for overseeing Goodyear’s Central European operation. 

Goodyear South Africa appoints new MD
Piotr Czyzyk 

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     Updated 2 hours 23 minutes ago Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

Airbus Helicopters naval UAV programme achieves major milestone

By: Rebecca Campbell     Updated 3 hours ago Europe-based aerospace and defence group Airbus has reported that its VSR700 optionally-piloted vehicle (OPV) helicopter has successfully made fully autonomous approaches and landings and subsequent take-offs from a platform that simulated the movement of ships at sea. The platform is mounted on... 

Airbus Helicopters naval UAV programme achieves major milestone
Photo by Airbus
The VSR700 OPV just before landing on the moving platform; note that the pilot does not have his hands on the controls.

Glencore’s takeover of Orsted LNG effective

By: Marleny Arnoldi     Updated 3 hours ago Diversified miner Glencore on December 1 completed the acquisition of Danish multinational power company Orsted’s liquefied natural gas (LNG) business. Under the terms of the transaction, Glencore’s oil division has taken over a number of LNG supply contracts, as well as the right to use... 

Glencore’s takeover of Orsted LNG effective
Photo by Bloomberg
LNG carrier

IT, OT cybersecurity gaps must be closed as industrial digital transformation advances

By: Schalk Burger     30th November 2020 Companies are optimising their development, production and logistics processes based on operational and status data. As a result, industrial control systems lose their previously insular position once production machines are networked. The increased adoption of Internet of Things (IoT) and big... 

Eskom to be charged with misleading regulator over pollution

By: Bloomberg     30th November 2020 Eskom Holdings, South Africa’s State power utility, said it will be charged with supplying misleading information to the national air quality officer as well exceeding emissions limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. “Eskom can confirm it has... 

GIZ calls for expressions of interest for a project to improve artisan training in South Africa

By: Schalk Burger     30th November 2020 German international cooperation for sustainable development and international education agency GIZ has issued a call for expressions of interest from service providers in South Africa to manage a process to improve the quality and market relevance of technical and vocational education and... 

Arid areas in poorer and richer countries affected differently by climate change

By: Rebecca Campbell     30th November 2020 At the global level, as climate has been changing, the amount of vegetation in arid areas has been increasing. But scientists at the University of Copenhagen, Denmark, have, following analysis of 15 years’ worth of satellite imagery of vegetation and rainfall, identified a worrying trend:... 

UNDP, WRC award R3m grant to water innovators  

By: Natasha Odendaal     30th November 2020 Seven water innovators have been awarded an aggregate R7-million grant to kick off field testing and further product development after a call for solutions to help resolve some of South Africa’s water challenges, particularly those exacerbated by the Covid-19 pandemic. The United Nations... 

Invicta’s strategy paying off, says CEO

By: Simone Liedtke     30th November 2020 Investment holding and management company Invicta Holdings is starting to see its strategy, which focuses on lowering debt levels, optimising return on equity, simplifying structures and focusing on key operational areas, pay off. This is despite the negative impact of Covid-19 and related... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
Photo by Creamer Media's Donna Slater
CEO Sean Flanagan

Barloworld to focus on industrial goods, food sector going forward 

By: Irma Venter     30th November 2020 Barloworld will, in the medium to long term, focus on two verticals, namely industrial goods and related services, as well as food and food ingredients, says CEO Dominic Sewela. “As we manage the pivoting out of the automotive and logistics business . . . we are very clear that we don’t want to... 

Barloworld to focus on industrial goods, food sector going forward
Dominic Sewela

Mahle Behr recognized as one of Africa’s top Kaizen performers

By: Irma Venter     30th November 2020 Mahle Behr has been recognised as one of Africa’s top Kaizen performers at the Africa Kaizen Annual Conference (AKAC). Mahle Behr was selected to represent South Africa after being crowned national automotive Kaizen champion, and competed against 22 other nominees from 13 African countries. 

Mahle Behr recognized as one of Africa’s top Kaizen performers

Vukile reports R206m interim loss

By: Marleny Arnoldi     30th November 2020 JSE-listed Vukile Property Fund has managed to contain its retail vacancies at 3% in the six months ended September 30, while sustaining a rent collection rate of 95%. The company, in its latest results statement, says the footfall at its properties was at 86% for the six months under review,... 

Brazilian aerospace group delivers first modernised radar plane to Brazilian Air Force

By: Rebecca Campbell     30th November 2020 Brazil-based major aerospace and defence group Embraer announced on Friday that it had delivered the first modernised E-99M airborne early warning and control (AEW&C) aircraft to the Brazilian Air Force (abbreviated to FAB in Portuguese). The E-99M (M stands for modernised) is known to Embraer as... 

Brazilian aerospace group delivers first modernised radar plane to Brazilian Air Force
Photo by Embraer
The first upgraded E-99M for the Brazilian Air Force

Mining can retake investor darling status by going green – Frandsen  

By: Martin Creamer     30th November 2020 The taking of clear sustainability steps can make mining the darling of the investor community once again. Mining cannot participate in anything that leaves the world a worse place and needs to be cognisant of what it takes to have a licence to operate. Mining must have a smaller carbon... 

Pallinghurst Group Managing Partner and Co-Founder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer on the current demand for sustainable mining. Video: Darlene Creamer.

BLSA CEO urges South Africans to ‘face the realities’ of Covid-19 pandemic 

By: Simone Liedtke     30th November 2020 Business Leadership South Africa CEO Busi Mavuso is urging South Africans to “face the realities of the pandemic” or risk facing a worse spike in infections that will ultimately do more damage to the economy and public health. In her weekly newsletter, she laments that the Covid-19 pandemic... 

BLSA CEO urges South Africans to ‘face the realities’ of Covid-19 pandemic
Photo by Creamer Media
BLSA CEO Busi Mavuso

Investments of R7.7bn heading directly to the City of Cape Town

By: African News Agency      30th November 2020 Investments totalling R7.7-billion are heading directly to the City of Cape Town, mayoral committee member for economic opportunities and asset management James Vos said on Sunday. Of the investments announced at last week’s Presidential Investment Summit, R7.7-billion would be invested directly... 

Electricity grid collapses in Nigeria, Africa's largest economy

By: Reuters     30th November 2020 Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most-populous nation in Africa, are common, but a system collapse is unusual. 

European Space Agency announces contract for removal of orbital debris

By: Rebecca Campbell     27th November 2020 The European Space Agency (ESA) is contracting Swiss start-up company ClearSpace to remove a piece of space debris from orbit, in a deal worth €86-million. The will be both the first ever mission to remove orbiting space debris and the first time ESA has contracted a private-sector company to... 

Opinion: How African countries can mobilise private capital for their infrastructure drives

27th November 2020 In this opinion piece, Standard Bank corporate and investment banking CE Kenny Fihla writes about governments turning to public-private partnerships to deliver large-scale projects. Given the pressure on investment yields in developed markets, African nations have an opportunity to attract... 

Opinion: How African countries can mobilise private capital for their infrastructure drives

Sustainability presents good business case for companies, speakers say

By: Tasneem Bulbulia     27th November 2020 Businesses can achieve both environmental and economic benefits by implementing sustainable business practices and that should be done in a just transitional process, speakers noted during electronics company Epson’s ‘Towards a Greener Future’ webinar on November 27. Industry body, the Paper... 

SABS elected to serve on ISO council once again

By: Marleny Arnoldi     27th November 2020 The South African Bureau of Standards (SABS) has been elected by the members of the International Organization for Standardisation (ISO) to serve on its council, effective January 2021 to December 2023. The ISO is an independent, nongovernmental international organisation with a membership of... 

SABS elected to serve on ISO council once again
SABS standards executive Dr Sadhvir Bissoon.

Moody's downgrades Telkom's credit rating following sovereign rating action

By: Natasha Odendaal     27th November 2020 Ratings agency Moody’s Investors Service has downgraded telecommunications group Telkom’s corporate family rating to Ba2, from Ba1, with a negative outlook. This followed Moody’s downgrading of South Africa’s sovereign rating by one notch to Ba2 with a negative outlook on November 20. 

Shosholoza Meyl to resume operations on major routes

By: Marleny Arnoldi     27th November 2020 The Passenger Rail Agency of South Africa’s (PRASA’s) long-distance train passenger service Shosholoza Meyl has resumed its major festive season travel routes, effective November 27. Passengers are able to travel from Johannesburg to Cape Town, Durban, Musina, Polokwane, East London, Port... 

L2D sees steady increase in rental collection, footcount in October

By: Marleny Arnoldi     27th November 2020 Real estate investment trust Liberty Two Degrees (L2D) has highlighted the importance of agility in how swiftly the company is able to adapt to new ways of thinking and working going into 2021. In a pre-close investor update, the company states that the impact of the Covid-19 pandemic on its... 

Despite improvements, rail safety remains a concern – RSR

By: Donna Slater     27th November 2020 Despite improvements in some areas of national railway safety, statistics in the latest 'State of Railway Safety Report 2019/20', published on November 27, reveals “a grim picture of safety within the railway industry”, the Railway Safety Regulator (RSR) reports. Despite an overall 24% reduction... 

Gauteng progresses township economic development agenda 

By: Natasha Odendaal     27th November 2020 The Bill aimed at revamping Gauteng’s township economy is expected to be passed by the end of June 2021. Despite some delays caused by the Covid-19-related restrictions, the Gauteng Township Economic Development Bill has been gazetted and is currently undergoing public consultations. 

Africa poised to benefit from strong European backing in its recovery  

By: Marleny Arnoldi     27th November 2020 Despite this year having been the worst year of growth for the global economy in the past 40 years, and with sub-Saharan Africa facing its first recession in 25 years with a 3.1% gross domestic product (GDP) contraction expected, there remains a strong case for a rebound, as international... 

UK sets out its development aid priorities following announcement of funding cut

By: Rebecca Campbell     27th November 2020 UK Foreign Secretary Dominic Raab has informed the House of Commons in London of the Foreign, Commonwealth & Development Office’s plans to overhaul Britain’s Official Development Assistance (ODA). This followed the UK government’s decision to temporarily reduce its ODA from the current 0.7% of... 

Agri SA calls for govt aid as Land Bank is too important to fail

By: Marleny Arnoldi     27th November 2020 Industry organisation Agri SA has warned that the action by Moody’s Investor Service to lower the Lank Bank and Eskom’s respective ratings pose a risk to food security and overall economic recovery in South Africa. It says Moody’s downgraded the State-owned Land Bank as a result of ongoing... 

Toyota launches new music, video streaming service

By: Irma Venter     27th November 2020 Toyota South Africa Motors (TSAM), in partnership with Vodacom, has announced the introduction of a new streaming service to Toyota Connect and Lexus Connect – MyEntertainment.  Included in this service are Vodacom’s Video Play (video streaming) and My Muze (music streaming) services. 

Toyota launches new music, video streaming service

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