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SA telcos moving aggressively to add fintech offerings to mobile money base

By: Natasha Odendaal     17th September 2021 South Africa’s major telecommunications companies are accelerating their financial technology (fintech) strategies and betting big on Africa’s untapped digital economy potential to bolster dwindling traditional revenues in an ever-evolving digital era. Boasting huge volumes of customers with... 

Image of Engineering News and Mining Weekly cover

South Africa’s battery energy storage market poised for growth 

By: Terence Creamer     16th September 2021 A South African energy project finance specialist estimates that the country’s near-term battery energy storage project pipeline could grow to about R53-billion over the coming three years, potentially making the country one of the largest adopters of such systems globally. The estimate includes... 

A photo of a battery storage system

New-vehicle market could reach 485 000 units, if supply holds – Hill 

By: Irma Venter     16th September 2021 The South African new-vehicle market could reach around 485 000 units this year, says Ford South Africa MD Neale Hill. This will be a significant increase from the 380 000-unit sales recorded last year. 

Image of Ford Rangers on a truck

Latest Altron Fintech index reveals short-term credit decline hurts economy, jobs and taxes 

By: Natasha Odendaal     16th September 2021 A decline in the extension of short-term credit in South Africa has impacted the economy through loss of sales, fewer jobs and lower tax collections, Altron Fintech's inaugural Altron Fintech Short-term Credit Impact (AFSCI) Index shows. The AFSCI Index, unpacking the economic impact of... 

Roundtable hears views on South Africa’s hydrogen progress, JSE mulls metals exchange

By: Marleny Arnoldi     16th September 2021 Mapungubwe Institute for Strategic Reflection (Mistra) on September 15 hosted its sixth annual platinum group metals (PGMs) roundtable, placing emphasis on the progress achieved thus far in developing hydrogen opportunities in South Africa. Political strategist Joel Netshitenzhe, as the first... 

Hydrogen fuel cell truck

Covid-19 pandemic spurs Sars' modernisation programme

By: Schalk Burger     Updated 2 hours 48 minutes ago The Covid-19 pandemic's impact on the South African Revenue Service (Sars) compressed a decade-long modernisation programme into two to three years, Sars commissioner Edward Kieswetter noted on September 16. "The pandemic struck as we were starting our journey of rebuilding Sars and reigniting... 

Major international telescope being built in South Africa by local artisans

By: Rebecca Campbell     16th September 2021 An international radio telescope array project, led by the US National Science Foundation, is being built in South Africa’s radio astronomy reserve in the Karoo region of the Northern Cape province by local artisans, and has already started doing valuable science, the South African Radio... 

Sars customs modernisation depends on new skills and industry support to shape smart ecosystem

By: Schalk Burger     16th September 2021 The customs modernisation programme of the South African Revenue Service (Sars), announced on September 1, requires the upskilling of customs officials, as well as the support of and collaboration with industries, businesses and the whole of government to shape a customs and trade ecosystem that... 

Grundfos looks to save energy through green, sustainable pumping systems

By: Simone Liedtke     16th September 2021 Incorrect sizing and the inefficient use of pumps contributes to about 10% of global energy consumption, says Grundfos business development manager for Industry: India, Middle East & Africa Saahil Khan. By optimising the pump design for energy efficient use and adapting the system to demand... 

Apollo Africa partners with WePower for renewable energy market platform

By: Tasneem Bulbulia     16th September 2021 South African energy company Apollo Africa has announced a partnership with global energy technology company WePower, as well as the development of its Apollo Platform, subject to normal regulatory approvals. The partnership aims to accelerate the energy transition in the Southern African... 

Liquid connects the DRC, Congo Brazzaville with high-speed connectivity

By: Natasha Odendaal     16th September 2021 Technology group Liquid Intelligent Technologies has bridged communications between Kinshasa and Congo Brazzaville after leveraging wireless optical communication technology (WOC) from Project Taara at X, Alphabet’s moonshot factory, to deliver affordable high-speed connectivity to communities in... 

Harvesting water from atmosphere posited as a solution to enhance water security

By: Donna Slater     16th September 2021 Technology used to extract water from the Earth’s atmosphere, otherwise known as atmospheric water generating (AWG), may be a solution that can be easily scaled to mitigate current and future water scarcity issues in South Africa and globally, Sustainbale Operations Group (SOG) Water Solutions... 

GE Renewables, Fraunhofer enter research partnership for 3D printing for wind applications

By: Simone Liedtke     16th September 2021 NYSE-listed GE Renewable Energy, research institute Fraunhofer IGCV and 3D printing systems manufacturer voxeljet have entered into a research partnership aimed at developing the world’s largest three-dimensional (3D) printer for offshore wind applications in order to streamline the production of... 

Global alliance for sustainable energy formed 

By: Tasneem Bulbulia     16th September 2021 A group of global leaders from across the renewable energy value chain and the sector’s innovation ecosystem on September 16 launched a new organisation aimed at ensuring renewables are wholly sustainable for people and the planet and lead a just transition away from fossil fuels. The partners,... 

Continental pursues sustainability goals

By: Simone Liedtke     16th September 2021 Tyre manufacturer Continental is pursuing ambitious sustainability goals in order to become the “most progressive manufacturer in the tyre industry by 2030”. Its efforts are centered on climate action, low-emission mobility, the circular economy and sustainable supply chains. 

Kibo Energy invests in UK waste-to-energy project

By: Tasneem Bulbulia     16th September 2021 JSE-listed renewable energy company Kibo Energy has signed a heads of terms with Aim-listed gasification solutions company EQTEC to acquire a 54.54% interest in the proposed 25 MW Billingham waste gasification and power plant at Haverton Hill, in Teesside, in the UK. It is expected that Kibo will... 

Commercial property without carbon emission reduction plans will soon decrease in value – report

By: Simone Liedtke     16th September 2021 Commercial property without plans to slash carbon emissions will soon plummet in value, warns new real estate stock exchange IPSX and sustainability data and consulting firm Carbon Intelligence in a joint report on net-zero initiatives for UK commercial property market valuations. Its findings... 

UK electric aircraft speed record attempt aircraft has flown for the first time

By: Rebecca Campbell     16th September 2021 UK-based global major industrial technology group Rolls-Royce has announced that its all-electric aircraft, ‘Spirit of Innovation’, made its maiden flight on Wednesday, at 14h56 British Summer Time. The aircraft has been specifically developed by a Rolls-Royce-led consortium, under the... 

A photo of the ‘Spirit of Innovation’ taking off on its first flight
Photo by Rolls-Royce
The ‘Spirit of Innovation’ takes off on its first flight

Boeing forecasts commercial aircraft market of more than $3-trillion over next decade

By: Rebecca Campbell     16th September 2021 US aerospace giant Boeing has forecast a commercial aircraft market worth $3.2-trillion over the next ten years. In concrete terms, this would amount to 19 000 aircraft. As for demand over the next 20 years, the group estimates that this would amount to more than 43 000 new aeroplanes, with a... 

New online portal launched to showcase African green recovery projects

By: Terence Creamer     Updated 15 minutes ago A new web-based platform, which will showcase green stimulus projects across Africa, has been officially launched. The portal, which can be found at http://agsp.nepad.org/, was unveiled this week by South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy in her capacity as... 

A photo of a solar farm

Magazine round up | 17 September 2021 

Updated 6 hours ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 17 September 2021

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits Mining MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zimbabwe turns to Mozambique, Zambia to Ease 12-Hour Power Cuts

By: Bloomberg     16th September 2021 Zimbabwe asked Mozambique and Zambia to supply it with more electricity as it tries to fill a power shortfall that’s led to outages of 12 hours a day. “We are in discussions with Mozambique for the recently commissioned power plants to give us an additional 180 MW,” Energy Minister Soda Zhemu... 

IPO mania skips Africa, where fast-growing firms prefer debt

By: Bloomberg     16th September 2021 A global surge in initial public offerings has so far eluded sub-Saharan Africa. Companies have raised a record $467-billion on the world’s stock exchanges during the first eight months of this year, according to data compiled by Bloomberg. Yet in Johannesburg, home of Africa’s largest bourse, 21... 

UN council urges Egypt, Ethiopia, Sudan to restart dam talks

By: Reuters     16th September 2021 The UN Security Council on Wednesday urged Egypt, Ethiopia, and Sudan to resume African Union-led talks to reach a binding deal "within a reasonable timeframe" over the operation of a giant hydropower dam on the Blue Nile in Ethiopia. Egypt and Sudan had both called on the council to help resolve... 

SAA will need upgraded fleet to compete outside Africa, CEO says

By: Bloomberg     16th September 2021 South African Airways will need a more modern fleet to be competitive on routes outside its home continent following the Covid-19 crisis, according to interim CEO Thomas Kgokolo. The State-owned airline, poised to resume flights after emerging from bankruptcy proceedings, used to generate revenue... 

A photo of SAA's logo

Rich nations head to South Africa seeking coal exit deal

By: Bloomberg     16th September 2021 Four of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according to people familiar with the matter. Officials from the US, UK, France and Germany are looking for an agreement with Eskom... 

A photo of a coal-fired power station

SEZs remain attractive, but embracing broader scope as energy, technology change economy 

By: Schalk Burger     15th September 2021 The 12 special economic zones (SEZs) in South Africa remain relatively attractive destinations owing to the financial and non-financial incentives and support services they offer to specific industrial segments. However, they are also developing additional services and offerings to meet demand... 

Growthpoint achieves revenue growth but lower distributable income

By: Simone Liedtke     15th September 2021 JSE-listed Growthpoint Properties’ distributable income, on a per share basis, declined by 19.1% to 148.1c for the financial year ended June 30, mainly as a result of 408-million new shares having been issued in an oversubscribed equity raise of R4.3-billion in November last year. During the same... 

BlueNova opens Intelligent Energy Storage Systems production facility

By: Tasneem Bulbulia     15th September 2021 South African energy storage company BlueNova Energy on September 15 launched its new office and factory space in Pretoria East.  The official opening of the new Intelligent Energy Storage Systems (iESS) production facility marks a critical milestone towards achieving BlueNova’s production goal... 

A photo of a BlueNova iESS system
Photo by Creamer Media's Tasneem Bulbulia
A BlueNova iESS system

Polyco launches municipal-focused recycling strategy

By: Simone Liedtke     15th September 2021 Producer responsibility organisation (PRO) for the plastic industry Polyco is launching a municipal-focused recycling strategy, aimed at drastically improving the country’s recycling rates. To implement this “first of its kind” strategy, Polyco on September 15 said it would work with... 

Opinion: Could South Africa’s logistics crisis derail the citrus sector’s stellar growth trajectory?

15th September 2021 In this opinion article, Nedbank head of agriculture John Hudson writes about how logistics constraints are hampering the growth of South Africa's citrus sector. 

A photo of a box of oranges

Nigeria's Dangote in talks with traders for oil refinery loan

By: Reuters     15th September 2021 Africa's richest man Aliko Dangote is in talks with some of the world's biggest oil traders to help finance his mega refinery project outside of Nigeria's commercial centre Lagos, sources with knowledge of the matter said. The 650 000 bl/d refinery, once complete, will be the continent's largest... 

Coalition plans marches in pursuit of a just transition

By: Simone Liedtke     15th September 2021 Youth leaders, civil society groups, trade unions and grassroots movements under the Climate Justice Coalition have expressed dissatisfaction with the Department of Mineral Resources and Energy (DMRE) and will, as a result, hold planned nationwide marches, it said on September 15. The coalition... 

SA’s quantum technology initiative, led by Wits University, to side-step competitors

By: Rebecca Campbell     15th September 2021 The South African Quantum Technology Initiative (SA QuTI), headed by the University of the Witwatersrand (Wits), does not intend to directly take on the major international quantum technologies competitor countries. “South Africa cannot compete with the billions of euros invested in quantum... 

Eastern Cape Health Dept launches vaccination train with Transnet

By: Donna Slater     15th September 2021 Eastern Cape Health MEC Nomakhosazana Meth on September 14 unveiled Transnet’s first Covid-19 vaccination train – the Transvaco, in what Transnet says is its commitment to support the national vaccination effort and assisting South Africa in achieving community immunity. The new train, which... 

Hyundai, Mini and Hino come out tops in NADA dealership survey 

By: Irma Venter     15th September 2021 Hyundai and Mini have walked away with top honours in the 2021 National Automobile Dealers’ Association (NADA) Dealer Satisfaction Index Survey (DSI) for passenger and light commercial vehicles, while Mitsubishi was the most improved brand. Gold winners in this segment were Suzuki, Toyota,... 

Image of a Hino dealership

UIF urges finalisation of outstanding Covid-19 Ters applications before December deadline

By: Donna Slater     15th September 2021 The Unemployment Insurance Fund (UIF) appeals to employers to resolve any errors on their submitted Covid-19 Temporary Employer/Employee Relief Scheme (Ters) portal to enable the fund to finalise any outstanding claims. The UIF notes that claims cannot be finalised until certain corrections are... 

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