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Port of Maputo achieves new handling record, new masterplan to be released

By: Irma Venter     Updated 1 hour 51 minutes ago The Port of Maputo notched up a new handling record in 2021, registering 21% growth compared with the previous year.  The total volume handled in 2021 was 22.2-million tons, against the 18.3-million tons achieved in 2020.  

Image of the Port of Maputo
The port of Maputo

South Africa’s emergency power process nears another deadline

By: Bloomberg     Updated 1 hour 48 minutes ago South Africa has made faltering progress toward implementing plans announced more than two years ago to procure additional power needed to swiftly address crippling energy shortages. The Department of Mineral Resources and Energy first issued a request for information from potential electricity... 

A Kapowership vessel

Vukile’s subsidiary acquires 22% stake in a fellow Spanish Reit

By: Tasneem Bulbulia     Updated 3 hours ago JSE-listed Vukile Property Fund’s 88%-held Madrid-listed subsidiary, Castellana Properties Socimi, has acquired a 21.7% shareholding in its market peer Lar España Real Estate Socimi. The transaction, valued at about €100-million, represents an investment with outstanding synergies, posits Vukile... 

ARB receives firm intention offer for acquisition

By: Natasha Odendaal     Updated 5 hours ago JSE-listed investment holding company ARB Holdings has confirmed it has received a firm intention offer from a private company for the acquisition of the entire issued share capital of ARB, excluding certain shares, for a cash consideration of R8 a share by way of a scheme of arrangement. ARB,... 

Reserve Bank announces another interest rate hike

By: News24Wire      Updated 35 minutes ago The Reserve Bank's monetary policy committee has hiked the repo rate by another 25 basis points to 4%. This brings the prime rate to 7.5%. Four members of the committee voted for the increase, while one voted for an unchanged rate.  

Reserve Bank Governor Lesetja Kganyago
Reserve Bank Governor Lesetja Kganyago

MeerKAT secures an unprecedented image of the Galactic core

By: Rebecca Campbell     Updated 4 hours ago South Africa’s already world-renowned MeerKAT radio telescope array, located in the Karoo region of the Northern Cape province, has again ‘delivered the goods’. An international team has released an unprecedentedly clear and detailed radio wavelength image of the centre of our galaxy, the Milky... 

This image shows a small part of the new image of the Galactic core, with the supernova remnant G359.1-0.5 in the centre. The bright object to the left is a ‘runaway’ pulsar, known as ‘the Mouse’. In the upper right is one of the longest known radio filaments, called ‘the Snake’
Photo by Dr Ian Heywood/SARAO
This image shows a small part of the new image of the Galactic core, with the supernova remnant G359.1-0.5 in the centre. The bright object to the left is a ‘runaway’ pulsar, known as ‘the Mouse’. In the upper right is one of the longest known radio filaments, called ‘the Snake’

Water Boards to be reviewed

By: Natasha Odendaal     Updated 3 hours ago South Africa’s water boards are set to be reviewed in an effort to enhance service delivery, starting with the Sedibeng Water Board, which the Department of Water and Sanitation (DWS) said it has bailed out on two occasions in the recent past. Water and Sanitation Minister Senzo Mchunu said that... 

Eaton appoints Godfrey Marema as South African MD

By: Schalk Burger     Updated 6 hours ago Power equipment and management company Eaton has appointed Godfrey Marema as plant manager and MD for South Africa. He will be responsible for managing and working with the team to meet and exceed operational results to grow the business, coordinate local leadership efforts and drive stakeholder... 

Eaton South Africa MD Godfrey Marema
Eaton South Africa MD Godfrey Marema

VWSA appoints new sales and marketing director

By: Irma Venter     Updated 17 minutes ago Volkswagen Group South Africa (VWSA) has appointed Thomas Milz as its new sales and marketing director. Milz has occupied various positions across the Volkswagen Group since 1997, in a career spanning Germany, the US, the Middle East and Russia.  

Image of Volkswagen Group South Africa (VWSA) sales and marketing director Thomas Milz
Thomas Milz

Bolt welcomes inclusion of e-hailing drivers under Taxi Relief Fund

By: Irma Venter     Updated 22 minutes ago Bolt, the mobility service that currently connects more than 25 000 drivers with passengers across South Africa, says it welcomes the launch of government's Covid-19 Taxi Relief Fund (TRF).  The fund offers a once-off payment for qualifying drivers that experienced loss of income during the... 

Image of the head of public policy for Southern Africa at Bolt, Andrew Ihsaan Gasnolar
Andrew Ihsaan Gasnolar

Bitcoin-paying solar power company plans African expansion

By: Bloomberg     Updated 3 hours ago Sun Exchange, a South African firm that crowd-sources funds for solar panels and leases them to customers, plans to expand to other countries on the continent. The company, backed by a group part-owned by billionaire Patrice Motsepe’s African Rainbow Capital Investments Ltd., raised $1.4 million... 

Airbus avails previous generation Beluga’s for private oversized air cargo charter

By: Donna Slater     Updated 24 minutes ago Aircraft manufacturer Airbus is making its fleet of iconic whale-shaped Beluga Super Transporter (ST) aircraft available to private clients for abnormal air freight transportation requirements. Airbus’ five-strong BelugaST aircraft fleet, which has been the backbone of the company’s inter-site... 

An image of an Airbus BelugaST
The Airbus Beluga Super Transporter, tail number 3

Wits pays tribute to Professor Emeritus Huw Phillips

By: Tasneem Bulbulia     Updated 3 hours ago The University of the Witwatersrand (Wits) has paid tribute to the late Professor Emeritus Huw Phillips – a Wits stalwart known for his teaching, research and leadership in mining engineering the world over. “An integral part of the Wits community, Professor Phillips left an indelible mark in his... 

Mineworkers Provident Fund backs African digital infrastructure roll-out

By: Tasneem Bulbulia     Updated 5 hours ago Retirement fund the Mineworkers Provident Fund (MWPF) has committed $20-million, or about R305-million, to investment management firm Convergence Partners’ Digital Infrastructure Fund. Convergence has backing from several international development finance institutions with the aim of accelerating... 

Macsteel business launched to support construction industry

By: Schalk Burger     26th January 2022 Steel products distributor Macsteel has established Macsteel Foundation Solutions, which provides customers in the construction industry with steel-based construction and innovative lateral support services and products The new business is part of the company’s strategy to reimagine and... 

Africa digital agriculture needs growth-stage capital and robust, scalable business models

By: Schalk Burger     26th January 2022 Digital technologies in agriculture have the potential to transform Africa’s food systems to deliver better livelihoods for farmers, high-quality and more consistent ingredients for processors and healthy and sustainable diets for consumers. However, without adequate growth-stage capital and a... 

Fulbright scholarships open for South Africans to study in the US

By: Tasneem Bulbulia     26th January 2022 The US Mission to South Africa has opened applications for its Fulbright scholarship programme. The Fulbright Foreign Student Program is a competitive scholarship that funds postgraduate study in the US. 

GBCSA appoints new chairperson

By: Darren Parker     26th January 2022 The Green Building Council South Africa (GBCSA) board has appointed property investment firm Liberty Two Degrees (L2D) asset management executive Brian Unsted as its new chairperson. Unsted has 28 years of experience in the South African property industry and is the sustainability champion for... 

A photo of new GBCSA chairperson Brian Unsted
New GBCSA chairperson Brian Unsted

Hydrogen roadmap targeting societal well-being, North West conference told  

By: Martin Creamer     26th January 2022 In terms of high-level outcomes, the vision of South Africa’s Hydrogen Society Roadmap is to create an inclusive, sustainable and competitive hydrogen economy to support net-zero carbon economic growth and societal well-being, Department of Science and Innovation (DSI) chief director hydrogen and... 

North West Mining and Energy Conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Airbus Helicopters reports solid 2021 recovery with 419 orders

By: Schalk Burger     26th January 2022 Aerospace manufacturer subsidiary Airbus Helicopters reports that it had logged 419 gross orders, 414 net, in 2021, with 167 customers across 45 countries, and that 338 aircraft have been delivered. This showed solid signs of recovery from the 2020 market situation, which had been heavily... 

Adcock expects to report up to 30% improvement in earnings

By: Darren Parker     26th January 2022 Pharmaceutical company Adcock Ingram has advised shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31, were expected to show an improvement of between 27% and 30%, or between 50.4c and 56c, year-on-year. This compares with the... 

Online tyre retailer launched in South Africa

By: Darren Parker     26th January 2022 Multinational online tyre retailer Blackcircles has launched its service in South Africa. Following a soft launch in December, the company kicked off full promotion in early January. The company was originally founded in 2001 by UK entrepreneur Michael Welch. It was later acquired by tyre... 

A photo of Blackcircles GM Devlin Moodley
Blackcircles GM Devlin Moodley

Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     26th January 2022 Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

AIDC Eastern Cape, SABS sign MoU focused on EVs

By: Irma Venter     26th January 2022 The Automotive Industry Development Centre Eastern Cape (AIDC EC) has signed a memorandum of understanding (MoU) with the South African Bureau of Standards (SABS). This forms part of the AIDC EC’s strategy to position the domestic automotive supply chain for growth and innovation, particularly in... 

Image of AIDCEC CEO Thabo Shenxane, Jodi Scholtz, Lead Admin SABS
Thabo Shenxane and Jodi Scholtz

Volkswagen’s Kariega plant manufactures it 100 000th Polo Vivo

By: Irma Venter     26th January 2022 Volkswagen Group South Africa (VWSA) this week celebrated a production milestone at its Kariega plant, in the Eastern Cape, with the hundred-thousandth unit of the current Polo Vivo rolling off the production line. This comes just more than four years after the plant began manufacturing the... 

Image of the 100 000th Vivo being produced at VWSA's Kariega plant

International airline body calls for countries to more rapidly lift travel restrictions

By: Rebecca Campbell     26th January 2022 The representative body of the global airline industry, the International Air Transport Association (Iata), has called on governments to more rapidly ease the restrictions they imposed on travel, to try and counter the Covid-19 pandemic. This was because the disease was moving from pandemic to... 

Food inflation decelerating but there are upside risks for 2022

By: Rebecca Campbell     26th January 2022 In its latest “Food Inflation Brief”, the Bureau for Food and Agricultural Policy (BFAP) has reported that food and non-alcoholic beverages price inflation came to 5.5% in December, in year-on-year terms. In month-on-month terms, the increase was 0.5%. For food alone, the year-on-year inflation... 

BME unpacks new-gen electronic detonator 

26th January 2022 Mining explosives and blasting technology supplier BME is in the process of rolling out its new-generation electronic detonator system called AXXIS Titanium across the country and other key markets. Marleny Arnoldi visited the assembly site. 

BME unpacks new-gen electronic detonator

Greater accountability needed for underperforming construction contractors

By: Donna Slater     26th January 2022 Following concerns about the lengthy and litigious process to recoup money from underperforming construction contractors, the Portfolio Committee on Human Settlements has requested that government enhance accountability mechanisms against contractors responsible for blocked and unfinished human... 

Artificial intelligence M&A deals grew by 33.5% in the past 12 months – GlobalData

By: Schalk Burger     26th January 2022 Artificial intelligence (AI) sector deals have grown by 33.5% in the past 12 months, with the average deal valued at $159-million, says data and analytics company GlobalData. It adds that the number of AI deals is likely increasing as the technology becomes more advanced and more companies see... 

Global steel production increased by 3.7% y/y in 2021

By: Schalk Burger     26th January 2022 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) reached 1.95-billion tonnes in 2021 – a 3.7% year-on-year increase. China produced 1.03-billion tonnes – a 3% year-on-year decline. 

CEF in the clear with exec appointments

By: Marleny Arnoldi     26th January 2022 The board of the Central Energy Fund (CEF) says the Auditor-General’s (AG’s) final management report relating to the appointment of CEF executives confirms that the appointment processes were conducted lawfully and in accordance with internal recruitment policies.    The CEF recently appointed... 

Telkom’s iWayAfrica, Africa Online Mauritius and Multi-Links transaction under the SIU spotlight 

By: Natasha Odendaal     26th January 2022 Telecommunications group Telkom has assured stakeholders that it follows robust governance principles following President Cyril Ramaphosa’s green light for an investigation into possible maladministration in the sale or disposal of iWayAfrica, Africa Online Mauritius and Multi-Links... 

KOKO aims to replace charcoal in $47bn cooking fuel market

By: Bloomberg     26th January 2022 KOKO Networks, a startup targeting sub-Saharan Africa’s $47-billion cooking-fuel market, plans to expand its ethanol stove manufacturing capacity 10-fold and then grow globally. The company manufactures its stoves in India and sells them, as well as the fuel they use, in Kenya. KOKO plans to... 

Cisco 2022 tech trend predicts ethical, responsible, explainable AI

By: Schalk Burger     26th January 2022 Information and communications network technology company Cisco says the growing use of artificial intelligence (AI) to process extreme quantities of data means AI needs to be transparent, so everyone using the system understands how the insights have been produced. Transparency must be present... 

Cisco Middle East and Africa CTO Osama Al-Zoubi
Cisco Middle East and Africa CTO Osama Al-Zoubi

MSI assists young people with business development skills

By: Yvonne Silaule     25th January 2022 The Mpumalanga Stainless Initiative (MSI) will from next week run an entrepreneurship programme to assist young people to effectively start businesses or scale up existing small businesses into high-growth ventures, through structured entrepreneurship training. MSI is a nonprofit technology... 

TIA gets new board to maximise technology innovation and commercialisation impact

By: Schalk Burger     25th January 2022 The public technology commercialisation agency the Technology Innovation Agency (TIA) has had a new board of directors appointed by Higher Education, Science and Innovation Minister Dr Blade Nzimande at a time when the agency is increasingly being called upon to find ways to maximise its impact... 

Steve Griessel appointed Paramount Group CEO

By: Schalk Burger     25th January 2022 Aerospace and technology company Paramount Group has appointed US subsidiary Paramount USA CEO Steve Griessel as its group CEO with immediate effect. This comes as the group further globalises its operations and expands its network of strategic partnerships with governments and major corporations... 

Paramount Group CEO Steve Griessel
Paramount Group CEO Steve Griessel

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