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Evaluation of short-term power bids being hamstrung by Covid-19, Eskom confirms

By: Terence Creamer     Updated 1 hour 36 minutes ago Progress on Eskom’s proposed Short-Term Power Purchase Programme, initiated to help limit load-shedding while the State-owned utility implements a so-called reliability maintenance programme across its coal fleet over the coming 18 months, is being seriously retarded by South Africa’s Covid-19... 

Evaluation of short-term power bids being hamstrung by Covid-19, Eskom confirms

Public Enterprises welcomes yes vote for SAA rescue plan, announces interim CEO

By: Rebecca Campbell     Updated 51 minutes ago The Department of Public Enterprises (DPE) welcomed the outcome of the creditors’ vote on the proposed business rescue plan for State-owned South African Airways (SAA). The financially beleaguered national flag carrier is under business rescue. In the vote on Tuesday, 86% of the creditors voted... 

Public Enterprises welcomes yes vote for SAA rescue plan, announces interim CEO

New Transnet Port Terminals chief on his ‘baptism of fire’

By: Terence Creamer     Updated 3 hours ago Newly appointed Transnet Port Terminals (TPT) CEO Velile Dube, who officially assumed the role on July 1, acknowledges that his first few weeks were nothing short of a “baptism of fire”. The experience proved challenging not because Dube was new to TPT, or the broader Transnet group for that... 

New Transnet Port Terminals chief on his ‘baptism of fire’
Transnet Port Terminals CEO Velile Dube

UIF resumes payments after beefing up TERS security system

By: Marleny Arnoldi     Updated 6 hours ago The Unemployment Insurance Fund (UIF) has introduced new, more stringent controls to verify banking details, to ensure that the Covid-19 Temporary Employee Relief Scheme (TERS) does not fall prey to criminal elements. As a result of having to implement the security changes, the fund has had to... 

Positive reaction to ANC document’s encouragement of exploration

By: Martin Creamer     Updated 4 hours ago Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... 

Positive reaction to ANC document’s encouragement of exploration
Photo by Creamer Media
Paul Miller...flashback to his period in coal exploration and development.

Tourism industry considering its options

By: Tasneem Bulbulia     Updated 2 hours 46 minutes ago The board of Umbrella body the Tourism Business Council of South Africa (TBCSA) recently held an urgent meeting to discuss way forward for the sector. This is after various attempts to convince government to allow a phased reopening of the tourism sector, especially the use of leisure... 

Aspen proposes price reductions to address European Commission concerns

By: Marleny Arnoldi     Updated 1 hour 9 minutes ago JSE-listed pharmaceutical group Aspen Pharmacare Holdings has agreed to various commitments to address competition concerns raised by the European Commission after it opened an investigation into Aspen and some of its European subsidiaries. The commission believes Aspen may have abused its... 

Major British aerospace manufacturer unveils ‘Factory 4.0’

By: Rebecca Campbell     Updated 4 hours ago UK-based global major aerospace and defence group BAE Systems on Monday unveiled its new intelligent factory at its complex in Warton in Lancashire, England. This factory has been developed to support the UK’s Tempest next (sixth) generation combat aircraft technologies programme.  The group... 

Major British aerospace manufacturer unveils ‘Factory 4.0’
Photo by BAE Systems
BAE Systems/Fairfield Control Systems new intelligent workstations

Kenya announces that it is going to re-open its airspace

By: Rebecca Campbell     Updated 1 hour 53 minutes ago The Kenyan government announced on Monday that it was going to re-open the country’s commercial aviation sector and allow the resumption of both domestic and international flights, Logistics Update Africa has reported. Domestic flights will restart on Wednesday (July 15) and international flights... 

DMRE budget slashed by R1.5bn

By: Donna Slater     Updated 9 minutes ago The Department of Mineral Resources and Energy’s (DMRE’S) budget for the 2020/21 financial year has been reduced by R1.5-billion, from the initial R9.3-billion, owing to the impact of the Covid-19 pandemic, taking the revised yearly budget for the financial year to R7.8-billion. The Portfolio... 

Pilots trying to squeeze SAA dry, says government ahead of crucial creditors vote

By: News24Wire      Updated 4 hours ago The Department of Public Enterprises (DPE) has accused the South African Airways Pilots Association (SAAPA) of trying "to squeeze the last resources out" of South African Airways ahead of a crucial vote by creditors of the airline on a proposed business rescue plan, scheduled for Tuesday. A vote... 

Pilots trying to squeeze SAA dry, says government ahead of crucial creditors vote

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur  

By: Martin Creamer     13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur  CEO Juan Luis Krueger said on Monday. Krueger was speaking during an  International Council on Mining and Metals (ICMM) online... 

International Council on Mining and Metals virtual Covid event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Indian Air Force receives last batch of Boeing military helicopters ordered in 2015

By: Rebecca Campbell     13th July 2020 US global major aerospace and defence group Boeing has concluded deliveries of helicopters to the Indian Air Force (IAF), ordered under a September 2015 contract. The order was for 22 AH-64E Apache attack and 15 CH-47F(I) Chinook heavy transport helicopters. The last batch of the helicopters... 

TIPS Tracker: The economy and the pandemic

By: Creamer Media Reporter      13th July 2020 Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. Daily growth in reported new cases has exceeded 7% a day in Gauteng, KwaZulu-Natal and the North West, and... 

Oil and gas sector's growth potential to be fueled by renewable energy

By: Simone Liedtke     13th July 2020 Oil and gas field operations are increasingly being fueled by renewable energy, which NYSE-listed IHS Markit says is a "surprising source". New analysis done by IHS shows that oil and gas companies are starting to use zero-carbon sources to reduce carbon emissions associated with their operations. 

Dlamini-Zuma elaborates on alcohol ban, family gatherings   

By: Marleny Arnoldi     13th July 2020 Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma says government is taking every possible measure that it can to help curb the spread of Covid-19, which has called for some controversial regulation changes and restrictions since the start of the lockdown in South... 

Dlamini-Zuma discusses some of the issues around the new alcohol ban and family gatherings

UK announces funding for development of advanced modular nuclear reactors

By: Rebecca Campbell     13th July 2020 The British government announced on Friday that it was awarding funding of £40-million for the development of advanced modular nuclear reactors (AMRs) and associated technologies. This was part of the UK’s programme to develop new and low-carbon industries and energy sources, thereby creating... 

Samsung South Africa launches new equity equivalent investment programme initiatives

By: Simone Liedtke     13th July 2020 Samsung South Africa has announced its Equity Equivalent Investment Programme (EEIP) plans, which are aimed at empowering previously disadvantaged South Africans, with a focus on women and youth in the information and communications technology (ICT) sector. The programme initiatives are set to... 

Coega Development Corporation to implement Tshwane auto SEZ 

By: Irma Venter     13th July 2020 The Coega Development Corporation (CDC), the developer and operator of the Coega Special Economic Zone (SEZ), has been appointed as the implementing agent to develop and operate the Tshwane Automotive Special Economic Zone (TASEZ).  The CDC, as a public entity, is the implementing agent of choice... 

Transnet welcomes arrest of fuel thieves

By: Donna Slater     13th July 2020 State-owned logistics company Transnet commends law enforcement agencies following the arrest of two fuel theft suspects in Rustenburg, North West, over the weekend. The two suspects were apprehended while extracting diesel from the pipeline to a petrol tanker.  

Rising imports could jeopardise local agricultural economy, says Agri SA

By: Tasneem Bulbulia     13th July 2020 Industry organisation Agri SA has called on government to be vigilant around produce trade. Globally, the decline in demand for agricultural produce has resulted in stock surpluses and over-capacitated storage facilities, it says. 

Private sector investment, confidence ‘the only way’ out of Covid-19 crisis, says BLSA’s Mavuso

By: Simone Liedtke     13th July 2020 Driving private sector investment and confidence has been touted as “the only way” out of the Covid-19 crisis, following the release of Business for South Africa’s (B4SA’s) proposals for an accelerated economic recovery for South Africa. Along with these “bold fightback measures”, Business... 

Public Enterprises urges yes vote for SAA business rescue plan

By: Rebecca Campbell     13th July 2020 The Department of Public Enterprises has called on the stakeholders in financially-embattled State-owned airline South African Airways to vote in favour of the proposed business rescue plan for the carrier. The main stakeholders are the creditors of, and the unions representing workers at, SAA.... 

Kobe, Vale and Mitsui team up on low CO2 iron-making

By: Creamer Media Reporter      13th July 2020 Japanese steelmaker Kobe Steel is collaborating with the iron-ore major Vale and global trading and investment company Mitsui on providing low carbon dioxide (CO2) iron metallic and iron-making solutions. Kobe says the direct reduction iron-making technology of its US subsidiary, Midrex... 

Kobe, Vale and Mitsui team up on low CO2 iron-making
Direct reduced iron is a raw material for steelmaking made by reducing iron-ore.

Solidarity Fund approves R405m for critical medical equipment

By: Tasneem Bulbulia     13th July 2020 As the Covid-19 pandemic intensifies across South Africa and the country braces for an expected surge in hospital admissions, the Solidarity Fund has responded by approving an additional R405-million towards the purchase of critical healthcare equipment for the public hospital system in the... 

Fiat Chrysler SA appoints new CEO

By: Irma Venter     13th July 2020 As part of a restructuring in some African markets, Fiat Chrysler Automobiles (FCA) has announced the appointment of Ismaeel Hassen as the new CEO for FCA South Africa (SA).  Outgoing CEO Pierre Martin Bos will now head up the company’s operations in Morocco. 

Fiat Chrysler SA appoints new CEO
Ismaeel Hassen

Alcohol industry laments renewed ban

By: Donna Slater     13th July 2020 Stakeholders in the alcohol industry are lamenting the prohibition on alcohol sales that was announced by President Cyril Ramaphosa on July 12 and which came into effect immediately. The South African government instated an initial ban on alcohol sales when the country went into Alert Level 5... 

Contracted bus sector struggles with high cost of Covid-19 compliance 

By: Irma Venter     13th July 2020 It costs around R1.3-million a day, or R34-million a month, for the contracted public transport bus sector to adhere to the hygiene and safety protocols implemented under the Covid-19 pandemic, says South African Bus Operators Association (Saboa) executive manager Bazil Govender. The sector... 

Contracted bus sector struggles with high cost of Covid-19 compliance

Investors in mining exploration should be incentivised – ANC’s ETC 

By: Martin Creamer     13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

Investors in mining exploration should be incentivised – ANC’s ETC
Photo by Creamer Media
ANC document says mining exploration should be incentivised.

Return of foreign mineworkers taking double planned time   

By: Martin Creamer     13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ramaphosa announces ban on sale of alcohol, nationwide curfew returns

By: African News Agency      12th July 2020 As South Africa heads towards a peak in coronavirus (Covid-19) infections, President Cyril Ramaphosa has announced that the sale of alcohol across the country will be suspended and a nationwide curfew will be re-instituted.  “As we head towards the peak of infections, it is vital that we do not... 

Ramaphosa announces ban on sale of alcohol, nationwide curfew returns

Ian McRae, who oversaw Eskom’s ‘electricity for all’ policy, dies 

12th July 2020 The much respected former CEO of Eskom, Ian McRae, died in the early hours of Sunday morning July 12, 2020. He was 90 years old. Born in Germiston on September 24, 1929, Ian Campbell McRae started his career as an apprentice fitter and turner at Eskom. After qualifying he went on to obtain a... 

Eskom CEO Andre de Ruyter pays tribute to Dr Ian McRae, who died on July 12.

Nasa’s latest Mars rover now on top of its launch rocket

By: Rebecca Campbell     10th July 2020 The US National Aeronautics and Space Agency (Nasa) announced on Thursday that its latest Mars rover, Perseverance, had been attached to the top of the Atlas V launch rocket (produced by the United Launch Alliance) that will carry it into space. The operation actually took place on Tuesday. The... 

Nasa’s latest Mars rover now on top of its launch rocket
Photo by Nasa
Encased within the nose cone, the Mars 2020 spacecraft is manoeuvred into place on top of its Atlas V launch rocket

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent 

By: Martin Creamer     10th July 2020 Despite the challenges presented by the Covid-19 pandemic, Pan African Resources on Friday reported higher gold production, lower debt, good safety, environmental progress, project advances and intensified dividend intent. In an operational update for the year ended June 30, the London-,... 

Pan African reports higher output, lower debt, upped guidance, intensified dividend intent
Hydraulic mining of Pan African's surface tailings.

South Africa urged to recycle more of its copper scrap

By: Donna Slater     10th July 2020 Given limited domestic copper production, South Africa should prioritise the recycling of copper scrap to ensure there remains sufficient stock as the economy changes to be more energy efficient and less reliant on fossil fuels, Copper Development Association Africa (CDAA) executive chairperson... 

Sisulu calls for action against individuals “blocking development”

By: Tasneem Bulbulia     10th July 2020 Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has called for strong and immediate action to be taken against individuals who are preventing people from being moved into their new homes in the City of Cape Town. This comes after reports that a group of people from a Cape Town... 

Talks over Grand Ethiopian Renaissance Dam remain deadlocked

By: African News Agency      10th July 2020 Negotiations between Egypt, Sudan and Ethiopia over the filling and operation of the controversial Grand Ethiopian Renaissance Dam (GERD) have produced no results after seven straight days of talks, reported Daily News Egypt. According to the report, Egypt’s Ministry of Water Resources and... 

IEA warns oil demand recovery at risk from virus resurgence

By: Bloomberg     10th July 2020 The International Energy Agency bolstered its outlook for global oil demand, but warned that the recovery could be derailed by the resurgence of coronavirus. A collapse in fuel consumption during the second quarter was slightly less severe than previously estimated, and demand should rebound... 

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