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Cabinet endorses more ambitious carbon pledge ahead of Glasgow summit 

By: Terence Creamer     20th September 2021 Cabinet has approved a revised – and more ambitious – Nationally Determined Contribution (NDC) carbon mitigation target range for 2030 ahead of the upcoming COP26 gathering, which will take place in Glasgow, Scotland, in November. In a statement, Cabinet announced that South Africa had revised... 

A road to an Eskom power station
Photo by Creamer Media
Eskom plans to decommission 11 GW of coal by 2030

Production of facelifted Polo starts at Kariega plant, on sale in 2022 in SA 

By: Irma Venter     20th September 2021 Production of the new-look Polo has started at Volkswagen’s manufacturing plant in Kariega. Vehicle models typically receive a make-over in the middle of their lifecycle. 

Image of Polos leaving Kariega plant
The first shipment of the new-look Polo leaves the VWSA Kariega plant

iREREP to have 30-year lead time, private sector to be responsible for technical and financing aspects 

By: Donna Slater     20th September 2021 The Department of Public Works and Infrastructure (DPWI) launched its Integrated Renewable Energy and Resource Efficiency Programme (iREREP) by opening its request for information (RFI) on September 20, saying its 30-year lead time is aligned with government’s National Infrastructure Plan 2050... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

By: Terence Creamer     20th September 2021 Cabinet has approved an extension of the Hydrogen Society Roadmap (HSRM) to 2030, with the aim of shifting its focus from research to commercialisation. “The HSRM builds on what has been achieved in the past 10 years to prepare South Africa to move from research and development to manufacturing... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

Plan to replace SAFARI-1 with multi-purpose nuclear reactor gets Cabinet nod

By: Terence Creamer     20th September 2021 Cabinet has approved the setting up of the multi-purpose nuclear reactor project to replace the current SAFARI-1 nuclear research reactor, owned by the South African Nuclear Energy Corporation (Necsa). The research reactor, located at Pelindaba, west of Pretoria, is a leading global producer of... 

The Pelindaba complex, west of Pretoria
The Pelindaba complex, west of Pretoria

BLSA deplores the UK’s decision to keep South Africa on the red list for travellers

By: Marleny Arnoldi     20th September 2021 In this week’s Business Leadership South Africa (BLSA) newsletter, CEO Busi Mavuso bemoans the UK authorities’ decision to keep South Africa on the “red list” for travellers. The UK imposed a traffic light system to determine the correct Covid-19 precautions related to travellers, which is... 

BLSA CEO Busi Mavuso
Photo by Creamer Media's Donna Slater
BLSA CEO Busi Mavuso

AMSA appoints Suretha van Wyk as interim CFO

By: Schalk Burger     20th September 2021 Steel producer ArcelorMittal South Africa (AMSA) has appointed its statutory reporting senior manager Suretha van Wyk as interim CFO with effect from October 1. Van Wyk is currently part of the finance team and reports to outgoing CFO Desmond Maharaj, who has resigned as CFO and executive... 

Netstar appoints new chief technology officer

By: Irma Venter     20th September 2021 Vehicle-recovery and fleet-intelligence company Netstar has appointed Clifford de Wit as its new chief technology officer. De Wit will take over from Francois Stols, who is retiring at the end of the year. 

Image of Netstar CTO Clifford de Wit
Clifford de Wit

Bojanala SEZ to create jobs, attract R8bn of investment

By: Yvonne Silaule     20th September 2021 The North West provincial government says the Bojanala Special Economic Zone will create an estimated 2 500 jobs and attract about R8-billion of investment. High on the agenda is mineral beneficiation; the creation of an industrial zone and a logistics park; and investment in information and... 

Western Cape turns the sod at three integrated human settlement developments

By: Yvonne Silaule     20th September 2021 Western Cape Human Settlements Minister Tertuis Simmers last week presided over three sod turnings as part of the development that forms part of the Integrated Residential Development Programme (IRDP). The Blompark housing development, in Gansbaai, which has a budget allocation of just over... 

Sanral joins Saice awards to support professional civil engineering industry for development

By: Schalk Burger     20th September 2021 The South African National Roads Agency Limited (Sanral) is the main awards sponsor for industry organisation the South African Institution of Civil Engineering's (Saice's) 2021 industry excellence awards. Saice has long been aligned with Sanral in supporting a strong civil engineering sector in... 

Study reveals South Africa's weather is becoming more extreme

By: Donna Slater     20th September 2021 South Africa is experiencing more maximum temperature records than expected – a trend which appears to be accelerating, a study by a University of Pretoria (UP) Department of Geography, Geoinformatics and Meteorology PhD student Charlotte McBride shows. McBride, of the South African Weather... 

New working group to encourage smartphone increase for the unconnected

By: Natasha Odendaal     20th September 2021 Vodafone Group and the United Nation’s (UN’s) International Telecommunication Union (ITU) have partnered to launch an initiative aimed at identifying policy, commercial and circular-economy interventions to increase smartphone access. Of the 3.7-billion not connected to the Internet, 3.4-billion... 

Trade policy can accelerate business emissions reduction – WEF study

By: Schalk Burger     20th September 2021 For businesses to reach their emissions targets, the global trading system needs to adapt and businesses are calling for that change, the World Economic Forum (WEF) states in its 'Delivering a Climate Trade Agenda' industry insights report. Action on trade is necessary for businesses to unlock... 

Boeing wins major US Air Force missile maintenance contract

By: Rebecca Campbell     20th September 2021 Giant US aerospace and defence group Boeing announced on Monday that it had been awarded a $1.6-billion sole-source service contract by the US Air Force (USAF). Under the contract, the corporation will service and maintain the guidance systems of the USAF’s land-based Minuteman III... 

Airbus included in German stock exchange’s new leading index

By: Rebecca Campbell     20th September 2021 Europe-based global giant aerospace group Airbus announced on Monday that it had been included on the Deutsche Börse’s (German stock exchange’s) new DAX40 index, effective immediately. Early this month, the Börse expanded its previous DAX30 index to the new list of 40 enterprises. Airbus is... 

Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Creamer Media screenshot taken during 2021 presentation of Exxaro results
Photo by Creamer Media
Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa

PPC completes disposal of PPC Lime and PPC Aggregate Quarries Botswana

By: Schalk Burger     20th September 2021 Construction materials company PPC on September 20 announced that all conditions precedent for the disposal of PPC Lime and PPC Aggregate Quarries Botswana (PPC AQB) have been met. The completion of the sale of PPC Lime and PPC AQB is an important and positive step in the ongoing capital... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

South Africa adopts lower emission target ahead of COP26 meeting

By: Bloomberg     20th September 2021 South Africa’s cabinet adopted the lower greenhouse gas emission target recommended by a panel set up by President Cyril Ramaphosa. The target, known as the country’s nationally determined contribution, is to keep annual emissions at between 371 and 420 megatons of carbon dioxide equivalent by... 

Emissions

Eskom CEO bemoans slow pace of talks on cutting R402bn debt

By: Bloomberg     20th September 2021 Talks about reducing the South African state power utility’s R402-billion debt to a manageable level are taking too long, its CEO Andre de Ruyter said. Eskom Holdings, which produces most of South Africa’s power, can’t meet its running and debt service costs and is dependent on government... 

Cape Town water tariffs will not be decreased to pre-drought levels, despite overflowing dams

By: News24Wire      20th September 2021 Dams supplying water in the City of Cape Town may be overflowing, but water tariffs will not be lowered to what they were before the drought. "It's ridiculous," said ratepayer Domonique Parker. 

Johannesburg Mayor Jolidee Matongo dies in car accident

By: Bloomberg     20th September 2021 The mayor of Johannesburg died in a car accident Saturday after appearing at a campaign event with South African President Cyril Ramaphosa, News24 reported, citing sources who weren’t identified. Jolidee Matongo was elected mayor of South Africa’s economic hub last month, following the passing of... 

Sasol, NRF call for energy transition and green economy solution proposals 

By: Donna Slater     17th September 2021 Integrated energy and chemicals company Sasol and the National Research Foundation (NRF) are requesting research proposals on science and engineering projects that can enable Sasol’s and South Africa’s energy transition, as well as the development of the country’s green economy. Of interest to... 

Africa Investment Forum’s Market Days to be held from December 1 to 3

By: Donna Slater     17th September 2021 This year’s Africa Investment Forum’s Market Days – a multi-stakeholder, multi-disciplinary platform that advances private and public-private partnership projects to bankability stage, raises capital and accelerates deals to financial closure – will take place in Abidjan, Côte d’Ivoire, from... 

Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.

Regulator emphasises the importance of upcoming rail safety conference

By: Tasneem Bulbulia     17th September 2021 South Africa’s Railway Safety Regulator (RSR) has announced that the 2021 Annual Rail Safety Conference will take place from September 29 to October 1. Hosted under the theme “Embracing the new normal through innovative and sustainable rail safety solutions”, this year’s conference will be held... 

Major banks remain resilient, focus turns to new skills and new strategies

By: Schalk Burger     17th September 2021 The four largest banks in South Africa – Absa, FirstRand, Nedbank and Standard Bank – remain resilient, with healthy, stable and above regulatory minimum liquidity and coverage. Their results were also buoyed by underlying business momentum and risk profiles performing better than expected,... 

GBCSA congratulates Redefine on 40 Green Star certifications

By: Tasneem Bulbulia     17th September 2021 JSE-listed South African real estate investment trust (Reit) Redefine Properties recently certified and recertified 40 buildings in its property portfolio, under member-based organisation the Green Building Council South Africa’s (GBCSA’s) Green Star Existing Building Performance (EBP) rating... 

South African taxpayers note improvements in some Sars processes

By: Tasneem Bulbulia     17th September 2021 Over the past few years, South Africa’s tax landscape has undergone significant change, with a number of  leadership, structural and policy changes; and moreover, the Covid-19 pandemic has impacted government coffers, disrupted businesses and placed tremendous financial strain on individuals. In... 

PetroSA mulls geothermal as way to offset ‘decommissioning liability monster’ 

By: Terence Creamer     17th September 2021 Embattled State-owned gas-to-liquids refiner PetroSA is considering plans to harness geothermal energy from its mature or depleted gas wells to produce electricity and delay decommissioning. Addressing a conference in Cape Town this week, Central Energy Fund (CEF) CEO Dr Ishmael Poolo reported... 

PetroSA refinery in Mossel Bay
Photo by Creamer Media
PetroSA refinery in Mossel Bay

Boeing forecasts trillions in defence, space, security and services markets over next decade

By: Rebecca Campbell     17th September 2021 US major aerospace and defence group Boeing has forecast that the global defence and space market will be worth $2.6-trillion over the next ten years. This prediction is pretty much the same as that made by the group in its market outlook report last year. Of this figure, 60% will be accounted... 

State-owned defence group to pay trade union millions in salary arrears

By: Rebecca Campbell     17th September 2021 Trade union Solidarity announced on Friday that financially-embattled State-owned defence industrial group Denel had just paid it R4-million. The money is to cover the salary arrears of union members employed by Denel Dynamics and Denel Land Systems. “The payment of the salary money to Solidarity... 

Mercedes-Benz hands over final bus in 100-unit order from Putco 

By: Irma Venter     17th September 2021 Mercedes-Benz Buses has handed over the last unit in a 100-bus order from transport operator Putco. The delivery of this fleet was staggered into batches from December. 

Image of keys handover from Mercedes-Benz to Putco

Core lending, interest income drive DBSA’s profit up by 182%

By: Donna Slater     17th September 2021 Development finance institution (DFI) the Development Bank of Southern Africa (DBSA) reports that its net profit for the financial year ended March 31 had increased by 182% to R1.4-billion, compared with the net profit of R504-million recorded for the 2020 financial year. CEO Patrick Dlamini... 

SAPVIA speaks out on Suntech Solar’s court application against the DTIC

By: Simone Liedtke     17th September 2021 The South African Photovoltaic Industry Association (SAPVIA) has been named as a respondent in an application filed by local renewable energy supplier Suntech Solar Power South Africa earlier this month. Suntech Solar has taken the decision to challenge the Risk Mitigation Independent Power... 

Hyundai South Africa gets new flagship as it launches Palisade

By: Irma Venter     17th September 2021 Hyundai has a new flagship model in its range – the million-rand Palisade luxury large sports-utility vehicle (SUV). The Palisade, which is just short of five meters, takes its place in the local Hyundai SUV line-up next to its slightly smaller sibling, the Santa Fe, as well as the Tucson, Creta,... 

Image of the Hyundai Palisade
The Hyundai Palisade

DNG, Masana partner to make LNG in transport a reality

By: Marleny Arnoldi     17th September 2021 Alternative fuel company DNG Energy’s petroleum division and energy company Masana Petroleum Solutions will test the feasibility of making liquefied natural gas (LNG) available to South Africa’s transport industry. The partnership comes as the world is seeking cheaper alternatives to... 

LNG tanks in South Korea
Photo by Bloomberg
LNG tanks in South Korea

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