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NPC calls for declaration of ‘energy emergency’ to facilitate rapid building of generation and storage over 24 months

By: Terence Creamer Updated 1 hour 21 minutes ago The National Planning Commission (NPC) has called for the declaration of an ‘energy emergency’ to override any red tape currently preventing the construction of new electricity capacity, as well as to make it possible to build 10 000 MW of new generation and 5 000 MW of new storage capacity over... →

Trucks block South African road to Mozambique as fuel costs surge

By: Bloomberg Updated 34 minutes ago Protesters in a city in South Africa’s north east blocked roads including a highway linking the country to Mozambique with trucks Wednesday morning as they demonstrated against fuel prices rising to a new record. The road between Mbombela, 350 km east of Johannesburg, and White River has been... →

Just Transition Framework means South Africa can ‘proceed apace’ with $8.5bn partnership

By: Terence Creamer 5th July 2022 President Cyril Ramaphosa says the publication of the Just Transition Framework will enable South Africa to “proceed apace with harnessing the benefits” of the Just Energy Transition Partnership concluded with the US, the UK, Germany, France and the European Union in late 2021. The partnership... →

President Cyril Ramaphosa

Aveng receives R282m settlement payment for outstanding claim

By: Schalk Burger Updated 48 minutes ago JSE-listed construction engineering group Aveng says it has reached settlement on and received payment of R282-million for a long-outstanding claim, which was previously disclosed in its December 2021 interim results as an amount that had been subject to protracted legal proceedings. The... →

Treasury says Pension Funds Act changes encourage infrastructure investment

By: Terence Creamer 5th July 2022 The National Treasury has published amendments to Regulation 28 of the Pension Funds Act that encourages infrastructure investments by retirement funds, while still leaving the final investment decision to fund trustees. The amendments will take effect on January 3, 2023. →

Farmers, consumers buckling under load-shedding-induced costs

By: Marleny Arnoldi Updated 1 hour 45 minutes ago Industry body Agri SA has warned of the impact of ongoing power outages on the agricultural sector, with rising risks of food insecurity and social instability. Agri SA’s remarks come in the wake of South Africa experiencing Stage 6 rolling blackouts, which involves longer and more frequent... →

TFR offers deed of amendment to lift force majeure on coal exporters

By: Schalk Burger Updated 2 hours 2 minutes ago State-owned Transnet Freight Rail (TFR) is encouraging coal export parties to sign a deed of amendment for the remaining term of a long-term agreement, which expires in March 2024, to lift its force majeure on them, which was declared owing to a severe shortage of operational locomotives.... →

Unions sign 7% Eskom wage offer

By: News24Wire 5th July 2022 The National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) have accepted Eskom's one-year 7% wage deal have signed an agreement to this effect. This comes after a several-week deadlock in wage talks at the Central Bargaining Forum, which triggered... →

Drakenstein municipality explores IPP procurement to combat load-shedding

By: Terence Creamer 5th July 2022 The Drakenstein municipality in the Western Cape – encompassing Paarl, Wellington, Mbekweni, Gouda, Saron, Hermon and Simondium – reports that it is exploring the procurement of electricity from independent power producers (IPPs) to mitigate the negative impact of ongoing load-shedding by Eskom.... →

UK-funded low carbon technology programme calling for proposals in South Africa

By: Rebecca Campbell Updated 3 minutes ago The UK Government-funded Climate Finance Accelerator (CFA) programme’s South African operation is calling for investment proposals from local low-carbon projects that would fight climate change but need funding. Funded by the UK Government Department of Business, Energy and Industrial Strategy,... →

SAHHA Conference announces keynote speaker – Aurizon’s John Woods

By: Simone Liedtke Updated 1 hour 12 minutes ago The South African Heavy Haul Association (SAHHA) Conference will feature a keynote presentation by rail transport company Aurizon planning and scheduling head John Woods. Woods, who is based in Australia, will share Aurizon’s case study, titled ‘Integrated Rail Planning & Scheduling... →

Godongwana welcomes Mogajane, Kekana to GEPF board

By: Schalk Burger Updated 37 minutes ago Finance Minister Enoch Godongwana has welcomed the election of Dondo Mogajane as Government Employees Pension Fund (GEPF) chairperson and that of Eddie Kekana as deputy chairperson. Godongwana convened the first sitting of the new GEPF board of trustees on July 4. →

Insimbi to exit noncore plastics business

By: Schalk Burger Updated 39 minutes ago JSE-listed industrial supplies group Insimbi's board has resolved to exit the company’s noncore operation Insimbi Plastics and to dispose of its assets and or the business as part of the group's ongoing drive to improve efficiencies and move away from certain nonperforming marginal activities.... →

South African business activity expands at faster pace in June – PMI

By: Reuters 5th July 2022 South African private sector activity expanded at a faster rate in June, helped by growth in demand and employment, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 52.5 in June from 50.7 in May, posting its highest reading in just over a year.... →

Firm says at least 32 companies likely to delist from South Africa’s exchanges this year

By: Marleny Arnoldi 5th July 2022 South Africa’s stock exchanges are set to experience a few delisting’s in the remainder of the year, which is likely to take the full-year total to at least 32. Consultancy AmaranthCX reports that South Africa had 332 listed companies at the start of the year, across the JSE and three other... →

Global natural gas demand set for slow growth in coming years, IEA report shows

By: Tasneem Bulbulia 5th July 2022 Global natural gas consumption is expected to contract slightly this year and grow slowly over the following three years as Russia’s war in Ukraine pushes up prices and fuels fears of further supply disruptions, the International Energy Agency (IEA) states in its latest ‘Gas Market Report’. The... →

Funders give Nampak until April 2023 to reduce debt by R1bn

By: Schalk Burger 5th July 2022 JSE-listed packaging company Nampak says funders have agreed to extend the date by which the company is required to reduce its net interest-bearing debt by R1-billion to April 1, 2023. Nampak is expected to repay the R1-billion in debt following either strategic asset disposals or a combination... →

Cell C final recapitalisation in sight as noteholders approve special resolution

By: Natasha Odendaal 5th July 2022 The final stages of the overall Cell C recapitalisation transaction are being implemented after lenders of the embattled mobile operator voted in favour of the compromise offer of 20c for every R1 of debt. The overall recapitalisation transaction is expected to proceed to final close late in... →

MTN SA Foundation launches 2022 MTN Women in Digital Business Challenge

By: Natasha Odendaal 5th July 2022 The MTN South Africa (SA) Foundation has launched its inaugural 2022 MTN Women in Digital Business Challenge, with a R1-million commitment, to support 10 less established female-owned small, medium-sized and microenterprises (SMMEs). The 10 candidates, who are female graduates and/or alumni... →

Endeavor Catalyst invests in eight local high-impact businesses

By: Tasneem Bulbulia 5th July 2022 Eight South African-founded businesses have secured investment from Endeavor Catalyst Fund. Endeavor Catalyst is a rules-based co-investment fund of Endeavor Global – the largest global community of, by and for high-growth entrepreneurs, with presence in 40 markets. →

Study finds six potentially harmful elements in Krugersdorp game reserve water

By: Schalk Burger 5th July 2022 The Mangosuthu University of Technology (MUT) academics and their counterparts from the Council for Geosciences have discovered high concentrations of six potentially harmful elements (PHE) in the Krugersdorp Game Reserve. The academics conducted a study to determine the levels of various... →

SAS renews Global Academic Programme partnership with NWU

By: Schalk Burger 5th July 2022 Data science and analytics multinational SAS has renewed its Global Academic Programme (GAP) partnership with the North-West University (NWU) Centre for Business Mathematics and Informatics (BMI) for another five years, extending its impact in data skills development. The partnership has seen... →

Infobip implements chatbot solution for Africell

By: Schalk Burger 5th July 2022 Omnichannel and cloud communications company Infobip has implemented its Answers chatbot solution at mobile network operator Africell. Africell is a fast-growing mobile network operator with a pan-African footprint, providing fast and reliable mobile network coverage and related technology... →

Europe’s latest space rocket is ready for launch

By: Rebecca Campbell 5th July 2022 The European Space Agency (ESA) has announced that its new Vega-C medium-lift space launch vehicle (rocket) is ready for its first flight. Lift-off could happen, assuming correct weather conditions, as soon as July 13. “Vega-C features major enhancements from Vega, both in the rocket and its... →

Photo by ESA
An artist’s impression of Vega-C entering space

Exciting listing on JSE’s AltX poised to give investors pure copper play

By: Martin Creamer 5th July 2022 The reverse listing of Big Tree Copper into SHiP Copper Company on the AltX of the Johannesburg Stock Exchange in October is expected to raise between R60-million to R250-million for the ramping up of combined production to 10 000 t of copper a year in the next three years. SHiP, run by Shirley... →

Big Tree Copper CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer.

Civil organisations call on UNDP to withdraw from MoU for coal-dependent SEZ in Limpopo

By: Schalk Burger 5th July 2022 Various civil society organisations, including environmental protection organisations, have voiced strong criticism of the decision by the United Nations Development Programme (UNDP) to support the heavily coal-dependent industrial zone in the Musina-Makhado Special Economic Zone (MMSEZ), in... →

EY opens nominations for Southern Africa World Entrepreneur Award

By: Schalk Burger 5th July 2022 Consulting, assurance, tax and transaction services company EY has called for nominations for entrepreneurial South Africans and those from other African countries to enter the World Entrepreneur Award Southern Africa programme, which is in its twenty-fifth year. Winners are provided with an... →

Providing water should not be political – Senzo Mchunu

By: Sane Dhlamini 5th July 2022 Minister of Water and Sanitation Senzo Mchunu has said that providing water should not be a political nor a rhetorical issue, but, rather, it should be a question of providing a basic service, which is a basic right. He was speaking to local media during his visit to the Nelson Mandela Bay... →

Water and Sanitation Minister Senzo Mchunu

Roll-Royce SMR reveals shortlist for site of first factory to make major reactor components

By: Rebecca Campbell 5th July 2022 Rolls-Royce SMR, a subsidiary company of the UK-based global major power and propulsion systems group Rolls-Royce, has announced its shortlist of locations to build its first factory (of three) that will produce the components for its small modular nuclear reactor (SMR). The Rolls-Royce SMR... →

Photo by Rolls-Royce SMR
An artist’s impression of a Rolls-Royce SMR power plant

Zimbabwe to introduce gold coins as local currency tumbles

By: Reuters 5th July 2022 Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July 25... →

Eskom crisis: ANC NEC hears calls for state of emergency, moving power utility to energy dept

By: News24Wire 5th July 2022 The African National Congress's national executive committee heard wide-ranging and spirited calls for intervention in response to the Eskom energy crisis, which ranged from the declaration of a state of emergency to immediately moving Eskom from the Department of Public Enterprises to the... →

Gibela celebrates completion of one-hundredth X’trapolis Mega train for PRASA

By: Sabrina Jardim 4th July 2022 Rail transport consortium Gibela on July 4 unveiled the one-hundredth X’trapolis Mega commuter train it is building for the Passenger Rail Agency of South Africa (PRASA). Gibela, whose shareholders are Alstom, Ubumbano Rail and New Rail Africa, in 2013 signed a R53-billion contract to supply... →

Gibela chairperson Irene Charnley, Passenger Rail Agency of South Africa chairperson Leonard Ramatlakane and Gauteng Premier David Makhura address media and dignitaries during the celebration of the one-hundredth X'trapolis Mega train to have been built at Gibela's Dunnotar factory in South Africa. Video: Shadwyn Dickinson; Editing: Nicholas Boyd.

UK sets up a ‘Critical Minerals Intelligence Centre’

By: Rebecca Campbell 4th July 2022 The UK government announced on Monday that it has established a Critical Minerals Intelligence Centre (CMIC), under the British Geological Survey (BGS), and based in Nottingham in England. The purpose of the CMIC is to gather data and undertake analysis of the supply, demand and market dynamics... →

Joburg City Power increases electricity tariffs by 7.47%

By: Schalk Burger 4th July 2022 City of Johannesburg electricity utility City Power said the National Energy Regulator of South Africa (Nersa) has approved its application for an average electricity tariff increase of 7.47%, which is essential to cover the increased cost of bulk purchases from Eskom, which increased by 8.61%,... →

South Africa seeks legal advice on R396bn Eskom debt burden

By: Bloomberg 4th July 2022 South Africa’s National Treasury is seeking to hire a legal firm to advise it on how to reorganize the R396-billion debt burden held by national power utility Eskom Holdings, people familiar with the situation said. A request for proposals from the firms was issued recently, according to one of... →

Policy uncertainty worsens; Eskom largest threat to the economy

By: Schalk Burger 4th July 2022 The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) increased to 60.9 during the second quarter, from 59.7 in the first quarter, and remains well in negative territory. This is the highest level recorded since the inception of the PUI in 2016. →

South32’s Hillside smelter, Solana to introduce sustainable energy in Richards Bay

By: Marleny Arnoldi 4th July 2022 Diversified miner South32’s Richard’s Bay-based Hillside Aluminium smelter has partnered with energy company Solana Energy to transform the Richards Bay and King Cetshwayo district economic regions and bring much-needed sustainable energy to these commercial hubs. The partners will embark on a... →

SAWEA calls for strategic plan to resolve energy crisis

By: Tasneem Bulbulia 4th July 2022 Amid the crippling power outages gripping the country, industry organisation the South African Wind Energy Association (SAWEA) is calling on the South African government to lead the development of a comprehensive strategic plan to resolve the energy crisis and prioritise it with the same gravitas... →

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