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A more ambitious renewables roll-out would have major benefits for South Africa, new study shows

By: Terence Creamer     Updated 4 hours ago A more ambitious renewable-energy build programme than the one outlined in the Integrated Resource Plan 2019 (IRP 2019), which already has a large renewables component, will greatly benefit South Africa and should begin immediately, a new study asserts. Produced jointly by Meridian Economics and... 

A more ambitious renewables roll-out would have major benefits for South Africa, new study shows
Meridian Economics CEO Grove Steyn

Virtual event to showcase opportunities arising from mega Moz gas projects

By: Terence Creamer     Updated 5 hours ago A virtual event is being planned for early August to expose South African companies to the opportunities that are likely to arise directly from the mega-scale liquefied natural gas (LNG) projects that are starting to take shape in northern Mozambique, as well as various associated projects,... 

Virtual event to showcase opportunities arising from mega Moz gas projects

Gordhan, Mboweni commit in letter to obtain funding for SAA

By: News24Wire      Updated 5 hours ago In a letter sent to the business rescue practitioners of South African Airways (SAA) late on Wednesday evening, Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni have committed to obtain funding for the State-owned airline's short, medium and long-term requirements.... 

Gordhan, Mboweni commit in letter to obtain funding for SAA
Public Enterprises Minister Pravin Gordhan

Technical experts from Germany flown in to assist Eskom, help German businesses in SA

By: News24Wire      Updated 5 hours ago A team of German technical experts is expected to touch down in South Africa on Thursday to provide essential services to local German businesses and local entities, such as embattled Eskom.  This agreement is the result of close cooperation between International Relations and Cooperation... 

Technical experts from Germany flown in to assist Eskom, help German businesses in SA

Platinum boosts hydrogen electrolyser performance exponentially – Hydrox 

By: Martin Creamer     Updated 5 hours ago Platinum provides an exponential improvement in the performance of electrolysers used to produce green hydrogen, says Hydrox Holdings CEO Corrie de Jager, who describes platinum’s uplift as being “amazing”. “We tried a smattering of only 9% platinum and it provided a tremendous improvement in the... 

Hydrox CEO Corrie de Jager tells Mining Weekly’s Martin Creamer of the company’s hydrogen breakthrough. Video: Darlene Creamer.

Nissan to launch Ariya SUV with 610 km range in Japan, Europe, US next year

By: Irma Venter     Updated 4 hours ago Nissan has introduced the Ariya, a 100% electric sports-utility vehicle (SUV) with a range of up to 610 km – or a one-way trip to Durban from Johannesburg or five to six days of travelling between Pretoria and Johannesburg. The Japanese auto maker believes the Ariya is perfect for the daily... 

Nissan to launch Ariya SUV with 610 km range in Japan, Europe, US next year

IZA publishes ‘Essentials of Galvanizing’ booklet

By: Simone Liedtke     Updated 18 minutes ago The International Zinc Association (IZA) has published its newest guide on the ‘Essentials of Galvanizing’, the primary purpose of which is to be a key reference for engineers and designers globally. Speaking during the booklet’s virtual launch on July 15, IZA’s Simon Norton explained that the... 

ECDC closes offices as staff members contract Covid-19, CFO dies

By: Marleny Arnoldi     Updated 1 hour 12 minutes ago Fund management company, the Eastern Cape Development Corporation, has closed its Queenstown regional office and its East London head office until further notice to allow for decontamination measures. Five staff members have contracted Covid-19 since June 30.  

Global mayors put social, climate wellbeing at the forefront of crises recovery

By: Marleny Arnoldi     Updated 1 hour 18 minutes ago Mayors representing the Global Mayors Covid-19 Recovery Task Force held a press conference on July 15 to release a detailed agenda that outlines specific measures and principles that are necessary for a sustainable and equitable recovery that addresses the immediate pandemic, as well as ensures... 

South Africa extends its longest slump since 1945

By: Bloomberg     Updated 2 hours 29 minutes ago The South African economy extended its longest downward cycle since 1945 as restrictions to curb the spread of the coronavirus weighed on output and are set to hurt household finances even more. The economy entered the 80th month of a weakening cycle in July, according to data in the Reserve... 

South Africa extends its longest slump since 1945

Move Eskom debt to State balance sheet, says ex-Goldman head

By: Bloomberg     Updated 2 hours 32 minutes ago South Africa can fix the balance sheet of its loss-making power utility by transferring its guaranteed debt to the government’s balance sheet, according to the former chief executive officer of Goldman Sachs Group Inc. in sub-Saharan Africa. Seen as the biggest risk to the nation’s economy, Eskom... 

Move Eskom debt to State balance sheet, says ex-Goldman head

Astral chair, CEO test positive for Covid-19

By: Marleny Arnoldi     Updated 2 hours 33 minutes ago Poultry producer Astral has informed stakeholders that both its chairperson Dr Theuns Eloff and CEO Chris Schutte have tested positive for Covid-19. Eloff is self-isolating at home and is receiving medical treatment for his symptoms, while Schutte is under strict supervision by physicians while... 

Load-shedding returns 

Updated 4 hours ago Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the return of load-shedding, what Eskom is doing to address the situation and how South Africa can move beyond the cycle of power disruptions. 

Load-shedding returns

South Africa a ‘ticking time bomb’, says Master Builders' John Matthews

By: Simone Liedtke     15th July 2020 South Africa is a “ticking time bomb” as the entire economy has gridlocked owing to the Covid-19 pandemic, which Master Builders South Africa president John Matthews laments presents a huge challenge. The construction and built environment industry is not expected to survive should the provision... 

Drones Council launched to expedite advancement of regulatory environment

By: Donna Slater     15th July 2020 The Drone Council South Africa (DCSA) was launched on July 15 with its first webinar to update global stakeholders in the private and public sectors on progress being made in the drones industry, both internationally and in South Africa. The DCSA was formed in part to address South Africa’s... 

Energy projects in Africa remain challenging, but signs of hope emerging

By: Donna Slater     15th July 2020 Renewable energy projects in Africa will be significantly affected by the prevailing Covid-19 pandemic, resulting in construction site disruptions, delays and difficulties in getting equipment and components across borders which have different levels of restriction on the movement of people and... 

Sappi develops new, skin-friendly hand-sanitiser ingredient

By: Donna Slater     15th July 2020 Dissolving pulp and paper-based solutions company Sappi has launched a skin- and planet-friendly hand hygiene ingredient – Valida – which is based on cellulose and is intended to be used by hygiene product manufacturers in products like hand sanitisers. Sappi developed the ingredient in... 

South Africa's failure to lower debt could trigger downgrade - Fitch 

By: Reuters     15th July 2020 A failure by South Africa to lower public debt risks triggering credit downgrades deeper into subinvestment, Fitch said on Wednesday. Debt in Africa's most industrialized economy is set to breach 80% of gross domestic product next year as the government borrows more to bring the coronavirus... 

Ethiopia starts filling Grand Renaissance dam, minister says

By: Reuters     15th July 2020 Ethiopia has started filling the Grand Renaissance dam, a giant hydroelectric project it is building on the Blue Nile, its water minister said on Wednesday, a day after talks with Sudan and Egypt on the issue became deadlocked. "The construction of the dam and the filling of the water go hand in... 

WEF stresses need for nature-based solutions and business involvement

By: Tasneem Bulbulia     15th July 2020 A new report published by the World Economic Forum (WEF), the 'Future of Nature and Business' report, has found that nature-positive solutions can create $10.1-trillion in economic opportunity and counter growing biodiversity losses, while creating 393-million jobs by 2030. The Covid-19 pandemic... 

Medium-term M&A forecast looks brighter, says Baker McKenzie

By: Marleny Arnoldi     15th July 2020 Law firm Baker McKenzie says merger and acquisition (M&A) activity decreased across Africa in the first half of this year in terms of volume and value, with some exceptions in Nigeria. Going forward, dark clouds also remain over the M&A market on the continent in the short term, with economic... 

Claims adjustment company hopes insurers will now settle following FSCA ruling

By: Rebecca Campbell     15th July 2020 Specialist public loss adjustment firm Insurance Claims Africa (ICA) on Wednesday expressed the hope that South African insurance companies will now honour business interruption insurance claims submitted by their clients, to cover losses suffered as a result of the Covid-19 pandemic. On July 9... 

Powerships can help Eskom save R28bn a year, says Karpowership

By: Marleny Arnoldi     15th July 2020 The Council for Scientific and Industrial Research and the Department of Minerals and Energy have estimated that Stage 2 load-shedding costs the economy R150-million an hour. This is posing a threat to South Africa’s economic recovery from Covid-19 and it is critical to fast-track emergency... 

Coca-Cola Beverages rolls out returnable PET bottle to more provinces

By: Marleny Arnoldi     15th July 2020 Coca-Cola Beverages South Africa (CCBSA) is expanding the roll-out of its returnable 2 ℓ polyethylene terephthalate (PET) bottles across northern Gauteng, Limpopo and Mpumalanga. This follows the successful roll out of these bottles in the Eastern Cape as a pilot project in February.  

Coca-Cola Beverages rolls out returnable PET bottle to more provinces
Coca-Cola Beverages South Africa's returnable PET bottle

US agency provides oxygen support to South Africa

By: Tasneem Bulbulia     15th July 2020  The US government, through the US Agency for International Development (USAID), is providing an additional $3.5-million (R59-million) to support South Africa's Department of Health’s oxygen supply, demand and reticulation strategy, as well as the department's efforts to procure supplies and... 

New US development finance institution doubles down on investments in Africa

By: Tasneem Bulbulia     15th July 2020 Development finance institution (DFI), the US International Development Finance Corporation (DFC) is doubling down on investments in Africa amid the global Covid-19 pandemic, as it believes this is an essential time to drive investments and to bring liquidity facilities quickly to the continent... 

Minerals Council develops mining-focused water conservation tool 

By: Natasha Odendaal     15th July 2020 The Minerals Council South Africa has developed a user-friendly water conservation and water demand management (WC/WDM) tool for the mining sector. The water conservation and water demand management self-assessment reporting tool (WSART) can be used by the mining industry to conduct a... 

WPIC says decarbonised future for aviation lies in hydrogen fuel cells

By: Marleny Arnoldi     15th July 2020 The World Platinum Investment Council (WPIC) in a recent statement discusses whether platinum-based fuel cells can propel the aviation industry towards a green post-Covid-19 future. It points out that, in the UK alone, aviation accounts for about 7% of total greenhouse-gas emissions and, prior... 

Renergen bringing LNG fuel alternative to South Africa 

By: Simone Liedtke     15th July 2020 The current global recession is accelerating the transformation to cleaner energy sources and the use of liquefied natural gas (LNG) in transport owing to the need to reduce costs by as much as possible. Within this context, emerging natural gas and helium producer Renergen CEO Stefano Marani... 

Renergen CEO Stefano Marani gives some insight in to how accepting South Africa is of LNG, and whether or not there is an actual demand. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

CESA supporting municipalities to improve service delivery, spending

By: Tasneem Bulbulia     15th July 2020 The recently released Auditor-General’s (AG's) report on the latest municipal audit results does not paint a good picture for spending and service delivery on the part of South Africa’s local governments, says industry body Consulting Engineers South Africa (CESA). AG Kimi Makwetu states in the... 

Logashri Sewnarain promoted to SMEC CEO

By: Tasneem Bulbulia     15th July 2020 Engineering and infrastructure consultancy firm SMEC South Africa has promoted Logashri Sewnarain CEO, effective August 1, following the retirement of Kostas Rontiris. Logashri, who joined SMEC in 2018, has more than 24 years’ experience in managing major roads projects in South Africa as a... 

Logashri Sewnarain promoted to SMEC CEO
Logashri Sewnarain

B4SA economic recovery plan calls for R3.4tr

By: Marleny Arnoldi     15th July 2020 Business Leadership South Africa (BLSA) has extended its unwavering support to Business for South Africa (B4SA), after B4SA last week presented its economic recovery strategy document to council members of the BLSA. BLSA and B4SA discussed how best to implement the proposed strategies in... 

Unions divided on approval of SAA business rescue plan 

By: Rebecca Campbell     15th July 2020 There has been mixed reaction from unions representing employees of South African Airways to the approval of the business rescue plan for the financially-embattled State-owned national flag carrier. The plan was approved by 86% of the airline’s creditors in a vote on Tuesday. The approval of the... 

Suggestion that SA can spend its way out of low growth is misguided – Mboweni

By: African News Agency      15th July 2020 The suggestion that increased government spending is a solution to South Africa's persistently low economic growth is inconsistent with existing empirical evidence, Finance Minister Tito Mboweni has said. In a column published in the Business Day newspaper, Mboweni said the argument also ignores... 

 Suggestion that SA can spend its way out of low growth is misguided – Mboweni
Finance Minister Tito Mboweni

Fairvest finalises Tokai Junction sale

By: Marleny Arnoldi     15th July 2020 The due diligence for the disposal of JSE-listed real estate investment trust Fairvest Property's Tokai Junction property to FPG Holdings for R180-million, has been completed. Tokai Junction is a 7 618 m2 retail centre in Constantia, in the Western Cape.  

Trac sees volumes improving after more than 70% drop in traffic   

By: Irma Venter     15th July 2020 Trans African Concessions (Trac) says traffic volumes are steadily increasing on the N4 between South Africa and Mozambique after South Africa moved from Alert Level 5 to Alert Level 4 and then on to Level 3 in its programme to battle the Covid-19 pandemic. Trac manages the N4 toll route starting... 

Trac sees volumes improving after more than 70% drop in traffic  

Transnet closely monitoring Cape Town storm

By: Tasneem Bulbulia     15th July 2020 State-owned Transnet says it is closely monitoring adverse weather conditions along the country’s coastline, to determine when it is safe to resume port operations. The stormy weather, rough sea conditions and swells in excess of 9 m led to the disruption of outgoing vessel movements at the Port... 

Inflation falls to lowest level in nearly 16 years

By: News24Wire      15th July 2020 Annual consumer inflation for May eased to 2.1%, the lowest reading recorded since September 2004. By comparison, inflation in April registered at 3% according to Stats SA. "If we are correct, this print will register as the lowest year-on-year change since September 2004," FNB economists said in... 

 Inflation falls to lowest level in nearly 16 years

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