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UN seeks $254m to respond to escalating humanitarian crisis in gas-rich Cabo Delgado 

By: Terence Creamer     20th January 2021 The United Nations is warning that the humanitarian crisis in the gas-rich Cabo Delgado province, of northern Mozambique, has escalated dramatically over the past 12 months with more than 500 000 people having been displaced as a result a religiously inspired conflict. The UN launched an appeal... 

UN seeks $254m to respond to escalating humanitarian crisis in gas-rich Cabo Delgado

Raising distributed-generation licensing threshold to 50 MW would unlock at least 5 000 MW in five years, survey shows 

By: Terence Creamer     20th January 2021 Lifting the licensing threshold for distributed-generation projects to 50 MW or higher could unlock an estimated 5 000 MW of additional capacity in five years and go a long way to rapidly easing South Africa’s debilitating power supply constraints. This is the conclusion of a Meridian Economics... 

Raising distributed-generation licensing threshold to 50 MW would unlock at least 5 000 MW in five years, survey shows

The UK has deregulated citrus imports, including from South Africa 

By: Rebecca Campbell     20th January 2021 With the UK’s departure from the European Union’s (EU’s) single market and customs union at the start of this year, London has deregulated, among other commodities, citrus fruit and leaf imports. The UK is a major market for South Africa’s citrus sector, reportedly taking 9.5% of the country’s... 

The UK has deregulated citrus imports, including from South Africa
Photo by Sappi
Oranges packed for export 

South African wealth tax could raise R160bn, study shows

By: Bloomberg     20th January 2021 An annual wealth tax on the net worth of South Africa’s richest people could raise as much as R160-billion and would narrow inequality in a nation where the most affluent 1% of the population own 55% of personal wealth, a study showed. The study, carried out by groups including the World... 

Heineken South Africa to cut jobs, put investments on hold

By: Reuters     20th January 2021 The South African arm of Heineken will cut 70 jobs and put new investments on hold in the country due to the significant impact of bans on alcohol sales and Covid-19 trading restrictions, it said on Wednesday. South Africa has recently banned alcohol sales for the third time as part of efforts to... 

Peugeot Citroen South Africa takes over local Opel distribution 

By: Irma Venter     20th January 2021 Peugeot Citroen South Africa (PCSA) has announced that it will take over responsibility for German car brand Opel in the local market. This comes as US manufacturer General Motors (GM) in 2017 sold Opel to the French PSA group, which owns, among others, the Peugeot, Vauxhall and Citroën brands. 

Peugeot Citroen South Africa takes over local Opel distribution 
The new Opel Corsa

Suzuki sets new record even as local market tumbles

By: Irma Venter     20th January 2021 Despite the overall domestic new-vehicle market contracting by 29.1% last year, Suzuki Auto South Africa (SASA) and its 71 dealers celebrated its most successful year yet since the launch of the Japanese small-car specialist in the local market. SASA grew its sales by 6.7% in 2020, to 16 527... 

Suzuki sets new record even as local market tumbles
The S-Presso

Steel baron Eric Samson dies

By: News24Wire      20th January 2021 Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83.   The octogenarian billionaire – who shied away from the spotlight throughout his life – died in Newport, California. He had a career spanning more than five decades in the... 

South Africa’s 2020 wine exports reach 319-million litres despite market challenges

By: Simone Liedtke     20th January 2021 South Africa’s wine export volumes of 2020, which amount to 319.2-million litres, echo that of a challenging 2019, despite a five-week long ban on exports and challenges at the Cape Town Port terminal owing to Covid-19. This follows on from a good 2020 harvest and vineyard recovery following the... 

South Africa’s 2020 wine exports reach 319-million litres despite market challenges

Distell branches out into cannabis products

By: Reuters     20th January 2021 South African wine, cider and spirits company Distell will soon be able to offer cannabidiol-infused drinks after taking a 20% stake in cannabis wellness business RETHINK, it said on Wednesday. Distell's investment gives it access to RETHINK's brand and product range, which includes oils,... 

More doors close in South Africa’s hospitality industry, owing to pandemic

By: Simone Liedtke     20th January 2021 The Federated Hospitality Association of South Africa (Fedhasa) is concerned with the increasing losses of income being reported in the hospitality industry. The continued financial strain being placed upon the industry is further evidence of the need for an accelerated rollout of South Africa’s... 

More doors close in South Africa’s hospitality industry, owing to pandemic

Groundwater needs to be used wisely - Institute for Groundwater Studies

By: Creamer Media Reporter      20th January 2021 South Africa’s groundwater, on which nearly two-thirds of South Africa depends solely or partially on for domestic use, needs to be used wisely, said University of the Free State Institute for Groundwater Studies director and geohydrologist Dr Eelco Lukas. Groundwater, a significant source of... 

Zeerust Power begins commercial operations

By: Tasneem Bulbulia     20th January 2021 Zeerust Solar, in the North West province, has started commercial operations, having achieved full compliance on January 1. This 100% South African-owned photovoltaic (PV) project joins the Bokamoso and Waterloo Solar plants, putting the North West on the map as a player in the renewable energy... 

Siemens partners to extend Covid-19 facility at Eastern Cape hospital

By: Donna Slater     20th January 2021 Technology company Siemens South Africa has joined forces with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German Federal Ministry for Economic Cooperation and Development and the Eastern Cape Department of Health to provide a separate modular hospital solution to the... 

MultiChoice to give bursaries to 236 students, worth R26m

By: Simone Liedtke     20th January 2021 About 236 students will benefit from bursaries to be awarded by MultiChoice South Africa (SA), worth R26-million, in 2021. The bursaries will be provided to students in the fields of science, technology, engineering and mathematics, broadcasting, media, film and television, human resources,... 

Courtyard Hotel Waterfall City set to welcome new guests

By: Simone Liedtke     20th January 2021 Situated close to the iconic Mall of Africa, as well as the Sandton and Midrand central business districts (CBDs), the new Courtyard Hotel at Waterfall City, in Midrand, is officially welcoming guests. The hotel is within walking distance of the Mall of Africa’s various amenities and is close to... 

Courtyard Hotel Waterfall City set to welcome new guests

Kasada acquires African hotel portfolio from AccorInvest

By: Donna Slater     20th January 2021 Kasada Capital Management – through the debut fund, Kasada Hospitality Fund – has acquired a portfolio of eight sub-Saharan African hotels from AccorInvest. The transaction relates to the Pullman, Novotel, Ibis Plateau and Ibis Marcory hotels in Abidjan, Côte d'Ivoire; the Pullman, Novotel and... 

Pandemic drives reinvention of fintech businesses - GlobalData

By: Schalk Burger     20th January 2021 The Covid-19 pandemic continues to create economic uncertainty worldwide and several financial technology companies (fintechs) have started to realign their growth strategies, with some fintechs at the forefront of seizing new opportunities, while others need to reinstate their efforts to stay... 

Chocolate war leaves world’s top cocoa producer stuck with beans

By: Bloomberg     20th January 2021 Nobody is suffering more from a global chocolate standoff than the Côte d'Ivoire cocoa farmer. Less than two years after the top cocoa producer teamed up with neighboring Ghana to force companies from Hershey Co. to Nestle SA to pay more for their beans, the attempt to exert control over prices... 

Chrome market could change with new export tax regime, dissuading Chinese offtake 

By: Donna Slater     20th January 2021 A “delicate” balancing act between chrome ore mining and stainless steel production may be under threat as South Africa changes its export tax regime to boost the commodity’s “welfare benefits” and to favour local chrome buyers instead of foreign buyers, Simon le Roux, a student at Rhodes... 

UK to engage with aerospace sector over tariff issues after Brexit

By: Reuters     20th January 2021 Britain's Northern Ireland minister said he would engage with the aerospace sector over tariff issues on raw materials. Asked by a lawmaker about concerns from aerospace companies about an additional tariff which is being placed on goods considered to be 'at risk' for the sector which when... 

Aggreko to implement hybrid power solution for Gold Field’s Salares Norte in Chile

By: Tasneem Bulbulia     20th January 2021 Mobile and modular power solutions provider Aggreko has signed a ten-year contract with global miner Gold Fields to provide a 25.9 MW hybrid solar and thermal power solution for the Salares Norte openpit gold/silver mine, in Chile. This solution has been designed to provide power for the entire... 

2 out of every 3 cigarettes sold in SA are illicit, report estimates

By: News24Wire      20th January 2021 The sale of illicit, tax-evading cigarettes has become "endemic" across South Africa in the wake last year’s 5-month Covid-19 lockdown blanket ban on tobacco trade, according to an undercover investigation and subsequent report by Tax Justice SA (TJSA). TJSA’s undercover team visited over 40... 

Govt chooses electronic vaccine roll-out system 

By: African News Agency      20th January 2021 The South African government is establishing an electronic vaccination data system to assist with the management and surveillance of the Covid-19 vaccine. The EVDS will help the government monitor vaccine effectiveness, planning and safety monitoring, as well as uptake and coverage, explained the... 

Govt chooses electronic vaccine roll-out system

Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     19th January 2021 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

 Project launched to define role of finance in South Africa and India’s ‘just transitions’

Ramaphosa forms inter-ministerial committee on vaccines, to be led by David Mabuza 

By: News24Wire      19th January 2021 President Cyril Ramaphosa has established an inter-ministerial committee to oversee the roll-out of Covid-19 vaccines in the country. Ramaphosa announced this at a Zoom meeting of the ANC's Progressive Business Forum on Tuesday.  

Business performance, strategy, Covid-19 drive further change in nonexecutive practices 

By: Schalk Burger     19th January 2021 While 2020 was a year of fluctuations and novel challenges, the remuneration of nonexecutive directors continues to be increasingly linked to the performance of businesses, as well as their ability to adapt to new challenges and new demands from stakeholders and shareholders, says professional... 

PwC discusses the findings of its 2021 Nonexecutive Directors Practices And Fees Trends' report.

Dept postpones implementation of EPR Regulations for the waste sector

By: Tasneem Bulbulia     19th January 2021 Environment, Forestry and Fisheries Minister Barbara Creecy has postponed the implementation of the Extended Producer Responsibility (EPR) Regulations to May 5. This follows a request from affected producers to make further inputs into the implementation process. 

AMSP opens Covid-19 vaccines pre-orders for AU member States

By: Tasneem Bulbulia     19th January 2021 Following the announcement by African Union (AU) chairperson President Cyril Ramaphosa on January 14 that the AU has secured a provisional 270-million Covid-19 vaccine doses for Africa through its Covid-19 African Vaccine Acquisition Task Team (Avatt), the Africa Medical Supplies Platform (AMSP)... 

Mainstream Renewable Power signs equity investment deal with Aker Horizons

By: Tasneem Bulbulia     19th January 2021 Global wind and solar company Mainstream Renewable Power has signed an agreement with renewable energy investment company Aker Horizons, which will take a 75% equity stake in the company, subject to regulatory approval. The deal values Mainstream at €1-billion (including a potential earn-out of... 

Renergen hoping to highlight importance of diesel dual fuel with new truck

By: Simone Liedtke     19th January 2021 Emerging natural gas and helium producer Renergen has replaced its old transport truck with a new one, equipped with the diesel dual fuel (DDF) kit and tank from the former truck, in a bid to prove the equipment will “outlast the truck”. While the truck itself is not linked to the company’s... 

Renergen hoping to highlight importance of diesel dual fuel with new truck

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Work progresses at Kariba Dam Rehabilitation Project

By: Natasha Odendaal     19th January 2021 Binational organisation the Zambezi River Authority (ZRA) is progressing work at the Kariba Dam Rehabilitation Project (KDRP). In a January 19 update, the authority said that ongoing KDRP works comprise two components, namely reshaping of the plunge pool and the refurbishment of the spillway gates. 

Ninety One SA clients increase shareholding in Murray & Roberts

By: Tasneem Bulbulia     19th January 2021 JSE-listed Murray & Roberts has received formal notification that clients of financial services provider Ninety One SA have, in aggregate, acquired an interest in the ordinary shares of the company. The total interest in the ordinary shares held by Ninety One SA clients now amounts to 5.18% of... 

AfriSam helps build solid foundation for Cape Town mixed-use development

By: Simone Liedtke     19th January 2021 Variable ground conditions at an upmarket mixed-use development in Cape Town has demanded some innovative solutions from contractor GVK-Siya Zama Construction and readymix specialist AfriSam. At the Old Cape Quarter project in De Waterkant, four floors of luxury apartments are being added to... 

AfriSam helps build solid foundation for Cape Town mixed-use development
A particular challenge was the lack of space in the basement for the use of normal Class 3 formwork.

Covid-related risks dominate Allianz Risk Barometer 2021

By: Tasneem Bulbulia     19th January 2021 A trio of Covid-19-related risks heads up the tenth Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the pandemic. Business interruption and pandemic outbreak are this year’s top business risks with cyber incidents ranking a close... 

Concerns about future viability drove M&A activity in last months of 2020

By: Marleny Arnoldi     19th January 2021 In its latest 'Global Mergers & Acquisitions (M&A) Industry Trends' analysis, PwC finds that deal volumes went up 18% in the second half of 2020, while deal values increased by 94%, compared with the first half of the year. Deal activity in the second half of last year experienced a surge... 

Unions want Labour Court to order SAA to sort out backpay within 7 days

By: News24Wire      19th January 2021 The National Union of Metalworkers of South Africa (Numsa) and the SA Cabin Crew Association (Sacca) intend to make an urgent application to the Labour Court in Johannesburg on 28 January to have a deal regarding backpay of members of South African Airways (SAA) declared unlawful or unfair. The... 

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