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Proposed 2 400 MW Batoka Gorge hydro scheme to have major impact on adventure tourism

By: Terence Creamer     Updated 34 minutes ago The main environmental and social impacts of the propose 2 400 MW Batoka Gorge Hydroelectric Scheme (BGHES) on the Zambezi river, including serious negative impacts on adventure tourism and on the habitat of a rare bird species, were highlighted during a virtual stakeholder engagement on... 

Proposed 2 400 MW Batoka Gorge hydro scheme to have major impact on adventure tourism
Batoka Gorge site

Sasol's JV with LyondellBasell now established

By: Reuters     Updated 5 hours ago South Africa's Sasol said on Wednesday its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec. 1. LyondellBasell agreed in October to acquire a 50% stake in Sasol's base chemicals business... 

Sasol's JV with LyondellBasell now established

Mbalula says truck protesters will face economic sabotage charges

By: African News Agency      Updated 3 hours ago Transport Minister Fikile Mbalula on Tuesday said those who burnt trucks in protests on South Africa’s roads would be arrested and charged with economic sabotage. “We remain seriously concerned about the escalation of attacks on our roads,” he told a debate in Parliament about road safety during... 

Dept acknowledges Thabametsi power station environmental decision

By: Tasneem Bulbulia     Updated 3 hours ago Environment, Forestry and Fisheries Minister Barbara Creecy says she has noted the decision by the North Gauteng High Court to set aside the environmental authorisation for the Thabametsi coal-fired power station. The Department of Environment, Forestry and Fisheries says it will abide by the... 

PPC expects lower interim earnings of around 18c apiece

By: Marleny Arnoldi     Updated 3 hours ago JSE-listed cement manufacturer PPC expects to report basic earnings per share (EPS) of between 18c and 21c apiece for the six months ended September 30, which is between 35% and 45% lower than the restated EPS of 32c apiece reported for the six months ended September 30, 2019. The company’s... 

Altron releases Bytes UK prelisting statement

By: Creamer Media Reporter      Updated 3 hours ago As Allied Electronics (Altron) continues its strategy to unbundle and list its UK subsidiary Bytes Technology Group separately on the London Stock Exchange, with a secondary listing on the JSE, the group has released its abridged prelisting statement for the proposed offer of ordinary shares of... 

UP opens new engineering research facility

By: Schalk Burger     Updated 3 hours ago The University of Pretoria (UP) has opened its new Engineering 4.0 facility, which focuses on research on smart transport, cities and infrastructure. The facility, on the Hillcrest campus, is part of the Faculty of Engineering, Built Environment and Information Technology (EBIT), the university... 

UP opens new engineering research facility

Tongaat records increase in operating profit for interim period

By: Tasneem Bulbulia     Updated 1 hour 47 minutes ago Sugar and glucose producer Tongaat Hulett’s share price on the JSE rose by nearly 17% on Wednesday morning following the release of an operational update for the six months ended September 30. The company said it expected to report a 70% year-on-year increase in operating profit for the six-month... 

Renowned Arecibo radio telescope collapses

By: Rebecca Campbell     Updated 4 hours ago The feared but expected collapse of the famed Arecibo radio telescope, in the US territory of Puerto Rico, happened just before 08:00 Tuesday local time (just before 14:00 South African time). Fortunately, there were no injuries. Located in a natural hollow, Arecibo’s dish was spherical, not... 

Renowned Arecibo radio telescope collapses
Photo by University of Central Florida
The Arecibo radio telescope, photographed after the first main cable break in November but before the fall of the suspended instrument platform. Damage to the dish is clearly visible.

Copper bull market now fully under way – Goldman Sachs

By: Martin Creamer     Updated 1 hour 30 minutes ago The bull market for copper is now fully underway with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1. Also on December 1, Mining.com reported that the copper price was trading at its highest since March 2013 on... 

Copper bull market now fully under way – Goldman Sachs
Copper smelting under way.

Solidarity union members to protest at Denel on Wednesday

By: Rebecca Campbell     1st December 2020 The Solidarity trade union has announced that its members who are employees of State-owned defence industrial group Denel will stage a protest march at the group’s head office in Irene, Centurion, south of Pretoria, on Wednesday at noon. The protest is to express their dissatisfaction over lack... 

Nampak posts R283m operating loss 

By: Marleny Arnoldi     1st December 2020 JSE-listed packaging manufacturer Nampak has reported a loss of R4.3-billion for the year ended September 30. CEO Erik Smuts attributed the loss mainly to impairments related to goodwill at Bevcan Nigeria and assets at Bevcan Angola, Plastics South Africa and DivFood.  

Nampak posts R283m operating loss

Over 400 000 job opportunities already supported through employment stimulus

By: Simone Liedtke     1st December 2020 More than 400 000 job opportunities have already been supported through the Presidential Employment Stimulus, with several programmes in the recruitment or beneficiary identification phase, the Presidency confirmed on December 1. The remaining programmes are all on track to meet their targets,... 

Record number of companies disclosing sustainability impacts

By: Donna Slater     1st December 2020 The Global Reporting Initiative (GRI) has welcomed KPMG research that shows a record number of companies, spanning many sectors and geographic regions, are voluntarily disclosing their sustainability impacts – with the GRI Standards the most widely used for reporting. GRI is an independent,... 

Record number of companies disclosing sustainability impacts
GRI chairperson Eric Hespenheide

UK announces emergency aid to help families in Southern Africa

By: Rebecca Campbell     1st December 2020 Although the British government recently announced that it was cutting its aid budget (because of financial stress imposed by the Covid-19 pandemic), the UK announced on Tuesday that the country would provide £7-million (more than R140-million) to support essential services and food assistance to... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa
Building back better with green hydrogen peroxide.

Irena partners with Ocean Energy Europe to foster incentives, regulatory reforms for ocean energy

By: Marleny Arnoldi     1st December 2020 The International Renewable Energy Agency (Irena) has signed a memorandum of understanding with Ocean Energy Europe (OEE) to accelerate the commercialisation of ocean energy technologies by promoting the right policy incentives and innovative business models in Europe and globally. OEE and... 

Redefine welcomes signs of green shoots after Covid-19 significantly impacts financial year

By: Simone Liedtke     1st December 2020 Real estate investment trust (Reit) Redefine Properties says it is “well placed” to benefit from logistics growth in Poland after hard lockdown restrictions and dividends withheld by offshore investments “significantly dampened results” for the financial year ended August 31. Tough trading... 

Redefine welcomes signs of green shoots after Covid-19 significantly impacts financial year
Redefine's Andrew Konig and Leon Kok discusses the company's interim results during a virtual briefing on December 1. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

New CEO announced for Sumitomo Rubber South Africa 

By: Irma Venter     1st December 2020 Sumitomo Rubber South Africa (SRSA), the manufacturer of Dunlop, Sumitomo and Falken tyres for the African continent, has announced the appointment of Lubin Ozoux as its new CEO and executive director as from January 1.  Ozoux will take over from outgoing CEO, Riaz Haffejee, who has led the... 

New CEO announced for Sumitomo Rubber South Africa 
Lubin Ozoux

Ctrack Freight Transport Index growth slows

By: Irma Venter     1st December 2020 The October Ctrack Freight Transport Index (CFTI) shows that the index will not boast the same growth in the fourth quarter as the record-breaking third quarter, but that some improvement is still expected. The index measures the health of South Africa’s logistics sector. 

Ctrack Freight Transport Index growth slows

World Net Logistics now Rhenus Logistics South Africa

By: Irma Venter     1st December 2020 World Net Logistics will be known as Rhenus Logistics South Africa, as from December 1. Acquired by the Rhenus Group in 2019, the company will now operate under a new name, ushering in a new era after 18 years as an independent entity.  

World Net Logistics now Rhenus Logistics South Africa
Dirk Goedhart

Agribusiness Confidence Index jumps to 61 in the fourth quarter  

By: Marleny Arnoldi     1st December 2020 The Agricultural Business Chamber/Industrial Development Corporation Agribusiness Confidence Index has rallied to 61 points in the fourth quarter – its highest level since the third quarter of 2014. This followed a notable recovery to 51 points in the third quarter of the year, implying that... 

Agribusiness Confidence Index jumps to 61 in the fourth quarter

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

Goodyear South Africa appoints new MD

By: Irma Venter     1st December 2020 Piotr Czyzyk has been appointed as the new MD for Goodyear South Africa (SA). In his former role as product business unit commercial director in Europe, Czyzyk was responsible for overseeing Goodyear’s Central European operation. 

Goodyear South Africa appoints new MD
Piotr Czyzyk 

Airbus Helicopters naval UAV programme achieves major milestone

By: Rebecca Campbell     1st December 2020 Europe-based aerospace and defence group Airbus has reported that its VSR700 optionally-piloted vehicle (OPV) helicopter has successfully made fully autonomous approaches and landings and subsequent take-offs from a platform that simulated the movement of ships at sea. The platform is mounted on... 

Airbus Helicopters naval UAV programme achieves major milestone
Photo by Airbus
The VSR700 OPV just before landing on the moving platform; note that the pilot does not have his hands on the controls.

Absa PMI decreases again to 52.6  

By: Marleny Arnoldi     1st December 2020 The Absa Purchasing Managers’ Index (PMI) has declined to 52.6 index points in November, from 60.9 points recorded in October. Financial services provider Absa explains that the decline comes after three consecutive upward moves and brings the index to its lowest level since July.  

SA Supreme Court dismisses Airlink’s claim against national carrier SAA  

By: African News Agency      1st December 2020 Privately owned airline Airlink said on Tuesday it was disappointed, but respected the Supreme Court of Appeal’s decision to dismiss its claim against South African Airways. Airlink, which services the southern Africa region, applied to the Johannesburg High Court in January for a declaratory... 

 SA Supreme Court dismisses Airlink’s claim against national carrier SAA

Herotel reaches 100k fixed broadband customer mark

By: Natasha Odendaal     1st December 2020 Fibre and fixed wireless broadband provider Herotel has reached the milestone of 100 000 fixed broadband subscribers on its fibre and fixed wireless networks. The group, which was started in 2014, deployed its own fibre networks, targeting non-metropolitan, underserviced areas across South Africa... 

Glencore’s takeover of Orsted LNG effective

By: Marleny Arnoldi     1st December 2020 Diversified miner Glencore on December 1 completed the acquisition of Danish multinational power company Orsted’s liquefied natural gas (LNG) business. Under the terms of the transaction, Glencore’s oil division has taken over a number of LNG supply contracts, as well as the right to use... 

Glencore’s takeover of Orsted LNG effective
Photo by Bloomberg
LNG carrier

Balwin Foundation, CMF to support contractors through construction training programme

By: Simone Liedtke     1st December 2020 Nonprofit organisation (NPO) the Construction Management Foundation (CMF) has entered into a strategic collaboration with fellow NPO Balwin Foundation to support the organisation in its continued quest to train emerging and small contractors from communities surrounding developments by JSE-listed... 

IT, OT cybersecurity gaps must be closed as industrial digital transformation advances

By: Schalk Burger     30th November 2020 Companies are optimising their development, production and logistics processes based on operational and status data. As a result, industrial control systems lose their previously insular position once production machines are networked. The increased adoption of Internet of Things (IoT) and big... 

Eskom to be charged with misleading regulator over pollution

By: Bloomberg     30th November 2020 Eskom Holdings, South Africa’s State power utility, said it will be charged with supplying misleading information to the national air quality officer as well exceeding emissions limits at the Kendal coal-fired power plant and breaching its Atmospheric Emission License. “Eskom can confirm it has... 

GIZ calls for expressions of interest for a project to improve artisan training in South Africa

By: Schalk Burger     30th November 2020 German international cooperation for sustainable development and international education agency GIZ has issued a call for expressions of interest from service providers in South Africa to manage a process to improve the quality and market relevance of technical and vocational education and... 

Arid areas in poorer and richer countries affected differently by climate change

By: Rebecca Campbell     30th November 2020 At the global level, as climate has been changing, the amount of vegetation in arid areas has been increasing. But scientists at the University of Copenhagen, Denmark, have, following analysis of 15 years’ worth of satellite imagery of vegetation and rainfall, identified a worrying trend:... 

UNDP, WRC award R3m grant to water innovators  

By: Natasha Odendaal     30th November 2020 Seven water innovators have been awarded an aggregate R7-million grant to kick off field testing and further product development after a call for solutions to help resolve some of South Africa’s water challenges, particularly those exacerbated by the Covid-19 pandemic. The United Nations... 

Invicta’s strategy paying off, says CEO

By: Simone Liedtke     30th November 2020 Investment holding and management company Invicta Holdings is starting to see its strategy, which focuses on lowering debt levels, optimising return on equity, simplifying structures and focusing on key operational areas, pay off. This is despite the negative impact of Covid-19 and related... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite 

By: Terence Creamer     30th November 2020 Infrastructure and contract mining group Aveng has expressed confidence that its recently unveiled debt restructure and recapitalisation plan will provide the “reset” required for its two  remaining core businesses, McConnell Dowell and Moolmans, to begin growing again, with the Australasian... 

Aveng may ‘upsize’ R300m recapitalisation should shareholders show appetite
Photo by Creamer Media's Donna Slater
CEO Sean Flanagan

Barloworld to focus on industrial goods, food sector going forward 

By: Irma Venter     30th November 2020 Barloworld will, in the medium to long term, focus on two verticals, namely industrial goods and related services, as well as food and food ingredients, says CEO Dominic Sewela. “As we manage the pivoting out of the automotive and logistics business . . . we are very clear that we don’t want to... 

Barloworld to focus on industrial goods, food sector going forward
Dominic Sewela

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