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Eskom informs lawmakers it will not meet DPE's unbundling timeline

By: Terence Creamer     3rd June 2020 In a presentation to lawmakers on Wednesday, Eskom indicated that it would not meet the unbundling timetable outlined for the vertically integrated power utility by the Department of Public Enterprises (DPE) in a policy paper released in October, titled a ‘Roadmap for Eskom in a Reformed... 

Eskom informs lawmakers it will not meet DPE's unbundling timeline
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

South Africa's rand slips from 11-week high

By: Reuters     Updated 4 hours ago South Africa's rand eased against the US dollar in early trade on Thursday, after a strong rally in the previous session that was fuelled by hopes of a global economic rebound. At 0642 GMT, the rand traded at 17.0200 per dollar, 0.49% weaker than its close on Wednesday, when it climbed to an... 

South Africa's rand slips from 11-week high

Engineering News & Mining Weekly e-magazine now available

Updated 6 hours ago For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

Government, labour working together on new airline plan

By: Bloomberg     Updated 5 hours ago The Department of Public Enterprises and labour unions are working together on a business model for a new national carrier that will replace the embattled South African Airways. The new airline will be funded through a variety of options such as strategic equity partners, funders and the sale of... 

Used-car market shrinks, but search stats indicate positive outlook 

By: Irma Venter     3rd June 2020 While used-car sales in South Africa in May mimicked floundering new-car sales, consumers are demonstrating increasing interest in buying used cars, says digital motoring marketplace, AutoTrader. More than 17 000 used cars were sold on AutoTrader in May compared with more than 36 000 in the same... 

WEF, Prince of Wales launch Great Reset initiative to drive global change 

By: Simone Liedtke     Updated 3 hours ago With the Covid-19 pandemic having exposed various existing societal fault lines and laid bare a fundamental lack of social cohesion, fairness, inclusion and equality, the World Economic Forum (WEF) on June 3 announced the launch of its Great Reset initiative. Drawing from the vision and vast... 

Scopa wants public works to stop paying for 'absolute mess' of a fence at Beitbridge border

By: News24Wire      Updated 4 hours ago   Parliament's public finance watchdog supports the directive from law enforcement agencies that the Department of Public Works pays no further money on the "absolute mess" of a fence at the Beitbridge border until all investigations are completed. 

WBHO considers indicative proposal for Probuild subsidiary  

By: Marleny Arnoldi     3rd June 2020 JSE-listed construction group Wilson Bayly Holmes-Ovcon (WBHO) has received an indicative proposal from a major international construction company to acquire the company’s 88% interest in Australian construction subsidiary Probuild. WBHO on June 3 stated that it, from time-to-time, received... 

Responsible sourcing of critical minerals in focus as energy transition drives up demand

By: Terence Creamer     3rd June 2020 The accelerating pace and scale of the global clean-energy transition is poised to dramatically increase demand for critical energy minerals and metals, from aluminium to zirconium, with implications not only for the resources sector, but for geopolitics. The future energy system will be far more... 

Responsible sourcing of critical minerals in focus as energy transition drives up demand

Oil slips with Opec+ discord and US demand data sowing doubt

By: Bloomberg     Updated 3 hours ago Oil retreated from a three-month high as Opec+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery. Futures in New York fell around 2% to below $37/bl after closing at the highest since March 6.... 

April saw almost total collapse in air travel demand, but early signs of recovery appearing

By: Rebecca Campbell     Updated 3 hours ago The International Air Transport Association (Iata) has reported that it has detected signs of a recovery in air passenger demand, following a gigantic collapse in April. Air passenger demand during April was 94.3% lower than in April 2019, a fall never before seen in this statistical series since... 

Placing green stimulus at heart of South Africa’s postpandemic recovery would yield big co-benefits

By: Terence Creamer     Updated 1 hour 37 minutes ago South Africa’s medium-term response to the Covid-19 pandemic provides a unique opportunity to reset the country’s unsustainable development pathway by fostering a “green recovery” that improves electricity and water security and creates jobs, Trade & Industrial Policy Strategies (TIPS) senior... 

Placing green stimulus at heart of South Africa’s postpandemic recovery would yield big co-benefits
Gaylor Montmasson-Clair

Brazilian aerospace group Embraer reports net loss for the first quarter of the year

By: Rebecca Campbell     Updated 2 hours 14 minutes ago Brazilian major aerospace group Embraer, the world’s number one manufacturer of commercial jets with up to 150 seats, and the world’s number three commercial jet manufacturer, after Airbus and Boeing (in alphabetical order), has reported a net loss attributable to its shareholders of $292-million... 

Brazilian aerospace group Embraer reports net loss for the first quarter of the year
Photo by St Helena Tourism Authority
An Embraer E190 airliner of South African operator Airlink

Fatality at Moab Khotsong gold mine – Harmony

By: Martin Creamer     3rd June 2020 The body of an employee has been found underground at Harmony Gold’s Moab Khotsong mine, near Orkney, in North West province, Harmony stated on Wednesday. The employee was reported missing at the end of the day shift on Tuesday and an intensive search was undertaken, the Johannesburg- and New... 

PRASA raids illicit scrap metal trader, makes arrests

By: Donna Slater     3rd June 2020 Having been victim to an alarming increase in cases of infrastructure vandalism to its overhead electrical lines, electrical substations and station buildings, the Passenger Rail Agency of South Africa’s (PRASA’s) security team has seized about R10-million worth of stolen cables and other rail... 

Waste-derived fuels viable to reduce reliance on fossil fuels, says Interwaste

By: Donna Slater     3rd June 2020 For energy to be sustainable in South Africa, not only by increasing capacity, but also by ensuring the country is able to meet carbon tax objectives, the energy industry needs to look beyond the use of fossil fuels such as coal, and find alternative energy providing sources, says waste... 

Standard Bank, Sefa partner to help spaza shops

By: Marleny Arnoldi     3rd June 2020 Standard Bank has partnered with the Small Enterprise Finance Agency (Sefa) to help spaza shops operating under the constraints of the Covid-19 pandemic. The agency helps spaza shops secure government funding, which can then be used to buy stock from Sefa-approved wholesalers at discounted... 

Iata reports severe air cargo demand and capacity contraction in April

By: Rebecca Campbell     3rd June 2020 The International Air Transport Association (Iata), which is the representative body for the global airline industry, has reported that global air cargo demand in April suffered the greatest year-on-year fall ever recorded. Measured in cargo-metric ton-kilometres (CTKs), demand in April was 27.7%... 

S African airlines look to restart operations, see slow recovery

By: Reuters     3rd June 2020 Two of South Africa's biggest private airlines will start flying between local airports this month after the government eased lockdown restrictions aimed at containing the coronavirus, but they said a recovery could take at least three years. Airlink has started taking bookings on its website for... 

S African airlines look to restart operations, see slow recovery

Amplats temporarily recloses recently re-opened ACP plant 

By: Martin Creamer     3rd June 2020 Platinum group metals mining and marketing company Anglo American Platinum (Amplats) on Wednesday announced it had temporarily reclosed the processing plant that reopened last month, to ensure an ongoing safe operating environment, safeguard employees and protect the plant’s integrity . Amplats... 

Amplats temporarily recloses recently re-opened ACP plant
A general view of the ACP

Rand Water secures Salga support for price increase

By: Creamer Media Reporter      3rd June 2020 Rand Water secures Salga support for price increase Rand Water on June 3 welcomed support from the South African Local Government Association for its proposed 2020/21 tariff increase. 

Gauteng claims majority of UIF Covid-19 benefit

By: Tasneem Bulbulia     3rd June 2020 Of the R16.5-billion disbursed by the Unemployment Insurance Fund (UIF) as part of the Covid-19 temporary employer/employee relief scheme (TERS) benefits payment, almost half has gone to Gauteng, benefitting 1.5-million of the 3.46-million workers who have been beneficiaries. In monetary terms,... 

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

Covid-19 hampers Wits platinum recycling laboratory

By: Donna Slater     3rd June 2020 The prevailing Covid-19 pandemic has brought research and innovations into recycling platinum-group metals (PGMs) from disused catalytic converts, led by two University of Witwatersrand (Wits) MSc graduates Collins Saguru and Muofhe Singo, to a near standstill. The duo have ventured into the... 

Covid-19 hampers Wits platinum recycling laboratory
Collins Saguru

Aarto roll-out date delayed

By: Simone Liedtke     3rd June 2020 The national roll-out date for the Administrative Adjudication of Road Traffic Offences (Aarto) Act has been delayed owing to the Covid-19 outbreak. In August 2019, the Aarto Bill was signed into law and, although no date was officially promulgated, it was intended to take effect by mid-2020. 

Transport Minister reaffirms rules imposed for resumption of local air travel

By: Rebecca Campbell     3rd June 2020 People wishing to make use of the limited domestic air services being reintroduced under the new, less-restrictive, Level 3 category of the current anti-Covid-19 national lockdown, must have a business travel permission letter. It was the responsibility of passengers to make certain that they had... 

Comair can’t fly again before November, needs substantial recapitalisation

By: Rebecca Campbell     3rd June 2020 South African private-sector airline group Comair, currently in business rescue, will be unable to resume operations before November this year. This was because the airline needed a “substantial cash injection”, its Business Rescue Practitioners (BRPs) have reported. (The government’s latest... 

Comair can’t fly again before November, needs substantial recapitalisation
A Comair Boeing 737-400 in the livery of British Airways 

Gauteng High Court declines relief for Sakeliga on CIPC matter

By: Simone Liedtke     3rd June 2020 The Department of Trade, Industry and Competition (DTIC) has welcomed the decision by the Gauteng High Court, in which it declined to give Sakeliga the relief it sought on the lawfulness of the Companies and Intellectual Commission (CIPC) certificates issued to companies permitted to render... 

SAHRC keeps close eye on fair school opening practices

By: Marleny Arnoldi     3rd June 2020 The South African Human Rights Commission (SAHRC) plans to approach the High Court to interdict the Western Cape Education Department from continuing with teaching this week. This follows after schools in the province reopened for Grades 7 and 12 on June 1, despite an announcement by Basic... 

IVRS dams record lower water levels

By: Natasha Odendaal     3rd June 2020 The dams within the Integrated Vaal River System (IVRS) continue to decline, the Department of Water and Sanitation (DWS) said in a statement on June 3. The average water levels in the system declined from 67.3% last week to 66.6% this week, while during the same time last year, it hovered at 73.7%. 

Vodacom achieves level 1 BEE status

By: Natasha Odendaal     3rd June 2020 Telecommunications group Vodacom Group has achieved a Broad-Based Black Economic Empowerment (BEE) contributor score of Level 1 its local subsidiaries accelerate a concerted transformation strategy. As a result of these efforts, the group exceeded its financial year 2019/20 targets against all... 

SA banks ready to assist distressed businesses amid Covid-19 pandemic

By: Sane Dhlamini     3rd June 2020 Global law firm DLA Piper, which has advised the Banking Association South Africa and South Africa’s biggest banks on the country’s loan guarantee scheme, has announced that the banks are ready to receive loan applications from businesses impacted by the coronavirus. The loan scheme, which was... 

SA banks ready to assist distressed businesses amid Covid-19 pandemic

Growthpoint’s Cintocare Hospital development first healthcare property to achieve Africa’s Green Star

By: Simone Liedtke     3rd June 2020 JSE-listed real estate investment trust Growthpoint Properties’ Cintocare specialised surgical hospital development, in Pretoria, has become the first healthcare property or the first facility of its kind in South Africa, and Africa, to be awarded a Green Star rating. Cintocare received a... 

Growthpoint’s Cintocare Hospital development first healthcare property to achieve Africa’s Green Star
An exterior construction view of the Cintocare hospital

Importers face massive bills as containers pile up in storage, says SAAFF

By: Irma Venter     3rd June 2020 South African businesses are faced with a huge bill, estimated at R1.4-billion, for storage and demurrage costs accumulated during the 27 days of Alert Level 5 lockdown, as more than 20 000 containers piled up in storage facilities, says the  South African Association of Freight Forwarders (SAAFF). 

Importers face massive bills as containers pile up in storage, says SAAFF

Urgent plea to allow struggling alluvial diamond sector to create jobs 

By: Martin Creamer     3rd June 2020 The discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of Hopetown in South Africa in 1867 was the catalyst that initiated the development of the mining industry in Southern Africa. But compared with its heyday between the 1990s and early 2000s,... 

Urgent plea to allow struggling alluvial diamond sector to create jobs
South African Diamond Producers Organisation (Sadpo) deputy chairperson Lyndon De Meillon

Rand Water progresses DBE schools MoU

By: Natasha Odendaal     3rd June 2020 Rand Water has progressed its mandate under a Memorandum of Understanding (MoU) with the Department of Basic Education (DBE) and the Department of Water and Sanitation (DWS) to provide water to 3 126 schools across South Africa. The scope of the MoU, finalised on May 13 with the potable water... 

Water Unite launches investment vehicle to fund SMEs outside of funding models

By: Natasha Odendaal     3rd June 2020 UK-based, nonprofit organisation Water Unite has launched a new investment vehicle, with planned capitalisation of $100-million, to provide risk-tolerant capital to small and medium-sized enterprises (SMEs) in a “missing middle” funding gap. Water Unite Impact, managed by investment manager... 

IDC committed to exploring all options to rescue Kalagadi Manganese

By: Martin Creamer     2nd June 2020 South Africa's Industrial Development Corporation (IDC) said on Tuesday that it remained fully committed to exploring all its options to protect the future of Kalagadi Manganese, which has opposed business rescue proceedings. IDC said it was important to note that Friday’s court decision on... 

IDC committed to exploring all options to rescue Kalagadi Manganese
Photo by Creamer Media
Kalagadi Manganese mine.

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