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‘Optimistic outlook’ for Volvo to start electric truck sales in South Africa in 2024 

By: Irma Venter     Updated 4 hours ago Volvo Trucks South Africa (SA) should start the local testing of electric trucks within the next two years, says Volvo Trucks SA product support senior manager Erica Parry. “Sales will be determined by various factors but, most importantly, the investment and availability of charging facilities... 

Image of a Volvo electric truck

Renergen, Argonon agreement to potentially establish helium spot market 

By: Simone Liedtke     17th October 2021 South African natural gas and helium producer Renergen has inked a helium forward sale agreement with helium trading company Argonon Helium US for 100 000 units over 19 years, with each unit representing a thousand standard cubic feet (mcf) of helium at 99.999% purity and in liquid form. Argonon... 

Overhead view of Renergen's Virginia gas project, in outh Africa's Free State
Renergen's Virginia gas project

IDC's approval of R1bn post-riot business recovery funding to sustain 22 493 jobs

By: Schalk Burger     18th October 2021 The Industrial Development Corporation (IDC) says approvals for Post-Unrest Business Recovery Funding have surpassed R1-billion and will sustain 22 493 jobs. The agency said the fund was established to help affected businesses in a variety of sectors, including retail, manufacturing and... 

Seifsa proposes new wage offer amid violent strike action

By: Marleny Arnoldi     Updated 6 hours ago After taking stock of the extent to which violence and intimidation has occurred amid striking metals union workers for the last ten days, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has decided to endorse an improved offer to settle. The strike follows a... 

Numsa strike

Employment stimulus programme to provide almost R1bn in youth funding – Ramaphosa

By: Thabi Madiba     18th October 2021 South Africa cannot afford endless delays in addressing unemployment, said President Cyril Ramaphosa on Monday as he sought to assure citizens that phase two of the Presidential Employment Stimulus (PES) will bring the country closer to meeting its collective goal of decent work and opportunity... 

Image of President Cyril Ramaphosa
President Cyril Ramaphosa

Business must do more to encourage vaccine uptake, says BLSA CEO

By: Tasneem Bulbulia     18th October 2021 There is much that business is already doing to encourage an uptake of the vaccine, but more needs to be done and employers are encouraged to support their employees to become vaccinated, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso says in her weekly newsletter.... 

Inquiry into 2018 Rheinmetall Denel fatal incident to resume on October 19

By: Schalk Burger     Updated 5 hours ago The Department of Employment and Labour's (DEL's) inquiry into the events that led to a fatal incident at Rheinmetall Denel Munition's facility in Macasser, in the Western Cape, in 2018, is set to resume from October 19 to 22. This is the second sitting since the 2018 explosion at the munitions... 

Calgro M3 ahead of years-long net debt reduction targets

By: Marleny Arnoldi     18th October 2021 Property developer and investor Calgro M3 says it has come a long way since its portfolio streamlining and transformation efforts started in 2016, particularly as the company is also coming out of what had been heavy Covid-19 impacts. The group posted a 262% increase in headline earnings a... 

An integrated social housing development by Calgro M3

Trade activity recovering at moderate pace but remains below neutral level

By: Schalk Burger     Updated 5 hours ago The South African Chamber of Commerce and Industry (Sacci) says the momentum in trade conditions that was temporarily interrupted in July appears to be recovering, although at a moderate pace, and the Trade Activity Index (TAI) remained in negative territory at 39 points for September. After... 

ConCourt upholds Competition Commission’s appeal in hospital merger

By: Donna Slater     Updated 6 hours ago The Competition Commission has welcomed a landmark judgment by the Constitutional Court (ConCourt), on October 15, upholding the commission’s appeal against a decision by the Competition Appeal Court (CAC) and setting aside the CAC’s decision in a matter concerning a merger between Mediclinic... 

Wind sector manifesto sets out eight steps for govts to reach climate goals

By: Marleny Arnoldi     Updated 6 hours ago The global wind energy sector has released a manifesto calling on governments to get serious about the energy transition and to work with the private sector to rapidly scale up wind and renewable energy installations. The 90 wind energy companies and associations that contributed to the... 

South African energy sector the most carbon intensive of G20 nations

By: Schalk Burger     18th October 2021 South Africa’s energy sector has the highest carbon-intensity of the Group of 20 (G20) nations owing to its heavy reliance on coal, according to the latest assessment by Climate Transparency International. In 2020, three-quarters (74%) of South Africa’s total primary energy supply was derived... 

While metals help ‘greenify’ industry, the industry itself needs cleaning up

By: Marleny Arnoldi     18th October 2021 While global carbon dioxide emissions fell by 5.8% in 2020 owing to Covid-19 lockdowns globally and therefore lower energy demand, Dutch multinational banking corporation ING says it is only a matter of time before they hit record highs again. International Energy Agency (IEA) estimates that... 

Sappi, WWF team up to improve uMkhomazi catchment water security

By: Natasha Odendaal     Updated 5 hours ago Sappi and the World Wide Fund for Nature South Africa (WWF-SA) are working together to improve water security in the uMkhomazi catchment area, in KwaZulu-Natal. Under a two-year water stewardship agreement, the duo will engage local communities, civil organisations, leadership and regulatory... 

Cape Town fights alien trees threatening its water supply, biodiversity

By: Reuters     18th October 2021 In South Africa's Franschhoek mountains a helicopter drops off abseilers to cut down invasive pine trees that are choking off water supplies to millions of Cape Town residents already facing climate change-induced shortages. The crews are there to help to remove 54,000 hectares of alien trees by... 

Mchunu, Zikalala call for improved water conservation in KwaZulu-Natal

By: Yvonne Silaule     Updated 4 hours ago Water and Sanitation Minister Senzo Mchunu and KwaZulu-Natal Premier Sihle Zikalala have called on residents in the province to improve their water conservation measures amid marginal dam level increases in the province. On a Ministerial visit to assess the state of water and sanitation related... 

Tlou signs PPA with Botswana government

By: Marleny Arnoldi     18th October 2021 Dual-listed Tlou Energy expects to sign a 10 MW power purchase agreement (PPA) with State-owned Botswana Power Corporation, for power generated at Tlou’s Lesedi project. Tlou plans to develop gas, solar and hydrogen power generation assets at Lesedi, with electricity to be sold into the local... 

Nasa successfully launches new deep space probe, to explore ancient asteroids

By: Rebecca Campbell     18th October 2021 The latest deep space mission of the US space agency, the National Aeronautics and Space Administration (Nasa), was successfully launched form the Cape Canaveral Space Force Station in the US state of Florida at 11:34 South African time on Saturday. The launch was conducted by an Atlas V rocket... 

A photo of the launch of Lucy on an Atlas V rocket from Cape Canaveral
Photo by Nasa
The launch of Lucy on an Atlas V rocket from Cape Canaveral

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     Updated 3 hours ago An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene

Healthcare products distributor agrees to fine, but denies having contravened the Competition Act

By: Schalk Burger     Updated 4 hours ago A Western Cape-based distributor of healthcare products has agreed to pay a penalty of R20 000 for allegedly colluding on a provincial Health Department tender that related to the supply of diagnostic sets to hospitals and health institutions under the Western Cape Department’s control, including... 

'Catastrophic' fuel price hike on the cards, AA warns

By: News24Wire      Updated 6 hours ago A "catastrophic" fuel price hike is on the cards for November, the Automobile Association (AA) has warned. Based on its calculations, R20 per litre for petrol was "realistic" before the end of the year, it said in a statement on its website on Monday. 

Petrol Pump

Where a $5bn green incentive runs into politics of coal

By: Bloomberg     Updated 7 hours ago The world’s richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal. While $5-billion of cheap loans and grants are on offer as a first step, transforming Africa’s most industrialized economy demands more than cash.... 

An image of the coalyard at the Majuba power station

GE donation will provide 20 000 people with one daily meal for 12 months

By: Thabi Madiba     18th October 2021 In marking World Food Day on 16 October, The GE Foundation announced a $100 000 donation that will provide immediate relief to South African communities experiencing food insecurity. The donation will fund FoodForward SA and help to provide more than 20 000 people with one meal a day for a year... 

Image of vegetables

Thungela lowers production guidance owing to deteriorating rail performance  

By: Tasneem Bulbulia     18th October 2021 JSE-listed coal exporter Thungela Resources says that, following an initial recovery in the performance of Transnet Freight Rail (TFR) subsequent to the yearly maintenance shutdown in July, rail performance has continued to deteriorate in the second half of the year. Thungela consequently... 

Rolls-Royce Power Systems seeking to certify its mtu engines with hydrogen fuel

By: Rebecca Campbell     15th October 2021 UK-based global power and industrial technology group Rolls-Royce announced on Friday that its Germany-based Rolls-Royce Power Systems division, which produces mtu-brand engines and power systems, was further developing its power generation units so that they could run on hydrogen. Hydrogen fuel... 

Govt speeding up plans to designate Sedibeng as SEZ

By: Tasneem Bulbulia     15th October 2021 Trade, Industry and Competition Deputy Minister Fikile Majola says government is working "with great speed" towards designating the whole of Sedibeng into a special economic zone (SEZ) to be named the Vaal SEZ. Majola was speaking at the Sedibeng Investment Conference, hosted in Vanderbijlpark,... 

Creecy says a climate finance breakthrough is key to COP26 success 

By: Terence Creamer     15th October 2021 South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy says a breakthrough is needed at COP26 on the issue of climate finance, warning that the failure of developed countries to honour their $100-billion-a-year commitments has led a breakdown of trust. Addressing a virtual... 

South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy
South Africa’s Forestry, Fisheries and the Environment Minister Barbara Creecy

Petco rolls out track and trace platform for recyclers, waste pickers

By: Marleny Arnoldi     15th October 2021 The South African Polyethylene Terephthalate Recycling Company (Petco) is driving the rollout of technology called BanQu to recycling buyback centres, in an effort to revolutionise how recyclable materials are traded, tracked and traced. The digital platform will help buyback centres accurately... 

Melody Nyamakura, who works at the Main Buy-Back Centre in the Johannesburg CBD, shows how the centre uses the innovative recycling tracking platform, BanQu.
Melody Nyamakura, who works at the main buyback centre in the Johannesburg central business district, shows how the centre uses the innovative recycling tracking platform, BanQu.

AIIM successfully raises R5bn for infrastructure in SADC

By: Marleny Arnoldi     15th October 2021 Private equity fund manager African Infrastructure Investment Managers (AIIM) has successfully completed a capital increase of R5.5-billion for its flagship Southern African Development Community (SADC) infrastructure fund called the Ideas Managed Fund. The fundraise exceeds an initial... 

DFFE announces R29m waste management intervention for Mangaung

By: Schalk Burger     15th October 2021 The Department of Forestry, Fisheries and the Environment (DFFE) on October 15 announced a R29-million waste management intervention for the Mangaung metro municipality, in the Free State.  Forestry, Fisheries and the Environment deputy Minister Makhotso Sotyu attributed the waste management... 

Dipula agrees transaction with Resilient to optimise capital structure

By: Tasneem Bulbulia     15th October 2021 South-African focused diversified real estate investment trust (Reit) Dipula Income Fund has concluded formal agreements with Resilient Reit, which is intended to help Dipula optimise its capital structure and unlock shareholder value. In terms of the transaction, Dipula will acquire 50% of the... 

CDC continues to advance inclusive growth, development

By: Tasneem Bulbulia     15th October 2021 The Coega Development Corporation (CDC) is working to advance the inclusive growth and socioeconomic development of the country, says CDC marketing and communications head Dr Ayanda Vilakazi. A year ago, Eastern Cape Finance and Economic Development, Environmental Affairs and Tourism MEC Mlungisi... 

An image of the Coega Aquaculture Development Zone
Coega Aquaculture Development Zone

Volvo Trucks aims for all new-vehicle sales to be electric by 2040

By: Irma Venter     15th October 2021 Volvo Trucks aims for 50% of all global new-vehicle sales to be electric by 2030, says global product management senior VP Jessica Sandström. By 2040, the goal is for 100% of global sales to be fossil-fuel free, whether that will be through the sale of battery-electric of fuel-cell electric trucks. 

Image of the Volvo FM Electric truck
The Volvo FM Electric truck

Hydrogen fuel cell has inexhaustible future, says Fortescue’s Andrew Forrest 

By: Martin Creamer     15th October 2021 The hydrogen fuel cell has an inexhaustible future as a means of maintaining the planet’s high standard of living, said Fortescue Metals Group chairperson Andrew Forrest during a global online symposium this week. “Our little planet’s cooking, the world’s impatient and there’s any amount of... 

screenshot taken by Creamer Media during Plug Power symposium
Photo by Creamer Media
Plug Power CEO Andy Marsh (left) and Fortescue Metals Group chairperson Andrew Forrest (right)

Seifsa tables final three-year above-inflation wage offer in an effort to end strike

By: Schalk Burger     15th October 2021 Industry employer organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has made a final wage offer to workers' unions in an effort to bring an end to the nine-day strike in the metals and engineering sector. The offer is for the lowest-paid employees to receive... 

A photo of Numsa members on strike

IEA warns of energy market turbulence, underinvestment  

15th October 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the release of the International Energy Agency's (IEA's) latest World Energy Report and warnings of more energy market turbulence unless higher levels of investment are made to both meet demand and decarbonise... 

IEA warns of energy market turbulence, underinvestment

Eskom seeks urgent court order to have 2022/23 tariff application adjudicated by Nersa 

By: Terence Creamer     15th October 2021 State-owned electricity utility Eskom has approached the Gauteng High Court to have the regulator’s recent decision to reject its revenue application for the period 2022/23 to 2024/25 set aside for being “patently irrational and unlawful”. Eskom approached the court this week for a review of the... 

Eskom CFO Calib Cassim, who deposed the  founding affidavit, speaking at a previous Nersa hearing
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CFO Calib Cassim, who deposed the founding affidavit, speaking at a previous Nersa hearing

Jaguar Land Rover trials world-first digital supply chain for leather using blockchain technology

By: Irma Venter     15th October 2021 Jaguar Land Rover has trialled the use of secure blockchain technology “to ensure full transparency within a sustainable leather supply chain”. In the world-first, the British automaker partnered with supply chain traceability provider Circulor, UK leather manufacturer Bridge of Weir Leather... 

Image of the leather supply chain in Jaguar using blockchain

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