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As South Africa veers from NDP jobs and poverty goals ‘course corrections’ proposed 

By: Terence Creamer     Updated 7 hours ago With the National Development Plan’s (NDP’s) goals of achieving full employment and eliminating poverty by 2030 already out of reach ahead of the onset of the deadly Covid-19 pandemic, which has since obliterated the plan’s objectives entirely, the outgoing National Planning Commission (NPC) has... 

As South Africa veers from NDP jobs and poverty goals ‘course corrections’ proposed

Construction bodies unite into single alliance  

By: Irma Venter     Updated 7 hours ago Twenty-nine of South Africa's professional, contractor, supplier and other bodies within the construction industry have united to form a single umbrella organisation, called the Construction Alliance South Africa (CASA). Industry stalwart John Matthews has been appointed as CASA chairperson. 

Construction bodies unite into single alliance

Oxygen supply hampered by logistical issues, but there are adequate reserves, say suppliers 

By: Simone Liedtke     21st January 2021 Industrial gases company Afrox has confirmed that it has adequate reserves of liquid oxygen in storage across South Africa and that it has supplied oxygen as required by public and private hospitals in all provinces at substantially higher than normal demand levels. In response to questions from... 

Oxygen supply hampered by logistical issues, but there are adequate reserves, say suppliers

Motus sharpens aim at used-car market with launch of Motus Select

By: Irma Venter     21st January 2021 The JSE-listed Motus group has kicked off the year with the launch of Motus Select, which replaces the long-standing Imperial Select as the retail motor group’s pre-owned vehicle brand. Traditionally Motus Select was the used-car brand for only the Motus Hyundai, Kia and Renault multifranchise... 

Motus sharpens aim at used-car market with launch of Motus Select

Pandemic management, vaccine to shape economies in 2021

By: Tasneem Bulbulia     Updated 7 hours ago Three factors will determine the trajectory of the global economy in 2021, Deloitte Touche Tohmatsu chief global economist Dr Ira Kalish has said. Speaking during a virtual executive conference hosted by professional services organisation Deloitte on January 20, he said the path of the pandemic... 

Reserve Bank keeps rates on hold at 3.5%

By: News24Wire      Updated 7 hours ago The Reserve Bank has decided to keep rates unchanged at 3.5%, in line with the expectations of economists. Governor Lesetja Kganyago made the announcement on Thursday afternoon, following the bank's Monetary Policy Committee's (MPC) first meeting for the year this week. Two of the MPC's five... 

BUSA pays tribute to Mthembu

By: Creamer Media Reporter      Updated 6 hours ago Business Unity South Africa (BUSA) says organised business mourns the passing of Jackson Mthembu, who was "one of South Africa’s hardest-working Ministers and a reliable social partner to engage with". Mthembu passed away this week from Covid-19-related complications. 

Obituary: Eric Samson, a great loss for the steel industry and the country 

21st January 2021 In this tribute, Macsteel Global chairperson Mick Davis reflects on the life and contribution of Eric Samson, who he describes as  softly spoken, compassionate and generous. It is with great sadness that we announce the passing of the founder and majority shareholder of the Macsteel Group, Eric... 

Obituary: Eric Samson, a great loss for the steel industry and the country 
Eric Samson

Hulamin appoints new CFO

By: Simone Liedtke     21st January 2021 Aluminium supplier and exporter Hulamin has appointed Meganathan (Mark) Gounder CFO and executive director, with effect from April 1. Gounder is an experienced finance professional with over 25 years’ experience, and he has held various senior finance roles within the Illovo Sugar Group, which... 

South African air and defence show scheduled for March has been cancelled

By: Rebecca Campbell     21st January 2021 The Aerospace and Defence Trade Show (ADTS) 2021, scheduled for late March at Lanseria International Airport, has been cancelled. This is consequence of the great uncertainties presented by the continuing Covid-19 pandemic, with South Africa now experiencing its second wave of the disease. “The... 

Massmart’s sales decrease year-on-year

By: Tasneem Bulbulia     Updated 7 hours ago JSE-listed Massmart’s sales for the 52 weeks ended December 27 amounted to R86.5-billion, representing a decrease of 7.7% over the same period in 2019, while comparable store sales decreased by 7.5% year-on-year. Sales in the group’s South African stores decreased by 7.9% (comparable stores... 

EPP appoints sales, acquisitions exec

By: Simone Liedtke     Updated 7 hours ago JSE-listed EPP has appointed Agata Sekula as the company’s executive management team member responsible for sales and acquisitions. Sekula will join EPP from March 1 and will be responsible for executing EPP’s divestment and investment plans, with a particular focus on acquiring institutional... 

EPP appoints sales, acquisitions exec
Agata Sekula

Unctad updates principles to promote biodiversity-friendly trade

By: Tasneem Bulbulia     Updated 7 hours ago Intergovernmental body the United Nations Conference on Trade and Development (Unctad) has launched its updated BioTrade Principles and Criteria, a set of guidelines for governments and companies to conduct biodiversity-friendly trade. The term “BioTrade” refers to the supply and... 

Report finds educational attainment gaps limit success of women-owned businesses in Africa

By: Simone Liedtke     21st January 2021 A new report by the United Nations Economic Commission for Africa (Uneca) on women entrepreneurship, has found that educational attainment gaps limit the success of women-owned businesses in Africa. The report also offers potential solutions to tackle the imbalance. 

Report views decarbonising supply chains as ‘major opportunity’

By: Simone Liedtke     21st January 2021 The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, States and regions having doubled in the past year. The World Economic Forum (WEF) says decarbonising supply chains is a major opportunity for companies to put these... 

Satellites successfully used to count wild elephants

By: Rebecca Campbell     Updated 7 hours ago A team of scientists from British and Dutch universities have, for the first time, used satellite imagery combined with ‘deep learning’ (data processing artificial intelligence) to successfully count large animals in complex and varied terrestrial landscapes. Previously, this approach had been... 

Japan and the UK partnering on robotics for use in nuclear facilities

By: Rebecca Campbell     Updated 6 hours ago Japan and the UK are partnering to develop and deploy new automation and robotics techniques for use in both the decommissioning of nuclear plants and the development of nuclear fusion energy. The project, designated LongOps, will receive £12-million in funding and will run for four years. The... 

NUM tackles De Ruyter over Eskom’s poor performance, load-shedding

By: African News Agency      21st January 2021 The National Union of Mineworkers on Thursday said it is unhappy with the load-shedding being carried out in South Africa and “very disappointed” with the performance of Eskom under the leadership of chief executive André de Ruyter. “The current management team has taken the country to stage 6... 

 NUM tackles De Ruyter over Eskom’s poor performance, load-shedding
Photo by Donna Slater
Eskom CEO André de Ruyter

Platinum group metals demand set to overwhelm supply balance – Davis 

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

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... 

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,... 

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

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

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... 

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... 

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

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... 

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... 

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... 

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... 

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,... 

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... 

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

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... 

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... 

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

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