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Courier industry growing rapidly as e-commerce expands – SAEPA 

By: Irma Venter     9th April 2021 The express parcel industry has more than doubled over the last decade, says South African Express Parcel Association (SAEPA) CEO Garry Marshall, and is currently the fastest growing transport sector in the country.  He says studies show that the formal industry recorded R8-billion in turnover in... 

Courier industry growing rapidly as e-commerce expands – SAEPA

Mahindra opens new parts warehouse in Gauteng 

By: Irma Venter     9th April 2021 Mahindra South Africa has cut the ribbon on its new national parts warehouse in the Linbro Business Park, Gauteng. The new warehouse, situated near the intersection of the N1, M1 and N3 highways in Johannesburg, is around a third larger than Mahindra’s old Jet Park warehouse.  

Mahindra opens new parts warehouse in Gauteng
Rajesh Gupta at the new warehouse

Pandemic accelerated digital education, but some way to go to make tool truly effective 

By: Schalk Burger     9th April 2021 Enabling effective education and the development of foundational, specialist and new skills that are needed across industries and societies – in part through adopting digital education tools – requires a broad partnership among civil, commercial, educational and governmental organisations, a... 

Pandemic accelerated digital education, but some way to go to make tool truly effective

DTIC says South Africa ranked as top location for business services in 2021

By: Schalk Burger     9th April 2021 The business services sector in South Africa is a large and growing employer of labour that serves local and multinational companies and South Africa was ranked as the top global location for business process services and is exporting call centre and related services to other parts of the world,... 

De Ruyter accuser allegedly extended irregular contracts worth R8bn to oil firm  

By: News24Wire      9th April 2021 Suspended Eskom procurement chief Solly Tshitangano supported the awarding of contracts worth more than R8-billion to Econ Oil in 2019 - despite being aware of evidence of impropriety and possible corruption involving Econ and Eskom officials.    He also took no steps to further investigate Econ... 

De Ruyter accuser allegedly extended irregular contracts worth R8bn to oil firm
Photo by Donna Slater
Eskom CEO André de Ruyter

Guardians of world economy see long road for pandemic recovery

By: Bloomberg     9th April 2021 The guardians of the global economy this week implored governments to act to avoid a two-speed rebound where vaccinated, rich nations recover more strongly from the pandemic than poorer countries languishing under the burden of disease and debt. The International Monetary Fund said that it sees... 

MTN Nigeria in talks for longer term pricing structures of banking channel sales

By: Natasha Odendaal     9th April 2021 Telecommunications group MTN Nigeria has been participating in a series of meetings, since April 6, to align on longer term pricing structures after a temporary suspension of airtime sales through the company’s banking channels owing to a dispute over the reduction in cost of sales. The sales of... 

Clean hydrogen private infrastructure investment fund launched

By: Schalk Burger     9th April 2021 A newly launched private infrastructure investment fund FiveT Hydrogen is dedicated to delivering clean hydrogen infrastructure projects at scale. The fund aims to raise €1-billion from a combination of financial and industrial investors and act as a catalyst in the scaling of the global hydrogen... 

Moshesh achieves first close on renewable energy, clean infrastructure fund

By: Schalk Burger     9th April 2021 Asset management company Moshesh Partners has reached a first close for its first renewable energy and clean infrastructure fund, and is targeting R2-billion in assets under management in the next 18 months, said Moshesh Partners co-founding member and CEO Sifiso Shongwe on April 9. This goal was... 

Bank of America triples environmental funding goal to $1tr by 2030

By: Schalk Burger     9th April 2021 Financial institution Bank of America on April 8 announced its goal of deploying and mobilising $1-trillion by 2030 in its Environmental Business Initiative to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5-trillion sustainable finance... 

Greenpeace weighs in on AfDB, African leaders’ climate discussion

By: Marleny Arnoldi     9th April 2021 Greenpeace Africa has responded on the matter of the African Development Bank (AfDB) consulting with African heads of State seeking advice on how to accelerate climate adaptation. "Climate adaptation investments are urgently needed for a continent that is expected to experience more intense and... 

Global construction industry set to grow by 5.2% this year

By: Schalk Burger     9th April 2021 The construction industry is set to grow by 5.2% this year, following the collapse in construction activity in 2020 amid the severe disruption caused by restrictions to contain the spread of Covid-19, data and analytics company GlobalData said on April 9. The recovery in many markets in late 2020... 

First cohort completes tech centre course

By: Schalk Burger     9th April 2021 The first group of students enrolled in the newly established Stellenbosch University (SU) data science and entrepreneurial development upskilling initiative Techpreneurship Centre, have completed a six-week programme. Seventy per cent of those who completed the course have been offered full-time... 

Embraer releases information that allows its business jets to carry vaccines

By: Rebecca Campbell     9th April 2021 Brazilian aerospace group Embraer, which includes executive or business jets in its product portfolio, has announced that it has released technical information that will help users of these jets to optimise them for the transport of anti-Covid-19 vaccines. Currently, more than 1 400 Embraer... 

Total to extend dominance in Africa with go-ahead for Uganda oil

By: Bloomberg     9th April 2021 Total’s likely decision to proceed with a $5.1-billion Ugandan oil project will extend its dominance as the biggest spender in sub-Saharan Africa. The French energy giant, poised to greenlight the plan within days, has been the largest investor in the region since 2012. Its spending on... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Global net zero ambitions  

9th April 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the global push for net zero, what this means for the future energy system and whether South Africa is on the same net zero pathway as other countries. 

Global net zero ambitions

Double Troika Summit orders ‘immediate technical deployment’ to Mozambique

By: Sane Dhlamini     9th April 2021 The Extraordinary Double Troika Summit of heads of States and government of the Southern African Development Community has directed an immediate SADC Organ on Politics Defence and Security technical deployment to Mozambique following insurgent attacks in the northern town of Palma. Recent reports... 

Double Troika Summit orders ‘immediate technical deployment’ to Mozambique

Magazine round up | 09 April 2021 

9th April 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 09 April 2021

Nyanza Light Metals invests R4.5bn in titanium dioxide plant at Richard’s Bay IDZ

By: Yvonne Silaule     8th April 2021 Chemicals manufacturing company Nyanza Light Metals has invested R4.5-billion on the construction of a plant to produce titanium dioxide at the Richard’s Bay Industrial Development Zone (IDZ), in KwaZulu-Natal. The announcement was made by Finance MEC Nomusa Dube-Ncube during a Public Sector... 

Western Cape human settlements dept launches its own reserve fund

By: Yvonne Silaule     8th April 2021 The Western Cape government has launched the Western Cape Asset Finance Reserve for Human Settlements (WCAFRHS), with the aim to strengthen the provincial Department of Human Settlement’s ability to drastically improve the lives of the people of the province. The launch of the WCAFRHS was first... 

Labour dept commits to disciplinary action against corrupt officials, welcomes SIU TERS benefit probe

By: Schalk Burger     8th April 2021 The Department of Employment and Labour (DEL) has welcomed a Special Investigating Unit (SIU) probe investigating allegations of corruption and maladministration involving the Unemployment Insurance Fund (UIF) special Covid-19 Temporary Employee/Employer Relief Scheme (TERS) benefits. “If any of... 

Climate, debt and resource needs important for world recovery - World Bank

By: Schalk Burger     8th April 2021 Development cooperation institution the World Bank president David Malpass in a speech to leaders of the Group of Twenty (G20) developed countries emphasised the importance of climate financing to transition carbon-intensive industries, debt relief and rescheduling, and global vaccination... 

Sanral announces R1.2bn three-year Cradock and Middelburg road construction projects

By: Schalk Burger     8th April 2021 The South African National Roads Agency Limited (Sanral) is investing about R1.2-billion in road construction projects in Cradock and Middelburg, in the Eastern Cape, over the next three years. The projects in the Inxuba Yethemba local municipality are at various stages, with some in tender stage... 

Local content rules for PV modules posing a challenge for ‘emergency’ solar projects 

By: Terence Creamer     8th April 2021 The stipulation that solar projects bid as part of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) include photovoltaic (PV) modules that meet the local-content thresholds and conditionalities outlined in government’s designation for PV components is causing some... 

Local content rules for PV modules posing a challenge for ‘emergency’ solar projects

Absa to train staff on cloud skills

By: Schalk Burger     8th April 2021 Financial services group Absa has launched a cloud incubator initiative in collaboration with cloud services multinational Amazon Web Services (AWS) to enhance the cloud computing skills across its operations in Africa. The cloud incubator initiative will equip more than 1 500 staff across Absa’s... 

Absa to train staff on cloud skills
Absa group chief technology officer Andrew Baker

Yearly rate of contraction in manufacturing production eased in February

By: Tasneem Bulbulia     8th April 2021 The yearly rate of contraction in manufacturing production in South Africa eased to 2.1% in February from a downwardly revised 4.2% in January. Financial institution Nedbank notes that this was much worse than both the bank’s and Reuters consensus forecast of -0.4%, suggesting a much slower than... 

Tribunal extends PepsiCo, Pioneer Food merger's empowerment condition by six months

By: Donna Slater     8th April 2021 The Competition Tribunal has extended the compliance period for one of the conditions imposed on PepsiCo in March 2020, from 12 months, to 18 months. The conditions stem from a merger in which PepsiCo indirectly acquired Pioneer Food Group through PepsiCo’s South African subsidiary Simba. 

Suzuki sets new record – again 

By: Irma Venter     8th April 2021 Suzuki Auto South Africa (SASA) yet again set a new all-time sales record, this time at 2 397 vehicles sold for the month of March. In doing so, the Japanese vehicle manufacturer broke its month-old record by nearly 12%. 

Suzuki sets new record – again

Industry leaders committed to transformation, barometer shows

By: Tasneem Bulbulia     8th April 2021 The first African Financial Industry Barometer, developed by Deloitte in partnership with the Africa CEO Forum, reveals how, in the exceptional context of the Covid-19 pandemic, financial institutions operating in Africa are undertaking a transformation of their business model, governance and... 

Twelve people, possibly foreigners, beheaded in attack on Mozambique gas hub town - police

By: Reuters     8th April 2021 Twelve people, possibly foreigners, were found beheaded following an Islamic State-claimed attack on the northern Mozambique town of Palma, near natural gas projects worth $60-billion, a local police commander told state TV station TVM. The police commander Pedro da Silva told journalists... 

NDB approves $1bn loan to South Africa to support economic recovery

By: Tasneem Bulbulia     8th April 2021 Finance institution the New Development Bank (NDB) on April 2 approved a $1-billion Covid-19 Emergency Program Loan to the South African government to support the country’s economic recovery from the Covid-19 pandemic. The loan will be used to support the government in its efforts to contain the... 

US supports South Africa’s vaccine roll-out strategy with $3m 

By: Thabi Madiba     8th April 2021 The US is supporting South Africa’s Covid-19 vaccine strategy by providing $3-million, or R45-million, in funding for vaccine distribution, field hospitals and data surveillance, through the US Agency for International Development. United States chargé d'affaires Todd Haskell said on Thursday... 

US supports South Africa’s vaccine roll-out strategy with $3m

Recovery from Covid-19 hinged on private sector growth

By: Donna Slater     8th April 2021 Strategy consulting and market intelligence firm Frost & Sullivan says the economic growth prognosis for South Africa in the next five years is not all “doom and gloom”, as the private sector has the ability to grow and create jobs. For the private sector to flourish, however, it needs to... 

TWK posts interim profit growth on the back of diverse revenue streams

By: Marleny Arnoldi     8th April 2021 Diversified agricultural company TWK says the diversity of its income streams has provided resilience amid the Covid-19 pandemic, resulting in the company posting a 41% year-on-year increase in profit after tax to R90-million for the six months ended February 28. CEO André Myburgh points out... 

Eskom contracts swapped for party funding, probe finds

By: Bloomberg     8th April 2021 An oil blending and storage company secured deals to supply South Africa’s state power utility with fuel oil worth more than R15-billion at inflated prices by paying inducements, including donations to the ruling African National Congress, a forensic investigation has found. Econ Oil & Energy... 

Eskom contracts swapped for party funding, probe finds

IMF launches digital dashboard of climate change indicators

By: Creamer Media Reporter      8th April 2021 The International Monetary Fund (IMF) has launched a new 'Climate Change Indicators Dashboard', which it describes as an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation.... 

Anglo American to demerge South African thermal coal assets 

By: Martin Creamer     8th April 2021 Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s shareholders on May 5. Anglo American Coal South Africa CEO and World Coal Association chairperson July... 

Anglo American to demerge South African thermal coal assets
Anglo thermal coal head July Ndlovu named as CEO of Thungela Resources.

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