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Nersa sets timetable for adjudication of Eskom’s 20.5% tariff application 

By: Terence Creamer     8th December 2021 The National Energy Regulator of South Africa (Nersa) has finally initiated public consultations on Eskom’s 2022/23 revenue application, following a long delay that culminated in a December 3 court order instructing the regulator to make a tariff determination by no later than February 25. The... 

Nersa will make virtual provincial hearings between January 17 and 21
Photo by Creamer Media
Nersa will make virtual provincial hearings between January 17 and 21

Up to 72 000 energy transition jobs could be created in Mpumalanga by 2030, study shows 

By: Terence Creamer     8th December 2021 South Africa’s Mpumalanga province can compensate for a large share of the job losses that will arise in its declining coal sector and lay the foundations for the creation of a new clean-energy hub for the country by scaling up investments in renewable energy and accelerating coal... 

Image showing wind and solar

Productivity measures, focus on women, youth, small business can make AfCFTA growth inclusive

By: Schalk Burger     Updated 4 hours ago Fewer than half of African countries recorded inclusive growth in the past 20 years, leaving 34% of households on the continent living below the international poverty line of $1.90 a day. The African Continental Free Trade Area (AfCFTA) could spur sustainable and inclusive growth on the... 

Containers at the City Deep terminal in Johannesburg

PRASA to resume Shosholoza Meyl operations

By: Irma Venter     8th December 2021 The Passenger Rail Agency of South Africa (PRASA) says it is preparing for the resumption of the Shosholoza Meyl long-distance passenger rail service on December 15. The preparatory work follows the termination of the service at the end of March this year owing to Covid-19. 

Image of rail track

Jendamark Automation invests in a rooftop solar system

By: Irma Venter     8th December 2021 Jendamark Automation has installed a R3.2-million rooftop solar plant at its manufacturing facility in Gqeberha, in the Eastern Cape.  The system comprises 481 solar panels capable of generating up to 274.5 MWh of electricity a year. 

The Jendamark solar installation
The Jendamark facility

Portfolio committee agrees on in-principle terms of reference for RMIPPPP inquiry

By: Donna Slater     8th December 2021 The Portfolio Committee on Mineral Resources and Energy has resolved, in principle, on the terms of reference that will guide an inquiry into allegations of corruption and malfeasance during the process of appointing preferred bidders in the Risk Mitigation Independent Power Producer Procurement... 

November business confidence levels decline

By: Simone Liedtke     8th December 2021 The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) declined by 2.1 index points to 92.8 in November, after having recovered slightly to 94.9 index points in October. The improvement in October was mainly driven by greater social stability and favourable... 

LHDA awards Katse village, lodge upgrade construction tenders

By: Schalk Burger     8th December 2021 Development agency the Lesotho Highlands Development Authority (LHDA) has awarded a M131-million construction contract for upgrades to the Katse Village and increased capacity at Katse Lodge. The Katse Village upgrades contract is the first of four housing construction contracts to be awarded as... 

An artist's impression of the Katse Lodge
An artist's impression of the Katse Lodge

Speakers highlight factors impacting on ESG, funding

By: Tasneem Bulbulia     8th December 2021 There are several things that are impacting on environmental, social and governance (ESG) and funding for ESG measures, speakers outlined on day one of Fitch Ratings’ ESG Outlook Conference on December 8. Fitch sustainability director Nneka Chike-Obi said climate change was of importance for... 

Afine lists on JSE as petrol service station Reit

By: Donna Slater     8th December 2021 Afine Investments, which holds a portfolio of income generating immovable properties focused on the petroleum sector in South Africa, plans to list as a real estate investment trust (Reit) on the JSE on December 9.   The company was founded by Peter Todd, with strategic input from Mike Watters –... 

Netcare approved for secondary listing on A2X

By: Schalk Burger     8th December 2021 JSE-listed hospital and healthcare services company Netcare has been approved for a secondary listing on A2X Markets, with its shares to be available for trade on the A2X from December 15. Netcare will retain its primary listing on the JSE and its issued share capital will be unaffected by its... 

Alcohol industry urges government to provide vaccine policy certainty

By: Tasneem Bulbulia     Updated 7 hours ago Industry body the South African Liquor Brandowners Association (Salba) has acknowledged the announcement by government of a task team to make recommendations on vaccination mandates for specific activities and locations. The decision on vaccine mandates, like all Covid-19 responses implemented... 

Sasol, NRF partner to boost science, engineering research

By: Schalk Burger     8th December 2021 Global energy and chemicals company Sasol has, through its Foundation and Research & Technology function, entered into two cooperation agreements with the National Research Foundation (NRF) to jointly sponsor and support South Africa’s next generation of science and engineering researchers. The... 

ECSA mourns the death of president Mashao Lawrence Lebea

By: Donna Slater     8th December 2021 The Engineering Council of South Africa (ECSA) reports that it was informed on December 7 that its sixth-term council president Mashao Lawrence Lebea had died. He was inaugurated as ECSA president in December 2020, marking the start of a four-year term, with Refilwe Buthelezi serving as VP.  

GBCSA awards City Industrial Property building with Green Star, Net-Zero Carbon rating

By: Simone Liedtke     8th December 2021 City Industrial Property’s flagship Belville facility and home to City Logistics in Cape Town, has achieved a 4-Star Green Star Custom Industrial rating and a Net-Zero Carbon rating from the Green Building Council South Africa (GBCSA). “City Industrial Property is showing true leadership with... 

Pic of City Industrial Property's facility in Cape Town
City Industrial Property's facility in Cape Town

Scatec awarded A-rating by CDP for tackling climate change

By: Donna Slater     8th December 2021 Renewable power producer Scatec has been placed on global environmental nonprofit organisation Carbon Disclosure Project’s (CDP’s) prestigious A-list for its corporate sustainability efforts in tackling climate change The company is among a few high-performing companies out of almost 12 000 that... 

Coal-fired power project commissioned in Senegal

By: Marleny Arnoldi     8th December 2021 The Sendou coal-fired power project has started delivering commercial power to the national grid of Senegal after its successful recommissioning, investment company Barak Fund Management confirms. The project is a partnership between Barak, the Senegalese government and State-owned power... 

Sendou coal project, in Senegal
Sendou coal project, in Senegal

MTN appoints chief technology and information officer for digital, fintech

By: Donna Slater     8th December 2021 Telecoms company MTN Group has appointed Hermann Tischendorf chief technology and information officer for digital and fintech, effective December 1. MTN Group chief digital and fintech officer Serigne Dioum says the group is “delighted” to have a seasoned executive of Tischendorf’s calibre... 

Afri-Plastics Challenge kicks into third gear

By: Donna Slater     8th December 2021 The final strand of the Afri-Plastics Challenge, called Promoting Change and delivered by London-based innovation foundation Nesta Challenges, will begin accepting applications from December 8. This marks the last leg of the challenge after Strand 1: Accelerating Growth and Strand 2: Creating... 

Hybrid-electric aero engine technology demonstrator passes megawatt milestone

By: Rebecca Campbell     Updated 7 hours ago UK-based global major industrial technology group Rolls-Royce has reported that its hybrid-electric aero power and propulsion technology demonstrator, Power Generation System 1 (PGS1) had reached and passed the milestone of delivering more than 1 MW of power. This had been achieved only weeks... 

Japanese project successfully identifies new sinkhole risk spots within a city using satellites

By: Rebecca Campbell     8th December 2021 Japanese specialists have used satellite data to detect new locations in Guatemala City, the capital of the Central American state of Guatemala, which are at risk from sinkholes or landslides. The data was collected using synthetic aperture radar (SAR) on satellites developed and operated by... 

Liquidity crunch again held up as key impediment to Eskom’s maintenance roll-out 

By: Terence Creamer     7th December 2021 Eskom COO Jan Oberholzer has once again highlighted the utility’s liquidity crunch as a key constraint to the execution of its much-vaunted reliability maintenance programme, which is seen as key to reversing the poor operational performance of its aged coal fleet. The fleet’s energy availability... 

Eskom COO Jan Oberholzer
Photo by Creamer Media's Donna Slater
Eskom COO Jan Oberholzer

Third-quarter GDP contracts by 1.5%

By: Tasneem Bulbulia     7th December 2021 South Africa’s gross domestic product (GDP) contracted by 1.5% in the third quarter of the year. Stats SA’s figures show that the trade, catering and accommodation industry decreased by 5.5%, contributing -0.7 of a percentage point to GDP growth. Decreased economic activities were reported for... 

Aircraft technical skills impacted by Covid-19 disruption

By: Donna Slater     7th December 2021 Technical skills needed within the aviation industry have diminished during the Covid-19 pandemic as several air corridors scaled down operations and air traffic generally slowed down in comparison to pre-pandemic levels, aviation solutions company Safomar Aviation CEO Shai Shalem said on... 

Decarbonisation roadmap highlights economic benefits and international support for South Africa

By: Schalk Burger     7th December 2021 Europe-Africa energy cooperation foundation Renewable Energy Solutions for Africa's (Res4Africa's) 'Decarbonisation Roadmap for South Africa' report highlights the economic benefits of modernising and decarbonising the country's economy and demonstrates the broad international financial and... 

Boeing announces establishment of more airliner-to-freighter conversion lines, in China

By: Rebecca Campbell     7th December 2021 US global major aerospace group Boeing announced on Tuesday that it was going to set up two more lines to convert its 737-800 single-aisle airliners into dedicated freighter aircraft (designated 737-800BCF, BCF standing for Boeing Converted Freighter). This is to meet the continuing current... 

Deliberate action needed to change market concentration trajectory of South Africa’s economy – study 

By: Simone Liedtke     7th December 2021 An economic concentration study by the Competition Commission has revealed that, once markets are concentrated, they tend to become more concentrated and that more deliberate action is, therefore, required to change the trajectory of the economy. In addition, the report largely found South... 

Pic of business man's hands and a brochure with graphs.

Specify energy transition action now, the money’s there for it, UN climate envoy urges  

By: Martin Creamer     7th December 2021 The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... 

UN Climate Action Finance Envoy Mark Carney covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

First wine grape crop estimate for 2022 looks good – Vinpro

By: Simone Liedtke     7th December 2021 South African wine grape producers expect a good, but somewhat smaller, 2022 wine grape crop following a favourable and healthy season. This according to the first of four crop estimates to be issued by viticulturists and producer cellars, agricultural association Vinpro said on December 7. 

RMB takes equity stake in South African alcohol-free drinks company

By: Simone Liedtke     7th December 2021 Financial services provider Rand Merchant Bank (RMB) has partnered with AB InBev’s corporate venture capital arm ZX Ventures to take an equity stake in alcohol-free South African drinks company The Duchess – creator of the world’s first alcohol-free gin and tonic. Launched in 2016, The Duchess... 

Nedlac to approach Constitutional Court next year over mandatory vaccination 

By: Marleny Arnoldi     7th December 2021 The National Economic Development and Labour Council (Nedlac) would approach the Constitutional Court early next year about proposals to implement mandatory Covid-19 vaccinations. During a keynote address at the twenty-sixth Nedlac Summit, on December 7, Employment and Labour Minister Thulas... 

Employment and Labour Minister Thulas Nxesi
Photo by Creamer Media
Employment and Labour Minister Thulas Nxesi

Global air passenger demand recovery continued in October, but Covid-19 Omicron a threat

By: Rebecca Campbell     7th December 2021 The global representative body of the airline industry, the International Air Transport Association (Iata), has warned that the reimposition of travel bans by governments could threaten the recovery of the sector. These bans were re-established in reaction to the emergence of the Omicron variant... 

Volkswagen includes South African in group of best apprentices

By: Irma Venter     7th December 2021 Volkswagen Group South Africa (VWSA) employee Zintle Mvana has been named one of the best apprentices in the global Volkswagen Group. This is an honour bestowed each year to only a handful of the German car maker’s top young talent across the world.  

Image of VWSA employee Zintle Mvana
Zintle Mvana

Record shipment sets sail from Maputo’s Matola Terminal

By: Irma Venter     7th December 2021 A Cape size vessel, about the length of three soccer fields, last week set sail from Grindrod’s Terminal de Carvão da Matola (TCM), carrying a parcel of 147 545 t of magnetite destined for China.  This is the biggest shipment in the port’s history – a new record since the shipment of 121 000 t in... 

Image of the Matola Terminal at the Port of Maputo
The Matola Terminal

SAAFF opens training academy 

By: Irma Venter     7th December 2021 The South African Association of Freight Forwarders (SAAFF) has opened a training academy (SAAFFTA) in an effort to address the skills shortage in the logistics industry.  “By 2030, demand for skilled workers will outstrip supply, resulting in a global talent shortage of more than 85.2-million... 

Tyme completes $180m capital raise

By: Tasneem Bulbulia     7th December 2021 Digital banking group Tyme has successfully secured investments from China-based internet and technology company Tencent and UK development finance institution CDC to complete its $180-million Series B capital raise. The investments from Tencent and CDC are pegged at an additional $70-million. 

SA economy shrinks by 1.5% in the third quarter  

By: News24Wire      7th December 2021 South Africa's gross domestic product contracted by 1.5% in the third quarter of the year on a quarter-on-quarter seasonally adjudged basis, according to Stats SA. The largest falls were in trade, manufacturing and agriculture. The decline brings to an end a period of tentative growth following a... 

South African Rand and Flag

Tongaat refinances South African debt

By: Tasneem Bulbulia     7th December 2021 JSE-listed Tongaat Hulett has completed the refinancing of its existing South African debt facilities, including its remaining term debt, working capital facilities, a revolving credit facility and overdraft facilities. With the support of the South African lenders, the maturity of the existing... 

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