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Massive grid investment needed to unlock IRP’s 30GW-by-2030 vision 

By: Terence Creamer     20th October 2020 State-owned electricity utility Eskom is warning that a significant and accelerated expansion of South Africa’s grid infrastructure, beyond that catered for by its current R118-billion investment plan to 2030, is required to integrate the 30 GW of mainly wind and solar generators that will have... 

 Massive grid investment needed to unlock IRP’s 30GW-by-2030 vision

WEF says machine-assisted jobs will emerge quicker than expected

By: Marleny Arnoldi     Updated 5 hours ago The World Economic Forum’s (WEF’s) 'Future of Jobs 2020' report finds that Covid-19 has caused the labour market to change faster than expected. The report envisions that, by 2025, automation and a new division of labour between humans and machines will disrupt or displace 85-million jobs... 

South Africa moves to soothe investor fears over land grabs

By: Bloomberg     Updated 1 hour 26 minutes ago As South Africa revises its legal framework to make it easier to take property without paying for it, the nation’s land minister has given assurances that the contentious process won’t degenerate into a free-for-all. The ruling African National Congress decided in December 2017 to change the... 

South Africa moves to soothe investor fears over land grabs
Agriculture, Land Reform and Rural Development Minister Thoko Didiza

Western Cape's Maynier wants Covid-19 travel 'red list' scrapped

By: News24Wire      Updated 1 hour 58 minutes ago The Western Cape government wants the Covid-19 travel "red list" scrapped because it is killing international tourism. "We are fighting hard to have this list scrapped," said Finance MEC David Maynier during a hybrid sitting of the Western Cape legislature. 

Western Cape's Maynier wants Covid-19 travel 'red list' scrapped

Pipe theft causes crude oil to flow into Durban's Umbilo river

By: News24Wire      Updated 2 hours 4 minutes ago The theft of a pipe has caused a crude oil spill in the Bellair area, in Durban, affecting the Umbilo river. The river flows into the Durban Harbour. 

Ministerial Renewable Energy Sector Engagement Forum structure ratified 

By: Tasneem Bulbulia     20th October 2020 The second meeting to establish a stakeholder-based Ministerial Renewable Energy Sector Engagement Forum (Resef) and associated Resef Working Group was held online on October 20, during which attendees voted overwhelmingly to ratify the structure of the forum and the names proposed by the... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC 

By: Martin Creamer     Updated 5 hours ago The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. In a double-page advertisement in The Economist, Hyundai states categorically that it will be making 700 000 fuel cell stacks a year by 2030.... 

World Platinum Investment Council research director Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Project launched to support, grow women-owned transport enterprises   

By: Irma Venter     20th October 2020 The United Nations Women South Africa Multicountry Office, in partnership with the National Women Advancement Establishment, have launched a project to provide technical business support to women-owned enterprises in the transport sector in South Africa. The aim of the programme is to stimulate... 

Project launched to support, grow women-owned transport enterprises  
Lebo Letsoalo

Cell C showing early signs of recovery, says CEO 

By: Natasha Odendaal     20th October 2020 Mobile operator Cell C’s strategic turnaround efforts are starting to reflect in the company’s underlying financial results performance during the six months to June 30, 2020, said CEO Douglas Craigie Stevenson on October 20. The company’s net loss widened significantly from R875-million in the... 

Cell C CFO Zaf Mahomed discusses Cell C’s financial performance for the six months ended June 30, 2020.

South Africa investigates Covid-19 contracts for corruption

By: Reuters     20th October 2020 South African investigators are investigating R10.5-billion of the government's coronavirus spending for corruption, more than double the amount they were investigating two months ago, they told parliament on Tuesday. President Cyril Ramaphosa has promised that corruption during the COVID-19... 

JRA reopens the upgraded Spring road bridge

By: Creamer Media Reporter      20th October 2020 The Johannesburg Roads Agency (JRA) has reopened the upgraded bridge on Spring road, in Weltevreden Park, to motorists and pedestrians. The bridge had been closed off to vehicle and pedestrian traffic since March 2017 after it was washed away by floods. Its initial design capacity was not... 

South African airline Airlink to restore three more routes to Mozambique

By: Rebecca Campbell     20th October 2020 South African private-sector airline Airlink announced that it was adding three more destinations in Mozambique to its regional network, which is being reactivated following the phasing out of national lockdowns instituted in Southern Africa to contain the Covid-19 pandemic. The new destinations... 

South African airline Airlink to restore three more routes to Mozambique
Photo by Airlink
The Embraer E190 is Airlink’s flagship airliner type

Standard Bank of South Africa signs $520m loan facility with Chinese lenders

By: Creamer Media Reporter      20th October 2020 The Standard Bank of South Africa (SBSA) has signed a $520m syndicated term loan facility with various Chinese banks. The facility, which was coordinated by the Industrial and Commercial Bank of China, has a 36-month term and will be used for general financing purposes. 

Airbus launches new jet trainer concept in Spain

By: Rebecca Campbell     20th October 2020 Europe-based global major aerospace and defence group Airbus has divulged, to the Spanish media, its vision of a future training and light attack aircraft, aimed initially at the future requirements of the Spanish Air Force. However, the new type’s designation is in English; it is called the... 

Airbus launches new jet trainer concept in Spain
Photo by Airbus
Artist’s impression of the AFJT

Nokia to build cellular network on the Moon

By: Natasha Odendaal     20th October 2020 Information and communication technology giant Nokia has been selected by the National Aeronautics and Space Administration (NASA) to deploy the first long-term evolution (LTE) / fourth-generation (4G) communications system on the Moon. Nokia Bell Labs’ pioneering innovations will be used to... 

Nigeria pays oil majors $3bn, moving closer to ending dues

By: Bloomberg     20th October 2020 Nigeria reimbursed oil companies including Exxon Mobil and Royal Dutch Shell $3-billion, moving closer to clearing operating expense arrears owed since 2010. The payment is being settled through a five-year crude oil sales deal agreed in 2016, Nigerian National Petroleum Corp (NNPC) said in a... 

Renergen drilling programme back on track

By: Simone Liedtke     Updated 5 minutes ago Emerging domestic natural gas and helium producer Renergen’s re-drill of the inclined drilling programme (referred to as P2V2) at its flagship Virginia gas project, in the Free State, is expected to be at, or be close to, target by the end of the first week of November. In a statement on October... 

40 MW solar power application making good progress ­– Gold Fields  

By: Martin Creamer     20th October 2020 The application for the establishment of a 40 MW solar power plant at the South Deep gold mine in western Gauteng is in process and making good progress, Gold Fields CEO Nick Holland said on Monday. Responding to Mining Weekly during the Johannesburg- and New York-listed company’s virtual... 

Gold Fields ESG presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Underwater nuclear inspection robot passes first tests in UK

By: Rebecca Campbell     19th October 2020 In the UK an underwater survey robot has successfully completed its first set of trials for underwater nuclear inspection applications. The robot was developed in a collaborative venture between a number of British companies and institutions, namely Rovco (the project lead), D-RiskQ, Forth... 

SABS calls for stricter self-regulation around hazardous waste disposal

By: Marleny Arnoldi     19th October 2020 Since the global outbreak of Covid-19, the South African Bureau of Standards (SABS) has been refocusing its attention on improving its services to assist in the fight against the pandemic and the hygiene matters related to controlling the spread of infection. To this end, the SABS says the... 

Company warns of high cost of fraud during pandemic

By: Tasneem Bulbulia     19th October 2020 Biometric identity company iiDENTIFii says hundreds of millions of rands has potentially been claimed from the Unemployment Insurance Fund's (UIF's) Temporary Employee/Employer Relief Scheme (TERS ) through fraudulent or corrupt applications that could have been eradicated with the correct... 

GWM’s new P Series bakkie set for November local launch

By: Irma Venter     19th October 2020 Haval Motors South Africa (HMSA) has announced that the GWM P Series bakkie will make its local debut in late November. HMSA says the P Series will be available in 16 derivatives in South Africa and other countries in the Southern African Development Community, including single and double cabs,... 

GWM’s new P Series bakkie set for November local launch

People, visibility and timely updates key steps for SMEs to improve cybersecurity

By: Schalk Burger     19th October 2020 Small and medium-sized enterprises (SMEs) can improve their cybersecurity by focusing on three aspects, namely empowering their personnel through regular training, ensuring that the information technology (IT) department has visibility across the business and staff have secure access, and... 

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eskom moves to secure R23bn granted by High Court for 2021, despite Nersa appeal 

By: Terence Creamer     19th October 2020 Eskom has launched a fresh legal bid to ensure that the automatic reintroduction of a R23-billion equity injection to its allowable revenue in 2021/22, as granted by the High Court in July, is not negated by the fact that the National Energy Regulator of South Africa (Nersa) has been granted... 

 Eskom moves to secure R23bn granted by High Court for 2021, despite Nersa appeal
Photo by Creamer Media's Donna Slater
Eskom CFO Calib Cassim presenting the utility's case at MYPD4 hearings in 2019

Calgro M3 enhances liquidity

By: Tasneem Bulbulia     19th October 2020 Following 12 to 18 months of rigorous restructuring initiatives, JSE-listed Calgro M3 has successfully closed its internal construction division. Calgro M3 CEO Wikus Lategan reported on October 190 that the leaner business, together with little pressure to invest in capital intensive projects... 

South Africa’s track record bodes ill for investment drive

By: Bloomberg     19th October 2020 South Africa will be hard pressed to realise its ambitions of attracting R1-trillion of private investment in infrastructure if its past record is anything to go by. The investment drive began two years ago and is a key component of an economic blueprint unveiled by President Cyril Ramaphosa last... 

Eskom to resume construction of 400 kV line in SA's KwaZulu-Natal province 

By: African News Agency      19th October 2020 Eskom said on Monday work was set to resume on the final leg of an approximately 123 km transmission power line running through the uMgungundlovu and uThukela district municipalities of KwaZulu-Natal province. In a statement, the state power utility said final construction of the 47 km leg of... 

 Eskom to resume construction of 400 kV line in SA's KwaZulu-Natal province

UK government warns business that the country will exit EU Single Market in 75 days

By: Rebecca Campbell     19th October 2020 On Sunday the British government announced that it was launching a new phase of its public information campaign regarding the UK’s departure from the European Union (EU), popularly known as ‘Brexit’. This phase has the slogan ‘Time is running out’ and is intended to alert business to the... 

Exxaro continues its role in ensuring food security, nutrition in communities

By: Marleny Arnoldi     19th October 2020 JSE-listed miner Exxaro Resources’ executive head of sustainability Mongezi Vetti has reiterated the company’s commitment to transferring its rehabilitated land to communities toward establishing agro-economies. This follows after President Cyril Ramaphosa on October 5 spoke about government’s... 

Exxaro continues its role in ensuring food security, nutrition in communities
Exxaro Resources’ executive head of sustainability Mongezi Vetti

Economic recovery plan sets good blueprint for South Africa, says BLSA

By: Tasneem Bulbulia     19th October 2020 The economic recovery plan announced by President Cyril Ramaphosa last week does a good job of setting out the issues that are constraining the economy, from a lack of infrastructure to visa rules, says business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso. “This is good... 

Contractors risk ruin owing to contract fine print, payment delays, says MBA 

By: Irma Venter     19th October 2020 The Master Builders Association (MBA) North says contractors, particularly small and mid-sized contractors, face growing business risk when embarking on new projects. This is a result of a range of issues, such as contracts that are amended to favour large contractors or clients, unclear delivery... 

Contractors risk ruin owing to contract fine print, payment delays, says MBA

Economic recovery plan will protect jobs in vulnerable sectors - Ramaphosa 

By: Sane Dhlamini     19th October 2020 President Cyril Ramaphosa has assured South Africans that the economic recovery plan he presented last week will protect jobs in vulnerable sectors that have been hit hard by the coronavirus pandemic. The Presidential Employment Stimulus announced last week involves a public investment of... 

Economic recovery plan will protect jobs in vulnerable sectors - Ramaphosa
President Cyril Ramaphosa

Transnet lauds conviction of fuel pipeline tamperer

By: Marleny Arnoldi     19th October 2020 State-owned freight utility Transnet’s fuel subsidiary Transnet Pipelines has welcomed the sentencing of a perpetrator arrested for tampering with a multiproduct pipeline. The sentencing marks the first conviction since a scourge of fuel theft started about 18 months ago, with Transnet’s... 

Omnia intends to sell Oro Agri business

By: Marleny Arnoldi     19th October 2020 JSE-listed chemicals group Omnia Holdings has reached an agreement to sell its Oro Agri business to Rovensa – a European-based business that procures and distributes biocontrol, bionutrition and crop protection solutions. Omnia in June received a nonbinding offer for the business, which... 

Omnia intends to sell Oro Agri business
Omnia CEO Seelan Gobalsamy

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater  

By: Martin Creamer     19th October 2020 The fast-tracking of the hydrogen economy will be much quicker than most people have imagined, Sibanye-Stillwater CEO Neal Froneman said at the Financial Times (FT) Commodities Mining Summit, where he was part of a panel that included Anglo American Platinum CEO Natasha Viljoen and South32 CEO... 

Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

There’s a lot of trees in what people thought was North African desert

By: Rebecca Campbell     16th October 2020 Scientists have been surprised by the number of trees that they have been able to detect in the Western Sahara, Sahel and Sudanian regions of Africa. Using satellite imagery, they were able to count more than 1.8-billion trees in a region generally regarded as being desert. The study was focused... 

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