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Barloworld restructures its Motor Retail business in R947m deal

By: Irma Venter     Updated 3 hours ago Barloworld has entered into an agreement with NMI Durban South Motors (NMI-DSM) to dispose of its Motor Retail business as a going concern for R947-million. NMI-DSM is a joint venture of the Barloworld group, in which Barloworld holds a 50% interest alongside the Akoo family.  

Barloworld restructures its Motor Retail business in R947m deal

2021 poised to be significant year of transition for SA’s energy and minerals sectors

By: Terence Creamer     22nd January 2021 This year could prove to be game changing for the long-term prospects and resilience of South Africa’s energy and minerals sectors. The electricity sector, which together with Eskom has sapped confidence and growth from the South African economy for more than a decade, should begin its slow... 

2021 poised to be significant year of transition for SA’s energy and minerals sectors

Tribunal issues order for interim arrangement in GovChat, WhatsApp and Facebook matter

By: Natasha Odendaal     Updated 1 hour 39 minutes ago The Competition Tribunal has released an order for an interim arrangement until it issues its decision in the interim relief application against WhatsApp and Facebook by Government’s WhatsApp-based citizen engagement platform. The order, which will regulate the arrangements between GovChat,... 

Thales' challenge to racketeering charge it faces with Zuma dismissed - paving way for trial to start

By: News24Wire      Updated 4 hours ago The KwaZulu-Natal High Court in Pietermaritzburg has dismissed with costs French arms company Thales' bid to challenge the racketeering charge it faces along with former president Jacob Zuma. The case brought by Thales, which is being represented by Oscar Pistorius' former defence advocate Barry... 

Positive and passionate Kim Pratley passes away

By: Schalk Burger     Updated 6 hours ago South African industrial chemicals and supplies manufacturer Pratley has announced the passing of  CEO and MD Kim Pratley on January 19. “As a company, we mourn the passing of our beloved father, dedicated MD, mentor, friend and colleague. His passing leaves a deep hole in the lives of everyone... 

Positive and passionate Kim Pratley passes away
Kim Pratley

Craft Craze app to boost craft beverage manufacturers’ reach

By: Donna Slater     Updated 4 hours ago A mobile application (app) – Craft Craze – has been developed to further the market reach and ease of access to South African-made craft beverages, including the growing craft beer market. Prototype app development started in March 2019, after which Craft Craze presented the concept to breweries... 

Craft Craze app to boost craft beverage manufacturers’ reach
A selection of craft beers typically found on the Craft Craze app

African tech startup funding passes $700m in record-breaking 2020

By: Schalk Burger     22nd January 2021 New funding records were set over the course of 2020 as 397 technology startups raised $701.5-million. These figures have increased substantially compared with the previous year, with the number of funded startups having increased by 27.7% compared with 2019, while total funding grew by 42.7%,... 

‘Comply with Political Party Funding Act’ – Pityana urges business, politicians

By: Sashnee Moodley     Updated 3 minutes ago With the Political Party Funding Act expected to come into effect from April 1, Business Unity South Africa (Busa) president Sipho Pityana has called on political parties and business to urgently comply with the legislation. President Cyril Ramaphosa announced the signing of the Act, on Friday,... 

‘Comply with Political Party Funding Act’ – Pityana urges business, politicians
Busa president Sipho Pityana

AfCTFA to help drive continent’s economic recovery from Covid-19 pandemic

By: Simone Liedtke     Updated 5 minutes ago The African Continental Free Trade Area (AfCFTA) can help drive the continent’s economic recovery from the deadly coronavirus pandemic and spur transformation, says Economic Commission for Africa (ECA) regional integration and trade division director Stephen Karingi. He says that, given that... 

Extraterrestrial oceanography sees scientists probing the depths of Titan’s largest sea

By: Rebecca Campbell     Updated 15 minutes ago Astronomers at Cornell University, at Ithaca in the US state of New York, have used radar data to determine that the biggest sea on Titan, the largest moon of Saturn, is, near its centre, at least 300 m deep. The sea is named Kraken Mare, and it is estimated to have a surface area of some 400 000... 

Extraterrestrial oceanography sees scientists probing the depths of Titan’s largest sea
Photo by Nasa
An artist’s impression of the Kraken Mare

Tito Mboweni asks for more time for Treasury report after missing first deadline

By: News24Wire      Updated 16 minutes ago Minister of Finance Tito Mboweni wrote to the Speaker of Parliament Thandi Modise asking that the legislature grant National Treasury an extension for the submission of its annual report and financial statements, while it irons out differences with the office of the Auditor General. The letter... 

Tito Mboweni asks for more time for Treasury report after missing first deadline
Finance Minister Tito Mboweni

Hamburg plans green hydrogen plant with Shell, Mitsubishi, Vattenfall

By: Reuters     Updated 1 hour 23 minutes ago Hamburg is planning to generate green hydrogen, which is produced from renewable power, at a plant it will develop with energy firms Shell, Mitsubishi and Vattenfall, the city state said on Friday. Hamburg's municipal heating company has signed a letter of intent with the three companies to... 

Manica Namibia completes first use of new hopper, bagging system

By: Tasneem Bulbulia     Updated 2 hours 30 minutes ago Logistics and marine services provider Manica Group Namibia recently invested in an advanced mobile hopper and bagging system and has successfully completed the first use of this equipment. The bagging plant allows for products to be shipped in bulk and bagged at the destination, quayside. The... 

Manica Namibia completes first use of new hopper, bagging system
Nectar hopper and bagger system

South Africa’s widening budget gap may drive up tax targets

By: Bloomberg     Updated 3 hours ago South Africa may be forced to revise its tax increase targets as its budget shortfall is set to breach wartime levels for a second consecutive year. The budget deficit will reach 11% of gross domestic product in the fiscal year through March 2022, according to the median estimate of 13 economists... 

Saice welcomes new construction industry umbrella body

By: Simone Liedtke     Updated 3 hours ago The South African Institution of Civil Engineering (Saice) has welcomed the establishment of the newly formed construction industry umbrella body, the Construction Alliance South Africa (Casa). Saice CEO Vishaal Lutchman says the institution “looks forward to playing an active role in creating a... 

France is enthusiastic about hosting upcoming summits focused on Africa

By: Rebecca Campbell     Updated 3 hours ago The French Embassy in Pretoria has reported that France was looking forward, with much anticipation, to the Africa-France Summit and the International Financing Summit for Africa, which would both be held in the country during this year. The Africa-France Summit was scheduled to take place at... 

Spotlight on emerging markets a boon for South Africa's private equity to build another Rain or SweepSouth

By: News24Wire      Updated 3 hours ago Fund managers, who are backing startups, SMEs and other business ventures that banks don't ordinarily touch, are expecting a bumper year in 2021 after Covid-19 disrupted most of the fundraising initiatives last year. The private equity and venture capital industry, which in South Africa was given... 

Regulatory, policy constraints continue to bedevil SA's distributed generation market 

Updated 6 hours ago Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the fact that South Africa is still experiencing load-shedding, but remains slow to open up the market to distributed energy projects, as well as about what could be done to realise this pent-up potential. 

Regulatory, policy constraints continue to bedevil SA's distributed generation market

Forrest paves the way for green steel

By: Esmarie Iannucci     Updated 6 hours ago Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... 

Forrest paves the way for green steel
Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Busa pays tribute to Mthembu

By: Creamer Media Reporter      21st January 2021 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. 

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

By: Rebecca Campbell     21st January 2021 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... 

Reserve Bank keeps rates on hold at 3.5%

By: News24Wire      21st January 2021 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... 

Pandemic management, vaccine to shape economies in 2021

By: Tasneem Bulbulia     21st January 2021 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... 

Satellites successfully used to count wild elephants

By: Rebecca Campbell     21st January 2021 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... 

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

By: Terence Creamer     21st January 2021 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

Massmart’s sales decrease year-on-year

By: Tasneem Bulbulia     21st January 2021 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... 

Unctad updates principles to promote biodiversity-friendly trade

By: Tasneem Bulbulia     21st January 2021 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... 

EPP appoints sales, acquisitions exec

By: Simone Liedtke     21st January 2021 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

Construction bodies unite into single alliance  

By: Irma Venter     21st January 2021 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

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... 

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. 

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... 

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

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... 

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.

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

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

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

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