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Tata International Africa signs JCB distribution agreement in Vietnam 

By: Irma Venter     Updated 1 hour 26 minutes ago Tata International Africa (TIA) has signed an agreement with JCB to distribute JCB Construction Equipment in Vietnam, South East Asia. As of April 1, TIA has been selling and supporting the full line of JCB Construction Equipment through the Tata International dealer network in Vietnam, with the... 

Tata International Africa signs JCB distribution agreement in Vietnam 

Eskom highlights financial limitations as it mulls industrial applications for discounted tariffs 

By: Terence Creamer     12th May 2021 State-owned electricity producer Eskom confirms that it has been approached by customers in various industrial sectors with regard to possible applications for discounted Negotiated Pricing Agreements (NPAs), but says its weak financial position prevents widespread implementation. The first NPA... 

 Eskom highlights financial limitations as it mulls industrial applications for discounted tariffs

Tiger brands expects to report higher interim earnings

By: Tasneem Bulbulia     Updated 2 hours 59 minutes ago JSE-listed Tiger Brands expects its earnings per share (EPS) from total operations for the six months ended March 31 to be between 295% and 305% higher than the EPS of 210c reported for the prior interim period. Headline earnings per share (HEPS) from total operations for the period are expected... 

IFC could fund controversial gas-power ships in South Africa

By: Bloomberg     12th May 2021 The World Bank’s International Finance Corporation (IFC) said it expressed interest in funding bidders in a South African tender for emergency power provision, including a Turkish supplier of gas-fired power plants on ships, putting it on course for a clash with climate activists. Karpowership,... 

Volvo SA prices first electric car at R1.2m; launches online store 

By: Irma Venter     12th May 2021 Volvo Car South Africa (Volvo SA) has announced local pricing for the Swedish brand’s first all-electric vehicle, the XC40 P8 Recharge sports-utility vehicle. Volvo XC40 P8 Recharge orders are being taken from this month. 

Volvo SA prices first electric car at R1.2m; launches online store
The Volvo XC40 P8 Recharge

DeepMind provides machine learning scholarships for four Wits Master's students

By: Schalk Burger     Updated 5 hours ago Artificial intelligence (AI) research and applications company DeepMind has donated scholarship funding for four University of the Witwatersrand (Wits) students to complete their Master's degrees in the field of machine learning (ML). The scholarships will fund students registering for MSc... 

Boeing Issues repair plan in step to returning Max to flight

By: Bloomberg     Updated 3 hours ago Boeing sent the first of two planned service bulletins to 737 Max operators Wednesday, providing instructions to repair an electrical issue that has grounded scores of new jets for more than a month, said people familiar with the matter. The first notice for airlines covers a small number of the... 

Online retail booms, set to stabilise at higher level

By: Schalk Burger     12th May 2021 Online retail revenue in South Africa grew by about 66% to R30.2-billion in 2020, accounting for about 2.8% of total retail revenue. Last year’s growth in online retail revenue was significantly higher than the 25% growth from R11.3-billion in 2017 to R14.1-billion in 2018. 

Online retail booms, set to stabilise at higher level

Sugar Masterplan starting to uplift industry – DTIC

By: Donna Slater     12th May 2021 The South African sugarcane industry has experienced a sharp decline in revenue and production in recent years, mainly as a result of cheap sugar imports that have flooded the local sugar market, as well as the Health Promotion Levy (HPL) or so-called sugar tax, that is threatening its future... 

Sugar Masterplan starting to uplift industry – DTIC

Aveng to launch follow-on rights offer to raise R100m

By: Tasneem Bulbulia     12th May 2021 JSE-listed Aveng intends to launch a follow-on rights offer of 6.7-billion ordinary no par value shares and class A shares. The follow on rights offer will be made to qualifying shareholders at 1.5c per follow-on rights offer share. 

Seifsa postpones metals, engineering indaba and awards

By: Schalk Burger     12th May 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) on May 12 announced that the 2021 Seifsa Awards for Excellence and the sixth Southern African Metals and Engineering Indaba have been postponed indefinitely owing to concerns about the rising Covid-19 cases... 

Obituary: A tribute to Prof Bob Scholes, a champion of environmental science

12th May 2021 In this obituary, the Council for Scientific and Industrial Research (CSIR) pays tribute to Professor Bob Scholes. The passing of Professor Bob Scholes shocked not only South Africa, but also the world and, as such, tributes continue to pour in from across the globe. Colleagues and friends who... 

Obituary: A tribute to Prof Bob Scholes, a champion of environmental science
Professor Bob Scholes

KwaZulu-Natal announces Climate Change and Sustainable Development Council

By: Sane Dhlamini     12th May 2021 The province of KwaZulu-Natal held its first ever sitting of the Climate Change and Sustainable Development Council, on Wednesday, as part of plans to mitigate natural disasters that have recently plagued the province. The council, which is chaired by KwaZulu-Natal Premier Sihle Zikalala, is... 

KwaZulu-Natal announces Climate Change and Sustainable Development Council
Photo by supplied
KwaZulu-Natal Premier Sihle Zikalala

Economic benefits to drive adoption of circularity, says consultancy

By: Donna Slater     12th May 2021 Although the concept of a circular economy is not new, recent impetus has been added with the introduction of economic incentives, says circular economy strategy and design consultancy Circular-Vision director Sally-Anne Kasner. Speaking on the topic of understanding the circular economy in the... 

Economic benefits to drive adoption of circularity, says consultancy

Remittance flows remained resilient in 2020, says World Bank

By: Schalk Burger     12th May 2021 Despite the impact of Covid-19 on the global economy, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached $540-billion in 2020, 1.6% below the 2019 total of... 

Iata to prioritise sustainability, safety and digitalisation as industry rebuilds

By: Tasneem Bulbulia     12th May 2021 The Covid-19 pandemic has had a considerable impact on the industry, but  airlines have done well to pivot their business way from passengers to air freight in a short space of time. The outlook also seems to be improving, trade association the International Air Transport Association (Iata) CEO... 

Iata to prioritise sustainability, safety and digitalisation as industry rebuilds
Willie Walsh

Trade unions call for wider government support for Denel turnaround plan

By: Rebecca Campbell     12th May 2021 Trade unions Uasa (which no longer uses its original full name) and the Federation of Unions of South Africa (Fedusa), to which Uasa is affiliated, have urged the Department of Public Enterprises (DPE) to seek help from other government departments to find funds to save financially-embattled... 

SABS updates national standard on crucial fire, alarm systems

By: Tasneem Bulbulia     12th May 2021 The Standards division of the South African Bureau of Standards (SABS) has, as part of its legislated mandate, published a revised version of South African National Standards (SANS) 10139, code of practice for the design, installation, commissioning and maintenance of fire detection and alarm... 

Dangote CEO recovering in hospital following stroke

By: Tasneem Bulbulia     12th May 2021 Cement manufacturer Dangote Cement South Africa, trading as Sephaku Cement, CEO Pieter Fourie was admitted to hospital on May 9 after he suffered a stroke. The company on May 11 said he was receiving medical care and responding well to treatment. 

Sensing market recovery, Airbus restarts work on a new A320 family final assembly line

By: Rebecca Campbell     12th May 2021 Europe-based global major aerospace group Airbus has announced that it is restarting work on establishing a new final assembly line (FAL) for its A320 family single-aisle airliners, and in particular the A321neo version, at its complex at Toulouse in France. The A321 is the largest version of the... 

Sensing market recovery, Airbus restarts work on a new A320 family final assembly line
Photo by Airbus
An Airbus A321neo

New discovery suggests Mars is not dead, but merely sleeping

By: Rebecca Campbell     12th May 2021 Scientists at the University of Arizona’s (UArizona’s) Lunar and Planetary Laboratory and at the Tucson, Arizona, based Planetary Science Institute (PSI), in the US, have discovered evidence showing recent volcanic activity on Mars, hitherto largely conceived of as a dead planet. Studying imagery... 

New discovery suggests Mars is not dead, but merely sleeping
Photo by Nasa/Jet Propulsion Laboratory
Satellite image showing the recent volcanic deposit around a fissure in the Cerberus Fossae system

Sungrow, partners to build Malawi's first solar-plus-storage project

By: Tasneem Bulbulia     Updated 10 minutes ago Solar photovoltaic (PV) and energy storage systems (ESS) solutions supplier Sungrow has partnered with JCM Power, InfraCo Africa, RINA and Innovate to build Malawi's first utility-scale solar-plus-storage project. Located in the Dedza district of Malawi, near the town of Golomoti, the 20 MW solar... 

Exxaro partners with Saica Enterprise Development for finance programme

By: Tasneem Bulbulia     Updated 16 minutes ago Diversified miner Exxaro Resources is collaborating with the South African Institute of Chartered Accountants’ (Saica’) Enterprise Development (ED) unit to implement a financial excellence programme for the miner’s suppliers. The programme is aimed at enhancing the financial management systems... 

Kwatani’s facilities equipped for swift, custom orders 

Updated 6 hours ago Original-equipment manufacturer Kwatani’s fabrication jobbing processes are designed to accommodate custom-designed equipment in similar time frames that other OEMs deliver standard equipment, while also being flexible enough to handle emergency orders with short lead times. Cameron Mackay tells... 

Kwatani’s facilities equipped for swift, custom orders

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 

By: Martin Creamer     12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... 

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’
Photo by Creamer Media
In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.

NUM rails against Eskom's claims on average staff salary

By: News24Wire      12th May 2021 The National Union of Mineworkers (NUM) has disputed claims by Eskom in a statement that the average salary of an Eskom employee stood at R737 000 per annum, contending that employees negotiating their salaries at a bargaining unit could not earn more than R650 460. The union said that the... 

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

By: Bloomberg     12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... 

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

Too cold to handle? Race is on to pioneer shipping of hydrogen

By: Reuters     12th May 2021 Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space. Yet that is exactly what designers are attempting to do. 

Renewable energy projects under investigation across AngloGold   

By: Martin Creamer     11th May 2021 Renewable energy projects are under investigation across the entire AngloGold Ashanti group, AngloGold Ashanti VP: environment Tony Da Cruz told Mining Weekly on Tuesday. Da Cruz reported that the gold mining company is also working with industry peers and vehicle original-equipment manufacturers... 

AngloGold Ashanti presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zikalala launches a R1.5bn logistics facility

By: Yvonne Silaule     11th May 2021 KwaZulu-Natal Premier Sihle Zikalala on May 11 launched the R1.5-billion Pepkor Logistics facility, at Keystone Business Park, in Hammarsdale. Pepkor is a JSE-listed retail chain with more than 5 500 stores. 

Business needs job creation urgency amid transition to a lower-carbon economy, PwC says

By: Tasneem Bulbulia     11th May 2021 A transition to a lower-carbon economy is occurring rapidly around the world and is critical for South Africa. The transition is being driven both by a realisation of the urgency required to save the environment and by economic reasons, and comes with both positive and negative impacts on... 

Seifsa encouraged by manufacturing output growth in March

By: Marleny Arnoldi     11th May 2021 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has described the year-on-year improvement in manufacturing production in March as encouraging, despite coming off a low base, with March 2020's output having been negatively impacted on by lockdown restrictions.... 

IFC, Eris partner to support affordable student housing in South Africa

By: Creamer Media Reporter      11th May 2021 The International Finance Corporation (IFC) has made a $150-million equity investment in property developer and real estate fund manager Eris Property Group's South African Student Accommodation Impact Investments platform. The investment will help Eris develop and operate accommodation for up to... 

Durban container terminal takes delivery of ten more straddle carriers

By: Marleny Arnoldi     11th May 2021 Ten new diesel electric straddle carriers have arrived at the Durban Container Terminal Pier 2. State-owned freight utility Transnet Port Terminals (TPT) says this brings the number of new single-lift straddle carriers delivered at the terminal in the last ten months to 33.  

Durban container terminal takes delivery of ten more straddle carriers
Ten straddle carriers arrive at Durban Container Terminal Pier 2

Transformation of SEZs into truly special zones key to their success – CDE  

By: Donna Slater     11th May 2021 In a new report, the Centre for Development and Enterprise (CDE) is calling on government to change or adapt special economic zones (SEZs) into areas that are “actually and truly special”, offering a modified labour market regime to attract companies and investment. CDE executive director Ann... 

CDE executive director Ann Bernstein outlines the organisation's vision to transform special economic zones into those that are truly “special”

New bridge offers respite to one of Africa’s busiest borders

By: Bloomberg     11th May 2021 Botswana and Zambia opened the $260-million Kazungula bridge, which may help alleviate congestion at one of Africa’s busiest border crossings in neighbouring Zimbabwe. The 923 m road and rail bridge offers a faster and cheaper alternative to a route via Beitbridge on Zimbabwe’s border with South... 

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

By: Reuters     11th May 2021 A drop in electricity generation in Ivory Coast and Ghana has left households and businesses fuming as well as cutting power supplies to neighbouring West African countries Mali and Burkina Faso, officials said. A prolonged dry season has reduced water levels at hydropower dams in both countries... 

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

Winde says focus on governance has reaped good rewards for W Cape

By: Sane Dhlamini     11th May 2021 Western Cape Premier Alan Winde said on Tuesday that focusing on governance over the last few years has helped to keep the Western Cape’s unemployment rate lower than in other provinces. He was speaking with journalist Bruce Whitfield during the PSG think big series webinar, under the topic ‘The... 

Winde says focus on governance has reaped good rewards for W Cape
Western Cape Premier Alan Winde

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