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Sasol CEO Simon Baloyi presents a slide on the gas cliff during a briefing at Megawatt Park, while Eskom CEO Dan Marokane and Electricity and Energy Minister Dr Kgosientsho Ramokgopa (seated at far right) listen.
Sasol CEO Simon Baloyi presents a slide on the gas cliff during a briefing at Megawatt Park, while Eskom CEO Dan Marokane and Electricity and Energy Minister Dr Kgosientsho Ramokgopa (seated at far right) listen.
Sasol and Eskom to explore demand anchors for LNG as part of effort to avert ‘gas cliff’
20th September 2024 By: Terence Creamer

Eskom and Sasol have signed a memorandum of understanding (MoU) to jointly explore the potential to introduce liquified natural gas (LNG) to replace natural gas imports from southern Mozambique, which are currently set to decline sharply from... 


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Reserve Bank Governor Lesetja Kganyago
Economists split on how deep South Africa’s easing cycle will be
20th September 2024 By: Bloomberg

South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis point start to the easing cycle, despite the Federal... 


Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 By: Bloomberg

South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible for economic-growth enhancing structural reforms... 


A $90bn World Bank plan to electrify Africa gets under way
A $90bn World Bank plan to electrify Africa gets under way
20th September 2024 By: Bloomberg

A plan to bring electricity to 300-million Africans by 2030, backed by an initial pledge of $30-billion from the World Bank and the African Development Bank, has begun to be implemented with an... 


New award programme for African researchers announced
20th September 2024 By: Rebecca Campbell

South Africa’s National Research Foundation (NRF), the AXA Research Fund (AXA), and the Future Earth Africa Hub have jointly announced the launch of a new scientific award for African researchers –... 


Rand currency
South African rand cools after strong gains in data-filled week
20th September 2024 By: Reuters

The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the US Federal Reserve and the South African Reserve Bank... 


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Magazine round up | 20 September 2024
Magazine round up | 20 September 2024
20th September 2024

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


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa seeks to strike ‘delicate balance’ on Eskom tariffs, labelling mooted hikes ‘untenable’
19th September 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has labelled a mooted increase in Eskom’s electricity tariff of 36% “untenable” and “unaffordable” and has promised to work on an outcome... 


Nersa logo
AfriForum continues fighting Nersa’s latest appeal in municipal tariff matter
19th September 2024 By: Marleny Arnoldi

Civil rights organisation AfriForum says the National Energy Regulator of South Africa (Nersa) has applied to the Supreme Court of Appeal in the case related to its implementation of tariff hikes... 


Sanas, Afrac host meetings to strengthen quality assurance systems across Africa
19th September 2024 By: Marleny Arnoldi

As the South African National Accreditation System (Sanas) hosts general assembly meetings of the African Accreditation Corporation (Afrac) this week, the organisations have reiterated their... 


Defence and Military Veterans Minister Angie Motshekga
Armscor needs to reevaluate its deliverables in light of constrained budget, Mostshekga says
19th September 2024 By: Darren Parker

Of the R51.8-billion budget allocated to the Department of Defence and Military Veterans (DDMV) for the current financial year, R1.4-billion has been allocated to the Armaments Corporation of South... 


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Reserve Bank governor Lesetja Kganyago
SARB joins easing club with 25 basis point rate cut
19th September 2024 By: Reuters

South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the midpoint of its target range as far out... 


A C-390 takes off from an unpaved runway
Embraer is showcasing its flagship aircraft, the C-390, at AAD 2024
19th September 2024 By: Rebecca Campbell

Brazil-based global major aerospace and defence group Embraer has brought its biggest aircraft, the C-390 Millenium multirole airlifter, to Africa Aerospace and Defence (AAD) 2024. AAD 2024 is... 


Logistics sector under pressure in June, July – Ctrack index
Logistics sector under pressure in June, July – Ctrack index
19th September 2024 By: Irma Venter

After moving upwards for three consecutive months, the newest Ctrack Transport and Freight Index (TFI) declined in June and July to reach a level of 119.8 in July – the lowest level since February.... 


An artist's impression of the Frankenwald Estate
Wits to use Frankenwald sale proceeds for special endowment fund
19th September 2024 By: Schalk Burger

The University of the Witwatersrand (Wits) says all proceeds from the sale of the Frankenwald Estate, in Gauteng, and the future sale of residential and commercial sites will be placed into a... 


The UNDP GeoHub dashboard
IBM develops two new models for energy sector forecasting
19th September 2024 By: Schalk Burger

Information technology company IBM has developed two new interactive models for the United Nations Development Programme (UNDP) GeoHub, namely the artificial intelligence (AI) model Electricity... 


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Magazine round up | 20 September 2024
Magazine round up | 20 September 2024

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

CARBON COMPLIANCE: China plans to impose carbon-trading compliance obligations on steel, aluminium, and cement producers next year as the country extends its carbon market beyond power utilities. About 1 500 companies in those industries will be subject to market-based carbon costs if their emissions overshoot government-set targets. Photograph: Bloomberg
CARBON COMPLIANCE

China plans to impose carbon-trading compliance obligations on steel, aluminium, and cement producers next year as the country extends its carbon market beyond power utilities. About 1 500... 

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South Africa must grasp the green hydrogen opportunity for the benefit of its people

Representatives of development finance institutions, private sector banks, mining companies, automotive manufacturers, and energy development organisations are increasingly urging South Africa Inc... 

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Hope beyond hype?

The current scepticism surrounding the prospects for green hydrogen in South Africa and globally is only natural. A gap was inevitably going to arise between what many have termed “hydrogen hype”... 

Business Leader

Cornelius Coetzee, country manager at Verto South Africa
Cornelius Coetzee

This week we profile Cornelius Coetzee, country manager at Verto South Africa, whose mission is to simplify cross-border payments for companies doing business in Africa through access to its local... 

GROWTH RETHINK
GROWTH RETHINK

A combination of external shocks and internal own goals has left South Africa in a low-growth trap. With the Government of National Unity now prioritising inclusive growth, organised business... 

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Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

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Actom

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

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