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Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology

By: Terence Creamer     Updated 49 minutes ago National Energy Regulator of South Africa (Nersa) fulltime member for electricity Nhlanhla Gumede has called for the regulatory methodology used to set electricity tariffs in South Africa to be overhauled, arguing that the multiyear price determination (MYPD) approach is not aligned with the... 

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology
Nersa fulltime member for electricity Nhlanhla Gumede

Engineering News & Mining Weekly e-magazine now available

2nd July 2020 For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

Nersa to provide concurrence on technology-specific determination this month

By: Terence Creamer     Updated 2 hours 9 minutes ago The National Energy Regulator of South Africa indicated on Thursday that it intended providing concurrence this month for a Ministerial determination that would open the way for the procurement of new electricity generation capacity in line with allocations contained in the 2019 edition of the... 

Nersa to provide concurrence on technology-specific determination this month

Public Enterprises states that four SAA unions willing to accept severance packages

By: Rebecca Campbell     Updated 2 hours 28 minutes ago The Department of Public Enterprises reported on Thursday that four of the unions representing employees of State-owned national flag carrier South African Airways had indicated that they were willing to sign the voluntary severance packages being offered by the DPE to SAA employees. SAA is... 

Value of AutoTrader used-car sales surge to R7.3bn in June

By: Irma Venter     Updated 3 hours ago AutoTrader data shows that the value of used-car sales through its platform increased by 46% month-on-month in June, while the market in the Western Cape – which saw a 101% increase in sales last month – is on the boil.  The Volkswagen Polo Vivo was the most popular used car sold in the Western... 

Value of AutoTrader used-car sales surge to R7.3bn in June

June new-vehicle sales decline by 31%, exports down 39%

By: Irma Venter     Updated 7 hours ago The South African new-vehicle market returned to its first full month of sales in June since the Covid-19 lockdown started.  However, this did not mean a return to the level of sales seen before the pandemic, as the domestic market remains under pressure. 

June new-vehicle sales decline by 31%, exports down 39%

South Africa records first current account surplus in 17 years

By: Reuters     Updated 49 minutes ago South Africa recorded its first current account surplus in 17 years in the first quarter of 2020 as the trade balance more than doubled, central bank data showed on Thursday. The current account swung to a surplus of 1.3% of gross domestic product, or 69.7 billion rand ($4.12 billion), in... 

Local medical radioisotope producer continues exports despite lockdown

By: Rebecca Campbell     2nd July 2020 South African Nuclear Energy Corporation (Necsa) subsidiary company NTP Radioisotopes (NTP) has reported that, since the imposition of South Africa’s national lockdown in late March, it had been able to dispatch more than 120 shipments of medical radioisotopes to customers around the world. Both... 

Two killed, seven injured in incident at Astron's Milnerton refinery

By: Marleny Arnoldi     Updated 6 hours ago Petrochemicals company Astron Energy has confirmed that two people were killed and seven injured in a fire at its 100 000 bbl/d Milnerton refinery, in the Western Cape, in the early hours of July 2. The company immediately activated its emergency response procedures and notified the relevant... 

AMSA clarifies details of safeguard application for structural steel products

By: Schalk Burger     Updated 1 hour 3 minutes ago ArcelorMittal South Africa (AMSA) on July 1 said it had, in collaboration with Evraz Highveld Steel, applied for safeguards on structural steel products produced at the Highveld Structural Mill, being the only producer of these products in the country. AMSA emphasised that it haD not approached... 

Global efforts needed to fast-track clean energy innovation

By: Simone Liedtke     Updated 6 hours ago A significant and concerted global push to accelerate innovation will be needed to pave the way to the energy sector reaching net-zero emissions, according to International Energy Agency’s (IEA’s) Energy Technology Perspectives (ETP) Special Report on Clean Energy Innovation. The report discusses... 

Icasa to publish WOAN, spectrum invitation

By: Natasha Odendaal     Updated 48 minutes ago The Independent Communications Authority of South Africa (Icasa) is preparing to publish the Invitation To Apply (ITA) for both the Wireless Open Access Network (WOAN) and the International Mobile Telecommunications (IMT) spectrum. While Icasa has made “extensive progress” in developing both ITAs... 

TFR implementing new online truck scheduling system at City Deep Terminal

By: Simone Liedtke     Updated 6 hours ago Transnet Freight Rail (TFR) will implement the Navis Truck Appointment System at its City Deep Terminal in Johannesburg from July 6. The online truck scheduling system will not only regulate the flow of trucks to the terminal, but will also enable physical distancing during the Covid-19 pandemic. 

Transnet undertakes upgrades at various terminals

By: Marleny Arnoldi     Updated 30 minutes ago Transnet Port Terminals (TPT) has prepared for a 13% increase in citrus volumes this year, with new equipment being set up to boost operations at the Port Elizabeth, Durban and Ngqura container terminals. This follows the Citrus Growers Association’s forecast that new orchards coming into... 

PIC decreases interest in PPC to near 14%

By: Donna Slater     Updated 4 hours ago State-owned investment management company, the Public Investment Corporation (PIC), has disposed of a portion of its interest in the ordinary shares of building materials company PPC. The PIC now holds 13.98% of PPC's shares, compared with the 19.92% it previously held.  

Construction Index tracks down, hopes for recovery pinned in infrastructure build

By: Schalk Burger     Updated 4 hours ago While JSE-listed industrial and construction materials company Afrimat's Construction Index (ACI) was down by 12 points year-on-year in the first quarter of this year, there is some hope of a recovery for the construction sector in government’s infrastructure-led economic growth recovery plan... 

Hydrogen-powered aviation preparing for takeoff – study

By: Martin Creamer     Updated 5 hours ago Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Hydrogen-powered aviation preparing for takeoff – study
Strong steps being taken to clean up the skies by using hydrogen to power aircraft.

Cement sector welcomes Sidssa commitments, urges increased local content

By: Tasneem Bulbulia     1st July 2020 The South African cement industry, represented by industry organisation, The Concrete Institute (TCI), has welcomed the outcomes of the Sustainable Infrastructure Development Symposium South Africa (Sidssa), held last week.  The symposium was convened by Dr Kgosientso Ramokgopa, head of the... 

Proudly SA launches new ‘buy local’ campaign

By: Simone Liedtke     Updated 1 hour 10 minutes ago Proudly South African (SA) this week launched its new “Buy Local” consumer education campaign that will go live on various platforms, including television, on July 3. The campaign calls on all South African citizens to contribute to putting the local economy and South Africans back to work by... 

Pandemic severely impacting on tourism, but there are positives, says WHO

By: Tasneem Bulbulia     Updated 54 minutes ago The Covid-19 pandemic has had a massive impact on tourism and travel in Africa; however, there are opportunities for the tourism sector in the medium term, and potential for recovery as borders start reopening, speakers said during a World Health Organisation- (WHO-) hosted webinar on July 2. WHO... 

Top 100 companies' value dropped by 15% by March, report shows

By: Schalk Burger     Updated 4 hours ago The Global Top 100 companies performed strongly from March to December 2019, increasing their market capitalisation (cap) by 20%. However, their market cap decreased by 15% from December 2019 to March 2020, a report compiled by professional services multinational PwC shows. These top 100... 

Sanedi appoints interim CEO

By: Marleny Arnoldi     Updated 2 hours ago South African National Energy and Development Institute (Sanedi) has announced the appointment of CFO Lethabo Manamela to interim CEO, effective May 1. This followed the departure of Dr Thembakazi Mali, who took up a senior position at petrochemicals company Sasol.  

Sanedi appoints interim CEO
Sanedi interim CEO Lethabo Manamela

Grindrod appoints new FD

By: Marleny Arnoldi     Updated 1 hour 20 minutes ago JSE-listed logistics group Grindrod has announced the appointment of Fathima Ally as group FD, effective September 1. She succeeds Xolani Mbambo, who is moving into an operations position.  

Growthpoint achieves green building first with development of Serra facility

By: Donna Slater     Updated 1 hour 38 minutes ago Property investment company Growthpoint and washroom solutions company Serra Services have achieved the first Green Star Existing Building Performance (EBP) rating for an industrial building in Gauteng, with a 5-Star certification for a 7 400 m2 facility in Meadowbrook, Germiston.   An extensive... 

Growthpoint achieves green building first with development of Serra facility

Air transport body calls on African and Middle Eastern governments to end quarantine

By: Rebecca Campbell     Updated 1 hour 41 minutes ago The global representative body of the airline industry, the International Air Transport Association (Iata), has called on African and Middle Eastern (AME) governments to abandon quarantine measures for arriving air passengers. These policies were doing grave damage to those countries’ aviation... 

Covid kills 13 mineworkers, no foreigners back at work

By: Martin Creamer     Updated 1 hour 5 minutes ago Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
The new normal at South Africa's mines.

Coca-Cola Company appoints new Africa, Middle East leaders to tap opportunities

By: Schalk Burger     Updated 1 hour 7 minutes ago Beverage multinational The Coca-Cola Company on July 2 announced the appointment of Matrona Filippou as its business unit president for the Southern and East Africa region, while former Southern and East Africa region president Bruno Pietracci has taken up the position as Africa & Middle East... 

ProfitShare Partners secures R100m for SMEs

By: Tasneem Bulbulia     Updated 1 hour 46 minutes ago Fintech small and medium-sized enterprises (SMEs) capital provider ProfitShare Partners on July 2 announced that it had secured R100-million from the SA SME Fund, which would enable it to partner with more SME businesses to provide much-needed capital to catalyse growth. In the midst of the... 

Pikitup shuts two depots following spike in Covid-19 cases

By: Tasneem Bulbulia     Updated 2 hours 59 minutes ago The City of Johannesburg’s waste management entity Pikitup has received confirmation that a further 30 employees at the Roodepoort depot have tested positive for Covid-19, taking the total number of employees infected by the virus to 45. The Roodepoort depot was initially closed on June 15 when... 

UIF continues to accept Covid-19 TERS claims

By: Tasneem Bulbulia     Updated 3 hours ago The Unemployment Insurance Fund (UIF) Commissioner has indicated that the fund will continue to accept and process Covid-19 Temporary Employer/Employee Relief Scheme (TERS) claims submitted for April, May and June as per the directive issued by Employment and Labour Minister Thulas Nxesi on March... 

CDC Group, Finnfund make $70m commitment to foster growth across Africa

By: Simone Liedtke     Updated 4 hours ago The CDC Group and Finnfund have made a $70-million commitment to AfricInvest Fund IV, a generalist Pan-African fund aiming to foster the growth of African enterprises across the continent. Fund IV will invest in mid-cap and growth-oriented companies in sectors including financial services,... 

More SA corporates pursuing self-generation 

Updated 5 hours ago Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the South African companies that are seeking to generate renewable energy to supply power for their operations in order to reduce emissions and ensure available power supply. He also talks about what is... 

More SA corporates pursuing self-generation

Tongaat concludes sale of Namibian assets

By: Marleny Arnoldi     Updated 6 hours ago JSE-listed sugar manufacturer Tongaat Hulett has announced that all conditions precedent related to the sale of its entire sugar packaging and distribution business in Namibia have been fulfilled. The company sold these assets, effective July 1, to breakfast cereal company Bokomo Namibia for... 

Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear 

By: Terence Creamer     1st July 2020 Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions... 

 Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19 

By: Simone Liedtke     1st July 2020 Platinum group metals miner Royal Bafokeng Platinum (RBPlat), together with the North West Department of Health, has officially opened the 200-bed Royal Bafokeng Platinum Field Hospital, in Rustenburg, at a cost of about R10-million, to support government’s already overburdened resources in the... 

RBPlat opens 200-bed field hospital to support govt in fight against Covid-19

Easing lockdown lifts South Africa's Absa PMI in June

By: Reuters     1st July 2020 South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales. The index, which gauges manufacturing activity in Africa's most industrialised economy, rose to 53.9 points in June from 50.2... 

South Africa’s defence electronics sector sees significant acquisition deal

By: Rebecca Campbell     1st July 2020 Local defence company Hensoldt South Africa (Hensoldt SA) has agreed to buy the Defence and Security and Air Traffic Management (ATM) business units of another South African company, Tellumat. The agreement was signed in a virtual ceremony on June 26. It will come into force once all the... 

Covid-19 had ‘significant impact’ on Long4Life’s businesses

By: Simone Liedtke     1st July 2020 The outbreak of the Covid-19 virus and subsequent government prescribed lockdown has had a significant impact on JSE-listed lifestyle investment company Long4Life’s various businesses, CEO Brian Joffe told shareholders during an annual general meeting (AGM) on July 1. The requirement to close all... 

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