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Audio Articles

Fund helps South African universities unlock benefits of homegrown IP 

By: Donna Slater     25th November 2020 Since its inception in February, the University Technology Fund (UTF) has approved six investments. Technology and innovation incubated in South Africa’s universities is, as a result, being commercialised and a step closer to commercialisation, creating significant economic, investment and job... 

Fund helps South African universities unlock benefits of homegrown IP
SA SME Fund CEO Ketso Gordhan

Nersa to host public hearing on Gold Fields' South Deep solar plant application 

By: Marleny Arnoldi     25th November 2020 NYSE- and JSE-listed Gold Fields’ South Deep mining operation has lodged an application with the National Energy Regulator of South Africa (Nersa) for an electricity generation licence for a proposed 40 MW solar photovoltaic plant at the mine, in Westonaria. Nersa has advised that a public... 

Nersa to host public hearing on Gold Fields' South Deep solar plant application
South Deep mine

Only an uptick in building, manufacturing activity can sustain this quarter’s higher BCI  

By: Marleny Arnoldi     25th November 2020 The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) has notched up to 40 in the fourth quarter, from 24 in the third quarter. However, the BER questions the sustainability of maintaining business confidence at this level.  

Eskom’s turnaround strategy to bear first fruit in April 2021 

By: Donna Slater     24th November 2020 Eskom CEO André de Ruyter says progress is being made in the unbundling of the utility and that “by April [2021], we should see a change”. He noted that the negative impact of load-shedding on the economy is well known and it is something that Eskom wishes to put behind it as quickly as possible.  

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed 

By: Terence Creamer     24th November 2020 Eskom CEO Andre de Ruyter has again called on government to open the way for the procurement of more new electricity capacity in addition to the 11 800 MW outlined in a recently gazetted Ministerial determination, cautioning that the 1 500 MW of new coal included in the determination is unlikely... 

De Ruyter calls for upscaling of power procurement plans as he questions whether coal IPP will proceed
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Downgrades deal blow to economic recovery plan 

By: Marleny Arnoldi     23rd November 2020 The latest sovereign ratings downgrades imposed on South Africa have dealt a blow to the country's economic recovery plan and should spur government into action to address the issues raised by Moody’s and Fitch. Responding to the news that Moody's and Fitch have pushed South Africa's credit... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination 

By: Terence Creamer     23rd November 2020 The National Energy Regulator of South Africa (Nersa) has given stakeholders until February 5 to comment on a Section 34 determination received from Minerals Resources and Energy Minister Gwede Mantashe for the procurement of new nuclear capacity post-2030. The draft determination delivered to... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination

Sasol shareholders back JV with LyondellBasell for US project 

By: Reuters     20th November 2020 South Africa's Sasol said on Friday shareholders have approved a proposed agreement to form a joint venture with chemical company LyondellBasell Industries at its US Lake Charles Chemicals Project in a bid to pay down debt. LyondellBasell agreed last month to acquire a 50% stake of Sasol's base... 

Sasol shareholders back JV with LyondellBasell for US project

Car-buying patterns shifting on the back of Covid-19, says AutoTrader 

By: Irma Venter     20th November 2020 The South African automotive landscape – especially when it comes to consumer buying behaviour – has changed more in the last year than in the last few decades, says AutoTrader CEO George Mienie. Accordingly, the industry has had to adapt like never before in order to survive and prosper during... 

Car-buying patterns shifting on the back of Covid-19, says AutoTrader

uYilo founding member of the Global Sustainable Mobility Partnership 

By: Irma Venter     20th November 2020 South African national e-mobility programme, uYilo, has announced that it is a founding partner of the Global Sustainable Mobility Partnership (GSMP).  The GSMP is a network of independent, not-for-profit organisations with experience in implementing low and zero-emission mobility.  

World Bank says ‘flagship’ Eskom battery scheme to open way for private investment in the technology 

By: Terence Creamer     19th November 2020 The World Bank reports that Eskom’s large-scale battery energy storage initiative, which will involve the installation of  battery energy storage systems (BESS) across up to eight sites, is being treated as a “flagship” initiative by the global development finance institution, which has committed... 

World Bank says ‘flagship’ Eskom battery scheme to open way for private investment in the technology
The Skaapvlei site, with the Sere wind farm in the background

Nissan to set up new assembly facility in Ghana with Japan Motors 

By: Irma Venter     19th November 2020 Nissan has appointed Japan Motors Trading as its local partner in setting up a new vehicle assembly facility in Accra, Ghana. The appointment flows from a 2018 memorandum of understanding signed between Nissan and the government of Ghana. 

Nissan to set up new assembly facility in Ghana with Japan Motors
The new Nissan Navara

NADA calls on Transport Minister to address licensing department backlogs 

By: Irma Venter     19th November 2020 The National Automobile Dealers’ Association (NADA) has written an open letter to Transport Minister Fikile Mbalula, urging him to address backlogs at licensing departments countrywide. The association says that “extensive administrative delays in document turnaround times and vital operational... 

NADA calls on Transport Minister to address licensing department backlogs

Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid  

By: Terence Creamer     18th November 2020 President Cyril Ramaphosa used the platform of the third South Africa Investment Conference to underline the country’s potential to act a gateway to the African market, as he sought to reignite investor interest in an economy that has been underperforming for more than a decade and has been... 

Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Five years before economy may return to pre-Covid levels, says Absa’s Gable    

By: Irma Venter     18th November 2020 It will, most likely, take half a decade before the South African economy returns to the level it was at the end of 2019, says Absa chief economist Jeff Gable. “And 2019 was a miserable year for South Africa – the economy grew barely 0.5%. On top of that we weren’t doing great in the previous... 

Five years before economy may return to pre-Covid levels, says Absa’s Gable  
Jeff Gable

More than 60 power firms signal intention to bid into ‘emergency’ scheme – IPP Office 

By: Terence Creamer     17th November 2020 South Africa’s Independent Power Producer (IPP) Office reported on Tuesday that more than 60 respondents had signalled their intention, by the October 31 deadline for doing so, to participate in the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), through which... 

More than 60 power firms signal intention to bid into ‘emergency’ scheme – IPP Office
Photo by Creamer Media's Donna Slater
IPP Office CEO Tshifhiwa Bernard Magoro

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near 

By: Terence Creamer     17th November 2020 State-owned power utility Eskom expects to complete its socioeconomic impact studies by the end of March for the planned shutdown of the Grootvlei, Komati and Hendrina power stations, in Mpumalanga, which are the first of ten coal plants scheduled for decommissioning by 2040. The decommissioning... 

Eskom moves to finalise just energy transition framework as shutdown of Grootvlei, Komati and Hendrina draws near

WBHO sees plunge in profit as Covid-19, loss-making projects take toll 

By: Irma Venter     17th November 2020 Wilson Bayly Holmes-Ovcon (WBHO) on Tuesday reported a massive turnaround in fortunes from 12 months ago when it boasted R513-million in operating profit for the year ended June 30, to a position where it suffered an operating loss of R585-million. Group CEO Wolfgang Neff cited the main reasons... 

WBHO sees plunge in profit as Covid-19, loss-making projects take toll

Municipalities have integrated 282 MW of embedded power and see benefits in embracing transition 

By: Terence Creamer     16th November 2020 A total of 29 South African municipalities have already approved tariff frameworks for small-scale embedded generation (SSEG), with 282 MW of mostly rooftop solar capacity having be formally integrated into municipal networks, the South African Local Government Association (Salga) reports. The... 

Municipalities have integrated 282 MW of embedded power and see benefits in embracing transition

South African-made MellowVan ready for global rollout in 2021 

By: Irma Venter     16th November 2020 The South African conceived and developed MellowVan will enter commercial production next year, says MellowCabs founder Neil du Preez. The electric three-wheeler, aimed at the last-mile delivery market, is currently the subject of a number of advanced large-scale proof-of-concept projects with... 

South African-made MellowVan ready for global rollout in 2021
The MellowVan

Solar roll-out at Ford start of project to be 100% energy self-sufficient by 2024 

By: Irma Venter     13th November 2020 The Ford Motor Company of Southern Africa (FMCSA) has kicked off a 13.5 MW, R135-million solar-energy project at its Silverton assembly plant, in Pretoria. The project forms part of a larger programme to develop an integrated renewable energy solution for the facility, with the aim to be entirely... 

Solar roll-out at Ford start of project to be 100% energy self-sufficient by 2024

Global Water Partnership Southern Africa teams up with DBSA to realise water projects 

By: Marleny Arnoldi     13th November 2020 The Global Water Partnership Southern Africa (GWPSA) and the Development Bank of Southern Africa (DBSA) have signed a memorandum of understanding (MoU) that seeks to promote investment and collaboration for water and sanitation projects in the Southern Africa region. The MoU was signed by... 

Hard-hit construction sector pins recovery hopes on infrastructure plan 

By: Natasha Odendaal     13th November 2020 South Africa’s construction industry ground to a halt on March 27, as the nation entered a hard lockdown that would last weeks, in response to the global Covid-19 pandemic which spurred governments worldwide to impose emergency restrictions. Six months later, the industry is starting to get back... 

Hard-hit construction sector pins recovery hopes on infrastructure plan

Gibela confident of meeting 2029 deadline 

By: Irma Venter     12th November 2020 Train-maker Gibela is confident it can meet the terms of its R51-billion contract to deliver 600 newly-built train sets to the Passenger Rail Agency of South Africa (PRASA) by 2029, despite the impact of Covid-19, says CEO Hector Danisa. Gibela in 2013 signed a R51-billion contract to supply... 

Gibela confident of meeting 2029 deadline
Hector Danisa

Unemployment rate jumps to 30.8% in Q3 

By: Reuters     12th November 2020 South Africa's unemployment rate jumped to 30.8% in the third quarter from 23.3% in the second quarter, the country's statistics agency said on Thursday. The unemployment rate was artificially low in the second quarter because the statistics agency only classifies people as unemployed if they are... 

Unemployment rate jumps to 30.8% in Q3

Bushveld nears construction of solar plant at Vametco mine  

By: Marleny Arnoldi     11th November 2020 Aim-listed Bushveld Minerals continues to progress with the hybrid minigrid project being developed at the Vametco vanadium mine, near Brits, on the Western Limb of the Bushveld Complex in South Africa. The project comprises 3.5 MW of solar photovoltaic (PV) generation and 4 MWh of vanadium... 

Bushveld nears construction of solar plant at Vametco mine
Bushveld's Vametco mine will see built a 3.5 MW solar photovoltaic and storage plant

Sasol pins low-carbon ‘reset’ hopes on gas, renewables and green hydrogen  

By: Terence Creamer     11th November 2020 Energy and chemicals group Sasol, which is coming under increasing pressure to reduce its carbon emissions, reports that climate change is now “front and centre” in its unfolding ‘strategic reset’, which will involve a transition away from coal to gas, renewable energy and green hydrogen. In... 

Sasol pins low-carbon ‘reset’ hopes on gas, renewables and green hydrogen
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Absa considers a combined solar, EV finance package, should domestic market grow  

By: Irma Venter     11th November 2020 Absa is mulling the roll-out of a finance mechanism for electric vehicles (EVs) that will incorporate a solar home installation to charge that vehicle, says Absa Vehicle and Asset Finance (AVAF) business analytics and strategy head Henry Botha. However, before that can happen, South Africa’s EV... 

Absa considers a combined solar, EV finance package, should domestic market grow
Henry Botha

Absa wraps up its taxi assistance programme, leaves door open for affected operators 

By: Irma Venter     10th November 2020 The payment relief programme to assist minibus taxi owners with vehicle repayments through the Covid-19 lockdown period has just come to an end, says Absa Vehicle and Asset Finance (AVAF) head of dealer relationships for the Gauteng and Limpopo region, Fulufhelo Mandane, with Absa now considering... 

Absa wraps up its taxi assistance programme, leaves door open for affected operators

Renewables display Covid immunity with record 2020 and strong outlook 

By: Terence Creamer     10th November 2020 New additions of renewable-energy capacity worldwide will increase to a record level of almost 200 GW this year, shrugging off the demand slump that accompanied the Covid-19 crisis and which negatively affected the demand for fossil fuels. In addition, a new International Energy Agency (IEA)... 

Renewables display Covid immunity with record 2020 and strong outlook

Nersa to consider nuclear-determination consultation request at upcoming meeting  

By: Terence Creamer     10th November 2020 The National Energy Regulator of South Africa’s (Nersa’s) electricity subcommittee (ELS) will consider a request for consultation on concurrence with a Section 34 Ministerial determination for the procurement of 2 500 MW of nuclear capacity when it meets on Wednesday November 11. Fulltime member... 

Nersa to consider nuclear-determination consultation request at upcoming meeting
Fulltime member of the regulator for electricity regulation Nhlanhla Gumede

Business weighs in on public wage bill saying downward adjustments now urgent to avoid debt crisis  

By: Terence Creamer     9th November 2020 Organised business has made an aggressive intervention into the highly sensitive debate on South Africa’s public sector wage bill, arguing that payroll costs are too high, rising too quickly and are not being supported by commensurate productivity gains. Business is, thus, calling for an urgent... 

Business weighs in on public wage bill saying downward adjustments now urgent to avoid debt crisis
Photo by Creamer Media
BUSA CEO Cas Coovadia

Motus launches its own digital vehicle marketplace 

By: Irma Venter     9th November 2020 The JSE-listed Motus group has launched its own digital vehicle marketplace, called motus.cars. This platform ties together all the Motus business entities in one digital location, with the aim to provide a simplified online shopping experience.  

Motus launches its own digital vehicle marketplace

South Africa aims to nail down R664bn in investment pledges at Nov gathering amid Covid-19 ‘shock’ 

By: Terence Creamer     9th November 2020 The third yearly South Africa Investment Conference (SAIC), which will take place on November 17 and 18, will focus primarily on ensuring the investment pledges of R664-billion made in 2018 and 2019 are not derailed by the Covid-19 pandemic. Government also intends using the platform to... 

South Africa aims to nail down R664bn in investment pledges at Nov gathering amid Covid-19 ‘shock’
Trade, Industry and Competition Minister Ebrahim Patel

South Africa needs SMEs in its journey towards e-mobility 

By: Simone Liedtke     6th November 2020 The electric mobility (e-mobility) industry cannot be advanced without the help of local small and medium-sized enterprises and their participation in the sector, uYilo e-Mobility Programme director Hiten Parmar said on November 6. Speaking during the virtual Battery Technologies Webinar, on... 

Battery metals beneficiation holds ‘enormous potential’ for South Africa 

By: Simone Liedtke     6th November 2020 There is “enormous potential” for South Africa, should the country pursue green industrialisation and its manufacturing sector invest in the beneficiation of battery metals and the manufacture of various green products, such as electric vehicles (EVs), Department of Trade, Industry and... 

Suzuki keeps on growing as it breaks through the 2 000-unit-a-month barrier 

By: Irma Venter     6th November 2020 Suzuki Auto South Africa (SASA) sales have broken through the 2 000-unit-a-month barrier. The local arm of the Japanese small-car specialist started selling vehicles in South Africa in June, 2008. 

Suzuki keeps on growing as it breaks through the 2 000-unit-a-month barrier

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern  

By: Terence Creamer     5th November 2020 State-owned electricity utility Eskom argued on Thursday that it required additional revenue of R23-billion for the upcoming financial year to remain a going concern and told the National Energy Regulator of South Africa (Nersa) that further tariff increases, beyond the 5.22% already approved for... 

Eskom says it needs R23bn more from tariffs in 2021 to remain a going concern
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