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Audio Articles

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

Collaboration seen as key as SA moves to position for 4IR epoch

South Africa’s long-term growth outlook remains weak, warns Moody’s 

By: Simone Liedtke     16th May 2019 With South Africa’s sixth democratic election having run its course, ratings agency Moody’s expects the country’s new government, once formed, to put forward not just steady policies, but also to continue tackling the country’s main challenges, namely low growth, steadily rising debt, leveraged... 

South Africa’s long-term growth outlook remains weak, warns Moody’s

New skills needed for people to succeed in the 4IR workplace 

By: Marleny Arnoldi     16th May 2019 As the world continues to evolve and adapt to the Fourth Industrial Revolution (4IR), education is no longer the only requirement for success in the workplace. Skills such as communication, learning, attitude and emotional intelligence have also become important, economist Mike Schüssler said... 

Economist Mike Schussler
Economist Mike Schussler

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission 

By: African News Agency      16th May 2019 Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest rate swaps. Mahomedy told the commission... 

Transnet acting CE Mohammed Mahomedy
Photo by Creamer Media's Dylan Slater
Transnet acting CE Mohammed Mahomedy

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants 

By: Terence Creamer     15th May 2019 Industry has reacted positively to revelations that Energy Minister Jeff Radebe has written to the National Energy Regulator of South Africa (Nersa) indicating that it should begin to license small-scale embedded generation (SSEG) projects with capacities of above 1 MW. Business Day reported on... 

Positive reaction to Radebe’s lifting of licence restraints on small-scale power plants

Rescue practitioners expect proceeds of R709m from initial Group Five disposals 

By: Terence Creamer     15th May 2019 Business rescue practitioners (BRPs) at construction firm Group Five reported on Wednesday that the disposal of stakes in three companies, together with sale of plant, assets and property, is expected to yield proceeds of R709-million. Group Five’s shares were suspended in March after the company... 

Rescue practitioners expect proceeds of R709m from initial Group Five disposals

Ramaphosa says to speed up economic reforms, fix Eskom 

By: Reuters     15th May 2019 President Cyril Ramaphosa said on Wednesday that he would use a new five-year term to speed up economic reforms and fix ailing state power firm Eskom, a week after his African National Congress party was re-elected with a reduced majority. Analysts have said reforms like cutting red tape and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

Eunomix CEO Claude Baissac (right) with Mining Weekly Online's Martin Creamer
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Release of updated IRP imminent, says Radebe, as he allays coal producers' fears  

By: Kim Cloete     14th May 2019 Energy Minister Jeff Radebe has promised that the update of the Integrated Resource Plan, which reflects the government’s policy blueprint for the power sector, will be concluded "very shortly". He told delegates attending the African Utility Week and PowerGEN Africa forum, in Cape Town, on... 

Energy Minister Jeff Radebe
Photo by Bloomberg
Energy Minister Jeff Radebe

South African nuclear corporation CEO axed  

By: Rebecca Campbell     14th May 2019 South African Nuclear Energy Corporation (Necsa) CEO Phumzile Tshelane has been dismissed from his post and removed from the State-owned organisation’s board. This was announced on Tuesday by Energy Minister Jeff Radebe in a short press release. The decision was made because of the serious... 

Jeff Radebe
Photo by Creamer Media
Jeff Radebe

Global energy investment out of step with security of supply, climate needs  

By: Terence Creamer     14th May 2019 A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report,... 

IEA executive director Fatih Birol
IEA executive director Fatih Birol

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique 

By: Terence Creamer     13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC 

By: Reuters     13th May 2019 Anadarko Petroleum said on Monday that a unit it jointly owns which markets gas from Mozambique has signed a long-term deal to supply liquefied natural gas to Japan's JERA and Taiwan's CPC. This is its first long-term deal to be announced since the US independent energy group said late last week... 

Anadarko says to supply Mozambique LNG to Japan's JERA, Taiwan's CPC

Ramaphosa's hard choice: a Cabinet to lift the South African economy   

By: Bloomberg     13th May 2019 South African President Cyril Ramaphosa’s triumph in guiding his African National Congress to a sixth straight election victory has left him with an even more formidable challenge: to pick a cabinet that can dismantle a shadow state of corruption and revive the flagging economy. His window of... 

President Cyril Ramaphosa
Photo by Creamer Media's Dylan Slater
President Cyril Ramaphosa

Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis  

By: Terence Creamer     10th May 2019 The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financial recovery plan for the State-owned entity.... 

Eskom task team mulling new debt-relief options as it comes to terms with depth of crisis

Denel announces latest phase of its offset programme to Malaysia 

By: Rebecca Campbell     10th May 2019 South Africa’s State-owned defence industrial group Denel announced on Friday that its tenth and last offset project for Malaysia, being provided in return for the Asian country’s order for armoured gun turrets and integrated weapons systems for armoured fighting vehicles (AFVs), was launched... 

A Denel LCT-30 turret, armed with a GI-30 30 mm cannon, mounted on a South African Badger infantry fighting vehicle
Photo by Denel
A Denel LCT-30 turret, armed with a GI-30 30 mm cannon, mounted on a South African Badger infantry fighting vehicle

Mahindra South Africa unveils comprehensive farming equipment range  

By: Irma Venter     10th May 2019 Mahindra has opened its fourth business in South Africa. The India-based conglomerate will now add farming equipment to its product line-up in the domestic market, along with vehicles, generators and construction equipment. 

Mahindra has entered the farming equipment business in South Africa
Mahindra has entered the farming equipment business in South Africa

March manufacturing output better than expected 

By: Mariaan Webb     9th May 2019 South Africa’s manufacturing output is continuing on a positive trend, with March output increasing by 1.2% year-on-year, beating market expectations of a contraction of 0.2%. The largest positive contributions were made by energy-intensive industries, which commentators say is surprising, given... 

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures 

By: Terence Creamer     9th May 2019 Diversified forests products group Sappi is warning of lower full-year earnings, owing to ongoing market weakness for graphic paper, as well as near-term pricing and volume pressures for its expanding dissolving wood pulp business. The company reported a decline second-quarter profit to... 

Sappi says dissolving wood pulp prospects remain strong despite near-term pressures

Local vehicle production expected to grow by 6.2% in 2019 

By: Irma Venter     9th May 2019 South Africa’s vehicle production is expected to expand by 6.2% in 2019, to roughly 648 000 units, compared with 2018, says the National Association of Automobile Manufacturers of South Africa in its latest quarterly business review. South Africa made up 0.64% of global new vehicle production in... 

Local vehicle production expected to grow by 6.2% in 2019

South Africa’s energy transition won’t be ‘just’ in absence of inclusive social dialogue  

By: Terence Creamer     7th May 2019 South African Federation of Trade Unions general-secretary Zwelinzima Vavi has called for urgent social dialogue on South Africa’s “inevitable” energy transition from coal to renewable energy, warning that the country’s current framework will fail to deliver a just outcome for workers and poor... 

Saftu general-secretary Zwelinzima Vavi
Photo by Creamer Media
Saftu general-secretary Zwelinzima Vavi

Eberhard calls for renewables to play a far greater role in South Africa 

By: Kim Cloete     7th May 2019 Energy expert Anton Eberhard has called for renewable energy to play a far greater role in South Africa, adding that solar and wind energy had saved the country from what could have been a far darker place during the recent spate of load-shedding. “Independent power producers have mitigated... 

Anton Eberhard
Photo by Creamer Media
Anton Eberhard

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls  

By: Terence Creamer     6th May 2019 The International Energy Agency has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018, which, at 180 GW, remained in line with additions recorded in 2017. It was the first time since 2001 that year-on-year additions of renewable energy failed to... 

IEA says world cannot ‘press pause’ on renewables, as capacity growth stalls

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds 

By: Simone Liedtke     6th May 2019 French integrated oil and gas company Total has reached a binding agreement with Occidental Petroleum to acquire Anadarko’s assets in Africa for $8.8-billion in the event of the successful completion of Occidental’s takeover bid for Anadarko. The transaction hinges on Occidental entering into and... 

Total to buy Anadarko’s Africa assets for $8.8bn if Occidental bid succeeds

South African private sector activity grows in April as electricity crunch eases – PMI 

By: Reuters     6th May 2019 Activity in South Africa's private sector grew in April, a survey showed on Monday, with easing electricity blackouts off-setting a slide in businesses selling prices as they continued to struggle with weak demand. IHS Markit's Purchasing Managers' Index jumped to 50.3 in April from 48.8 in... 

South African private sector activity grows in April as electricity crunch eases – PMI

MTN appoints Jonas chairperson designate, establishes international advisory board 

By: Natasha Odendaal     3rd May 2019 JSE-listed telecommunications giant MTN Group has established an international advisory board (IAB), led by political and business heavyweights. The group also plans on effecting an “evolution of the board”, with former Finance Minister Mcebisi Jonas appointed chairperson designate, as it enters... 

Mcebisi Jonas
Photo by Creamer Media
Mcebisi Jonas

Intellidex market research forecasts ANC will win with 57% of votes 

By: Marleny Arnoldi     3rd May 2019 Markets believe there is only a one-third chance of growth-boosting reform after the elections and that there is a 75% probability of President Cyril Ramaphosa remaining in his seat until 2022, at least, according to financial services research house Intellidex. Overall, the market anticipated... 

Intellidex market research forecasts ANC will win with 57% of votes

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans  

By: Nadine James     3rd May 2019 The Albertina Sisulu Corridor – which links the Johannesburg central business district, OR Tambo International Airport and Pretoria – is benefitting from the establishment of public-private partnerships and infrastrucutre investments, designed to facilitate the implementation of the 30-year... 

Ekurhuleni Aerotropolis core to Albertina Sisulu Corridor development plans

Seifsa welcomes PMI increase to 47.2 in April 

By: Marleny Arnoldi     2nd May 2019 The Steel and Engineering Industries Federation of Southern Africa has welcomed the increase in the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) for April. Chief economist Dr Michael Ade said the rebounding indicator was encouraging for production processes. The PMI data for April... 

Seifsa chief economist Dr Michael Ade
Photo by Creamer Media
Seifsa chief economist Dr Michael Ade

April new-vehicle sales rise by 0.7%, exports by nearly 54% – Naamsa 

By: Marleny Arnoldi     2nd May 2019 The National Association of Automobile Manufacturers of South Africa on Thursday reported that the latest new-vehicle sales reflected a “welcome surprise” on the upside, with export sales continuing to perform “exceptionally” well. “Exports sales had registered strong growth, reflecting a... 

April new-vehicle sales rise by 0.7%, exports by nearly 54% – Naamsa

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

New acting Transnet CEO Mohammed Mahomedy
Photo by Creamer Media's Dylan Slater
New acting Transnet CEO Mohammed Mahomedy

NUM calls for reskilling of Eskom workers to equip them for clean-energy jobs  

By: Terence Creamer     30th April 2019 The National Union of Mineworkers (NUM) has called for greater attention to be given to the reskilling of Eskom workers “so that they can be absorbed” into clean-energy technology work opportunities. In a statement released following a meeting of its national executive committee in Gauteng, the... 

NUM calls for reskilling of Eskom workers to equip them for clean-energy jobs

Nedbank reports ‘overwhelmingly positive’ response to pioneering renewable-energy bond 

By: Terence Creamer     30th April 2019 Financial services group Nedbank reported an “overwhelmingly positive” market response on Tuesday to its pioneering listing of a renewable-energy bond on the Green Bond Segment of the JSE. Nedbank became the first South African bank to list such an instrument on the bourse’s platform, which was... 

Bruce Stewart (holding Vuvuzela) at the listing on April 30 of the Nedbank Renewable Energy Bond
Bruce Stewart (holding Vuvuzela) at the listing on April 30 of the Nedbank Renewable Energy Bond

SAA agrees debt rollover deal in principle – CEO 

By: Reuters     30th April 2019 State-owned South African Airways has reached an agreement in principle with lenders to roll over $642-million of debt, its CEO said on Tuesday, giving him room to execute a turnaround aimed at weaning the airline off government bailouts. President Cyril Ramaphosa has made a point of supporting... 

SAA agrees debt rollover deal in principle – CEO

KZN floods cause damage of over R1bn, province wants disaster declared 

By: News24Wire      29th April 2019 The cost of damage to various parts of KwaZulu-Natal following last week's heavy rains and localised flooding has run into billions of rand, Premier Willies Mchunu said on Monday. "The estimated damage currently stands at R1.1-billion, with the eThekwini damage alone estimated at over... 

KZN floods cause damage of over R1bn, province wants disaster declared

Zambia sets sights on yet more solar as another 34 MW is connected to grid 

By: Terence Creamer     29th April 2019 The 34 MW Ngonye solar photovoltaic plant, in Zambia, has been connected to the country’s grid and has started operations. Once fully up and running, the facility is expected to produce about 70 GWh of electricity yearly and help the Southern African country diversify its power mix away from its... 

Zambia sets sights on yet more solar as another 34 MW is connected to grid

Sugar industry advised to diversify product offering, enter niche product markets 

By: Marleny Arnoldi     29th April 2019 Trade and Industry Minister Dr Rob Davies and the South African Cane Growers Association have agreed that increases in sugar imports in South Africa have an unavoidable impact on the competitiveness of the local sugar industry and that certain measures were necessary to restore its... 

Sugar industry advised to diversify product offering, enter niche product markets
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