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Covid-19

BLSA’s Mavuso encourages accountability, delivery to improve business outlook

By: Simone Liedtke     14th September 2020 Business Leadership South Africa (BLSA) CEO Busi Mavuso on September 14 emphasised the importance of accountability and delivery thereafter, particularly as the country continues to work towards driving the economic recovery after the Covid-19 crisis. While encouraged by President Cyril... 

Economy to shrink by more than government's 7% forecast in 2020 – Mboweni

By: Reuters     14th September 2020 South Africa's economy will likely contract this year by more than the 7% previously forecast by the Treasury, Finance Minister Tito Mboweni said in an opinion piece published on Sunday. Gross domestic product shrunk by a record 51% in the second quarter, its fourth quarterly contraction in a... 

Economy to shrink by more than government's 7% forecast in 2020 – Mboweni
Finance Minister Tito Mboweni

UIF delays Covid-19 TERS payments to address AGSA audit findings

By: Tasneem Bulbulia     11th September 2020 The payments for the new and outstanding applications for the Covid-19 Temporary Employer/Employee Relief Scheme (TERS) relief benefits has been halted while the Department of Employment and Labour and the Unemployment Insurance Fund (UIF) improve controls as urged by the Auditor General of South... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

Tourism sector appealing to govt to reopen borders

By: Simone Liedtke     11th September 2020 Adding its weight to the call for urgently lifting restrictions to save South Africa’s economy is the tourism sector, which was among the first and hardest hit by the lockdown measures instituted in the State of Disaster. The second-quarter gross domestic product (GDP) contraction indicates the... 

Tourism sector appealing to govt to reopen borders

Dube-Ncube to inspect Margate Airport renovations

By: Sane Dhlamini     11th September 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube will visit Margate on Saturday to inspect R10-million worth of renovations at the Margate Airport as the country observes Tourism Month. Dube-Ncube will be accompanied by KwaZulu-Natal Transport, Community... 

Dube-Ncube to inspect Margate Airport renovations
KZN MEC for Economic Development, Tourism and Environmental Affairs, Nomusa Dube-Ncube

Opinion: Building back better on food and agriculture

11th September 2020 In this opinion piece, United Nations Food and Agriculture Organisation (FAO) director-general QU Dongyu writes about a comprehensive response and recovery programme to overcome the impacts of Covid-19 through up-scaled and robust international collaboration. As the impacts of Covid-19 take their... 

Opinion: Building back better on food and agriculture

Battery metals to boom despite widespread Covid-19 disruption

By: Donna Slater     11th September 2020 Battery metals, which are used in modern energy efficient electrical products, are playing an increasingly important role in climate change mitigation and the shift towards a lower carbon-intensive future. Battery metals, including lithium, vanadium, copper, cobalt, nickel, lead and graphite are... 

Battery metals to boom despite widespread Covid-19 disruption

Aspen achieves strong cash flow despite tough conditions

By: Tasneem Bulbulia     10th September 2020 JSE-listed Aspen Pharmacare increased its revenue by 9% to R38.6-billion for the financial year ended  June 30, while normalised earnings before interest, taxes, depreciation and amortisation increased by 7% to R11-billion for the period. The higher revenue was supported by growth from Commercial... 

Balwin expects up to 60% decrease in earnings

By: Tasneem Bulbulia     10th September 2020 JSE-listed Balwin Properties’ results for the six month period ended August 31 were impacted by the unprecedented and evolving market conditions brought about by the coronavirus pandemic. Consolidated earnings a share and headline earnings a share for the period are, therefore, expected to... 

Mantashe says Nersa’s concurrence with determination opens way for procurement of 11 813 MW of new power 

By: Terence Creamer     10th September 2020 Mineral Resources and Energy Minister Gwede Mantashe reported on Thursday the National Energy Regulator of South Africa (Nersa) had provided its concurrence to a Section 34 Ministerial Determination, issued in February, which opened the way for the procurement of  11 813 MW of new electricity... 

Mantashe says Nersa’s concurrence with determination opens way for procurement of 11 813 MW of new power
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Air transport body calls for start to planning for distribution of Covid-19 vaccines

By: Rebecca Campbell     10th September 2020 The International Air Transport Association (Iata) – the representative body of the global airline industry – has urged governments to start planning now for the distribution of Covid-19 vaccines, when they become available. This planning should include the air transport sector as well as other... 

Air transport body calls for start to planning for distribution of Covid-19 vaccines
Photo by Iata
Alexandre de Juniac

DUT, Ithala sign MoU to boost KZN economy

By: Sane Dhlamini     10th September 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has applauded the recent memorandum of understanding (MoU) between her department’s Ithala Development Finance Corporation and the Durban University of Technology (DUT). The signing, according to... 

DUT, Ithala sign MoU to boost KZN economy
KZN MEC for Economic Development, Tourism And Environmental Affairs, Nomusa Dube-Ncube

Seifsa joins forces with Leon Viljoen to support SMEs

By: Tasneem Bulbulia     9th September 2020 Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has partnered with manufacturing industry veteran Leon Viljoen to provide support, guidance and advice to small and medium-sized enterprises (SMEs) to help them run successful and sustainable... 

Growthpoint posts solid result despite difficult operating environment

By: Tasneem Bulbulia     9th September 2020 JSE-listed Growthpoint Properties achieved a 5.4% growth in revenue and R5.5-billion in distributable income for the full year to June 30. Taking additional new shares issued during the period into account, this translates to distributable income per share of 183.1c, which is 16% lower year-on-year. 

Growthpoint posts solid result despite difficult operating environment
Norbert Sasse

Investors see South Africa cutting rates again after GDP plunge 

By: Reuters     9th September 2020 Investors have upped bets on more interest rate cuts by South Africa's central bank after a historic contraction in the economy during the second quarter, when coronavirus lockdown measures curtailed activity. The South African Reserve Bank has slashed rates by 300 basis points over the course of... 

Investors see South Africa cutting rates again after GDP plunge

B4SA welcomes TERS extension

By: Donna Slater     9th September 2020 Business for South Africa (B4SA) has welcomed Labour Minister Thulas Nxesi’s decision to further extend the Temporary Employer/Employee Relief Scheme (TERS), operated by the Unemployment Insurance Fund (UIF), to September 15. Earlier in September, Nxesi said that with the lockdown for some... 

RMB/BER business confidence index rebounds in line with eased Covid-19 restrictions

By: Donna Slater     9th September 2020 After falling from 18 to an all-time low of five in the second quarter, the Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) business confidence index (BCI) rebounded to 24 in the third quarter. However, the BER states that, from such a low base, when the strictest of the Alert Level... 

BLSA calls for lifting of all restrictions on economic activity 

By: Tasneem Bulbulia     9th September 2020 The severe contraction in South Africa’s gross domestic product (GDP) in the second quarter of the year was expected, but still "paints a horrific picture" of the damage done to the economy by the lockdown restrictions, says industry organisation Business Leadership South Africa (BLSA). BLSA... 

Infrastructure projects fail when procurement is pursued administratively rather than strategically 

By: Terence Creamer     9th September 2020 An analysis of public infrastructure delivery in South Africa, prepared for consideration by the National Planning Commission (NPC), identifies the quality of procurement and client-delivery management as the main differentiators between those projects that have succeeded in recent years and... 

Infrastructure projects fail when procurement is pursued administratively rather than strategically

Tourism body calls for reopening of borders

By: Tasneem Bulbulia     8th September 2020 Tourism has the potential to reignite South Africa’s ailing economy, but to do so, it requires more than support from South Africans, not least government giving the green light for reopening the country's borders, says umbrella body the Tourism Business Council of South Africa (TBCSA). Citing... 

Automotive training programme resumes

By: Tasneem Bulbulia     8th September 2020 The Eastern Cape Development Corporation (ECDC), in partnership with automotive sector enterprise development company Filpro, has resumed its R2-million support programme aimed at growing the competitiveness of 137 informal automotive mechanics in Mdantsane, outside East London. Launched in July... 

Commenters call for an end to lockdown as second-quarter GDP contracts sharply 

By: Tasneem Bulbulia     8th September 2020 South Africa’s real gross domestic product (GDP) decreased by just over 16% between the first and second quarters, resulting in an annualised growth rate of ‑51%. This has extended the economic recession into its fourth quarter. 

Prize potentially large in platinum fuel cell and hydrogen growth – prof   

By: Martin Creamer     8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... 

Prize potentially large in platinum fuel cell and hydrogen growth – prof
Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

British and African researchers to work on Covid-19-related projects funded by the UK

By: Rebecca Campbell     8th September 2020 The UK has allocated £7.2-million to fund 20 new research projects to help poor countries deal with the effects of the Covid-19 pandemic on their most vulnerable populations, including children and refugees. The countries concerned are in Africa and Asia (including the Middle East) and the... 

140 UK, KwaZulu-Natal companies to participate in online trade mission

By: Yvonne Silaule     8th September 2020 About 140 companies from the UK and KwaZulu-Natal will be participating in a virtual online trade mission, which will be led by Tourism and Environmental Affairs MEC Nomusa Dube-Ncube. “Following the onset of Covid-19 and the limitations on international travel, the department has embarked on an... 

Port of PE weathers Covid-19 to support bumper fruit season

By: Tasneem Bulbulia     8th September 2020 In the midst of the record citrus export season, Transnet National Ports Authority’s (TNPA's) Nelson Mandela Bay ports have successfully complemented the Port of Cape Town, which was negatively affected by Covid-19, TNPA says. Apart from handling the citrus fruit at the Port of Port Elizabeth’s... 

Port of PE weathers Covid-19 to support bumper fruit season
Sujit Bhagattjee

Defy lauded for innovative locally-made ventilator

By: Marleny Arnoldi     8th September 2020 Appliance manufacturer Defy has been internationally recognised for its role in a project to provide innovative life-saving ventilators. The ventilators are designed and manufactured by South African engineers.  

Defy lauded for innovative locally-made ventilator
Defy's Impilo ventilator

New Seychelles airline to launch as cargo carrier, due to pandemic

By: Rebecca Campbell     8th September 2020 Private-sector start-up airline Seychelles International Airways (SIA) has announced that it will commence operations on September 10 as a cargo-only carrier, because of the Covid-19 pandemic. It will initiate its services with a four-engined Airbus A340-600, it announced in a press conference,... 

Covid-19 TERS payments extended until September 15 

By: Tasneem Bulbulia     8th September 2020 Following negotiations at the National Economic Development and Labour Council and the signing of the direction to that effect by Employment and Labour Minister Thulas Nxesi, the Covid-19 Temporary Employer/Employee Relief Scheme has been extended until September 15. “With the lockdown for some... 

Covid-19 TERS payments extended until September 15
Photo by Creamer Media
Employment and Labour Minister Thulas Nxesi

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC

By: Martin Creamer     8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... 

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC
Green hydrogen in approved country strategies.

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC

By: Martin Creamer     8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... 

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC
WPIC's Trevor Raymond

EIUG appoints Mondi as new CEO 

By: Terence Creamer     7th September 2020 The Energy Intensive Users Group (EIUG), whose mining and manufacturing members account for over 40% of the electrical energy consumed in South Africa, announced the appointment of Fanele Mondi as its new CEO. Prior to joining the EIUG, Mondi worked at Eskom for over 23 years, 12 years of which... 

EIUG appoints Mondi as new CEO
Fanele Mondi

Sapema talks respiratory legalities for manufacturers, procuring companies

By: Marleny Arnoldi     7th September 2020 Selecting the correct respirator is crucial for the correct protection level depending on what hazards one is exposed to. Ensuring that you choose the correct supplier or distributor for your respiratory products is now also more important now ever because of the Covid-19 pandemic, the Southern... 

Eskom launches new ‘system status’ portal in bid to begin bolstering transparency 

By: Terence Creamer     7th September 2020 South Africa’s electricity utility Eskom has added a new page to its website through which it is providing information relating to the status and performance of the power system, including the use of load-shedding as a mechanism to stabilise the national electricity grid. The webpage, which bears... 

Eskom launches new ‘system status’ portal in bid to begin bolstering transparency

Proper ventilation a key tool to prevent the spread of Covid-19 

By: Simone Liedtke     7th September 2020 Indoor ventilation is an important tool to prevent the viral transmission of the Covid-19 virus when correctly applied. Conversely, poor ventilation promotes viral transmission, Engen industrial hygiene specialist Garth Hunter warned during the South African Institute of Occupational Safety and... 

Proper ventilation a key tool to prevent the spread of Covid-19
Two specialists discuss the importance of proper ventilation as a tool to prevent the viral transmission of Covid-19. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Possible special dividend on high-flying rhodium, palladium prices – Sylvania 

By: Martin Creamer     7th September 2020 High-flying rhodium and palladium prices are giving rise to a possible special dividend being paid to the shareholders of cash-flush Sylvania Platinum, the London Aim-quoted company that recovers platinum group metals from chrome tailings. The board of the company, which benefits from sizeable... 

Possible special dividend on high-flying rhodium, palladium prices – Sylvania
Sylvania Platinum CEO Jaco Prinsloo
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