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Latest News

Glencore settles most bribery, manipulation investigations

By: Martin Creamer     Updated 3 hours ago Diversified mining and marketing company Glencore on Wednesday announced the settlement of most of its bribery and market manipulation investigations. This follows almost four years of investigations and a serious environmental social and governance (ESG) overhang over the group, 

Premier welcomes local businesses’ participation in Mpumalanga energy summit

By: Yvonne Silaule     25th May 2022 Mpumalanga Premier Refilwe Mtshweni-Tshipane has welcomed the participation of mining companies and other local businesses in the two-day Energy Summit held in the province this week, saying it was important that these companies had joined discussions on how to implement a just energy transition.... 

Joburg to launch IPP electricity procurement in three months

By: Terence Creamer     24th May 2022 The City of Johannesburg will issue a request for proposals (RFP) for the procurement of electricity from independent power producers in three months, Executive Mayor Mpho Phalatse announced in her closing address to the two-day Joburg Energy Indaba. Phalatse said the procurement would be... 

Joburg Skyline

Calgro M3 signs exclusive agreement with Sendoff funeral app

By: Schalk Burger     24th May 2022 JSE-listed property development company Calgro M3 has signed an exclusive agreement with funeral application (app) developer Sendoff, which aims to digitise the experience of arranging and managing funerals. Under the terms of the agreement, Calgro's five memorial parks – three in Gauteng and two... 

De Lille emphasises importance of infrastructure for long-term development 

By: Schalk Burger     24th May 2022 Public Works and Infrastructure Minister Patricia de Lille, during her budget vote speech to Parliament on May 24, emphasised the importance of building and maintaining infrastructure to support national economic development objectives. "Infrastructure is vital for the wellbeing of our... 

Public Works and Infrastructure Minister Patricia de Lille
Public Works and Infrastructure Minister Patricia de Lille

EIMS Africa appoints Khan as projects CEO

By: Donna Slater     24th May 2022 EIMS Africa has appointed Tasneem Khan as its new project CEO for a portfolio of six solar photovoltaic (PV) projects in South Africa. As the former project CFO of the portfolio, she has been managing these projects in a caretaking capacity for the past few months. 

EIMS Africa projects CEO Tasneem Khan
EIMS Africa projects CEO Tasneem Khan

Solar, battery systems recommended for citizens to manage load-shedding, energy costs

By: Tasneem Bulbulia     24th May 2022 With the price of electricity expected to increase further and load-shedding expected to continue over the next five years, South Africans should consider alternative energy sources, online solar platform and marketplace Hohm Energy consultant Matthew Cruise emphasised during a media roundtable... 

By leveraging three resource advantages Mpumalanga can be global just transition ‘flagship’ 

By: Terence Creamer     24th May 2022 Eskom CEO André de Ruyter has highlighted three key resource advantages that he argues could transform the coal province of Mpumalanga into a global “flagship” of the just energy transition. In an address to the Mpumalanga Energy Summit, De Ruyter argued that the province’s skilled human... 

Eskom will begin its just energy transition efforts in earnest at the Komati power station
Eskom will begin its just energy transition efforts in earnest at the Komati power station

Ramaphosa, German Chancellor discuss situation in Ukraine 

By: Marleny Arnoldi     24th May 2022 President Cyril Ramaphosa has reiterated South Africa’s official stance on Russia’s invasion of Ukraine, emphasising that engagement, dialogue and negotiation are key to resolving the conflict. In turn, German Chancellor Olaf Scholz affirmed Germany’s harsher approach, with numerous sanctions... 

German Chancellor Olaf Scholz and President Cyril Ramaphosa during an official visit
President Cyril Ramaphosa and German Chancellor Olaf Scholz shares outcome of bilateral, international discussions

South Africa the fourth-largest fundraiser for blockchain ventures in Africa

By: Schalk Burger     24th May 2022 Private venture capital company Crypto Valley Venture Capital (CV VC) and financial services firm Standard Bank’s inaugural ‘African Blockchain Report’ shows that Nigeria raised $49.6-million for 18 new blockchain ventures in Africa in 2021. The Seychelles raised $33.8-million for four companies,... 

FTI report highlights importance of urgency on energy transition

By: Tasneem Bulbulia     24th May 2022 This year represents a critical inflection point in the way that energy is perceived, and the global systems needed to find, produce, deliver and decarbonise it, a new report by global business advisory firm FTI Consulting emphasises. “Significant, era-defining events are happening all around us,... 

Sakeliga praises economist Schüssler's forthright analyses of economic issues

By: Schalk Burger     24th May 2022 Business organisation Sakeliga has praised economist Mike Schüssler, who passed away this week, for his forthright analyses, through which he sought to steer policy in a better directions and alert business and civil society in general to policy risks. "Schüssler was a guest speaker at Sakeliga... 

Africa new-vehicle sales starting to recover – AAAM 

By: Irma Venter     24th May 2022 Sales of new vehicles in Africa have started to recover from a “disastrous” pandemic-hit 2020, says the African Association of Motor Manufacturers (AAAM). Fresh vehicle sales statistics, compiled for AAAM by the Africa Automotive Data Network for Africa (AADN), show that 2021 sales increased to... 

Image of AAAM CEO David Coffey
David Coffey

New SEW-Eurodrive factory geared towards modular drive development

By: Donna Slater     24th May 2022 Drive systems company SEW-Eurodrive is focusing on localising its modular drive concept for a variety of industrial drive applications for the power generation sector in an effort to meet urgent local needs and harsh conditions with improved lead times. National sales and marketing manager... 

Construction materials miners ready to assist in rebuilding flood-hit KZN infrastructure

By: Donna Slater     24th May 2022 Aspasa, formerly known as the Aggregate and Sand Producers Association of South Africa, reports that miners of building material commodities are standing ready to assist the KwaZulu-Natal provincial government and construction firms to repair roads and essential infrastructure that was damaged in... 

An image of Aspasa director Nico Pienaar
Aspasa director Nico Pienaar

Labour Court scuppers AMSA’s attempts to squash Numsa strike

By: Darren Parker     24th May 2022 The National Union of Metalworkers of South Africa (Numsa) has welcomed the decision of the Labour Court to dismiss the application by steel producer Arcelormittal South Africa (AMSA) to interdict the ongoing national strike at all its plants. Numsa members have been on strike since May 11,... 

NUMSA members striking

First reactor at South Korea’s latest nuclear power plant now functioning

By: Rebecca Campbell     24th May 2022 South Korean company Korea Hydro & Nuclear Power (KHNP) announced on Monday that the first reactor at its latest nuclear power plant (NPP) had achieved criticality for the first time. Unit 1 at the Shin Hanul NPP reached this operational milestone on Sunday. “In the future, Shin Hanul Unit 1... 

The Shin Hanul NPP
Photo by KHNP
The Shin Hanul NPP

Telkom, YES partner to create ICT job opportunities

By: Natasha Odendaal     24th May 2022 Telecommunications group Telkom has partnered with business-driven initiative Youth Employment Service (YES) to provide 499 South African youth access to job opportunities, learn future-fit skills in the ever-growing information and communications technology (ICT) sector and contribute to their... 

Lithium pilot plant in Namibia scheduled for this year – AfriTin 

By: Martin Creamer     24th May 2022 An engineering, procurement and construction management (EPCM) contractor has been appointed to design and construct a lithium pilot processing plant at the Uis mine in Namibia, technology metals mining company AfriTin Mining stated on Tuesday. This follows metallurgical test work results of the... 

AfriTin CEO Anthony Viljoen.
AfriTin CEO Anthony Viljoen.

Well-known economist Mike Schüssler has died

By: News24Wire      24th May 2022 Renowned South African economist Mike Schüssler has died. Gavin Kelly, the CEO of the Road Freight Association, where Schüssler worked as an economist, said on Tuesday morning that he learnt about the death from Schüssler's family. 

Economist Mike Schüssler
Economist Mike Schüssler

Eskom vs municipalities that owe billions: ConCourt to rule on 'human catastrophe'

By: News24Wire      24th May 2022 Eskom has approached the Constitutional Court to argue that it should not be compelled to provide two of South Africa's most indebted municipalities with more electricity than provided for in supply agreements.  The power utility is seeking leave to appeal a high court ruling from August 2020... 

Necsa mourns passing of Dr Namane Magau

By: Schalk Burger     23rd May 2022 The South African Nuclear Energy Corporation (Necsa) on May 23 said it was saddened and devastated at the passing of Human Resource and Ethics subcommittee chairperson Dr Namane Magau, who was also a board member of Necsa subsidiary NTP Radioisotopes, on May 20. "She carried her responsibilities... 

Dr Namane Magau
Dr Namane Magau

Enviro dept provides vehicles to 20 municipalities for integrated waste management

By: Schalk Burger     23rd May 2022 The Department of Forestry, Fisheries and the Environment (DFFE) has provided 24 vehicles to 20 municipalities across the country, at a cost of R44.5-million, to highlight and raise awareness on the amendments to the Municipal Infrastructure Grant policy and to improve waste management in... 

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target 

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

AdobeStock solar pic
South Africa's sun and wind can contribute to crucial job creation.

Boeing competitor for Nasa commercial crew transport successfully docked at space station

By: Rebecca Campbell     23rd May 2022 The Boeing CST-100 Starliner capsule successfully docked with the International Space Station (ISS) at 02h28 South African time on Saturday. Members of the ISS crew opened the Starliner’s hatch at 18h04 South African time, that same day. This marked the conclusion of the first part of the second... 

Willie Lategan to succeed Saks Ntombela as Hollard group CEO

By: Tasneem Bulbulia     23rd May 2022 Insurance company the Hollard Insurance Group announces that Willie Lategan, former Group CFO and currently CEO of Hollard’s short-term insurance arm, will take over from Saks Ntombela as Hollard Group CEO with effect from July 1. This follows on Ntombela’s announcement that he would be leaving... 

An image of incoming Hollard Group CEO Willie Lategan
Willie Lategan

Nedbank arranges R500m sustainability-linked loan for Old Mutual Property

By: Schalk Burger     23rd May 2022 Financial services firm Nedbank Corporate and Investment Banking (CIB) has coordinated, arranged and structured a R500-million sustainability-linked credit facility for Old Mutual Property to encourage increased consumption of renewable energy as a percentage of Old Mutual Property’s total energy... 

Sanral to restart, wrap up adjudication process on cancelled tenders by end September  

By: Irma Venter     23rd May 2022 The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at a media conference in... 

Image of a GFIP road under construction
Sanral chairperson Themba Mhambi talks about the issues identified with the agency's construction bid evaluation process. Video and editing: Kutlwano Matlala

Sunrise Energy reveals significant growth in LPG volumes at terminal

By: Darren Parker     23rd May 2022 Liquefied petroleum gas (LPG) terminal operator Sunrise Energy has revealed its latest data on LPG imported through its independent terminal at Saldanha Bay in the Western Cape. Sunrise operates the LPG import terminal under exclusive concession from the Transnet National Ports Authority,... 

LPG tanks arrive on ship

Joburg aims to partner with IPPs on R26bn electricity investment strategy 

By: Terence Creamer     23rd May 2022 The City of Johannesburg says it plans to partner with independent power producers (IPPs) on a R26-billion electricity investment strategy, which is designed to end load-shedding and place City Power on a more financially and environmentally sustainable footing. The strategy involves a... 

Joburg skyline
Joburg skyline

Sedibeng Water Board disestablishment gains momentum

By: Natasha Odendaal     23rd May 2022 Water and Sanitation Minister Senzo Mchunu has signed off on the gazette to transfer staff, assets and liabilities of the Free State-based Sedibeng Water Board to the Magalies and Bloem water boards. The gazette, published on May 20, is open for public comment for 40 days. 

South African food inflation slowed a little in April, but still heading up

By: Rebecca Campbell     23rd May 2022 South African food (and non-alcoholic beverages) inflation decelerated slightly last month, in both year-on-year (y-o-y) and month-on-month (m-o-m) terms, the Bureau for Food and Agricultural Policy (BFAP) has reported. In its latest Food Inflation Brief, the think tank noted that y-o-y food... 

Barloworld posts solid interim HEPS, but lower BEPS amid Eurasian headwinds

By: Marleny Arnoldi     23rd May 2022 Diversified group Barloworld has delivered a noteworthy increase in group operating profit of 34.7% year-on-year to R2.8-billion for the first six months ended March 31, despite starting to feel the pinch from Eurasian volatilities. The industrial brand-owner plans on paying a 165c apiece... 

ACSA reports high passenger network recovery across all airports

By: Tasneem Bulbulia     23rd May 2022 The aviation sector is showing some promising signs of recovery, following two years of Covid-19 restrictions that severely impacted on the global industry. This year expected to be a year of steady rebound and renewed activity, Airports Company South Africa (ACSA) says. 

Standard Bank opens access to renewable energy for homeowners

By: Darren Parker     23rd May 2022 Financial services company Standard Bank has announced that it is opening access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa through a new Africa-China Trade Solutions (ACTS) renewable energy import... 

Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh
Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh

PwC says South African companies must integrate, internalise ESG for long-term sustainability

By: Schalk Burger     23rd May 2022 The environmental, social and governance (ESG) performance of businesses can have a direct impact on societal wellbeing and University of Oxford Sustainable Finance Programme research shows that an increase in company-level ESG performance can result in a positive effect on a country’s living... 

ESG trends pose potential for Africa’s chemicals sector

By: Tasneem Bulbulia     23rd May 2022 Global trends indicate that the chemicals sector is increasingly being driven by environmental, social and governance (ESG) considerations and that decarbonisation is often a key rationale behind investments and divestments in the sector, except for Africa, where investments understandably lagged... 

'No attempt to disguise' latest incident of sabotage at Eskom power station as another cable is cut

By: News24Wire      23rd May 2022 A cable on Unit 1 at Eskom's Matla Power Station was cut over the weekend in what is now the fourth incident of suspected sabotage at a power station in the past two weeks. News24 understands that on Sunday officials discovered the cut cable, but the 575-megawatt unit had fortunately not tripped... 

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