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Independent grid and market operator ‘required’ to attract much-needed generation investment – De Ruyter

By: Terence Creamer 15th October 2020 Eskom CEO Andre de Ruyter has drawn a direct link between securing the investment required to address South Africa’s growth-sapping electricity supply gaps – including some R100-billion to further develop the grid in ways to unlock what will be mostly private generation investment – and the... →

Ramaphosa promises rapid power roll-out, but two-year timeframe for solving crisis ambitious

By: Terence Creamer 15th October 2020 President Cyril Ramaphosa listed the rapid expansion of South Africa’s electricity generation, primarily through the building of additional renewable-energy capacity, as a key priority in government’s long-waited ‘Reconstruction and Recovery Plan’, which he unveiled in Parliament on Thursday. The... →

President Cyril Ramaphosa

Decline in global steel demand to be less than expected -Worldsteel

By: Reuters 15th October 2020 The coronavirus-related decline in global steel demand this year will be less than expected at 2.4% after a buoyant recovery in China, the World Steel Association (WSA) said on Thursday. The industry group made a downward revision to its June forecast of a 6.4% decline this year after heavy... →

Infrastructure, industrial growth central to Economic Reconstruction and Recovery Plan

By: Simone Liedtke 15th October 2020 President Cyril Ramaphosa has earmarked infrastructure development as one of the first and most important parts of the country’s Economic Reconstruction and Recovery Plan. Considering that infrastructure has the immense potential to stimulate investment and growth to develop other economic... →

Mining committed to doing all it takes to improve worker health – Matlala

By: Martin Creamer 15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... →

Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Index shows improved resilience in Africa’s financial markets

By: Simone Liedtke 15th October 2020 Despite disruption from the Covid-19 pandemic, financial markets in Africa are proving to be robust, with countries like South Africa and Mauritius leading the way, newly released data out of the 2020 edition of the Absa Financial Markets Index shows. The index, which was launched in 2017, has... →

OMFIF chief economist and research head Danae Kyriakopoulou gives a quick overview of the report. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Sanlam Investments partners with Robeco to enhance sustainable investing

By: Tasneem Bulbulia 15th October 2020 Investment company Sanlam Investments has partnered with international asset manager Robeco to enhance and cement its commitment to sustainable investment practices and, in turn, revitalise its purpose and create fresh impact, the company says in a statement. Robeco boasts sustainable investing... →

Mondi continues to ‘demonstrate resilience’ in tough year

By: Simone Liedtke 15th October 2020 In spite of an uncertain macroeconomic outlook, paper and packaging group Mondi is confident that the group “will continue to demonstrate its resilience” while remaining well-positioned for when recovery takes place. Underpinned by the company’s integrated high-quality, cost-advantaged asset base... →

Seifsa announces award finalists

By: Tasneem Bulbulia 15th October 2020 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has announced the finalists for the sixth edition of its Awards for Excellence. The awards promote and reward innovation and excellence in the metals and engineering sector. →

South Africa becoming a major international business outsourcing destination

By: Tasneem Bulbulia 15th October 2020 Government and private sector efforts to build digital skills capacity among South Africa’s youth over the past five years are bearing fruit, says nonprofit organisation Business Process Enabling South Africa (BPESA). CEO Andy Searle says these initiatives, along with several other factors, have... →

Ramaphosa unveils infrastructure, jobs plan after Covid-19 hit

By: Reuters 15th October 2020 South Africa will roll out a big infrastructure spending programme and large-scale employment stimulus to revive an economy that was ailing even before the coronavirus crisis, President Cyril Ramaphosa said on Thursday. Unveiling a Covid-19 economic recovery plan in parliament, Ramaphosa said the... →

President Cyril Ramaphosa

Airlink to resume services between Johannesburg and Windhoek

By: Rebecca Campbell 15th October 2020 South African private-sector domestic and regional airline Airlink has announced that it will launch direct flights between Johannesburg and Windhoek (the capital of Namibia) on October 26. This follows the commencement, earlier this week, of flights between Cape Town and Windhoek and between... →

Photo by Airlink
One of Airlink’s flagship Embraer E190 airliners

Sanral says RRM project creates opportunities for Koster SMMEs

By: Tasneem Bulbulia 15th October 2020 The South African National Roads Agency Limited (Sanral) convened its flagship ‘Taking Sanral to the People’ stakeholder engagement session in Koster, North West, to foster dialogue with small, medium-sized and microenterprises (SMMEs), community members and civil society. Unpacking key projects... →

Sanral's ‘Taking Sanral to the People’ stakeholder engagement session

Standard Bank continues to increase exposure to renewables, move away from coal

By: Marleny Arnoldi 15th October 2020 Standard Bank has released its interim Task Force on Climate-related Financial Disclosures report, highlighting that environmental, social and governance aspects remain at the centre of the bank’s agenda of driving sustainable and inclusive growth in Africa. Sustainability head Wendy Dobson... →

DTIC approves R50m for Phase 1 revitalisation of Dimbaza industrial park

By: Yvonne Silaule 15th October 2020 The Department of Trade, Industry and Competition has approved R50-million for the first phase of the revitalisation of the Dimbaza industrial park, in the Eastern Cape, as part of the process of the National Revitalisation of Industrial Parks Programme. The revitalisation work includes the... →

Buses, trains shunned in favour of cars, taxis, reveals Gauteng travel survey

By: Irma Venter 15th October 2020 Low capacity transport modes, such as minibus taxis and private cars, have become the backbone of the transport network in the Gauteng province, as opposed to high-capacity modes, such as rail and buses. This is one of the main findings of the 2019/20 Gauteng Household Transport Survey (GHTS),... →

Africa’s economic recovery lies in agriculture – minister

By: African News Agency 15th October 2020 South African Minister of Agriculture, Land Reform and Rural Development Thoko Didiza said on Thursday that the agricultural sector should be at the centre of the country’s and Africa’s economic recovery post-Covid-19. Didiza was speaking during a virtual address, commemorating rural women in... →

Minister of Agriculture, Land Reform and Rural Development Thoko Didiza

Kibo appoints new executive director

By: Simone Liedtke 15th October 2020 Aim-listed Kibo Energy has appointed Christiaan Schutte executive director, with responsibility for capital projects. Schutte has extensive and varied experience in the energy development field. He worked for South African State-owned power utility Eskom for almost three decades, with the last... →

South African project receives international energy award

By: Tasneem Bulbulia 15th October 2020 South African energy efficiency initiative, the Industrial Energy Efficiency (IEE) project has won the highest international accolade for an energy programme – the International Energy Project of the Year, awarded by the global Association of Energy Engineers (AEE). The award was accepted by... →

Alf Hartzenburg receives the South African Energy Project of the Year award

Uber launches medicines delivery service in South Africa

By: Reuters 15th October 2020 Uber Eats' South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-growing online shopping sector in Africa's most industrialised economy. Uber Eats, a unit of US ride-hailing service Uber... →

Robots can play vital role in Covid-19 fight

By: Donna Slater 15th October 2020 Robots have seen increased use during Covid-19, especially within the human assistance role in the healthcare sector, according to panellists who spoke during the SingularityU South Africa Summit 2020 on October 14. Nigeria-based robot company Reach Robots CEO Silas Adekunle and Denmark-based... →

Department urges users to continue saving water as dam levels stabilise

By: Tasneem Bulbulia 15th October 2020 The Department of Water and Sanitation (DWS) has called on Gauteng residents to continue saving water, despite some small dams in the province being in a stable state, according to this week’s ‘State of Reservoirs’ report issued published by the department. The provincial water storage is... →

Airlink announces agreement with Qatar Airways and new route to Mozambique

By: Rebecca Campbell 15th October 2020 South African private-sector airline Airlink has signed an interline agreement with major intercontinental airline Qatar Airways. This will establish seamless connectivity between the two carriers, giving Airlink customers access to Qatar’s global network and Qatar’s passengers access to... →

Gautrain, Numsa settle wage dispute

By: Simone Liedtke 15th October 2020 Gautrain and the National Union of Metalworkers of South Africa (Numsa) have signed a wage proposal made by the Bombela Operating Company (BOC), who manages the Gautrain, effectively ending the strike that started on October 5. The standard Gautrain train service will resume on October 16, while... →

World Bank avails more funding for global Covid response

By: Simone Liedtke 15th October 2020 Some of the latest economic and poverty data from international institution, the World Bank, shows that “desperate inequality” is being caused by the Covid-19 pandemic and the subsequent economic shutdowns, which have led to recessions in various countries. While the recessions in advanced... →

SEW-Eurodrive breaks ground on new South African head office, factory

15th October 2020 Drive and control technologies specialist SEW-Eurodrive on October 1 started construction on its new R200-million head office and factory in Aeroton, Johannesburg. →

SEW-Eurodrive breaks ground on new South African head office, factory

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande

By: Martin Creamer 15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... →

Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Famous Brands' British burger chain GBK enters administration

By: Reuters 14th October 2020 British-based restaurant chain Gourmet Burger Kitchen (GBK) has entered administration, South African owner Famous Brands said on Wednesday, becoming the latest victim of brutal trading conditions in the face of Covid-19. Administrators have been appointed and have assumed control of GBK and its... →

Academia, industry must be involved for railway concessions to be successful, says NMU associate

By: Simone Liedtke 14th October 2020 The ensure the success of railway concessions, Nelson Mandela University Infrastructure Development and Engagement Unit (ID&EU) associate Bongani Mankewu says government “must fathom the significant role to be played by academia and the industry”. He explains that the inception of concessioning... →

Airbus wins contract to help develop European lunar lander spacecraft

By: Rebecca Campbell 14th October 2020 Europe-based global major aerospace group Airbus has been chosen by the European Space Agency (ESA) as one of two prime contractors to develop the concept of a large and multirole lunar logistical lander. Officially known as the European Large Logistic Lander (EL3), this spacecraft is intended to... →

Photo by Airbus
An artist’s impression of an EL3 on the lunar surface

ABB lauds Zurich, Ghana universities’ engineering scholarship programme

By: Marleny Arnoldi 14th October 2020 Global technology company ABB has expressed its support for the launch of an engineering scholarship programme for Africa. ETH Zurich, in Switzerland, and Ashesi University, in Ghana, are working with ABB and other Swiss multinationals Barry Callebaut, Bühler, LafargeHolcim and Nestlé to ensure... →

Civil engineering council now has over 1 500 members

By: Simone Liedtke 14th October 2020 Another 373 firms have registered for membership of the Bargaining Council for the Civil Engineering Industry (BCCEI), meaning that “companies in the civil engineering sector continue to recognise the value” of the council, says BCCEI general secretary Kevin Moodley. This brought the total number... →

BCCEI general secretary Kevin Moodley

Hulamin's performance continues to improve

By: Simone Liedtke 14th October 2020 Order books in all operations for aluminium supplier Hulamin have continued to improve throughout the third quarter of the 2020 financial year, and are approaching “normal levels”, the company reported on October 14. The company also confirmed that orders for beverage can products, heat-treated... →

Airlink restores aerial connectivity between South Africa and Zambia

By: Rebecca Campbell 14th October 2020 South African private sector airline Airlink has resumed scheduled air services between Johannesburg and the Zambian cities of Lusaka and Ndola. This marks the aerial reconnection of the two countries, following lockdowns caused by the Covid-19 pandemic. The flights between Johannesburg and the... →

Landmark court judgment enhances Eskom's collection efforts

By: Marleny Arnoldi 14th October 2020 The South Gauteng High Court has affirmed Eskom’s right to interrupt, or terminate, electricity supply to nonpaying customers. The case was brought against Eskom by Pioneer Foods, in which the packaged goods company sought to review and set aside Eskom’s decision in 2018 to interrupt... →

Cartrack reports profit growth, despite Covid-19 disrupting its growth ambitions

By: Irma Venter 14th October 2020 Covid-19 was like getting a puncture when you are driving really fast on the highway, says Cartrack CEO Zak Calisto. “We were ready to grow in the 2021 financial year, and we still got growth, but not quite what we anticipated, or what we had planned for, but our economies of scale allowed us to... →

Zak Calisto

Paramount to expand air adversary offering in the US

By: Donna Slater 14th October 2020 Aerospace systems company Paramount Aerospace Systems USA (PAS USA) reports that it will “significantly expand” its maintenance, repair and overhaul (MRO) services and training support for the Mirage F1 fighter jet fleet operated by US military contractors that provide adversary training for the... →

Some of the Mirage F1's employed in the US in air adversary roles for war game's training

Mbalula comments on transport month, Madidi bridge launch

By: Marleny Arnoldi 14th October 2020 The South African National Roads Agency Limited (Sanral) has completed its works on the Madidi Bridge, in Madibeng, North West. Transport Minister Fikile Mbabula attended the opening of the 50-m-long Madidi bridge, which was built over the Sand river to serve as a link between the Phasha and... →

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