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Venture capital investments decline amid sociopolitical, economic uncertainties
25th March 2024 By: Sabrina Jardim

Pan-African industry association the African Private Capital Association (Avca) has reported, amid the release of its latest 'Venture Capital in Africa Report', that 2023 was a year of significant... 


The carbon capture pilot plant at the Kelvin power station
Companies unveil Kelvin power station carbon capture pilot project
22nd March 2024 By: Schalk Burger

The 600 MW coal-fired Kelvin power station, in Isando, Ekurhuleni, has installed a 300 m3/h flue gas emissions capturing pilot project, which removes carbon dioxide (CO₂), nitrogen oxides and... 


AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI
22nd March 2024 By: Martin Creamer

Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become... 


A container ship travelling through the Suez Canal
Trade to rebound this year, says Unctad
22nd March 2024 By: Schalk Burger

After declines over several quarters, international trade is poised for a rebound this year, the United Nations Conference on Trade and Development's (Unctad's) latest 'Global Trade Update' states.... 


TrinaTracker launches smart solar tracking in South Africa
22nd March 2024 By: Schalk Burger

Solar tracking development company TrinaTracker showcased and launched its Vanguard 1P solution in South Africa at the 2024 Solar and Storage Live Africa event. The Vanguard 1P is based on the... 


UNDP Weather Kids report on future weather to galvanise action on climate change
22nd March 2024 By: Schalk Burger

The United Nations Development Programme (UNDP) on March 21 launched its Weather Kids campaign globally, which sees child weather anchors emulate current weather reports but report on disruptive... 


Nissan Africa president Joni Vila
Jordi Vila appointed Nissan Africa president
22nd March 2024 By: Schalk Burger

Automotive manufacturer Nissan has appointed Jordi Vila as Nissan Africa president. He currently serves as Nissan Europe sales and marketing divisional VP. Vila will succeed Nissan Africa president... 


Icasa publishes draft call termination amendments for public comment
22nd March 2024 By: Natasha Odendaal

The Independent Communications Authority of South Africa (Icasa) on Friday published the draft amendments to the Call Termination Regulations of 2014 and 2018. Following a review in 2021, and the... 


Image of the Hilux 48 V mild hybrid
Toyota adds Hilux, Fortuner hybrids to its local production line-up
22nd March 2024 By: Irma Venter

Toyota South Africa Motors (TSAM) has added the Hilux double-cab and Fortuner 48 V mild hybrids to its local production line-up at its Durban plant in KwaZulu-Natal. The addition of the new models... 


ArcelorMittal South Africa appoints Gavin Griffiths CFO
22nd March 2024 By: Schalk Burger

JSE-listed steel producer ArcelorMittal South Africa has appointed Gavin Griffiths CFO and executive director from April 1. Griffiths is currently the company's chief strategy officer but has been... 


Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.
$10-billion Namibian green hydrogen project receives major German boost
22nd March 2024 By: Martin Creamer

Namibia’s first gigawatt scale green hydrogen project – the $10-billion Hyphen development scheme – this week received a major boost from Germany. The boost came in the form of the German... 


water bubbles
SQM supports water treatment startup with initial $1.27m investment
22nd March 2024 By: Darren Parker

UK-based engineering tech startup Salinity Solutions has secured a $1.27-million initial investment from battery-grade lithium chemicals producer Sociedad Quimica y Minera de Chile’s (SQM’s)... 


Telkom sheds Swiftnet in R6.75bn deal
22nd March 2024 By: Natasha Odendaal

Information and communication technology group Telkom has sold its masts and towers infrastructure subsidiary Swiftnet for R6.75-billion to consortium Towerco Bidco. The newly incorporated entity... 


Magazine round up | 22 March 2024
Magazine round up | 22 March 2024
22nd March 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Tribunal says it confirms settlement agreement with furniture removal companies
20th March 2024 By: Sabrina Jardim

The Competition Tribunal reports that furniture removal companies Stuttafords Van Lines and Pickfords Removals SA have admitted to involvement in a furniture removal cartel and agreed to pay an... 


TNPA boosts energy hub status in the Port of Richards Bay
20th March 2024 By: Sabrina Jardim

State-owned Transnet National Port Authority’s (TNPA’s) Port of Richards Bay is set to become a key hub for energy trade through the provision of bulk infrastructure to two sites located at the... 


President Cyril Ramaphosa
Competition Commission to tackle economic concentration by large companies, Ramaphosa promises
20th March 2024 By: Darren Parker

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic... 


Pepkor to list on A2X
20th March 2024 By: Tasneem Bulbulia

Retailer Pepkor Holdings has been approved for a secondary listing on A2X Markets, with its shares to be available for trade on the exchange from April 2. Pepkor Holdings is listed on the JSE and... 


An SAA-branded aircraft on a runway
Public Enterprises Committee refers SAA takeover matter to SIU for investigation
20th March 2024 By: Marleny Arnoldi

The Portfolio Committee on Public Enterprises has decided to refer the matter of the Takatso Consortium’s now-cancelled plans to buy a 51% stake in South African Airways (SAA) to the Special... 


Rail
Transnet chief urges formal comment on Network Statement while acknowledging cool reception to tariff methodology
20th March 2024 By: Terence Creamer

Transnet CEO Michelle Phillips has acknowledged the initial negative reaction to a proposed tariff methodology published for comment by the interim Infrastructure Manager (IM) alongside the... 


Image of the Zandvliet Waste Water Treatment Works
Cape Town completes R2bn Zandvliet Waste Water Treatment Works upgrade
20th March 2024 By: Irma Venter

The upgraded Zandvliet Waste Water Treatment Works has been handed over by the contractor to Cape Town Mayor Geordin Hill-Lewis. Contractors in the city are not named to protect them from extortion... 


Cape Town City pleased with developments at Cape Town International Airport
20th March 2024 By: Rebecca Campbell

City of Cape Town Economic Growth MMC Alderman James Vos has congratulated the State-owned Airports Company South Africa (ACSA) for its investment programme for Cape Town International Airport... 


South Africa needs more black billionaires – Matona
20th March 2024 By: Darren Parker

Broad-Based Black Economic Empowerment Commissioner Tshediso Matona has said it is necessary to “dispel the myth” that black industrialist multimillionaires or billionaires should not exist because... 


Float CEO Alex Forsyth-Thompson.
Fintech startup secures funding from Standard Bank
20th March 2024 By: Sabrina Jardim

Financial services firm Standard Bank has provided an $11-million facility to financial technology (fintech) startup company Float which will use the funds for the ongoing rollout of its... 


Image of the new MyCiTi depots, located on the corner of Spine Road and Mew Way between Khayelitsha and Mitchells Plain
Cape Town’s MyCiTi Spine Road depot construction 65% complete
20th March 2024 By: Irma Venter

The City of Cape Town (CoCT) says construction work on two new MyCiTi depots, located on the corner of Spine Road and Mew Way between Khayelitsha and Mitchells Plain, is now 65% complete. City... 


Wind and solar farms
Independent power producer body rejects an IRP that ‘plans to fail’
20th March 2024 By: Terence Creamer

The South African Independent Power Producer Association (SAIPPA) has added its voice to a growing chorus of opposition to the draft Integrated Resource Plan 2023 (IRP 2023), the comment deadline... 


Zambezi river flow recedes amid reduced rainfall, El Niño
20th March 2024 By: Sabrina Jardim

The river flows at Chavuma gauging station, the first gauging station located in the North-Western province of Zambia and which measures river flows as the Zambezi river enters Zambia from Angola,... 


An image of transmission towers
The NUM expresses opposition to changes in the Electricity Regulation Act
20th March 2024 By: Tasneem Bulbulia

Labour union the National Union of Mineworkers (NUM) has expressed its opposition to the changes in the Electricity Regulation Act (ERA). “This is a way to destroy Eskom and hand it over to the... 


South Africa needs to upgrade its air cargo and related infrastructures
20th March 2024 By: Rebecca Campbell

South Africa is beginning to fall behind other African countries, when it comes to being a centre for air cargo, Swissport South Africa CEO Khangi Khoza has warned. She was delivering a keynote... 


Consumers
South Africa consumer inflation rises in February
20th March 2024 By: Reuters

South Africa's consumer inflation ticked up for the second month in a row in February, moving closer to the central bank's upper target, which economists say could mean a longer wait for rate cuts... 


Rand
South African rand flat ahead of inflation, retail sales data
20th March 2024 By: Reuters

South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales data that could provide clues on the health of the local economy. At 0452 GMT, the rand traded at... 


Thungela launches fish breeding facility in Mpumalanga
Thungela launches fish breeding facility in Mpumalanga
20th March 2024

Coal producer and exporter Thungela in February launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga, to mitigate some of the impacts of an uncontrolled release of... 


IRP 2023 comment deadline fast approaching
IRP 2023 comment deadline fast approaching
20th March 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the fast-approaching deadline for public comment on the draft Integrated Resource Plan of 2023 and stakeholders' likely reaction. 


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