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Latest News

Circular economy to be promoted through new waste strategy − Creecy 

By: Donna Slater     14th September 2020 Environment, Forestry and Fisheries Minister Barbara Creecy says South Africa has aligned policy and strategy with the circular economy concept. This follows shortly after Cabinet's approval of the National Waste Management Strategy 2020 (NWMS).  

SA Express employees form entity to bid for takeover of the airline

By: Marleny Arnoldi     14th September 2020 Employees of embattled State-owned airline South African Express Airways (SA Express) have taken initiative to incorporate a special purpose vehicle (SPV) as an acquiring entity to bid for the airline. The SPV will be owned by a public limited company, Fly SAX, with the employees as owners.  

SA Express employees form entity to bid for takeover of the airline

Electric car racing series announces cyber protection deal

By: Irma Venter     14th September 2020 Airspeeder, which aims to be the world’s first electric flying car racing series, has announced a technical and strategic partnership with cyber protection specialist Acronis. The deal will see the racing series, created by Australian performance electric flying car manufacturer, Alauda, receive... 

Electric car racing series announces cyber protection deal

Agribusiness Confidence Index rebounds to 51 in third quarter

By: Marleny Arnoldi     14th September 2020 The Agbiz/Industrial Development Corporation Agribusiness Confidence Index rebounded to 51 in the third quarter. This follows a deterioration to 39 in the second quarter, a period which had heightened uncertainty about whether the agriculture and agribusiness sectors would operate efficiently,... 

Omnia's mining division celebrates record-breaking achievements

By: Simone Liedtke     14th September 2020 Diversified chemicals group Omnia Holdings is celebrating several record-breaking achievements across Protea Mining Chemicals and BME, which together form the group’s mining division. Protea Mining Chemicals became the first in its field, globally, to develop a solution that helps copper and... 

Platinum group metals patenting their way into battery EV space 

By: Martin Creamer     14th September 2020 Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day last Wednesday was that platinum was on its way into battery electric vehicles as a battery metal. “If you're a great EV... 

Platinum group metals patenting their way into battery EV space
Platinum Group Metals CEO R Michael Jones

DMRE targeting December for initiation of fifth renewables bid window 

By: Terence Creamer     14th September 2020 The Department of Mineral Resources and Energy (DMRE) has clarified that it is aiming to release bid documentation for the so-called fifth bid window (BW5) of South Africa’s renewable-energy procurement programme in December, following receipt of the regulator’s concurrence with a Ministerial... 

DMRE targeting December for initiation of fifth renewables bid window

Astral Foods ‘cautiously satisfied’ with earnings for the year

By: Simone Liedtke     14th September 2020 Poultry producer Astral Foods has indicated that its earnings a share and headline earnings a share for the year ending September 30, are expected to be down by no more than 25% on the comparative period’s reported results. Astral CEO Chris Schutte on September 14 said Astral was “cautiously... 

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... 

Government approaches climate change action from all angles

By: Marleny Arnoldi     14th September 2020 Cabinet last week approved three key actions that will contribute to an environment that is healthy for all South Africans and able to contribute effectively to sustainable economic development and job creation, says the Department of Environment, Forestry and Fisheries (DEFF). These actions... 

Government approaches climate change action from all angles

City of Johannesburg resumes free WiFi hotspots roll-out

By: Natasha Odendaal     14th September 2020 The City of Johannesburg has relaunched its free Joburg WiFi hotspots roll-out project after four years. Digital inequality continues to be high in the city with at least 50% of people in Johannesburg and 80% of residents in informal settlements still without access to the Internet. 

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... 

In-house-developed idler increases mine throughput, product longevity

By: Donna Slater     11th September 2020 The development of a South African-made conveyor belt idler has resulted in diversified miner Exxaro Resources increasing throughput at its Grootegeluk mine through one of its conveyor load points from 800 t/d to 3 000 t/d, says conveyor products manufacturer Brelko US and Africa manager Brent... 

Panel provides insight, advice for young engineering professionals

By: Tasneem Bulbulia     11th September 2020 Young engineers entering the workplace must learn the necessary skills to adapt to the workplace and transition from education to practical application, panellists noted during a webinar held as part of the Electra Mining Africa 2020 Connect virtual event, for which Creamer Media’s Engineering... 

Female and male leopards hunt at different times of the day, research has discovered

By: Rebecca Campbell     11th September 2020 Research conducted in Tanzania has established that, unexpectedly, female and male leopards are active at different times of the day. The work was conducted by Natural History Museum of Denmark researcher Rasmus W Havøller in the dense rainforest-covered Udzungwa Mountains. As the area is... 

JSE introduces ETFs to help investors meet ESG objectives

By: Tasneem Bulbulia     11th September 2020 The JSE has introduced the Satrix MSCI World Environmental, Social and Governance (ESG) Enhanced exchange-trade fund (ETF) and the Satrix MSCI Emerging Markets ESG Enhanced ETF. The Satrix MSCI World ESG Enhanced ETF and Satrix MSCI Emerging Markets ESG Enhanced ETF give investors the opportunity... 

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.

TIPS says GDP has recovered greatly since April

By: Marleny Arnoldi     11th September 2020 In a latest Real Economy Bulletin, Trade & Industrial Policy Strategies (TIPS) finds that gross domestic product (GDP) has bounced back significantly since May, following the hard lockdown imposed in April. While GDP shrank by 16% in the second quarter of the year, seasonally adjusted but not... 

Stanfra Trading launches first South African-made 100 mm quarter-turn segmented ball valve

By: Donna Slater     11th September 2020 Launched on September 10 during the Electra Mining Africa 2020 Connect virtual event, machining manufacturer Stanfra Trading showcased its new fully South African 100 mm quarter-turn ball valve. Stanfra Trading CEO Francois Marais states that this type of valve is the first to be produced in... 

Locally produced hot water innovation reduces household energy costs

By: Donna Slater     11th September 2020 Using heat pump systems manufacturer EMS Holdings’ domestic 200 ℓ integrated heat pump system can save households between 60% and 70% of their monthly electricity costs as it uses home-grown efficient technology. EMS Holdings CEO Franco Diedericks, speaking during this year's Electra Mining... 

Puleng to offer buguroo behavioural biometric solution to South African banking clients

By: Schalk Burger     11th September 2020 Local user, data and cybersecurity architectures company Puleng Technologies has partnered with Madrid-based online fraud prevention specialist multinational buguroo to reduce the impact of online bank fraud in South Africa. Puleng Technologies will offer and support buguroo’s behavioural... 

Maynier urges urgent Gazetting of determination for new power projects 

By: Terence Creamer     11th September 2020 The Western Cape government has urged Mineral Resources and Energy Minister Gwede Mantashe to urgently Gazette the final Section 34 Ministerial determination that would open the way for the procurement of 11 813 MW of new electricity capacity. The call came as government's Political Task Team on... 

Maynier urges urgent Gazetting of determination for new power projects
Western Cape Finance and Economic Opportunities Minister David Maynier

Airbus signs agreements with partners to develop aircraft fuel-saving concept

By: Rebecca Campbell     11th September 2020 Europe-based global major aerospace group Airbus has signed agreements with two airlines and three air navigation service providers (ANSPs) to determine the operational feasibility of the manufacturer’s ‘fello’fly’ aviation emissions reduction demonstration project. The airlines are French low... 

Airbus signs agreements with partners to develop aircraft fuel-saving concept

Govt wants to accelerate localisation plan for textiles, footwear

By: Irma Venter     11th September 2020 Stakeholders in the clothing, textile, footwear and leather (CTFL) industry have committed to working more closely together to identify opportunities to deepen localisation and bolster production in the sector.   This was a key outcome of a meeting of the executive oversight committee (EOC)... 

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

One year later and still no clarity on e-tolls, says Outa 

By: Irma Venter     11th September 2020 Cabinet’s failure to make a decision on a funding mechanism for Gauteng’s freeways is affecting long-term road planning and allows the South African National Roads Agency Limited (Sanral) to avoid responsibility for an incoherent e-toll collection strategy, says the Organisation Undoing Tax Abuse... 

One year later and still no clarity on e-tolls, says Outa

Local manufacturing needs support to fulfil potential, panellists say  

By: Tasneem Bulbulia     11th September 2020 Local manufacturing had the potential to support South Africa's economic recovery, but this required addressing a myriad of challenges, panellists said during a South African Capital Equipment Export Council webinar on September 10. The webinar was held as part of this year's Electra Mining... 

Local manufacturing needs support to fulfil potential, panellists say
CZ Electronics executive chairperson Oupa Magashula outlines some of the challenges facing the local manufacturers; while Department of Trade Industry and Competition Export Promotion Africa Trade Invest Africa chief director John Rocha calls for African investment to boost the country’s manufacturing capabilities.

CSP towers’ impact on birdlife lower than expected, can be reduced

By: Marleny Arnoldi     11th September 2020 A study conducted by Stellenbosch University’s Faculty of AgriSciences has found that the 50 MW Khi Solar One facility, near Upington, is impacting on the surrounding bird life, but not to the extent expected. It is also possible to reduce the impact that concentrating solar power (CSP) towers... 

CSP towers’ impact on birdlife lower than expected, can be reduced
Khi Solar One plant, in Upington

Renewable-energy masterplan process advancing

By: Creamer Media Reporter      11th September 2020 Work on  the South African Renewable Energy Masterplan (SAREM) is officially under way, with the first industry working group meeting having taken place on August 26. SAREM is one of 14 industry specific masterplans being developed under the Department of Trade, Industry and Competition (DTIC’s)... 

Renewable-energy masterplan process advancing

Afrox manages healthy dividend, profit despite lower demand in H1 

By: Marleny Arnoldi     11th September 2020 Gas supplier African Oxygen (Afrox) has declared a dividend of 38c a share for the six months ended June 30. It also posted earnings before interest and taxes (Ebit) of R336-million and basic earnings a share of 77.8c.  

Afrox manages healthy dividend, profit despite lower demand in H1
Afrox's executives discuss its performance for the six months ended June 30

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

Ford improves efficiency at Silverton plant with new wheel and tyre facility 

By: Irma Venter     11th September 2020 Ford Motor Company of Southern Africa (FMCSA) has upgraded the wheel and tyre facility at its Silverton assembly plant, in Pretoria. The plant produces the Ranger pickup and Everest sports-utility vehicle for the domestic market, as well as more than 100 export markets. 

Ford improves efficiency at Silverton plant with new wheel and tyre facility
The new wheel and tyre facility at Ford's Silverton plant

Medupi conveyor belt repaired

By: Marleny Arnoldi     11th September 2020 State-owned power utility Eskom says the conveyor belt that feeds coal into the Medupi generation units, which failed on the evening of September 9, has been repaired and is back in service. This has lowered the risk of load-shedding. However, while no load-shedding is planned for now, Eskom says... 

Medupi conveyor belt repaired

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

Significant potential exists for local capital equipment exporters

By: Donna Slater     10th September 2020 South African Capital Equipment Exporters Council (Saceec) director and CEO Eric Bruggeman has pointed out that South African capital equipment exporters had exported R178-billion worth of capital equipment during 2019. Saceec members accounted for about R50-billion, or just under 30%, of that... 

Significant potential exists for local capital equipment exporters

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... 

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