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Latest News

Masterplan to position South Africa as ‘globally significant’ renewables manufacturer 

By: Terence Creamer     8th June 2021 Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena reports that government intends using the South African Renewable Energy Masterplan (SAREM), which is currently being drafted, to position the country as a “globally significant” producer of inputs used in... 

CDC provides Absa with $50m microfinance risk sharing facility for MSMEs in Africa

By: Schalk Burger     8th June 2021 UK development finance institution CDC Group on June 8 announced a $50-million risk-sharing facility with Absa Bank, which increases Absa's capacity to offer financing solutions to micro-, small- and medium-sized enterprises (MSMEs) and households across sub-Saharan Africa through microfinance... 

First-quarter GDP up 4.6% 

By: Donna Slater     8th June 2021 South Africa’s gross domestic product (GDP) increased at a yearly rate of 4.6% during the first quarter of 2021, reports Statistics South Africa (Stats SA). The mining and quarrying sectors combined grew by 18.1%, contributing 1.2 percentage points to the overall GDP figure, while the... 

First-quarter GDP up 4.6%

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

Mining firms with higher ESG ratings outperform market – PwC
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Aspasa helps compile new material specifications for road builders

By: Simone Liedtke     8th June 2021 Surface mining industry association the Aggregate and Sand Producers Association of Southern Africa (Aspasa) has partnered with the Committee of Transport Officials (Coto) and other role-players to hammer out standards for different types of materials to be used on South African roads. This will... 

Aspasa helps compile new material specifications for road builders
Barry Pearce

Steenhuisen slams water department as dams supplying Nelson Mandela Bay drop to 11%

By: News24Wire      8th June 2021 Democratic Alliance leader John Steenhuisen has ripped into the department of water and sanitation, demanding answers on how it plans to keep the taps running in the Eastern Cape amid declining dam levels. In a whirlwind oversight visit to Kouga Dam in the Kouga Local municipality on Monday,... 

Steenhuisen slams water department as dams supplying Nelson Mandela Bay drop to 11%
Photo by Creamer Media
DA leader John Steenhuisen

'RAF has recorded a R3.2bn surplus for first time in decades' – Mbalula

By: News24Wire      8th June 2021 Transport Minister Fikile Mbalula is optimistic they are on the right path to turn the troubled Road Accident Fund (RAF) into a sustainable and equitable road accident scheme. For years, the RAF has struggled with financial woes, but during a media briefing on Monday, Mbalula said that the... 

Eastern Cape govt fails to spend its R338m budget on housing

By: News24Wire      8th June 2021 The Eastern Cape human settlements department failed to spend R338-million allocated for housing developments in the past financial year. The money was then taken and re-allocated to other provinces. 

Aveng raises R100m in follow-on rights offer

By: Marleny Arnoldi     8th June 2021 JSE-listed Aveng has successfully completed its follow-on rights offer on June 4, raising total new capital of R100-million. The follow-on rights offer comprised of R89.5-million of follow-on rights offer shares taken up by shareholders who followed their rights.  

South African industrial hub has found a faster route to the sea

By: Bloomberg     8th June 2021 A new inland transit facility between South Africa and Mozambique could slash transport times between the Maputo port and the region’s industrial and business hub. DP World’s new dry port depot in Komatipoort, a town on South Africa’s eastern border with Mozambique, operates as a bonded container... 

Denel seeking to negotiate with Saab Grintek Defence over liquidation application

By: Rebecca Campbell     8th June 2021 Financially-embattled State-owned defence industrial group Denel issued, on Tuesday, a short statement regarding the threat of court action against it, aimed at forcing its liquidation. This action has been initiated in the high court in Pretoria by private-sector South African defence company... 

Telkom launches virtual card for transacting on WhatsApp

By: Natasha Odendaal     8th June 2021 Information and communications technology group Telkom has teamed up with Mastercard, Nedbank and fintech enablement partner Ukheshe Technologies to launch Africa’s first Mastercard virtual card for use on WhatsApp. The addition of the Mastercard virtual card to digital payments wallet Telkom... 

Civil engineering student awarded Egis bursary

By: Schalk Burger     7th June 2021 Second-year civil engineering student Lethabo Matabane, who is a member of the South African Institution of Civil Engineering (Saice), has received a bursary from engineering services multinational Egis. The bursary will cover her tuition fees, textbooks and residence accommodation costs, as well... 

Major joint effort needed to meet host community challenge – Menar  

By: Martin Creamer     7th June 2021 A major joint effort is needed by big and small mining companies, government, labour, communities and traditional leaders and municipalities to meet the host community challenge facing South Africa’s mining industry, Menar MD Vuslat Bayoglu said on Monday. Speaking to Mining Weekly in a Zoom... 

Major joint effort needed to meet host community challenge – Menar
Menar MD Vuslat Bayoglu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

SAHPRA registers Janssen Covid-19 vaccine with conditions

By: Sane Dhlamini     7th June 2021 The South African Health Products Regulatory Authority (SAHPRA) announced on Monday the registration of the Janssen Covid-19 vaccine on March 31, with conditions. SAHPRA CEO Dr Boitumelo Semete-Makokotlela explained that one of the conditions is that the vaccine be manufactured under conditions... 

SAHPRA registers Janssen Covid-19 vaccine with conditions

Eskom warns Stage 1 load-shedding likely to be implemented all week  

By: Marleny Arnoldi     7th June 2021 Eskom will implement Stage 1 load-shedding from 17:00 to 22:00 this evening and will likely continue to do so for the rest of the week. The State-owned power utility confirms that the grid is constrained owing to the loss of two generating units at the Kusile power station, and one each at the... 

Richmond Park to host Takealot’s new distribution centre in Cape Town

By: Tasneem Bulbulia     7th June 2021 Property investor and developer Atterbury has been chosen to develop a new distribution facility and pickup point for online retailer Takealot, in Richmond Park, Milnerton, Cape Town. The new Takealot facility at Richmond Park will initially be 6 700 m² and include two expansion opportunities... 

UJ School of Accounting receives R11m Seta grant to improve TVET audit outcomes

By: Schalk Burger     7th June 2021 The University of Johannesburg (UJ) School of Accounting in the College of Business and Economics has been awarded an R11-million grant to invest in the improvement of audit outcomes in technical and vocational education and training (TVET) colleges. The grant was provided by the Education,... 

Naspers invests R42m in WhereIsMyTransport 

By: Irma Venter     7th June 2021 Naspers has announced a R42-million investment in Cape Town-based WhereIsMyTransport. The investment is part of a R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund and SBI Investment.  

Naspers invests R42m in WhereIsMyTransport
Devin de Vries

ESA Mars rover programme makes significant advance with tests of duplicate unit

By: Rebecca Campbell     7th June 2021 The European Space Agency (ESA) has reported that its duplicate ExoMars rover is now fully assembled and has started test and training operations at the Mars Terrain Simulator, which is hosted by Italy’s Aerospace Logistics Technology Engineering Company, in Turin. This is in preparation for the... 

Nissan SA kicks off Navara production, exports to start in Q3 

By: Irma Venter     7th June 2021 Nissan South Africa has started production of the new Navara pickup at its Rosslyn plant, with the first local customers to receive their double-cab units this month. The plant is currently operating at one shift, producing 134 units a shift, excluding overtime, and including Navara, NP200 and... 

Nissan SA kicks off Navara production, exports to start in Q3
Shafick Solomons

Seifsa calls for national disaster recovery plan for metals, engineering sector

By: Schalk Burger     7th June 2021 Industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called for the creation of a national state of disaster support and recovery plan for the metals and engineering sector. Such a plan should provide an opportunity for the industries to reset, reposition... 

AfDB grants Mozambican enterprise developer $1m grant

By: Donna Slater     7th June 2021 The African Development Bank (AfDB) Group has approved a $1-million grant to Mozambique-based small and medium-sized enterprise (SME) promotional agency the Instituto para a Promoção das Pequenas e Médias Empresas (Ipeme), to boost local content and development of SME initiatives in Mozambique.... 

Uasa reassures its members at Denel as group faces liquidation threat

By: Rebecca Campbell     7th June 2021 Trade union Uasa has assured its members who are employed by the State-owned defence industrial group Denel of its support for them, as the tale of the financially-beleaguered company took another turn for the worse. Private-sector South African defence company Saab Grintek Defence... 

Iron-ore tumbles as optimism around China demand fades

By: Reuters     7th June 2021 Iron-ore prices tumbled on Monday as China's subdued trade data for May and narrowing steel profit margins dampened the market's enthusiasm about demand prospects for the steelmaking ingredient. China, which accounts for more than half of the world's steel output, imported 89.79 million tonnes of... 

Iron-ore tumbles as optimism around China demand fades

South Africans to remain focused on delivering Economic Reconstruction and Recovery Plan

By: Simone Liedtke     7th June 2021 With economic growth fundamental to a brighter future for South Africa, Busines Leadership South Africa (BLSA) CEO Busi Mavuso suggests it is the “only way to turn the trajectory of government’s fiscal position as it will boost earnings” and, therefore, tax collection and start to get debt under... 

South Africans to remain focused on delivering Economic Reconstruction and Recovery Plan

Eskom suspends Koeberg GM while delayed unit investigation ensues

By: Marleny Arnoldi     7th June 2021 State-owned power utility Eskom has confirmed that the GM of its Koeberg nuclear power station has been suspended while investigations are ongoing into the performance of the power station. In the meantime, Eskom’s chief nuclear officer Riedewaan Bakardien will oversee the operations of the... 

MTN will bid in second Ethiopia telecoms licence round

By: Reuters     4th June 2021 MTN Group will bid again for an Ethiopia operating telecom licence in the second round if mobile financial services are included, its CEO said on Friday after losing the first round. Mobile financial services is key to MTN's strategy as it continues to evolve from just providing voice to also... 

Industry-aligned curricula, work readiness needed to close skills gap in automotive components sector

By: Schalk Burger     4th June 2021 A research study on skills in the automotive components sector shows that technical vocational education and training (TVET) institutions and technical universities must develop industry-aligned curricula and must produce work-ready candidates to close the skills gap in the sector. More than 70%... 

CSIR, Coega collaborate on biofibre product research

By: Marleny Arnoldi     4th June 2021 The Council for Scientific and Industrial Research (CSIR) and the Coega Development Corporation (CDC), in the Eastern Cape, will together develop an industrial research facility that is dedicated to the production of commercially viable biofibre products and applications. The CEOs of the... 

Jumpers Informal Settlement in Cleveland raided

By: Tasneem Bulbulia     4th June 2021 The Johannesburg Roads Agency (JRA), in partnership with the South African Police Services (Saps), departments and entities of the City of Joburg (CoJ) and private companies that are affected by illegal mining activities, embarked on a joint operation raiding the Jumpers Informal Settlement, in... 

Eswatini highlights considerable strides in renewable energy development

By: Tasneem Bulbulia     4th June 2021 eSwatini has added two more solar photovoltaic (PV) plants to its sustainable energy portfolio, as another of its projects – the Lavumisa 10 MW solar PV plant – nears completion. In a statement, the Ministry of Natural Resources and Energy acclaimed that eSwatini has made considerable strides in... 

Eswatini highlights considerable strides in renewable energy development
Peter Bhembe

Rand Water to lay criminal charges against customers over profane emails

By: Marleny Arnoldi     4th June 2021 Gauteng-based water utility Rand Water intends on laying criminal charges against members of the public for using abusive language to its employees during water shortages. This follows a series of email correspondences received by Rand Water’s customer service centre, in which members of the... 

Johannesburg seeks R3.8bn for solar, gas and batteries

By: Bloomberg     4th June 2021 South Africa’s biggest city plans to seek at least R3.8-billion in investment in solar and gas-fired power as well as battery storage to improve electricity supply. The City of Johannesburg will issue a request for information for the construction of a 150-megawatt solar plant, 50 megawatts of... 

Johannesburg seeks R3.8bn for solar, gas and batteries

South African researchers hope to deter rhino poachers with radioactive markers

By: Reuters     4th June 2021 Researchers in South Africa are working on a potentially new method to deter rhino poachers and smugglers by using radioactive markers to make smuggled horns detectable at global ports of entry and less desirable to buyers. South Africa is home to the world's largest rhino population but has... 

South African researchers hope to deter rhino poachers with radioactive markers

US airline United signs supersonic airliners and net-zero carbon fuel agreement

By: Rebecca Campbell     4th June 2021 Leading US carrier United Airlines announced on Thursday that it had signed a commercial agreement with US startup aerospace company Boom Supersonic to both purchase aircraft and implement a cooperative initiative to increase commercial aviation’s sustainability by accelerating and increasing the... 

US airline United signs supersonic airliners and net-zero carbon fuel agreement
Photo by United Airlines
An artist’s impression of the Boom Supersonic Overture flying in United Airlines livery

Heartwood Properties records solid growth despite challenges

By: Tasneem Bulbulia     4th June 2021 Despite having faced major challenges in 2020, 4 Africa Exchange-listed Heartwood Properties recorded net asset growth per share of 25% for the financial year ended February 28. Since first listing on the stock exchange in March 2018, it has grown its net assets by a total of 93%. 

Heartwood Properties records solid growth despite challenges
John Whall

Load-shedding suspended for Friday afternoon, but to continue until Sunday  

By: Marleny Arnoldi     4th June 2021 State-owned power utility Eskom has announced that load-shedding will be suspended from 12:00 to 17:00 on June 4, to allow Parliament to pass a series of Appropriation Bills. The Deputy Speaker of Parliament requested that the utility suspend power cuts during this timeframe, as passing these... 

Load-shedding suspended for Friday afternoon, but to continue until Sunday
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