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Latest News

Global Impact Investments seeking to turn SA Express around

By: Donna Slater     12th January 2022 The postponement of a hearing on the liquidation of troubled domestic airline South African (SA) Express until July 4 has been welcomed by Global Impact Investments – which is involved with fundraising efforts in its endeavour to relaunch SA Express as a viable, commercial business. Global... 

November manufacturing output down 0.7% y/y – FNB

By: Donna Slater     12th January 2022 Total manufacturing output (not seasonally adjusted) declined by 0.7% year-on-year in November, after declining by 8.5% year-on-year in October, reports financial services provider FNB. Senior economist Thanda Sithole explains that the slip partly reflects the unfavourable base effects of the... 

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Sub-Saharan Africa lost R30bn due to govt internet shutdowns, report says

By: News24Wire      12th January 2022 Countries in Sub-Sahara Africa lost a combined R30.88-billion from their economies because of widespread internet shutdowns by regimes, as demonstrations and crackdowns on opposition and civic society ensued last year. This is contained in the Global Cost of Internet Shutdowns 2021 report,... 

City of Cape Town offers R5 000 reward for info on stoning of brand new train

By: News24Wire      12th January 2022 The City of Cape Town is offering a R5 000 reward for information that leads to the positive identification and arrest of those responsible for the stoning of a brand new train. A group of youth pelted the Metrorail train between Steenberg and Fish Hoek last week, damaging the train driver's window. 

World Bank forecasts South African growth of only 2.1% in 2022 

By: Terence Creamer     11th January 2022 The World Bank is forecasting that growth in South Africa will slow to only 2.1% in 2022 amid decelerating global and regional growth, reflective of continued Covid-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks. The bank’s latest ‘Global Economic Prospects’ report,... 

World Bank warns that low Covid-19 vaccination rates in Africa pose a threat of renewed and more severe outbreaks
World Bank warns that low Covid-19 vaccination rates in Africa pose a threat of renewed and more severe outbreaks

Chieta, Sapref supporting chemicals industry skills development

By: Schalk Burger     11th January 2022 The partnership between chemicals industry education and training authority Chieta and oil refinery the South African Petroleum Refinery (Sapref) is providing skills development programmes in the sector, at an investment of R6-million by Chieta. Sapref, meanwhile, is providing 160 students a year... 

Global air cargo demand up 3.7%, capacity down 7.6% for Nov

By: Donna Slater     11th January 2022 The latest global air cargo market data released by the International Air Transport Association (Iata) shows slow growth in November, as supply chain disruptions and capacity constraints impacted on demand, despite economic conditions remaining favourable for the sector. The baseline comparison... 

Airlink CEO Rodger Foster admitted to Order of the Southern Cross for Brazil-SA aviation links

By: Schalk Burger     11th January 2022 South African airline Airlink CEO Rodger Foster has been admitted to the Ordem Nacional do Cruzeiro do Sul (National Order of the Southern Cross) in the class of Commander in recognition of his active and devoted role in strengthening business ties between Brazil and South Africa in the field of... 

Climate concerns dominate ‘long-term risks’ – WEF  

By: Marleny Arnoldi     11th January 2022 The World Economic Forum (WEF) has highlighted climate action failure, growing social divides, heightened cyber-risks and uneven global recovery as the foremost risks the world will be facing in coming years. Launching the ‘Global Risks 2022’ report on January 11, which was compiled in... 

WEF president Børge Brende
WEF executives comment on the top global risks in the short, medium and long-term

Africa's debt burden 'hard to ignore' - Naledi Pandor

By: News24Wire      11th January 2022 International Relations and Cooperation Minister Naledi Pandor says the devastating impact of the debt burden to the economies and sovereignties of several African states is hard to ignore. Pandor was responding to a written parliamentary question from Economic Freedom Fighters MP Thembi Msane,... 

International Relations and Cooperation Minister Naledi Pandor
International Relations and Cooperation Minister Naledi Pandor

Mbalula launches one-off Covid-19 Taxi Relief Fund

By: Yvonne Silaule     11th January 2022 Transport Minister Fikile Mbalula has officially launched the R1.14-billion one-off ex gratia Covid-19 Taxi Relief Fund (TRF), with qualifying operators expected to receive about R5 000 each. The TRF is a financial support programme by the Department of Transport (DoT) in collaboration with the... 

Minibus taxis parked at the Roodepoort taxi rank

Nyati to step down from Altron

By: Natasha Odendaal     11th January 2022 Mteto Nyati is stepping down as group CEO of JSE-listed technology company Altron, effective June 30. In an update to shareholders, Altron noted that the decision was informed by Nyati’s impending completion of a five-year term with the Altron Group, his successful contribution to increasing... 

Mondi sets net zero by 2050 goal

By: Donna Slater     11th January 2022 Packaging and paper manufacturer Mondi says it is accelerating its plans to reduce its carbon emissions by committing to transition to net zero by 2050. The group plans to expand on almost two decades of such progress, including a 45% reduction in specific greenhouse-gas (GHG) emissions against... 

Forge Academy to recruit 20 young creative interns for Feb digital skills course

By: Schalk Burger     11th January 2022 Digital skills education facility Forge Academy calls for young Gauteng-based graduates to apply for 20 creative internships to grow their digital skillsets and gain valuable experience in the Fourth Industrial Revolution (4IR) disciplines of software development, user experience design,... 

Forge Academy Labs workstations

Airbus wins contract for first law enforcement version of its new helicopter

By: Rebecca Campbell     11th January 2022 France’s Gendarmerie Nationale has become the first police force to order Airbus Helicopters’ new-generation H160 multimission helicopter, the company has reported. The contract, for ten of the machines, was signed by the French Ministry of Defence’s Directorate General of Armaments, on behalf of... 

An H160 painted in Gendarmerie colours pictured with Gendarmerie special forces
Photo by Airbus
An H160 painted in Gendarmerie colours pictured with Gendarmerie special forces

Studies suggest Omicron has higher 'asymptomatic carriage'

By: Reuters     11th January 2022 Preliminary findings from two South African clinical trials suggest the Omicron coronavirus variant has a much higher rate of "asymptomatic carriage" than earlier variants, which could explain why it has spread so rapidly across the globe. The studies - one of which was carried out when Omicron... 

Tongaat determined to recover R450m in claims against former execs

By: Marleny Arnoldi     11th January 2022 Sugar manufacturer Tongaat Hulett is determined to recover R450-million in civil damages from former executives. This follows after a forensic investigation by professional services firm PwC found that certain senior executives had allegedly initiated or participated in questionable accounting... 

One of Tongaat Hulett's mills

Busa’s offer of resources to NPA may include private prosecutors 

By: Terence Creamer     11th January 2022 Business Unity South Africa (Busa) has resolved to support the National Prosecuting Authority (NPA) with resources to enable it to “urgently prepare cases” against those identified in a recently released report arising from the Judicial Commission of Inquiry into allegations of State Capture.... 

Busa CEO Cas Coovadia
Photo by Creamer Media
Busa CEO Cas Coovadia

Electricity supply restored in most of Kenya after nationwide blackout -Kenya Power

By: Reuters     11th January 2022 Power supply has been restored in most parts of Kenya, which earlier experienced a nationwide outage after a high voltage transmission line connecting the capital broke, state-controlled utility Kenya Power said on Tuesday. Kenya Power reported a blackout occurred at 0745 GMT, after towers... 

Sea Harvest acquires prawn trawling business in Australia

By: Marleny Arnoldi     11th January 2022 JSE-listed Sea Harvest Group has entered into an agreement to acquire the Western Australia-based fishing businesses of MG Kailis Holdings for A$70-million. The acquisition assets will be held by Sea Harvest Marine – a newly registered wholly-owned subsidiary of Sea Harvest Australia.  

Airbus reports hitting its 2021 airliner delivery target

By: Rebecca Campbell     11th January 2022 Europe-based global major aerospace group Airbus announced on Monday that it had achieved its 2021 target for deliveries of commercial aircraft. During the year, the company delivered 611 commercial aircraft to 88 customers. Commercial aircraft deliveries in 2020 had totalled 566. Of the aircraft... 

Effective circular waste management important to maintain healthy air, study shows

By: Schalk Burger     11th January 2022 A study by research institute the International Institute for Applied Systems Analysis (IIASA) shows that circular waste management systems can help to effectively curb emissions of greenhouse gases and air pollutants, although the waste sector is often neglected in discussions about climate... 

MTN best South African mobile network for 2021

By: Natasha Odendaal     11th January 2022 Telecommunications group MTN has been named the best mobile network in South Africa for 2021. The latest MyBroadband Mobile Network Quality Report shows that South Africa had an average mobile download speed of 40.86 Mb/s and an average upload speed of 13.82Mb/s during 2021. 

Rand facing Covid-19, political risks in 2022 – DG Capital

By: Donna Slater     11th January 2022 Although the rand ended 2021 “on the back foot” at R15.89/$, the Omicron variant of Covid-19 will remain a significant unknown in the financial market for 2022 as it is proving to be more transmissible but less severe than earlier variants, reports financial services solutions company DG Capital... 

Sakeliga investigates decay at 154 problem municipalities, considers further litigation

By: Tasneem Bulbulia     10th January 2022 Attorneys for independent business community Sakeliga have been instructed to prepare a request in terms of the Promotion of Access to Information Act (PAIA) to the Auditor-General to obtain specific management reports said to be submitted to the management teams of the various municipalities... 

Pumped storage has potential to throw Hillside Aluminium green lifeline 

By: Martin Creamer     10th January 2022 Power utility Eskom should link its delayed Tubatse pumped storage scheme to the need for Hillside Aluminium to go green. This could be done, a close observer of the intensive electricity user sector of the South African economy contends, through Eskom enabling an independent power producer (IPP)... 

Supplied aerial picture of Hillside Aluminium.
South32's Hillside Aluminium in Richards Bay.

Opinion: Shell prevented from proceeding with seismic survey offshore of South Africa’s Eastern Cape province

10th January 2022 In this opinion piece, law firm Herbert Smith Freehills partner and Africa co-chairperson Peter Leon, senior associate Ernst Muller and associate Mandy Hattingh write about the High Court's decision to grant local communities an urgent interim injunction prohibiting Shell from conducting any... 

Herbert Smith Freehills partner Peter Leon
Photo by Creamer Media
Herbert Smith Freehills partner Peter Leon

New-vehicle sales up 22.1%, exports pummelled by civil unrest, Transnet cyberattack 

By: Irma Venter     10th January 2022 New-vehicle sales rebounded strongly in the domestic market in 2021, gaining 22.1% to reach 464 122 units for the year, says Naamsa | The Automotive Business Council. This follows a 29.2% drop in 2020, in a year where sales were heavily impacted by the outbreak of Covid-19. 

Image of vehicles exported by rail

DHL Global Forwarding expands to Zimbabwe

By: Tasneem Bulbulia     10th January 2022 Global logistics brand DHL Global Forwarding has launched in Zimbabwe to extend its presence across Africa. The international air, ocean and road freight services provider will give local and regional businesses within the greater Southern African Development Community (SADC) region instant... 

Seifsa to focus on being voice of the industry, advancing collective bargaining

By: Marleny Arnoldi     10th January 2022 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Lucio Trentini expects this year to be as challenging as the last two years, particularly as the steel industry is in a crisis, but it is focused on formulating deliverables in terms of the Steel Master Plan. He... 

Seifsa CEO Lucio Trentini
Photo by Creamer Media's Donna Slater
Seifsa CEO Lucio Trentini

Eskom calls for community help to combat theft, vandalism of its assets

By: Schalk Burger     10th January 2022 State-owned power utility Eskom requests that community members play an active role in preventing criminal activities and minimise vandalism of its assets. Eskom continues to experience high incidents of theft and vandalism of its distribution infrastructure around the country. The perpetrators... 

US astronomers observe, for the first time, the dying throes of a Red supergiant star

By: Rebecca Campbell     10th January 2022 For the first time, astronomers have reported observing the death of a Red supergiant star, in real time. And it did not behave as astronomers had believed it would. The observations were conducted by scientists at the Centre for Interdisciplinary and Exploratory Research in Astrophysics (CIERA)... 

Saita, IDC note success of joint Build Back Better campaign

By: Schalk Burger     10th January 2022 Industry organisation the South African Informal Traders Alliance (Saita), which represents more than two-million informal traders in South Africa, has reported on the success of a joint operation between itself and the Industrial Development Corporation (IDC) under the IDC's Build Back Better... 

Tanzanian agri firm undergoes rebrand

By: Marleny Arnoldi     10th January 2022 Agricultural firm Grosso Foods has undergone a rebrand to Grosso Africa to coincide with its strategic expansion plans. The Tanzania-based company distributes conservation agriculture equipment and smart farming solutions.  

Farming

SAA board to investigate airline's 'shameful past' exposed by Zondo Commission  

By: News24Wire      10th January 2022 The interim board of state-owned South African Airways says it intends to institute internal investigations and disciplinary processes with the aim of "cleaning the company of all vestiges of its shameful past" as exposed in the Zondo Commission's report. Furthermore, in line with its fiduciary... 

SAA logo

American group wins contract to upgrade Egyptian Air Force attack helicopters

By: Rebecca Campbell     10th January 2022 US-based global major aerospace and defence group Lockheed Martin has been awarded a $102-million contract to upgrade 25 of the Egyptian Air Force’s (EAF’s) Boeing AH-64D Apache attack helicopters to the latest AH-64E standard. Lockheed Martin will supply latest generation sensors which will be... 

Ann Leepile appointed CEO of Alexander Forbes Investments

By: Schalk Burger     10th January 2022 JSE-listed financial services group Alexander Forbes has appointed Ann Leepile as CEO of Alexander Forbes Investments, effective from February 1. “Leepile is ideally placed to lead the next phase of growth for Alexander Forbes Investments, given her deep technical expertise, understanding of the... 

Alexander Forbes Investments CEO Ann Leepile
Alexander Forbes Investments CEO Ann Leepile
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