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Latest News

Averda welcomes two female directors

By: Marleny Arnoldi     23rd February 2021 Waste management company Averda has appointed Mariam Ansari director of plastics recycling and Brindha Roberts group director of sustainability. The company says the appointments reflect its strategic focus on fostering the circular economy in the emerging world, as well as its commitment to... 

TIPS research confirms business case for developing hydrogen economy

By: Marleny Arnoldi     23rd February 2021 Trade & Industrial Policy Strategies says South Africa is well placed to build a new and sustainable export commodity – green hydrogen. TIPS believes the country can become a key supplier into the rapidly growing international hydrogen market, as the world faces growing pressure to move to... 

Bidcorp withholds dividend payment, but thanks staff for resilient performance despite market challenges

By: Schalk Burger     23rd February 2021 Food service multinational Bidcorp CEO Bernard Berson has lauded the company's more than 23 000 employees across 35 countries, as well as its diversity of clients and decentralised operations, for producing resilient results for the six months to December 31, 2020. Many of the sectors in which... 

NPC underscores importance of developmental State for South Africa  

By: Tasneem Bulbulia     23rd February 2021 South Africa’s challenges of poverty, unemployment and inequality cannot be changed without a capable, professional, ethical and developmental State, speakers noted during a webinar hosted by government agency the National Planning Commission (NPC) on February 23. The NPC envisages a capable and... 

NPC underscores importance of developmental State for South Africa
Dr Pulane Molokwane details what a capable, professional and ethical developmental State entails, as well as the work the National Planning Commission has undertaken in pursuing this.

SBI calls on Mboweni to maintain SME and household support until pandemic contained

By: Schalk Burger     23rd February 2021 Small and medium-sized enterprise (SME) lobby organisation the Small Business Institute (SBI) has called on Finance Minister Tito Mboweni to speed up economic reforms, invest in infrastructure and not abruptly cut off support for SMEs. “As the pandemic has yet to be overcome through a rigorous... 

Eskom’s tariff restructure not all bad, says energy solutions provider  

By: Marleny Arnoldi     23rd February 2021 Eskom’s recently tabled tariff restructure programme, which proposes changes such as charging consumers a fixed connection fee, may indeed improve the landscape for renewable energy in South Africa, says Energy Partners Intelligence business development head Tygue Theron. He tells Engineering... 

Low cost carrier Kulula to resume Lanseria operations

By: Rebecca Campbell     23rd February 2021 Comair, the South African private sector airline group which operates the British Airways in Southern Africa and Kulula low cost carrier brands, has announced that Kulula will resume operations at Lanseria International Airport on April 1. These flights will service the carrier’s routes to Cape... 

Greenfield exploration drilling restarts at Target North gold prospect  

By: Martin Creamer     23rd February 2021 Greenfield exploration drilling has restarted at the Target North prospect in the Free State, which Covid-19 temporarily halted, Harmony Gold CEO Peter Steenkamp told Mining Weekly on Tuesday. Speaking during a Zoom interview after presenting an outstanding set of dividend-yielding  financial... 

Greenfield exploration drilling restarts at Target North gold prospect
Harmony gold CEO Peter Steenkamp interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Imperial to exit its Logistics International business, focus increasingly on Africa 

By: Irma Venter     23rd February 2021 The JSE-listed Imperial group plans to exit its Logistics International business, says CEO Mohammed Akoojee. “We thoroughly assessed the strategic fit of our international portfolio [and] we have concluded that Logistics International is noncore to our Gateway-to-Africa strategy and we will... 

Imperial to exit its Logistics International business, focus increasingly on Africa

Aveng hopes to build on first positive earnings since 2014 as restructuring nears end  

By: Terence Creamer     23rd February 2021 Infrastructure and contract mining group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has been under way since 2017, has reported its first positive earnings since 2014, recording headline earnings of R109-million for the six months to December 31. The recovery... 

Aveng hopes to build on first positive earnings since 2014 as restructuring nears end
Photo by Creamer Media's Donna Slater
Aveng CEO Sean Flanagan

TymeBank receives R1.6bn investment to expand products, grow lending portfolio

By: Donna Slater     23rd February 2021 Emerging South African digital bank TymeBank, which has on-boarded 2.8-million customers 24 months after launching, has secured an investment of R1.6-billion, attracting new investors from the UK and Philippines. The investment, which is one of the largest foreign investments any financial... 

Unemployment rate rises to 32.5%  

By: Creamer Media Reporter      23rd February 2021 South Africa's official unemployment rate increased by 1.7 percentage points to 32.5% in the fourth quarter of 2020, the highest since Statistics South Africa started publishing its Quarterly Labour Force Survey in 2008. Stats SA reports that the number of employed persons increased by 333 000... 

Unemployment rate rises to 32.5%

Port Elizabeth hotel being converted to 500-bed NMU student village

By: Schalk Burger     23rd February 2021 The Summerstrand Hotel, a Port Elizabeth landmark, is being converted into a 500-bed residence for students at the Nelson Mandela University (NMU) and is due to open in March. The Summerstrand Student Village is a 600 m walk from NMU’s main campus. The new village gives students an opportunity to... 

NGO International Rivers calls on SA not to support Grand Inga scheme

By: Schalk Burger     23rd February 2021 International rivers and river communities rights nongovernmental organisation International Rivers has called on South Africa to withdraw its agreement to offtake electricity from the Inga 3 hydropower project being built in the Democratic Republic of Congo (DRC). South Africa continues to... 

Harmony starts on first 10 MW of own solar, keen to pursue next 20 MW 

By: Martin Creamer     23rd February 2021 Gold mining company Harmony Gold, which is in the process of introducing 30 MW of own-generation solar power into its electricity mix, has begun the phasing in of the first 10 MW of renewable energy generation. “Generating our own power from solar power is the way to go,” Harmony Gold CEO Peter... 

Harmony starts on first 10 MW of own solar, keen to pursue next 20 MW
Harmony Gold mineworkers underground at Masimong gold mine.

Green hydrogen to be produced from solar power at platinum mine  

By: Martin Creamer     22nd February 2021 Although platinum group metals (PGMs) mining and marketing company Anglo American Platinum will be starting with a 75 MW solar photovoltaic powered plant at its Mogalakwena mine, planned is an eventual 320 MW of solar power generation, the excess from which will be used to produce green hydrogen.... 

Green hydrogen to be produced from solar power at platinum mine
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

SALT doubles grid-tied solar system, supported by year-long test

By: Schalk Burger     22nd February 2021 The Southern African Large Telescope (SALT), in the Northern Cape, has added a new 53 kW solar installation to its grid-tied 40 kVA solar rooftop system. This follows after a system installed on the workshops of the South African Astronomical Observatory (SAAO) provided one year of operational... 

Super Group increases revenue with marginal profit boost

By: Donna Slater     22nd February 2021 Reflecting strong sales performances in its supply chain businesses in Europe and its dealerships in the UK, JSE-listed transport logistics and mobility group Super Group’s revenue increased by 5.8% to R20-billion for the six months ended December 31, 2020. The group’s operating profit increased... 

Comair to restart flights between Johannesburg and Harare

By: Rebecca Campbell     22nd February 2021 South African private sector airline group Comair announced on Monday that its British Airways brand would resume daily flights between Johannesburg and Harare in Zimbabwe on March 28. Comair operates the British Airways in Southern Africa and Kulula low cost carrier brands. Customers can start... 

Khulisa launches investment vehicle for underserved businesses

By: Tasneem Bulbulia     22nd February 2021 Black-owned private equity management company Khulisa Investment Partners is providing funding to businesses typically under-served by financial institutions, and facilitating a transfer of wisdom to the next generation of business leaders in South Africa. It notes in a statement that, by... 

Botha nears end of solo transatlantic row

By: Simone Liedtke     22nd February 2021 South African adventurer and former naval officer Zirk Botha is days away from finishing his solo transatlantic ocean row, from Cape Town to Rio de Janeiro, during which he will have covered 7 200 km, or 4 000 nautical miles. Botha left Cape Town on December 19, 2020, and is set to arrive in Rio... 

Botha nears end of solo transatlantic row
Zirk Botha's route from Cape Town to Rio de Janeiro.

L2D declares 32.33c distribution despite harsh Covid-19 impacts

By: Marleny Arnoldi     22nd February 2021 JSE-listed real estate investment trust (Reit) Liberty Two Degrees (L2D) has declared a distribution of 32.33c apiece for the year ended December 31, 2020. This compares with the distribution of 60.43c apiece declared for the 2019 financial year.  

L2D declares 32.33c distribution despite harsh Covid-19 impacts
Liberty Two Degrees CEO Amelia Beattie

Worst listed property year on record impacts Redefine’s distributable income 

By: Donna Slater     22nd February 2021 JSE-listed real estate investment trust Redefine has reported a decrease in distributable income of 51.50c a share, or 49%, for the financial year ended August 31, 2020, which the company described as the “worst year in history for listed property”. Total revenue, which grew by 4.1% in the year... 

Worst listed property year on record impacts Redefine’s distributable income
Redefine Properties hit by Covid-19 subdued market, buoyed by offshore investments

National road toll tariffs to increase March 1

By: Donna Slater     22nd February 2021 The Department of Transport has announced new toll tariffs for South Africa’s national roads following Minister Fikile Mbalula’s approval and recommendation by the South African National Roads Agency Limited (Sanral). The adjustments are done yearly, in line with the consumer price index (CPI)... 

SA Canegrowers Association calls for decrease to sugar tax

By: Tasneem Bulbulia     22nd February 2021 As Finance Minister Tito Mboweni prepares to deliver his Budget Speech on February 24, industry association the South African Cane Growers Association has called for an immediate decrease to the health promotion levy (HPL) or sugar tax, stating that this will help in the recovery of the local... 

Sapa applies for anti-dumping duty against Brazil, four EU countries  

By: Marleny Arnoldi     22nd February 2021 The South African Poultry Association (Sapa) has applied to the International Trade Administration Commission of South Africa (Itac) for anti-dumping duties on chicken imported from Brazil, Denmark, Ireland, Poland and Spain. Sapa broiler GM Izaak Breitenbach says the association has proof that... 

Sapa applies for anti-dumping duty against Brazil, four EU countries

SAIW seeks to alleviate key skills shortages

By: Simone Liedtke     22nd February 2021 The South African Institute of Welding (SAIW) is gearing up to present its internationally recognised nondestructive testing (NDT) Level 3 Workshop in March. The workshop builds on pre-existing Level 1 and 2 NDT qualifications to enable attendees to take on a more senior managerial role within an... 

SAIW seeks to alleviate key skills shortages

Concor partnership wins major MeerKAT/SKA radio telescope construction contract

By: Rebecca Campbell     22nd February 2021 South African contractor Concor, in partnership with OptiPower, has been awarded a R212-million contract for the structural foundations and associated infrastructure for 24 additional dishes for South Africa’s MeerKAT radio telescope array. MeerKAT currently has 64 dishes. The partners have also... 

Icasa postpones announcement of spectrum bidders to March

By: Natasha Odendaal     22nd February 2021 The Independent Communications Authority of South Africa (Icasa) has postponed the announcement of the spectrum Invitation to Apply (ITA) bidders until March 23. The authority initially planned to announce the qualified bidders of the International Mobile Telecommunications (IMT) ITA on February 22. 

Sasol upscales renewables roll-out ambition to 900 MW, starts plotting big green-hydrogen role 

By: Terence Creamer     22nd February 2021 JSE-listed Sasol announced on Monday that it would pursue a 900 MW renewable-energy roll-out at its Secunda and Sasolburg complexes by 2030, raising its initial deployment target of 600 MW by 50%. President and CEO Fleetwood Grobler said that the upscaled plan would be pursued in partnership with... 

Sasol upscales renewables roll-out ambition to 900 MW, starts plotting big green-hydrogen role
The Secunda complex, in Mpumalanga

Denel announces exit of several board members and of the interim Group CEO  

By: Rebecca Campbell     22nd February 2021 On Monday, embattled State-owned defence industrial group Denel reported, via the Johannesburg Stock Exchange’s SENS news service, that it had suffered a string of resignations from its board of directors. Kabelo Lehloenya had resigned effective January 14, General (retired) Siphiwe Nyanda had... 

Local advancement of electric vehicles must be accelerated, says Naamsa

By: Irma Venter     22nd February 2021 Electric vehicle (EV) sales are forecast to exceed internal combustion engine (ICE) vehicle sales by 2038, with sales in the European Union (EU) projected to comprise 40% EVs by 2030, and 80% by 2040, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its fourth... 

Local advancement of electric vehicles must be accelerated, says Naamsa

BLSA calls for budget prioritisation amid fiscal constraints

By: Schalk Burger     22nd February 2021 In her weekly newsletter, Business Leadership South Africa (BLSA) CEO Busi Mavuso has called on Finance Minister Tito Mboweni to demonstrate that government is focused on the composition of spending; not just about restraining it, but spending it on the right things. The message delivered in the... 

Covid accelerated some digitalisation, future workplaces still emerging

By: Schalk Burger     22nd February 2021 While the Covid-19 pandemic disrupted and further digitalised businesses and work, the work space and workforce of the future in each industry and in each company are still emerging, civil engineering multinational Stefanutti Stocks group information technology director Kevin Wilson said during a... 

Global decarbonisation rapidly upping demand for Anglo Platinum products 

By: Martin Creamer     22nd February 2021 Platinum group metals mining and marketing company Anglo American Platinum said on Monday that it was poised to deliver next phase of value for its stakeholders as decarbonisation efforts increase the long-term demand for its metals. “We are grounded in our purpose to re-imagine mining to improve... 

Global decarbonisation rapidly upping demand for Anglo Platinum products
Anglo American Platinum's Mogalakwena platinum mine in Limpopo.

Sasol abandons rights issue as it secures $3.3bn from asset disposals 

By: Terence Creamer     22nd February 2021 Chemicals and energy group Sasol confirmed on Monday that it would no longer pursue a rights issue in light of progress made, through assets sales and cost savings, to shore up its debt-laden balance sheet. In a recorded results presentation, president and CEO Fleetwood Grobler said that the... 

Sasol abandons rights issue as it secures $3.3bn from asset disposals
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

Engineering approach to knee surgery using soft-tissue as blueprint achieving global acclaim

By: Schalk Burger     19th February 2021 A knee-surgery technique developed by local orthopaedic surgeon Professor Ponky Firer that uses a patient’s soft tissues as a blueprint for surgery, is gaining world acclaim and has led to patient satisfaction rates that are higher than global averages while restoring mobility and quality of life... 

Air Côte d’Ivoire takes delivery of its first A320neo

By: Rebecca Campbell     19th February 2021 The national flag carrier of the West African country of Côte d’Ivoire, Air Côte d’Ivoire, has become the first airline in the region to operate the Airbus A320neo (‘neo’ standing for new engine option). Airbus announced the delivery of the operator’s first example of the type on Thursday.  The... 

Air Côte d’Ivoire takes delivery of its first A320neo
Photo by Airbus
Air Côte d’Ivoire’s first A320neo
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