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Latest News

French enviro Minister visits South Africa to discuss just energy transition

By: Marleny Arnoldi     15th October 2021 French Ecological Transition Minister Barbara Pompili will visit South Africa for two days from October 15 to discuss just energy transition matters with government. France and South Africa have similar priorities in the fields of climate change, biodiversity and others related to the... 

Tshwane Automotive SEZ setting a precedent for speedy development

By: Marleny Arnoldi     15th October 2021 Trade, Industry and Competition deputy Minister Fikile Majola this week said the Tshwane Automotive Special Economic Zone (TASEZ) represents a turning point in how special economic zones (SEZs) must be owned and operated, adding that Gauteng’s economic development was being led by these... 

Tshwane Automotive Special Economic Zone construction in progress
Photo by Creamer Media's Marleny Arnoldi
Tshwane Automotive Special Economic Zone construction in progress

South Africa's banks say they can't cut off funding for coal just yet

By: Reuters     15th October 2021 South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels. The top four banks have started to withdraw financing, with Nedbank and... 

Opinion: Combatting climate change with green energy solutions for Africa

15th October 2021 In this opinion article, Standard Bank head of sustainable finance, wholesale clients Greg Fyfe and head of power, wholesale clients Rentia van Tonder write that Africa has no choice but to join the global drive toward limiting greenhouse-gas emissions; however, the continent must facilitate a... 

A photo of Greg Fyfe
Greg Fyfe

ESG, incorporating green energy to increasingly drive business development

By: Donna Slater     15th October 2021 In terms of incorporating environment, social and governance (ESG) conscientiousness into business development models, South Africa, and the financial services sector in particular, has historically, and in recent times, been acknowledged as a global leader, law firm Pinsent Masons transactional... 

Steel demand expected to return to pre-pandemic levels this year

By: Schalk Burger     15th October 2021 This year has seen a stronger-than-expected recovery in steel demand, leading to upward revisions in the World Steel Association's (worldsteel's) forecast across the board except for China. "Owing to this vigorous recovery, global steel demand outside China is expected to return to its... 

Coca-Cola seeks $8bn value in Africa bottler IPO

By: Bloomberg     15th October 2021 Coca-Cola is seeking a value of €7-billion ($8.1-billion) for Coca-Cola Beverages Africa when it lists the bottler next year, according to people familiar with the matter. The soft drinks giant is poised to appoint Bank of America Corp., Morgan Stanley and Standard Bank Group to run the initial... 

South African building industry in line for more State support

By: Bloomberg     15th October 2021 South Africa’s government is planning more measures to bolster its ailing building industry after banning the use of imported cement on state construction projects. “Government is undertaking research across a range of construction-related products where there appears to be significant potential... 

Magazine round up | 15 October 2021 

15th October 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine cover image
Magazine round up | 15 October 2021

Electricity wheeling can reduce load-shedding risk if legal, technical uncertainties are addressed

By: Donna Slater     15th October 2021 Tariffs and the legal framework governing the wheeling of electricity from independent power producers (IPPs), which are taking advantage of the recently declared 100 MW licence threshold, will be key factors in IPPs’ ability and willingness to feed surplus power into regional and national power... 

Magazine cover image

Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline 

By: Terence Creamer     14th October 2021 State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing... 

Photo of Eskom's rock-man statue at Megawatt Park

Unilever pilots Sunlight soap made with captured carbon

By: Schalk Burger     14th October 2021 Consumer products multinational Unilever says it has produced dishwashing liquid, sold under its Sunlight brand, with captured carbon emissions. This aligns with the company's global Clean Future strategy to eliminate carbon derived from fossil fuels in its cleaning and laundry products by 2030. 

CoJ signs agreement to possibly take over Soweto, Sandton supply from Eskom

By: Schalk Burger     14th October 2021 The City of Johannesburg (CoJ) has signed a memorandum of understanding (MoU) with State-owned power utility Eskom with a view for City Power to potentially take over electricity supply for 14 areas in Soweto and Sandton. The affected areas include parts of Soweto, Sandton, Orange Farm, Ivory... 

Grid edge technologies presented as being vital in South Africa’s energy transition

By: Tasneem Bulbulia     14th October 2021 Grid edge solutions and technologies hold considerable benefits for the country’s energy landscape and can play an instrumental role in decarbonising the global energy system, speakers noted during the Grid Edge Virtual Symposium, hosted by Siemens South Africa in collaboration with EE Business... 

Logistics becoming a pertinent woe in agri sector, Ministers agree

By: Marleny Arnoldi     14th October 2021 Agriculture, Land Reform and Rural Development Thoko Didiza and Public Enterprises Minister Pravin Gordhan have both acknowledged the challenge that logistics has become in the agricultural industry, particularly over the last year. Speaking during industry organisation Agri SA’s annual general... 

Public Enterprises Minister Pravin Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Vaal SEZ to become South Africa’s ‘pre-eminent hub for the hydrogen economy’

By: Simone Liedtke     14th October 2021 Vaal Special Economic Zone (SEZ) programme director Xola Sithole says the SEZ is seeking to position itself as South Africa’s “pre-eminent hub for the hydrogen economy”. In so doing, he says, the SEZ will participate in developing the hydrogen market primarily for Gauteng, and beyond, while... 

Market recognising higher likelihood of platinum deficit than surplus in years ahead – WPIC  

By: Martin Creamer     14th October 2021 Right now, the market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday. Raymond expects pent-up up consumer demand for vehicles to reduce any... 

Picture of Trevor Raymond supplied by WPIC
The market is recognising the higher likelihood of platinum being in deficit rather than in surplus in the mid-term years ahead, said World Platinum Investment Council research director Trevor Raymond on Thursday.

R11bn Phase 2 of employment stimulus programme to focus on pathways to sustainable employment 

By: Schalk Burger     14th October 2021 The second phase of the Presidential Employment Stimulus Programme (PESP) will include the establishment of a new Social Employment Fund, which aims to support 50 000 work opportunities for common good in communities provided by organisations outside of the State. It will also include the... 

Agriculture cannot prosper if govt allows intellectual capital to emigrate, says Agri SA

By: Marleny Arnoldi     14th October 2021 Speaking during Agri SA’s annual general meeting (AGM) on October 14, outgoing president Pierre Vercueil highlighted how a defensive approach to land reform was of no help to anyone. He referred to the various pieces of legislation being amended or instituted – including the Deeds Registries... 

Maize farm

South Africa can build a new economy through green hydrogen

By: Simone Liedtke     14th October 2021 The use of clean hydrogen can help to address global greenhouse-gas (GHG) emissions by 2050, but only if net zero emissions costs and prices are set by governments across the world, Deputy Minister in The Presidency Pinky Kekana said on October 14 during a keynote address at the Hydrogen Economy... 

South Africa catches attention of global hydrogen role-players

By: Simone Liedtke     14th October 2021 As global momentum continues to grow across the hydrogen industry, South Africa’s opportunity to produce zero carbon hydrogen has “caught the attention of the global energy players”, says Trade, Industry and Competition deputy Minister Fikile Majola. Coinciding with this global growth in interest... 

South African nuclear entity signs memorandum with its South Korean counterpart

By: Rebecca Campbell     14th October 2021 The South African Nuclear Energy Corporation (Necsa) on Wednesday signed a memorandum of understanding (MoU) with the (Republic of) Korea Atomic Energy Research Institute (Kaeri), the South African State-owned entity announced on Thursday. The MoU was signed in a virtual ceremony, came into... 

More than 30 developments in the pipeline in Cape Town CBD – report

By: Irma Venter     14th October 2021 The economy of the Cape Town central business district (CBD) remained stable in 2020, despite Covid-19, with the official nominal value of all property set at R43.8-billion by the City of Cape Town, and with 31 new developments worth more than R6.9-billion in the pipeline. This is the key finding... 

Image of the Cape Town city centre

Company establishes green rare earth fluoride manufacturing plant based on Necsa intellectual property 

By: Donna Slater     14th October 2021 Over the past two years, Pretoria-based rare earth (RE) minerals refinery Rare Earth Refiners (RER) has designed, built and commissioned a demonstration plant for the green production of RE fluorides using a R15-million grant from the Technology Innovation Agency (TIA). REs, and especially... 

An image of the rare earth fluoride production machine based on intellectual property developed by the South African Nuclear Energy Corporation
The rare earth fluoride production machine based on intellectual property developed by the South African Nuclear Energy Corporation

Joffe to step down as CEO, take over as chairperson of Long4Life

By: Creamer Media Reporter      14th October 2021 JSE-listed Long4Life, which has reported a pleasing operating and financial performance for the six months ended August 31, has announced that Brian Joffe will relinquish his position as CEO at the end of the 2022 financial year, at which time he will take over as chairperson. Current chairperson... 

Rolls-Royce, Airbus & Shell jointly seek massive increase in use of sustainable aviation fuels

By: Rebecca Campbell     14th October 2021 Aeroengine manufacturer Rolls-Royce, airframer Airbus and fuel and energy group Shell jointly announced on Thursday that they were all working to massively increase the use of 100% sustainable aviation fuel (SAF), at an accelerated tempo, by long-haul commercial aviation. The use of SAF was... 

Cotton farming provides diversification options for South African canegrowers

By: Creamer Media Reporter      14th October 2021 The SA Canegrowers Association will present the outcomes of a recently concluded cotton diversification pilot project to the Sugarcane Value Chain Masterplan Task Team on diversification. "These findings represent an exciting new avenue for the sugar industry to explore in pursuit of viable... 

Development banks told to ramp up green ambitions ahead of COP26

By: Bloomberg     14th October 2021 The world’s multilateral development banks (MDBs) must boost their green ambitions to stop carbon emissions from soaring in the most powerful economies, according to the 'Climate Transparency Report 2021'. Covid-19 lockdowns caused carbon dioxide emissions from the energy sector to fall 6% in... 

Transnet investigating second fire at the Port of Richards Bay

By: Creamer Media Reporter      14th October 2021 State-owned Transnet is investigating a second fire incident at the Port Richards Bay after a fire broke out at one of the terminals on October 13. The cause of the fire has not yet been established and an investigation is under way. 

Numsa rejects new wage offer, engineering strike continues

By: Reuters     14th October 2021 South Africa's biggest engineering union, Numsa, has rejected a new wage offer as a national strike that has already hit output at car maker BMW enters its second week on Thursday, employer body Seifsa said. The National Union of Metalworkers of South Africa (Numsa), with around 155,000 members... 

A photo of striking Numsa members

Energy inequality makes a hotter world deadlier for poor nations

By: Bloomberg     14th October 2021 A warmer planet will shape the type and amount of energy we use. Air conditioning is likely to become critical, while rich populations in temperate areas will save money by dodging heating costs during winter. But how will poor communities in hot locations protect themselves from rising... 

Eni to exit South Africa offshore oil block amid tech challenges

By: Bloomberg     14th October 2021 Eni is pulling out of plans to explore for oil with Sasol in a large block off South Africa’s southeast coast due to concerns over the technical challenges of drilling in deep waters, according to two people familiar with the decision. The people asked not to be identified as the matter is private. 

Kosmos, GNPC to buy Occidental’s Ghana assets for $750m

By: Bloomberg     14th October 2021 Kosmos Energy and Ghana National Petroleum Corp agreed to buy Occidental Petroleum Corp’s oil assets in the West African country for a combined $750-million. Kosmos will pay $550-million while GNPC will pay $200-million for the Houston-based company’s interests in the Jubilee and TEN offshore... 

Mantashe opposes coal ban for climate aid

By: Bloomberg     14th October 2021 Rich nations shouldn’t force South Africa to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, the country’s energy minister said. Gwede Mantashe last month skipped a meeting with climate envoys from the UK, US,... 

A photo of Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

IHS announces IPO pricing

By: Creamer Media Reporter      14th October 2021 Telecommunications shared infrastructure independent owners, operators and developers IHS Holdings has announced the pricing of its initial public offering (IPO) of IHS Towers’ 18-million ordinary shares at a public offering price of $21 a share. MTN, in a statement issued on October 14, said... 

UHURU unpacks common misconceptions on hydrogen 

14th October 2021 The world is in the process of determining cleaner energy forms for baseload, storage and decarbonisation, which are not always economically viable, according to energy company UHURU Africa. The company poses that biomass can support solar, wind and hydro energy. Marleny Arnoldi gathered some... 

UHURU unpacks common misconceptions on hydrogen
UHURU unpacks common misconceptions on hydrogen

Nissan introduces made-in-SA Navara single-cab bakkie

By: Irma Venter     14th October 2021 Following the introduction of the new Navara double-cab bakkie in June, Nissan South Africa has announced that it will round out the range with the launch of the single-cab derivative in October. As is the case with the double cab, the single-cab pickup is produced at the Nissan Rosslyn plant, in... 

Image of a Navara single-cab bakkie

Eskom confirms load-shedding to be suspended on Thursday, but warns system constraints remain

By: Creamer Media Reporter      13th October 2021 Power utility Eskom on Wednesday evening confirmed that load-shedding would be suspended from 05:00 on Thursday morning, but warned that there were still significant risks to some generating units, which could force Eskom to implement load-shedding at short notice should it lose further... 

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