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Latest News

DRDGold declares cash dividend 

By: Martin Creamer     15th May 2020 The board of DRDGold has declared a cash dividend of 25 c a share for the quarter ended March 31, the surface gold mining company said on Friday. The Johannesburg- and New York-listed DRDGold, headed by CEO Niël Pretorius, said in a stock exchange news service (SENS) announcement that the... 

Niasa highlights funding options for new nuclear power 

By: Rebecca Campbell     15th May 2020 The Nuclear Industry Association of South Africa (Niasa) has highlighted a range of options for the financing of new nuclear power plants (NPPs) in South Africa. This followed the recent announcement to Parliament’s Portfolio Committee on Mineral Resources and Energy by Mineral Resources and... 

Intelligent automation can enable services, commerce without physical contact

By: Schalk Burger     15th May 2020 The use of intelligent automation can allow for business processes to operate more effectively, while also reducing physical contact, such as at healthcare facilities, by reducing or removing manual and physical processes, says consultancy firm EY Africa intelligent automation lead Paul St... 

Online platforms should adapt to ensure post-Covid-19 survival

By: Donna Slater     15th May 2020 With people around the world increasingly using Web-based platforms to communicate, buy, sell and otherwise inform themselves about current affairs, Accenture technology practice MD Kirtan Sita says such platforms need to prioritise and implement essential functions that come with this vital... 

Tips launches Covid-19 weekly monitor

By: Donna Slater     15th May 2020 To assist individuals, economic stakeholders and policy makers in managing the Covid-19-related risks of re-opening the South African economy, the Trade and Industrial Policy Strategies (Tips) is launching a weekly monitor to track the spread of Covid-19 and its impact on the economy. To be... 

Digital solutions can assist agricultural export sector during Covid-19

By: Donna Slater     15th May 2020 Technology that can be used by the agricultural industry plays an increasingly important role as has recently become evident in the efficiencies it can drive in the food industry as Covid-19 disrupts various businesses, says start-up tech business Agrigate One CEO Greg Whitaker. He says the... 

US donates 730 000 masks for South Africa's health department

By: Donna Slater     15th May 2020 The US government, through the US Department of Defense’s Defense Threat Reduction Agency’s Biological Threat Reduction Programme (BTRP), has procured and started distributing 729 000 protective masks to South Africa’s Department of Health (DoH) to help curb the spread of Covid-19. The masks,... 

US donates 730 000 masks for South Africa's health department

Boeing launches initiative to give people the confidence to resume flying

By: Rebecca Campbell     15th May 2020 Global major US aerospace group Boeing has launched a Confident Travel Initiative to help restore commercial air travel following the Covid-19 pandemic. Severe flight restrictions and national lockdowns by many countries have devastated commercial air passenger travel around the world. Boeing... 

Adcock's acquisition of Plush Professional Leather Care now unconditional

By: Tasneem Bulbulia     15th May 2020 JSE-listed Adcock Ingram has announced that all conditions precedent, including regulatory approval, for its acquisition of Plus Professional Leather Care, have been met and the acquisition is now unconditional. The final closing of the transaction will take place before the end of May. 

PRASA appoints new CFO

By: Marleny Arnoldi     15th May 2020 The Passenger Rail Agency of South Africa (PRASA) has appointed Krishna Govender CFO, effective immediately. Govender is a chartered accountant and has almost 25 years’ experience in accounting and financial management, which he gained from various entities in both the public and private... 

PRASA appoints new CFO
PRASA CFO Krishna Govender

Sappi cancels €250m senior notes offering

By: Tasneem Bulbulia     15th May 2020 A day after announcing plans to issue €250-million of senior notes, paper and pulp producer Sappi on May 15 said it had decided not to proceed with the proposed offering, as a result of unsatisfactory market conditions. The company noted that it had a long history of prudent and proactive balance... 

UIF now pays TERS funds directly to employees, ups call centre capacity

By: Marleny Arnoldi     15th May 2020 On May 14 alone, the Unemployment Insurance Fund (UIF) paid out R836-million in Covid-19 Temporary Employer / Employee Relief Scheme (TERS) claims. This benefited 195 521 workers, which are represented by 8 495 employers.  

UIF now pays TERS funds directly to employees, ups call centre capacity
Photo by Creamer Media's Donna Slater
Labour Minister Thulas Nxesi

BBC raises small business concerns with department

By: Marleny Arnoldi     15th May 2020 The Black Business Council (BBC) and the Department of Small Business Development (DSBD) on May 8 held a virtual meeting to discuss the relief measures implemented by the department in response to Covid-19 and the Small Business Master Plan. The discussion was led by Minister Khumbudzo Ntshavheni... 

Helios acquires 65 wireless telco sites in South Africa

By: Natasha Odendaal     15th May 2020 Independent telecommunications tower infrastructure company Helios Towers plans to acquire 65 wireless telecommunications sites in South Africa through a deal between its South African subsidiary HTSA Towers and Eagle Towers. The transaction aligns with the group’s strategy of broadening its... 

AfDB approves $13.7m for Zim Covid-19 response

By: Sane Dhlamini     15th May 2020 Zimbabwe will receive a $13.7-million grant from the African Development Bank to bolster its health system in the fight against the Coronavirus pandemic. The grant will strengthen support for frontline responders and health personnel and boost the country’s Global Health Security Index. The... 

AfDB approves $13.7m for Zim Covid-19 response

Covid-19 to result in contraction, increased instability and regionalism

By: Nadine James     15th May 2020 The Covid-19 pandemic is likely to result in increased geopolitical instability, recessions and a shift away from globalisation, speakers said during a May 14 webinar, titled 'Covid-19: Political And Geopolitical Risks', hosted by risk and industry research company Fitch Solutions. The speakers... 

Dr Sandile Buthelezi appointed as Health DG 

By: Thabi Madiba     15th May 2020 The Department of Health on Friday announced the appointment of South African National Aids Council CEO Dr Sandile Buthelezi as the department’s incoming director-general. The department noted Buthelezi’s 15-year experience in health governance, policy and programme management  and said he was... 

Dr Sandile Buthelezi appointed as Health DG

Aspen focused on maintaining production during pandemic

By: Tasneem Bulbulia     15th May 2020 JSE-listed Aspen’s immediate focus under Covid-19 has been to establish processes aimed at ensuring optimum production and the responsible allocation of essential drugs through a heightened focus on its production and supply chain activities. Aspen is experiencing an elevated demand for certain... 

Covid-19 could exacerbate food insecurity, malnutrition in Africa – WHO

By: Sane Dhlamini     15th May 2020 The World Health Organization has expressed concern at the potential impact of the coronavirus on food security, which it says could worsen malnutrition in Africa. WHO Regional Director for Africa Dr Matshidiso Moeti has warned that the virus is threatening livelihoods and household economies... 

Covid-19 could exacerbate food insecurity, malnutrition in Africa – WHO

Project launched to facilitate essential air cargo supplies to South Africa

By: Rebecca Campbell     15th May 2020 A South African business development company, ‘tvg&associates’ (TVG), has launched a project to coordinate the air transport of essential medical supplies to the country, using charter operations. This initiative, dubbed Operation Warhorse, is supported by the South African Association of Freight... 

Covid-19 catalysing cooperation in water sector

By: Donna Slater     15th May 2020 Water Research Commission CEO Dhesigen Naidoo has said the Covid-19 pandemic was encouraging different water sector role-players to open channels of communication and use digital tools to further their goals of making clean and safe water available to an increased number of people and... 

Covid-19 catalysing cooperation in water sector
Photo by Creamer Media's Donna Slater
Water Research Commission CEO Dhesigen Naidoo

WHO urges African countries to prioritise malnutrition, food scarcity issues

By: Marleny Arnoldi     15th May 2020 The World Health Organisation (WHO) has expressed concern about the potential impact of Covid-19 on food security, which will exacerbate the already significant burden of malnutrition in Africa. WHO Africa regional director Dr Matshidiso Moeti says Covid-19 is unfolding in Africa against a... 

WHO urges African countries to prioritise malnutrition, food scarcity issues

International bioeconomy development group to expand its South African initiative 

By: Rebecca Campbell     15th May 2020 The international bioeconomy development and promotion organisation, RSB, hopes to launch a Bioeconomy Initiative Platform in South Africa later this year. This platform has been shaped with inputs from business, non-governmental organisations (NGOs) and government. It will function as an... 

Dept reaching out to domestic workers, farm labourers to apply for UIF lockdown benefits

By: Tasneem Bulbulia     15th May 2020 In its quest to ensure that no worker in need is left behind, the Department of Employment and Labour (DEL) is making all efforts to reach domestic workers and farm labourers so that they can benefit from the Covid-19 relief scheme. The scheme, which is part of the basket of government-wide... 

Open up the supply chain, Road Freight Association urges government  

By: Irma Venter     15th May 2020 The Road Freight Association (RFA) is urging government to open up all sectors of the economy to “lessen the already devastating economic impact of the lockdown and Covid-19”. “The movement of both goods and people is vital for the wheels of South Africa’s economy to keep turning,” says RFA CEO... 

Open up the supply chain, Road Freight Association urges government 

Motor vehicle dealers ready for reopening, says dealer association 

By: Irma Venter     15th May 2020 Motor vehicle dealers in South Africa selling both new and used vehicles are ready for the reopening of trade, as announced by government this week, says National Automobile Dealers Association (NADA) chairperson Mark Dommisse. NADA has more than 1 300 members including 85% of all new-vehicle... 

Motor vehicle dealers ready for reopening, says dealer association
Mark Dommisse

Sasol to mull adding pipeline, Qatar plant to disposal plan

By: , Bloomberg     15th May 2020 Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10-billion debt pile, people with knowledge of the matter said. South Africa’s biggest company by revenue is working with... 

South Africa to assign coronavirus restrictions by district – minister

By: Reuters     15th May 2020 South Africa will assign levels of lockdown restrictions for each of the country's roughly 50 districts, depending on the number of active coronavirus infections there, Health Minister Zweli Mkhize said on Thursday. The National Coronavirus Command Council, the government body overseeing efforts... 

South Africa to assign coronavirus restrictions by district – minister
Health Minister Zweli Mkhize

Majority of those working from home have not received cybersecurity training, guidance

By: Schalk Burger     15th May 2020 Three-in-four (73%) employees working from home have not yet received any specific cybersecurity awareness guidance or training to keep themselves secure from risks, a report published by cybersecurity multinational Kaspersky shows. While it can be more difficult to control the security of... 

Amid pandemic, short-term business risks need to be managed

By: Schalk Burger     15th May 2020 Upper-level management and executives will need to take the role of governance, risk and compliance teams very seriously during this time and in the months ahead, says legal and business information and analytics service multinational LexisNexis South Africa legal and compliance divisional... 

Local blockchain solution shortlisted for global award

By: Schalk Burger     15th May 2020 Blockchain construction contract management solution Sherlock, developed by DoshEx, has been selected as one of three shortlisted candidates for the Blockchain Trailblazer category of the 2020 IBM Beacon Award. An enterprise-ready smart contract management and administration solution, Sherlock... 

As firms reopen and pandemic lingers, health and safety obligations rise

By: Nadine James     15th May 2020 By now, most people are aware of measures prescribed by the World Health Organisation to help prevent the spread of Covid-19. However, given the phased reopening of the South African economy, it is prudent to consider the health and safety protections afforded employees through existing... 

As firms reopen and pandemic lingers, health and safety obligations rise

Anglo American to move corporate office to Rosebank

By: Martin Creamer     14th May 2020 Diversified mining company Anglo American, while committing to upholding the legacy of its historic central business district (CBD) presence in downtown Johannesburg, has decided to relocate its Johannesburg CBD colleagues to a new consolidated corporate office in Rosebank, north of the city... 

Anglo American to move corporate office to Rosebank
Photo by Anglo American
Historic Anglo American corporate offices in central Johannesburg.

Moolmans remobilises after lockdown, but Aveng warns of liquidity risks

By: Terence Creamer     14th May 2020 Construction and engineering group Aveng reports that the group’s South African contract-mining subsidiary, Moolmans, has recommenced full operations at the majority of its opencast contracts, while its underground project at Platreef is operating at 50% of capacity in line with South Africa’s... 

Business wants swift action on inappropriate level 4 regulations, as e-commerce opens 

By: Terence Creamer     14th May 2020 Business for South Africa (B4SA) has called for swift amendments to those Covid-19 level 4 lockdown regulations that President Cyril Ramaphosa has acknowledged to be unclear and contradictory and has again called for preparations to be accelerated for an orderly and rapid transition through... 

Business wants swift action on inappropriate level 4 regulations, as e-commerce opens
Photo by Creamer Media
Martin Kingston

Rolls-Royce release virtual reality training system for business jet engines

By: Rebecca Campbell     14th May 2020 UK-based industrial technology group Rolls-Royce has expanded its immersive virtual reality (VR) training system to include its BR725 aeroengine. The BR725 has been developed to power large business jets and is, for example, the powerplant for the Gulfstream G650 executive jet (the current... 

Rolls-Royce release virtual reality training system for business jet engines
Photo by Rolls-Royce
An image of the BR725 engine on an aircraft, taken from the VR training programme

Glencore beats emissions target, sets out to deliver safety step change 

By: Martin Creamer     14th May 2020 Diversified mining and marketing company Glencore significantly surpassed its emission target in 2019 but described its safety performance as being unacceptable. In announcing the publication on its website of its 2019 Sustainability Report as well as its environment, social and governance (ESG)... 

Glencore beats emissions target, sets out to deliver safety step change
Glencore’s head of sustainable development Anna Krutikov

GreenCape highlights green economy growth opportunities

By: Simone Liedtke     14th May 2020 In response to changing market demand, energy services providers are broadening their market offerings, opening up opportunities for equipment suppliers, project developers, technical advisers and investors, reports nonprofit organisation GreenCape. The organisation has published online versions... 

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