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Latest News

New study indicates that Venus has active volcanoes

By: Rebecca Campbell     21st July 2020 The use of more refined numerical models of thermo-mechanical processes beneath the surface of the planet Venus has led a joint University of Maryland (in the US) and the Zurich Federal Institute of Technology (in Switzerland) research team to propose that there could be 37 active volcanoes on... 

Radisson Group to build six new hotels in Africa

By: Donna Slater     21st July 2020 Radisson Hotel Group is adding another six new hotels to its African portfolio, with one each planned in Durban and Kempton Park – bringing the total to almost 100 hotels across 32 African markets.   Radisson Hotel Group executive VP and chief development officer Elie Younes says the addition of... 

Radisson Group to build six new hotels in Africa
An artist's impression of the Radisson Hotel & Convention Centre Johannesburg

Covid-19 infrastructure response should focus on water and sanitation

By: Natasha Odendaal     21st July 2020 Water and sanitation infrastructure should be a top priority as South Africa recovers from the devastation of the Covid-19 pandemic-guided restrictions. A new Trade and Industrial Policy Strategies (TIPS) policy brief proposes an infrastructure and job creation response based on improving the... 

TBCSA appoints legal heavyweights as it considers legal route to reopen industry

By: Donna Slater     21st July 2020 The Tourism Business Council of South Africa (TBCSA) has appointed attorneys and a senior counsel as it considers a legal route to try and ease government-imposed restrictions under Covid-19 Alert Level 3. The TBCSA states that the industry suffers a loss of more than R748-million for every day... 

Latest quarters point to recovery as Wescoal reports R137m loss  

By: Martin Creamer     21st July 2020 Coal-mining company Wescoal reported a R137-million loss for the 12 months to March 31, but performance in the latest two consecutive quarters has all the hallmarks of putting the coal-mining company back on the recovery path. Speaking to Mining Weekly on Tuesday, Wescoal CEO Reg Demana said the... 

Latest quarters point to recovery as Wescoal reports R137m loss
Photo by Creamer Media
Wescoal CEO Reg Demana

Redefine Properties appoints Diane Radley to board of directors

By: Tasneem Bulbulia     21st July 2020 JSE-listed diversified real estate investment trust Redefine Properties has appointed Diane Radley as an independent nonexecutive director. The appointment is in line with Redefine’s stated intention of strengthening governance and board independence, broadening diversity and bolstering skills on... 

Redefine Properties appoints Diane Radley to board of directors
Diane Radley

UK launches major green aviation research and development programmes

By: Rebecca Campbell     21st July 2020 The British government and aerospace industry are to jointly invest £400-million in researching and developing technologies that will reduce the environmental impact of aviation. The initiative, announced on Monday on the first day of a virtual Farnborough International Airshow, will see the... 

Ariya electric car, five SUVs to come to SA, says Nissan SA 

By: Irma Venter     21st July 2020 Nissan South Africa (Nissan SA) will launch seven new models in South Africa in the next two years, in an effort to streamline its product portfolio in line with international developments at the Japanese manufacturer, says CEO Shinkichi Izumi. These launches will have a strong focus on... 

Ariya electric car, five SUVs to come to SA, says Nissan SA

Zutari geared with creative, collaborative approaches for infrastructure-led recovery in Africa  

By: Marleny Arnoldi     21st July 2020 After demerging from the global engineering and advisory brand Aurecon on January 1, Aurecon Africa has emerged as Africa’s newest engineering consultancy and is now called Zutari. Zutari CEO Dr Gustav Rohde says that although it is a “new” company, it is really one of the oldest in the industry... 

Zutari geared with creative, collaborative approaches for infrastructure-led recovery in Africa
Zutari CEO Gustav Rohde discusses the new company's Africa-centric approach

Study calls for extension of moratorium on transport height restrictions  

By: Irma Venter     21st July 2020 Many South African industries, especially the fruit industry, could suffer major financial losses if they are not allowed to transport their goods in high-cube containers beyond June, next year, indicates a new Master’s degree study. This is when government’s seven-year moratorium (running from... 

Study calls for extension of moratorium on transport height restrictions 
Tiffany Adams

Industry team supporting UK advanced fighter technology programme gets new members

By: Rebecca Campbell     21st July 2020 UK-based global major aerospace and defence group BAE Systems announced on Monday that seven additional British-based companies had joined Britain’s Team Tempest future air combat advanced technologies development programme. Team Tempest was a joint initiative between the British Ministry of... 

Industry team supporting UK advanced fighter technology programme gets new members
Photo by UK Ministry of Defence
An artist’s impression of what a fighter developed using Team tempest technologies might look like.

AfDB says $400m loan for LNG project in line with Moz country strategy

By: Terence Creamer     21st July 2020 African Development Bank (AfDB) is the latest financial institution to confirm funding for the $20-billion Mozambique Liquefied Natural Gas (LNG) project, which is being developed by a Total-led consortium in northern Mozambique. In a statement, the development finance institution announced that... 

Creecy moves ahead with plan to declare coal and gold towns as renewables zones

By: Terence Creamer     21st July 2020 Environment, Forestry and Fisheries Minister Barbara Creecy has called for public comment on government’s intention to add three more Renewable Energy Development Zones (REDZs) to the eight that have already been proclaimed for the purpose. Renewable-energy projects located within the boundaries... 

Creecy moves ahead with plan to declare coal and gold towns as renewables zones

Mboweni says he has no plan to use emergency powers to fund SAA 

By: African News Agency      21st July 2020 Finance Minister Tito Mboweni has said in court papers that he has taken no decision to use emergency powers to avail money from the National Reserves Fund to South African Airways to bankroll its business rescue plan. Mboweni, in an affidavit submitted in response to an urgent court application... 

 Mboweni says he has no plan to use emergency powers to fund SAA

AIF partners unveil Covid-19 response to support Africa’s private sector

By: Tasneem Bulbulia     21st July 2020 Increased and decisive investment will be the channel for Africa’s economic recovery post Covid-19, partners of the Africa Investment Forum (AIF) said last week, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises. “Africa will come out of... 

Run-of-river hydropower partnership extended to Burundi projects

By: Terence Creamer     21st July 2020 Africa-focused independent power producer Tembo Power has announced that its strategic partnership with WK Construction has been extended to the 7.5 MW Dama and 12 MW Siguvyaye run-of-river hydropower projects located in the south-west region of Burundi. WK Construction is already the preferred... 

Run-of-river hydropower partnership extended to Burundi projects
The Kaptis project site in Kenya

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer     21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... 

DBSA confirms financing of $120m for giant Mozambique LNG project

Balwin secures property in Mooikloof after years of negotiation

By: Marleny Arnoldi     21st July 2020 JSE-listed Balwin Properties has concluded a sale agreement with Century Property Developments, in terms of which it will buy a portion of the Farm Rietfontein 375 property, in Mooikloof, Pretoria East. Balwin has been negotiating with the seller for the last five years to acquire an area of... 

Datatec reduces operating costs as revenues tread slightly down

By: Natasha Odendaal     21st July 2020 Information and communications technology group Datatec reported slightly lower group revenues for the period from March to June compared with the revenues for the four months ended June 30, 2019. However, significantly lower operating costs during the period under review boosted operating... 

Nxesi, Mantashe admitted to hospital after testing positive for Covid-19

By: Tasneem Bulbulia     21st July 2020 Employment and Labour Minister Thulas Nxesi and Mineral Resources and Energy Minister Gwede Mantashe have both been admitted to hospital after having tested positive for Covid-19. Both Ministers tested positive about a week ago. Mantashe's wife Nolwandle has also tested positive for Covid-19 and... 

Nxesi, Mantashe admitted to hospital after testing positive for Covid-19
Mineral Resources and Energy Minister Gwede Mantashe

Pan African does it again with exciting rich vein of gold at New Consort  

By: Martin Creamer     21st July 2020 London-, Johannesburg- and now also New York-listed Pan African Resources continues to demonstrate the resilience of its operations with an improved all-round performance, despite the challenges posed by the Covid-19 pandemic. In the last year, Pan African has taken strong steps to reduce all-in... 

Pan African does it again with exciting rich vein of gold at New Consort
Pan African CEO Cobus Loots interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Commuter rail sector urged to prepare for the future  

By: Tasneem Bulbulia     20th July 2020 South Africa's commuter rail industry must, while dealing with the immediate challenges of navigating through the Covid-19 pandemic, also ensure that it positions itself as a safer, more advanced and functional mode of public transport for the future, Gautrain Management Agency CEO William Dachs... 

Commuter rail sector urged to prepare for the future

Transnet Freight Rail introduces decentralised operational model

By: Marleny Arnoldi     20th July 2020 Transnet Freight Rail (TFR) has introduced a new operating model that will bring about greater efficiencies for customers, it says. The model has decentralised key responsibilities to ensure a more responsive rail freight network that is better equipped to service the South African economy.  

MTN opens academic element of yearly App of Year Awards

By: Natasha Odendaal     20th July 2020 Telecommunications group MTN hopes to build an ecosystem of budding problem-solving entrepreneurs and businesspeople as it introduces an academic element to the 2020 edition of the MTN Business App of the Year. The MTN Business App of the Year Awards, now in its ninth year, will see the... 

Capitec CEO awarded USB Alumnus of the Year

By: Marleny Arnoldi     20th July 2020 Capitec CEO Gerrie Fourie was been named Alumnus of the Year 2019 by the University of Stellenbosch Business School (USB). The award is reportedly the highest honour given to alumni of the university on behalf of the Alumni Association.  

Sars losing out on R5bn in excise duties, says alcohol industry

By: Marleny Arnoldi     20th July 2020 The renewed prohibition of alcohol sales has resulted in the South African alcohol industry having no choice but to apply for a deferment of payment of excise duties to the South African Revenue Service (Sars) valued at R5-billion for July and August. In a statement issued on behalf of the... 

Sars losing out on R5bn in excise duties, says alcohol industry

Arab world’s first interplanetary probe launched

By: Rebecca Campbell     20th July 2020 The Hope (in Arabic, Al Amal) space probe of the United Arab Emirates Space (UAE) Agency was successfully launched on Sunday from Japan’s Tanegashima Space Centre (located on an island in Kagoshima prefecture, in the far south of the country) by a Mitsubishi Heavy Industries H-IIA rocket. The... 

Denel Group CEO suddenly resigns 

By: Rebecca Campbell     20th July 2020 State-owned defence industrial group Denel announced on Monday that its Group CEO, Danie du Toit, had resigned. Although the group is the country’s largest defence company, it is severe financial difficulties. Denel stated that Du Toit would leave the organisation on August 15. It gave no reason... 

Invicta sells agricultural equipment businesses

By: Marleny Arnoldi     20th July 2020 Investment holding and management company Invicta Holdings will sell four businesses owned by its subsidiary Humulani Marketing to CNH Industrial. The businesses being sold are Northmec, NHSA, CSE and Landboupart.  

Santaco hits back at Cosatu strike threats over taxi load capacity

By: News24Wire      20th July 2020 The South African National Taxi Council has said labour federation the Congress of South African Trade Union's threat to strike over the full loading capacity regulation for some taxis is unfortunate and disingenuous. "Santaco's battle with government has been nothing except for the survival of... 

Santaco hits back at Cosatu strike threats over taxi load capacity

LPG association rebrands

By: Tasneem Bulbulia     20th July 2020 Industry organisation the Liquefied Petroleum Gas Safety Association of South Africa has changed its name to the Liquefied Petroleum Gas Association of South Africa (LPGSA). The name change reflects a strategic shift to broaden LPGSA’s mandate to not only promote the safe, compliant use of LPG... 

South32 shuts Metalloys temporarily, expects $7m restructuring costs  

By: Martin Creamer     20th July 2020 Diversified mining company South32 has placed the manganese alloys Metalloys smelter in Meyerton, Gauteng, on temporary care and maintenance. The Sydney- and Johannesburg-listed company stated in its June 2020 quarterly report on Monday that it had taken this decision after consideration of the... 

South32 shuts Metalloys temporarily, expects $7m restructuring costs
Photo by Creamer Media
South32 Metalloys in Meyerton, Gauteng.

PRASA to recruit 3 100 additional security guards

By: Marleny Arnoldi     20th July 2020 The Passenger Rail Agency of South Africa (PRASA) has started a recruitment process to employee 3 100 security guards to protect its rail infrastructure and other assets. The recruitment drive will include static and train guards, operations monitoring controllers and armed response guards.  

Exxaro, SBI partner again on small business initiatives

By: Marleny Arnoldi     20th July 2020 JSE-listed diversified miner Exxaro and the Small Business Institute (SBI) have announced they will collaborate to promote the development of small and medium-sized enterprises (SMEs) in South Africa. The partnership will focus on the functional and economic viability of small towns beyond the... 

Exxaro, SBI partner again on small business initiatives
Photo by Creamer Media's Donna Slater
Exxaro CEO Mxolisi Mgojo

BLSA's Mavuso bemoans lack of transparency, engagement on alcohol ban

By: Marleny Arnoldi     20th July 2020 Business Leadership South Africa (BLSA) CEO Busi Mavuso says President Cyril Ramaphosa should learn to trust the citizens of the country, following the imposition of a new ban on alcohol sales. “Being secretive – denying the public access both to the discussions on how major decisions are made... 

Ramaphosa urges youth to take economic opportunities during Covid-19 

By: Sane Dhlamini     20th July 2020 President Cyril Ramaphosa has applauded South Africa’s entrepreneurial youth for using the Covid-19 pandemic to create good business ideas and he is calling on more young South Africans, particularly in townships, to take advantage of economic opportunities during this time. In his weekly address... 

Ramaphosa urges youth to take economic opportunities during Covid-19
President Cyril Ramaphosa

Rain, Huawei launch standalone 5G network

By: Creamer Media Reporter      20th July 2020 South African data-only mobile network rain and information and communications technology giant Huawei have launched a commercial standalone fifth-generation (5G) network in Cape Town. The standalone network, believed to be one of first in Africa, is built on rain's own sites to enhance the... 

Renergen to host LNG auction 

By: Marleny Arnoldi     20th July 2020 Emerging natural gas producer Renergen will host South Africa’s first-ever liquid natural gas (LNG) auction. The company has invited interested parties to apply to bid for the allocation of LNG, which will be produced at Renergen’s Virginia gas project, in the Free State.  

Renergen to host LNG auction
Drilling at Virginia Gas project
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