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Latest News

Altron CFO resigns

By: Natasha Odendaal     31st May 2021 JSE-listed Allied Electronics (Altron) CFO and executive director Cedric Miller has resigned, effective June 30. Miller, who took up the CFO role in May 2019, will provide support until July 31, undertaking a comprehensive handover to appointed acting CFO Nicholas Bofilatos, who will assume the... 

Ramaphosa moves the country to adjusted Level 2

By: News24Wire      31st May 2021 President Cyril Ramaphosa has moved the country to adjusted level 2 from Monday. As part of the regulations that kick in at midnight, indoor gatherings have been reduced from 250 to 100, outdoor events will now accommodate 250 people instead of 500, or 50% of their capacity if the venue is too... 

Ramaphosa moves the country to adjusted Level 2
President Cyril Ramaphosa

Project house DRA applies for secondary inward JSE listing 

By: Martin Creamer     29th May 2021 The 37-year-old South Africa-rooted project house DRA Global has applied for a secondary inward listing on the JSE under the main board’s construction and materials, engineering and contracting services sector. The diversified engineering, project and operations management group – now... 

Project house DRA applies for secondary inward JSE listing
Pan African Resources’ Elikhulu...one of DRA's gold projects.

Technology innovation ecosystem needs to recycle skills, capital

By: Schalk Burger     28th May 2021 Technology venture capital company General Catalyst MD Adam Valkin on May 27 said the flywheel of a successful new and emerging technologies ecosystem is the recycling of capital and talent within the ecosystem. "This means having successful companies, which allow the founders to start new... 

Transnet engages local communities, businesses on Richard Bay port plans

By: Schalk Burger     28th May 2021 State logistics company Transnet on May 28 shared its plan for the strategic industrial Port of Richards Bay with the local mayor, business community and ten traditional leaders in Umhlathuze and the surrounding areas. The port is set to play a core role in Transnet's Natural Gas strategy and... 

Total transforming to TotalEnergies

By: Tasneem Bulbulia     28th May 2021 Energy company Total’s shareholders have, almost unanimously, approved a resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. The approval was given at an ordinary and extraordinary... 

Total transforming to TotalEnergies
TotalEnergies

Alien plant and animal species responsible for significant biodiversity degradation 

By: Donna Slater     28th May 2021 A report released by the Department of Forestry, Fisheries and the Environment (DFFE) on May 28, finds that biological invasions are the third-largest threat to South Africa’s biodiversity after cultivation and land degradation, and are responsible for 25% of all biodiversity loss. The second... 

Alien plant and animal species responsible for significant biodiversity degradation
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and the Environment Minister Barbara Creecy

Nampak records solid interim results  

By: Tasneem Bulbulia     28th May 2021 Packaging company Nampak recorded “very pleasing” results for the six months ended March 31, despite the ongoing restrictions on trading caused by the Covid-19 pandemic, CEO Erik Smuts said at a presentation of the company’s interim results on May 28. Overall group profitability improved, driven... 

Nampak records solid interim results
Nampak CEO Erik Smuts outlines the group’s performance for the six months ended March 31; and its outlook.

Tribunal approves merger involving OMAI, ACTOM Investment Holdings

By: Tasneem Bulbulia     28th May 2021 The Competition Tribunal has unconditionally approved a merger involving Old Mutual Alternative Investments (OMAI) and ACTOM Investment Holdings. OMAI will, through its subsidiary OMPE V GP, acquire shares in ACTOM Investment Holdings, following the tribunal’s unconditional approval of the... 

International partnership to strengthen medical equipment financing in Africa

By: Schalk Burger     28th May 2021 Medical equipment company GE Healthcare and financial services company NSIA Banque Côte d’Ivoire have partnered with development finance institution the International Finance Corporation's (IFC’s) Africa Medical Equipment Facility to support healthcare providers in Cameroon, Côte d’Ivoire, Kenya,... 

Report documents dangerous increase in illicit alcohol trade

By: Simone Liedtke     28th May 2021 A report by market research company Euromonitor International has indicated that illicit alcohol trade in South Africa has grown at a compound annual growth rate (CAGR) of 17% since 2017 and now stands at 12% of the R177.2-billion total industry market value. In volume terms, illicit trade made... 

Nemwa amendments aimed at increasing recovery of products to be recycled  

By: Simone Liedtke     28th May 2021 Waste management and plastic recycling are a significant challenges in South Africa and recent amendments to Section 18 of the National Environmental Management and Waste Act (Nemwa) regulations call for producer responsibility organisations (PROs) to cooperate with municipalities to increase the... 

Nemwa amendments aimed at increasing recovery of products to be recycled
Plastics SA executive director Anton Hanekom gives more insight into recent amendments to Section 18 of the National Environmental Management and Waste Act (Nemwa). Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Delicate balancing act to be upheld as third wave of infections looms, says association

By: Simone Liedtke     28th May 2021 As the third wave of Covid-19 infections looms over South Africa, the Federated Hospitality Association of South Africa (Fedhasa) says there is a “delicate balancing act” to be upheld as government is faced with addressing the pandemic through further restrictions, while ensuring those... 

Delicate balancing act to be upheld as third wave of infections looms, says association

Competition Tribunal approves two separate renewable energy transactions

By: Donna Slater     28th May 2021 The Competition Tribunal has unconditionally approved two mergers, by the same acquiring firm in the renewable energy sector after determining that both transactions are unlikely to substantially prevent or lessen competition in any relevant market, or have a negative impact on the public... 

Nasa’s Mars helicopter had in-flight problem on its sixth mission

By: Rebecca Campbell     28th May 2021 The US National Aeronautics and Space Administration (Nasa) Jet Propulsion Laboratory (JPL) Ingenuity Mars Helicopter team reported on Thursday that the small uncrewed aerial vehicle (UAV) had suffered, in Nasa jargon, an “anomaly” during its sixth flight in the Red Planet’s very thin atmosphere.... 

Nasa’s Mars helicopter had in-flight problem on its sixth mission
Photo by Nasa/JPL
Image of the Martian surface taken by Ingenuity from at altitude of 10 m during its sixth flight

Davies calls for a New Deal-style recovery strategy that eschews austerity 

By: Terence Creamer     28th May 2021 Former Trade and Industry Minister Dr Rob Davies is urging the South African government, in which he served as a Cabinet Minister from 2009 to 2019, to implement a New Deal-style recovery programme to address the economic damage arising from both Covid-19 and more than a decade of economic drift.... 

Davies calls for a New Deal-style recovery strategy that eschews austerity
Photo by Creamer Media
Dr Rob Davies

Free online youth vocational training app launched in South Africa

By: Schalk Burger     28th May 2021 Online learning company Trace, in partnership with Senghor University, in Egypt, and the French Development Agency (AFD) have launched a free online vocational training platform – Trace Academia. The platform has been built for young South Africans to build their skills and to find or create jobs. 

L2D reports on new customer count software, footfall recovery

By: Marleny Arnoldi     28th May 2021 JSE-listed Liberty Two Degrees (L2D) has noted signs of retail recovery, after the country moved back to Level 1 lockdown in March this year. In a pre-close investor update issued on May 28, the real estate investment trust advised that higher footfall, maintained tenant occupancies, rental... 

UCT professor elected as fellow of South African Academy of Engineering 

By: Donna Slater     28th May 2021 University of Cape Town (UCT) chemical engineering professor Harro von Blottnitz has been elected a fellow of the South African Academy of Engineering (SAAE), thereby placing him among an elite group of 213 fellows who stand between the worlds of academia and industry, and who are considered... 

UCT professor elected as fellow of South African Academy of Engineering 
University of Cape Town chemical engineering professor Harro von Blottnitz

Soaring maize prices squeeze South African consumers, stoke inflation

By: Reuters     28th May 2021 Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. A global run in the price of maize driven by higher import demand from China, droughts in South America and dry... 

Iron-ore benchmarks rise on China's steel output plans

By: Reuters     28th May 2021 Iron-ore futures in Asia rose on Friday, but were set for a third weekly decline on persistent price-control concerns. Top steel producer China's recent statements on steel capacity reforms had sparked worries about tight supply prospects, pushing prices to record highs earlier this month. 

Looming environmental crises to require $8.1tr by 2050 to mitigate impacts

By: Donna Slater     28th May 2021 A report into the climate, biodiversity and land degradation crises reveals that, to tackle these matters, a total investment in nature of $8.1-trillion is required over the next three decades, amounting to $536-billion a year by 2050. United Nations (UN) Environmental Programme executive... 

Irena to launch latest version of data platform

By: Marleny Arnoldi     28th May 2021 As resource assessment continues to be a challenge in renewable energy project development processes, the extensive research in resource data and improved modelling approaches have led to the development of better high-resolution resource data, the International Renewable Energy Agency (Irena)... 

Ramaphosa to host French President Emmanuel Macron

By: News24Wire      28th May 2021 President Cyril Ramaphosa will on Friday host President Emmanuel Macron of France. Macron arrives in South Africa for his first visit as the head of state of the European country. 

Ramaphosa to host French President Emmanuel Macron
French President Emmanuel Macron & South African President Cyril Ramaphosa

Eskom's debt  

28th May 2021   Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the R83-billion reduction in debt achieved by State-owned power utility Eskom, whether it is enough to place the utility on a sustainable debt footing and when a solution to Eskom's high debt burden could be... 

Eskom's debt
Eskom's debt (Camera & editing: Nicholas Boyd)

Atlas shines light on world's vulnerable and critical rangelands

By: Donna Slater     28th May 2021 The Rangelands Atlas, published by the United Nations Environment Programme (UNEP) on May 27, reveals that 54% of the world’s land surface consists of vast tracts of land covered by grass, shrubs or sparse, hardy vegetation – rangelands – that supports millions of pastoralists, hunter-gatherers,... 

SA cities not delivering on productive, sustainable mandate

By: Schalk Burger     28th May 2021 South African cities' revenues grew by 5.7%, while their operating surpluses reached 4.2% in 2020. However, there is a misalignment of policy, budgets and planning and contradictions between the municipal revenue and funding model that need to be addressed, says urban information exchange... 

Magazine round up | 28 May 2021 

28th May 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 28 May 2021
Magazine round up | 28 May 2021

Digital toolbox supporting pan-African vaccination roll-outs 

By: Natasha Odendaal     28th May 2021 The deployment of a mobile technology platform to manage Covid-19 vaccination appointments and stock availability will help create an enabling path for African countries in the fight against the devastating global contagion. Telecommunications giant Vodacom Group and the African Union Development... 

Digital toolbox supporting pan-African vaccination roll-outs
AUDA-Nepad chief of staff Jennifer Chiriga, speaking on behalf of AUDA-Nepad CEO Dr Ibrahim Mayaki, and Vodacom Group CEO Shameel Joosub discuss the mVacciNation initiative to help manage Covid-19 vaccination appointments and stock availability.

AfDB provides $140m loan for Tanzania hydropower project

By: Tasneem Bulbulia     27th May 2021 Finance institution the African Development Bank Group and the government of Tanzania have signed loan agreements totalling $140-million to finance the construction of the 50 MW Malagarasi hydropower plant in Western Tanzania. The agreements cover a $120-million sovereign loan from the bank and... 

Global supply chain delays affecting South Africa's manufacturing sector

By: Schalk Burger     27th May 2021 Advisory multinational PwC estimates that about a quarter of under-utilisation in large manufacturing facilities in South Africa during the first quarter of the year was associated with material shortages. Data by Statistics South Africa (Stats SA) shows that, in the first quarter, large... 

Long-term Africa business risks compounded by Covid-19, but new opportunities exist

By: Schalk Burger     27th May 2021 Africa faces a host of problems that carry risks for businesses during this year and into the medium-term. These include debt, healthcare, dependence on commodities and digital access challenges, and have been compounded by the Covid-19 pandemic. 

SA must build on steps to develop hydrogen economy  

By: Tasneem Bulbulia     27th May 2021 South Africa has made some notable progress in developing its hydrogen economy, but it needs to do more to build on this to capitalise on opportunities, especially given its ideal climatic conditions to generate renewable energy and a local industry that is primed to make a switch to green... 

SA must build on steps to develop hydrogen economy
Pinsent Masons Partner George Varma explains why traditional procurement approaches are not ideal for hydrogen projects; and explores alternative options.

Afreximbank, KZN sign MoU to partner on trade, investment opportunities

By: Yvonne Silaule     27th May 2021 The African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the KwaZulu-Natal province to co-invest in opportunities to enhance development, trade and investment. As part of the MoU, Afreximbank will channel funding to finance certain infrastructure... 

Naamsa cautions domestic market not to lose competitiveness

By: Donna Slater     27th May 2021 naamsa The Automotive Business Council has welcomed the release of the Auto Green Paper on the advancement of so-called new energy vehicles (NEVs), which was published by the Department of Trade, Industry and Competition (DTIC) for public comment last week. The organisation notes, however, that... 

UK researchers announce major advance in developing practical nuclear fusion reactors

By: Rebecca Campbell     27th May 2021 The UK Atomic Energy Authority (UKAEA) has announced the successful testing of a new concept on its MAST Upgrade experiment, which could remove one of the major problems in the development of nuclear fusion energy. Currently, the world derives nuclear power from fission, which involves, to... 

PIC loses head of impact investing

By: Bloomberg     27th May 2021 Roy Rajhdar, the executive head of impact investing at Africa’s biggest fund manager, has quit. Rajhdar’s departure comes after South Africa’s Public Investment Corporation (PIC) told staff on May 6 that his 14-month suspension had been lifted. Rajhdar on Thursday confirmed his departure, but... 

South Africa’s about-turn on solar panels raises industry ire

By: Bloomberg     27th May 2021 South Africa’s plans to buy emergency power, already the subject of a court challenge, face fresh controversy after a local-content requirement for solar-panel frames was scrapped subsequent to the award of the tenders. The 65% local-content requirement on aluminium frames for photovoltaic panels... 

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