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Latest News

Environmental organisations concerned about government no-show at plastics treaty meeting

By: Donna Slater     2nd September 2021 Environment advocacy organisations Greenpeace Africa, groundWork and the World Wide Fund for Nature (WWF) have expressed deep concerns that the South African government did not participate in a Ministerial meeting on a proposed global plastics treaty held this month. This shows, the... 

Western Cape launches renewable energy planning fund

By: Marleny Arnoldi     2nd September 2021 The Western Cape provincial government has launched its Municipal Energy Resilience Fund (MERF), which will make nearly R13-million available to qualifying municipalities for research and planning for renewable energy projects. This should help mitigate load-shedding in the province, the... 

Organisations raise concern over lack of public participation in nuclear energy talks

By: Marleny Arnoldi     2nd September 2021 Societal wellbeing organisations the Southern African Faith Communities’ Environment Institute (Safcei) and Earthlife Africa Johannesburg have expressed their concern about the South African government pushing for more nuclear energy, while renewables wait in the wings. The two organisations... 

Koeberg nuclear power station
Photo by Creamer Media
Koeberg nuclear power station

Durban Car Terminal sets new record in August

By: Irma Venter     2nd September 2021 Growing transshipments and improving new-vehicle exports from South Africa have seen the Durban Car Terminal set a new record in August, with the facility handling 54 520 fully-built units in a single month.  This follows the previous handling record of 51 407 fully-built units, set in June this... 

View of the Durban car Terminal

M&R on ‘cusp of a multiyear period of strong earnings growth’ 

By: Terence Creamer     2nd September 2021 Engineering and construction group Murray & Roberts (M&R) says it is “on the cusp of a multiyear period of strong earnings growth”, a claim underpinned by an order book that has grown to an all-time high of R60.7-billion, from R54.2-billion in 2020, as well as a strong project pipeline. The... 

Photo of Henry Laas
M&R CEO Henry Laas

Investec inks agreement to finance two major hospitals in Ghana

By: Simone Liedtke     2nd September 2021 Investec Bank has announced the signing of a €215-million agreement to finance two major hospital projects in Ghana. The financing comprises two loans in favour of Ghana’s Ministry of Finance, with Investec having acted as sole mandated lead arranger (MLA) for both loans. 

Pic of Artist impression of the new hospital in Ghana
Artist impression of the new hospital in Ghana

RMB launches ESG-risk-measuring platforms to support sustainable investing

By: Donna Slater     2nd September 2021 Financial services provider Rand Merchant Bank (RMB), a division of FirstRand Bank, has launched environmental, social and governance- (ESG-) measuring platforms – ESGo! and ESGNow. The platforms are envisaged to drive sustainable finance by offering client interfaces that enable more informed... 

Employment Equity Directorate gearing up for implementation, enforcement of Act

By: Simone Liedtke     2nd September 2021 The Department of Employment and Labour’s Employment Equity (EE) Directorate is gearing itself for the implementation and enforcement of the new EE Act once the Parliamentary processes are finalised by March 2022. EE director Ntsoaki Mamashela is hopeful that the processing of the EE Bill will... 

Implats contributes R13bn in taxes, royalties to South African government  

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO Meroonisha Kerber said on Thursday. In total, the participation in value of the government,... 

Picture of Implats CFO  Meroonisha Kerber
Implats full-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Public Works to release RFI in development of green energy, resource efficiency drive 

By: Donna Slater     2nd September 2021 The Department of Public Works and Infrastructure (DPWI) plans to release a request for information (RFI) for the Integrated Renewable Energy and Resource Efficiency Programme (iREREP) on September 20, to garner ideas and information into ways to deliver mutual value through strong partnerships... 

An image of the Mpumalanga High Court
The Mpumalanga High Court, which the DPWI handed over in November 2019, is an example of a building where energy and water saving technologies could be rolled out

Sanlam Investments launches Sustainable Infrastructure Fund

By: Marleny Arnoldi     2nd September 2021 Asset manager Sanlam Investments has launched a Sustainable Infrastructure Fund (SIF) that will invest in local projects for market development and job growth, with an emphasis on environmental sustainability. Sanlam says stable, inflation-bearing returns will be delivered to investors over the... 

From creaking Cairo, Egypt plans high-tech leap with new capital

By: Reuters     2nd September 2021 In Egypt's new capital on the outskirts of Cairo, residents will use smart cards and apps to unlock doors and make payments, and surf the web on public WiFi beamed from lampposts. A network of at least 6 000 cameras will monitor activity on every street, tracking pedestrians and vehicles to... 

Ethiopian aims to fly Max jet by January after Boeing settlement

By: Bloomberg     2nd September 2021 Ethiopian Airlines Group plans to resume flights with the Boeing 737 Max jet by early next year after reaching an out-of-court settlement with the US planemaker over a deadly crash in March 2019. CEO Tewolde GebreMariam is now convinced “beyond reasonable doubt” the model is safe after various... 

Competition Commission decision raises questions  

By: Tasneem Bulbulia     2nd September 2021 The Competition Amendment Act, and a recent decision by the Competition Commission of South Africa, have benefits, but also raise questions for companies, speakers indicated during a webinar held by legal adviser Bowmans on September 1. The commission recently prohibited a transaction in which... 

An image of Bowmans competition partner Lebohang Mabidikane, speaking during a webinar.
Bowmans competition partner Lebohang Mabidikane provides some background to Competition Commission’s use of public interest assessment, following its recent decision to block a proposed acquisition of Burger King on these grounds.

Aspen reinstates dividend; in talks to market Covid-19 vaccine in Africa 

By: Marleny Arnoldi     2nd September 2021 JSE-listed pharmaceutical manufacturer Aspen has once again resumed dividends and will pay out R1.2-billion, or 262c apiece, to shareholders for the financial year ended June 30. The group’s normalised earnings before interest, taxes, depreciation and amortisation (Ebitda) for the year came in 3%... 

Aspen group CE Stephen Saad
Aspen group CE Stephen Saad

Aspen appoints successor to deputy CE Attridge

By: Marleny Arnoldi     2nd September 2021 JSE-listed pharmaceutical group Aspen has announced that its retiring deputy group CE and co-founder Gus Attridge will be succeeded by Sean Capazorio, effective January 1, 2022. Capazorio has served as group finance officer since 2009.  

Aspen's manufacturing facility in Gqeberha

Dangote refinery complex in Nigeria set to cost $19bn

By: Bloomberg     2nd September 2021 A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19-billion by the time we finish,” Devakumar Edwin, group executive director of Dangote... 

DNG Energy seeks to postpone South Africa emergency power case

By: Bloomberg     2nd September 2021 A losing bidder in a South African tender for the provision of 2 000 MW of power is asking for the postponement of a court case where it’s seeking for the award of the bulk of that contract to Turkey’s Karpowership to be halted. In the case, due to be heard from Sept. 9, DNG Energy has alleged... 

Iata reports air passenger traffic is improving, but is still well down on 2019 levels

By: Rebecca Campbell     2nd September 2021 The International Air Transport Association (Iata), the global representative body for the airline industry, has reported that both international and domestic air passenger traffic in July remained well below the levels achieved before the Covid-19 pandemic. However, the July figures also showed... 

Implats reports record financial results

By: Martin Creamer     2nd September 2021 Platinum group metals (PGMs) company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong PGMs pricing environment. A final dividend of R12 a share was declared, bringing the total dividend for the full year ended June 30... 

Picture of Nico Muller, the CEO of Implats, a producer of PGMs
Implats CEO Nico Muller

South Africa backs GDP data despite missing mine statistics

By: Bloomberg     2nd September 2021 South Africa’s statistics agency maintains that its gross domestic product estimates for the second quarter will be credible amid plans to use an estimated value for missing mining data. “Although concerned about the delayed mining data, we are not concerned about the integrity of the GDP,”... 

Koeberg Unit 1 to be returned to service at the weekend following reactor trip

By: Creamer Media Reporter      1st September 2021 Power utility Eskom says the Koeberg Unit 1 reactor tripped at 16:30 on August 30, as a result of a fault on the electrical breaker to one of the primary coolant pumps. "Eskom can confirm that the reactor was then safely shut down by the operators, in compliance with the operating procedure. 

'Suez Canal on rails' - Egypt signs $4.5 billion high-speed rail deal

By: Reuters     1st September 2021 Egypt has signed a $4.45-billion deal for a high-speed electric rail line to link its Red Sea and Mediterranean coasts that contractor Siemens dubbed a "Suez Canal on rails". The contract between Egypt's National Authority for Tunnels (NAT) and a consortium including Siemens Mobility, Orascom... 

South Africa considers limiting public amenities to the vaccinated

By: Bloomberg     1st September 2021 South Africa may limit the use of public amenities to the people who have been vaccinated against Covid-19, the country’s health minister said. While a decision hasn’t been taken it is being discussed by the government, Joe Phaahla, the minister, said in the National Council of Provinces on... 

SAA buyer close to completing due diligence

By: Bloomberg     1st September 2021 South Africa said the private group looking to take a majority stake in the country’s dormant national airline is close to completing due diligence ahead of a planned resumption of flights later this month. The Takatso consortium has yet to identify any material issues that would scupper the... 

WC human settlements dept to launch framework to attract female-owned contractors

By: Yvonne Silaule     1st September 2021 The Western Cape Department of Human Settlements plans to launch a contractors’ framework that is geared towards attracting construction companies that have women ownership of 51% and above before the end of this year. Western Cape Human Settlements Minister Tertuis Simmers says the new framework... 

Ventilation, vaccination needed to make indoor spaces safe, says GreenFlag Association

By: Schalk Burger     1st September 2021 While the speedy, effective roll-out of vaccinations is fundamental to South Africa’s economic recovery, the Covid-19 Delta variant has changed the way the disease can be passed on. To make all indoor spaces as safe as possible, sufficient ventilation to reduce the risk of Covid-19 transmission... 

TBCSA elects new board members

By: Simone Liedtke     1st September 2021 The Tourism Business Council of South Africa (TBCSA), on September 1, announced the newly elected board members for the 2021 to 2023 tenure. The elected board members are said to be “experienced tourism industry professionals who are expected to direct the strategic objectives of TBCSA, while... 

Cybersecurity attacks in Kenya, South Africa and Zim have increased

By: Schalk Burger     1st September 2021 The 'State of Cyber Security in Kenya, South Africa and Zimbabwe 2021' report, released by information technology services multinational Liquid Intelligent Technologies (LIT) on September 1, shows that a majority of organisations in these countries experienced an increase in cybersecurity threats... 

EOH partners with youth organisation to boost green entrepreneurship

By: Simone Liedtke     1st September 2021 To contribute to efforts to lower South Africa’s ever-increasing unemployment rate, technology services provider EOH has partnered with youth social services organisation PrimeStars in its ‘Step Up 2 A Green Start Up’ campaign. The campaign is aimed at inspiring young entrepreneurs to find... 

Study confirms low enviro impact dairy farming equals higher profitability

By: Marleny Arnoldi     1st September 2021 Agricultural sustainability company Trace & Save has reaffirmed in a case study that a lower environmental impact is directly linked with higher profitability in the South African dairy farming industry. The company, in partnership with Nedbank and the World Wide Fund for Nature South Africa... 

Milk bottles

Eskom offers business customers a trial Renewable Energy Tariff 

By: Simone Liedtke     1st September 2021 State-owned power utility Eskom has launched the Renewable Energy Tariff pilot programme to assist businesses who have corporate renewable energy commitments. This, the entity said on September 1, enables customers to source a blended electricity supply with up to 100% of their electricity from... 

Pic/Image of Eskom's Sere wind farm.
Eskom's Sere wind farm.

New-vehicle sales jump by 25% in August, exports down 16% 

By: Irma Venter     1st September 2021 New-vehicle sales in August increased by 24.6%, to 41 425 units, compared with the same month last year. Out of the total industry sales an estimated 83.6% represented dealer sales, with 12% of vehicles going to the rental industry. Around 2.5% of new vehicles were sold to industry corporate... 

Image of cars being exported from Durban harbour

South African pilot wins international aviation award

By: Rebecca Campbell     1st September 2021 Aviation digital ‘hub’ AeroTime has awarded an Aviation Achievement Award to South African pilot and ‘social entrepreneur’ Refilwe Ledwaba. This was in recognition of her creation and development of the non-profit Girls Fly Programme in Africa Foundation. She is the 23rd person to receive the... 

A photo of Refilwe Ledwaba
Photo by AeroTime
Refilwe Ledwaba

Absa PMI rebounds after July disruption; beats June’s performance

By: Donna Slater     1st September 2021 Financial services provider Absa reports that its seasonally adjusted Purchasing Managers’ Index (PMI) rebounded to 57.9 points in August. This followed the record single-month decline to 43.5 points in July, compared with 57.4 points in June. 

Enel Green Power’s Nontokozi Nkosi joins SAWEA board

By: Simone Liedtke     1st September 2021 Enel Green Power (EGP) Republic of South Africa (RSA) commercial office head Nontokozo Nkosi has been appointed to the board of the South African Wind Energy Association (SAWEA) as a co-opted member. Having joined EGP RSA in 2016 as a commercial officer, Nkosi’s key responsibilities include... 

Pic/Image/Headshot of Nontokozo Nkosi
Nontokozo Nkosi

July saw continued increase in demand for air cargo

By: Rebecca Campbell     1st September 2021 The global representative body for the airline industry, the International Air Transport Association (Iata), has reported that air cargo markets worldwide continued to register strong growth during July. (Because of the extreme market-distorting effects of the Covid-19 pandemic last year, Iata... 

Rolls-Royce reports its new power gearbox has set world aerospace power record

By: Rebecca Campbell     1st September 2021 UK-based industrial technology group Rolls-Royce announced on Wednesday that the prototype power gearbox (PGB) for its new-generation UltraFan jet engine had set a new world aerospace power record. The record was set in the group’s dedicated PGB test facility, in Dahlewitz, near Berlin, in... 

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