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Latest News

Supply chain blockages must end – SAAFF

By: Irma Venter     20th June 2022 South Africa cannot afford the massive and continued knock-on effects from disruptions to the national supply chain caused by truck driver blockades on the N3 to and from the Port of Durban, as was again seen last week, says the South African Association of Freight Forwarders (SAAFF)... 

Finance ‘sea change’ needed for Africa to meet $190bn/y energy investment goal 

By: Terence Creamer     20th June 2022 Achieving Africa’s energy and climate goals by 2030, including universal access, will require a more than doubling in energy investment this decade, rising to a yearly rate of $190-billion from 2026 to 2030, a new International Energy Agency (IEA) report shows. It will also require the connection... 

Executive director Dr Fatih Birol
Executive director Dr Fatih Birol

Eskom warns of high load-shedding risk as grid likely strained for 'next few weeks'

By: News24Wire      20th June 2022 The power system is under severe pressure and there is a risk of load-shedding at short notice if there are any significant breakdowns at Eskom plants, the power utility warned on Monday morning.  The power system will be under strain for the next few weeks, it added in a statement.  

Electricity Pylons

Omnia declares R1.4bn dividend, boasts 123% growth in operating profit

By: Marleny Arnoldi     20th June 2022 JSE-listed chemicals manufacturing group Omnia Holdings experienced favourable market conditions in the agriculture and mining sectors in the financial year ended March 31, including high commodity prices, which helped boost its operating profit by 123% year-on-year to R1.7-billion. The board... 

Incoming Omnia chairperson Tina Eboka
Incoming Omnia chairperson Tina Eboka

Government, producers and labour welcome WTO vaccine decision

By: Tasneem Bulbulia     20th June 2022 The South African government, local vaccine manufacturers and organised labour have welcomed the agreement secured at the World Trade Organisation (WTO) last week to support the production of Covid-19 vaccines in developing countries. The agreement allows governments to authorise local... 

Ramaphosa sees more to gain from Brics as he gears up for Leaders’ Summit 

By: Thabi Madiba     20th June 2022 President Cyril Ramaphosa will join the virtual fourteenth Brics (Brazil, Russia, India, China and South Africa ) Leaders’ Summit, on Thursday, hosted by Chinese President Xi Jinping. Ramaphosa hopes to strengthen South Africa’s ties with the Brics countries, particularly for job creation. He... 

Image of South African President Cyril Ramaphosa
President Cyril Ramaphosa

Police arrest 2 men with more than 300kg of Transnet copper cable

By: News24Wire      20th June 2022 Two men were arrested in Vredenburg after allegedly being found with 302 kg of copper cable belonging to Transnet, Western Cape police said. Police spokesperson Colonel Andrè Traut said officers on patrol on Saturday night arrested the two at the R27 and R399 crossing in Vredenburg. 

Delay gas procurement until policy reflects big cost and emission shifts – study 

By: Terence Creamer     20th June 2022 Before moving ahead with the procurement of gas-fired generation, South Africa should update both its Integrated Resource Plan (IRP) for electricity and its Gas Master Plan to reflect prevailing renewables and battery costs, as well as the country’s carbon constraints, a new Meridian Economics... 

Study argues that deploying gas generators
Study argues that deploying gas generators "optimally" as peakers implies that the electricity sector cannot anchor demand for LNG imports

Iron-ore sinks and steel mills go dark on deepening China gloom

By: Bloomberg     20th June 2022 Iron-ore plunged more than 7% in Singapore -- giving up all its gains this year -- as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an eighth... 

Iron-ore sinks and steel mills go dark on deepening China gloom

Climate change conference president in South Africa to discuss just energy transition

By: Rebecca Campbell     20th June 2022 The President of the 26th United Nations Climate Change Conference (COP26), Alok Sharma of the UK, arrived in South Africa on Sunday, to support the implementation of the South Africa Just Energy Transition Partnership (JETP). He will depart the country on Tuesday. The JETP was announced at... 

COP26 President Alok Sharma
Photo by UK Parliament
COP26 President Alok Sharma

Schneider targets more licence agreements to accelerate localisation in South Africa

By: Terence Creamer     20th June 2022 Energy management and automation multinational Schneider Electric is planning to partner with more South African manufacturers as part of a strategy geared towards accelerating the expansion of its domestic market presence, while increasing local content. Global CFO Hilary Maxson told Engineering... 

Schneider Electric CFO Hilary Maxson
Schneider Electric CFO Hilary Maxson

Building Forever has become core business at De Beers, it's in the business plan  

By: Martin Creamer     20th June 2022 It is a full year since the De Beers Group set itself a dozen far-reaching 2030 ‘Building Forever’ sustainability goals, which have as their four focus areas leading ethical practices, protecting the natural world, partnering for thriving communities and accelerating equal opportunity. In... 

Picture provided.
De Beers Group CEO Bruce Cleaver interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kearney bringing back factory of the year competition in 2023 as economy recovers

By: Schalk Burger     17th June 2022 Following a challenging two years within the manufacturing sector, management consulting firm Kearney has announced that entries for the 2023 Factory of the Year competition have opened. As the global and local economy starts to find its feet and adapt to a new normal, the opportunities for the... 

Green hydrogen’s business case significantly strengthened, summit hears 

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

Three SA airports voted best in Africa

By: Tasneem Bulbulia     17th June 2022 South Africa is home to the three best airports in Africa, according to the latest Skytrax’s 2021/22 World Airport Survey, announced on Thursday. Cape Town International Airport (CTIA) was voted as the best airport in Africa, followed by King Shaka International Airport (KSIA) at number two and... 

Labour migration policy nearing completion, says Nxesi as truckers intensify action over foreign drivers  

By: Marleny Arnoldi     17th June 2022 The Employment and Labour Department is finalising policy that will help to regulate the extends to which foreign nationals can be employed in South Africa, Minister Thulas Nxesi said on Friday. His comments come as trucker drivers this week intensified their national strike against the... 

Labour migration policy nearing completion, says Nxesi as truckers intensify action over foreign drivers

Eaton to expand collaboration with Microsoft on grid-interactive UPS technology

By: Tasneem Bulbulia     17th June 2022 Intelligent power management company Eaton has announced it will expand its collaboration with technology group Microsoft to accelerate applications of its EnergyAware uninterruptible power system (UPS) technology in key segments worldwide. The expansion is part of a new strategic framework... 

Daimler Trucks & Buses Southern Africa renamed following global unbundling

By: Irma Venter     17th June 2022 Daimler Trucks & Buses Southern Africa has been renamed Daimler Truck Southern Africa (DTSA). This follows the global unbundling of the German Daimler group into Daimler Truck and the Mercedes-Benz Group on December 1. 

The latest Airbus airliner has made its first flight

By: Rebecca Campbell     17th June 2022 The Airbus A321XLR single-aisle airliner successfully executed its maiden flight on Wednesday afternoon, the Europe-based major aerospace group has reported. The suffix -XLR stands for extra-long range, and the aircraft is the latest member of the A320neo family to be developed (-neo standing for... 

An image of an aircraft taking off
Photo by Airbus
The first A321XLR takes off on its first flight

Numsa signs above inflation wage increase with Gautrain operator

By: Tasneem Bulbulia     17th June 2022 The National Union of Metalworkers of South Africa (Numsa) says it has signed an above-inflation wage increase of 7%, effective July 1, with the Bombela Operating Company (BOC), the agency which is running the Gautrain. In a statement, the union indicates that it has been engaging the employer... 

Hino SA restarts production after Durban floods

By: Irma Venter     17th June 2022 Hino South Africa (SA) has restarted truck assembly at its plant in the Toyota Prospecton manufacturing complex, in Durban, following extensive flooding in April. The remainder of the Toyota plant remains in recovery mode. 

Hino SA restarts production after Durban floods

Calls for petrol price deregulation display lack of knowledge – FRA 

By: Irma Venter     17th June 2022 Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is pressure on retailers to cut margins and be in competition with each other, which is absolutely... 

Image of a Shell service station

Eskom has 32 GW of grid capacity, but not where most renewables investors want it 

By: Terence Creamer     17th June 2022 Eskom acknowledges that transmission constraints remain an obstacle to the introduction of new renewables generation, but the utility also highlights that 32 GW of grid capacity is immediately available to those independent power producers (IPPs) willing to build projects outside of the country’s... 

Eskom power lines
Photo by Creamer Media
Eskom power lines

Finish, WWF release 28-million litres of water

By: Natasha Odendaal     17th June 2022 Dishwasher products provider Finish and the World Wide Fund for Nature South Africa’s (WWF’s) partnership has led to the clearance of 12.8 hectares of alien trees that released 28-million litres of water, the protection of three springs and an increased number of communities with improved water... 

Faced with government ineptitude, Cape Town is going it alone

By: Bloomberg     17th June 2022  As South Africa’s government struggles to provide sufficient electricity, public transport and other basic services, the country’s main tourist hub is increasingly going it alone. Cape Town, which has been led by the opposition Democratic Alliance since 2006, is forging ahead with plans to... 

An image showing a view of Cape Town from Table Mountain

N3 protest: Supply chain under attack, cost to economy more than R300m

By: News24Wire      17th June 2022 The Road Freight Association wrote to President Cyril Ramaphosa on Thursday to ask him to to urgently intervene in an ongoing blockade of key cargo routes across the country. In an open letter, Road Freight Association CEO Gavin Kelly told Ramaphosa road freight companies were being targeted and... 

N3 protest: Supply chain under attack, cost to economy more than R300m

Magazine round up | 17 June 2022 

17th June 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine cover image
Magazine round up | 17 June 2022

Southern African airlines in Catch-22 as costs rise amid fragile demand

By: Rebecca Campbell     17th June 2022 To all practical intents and purposes, the Covid-19 pandemic hit Southern Africa just over two years ago. The pandemic and the measures adopted by the region’s governments to try and counter it have had a severe impact on the Southern African airline industry (and indeed on all sectors associated... 

Magazine cover image

Africa’s governments face stark choices as fuel prices scale new highs

By: Bloomberg     16th June 2022 African governments face stark choices over fuel prices as sanctions on Russian oil disrupt global markets for energy, according to one of the continent’s key suppliers. “There is no doubt that this has a disproportionate impact on the economies of Africa,” Fadi Mitri, head of Africa for Puma... 

Beheadings show Islamist peril persists for Total in Mozambique

By: Bloomberg     16th June 2022 A fresh wave of attacks by an Islamic State affiliate in northern Mozambique has prompted the evacuation of the nation’s biggest solar power plant and threatens to further delay TotalEnergies' $20-billion liquefied natural gas project. Forces from Rwanda and a southern African regional bloc have... 

Beheadings show Islamist peril persists for Total in Mozambique

South Africa should consider Russian crude imports, Mantashe says

By: Reuters     16th June 2022 South Africa's Energy Minister on Wednesday said the country should consider importing crude oil from Russia as part of efforts to curb rising fuel prices, which have soared since the beginning of the war in Ukraine. "We should consider importing crude oil from Russia at a low price because it... 

Electric vehicles in South Africa: how to avoid making them the privilege of the few

15th June 2022 In the early 1900s, automobiles took the streets of industrialised cities by storm, rapidly displacing horse-drawn vehicles. Fiercely contested at first, the internal combustion engine won the technological battle against electric vehicles which accounted for up to a third of vehicles on the road... 

GreenCape’s 2022 green economy market intelligence reports outline opportunities

By: Tasneem Bulbulia     15th June 2022 This year’s editions of nonprofit organisation GreenCape’s yearly green economy market intelligence reports (MIRs) have been made available. The reports were officially launched on June 7 by Western Cape Minister of Finance and Economic Opportunities Mireille Wenger and Western Cape Minister of... 

SpaceX given conditional environmental clearance to launch its new Starship spacecraft

By: Rebecca Campbell     15th June 2022 The US Federal Aviation Administration (FAA) has given conditional environmental clearance to SpaceX to launch its latest and biggest spacecraft, the Starship, on its latest and biggest rocket, the Super Heavy, from the company’s Starbase test facility, at Boca Chica in the US State of Texas,... 

May marks a good month for automotive exports, says terminal

By: Marleny Arnoldi     15th June 2022 The East London Terminal recorded a 67% increase in container volumes at the end of May. The terminal originally budgeted for the handling of 3 058 twenty-foot-equivalent units (TEUs) but ended up moving 5 131 TEUs. 

The East London car terminal
The East London car terminal

Information most important part to support greater investments into emerging markets

By: Schalk Burger     15th June 2022 Emerging markets need more funding to close developmental gaps and to adapt to a changing climate, and a better flow of information and greater accuracy of information can help to increase the flow of investment funding. Recent United Nations estimations indicate that emerging markets will need... 

Global clean energy transition not happening – REN21

By: Donna Slater     15th June 2022 According to global community of renewable energy actors REN21’s ‘Renewables 2022 Global Status Report’ (GSR), the global clean energy transition is not happening, making it unlikely that the world will be able to meet critical climate goals this decade. Despite promises of a worldwide green... 

Chenin Blanc conference to be held in South Africa

By: Tasneem Bulbulia     15th June 2022 Stellenbosch, in the Western Cape, has been selected as the global meeting point this November for a multi-disciplinary congress on Chenin Blanc, a white wine grape. South Africa has more Chenin vines planted than the rest of the world combined; however, Chenin’s birthplace is the Loire, in France. 

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