R/€ = 17.59 Change: -0.01
R/$ = 15.53 Change: -0.01
Au 1811.41 $/oz Change: -0.87
Pt 978.00 $/oz Change: 9.00

Latest News

Exciting green ammonia export plan for Nelson Mandela Bay 

By: Martin Creamer     15th December 2021 Hive Hydrogen and Built Africa – together as Hive Hydrogen – as well as Linde plc, through its wholly owned South African subsidiary Afrox, have teamed up to establish a huge green ammonia export plant in Nelson Mandela Bay, in the Eastern Cape. The first phase is planned to go live in 2025, with... 

Private sector, SMEs crucial for AfCFTA development benefits, primary commodities export bias a problem

By: Schalk Burger     15th December 2021 A survey of more than 400 CEOs from 44 countries in Africa and two outside has reflected the importance of small and medium-sized enterprises (SMEs) in Africa. The continent's bias towards the export of primary commodities, however, reduces the relative developmental value that would accrue from... 

NRF boasts 230 kW grid-tied solar PV rooftop installation

By: Schalk Burger     15th December 2021 The National Research Foundation (NRF) has installed a grid-tied rooftop solar photovoltaic (PV) systems at its Brummeria Building, in Pretoria, with the two 82.2 kW and one 50 kW inverters providing a combined alternating current capacity of 215.6 kW. The overall system has a direct current... 

UK to remove all countries from Covid travel red list on Wednesday

By: Reuters     15th December 2021 The British government will remove all 11 countries from its Covid-19 travel red list from Wednesday because there is now community transmission of Omicron in Britain, Health Secretary Sajid Javid told parliament. The new Omicron variant was first detected in southern Africa and Hong Kong. The... 

SA Plastics Pact an effective platform for value chain collaboration

By: Schalk Burger     15th December 2021 The South African Plastics Pact sets aspirational targets for the value chain to meet by 2025, and businesses, government, producer responsibility organisations, nongovernmental organisations and retailers are collaborating and developing solutions to ensure plastics are eliminated, reused or... 

Hulamin full-year loss to narrow despite first-half challenges, July unrest

By: Donna Slater     14th December 2021 Aluminium semi-fabricator and supplier Hulamin reports that, despite a subdued start to the year, its headline loss a share is expected to narrow to 54c, compared with the headline loss a share of 68c reported for the 2020 financial year. Its loss a share is expected to narrow to 60c, from 75c... 

Adcock expects to report higher interim earnings

By: Donna Slater     14th December 2021 JSE-listed pharmaceutical company Adcock Ingram reports that, owing to an improvement in the trading environment, its earnings a share and headline earnings a share for the six months to December 31 are likely to be 37.3c higher than the 186.5c reported for the six months ended December 31,... 

Third-quarter Real Economy Bulletin shows auto, iron, platinum export weaknesses

By: Schalk Burger     14th December 2021 While the sharp downturn in the latest gross domestic product (GDP) data is largely the result of the civil unrest in July, the third-quarter GDP data points to additional weaknesses in the economy, above all the sharp decline in automotive exports and plummeting prices of iron-ore and platinum,... 

Medical schemes organisation welcomes lower Covid-19 PCR test costs 

By: Schalk Burger     14th December 2021 Medical schemes industry organisation the Health Funders Association (HFA) on December 14 welcomed the announcement by Competition Commissioner Tembinkosi Bonakele that the price of the polymerase chain reaction (PCR) Covid-19 tests has been reduced from R850, including value-added tax and any... 

Maseko to step down as Telkom CEO six months early

By: Creamer Media Reporter      14th December 2021 Telecoms company Telkom says CEO Sipho Maseko will step down with effect from December 31. This is six months earlier than previously expected. 

Building owners have one year left to obtain energy performance certificates

By: Simone Liedtke     14th December 2021 Owners of buildings in South Africa have one year left to obtain and prominently display an Energy Performance Certificate (EPC) or risk a fine of R5-million, five years imprisonment or both. The regulations, under the National Energy Act, were gazetted a year ago and apply until December 7,... 

Chevron committed to growing Caltex brand in South Africa, Botswana

By: Simone Liedtke     14th December 2021 Chevron Africa-Pakistan and Chevron Brands International have a committed strategy to maintain and grow the Caltex-branded service station network across South Africa and Botswana, beyond the expiration of the current licence agreement in 2024. This development is aligned with its licensing... 

Pic of a newly branded Caltex service station
A newly branded Caltex service station

Continuous development, adaptability necessary for most in-demand jobs in South Africa

By: Schalk Burger     14th December 2021 A desire to learn and upskill oneself is important to ensure job seekers are equipped to meet the ever-changing trends in the technology, engineering, supply chain, finance and sales industries, says education company Skills Development Corporation (SDC) CEO Daniel Gibhard. SDC studied the... 

International team, including local scientist, reports Einstein’s theory passes major test

By: Rebecca Campbell     14th December 2021 The South African Radio Astronomy Observatory has announced that its Chief Scientist, Dr Fernando Camilo, was a member of an international team of 29 scientists from ten countries who have successfully concluded a 16-year experiment to test the renowned physicist Albert Einstein‘s Theory of... 

HSBC says it will phase out financing of thermal coal by 2040

By: Bloomberg     14th December 2021 HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel. The London-based lender will stop financing thermal coal in the European Union and countries belonging to... 

Sedibelo’s green platinum resolve firmed up by first-of-a-kind ESG appointment  

By: Martin Creamer     14th December 2021 In a mining investment world increasingly dominated by environmental social and governance (ESG) demands, the resolve of Sedibelo Platinum Mines to be a green platinum group metals producer has been firmed up by the timely first-of-a-kind appointment of a chief ESG officer. As chief ESG officer,... 

Picture supplied by Pallinghurst
Arne Frandsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Salba urges government to use ‘science and logic’ to handle Omicron

By: Donna Slater     14th December 2021 The South African Liquor Brandowners Association (Salba) has written to the National Coronavirus Command Council expressing concern about the rise in Covid-19 infections and calling on the government to apply a science-based approach and not rush to a “knee-jerk” response as it has in the past.... 

Opinion: Is South Africa’s new infrastructure investment plan key to a revitalised construction sector? 

14th December 2021 In this opinion article, Aprio Strategic Communications founder Julian Gwillim writes about how infrastructure investment could benefit South Africa's struggling construction sector, but implementation of government's ambitious infrastructure investment plan is key. 

Aprio Strategic Communications founder Julian Gwillim

Eskom to engage on way forward after being denied permission to delay air-quality compliance  

By: Terence Creamer     14th December 2021 Eskom says the decision by government to refuse several applications for the postponement of the implementation of some of the air-quality compliance timelines set in legislation will result in the immediate shutting of 16 000 MW of capacity and have a “very significant impact on Eskom's ability... 

An Eskom power station
Photo by Creamer Media
Difficult road to air-quality compliance for Eskom

Competition Commission reaches settlements with two companies over air force tender

By: Rebecca Campbell     14th December 2021 The Competition Tribunal has announced that two separate settlement agreements have been concluded with two companies, regarding alleged collusion regarding a South African Air Force (SAAF) tender. The tender concerned the maintenance of ground command and control systems and intelligence system... 

MTN Nigeria, Mafab Communications get Nigeria's first 5G licences

By: Reuters     14th December 2021 MTN Nigeria and Mafab Communications will each pay $273.6-million for Nigeria's first fifth-generation (5G) high-speed spectrum licences that they were awarded following an auction held by country's telecoms regulator on Monday. The auction, which lasted more than five hours, followed a promise... 

Starbucks South Africa continues nationwide expansion, achieves full vaccination status in ten stores

By: Donna Slater     14th December 2021 Coffee company Starbucks South Africa, after inheriting 13 stores after five years under its previous owners, is continuing its expansion plans throughout the country under the stewardship of its new licensee – Rand Capital Coffee – in December 2019. CEO Adrian Maizey and his team set out plans... 

An image of Starbucks SOuth Africa's Cradlestone outlet
Starbucks South Africa's Cradlestone outlet

CHEP pallet rental solution reduces Clover's carbon emissions

By: Schalk Burger     14th December 2021 Supply chain solutions company CHEP rents out and reuses 345-million wooden pallets used in the transportation of goods, which reduce costs and minimise environmental impact. The reuse model makes business sense, said CHEP South Africa customer relationship manager Celeste Enoch. 

Sasol confirms major downward revision to Secunda’s output amid ongoing coal problems 

By: Terence Creamer     14th December 2021 Chemicals and energy group Sasol has announced a significant downward revision to its 2022 production forecast from its Secunda operations in Mpumalanga, owing to ongoing coal production problems. The JSE-listed company told shareholders on Tuesday that output from Secunda would be between... 

Sasol Secunda
Sasol Secunda

Hydrogen-powered mobility to only take off after 2030 – Fitch Solutions 

By: Donna Slater     14th December 2021 While it expects hydrogen to be a major disruptor for the mobility ecosystem, the nascent maturity of the technology means that it will only “really see a meaningful impact” in decarbonising the transportation system towards the end of the decade, says Fitch Solutions principal autos analyst... 

Hydrogen-powered mobility to only take off after 2030 – Fitch Solutions

Pathcare jumps on board to reduce Covid-19 PCR test price

By: News24Wire      14th December 2021 The Competition Commission has confirmed it has concluded a settlement agreement with the third largest laboratory - Pathcare - to reduce its Covid-19 PCR tests prices with immediate effect. The Pathcare settlement agreement comes at the back of an official announcement by the Competition... 

Associations oppose travel restrictions

By: Schalk Burger     13th December 2021 The American Society of Travel Advisors (Asta), the Association of South African Travel Agencies (Asata), the Association of Canadian Travel Agencies (Acta), the Caribbean Hotel and Tourism Association (CHTA), the European Travel Agents’ and Tour Operators’ Associations (Ectaa) and World Travel... 

Qatar Airways postpones resumption of passenger flights out of South Africa

By: Rebecca Campbell     13th December 2021 Hardly had Qatar Airways, the national flag carrier of Qatar, announced that it was resuming outbound passenger flights from South Africa, than it has had to postpone their implementation. These flights would have been from both Johannesburg and Cape Town. “Due to operational reasons, Qatar... 

Scatec to deliver two hybrid energy plants in Cameroon

By: Simone Liedtke     13th December 2021 Renewable energy company Scatec has entered into a lease agreement with electricity company Eneo in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW/19 MWh storage. The plants will supply low-cost, clean and reliable electricity in Maroua and Guider in the... 

Standard Bank issues green, social bonds to finance renewable, housing projects in South Africa

By: Schalk Burger     13th December 2021 Financial services firm Standard Bank has issued its first local Tier 2 capital qualifying green bond to finance renewable energy projects in South Africa and increased its social bond issued in August to finance mortgage loans in the affordable housing target market, with a focus on women... 

Non-provisional tax returns increase by 46% to 4.3m

By: Schalk Burger     13th December 2021 More than 4.3-million individual non-provisional taxpayers filed their income tax returns by the extended deadline of December 2, which is a 46% increase over 2020, the South African Revenue Service (Sars) said on December 13. “This increase in voluntary compliance was made possible through a... 

Sars Commissioner Edward Kieswetter
Photo by Creamer Media's Donna Slater
Sars Commissioner Edward Kieswetter

Anglo looks to green steel development as one measure to reduce Scope 3 emissions 

By: Donna Slater     13th December 2021 Efforts in the steel industry to increase the metal’s environment friendliness – a process known as “green steel” – will assist diversified miner Anglo American in reducing its Scope 3 emissions, outgoing Anglo American CE Mark Cutifani has said. Speaking during an investor day on December 10,... 

An image of Mark Cutifani
Outgoing Anglo American CE Mark Cutifani

Eskom insists it has applied for a 20.5% tariff hike, as Nersa table shows 32.15% 

By: Terence Creamer     13th December 2021 State-owned electricity utility Eskom continues to maintain that its revenue application, including the implementation of regulatory clearing account (RCA) decisions already made, would translate to a 20.5% increase in the standard tariff on April 1, rather than the 32.15% hike outlined in a ‘pro... 

Photo from previous tariff hearings.
Photo by Creamer Media
Nersa hearings into Eskom's revenue application will be held virtually between January 17 and 21

Airbus boosts its hydrogen aviation research, innovation and development capabilities

By: Rebecca Campbell     13th December 2021 Europe-based global major aerospace group Airbus has announced that it is strengthening both its research capabilities regarding the future use of hydrogen in aviation and its innovation infrastructure in Spain. It was doing so by creating a new entity within its wholly-owned innovation... 

Hydrogen among solutions needed to drive green industry

By: Schalk Burger     13th December 2021 The production and export of green hydrogen is one means for countries to contribute to the global energy transition, with other elements being renewables, energy-efficient design principles and behavioural changes. “There is significant potential for South Africa to create a whole new industry... 

Bottom-line technology to provide business opportunities that cybercriminals will target in 2022

By: Schalk Burger     13th December 2021 Next year is likely to hold many possibilities for companies and cybercriminals alike, says cybersecurity company Trend Micro Cloud and Alliances. Business development manager Willem Barnard and Trend Micro sub-Saharan Africa senior cybersecurity sales engineer Yash Pillay, therefore, advise... 

Parliamentary Committee calls for government to facilitate local defence industry exports

By: Rebecca Campbell     13th December 2021 South Africa’s Parliamentary Joint Standing Committee on Defence has affirmed that the government should give the country’s defence industry the support it needed to ensure its sustainability. The committee did so in a statement released on Friday, in which it reported that it had received the... 

Sanral urges motorists to be patient in areas where roadworks will continue over December

By: Schalk Burger     13th December 2021 Most of the road construction industry will shut down operations on December 15 and resume on January 10, although some projects will continue during the holiday period. As the holidays are fast approaching, the South African National Roads Agency Limited (Sanral) urges motorists to rest, ensure... 

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