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Latest News

Mboweni wants DA to provide 'evidence' for SAA bailout allegations

By: News24Wire      20th July 2020 Finance Minister Tito Mboweni has hit back at claims by the Democratic Alliance (DA) that National Treasury plans to extend a bailout to help fund the business rescue process of flag carrier South African Airways (SAA). This after the main opposition party announced on Friday that it had filed an... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm 

By: Martin Creamer     20th July 2020 South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm
Herbert Smith Freehills Patrick Leyden and Aobakwe Mametse.

China’s vehicle sales rebound bodes well for platinum group metals demand 

By: Martin Creamer     19th July 2020 The rebound of car sales and heavy-duty vehicle sales in China bodes well for platinum group metals demand as the world’s coronavirus lockdowns ease. A weekend Kitco News video on Platinum Group Metals president and CEO Michael Jones outlined the spurt in car sales in China and a note on LinkedIn... 

China’s vehicle sales rebound bodes well for platinum group metals demand
Photo by Creamer Media
Platinum Group Metals president and CEO Michael Jones.

Solidarity Fund continues to make progress in supporting fight against Covid-19

By: Tasneem Bulbulia     17th July 2020 Four months since the first case of Covid-19 was identified in the country, the Solidarity Fund, established by President Cyril Ramaphosa as a rapid response to augment the fight against the pandemic, has made considerable progress in implementing its mandate and distributing funds, it said... 

TIPS Paper: A case for water and sanitation in South Africa’s post-lockdown economic recovery stimulus package

By: Creamer Media Reporter      17th July 2020 In this working paper, research organisation Trade & Industrial Policy Strategies discusses the need for South Africa to deal with the country's water and sanitation challenges while stimulating the economy. As South Africa responds to Covid-19 and aims to stimulate the economy and job creation... 

SA lagging in ABC best practice, but shoots of activity

By: Tasneem Bulbulia     17th July 2020 South Africa lags behind other jurisdictions like the UK and US in terms of anti-bribery and corruption (ABC) compliance programmes, international law firm Herbert Smith Freehills Johannesburg director Cameron Dunstan-Smith said during the company’s Corporate Crime and Investigations Conference... 

Four manufacturers receive approval to produce 20 000 CPAP devices 

By: Schalk Burger     17th July 2020 Four local manufacturing companies have received South African Health Products Regulatory Authority (SAHPRA) approval to produce 20 000 non-invasive Continuous Positive Airway Pressure (CPAP) devices, with funding secured for 10 000 units, the Department of Trade, Industry and Competition (DTIC)... 

DA files urgent court application to interdict govt bailout for SAA 

By: News24Wire      17th July 2020 The Democratic Alliance said on Friday it had filed an urgent interdict application at the Pretoria division of the high court to stop the bailout of South African Airways. Finance Minister Tito Mboweni and Public Enterprises Minister Pravin Gordhan have committed the government to making... 

 DA files urgent court application to interdict govt bailout for SAA

Covid-19 yet another incentive for govt to speed up renewables capacity

By: Marleny Arnoldi     17th July 2020 Seizing green energy opportunities through increased private sector investments can contribute to South Africa's post-Covid-19 recovery, especially considering that the country faces a possible gross domestic product (GDP) contraction of up to 16% in real terms because of local supply and demand... 

Africa looks for culprits in deepening coronavirus crisis

By: Bloomberg     17th July 2020 African leaders are turning on their citizens as efforts to curb the spread of the coronavirus fall short and already fragile healthcare systems struggle to cope with an influx of patients. The message from governments in several nations that initially praised their citizenry for supporting... 

Africa looks for culprits in deepening coronavirus crisis

Standard Bank signs $485m financing deal for mega Mozambique gas project 

By: Terence Creamer     17th July 2020 South African banking group Standard Bank confirmed on July 17 that it would contribute $485-million (over R8-billion) in debt finance to the $20-billion Mozambique Liquefied Natural Gas (LNG) project, being developed by a Total-led consortium in northern Mozambique. Standard Bank oil and gas... 

Standard Bank signs $485m financing deal for mega Mozambique gas project

Three more South African airports to reopen

By: Rebecca Campbell     17th July 2020 The Airports Company South Africa (ACSA) has assured that East London, George and Kimberley airports are fully ready to resume operations. On Thursday Transport Minister Fikile Mbalula announced that the three regional airports located in the Eastern Cape, Western Cape and Northern Cape provinces... 

Section 12J amendments muddying investment waters, says law firm

By: Donna Slater     17th July 2020 Ongoing amendments to the Section 12J Income Tax Act have left investors at risk as to whether the companies in which they have either invested, or hope to invest, continue to qualify, law firm CMS South Africa partner and tax co-head Andrew Wellsted tells Engineering News. Section 12J was... 

Section 12J amendments muddying investment waters, says law firm
CMS South Africa partner and tax co-head Andrew Wellsted

World’s biggest remaining operator of Boeing 747s to immediately retire the type 

By: Rebecca Campbell     17th July 2020 UK private-sector national flag carrier British Airways (BA), the world’s largest current operator of the renowned Boeing 747 ‘Jumbo jet’, has announced that it was going to immediately retire its entire fleet of the famous type. BA has a fleet of 31 of the Jumbo jets, all being 747-400 models.... 

Covid-19 air travel restrictions have reduced accuracy of global weather forecasts

By: Rebecca Campbell     17th July 2020 The severe disruption to commercial air traffic caused by travel bans and national lockdowns imposed by countries to counter the Covid-19 pandemic has had an unexpected side-effect: a decline in the accuracy of weather forecasts. It is not generally realised that airliners collect and relay data... 

Offices expected to remain relevant post Covid-19, but will have to evolve

By: Donna Slater     17th July 2020 While the Covid-19 pandemic has forced the majority of employees to work from home, the relevance of offices and office-bound working will remain post-Covid-19, says real estate role-players. Sesfikile Capital research head Naeem Tilly says offices are critical to employee productivity and... 

Drones used to combat spread of water-sapping alien trees in semi-arid Karoo

By: Donna Slater     17th July 2020 Drones are being used by the agricultural community in the Western Cape, and more specifically the semi-arid Karoo region, where water resources are under strain, to fight invasive and water-hungry alien plant species. Southern Cape Landowners Initiative’s (SCLI’s) Cobus Meiring explains that,... 

Drones used to combat spread of water-sapping alien trees in semi-arid Karoo
Kammanassie farmer Morné Jonker with the drone sprayer used to fight alien vegetation

Alcohol industry requests research data informing renewed ban

By: Donna Slater     17th July 2020 Stakeholders in the South African alcohol industry are requesting a report of the findings submitted by the South African Medical Research Council’s (SAMRC's) alcohol, tobacco and other drug research unit to the Portfolio Committee on Health on the impact of alcohol on South Africa’s health... 

Scrutiny of new carbon tax regulations can save firms millions

17th July 2020 Almost all of the pieces of the jigsaw are now in place to enable some companies to make big savings on their Carbon Tax bills, Cova Advisory says. However, detailed scrutiny and careful analysis is needed to apply for allowances, some of which were only laid out in detail last month. 

Scrutiny of new carbon tax regulations can save firms millions
Duane Newman

Lockdown: The rejected R1.135bn taxi relief fund is 'safe' in govt coffers, says Mbalula

By: News24Wire      17th July 2020 The R1.135-billion government relief fund rejected by the taxi industry is "safe" in government coffers. Transport Minister Fikile Mbalula told the nation that the rejected funds were with his department and that there were no plans to send them back to National Treasury. 

Lockdown: The rejected R1.135bn taxi relief fund is 'safe' in govt coffers, says Mbalula
Transport Minister Fikile Mbalula

SU Data School launches data science academy

By: Schalk Burger     17th July 2020 Stellenbosch University's (SU's) new School for Data Science and Computational Thinking has opened the African Data Science Academy (ADSA) and is offering two courses in July. "Many universities across the world have identified data science as a very important discipline, because of the data-rich... 

AMSA warns of increased interim loss

By: Creamer Media Reporter      16th July 2020 Steel producer ArcelorMittal South Africa (AMSA) expects its headline loss for the six months ended June 30 to increase by at least R2-billion. It said in a trading update on July 16 that its loss for the period would increase by at least R1.7-billion. 

Household incomes severely, widely impacted by Covid-19 – Old Mutual

By: Donna Slater     16th July 2020 Fifty-eight per cent of households across South Africa are facing high, or overwhelming, financial stress as the Covid-19 crisis impacts people’s savings and raises debt levels, the latest Old Mutual Savings & Investment Monitor, released on July 16, shows. The survey has tracked the shifts in... 

WRC highlights progress in surveillance of Covid-19 in wastewater

By: Schalk Burger     16th July 2020 The Water Research Commission (WRC) says an information sharing and progress meeting among water sector practitioners, universities and laboratories on July 8 on the use of wastewater surveillance to track the spread of Covid-19 means a nationwide programme is imminent. Initiatives being... 

Mantashe agrees to creation of engagement forum with renewables stakeholders 

By: Terence Creamer     16th July 2020 Mineral Resources and Energy Minister Gwede Mantashe met with renewable-energy stakeholders on Thursday in an effort to build trust, improve communication and reduce obstacles to the roll-out of renewable energy in South Africa. The virtual meeting proceeded despite the fact that the Minister had... 

Mantashe agrees to creation of engagement forum with renewables stakeholders
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Crosscall Mobile launches new range of devices, with industry first three-year warranty

By: Natasha Odendaal     16th July 2020 France-headquartered outdoor mobile technology specialist Crosscall has launched a new range of rugged and durable mobile devices in South Africa, all equipped with an industry-first three-year warranty. The latest suite of devices from the French brand include three new smartphones and a tablet,... 

IZA publishes ‘Essentials of Galvanizing’ booklet

By: Simone Liedtke     16th July 2020 The International Zinc Association (IZA) has published its newest guide on the ‘Essentials of Galvanizing’, the primary purpose of which is to be a key reference for engineers and designers globally. Speaking during the booklet’s virtual launch on July 15, IZA’s Simon Norton explained that the... 

ECDC closes offices as staff members contract Covid-19, CFO dies

By: Marleny Arnoldi     16th July 2020 Fund management company, the Eastern Cape Development Corporation, has closed its Queenstown regional office and its East London head office until further notice to allow for decontamination measures. Five staff members have contracted Covid-19 since June 30.  

Global mayors put social, climate wellbeing at the forefront of crises recovery

By: Marleny Arnoldi     16th July 2020 Mayors representing the Global Mayors Covid-19 Recovery Task Force held a press conference on July 15 to release a detailed agenda that outlines specific measures and principles that are necessary for a sustainable and equitable recovery that addresses the immediate pandemic, as well as ensures... 

South Africa extends its longest slump since 1945

By: Bloomberg     16th July 2020 The South African economy extended its longest downward cycle since 1945 as restrictions to curb the spread of the coronavirus weighed on output and are set to hurt household finances even more. The economy entered the 80th month of a weakening cycle in July, according to data in the Reserve... 

South Africa extends its longest slump since 1945

Move Eskom debt to State balance sheet, says ex-Goldman head 

By: Bloomberg     16th July 2020 South Africa can fix the balance sheet of its loss-making power utility by transferring its guaranteed debt to the government’s balance sheet, according to the former chief executive officer of Goldman Sachs Group Inc. in sub-Saharan Africa. Seen as the biggest risk to the nation’s economy, Eskom... 

Move Eskom debt to State balance sheet, says ex-Goldman head

Astral chair, CEO test positive for Covid-19

By: Marleny Arnoldi     16th July 2020 Poultry producer Astral has informed stakeholders that both its chairperson Dr Theuns Eloff and CEO Chris Schutte have tested positive for Covid-19. Eloff is self-isolating at home and is receiving medical treatment for his symptoms, while Schutte is under strict supervision by physicians while... 

A more ambitious renewables roll-out would have major benefits for South Africa, new study shows 

By: Terence Creamer     16th July 2020 A more ambitious renewable-energy build programme than the one outlined in the Integrated Resource Plan 2019 (IRP 2019), which already has a large renewables component, will greatly benefit South Africa and should begin immediately, a new study asserts. Produced jointly by Meridian Economics and... 

A more ambitious renewables roll-out would have major benefits for South Africa, new study shows
Meridian Economics CEO Grove Steyn

Nissan to launch Ariya SUV with 610 km range in Japan, Europe, US next year

By: Irma Venter     16th July 2020 Nissan has introduced the Ariya, a 100% electric sports-utility vehicle (SUV) with a range of up to 610 km – or a one-way trip to Durban from Johannesburg or five to six days of travelling between Pretoria and Johannesburg. The Japanese auto maker believes the Ariya is perfect for the daily... 

Nissan to launch Ariya SUV with 610 km range in Japan, Europe, US next year

Load-shedding returns 

16th July 2020 Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the return of load-shedding, what Eskom is doing to address the situation and how South Africa can move beyond the cycle of power disruptions. 

Load-shedding returns
Load-shedding returns

Virtual event to showcase opportunities arising from mega Moz gas projects 

By: Terence Creamer     16th July 2020 A virtual event is being planned for early August to expose South African companies to the opportunities that are likely to arise directly from the mega-scale liquefied natural gas (LNG) projects that are starting to take shape in northern Mozambique, as well as various associated projects,... 

Virtual event to showcase opportunities arising from mega Moz gas projects

Platinum boosts hydrogen electrolyser performance exponentially – Hydrox   

By: Martin Creamer     16th July 2020 Platinum provides an exponential improvement in the performance of electrolysers used to produce green hydrogen, says Hydrox Holdings CEO Corrie de Jager, who describes platinum’s uplift as being “amazing”. “We tried a smattering of only 9% platinum and it provided a tremendous improvement in the... 

Platinum boosts hydrogen electrolyser performance exponentially – Hydrox
Hydrox CEO Corrie de Jager tells Mining Weekly’s Martin Creamer of the company’s hydrogen breakthrough. Video: Darlene Creamer.

Gordhan, Mboweni commit in letter to obtain funding for SAA

By: News24Wire      16th July 2020 In a letter sent to the business rescue practitioners of South African Airways (SAA) late on Wednesday evening, Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni have committed to obtain funding for the State-owned airline's short, medium and long-term requirements.... 

Gordhan, Mboweni commit in letter to obtain funding for SAA
Public Enterprises Minister Pravin Gordhan
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