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Latest News

Cosmic rays could be a problem for quantum computing

By: Rebecca Campbell     31st August 2020 Quantum computing promises to bring huge improvements over conventional computing, if it can be scaled up from the current, basically laboratory test, installations. It would be able to process much more complex problems than conventional computing and do so at far, far higher speeds. But... 

Covid-19 continues to disrupt mining and metals sector

By: Donna Slater     31st August 2020 The mining and metals industry is being deeply impacted by the Covid-19 pandemic, as the situation continues to evolve and the virus spreads throughout the world, reports financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research. The firm notes... 

Rig platform vessel arrives in Mossel Bay for gas drilling expedition

By: Tasneem Bulbulia     31st August 2020 Rig platform, the Deepsea Stavanger, arrived in Mossel Bay on August 21 ahead of its deployment to the Outeniqua Basin where it is scheduled to work on the next phase of the Luiperdpadda project. The basin is situated off the coast of Mossel Bay, where energy giant Total discovered gas condensate... 

Rig platform vessel arrives in Mossel Bay for gas drilling expedition
Deepsea Stavanger

Hudaco settles legal proceedings

By: Tasneem Bulbulia     31st August 2020 JSE-listed Hudaco has agreed to settle its legal proceedings against Bravura Equity Services (BES), Cadiz Holdings and certain other entities in the BES and Cadiz groups, as well as certain BES executives and former executives of Cadiz. This is in exchange for the payment of R35-million on... 

Volkswagen’s Lionesses Den announces winners

By: Irma Venter     31st August 2020 Volkswagen Group South Africa (VWSA), in partnership with Lionesses of Africa, have announced the winners of the Volkswagen’s Lionesses Den competition.   The panel of judges selected the top three pitches after calling on female-owned businesses in South Africa to share a two-minute pitch to win... 

Volkswagen’s Lionesses Den announces winners

Sasol Lake Charles project remains shut after Hurricane Laura

By: Simone Liedtke     31st August 2020 Petrochemicals company Sasol says manufacturing facilities at its Lake Charles Chemicals Complex, in the US, remain shut down as a result of Hurricane Laura. The group last week activated its inclement weather protocols at the complex, in preparation for Hurricane Laura, which made landfall near... 

Key court case in tourist business interruption claims against insurers on Tuesday

By: Rebecca Campbell     31st August 2020 A case of the greatest importance for the hospitality and tourism sector, on the one hand, and the insurance sector, on the other, is to be heard by a full bench of the Western Cape High Court on Tuesday. The case is Ma-Afrika Hotels and the Stellenbosch Kitchen restaurant versus insurance group... 

SABS still going strong after 75 years

By: Marleny Arnoldi     31st August 2020 The South African Bureau of Standards (SABS) is celebrating its seventy-fifth birthday on September 1. The statutory body has been developing national standards, providing quality assessment services and the testing of advanced materials and products in South Africa since its establishment in... 

New ‘single channel’ service created to help resolve barriers to South African exports 

By: Terence Creamer     31st August 2020 The Department of Trade, Industry and Competition (DTIC) has launched a new ‘single channel’ online service through which South African exporters are able to register any problems they are experiencing in their trade interactions and secure dedicated support from government to resolve concerns.... 

 New ‘single channel’ service created to help resolve barriers to South African exports

South Africa working towards reopening international borders

By: African News Agency      31st August 2020 Tourism Minister Mmamoloko Kubayi-Ngubane on Monday said the South African government was working towards the reopening of international travel, which had been put on ice for months since President Cyril Ramaphosa imposed a nationwide lockdown to curb the spread of Covid-19.  “Our next step is to... 

 South Africa working towards reopening international borders
Tourism Minister Mmamoloko Kubayi-Ngubane

State is falling short of expectations – Ramaphosa  

By: Sane Dhlamini     31st August 2020 As South Africa prepares to observe Public Service Month in September, President Cyril Ramaphosa admits that there are fundamental problems government is working to fix. He pointed out that the experience for many South Africans is a State that is falling short of expectations. He said government... 

State is falling short of expectations – Ramaphosa
President Cyril Ramaphosa

RCL Foods leverages diverse portfolio for resilience amid ‘unprecedented hardship’ in South Africa

By: Simone Liedtke     31st August 2020 JSE-listed consumer goods company RCL Foods leveraged the resilience of its diverse portfolio to finish the 12 months to June 30 in a strong cash position, delivering revenue growth of 7.4% in a period of “unprecedented hardship for South African consumers and the local economy”. Underlying... 

RCL Foods leverages diverse portfolio for resilience amid ‘unprecedented hardship’ in South Africa
RCL CEO Miles Dally

Ethiopia seeks US clarification on reports of planned aid cut

By: Bloomberg     31st August 2020 Ethiopia asked the US government to clarify reports it may withhold about $130-million of aid in a bid to pressure the Horn of Africa nation to review its plans to fill a new dam that have affronted its neighbors. “We have asked for clarification on reports of the United States’ decision not to... 

Ramaphosa strengthens hold over South Africa’s ruling party

By: Bloomberg     31st August 2020 President Cyril Ramaphosa gained the upper hand in a power struggle in the nation’s deeply divided ruling party after surviving a bid to force him out of office, clearing the way for him to overhaul his cabinet. The ouster attempt was made during a three-day meeting of the African National... 

Ramaphosa strengthens hold over South Africa’s ruling party
President Cyril Ramaphosa

Department invites comment on guidelines for GHG verification

By: Marleny Arnoldi     31st August 2020 The Department of Environment, Forestry and Fisheries (DEFF) has invited public comment on the Technical Guidelines for Validation and Verification of Greenhouse Gas Emissions by September 24. The purpose of the verification guideline is to support the implementation of the mandatory... 

Department invites comment on guidelines for GHG verification

Mavuso stresses need to clamp down on indebtedness, corruption once and for all

By: Marleny Arnoldi     31st August 2020 Business Leadership South Africa CEO Busi Mavuso says corruption is accelerating South Africa’s indebtedness and will continue to counter any economic revival efforts if it is not stopped. She points out in her latest weekly newsletter that the in-your-face nature of personal protective... 

Mavuso stresses need to clamp down on indebtedness, corruption once and for all
Photo by Creamer Media's Donna Slater
Business Leadership South Africa CEO Busi

Imperial buys stake in local healthcare manufacturing business 

By: Irma Venter     31st August 2020 Imperial has acquired a 49% stake in Pharmafrique, trading as Kiara Health.  Kiara Health is an African pharmaceutical manufacturing and healthcare services company based in Johannesburg. 

More transparency needed in SOE appointments – IoDSA

By: Sane Dhlamini     31st August 2020 The Institute of Directors in Southern Africa has called for more public transparency around board appointments in State-owned enterprises following the recent appointment of African National Congress Youth League leader Magasela Mzobe as Umgeni Water interim board chairperson. Minister of Human... 

More transparency needed in SOE appointments – IoDSA
Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu

E-commerce has finally arrived in South Africa, says Dawn Wing  

By: Irma Venter     31st August 2020 Despite going through a rough patch during the initial hard lockdown in South Africa, Dawn Wing couriers says it has since seen a significant surge in e-commerce.  “The lockdown period business was really tough as volumes were low, but we made a decision to stay open to support our healthcare... 

E-commerce has finally arrived in South Africa, says Dawn Wing

ARM earnings up, dividend declared 

By: Martin Creamer     31st August 2020 The headline earnings of diversified mining company African Rainbow Minerals (ARM) increased by 6% to R5 534-million for the financial year to June 30. A final dividend of R7 a share is declared, in addition to the interim dividend of R5 a share, taking the total dividend for the 2020 financial... 

ARM earnings up, dividend declared
Photo by Creamer Media
ARM executive chairperson Dr Patrice Motsepe

Liquid Telecom appoints new group chief business officer

By: Natasha Odendaal     31st August 2020 Communications solutions provider Liquid Telecom has appointed Clayton Naidoo as group chief business officer, effective October 1. Naidoo, who has more than 14 years of experience in the information and communication technology industry, joins Liquid Telecom from Cisco, where he was GM for... 

Ramaphosa considers Cabinet changes in bid to drive reforms

By: Bloomberg     30th August 2020 President Cyril Ramaphosa is considering making changes to his cabinet after he meets the ruling party’s leadership this weekend, people familiar with the deliberations said. The meeting could be a showdown between the president and his rivals within the African National Congress, the people... 

Ramaphosa considers Cabinet changes in bid to drive reforms

Analysts raise precious metals expansion opportunities for cash-flush Sibanye  

By: Martin Creamer     30th August 2020 Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current... 

Analysts raise precious metals expansion opportunities for cash-flush Sibanye
Sibanye-Stillwater half-year results covered by Mining Weekly’s Martin Creamer. Audio: Darlene Creamer.

IDC expresses outrage over separation packages paid to former Sasol CEOs

By: Tasneem Bulbulia     28th August 2020 The Industrial Development Corporation (IDC) says that, as one of the largest institutional shareholders in energy and chemicals group Sasol, it is “outraged” with the manner in which the Sasol board failed to adequately consult shareholders on the separation packages of the former joint CEOs and... 

Cat Simulators offers new portable training with the SimLite Excavator

By: Tasneem Bulbulia     28th August 2020 Heavy equipment simulator training solutions provider Simformotion has announced the release of the new Cat Simulators System, called SimLite Excavator. The new compact and portable system allows instructors and learners to use the training inside of the classroom at physically distanced stations... 

Cat Simulators offers new portable training with the SimLite Excavator
SimLite

Redefine bids farewell to long-time COO David Rice

By: Simone Liedtke     28th August 2020 JSE-listed real estate investment trust (Reit) Redefine Properties will be bidding farewell to its long-time COO David Rice on August 31. Rice will be retiring from a career of more than 30 years in the property industry but will still remain on-hand on a month-to-month basis to assist in... 

Citizens can collect smart IDs, passports at participating banks

By: Yvonne Silaule     28th August 2020 Citizens who had applied for their smart identification (ID) cards or passports at certain banks before the lockdown was implemented in March, will now be able to collect those documents from the banks on Mondays, Wednesdays and Fridays, the Department of Home Affairs (DHA) has announced. During... 

SmartCover to ensure partial payment of life insurance within 48 hours

By: Schalk Burger     28th August 2020 Fiduciary technology company and online wills platform owner CliqTech and financial services provider Fedgroup Life have launched its SmartCover life insurance product, which will ensure beneficiaries receive at least partial payment of insurance within 48 hours of a claim being submitted. This... 

Bleak outlook for South Africa’s unemployment rate − Schussler

By: Tasneem Bulbulia     28th August 2020 The Covid-19 pandemic and the months of lockdown have had an immense negative impact on economies worldwide, with entire industries forced to close their doors, affecting millions of  workers who either lost their income for weeks on end or lost their jobs altogether, economist Mike Schussler... 

Fin find to conduct SMME survey to gauge Covid-19 impact

By: Tasneem Bulbulia     28th August 2020 Fin find, which provides online access to finance solutions for small, medium-sized and microenterprises (SMMEs), has partnered with industry organisation Business Leadership South Africa (BLSA), government and other stakeholders to conduct a comprehensive study on the impact of the Covid-19... 

BLSA praises govt’s Matric assistance broadcasts

By: Marleny Arnoldi     28th August 2020 Business Leadership South Africa (BLSA) has commended the Department of Basic Education (DBE) for launching a free-to-air television initiative called Woza Matrics. The initiative will assist Grade 12s with their preparation for final exams in November after the government opted to temporarily... 

OR Tambo International Airport expects passenger numbers to significantly increase next month

By: Rebecca Campbell     28th August 2020 OR Tambo International Airport (OR Tambo) will probably handle more than 210 000 passengers next month. That is the estimate of the airport’s management. The currently operating airlines have booked more than 2 500 take-off and landing slots at the airport (which is owned and operated by the... 

Exxaro gives land to emerging farmers, helps build agri-economy

By: Marleny Arnoldi     28th August 2020 As part of its support for South Africa’s land distribution policy, JSE-listed diversified miner Exxaro Resources has embarked on a minerals succession programme that maps the potential agri-economies in communities surrounding its mines. “We are constantly looking at proactive solutions to... 

Gibela has spent R6bn on local procurement since 2014 

By: Marleny Arnoldi     28th August 2020 Train manufacturer Gibela has launched its first socioeconomic impact report, sharing the progress it has made in terms of economic, social and environmental initiatives from January 2014 to March this year. Gibela was formed in 2013 as a black economic empowerment consortium through French... 

Gibela has spent R6bn on local procurement since 2014
Gibela CEO Hector Danisa

Private reserves in SA contribute to protection of carnivores but formal parks remain key

By: Rebecca Campbell     28th August 2020 Research undertaken in South Africa’s Kwazulu-Natal province by an international team of wildlife ecologists has confirmed the value of privately-owned nature reserves and game farms in conserving free-ranging carnivorous animals but also highlighted the fundamental role of formal (national and... 

Private reserves in SA contribute to protection of carnivores but formal parks remain key
Photo by Gonçalo Curveira-Santos
A Leopard photographed by one of the research cameras

SA small business turnover up 9 pct after govt eases Covid-19 restrictions

By: African News Agency      28th August 2020 The further relaxation of Covid-19 restrictions by South Africa's government to allow more economic activity to resume after a nationwide lockdown has led to a nine percent improvement in turnover among small and medium enterprises, a survey released on Friday showed. small business financial... 

 SA small business turnover up 9 pct after govt eases Covid-19 restrictions

Technology company launches tailored Industrial IoT solution for TSF insights

By: Simone Liedtke     28th August 2020 Global Industrial Internet of Things (IIoT) and cloud technology company sensemetrics Inc is transforming sensor data into real-time business intelligence by launching a tailored IIoT solution that gives mining companies and their insurers real-time, end-to-end tailings storage facilities (TSF)... 

Opinion: When allocating fishing rights, govt should learn from the errors of 2016

28th August 2020 The 2016 allocation of rights to the hake inshore trawl fishery was a costly policy and administrative mistake that should not be repeated in the upcoming rights allocation, writes the South African Deep-Sea Trawling Industry Association (SADSTIA). The 2016 allocation of rights to the hake... 

Opinion: When allocating fishing rights, govt should learn from the errors of 2016
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