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Latest News

SAA failing to pay tax deducted from staff salaries to Sars

By: African News Agency      12th May 2020 South African Airways has not paid over the income tax the company deducted from its employees to the South African Revenue Service and is therefore in breach of the bailout conditions imposed on it by the National Treasury, the Democratic Alliance said on Tuesday. The stricken airline's failure... 

Climate-smart mining tech even more important in a Covid-19 context – World Bank

By: Marleny Arnoldi     12th May 2020 The production of minerals such as graphite, lithium and cobalt could potentially increase by 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank reports. In a report, titled 'Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition',... 

Sibanye reports record earnings, record gold safety, cut debt ratio 

By: Martin Creamer     12th May 2020 Record quarterly earnings, record gold-mining safety and a sharply falling debt ratio were achieved by precious metals mining company Sibanye-Stillwater in the first three months of 2020. In an operating update for the quarter ended March 31, the Johannesburg- and New York-listed company... 

Sibanye reports record earnings, record gold safety, cut debt ratio
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Afrimat ramping up operations in line with market demand

By: Tasneem Bulbulia     12th May 2020 The impact of the South African Covid-19 lockdown on the Afrimat group was dampened by the partial reopening of its Demaneng iron-ore mine and certain industrial minerals operations early in the lockdown period, the company reports. It says the reopening had been undertaken while taking the... 

Kibo increases Mozambique land holding to expand energy projects

By: Donna Slater     12th May 2020 Africa-focused energy company Kibo Energy has acquired 345 ha of land adjacent to its Benga power plant project, in Mozambique's Tete province. Alongside hosting a 150 MW to 300 MW thermal power plant, which is being developed as part of a joint venture agreement with local energy company... 

Convergence Partners platform acquires some of Vodacom Business Africa operations

By: Creamer Media Reporter      12th May 2020 Convergence Partners’ pan-African digital service provider platform inq. Holdings, formerly Synergy Communications, has acquired Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoire. There are further plans to acquire the Cameroon operations, pending regulatory approvals. 

SAB permitted to move stock between facilities

By: Donna Slater     12th May 2020 As of May 11, the South African Breweries (SAB) is permitted to move its stock of alcoholic and non-alcoholic drinks between its manufacturing plants and its depots, after reaching an agreement with government. Prior to this agreement, no alcohol was permitted to be moved, either by individuals... 

Barloworld, Tongaat to evaluate starch sale terms amid Covid-19 impacts

By: Marleny Arnoldi     12th May 2020 JSE-listed industrial group Barloworld believes Covid-19-related impacts on the earnings of JSE-listed sugar manufacturer Tongaat Hulett’s starch business has resulted in a material adverse change (MAC) to the terms of a sale and purchase agreement between the companies. Barloworld in February... 

Barloworld, Tongaat to evaluate starch sale terms amid Covid-19 impacts

Resilient communications have never been more important, says Ericsson 

By: Natasha Odendaal     12th May 2020 Changing patterns in telecommunications traffic owing to the various levels of Covid-19 lockdowns worldwide are shifting the goalposts for predictions in a post Covid-19 world. With increasing surges in connectivity demand, information and communication technology (ICT) firm Ericsson president... 

Resilient communications have never been more important, says Ericsson
Ericsson’s Börje Ekholm, Patrik Cerwall and Jasmeet Singh Sethi discuss the information and communication technology trends that have been seen over the past few months. Editing: Darlene Creamer

South African universities isolate SA’s first novel coronavirus lab culture

By: African News Agency      12th May 2020 Collaborative efforts by the University of the Western Cape (UWC) and Stellenbosch University (SU) have yielded South Africa's first isolated novel coronavirus culture.  Dr Tasnim Suliman from UWC managed to isolate the culture.  

Dangote Cement supports Cameroon's fight against Covid-19

By: African News Agency      12th May 2020 Nigerian cement-manufacturing company Dangote has handed over personal protection equipment (PPE) kits worth 100-million CFA francs to Cameroon’s ministry of public health to support health-care workers on the front line in the country's fight against Covid-19. Cameroon has been fighting the... 

South Africa urged to leverage the full industrial potential of the IRP 2019 as part of post-Covid recovery  

By: Terence Creamer     12th May 2020 The allocation, in the Integrated Resource Plan 2019 (IRP 2019), to renewable energy represents a major opportunity not only to diversify South Africa’s coal-heavy electricity mix, but also to create new domestic industries and jobs, Kearney senior energy principal Prashaen Reddy argues. To fully... 

South Africa urged to leverage the full industrial potential of the IRP 2019 as part of post-Covid recovery
Kearney senior energy principal Prashaen Reddy in conversation with Terence Creamer on the outlook for renewables in South Africa. Editing: Nicholas Boyd

WHO lists three criteria before schools are reopened

By: African News Agency      12th May 2020 The World Health Organisation (WHO) on Monday, called on decision makers to reflect on a number of key factors when deciding on whether and how to reopen schools. "First, a clear understanding about current Covid-19 transmission and severity of the virus in children is needed. Second, the... 

 WHO lists three criteria before schools are reopened

Budget reductions to impact on IT services providers

By: Schalk Burger     12th May 2020 Providing technology services that enable digital transformation is a major area of business for information technology (IT) services vendors but, in the short-term, this business will come under pressure as clients look to reduce costs, says data and analytics company GlobalData Thematic... 

Little insurance cover for Covid-19 impact on business

By: Schalk Burger     12th May 2020 Companies should seek professional advice on whether they are entitled to any insurance benefits against the consequences of the state of disaster declared in response to Covid-19, says legal firm Knowles Husain Lindsay director Nicholas Taitz. The reality is that most commercial policies issued... 

DTIC incentives to be calibrated to maintaining South Africa’s industrial base post-Covid

By: Terence Creamer     11th May 2020 The Department of Trade, Industry and Competition (DTIC) indicated on Monday that a significant portion of its industrial-financing resources were likely to be redirected to firms and industries that were now in distress as a result of the country’s efforts to combat the Covid-19 pandemic.... 

DTIC incentives to be calibrated to maintaining South Africa’s industrial base post-Covid
Photo by Creamer Media
DTIC director-general Lionel October

Best time ever for private sector participation in energy projects

By: Marleny Arnoldi     11th May 2020 With many African governments’ debt levels and servicing costs growing and economies taking hits from plummeting oil and mineral commodity prices, it will become increasingly necessary for private sector participation in infrastructure projects, particularly in the energy space. However,... 

Dealing with Covid-19 impact calls for moral resilience

By: Tasneem Bulbulia     11th May 2020 With the Covid-19 pandemic and subsequent lockdown, South Africans and all the different sectors of the country are faced with moral dilemmas, and the best way to manage this is to turn to moral resilience. This was indicated by speakers during a webinar held by independent public institute, the... 

Progress in sale of AngloGold’s South African assets to Harmony ­ 

By: Martin Creamer     11th May 2020 The sale of the South African portfolio to Harmony Gold had made excellent progress, with unconditional competition approval received last week, AngloGold Ashanti CEO Kelvin Dushnisky said on Monday. The announced sale of the South African operations to Harmony Gold crossed an important hurdle... 

Progress in sale of AngloGold’s South African assets to Harmony ­
Photo by Creamer Media
Mponeng gold mine.

ViroGOLD launches back-to-school label design competition

By: Simone Liedtke     11th May 2020 ViroGOLDSchool, a range of hypochlorous acid  products developed specifically for schools, has launched a back-to-school label design competition and is calling on learners from across the country to participate and stand a chance to win cash for themselves and product for their schools.... 

GovChat to digitise Covid-19 social relief grant campaign

By: Simone Liedtke     11th May 2020 South African civic engagement technology platform GovChat and the South African Social Security Agency (Sassa) have entered into a partnership to support the digitisation of the Covid-19 social relief grant application process. Sassa’s partnership with GovChat enables millions of unemployed... 

GovChat to digitise Covid-19 social relief grant campaign
GovChat founder and CEO Eldrid Jordaan

Gold price exceeding $2 000/oz would not surprise me – Dushnisky 

By: Martin Creamer     11th May 2020 There is every chance that the gold price could exceed $2 000/oz, said AngloGold CEO Kelvin Dushnisky on Monday. Answering journalists’ questions during a virtual media roundtable, Dushnisky said that a gold price higher than $2 000/oz would not come as a surprise to him at all. 

Gold price exceeding $2 000/oz would not surprise me – Dushnisky
Photo by Bloomberg
Kelvin Dushnisky

People need to adapt to new normal or risk mental health fallout

By: Donna Slater     11th May 2020 People around the world are facing unprecedented challenges as a result of the outbreak of Covid-19, with many working from home or in different and unfamiliar environments that have been adapted to be safe while the disease spreads. This is resulting in an increasing number of mental health... 

Road-freight platform Saloodo! launches in Mozambique

By: Irma Venter     11th May 2020 Digital road-freight platform Saloodo! has launched its digital logistics platform for shippers and transport providers in Mozambique, in a move the company hopes will further expand its digital road-freight solution in Africa. Saloodo! is a subsidiary of DHL Global Forwarding, which is a... 

Road-freight platform Saloodo! launches in Mozambique
Tobias Maier

Mechanism in place to repatriate $252m from DRC – AngloGold 

By: Martin Creamer     11th May 2020 A mechanism is in place to repatriate $252-million from the Democratic Republic of Congo (DRC), AngloGold Ashanti CEO Kelvin Dushnisky said on Monday. The Johannesburg- and New York-listed company drew attention to the outstanding cash balances awaiting repatriation from the DRC in a first... 

Mechanism in place to repatriate $252m from DRC – AngloGold
The Kibali gold operation in Dempcratic Republic of Congo.

Packaging industry likely to face dramatic changes, says MetPac-SA

By: Marleny Arnoldi     11th May 2020 Industry organisation MetPac-South Africa (MetPac-SA) says the five-week national Level 5 lockdown in South Africa had constrained the usual material recovery processes and will impact on the recovery rates of metal packaging, and post-consumer packaging material in general, for the rest of the... 

Packaging industry likely to face dramatic changes, says MetPac-SA

BCCEI extends admin and levy waiver to May

By: Marleny Arnoldi     11th May 2020 The Bargaining Council for the Civil Engineering Industry (BCCEI) had taken an unprecedented step in April when it announced that it would waive the BCCEI administration and dispute levy contributions for that month. In bringing further relief to an already ailing industry sector, the BCCEI has... 

NSBC urges big business, govt to continue paying SMEs during Covid-19

By: Simone Liedtke     11th May 2020 Covid-19 and the economic downturn has and will continue to have a “devastating” impact on the small- and medium-sized enterprise (SME) sector throughout South Africa, the National Small Business Chamber (NSBC) founder and CEO Mike Anderson laments. In a statement on May 11, he again implored big... 

NSBC urges big business, govt to continue paying SMEs during Covid-19
NSBC founder and CEO Mike Anderson

Group Five to delist from JSE

By: Simone Liedtke     11th May 2020 Embattled construction company Group Five will delist from the JSE in June. The last day of trading for the company will be on June 9, with the record date for the delisting being June 12 and the company’s listing to be officially removed from the JSE on June 15. 

Mistra celebrates 10 years

By: Sane Dhlamini     11th May 2020 The Mapungubwe Institute for Strategic Reflection (Mistra) has hit ten years of independence and transdisciplinary research. Since May 2010, after much consultation, Mistra was founded by a group of researchers, academics, policymakers and former policy practitioners which created a platform to... 

Mistra celebrates 10 years
Mapungubwe Institute for Strategic Reflection executive director, Joel Netshitenzhe

Recession expected to have severe impact on tenant payment performance

By: Simone Liedtke     11th May 2020 Financial services provider First National Bank (FNB) expects “a very significant” deterioration in residential rental tenant payment performance for this year, with a recession more severe than that of 2008/9 expected for this year. While the tenant performance deterioration in response to an... 

Television White Spaces network operators can now use CSIR’s geolocation spectrum database

By: Simone Liedtke     11th May 2020 In the wake of the Covid-19 pandemic, and in line with the Independent Communications Authority of South Africa’s (Icasa’s) request, the Council for Scientific and Industrial Research (CSIR) has invited interested Television White Spaces (TVWS) network operators to use its Secondary Geo-Location... 

Television White Spaces network operators can now use CSIR’s geolocation spectrum database

SAA rescue team to appeal court ruling on layoffs 

By: Reuters     11th May 2020 Administrators trying save South African Airways will appeal a court ruling that ordered them to halt a layoff process, one of the administrators Siviwe Dongwana told Reuters. The Labour Court's decision to side with two trade unions in its judgment on Friday was a major blow to the... 

SAA rescue team to appeal court ruling on layoffs

Samed urges vigilance in acquiring quality PPE

By: Donna Slater     11th May 2020 The outbreak of Covid-19 in South Africa and the consequent rapid requirement for bulk personal protective equipment (PPE) supply, has led to an influx of PPE products from many suppliers and distributors, thereby raising quality and functionality concerns by the healthcare industry and, in... 

Eskom progresses with generation unit repairs at Medupi   

By: Marleny Arnoldi     11th May 2020 State-owned power utility Eskom has announced that its Unit 3 at Medupi power station is up and running following a 75-day outage to repair major design defects. The unit has now reached its full generation capacity of 793 MW.  

Eskom progresses with generation unit repairs at Medupi
Medupi power station

South African young nuclear professionals support proposed new nuclear plants

By: Rebecca Campbell     11th May 2020 The South African Young Nuclear Professionals Society (SAYNPS) has welcomed the plans put forward by Minerals Resources and Energy Minister Gwede Mantashe on May 7 regarding the country’s nuclear sector. These were proposals to build new nuclear power plants (NPPs), to extend the life of the... 

Pan African lifts Covid help to R5m, recalls workers, unhedges

By: Martin Creamer     11th May 2020 Gold mining company Pan African Resources stated on Monday that it had increased its Covid-19 assistance to R5-million, recalled its permitted employees, updated production guidance and removed hedging from the end of June. Headed by CEO Cobus Loots, the London- and Johannesburg-listed company... 

Pan African lifts Covid help to R5m, recalls workers, unhedges
Photo by Creamer Media
Pan African's Fairview gold operation.

VWSA lost 17 000 units owing to lockdown; restarts production 

By: Irma Venter     11th May 2020 Volkswagen Group South Africa (VWSA) has lost production of around 17 000 vehicles at its Uitenhage plant, in the Eastern Cape, owing to the national Covid-19 lockdown, says chairperson and MD Thomas Schäfer. The plant produces the Polo hatchback for the local and global export markets, with the... 

VWSA lost 17 000 units owing to lockdown; restarts production
Thomas Schäfer
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