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Cover Story

Electricity wheeling can reduce load-shedding risk if legal, technical uncertainties are addressed

By: Donna SlaterTariffs and the legal framework governing the wheeling of electricity from independent power producers (IPPs), which are taking advantage of the recently declared 100 MW licence threshold, will be key factors in IPPs’ ability and willingness to feed surplus power into regional and national power... 

Electricity wheeling can reduce load-shedding risk if legal, technical uncertainties are addressed

First Word

Companies of social, environmental and economic significance must be public

By: Martin CreamerListed companies have piles of reporting obligations from every angle – carbon emissions, climate change risk, community support, King governance – and unlisted companies have no public transparency obligations at all. As mining companies extract ore that belongs to you and me, it must be made... 

Companies of social, environmental and economic significance must be public

News & Insight

Brand to succeed retiring MBSA CEO Engling in May

By: Irma VenterThe World Economic Forum (WEF) has launched a digital toolbox with more than 200 leading practices and case studies to boost sustainability and reduce emissions of cities. Cities have a crucial role to play in the race to reach net-zero emissions by 2050. The platform focuses on solutions that... 

Cabinet approval of reduced target range for emissions lauded

By: Simone LiedtkeThe Centre for Environmental Rights (CER) has commended Cabinet’s decision to approve a reduced target range for greenhouse-gas (GHG) emissions in South Africa, noting that it is “a marked improvement” from the previous target range proposed by the Department of Forestry, Fisheries and the... 

Cartrack owner acquires 70.1% of Picup Technologies in R70m deal

By: Irma VenterKarooooo has acquired 70.1% of Picup Technologies (Picup) in a deal valued at R70-million.  Karooooo owns 100% of Cartrack, a mobility software-as-a-service (SaaS) platform that maximises the value of automotive and workflow data by providing real-time data analytics solutions for smart... 

Covid-19, reduced funding hamper efforts to eradicate TB by 2030

By: Natasha OdendaalThe global Covid-19 pandemic and low levels of funding are hampering efforts to eradicate tuberculosis (TB) by 2030. Currently, only $6.5-billion a year is available for the TB response globally, less than half of the commitments made at the 2018 United Nations High-Level Meeting (UNHLM) on TB,... 

De Ruyter says ‘substantial’ concessional finance available to support just energy transition

By: Terence CreamerEskom CEO Andre de Ruyter said on Tuesday that the message of the climate envoys who visited South Africa in the run up to the COP26 climate talks in Scotland was that there is “substantial concessional financing available” to enable South Africa to pursue a just energy transition. He indicated,... 

De Ruyter says ‘substantial’ concessional finance available to support just energy transition

Energy features strongly in IDC’s R24bn pipeline as Patel makes ‘go green’ call

By: Terence CreamerThe State-owned Industrial Development Corporation (IDC) is aiming to convert a significant portion of a R24-billion investment pipeline into commitments following a steep fall in both approvals and disbursements during its Covid-afflicted 2020/21 financial year. The development finance... 

Energy features strongly in IDC’s R24bn  pipeline as Patel makes ‘go green’ call

Ford South Africa exports 500 000th Ranger

By: Irma VenterFord South Africa’s (Ford SA’s) Silverton plant, in Pretoria in September produced its 500 000th Ranger for the export market. This year is the current Ranger’s tenth anniversary, with the new model to be launched next year. 

Grants, concessional loans needed to support South Africa’s energy transition

By: Terence CreamerUS Deputy Special Envoy for Climate Dr Jonathan Pershing has described South Africa’s latest climate pledge as “extraordinary” and says the US and other donor countries will seek to support South Africa’s ambition to transition to a decarbonised economy “by the middle of this century” with... 

Grants, concessional loans needed to  support South Africa’s energy transition

Icasa to start spectrum auctioning in March

By: Natasha OdendaalThe Independent Communications Authority of South Africa (Icasa) is preparing to start the auction of the high demand spectrum from March 1, 2022. A new roadmap envisages the publication of invitation to apply (ITA) for the International Mobile Telecommunications (IMT) spectrum by December 10, 2021. 

More than half the world’s population now using mobile Internet

By: Natasha OdendaalDespite the global Covid-19 pandemic, more than half the world’s population is now using the mobile Internet, a new report by GSMA shows. The global State of Mobile Internet Connectivity Report 2021 indicates that just over four-billion people globally are now connected through mobile Internet,... 

Necsa welcomes Nersa decision on new nuclear energy for South Africa

By: Rebecca CampbellThe South African Nuclear Energy Corporation (Necsa) on Wednesday announced its support of the recent National Energy Regulator of South Africa (Nersa) decision to approve the Section 34 (of the Electricity Regulation Act) Determination for 2 500 MW of new nuclear energy. Necsa described this... 

New-vehicle sales momentum continues, despite shortage of some models

By: Irma VenterThe South African new-vehicle market continued to recover some momentum in September, following the disruptions experienced in the economy during July, says WesBank. “Building on August sales successes, September sales . . . provided some reassurance for a stronger final quarter.” 

PPC updates market on restructuring, refinancing initiative

By: Marleny ArnoldiJSE-listed cement manufacturer PPC has provided an update on its restructuring and refinancing project, which has been under way since November 2019. The project is centred on implementing a sustainable capital structure and improving the investment prospects of the group.  

PPC updates market on restructuring,  refinancing initiative

September sales propel Suzuki into ‘top three’

By: Irma VenterSuzuki Auto South Africa (Suzuki SA) in September broke its month-old all-time sales record set in August by more than 600 units. The company last month recorded 3 134 new-vehicle sales, notching up its best month ever and elevating it to a top-three position in overall vehicle sales in the South... 

UK first country to publish proposals for nuclear fusion power regulation

By: Rebecca CampbellThe UK government has released regulatory consultation proposals for the regulation of future nuclear fusion technology and power plant design, development, construction and operation. These were contained in a document called the Fusion Green Paper, which was published on Friday. The public and... 

US-based startup fintech sets up shop in South Africa

By: Natasha OdendaalStartup fintech Chipper Cash has launched its services in South Africa, offering free domestic peer-to-peer (P2P) money transfers as the company rapidly expands its network across Africa. Chipper’s mobile application enables free, unlimited and instant domestic money transfers, selected... 

World Bank ups South Africa’s 2021 growth forecast to 4.6%

By: Terence CreamerThe World Bank expects South Africa to grow by 4.6% in 2021, an upward revision from its 3% April forecast and also a significant improvement on the bank’s 2.6% growth projection published in October last year. “Growth in South Africa is projected to rebound from -6.4% in 2020 to 4.6% in 2021,... 

World Bank ups South Africa’s 2021 growth  forecast to 4.6%

‘Just Transition Transaction’ can unlock fiscal space for South Africa’s low-carbon shift

By: Terence CreamerA Just Transition Transaction (JTT) that enables South Africa to secure highly concessional finance from rich countries in return for accelerated decarbonisation would help create the fiscal space required to take such a programme forward, a new Meridian Economics study asserts. Released to... 

‘Just Transition Transaction’ can unlock fiscal  space for South Africa’s low-carbon shift

Editorial Insight

Transition risks

By: Terence CreamerRecent developments in Europe and Asia – which have seen oil, gas, coal and electricity prices surge, as well as supply disruptions – have raised questions globally about the energy transition, its trajectory and the resilience of future energy systems that are based increasingly on renewable... 

Transition risks

Mining Weekly News

175 MW of renewable power in the offing for Sibanye-Stillwater’s South African PGM mines

By: Martin CreamerA total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

175 MW of renewable power in the offing for  Sibanye-Stillwater’s South African PGM mines

Accenture launches first phase of digital mining supply chain platform

By: Marleny ArnoldiConsultancy Accenture South Africa will in October launch the first phase of a Mining Supply Chain platform it has been developing alongside the Department of Mineral Resources and Energy (DMRE). Accenture growth and sales lead Kgomotso Lebele, during a Limpopo Mining Investment Conference, on... 

Digitalisation slashes Sibanye-Stillwater’s loco incidents

By: Martin CreamerDigitisation has slashed by nearly 70% underground locomotive incidents at Sibanye-Stillwater’s South African gold and platinum group metal (PGM) mines. The digital locomotive systems improve safety and productivity by managing interactions and logistics. 

Digitalisation slashes Sibanye-Stillwater’s loco incidents

Experts extol virtues of immersive training in mining sector

By: Schalk BurgerA range of immersive and educational technology experts have said that immersive training, enabled by virtual and augmented reality and digital education technologies, can deepen learning retention, improve engagement with learning materials, improve safety awareness and responses, and improve... 

Fitch raises copper price forecast

By: Tasneem BulbuliaResearch agency Fitch Solutions Country Risk and Industry Research has revised its copper price forecasts for this year and next to $9 200/t and $8 800/t, respectively, from its previous forecast of $8 700/t and $8 370/t, as prices continue to remain elevated on the back of tight inventories... 

Kamoa-Kakula Phase 1 concentrator exceeds steady-state design throughput

By: Creamer Media Reporter The 3.8-million-tonne-a-year Phase 1 concentrator at Ivanhoe Mines' Kamoa-Kakula mine, in the Democratic Republic of the Congo, milled 319 795 t of ore in September, exceeding the monthly design run rate of 316 667 t. A total of 16 010 t of copper in concentrate were produced (filtered product)... 

Mali’s Goulamina lithium project gets govt backing

By: Esmarie IannucciThe Malian government has backed a joint venture transaction between ASX-listed Firefinch and lithium developer Jiangxi Ganfeng Lithium Co over the Goulamina lithium project. The two companies earlier this year struck an agreement under which Ganfeng would make a $130-million cash investment in... 

Northam board approves renewable-energy plants plus hydrogen project

By: Martin CreamerThe board of platinum group metals (PGMs) mining company Northam Platinum has given its approval for the building of three renewable energy projects at three of the company’s mines plus a hydrogen project at one of them. Northam Platinum CFO Alet Coetzee said this week that board approval had... 

Northam board approves renewable-energy  plants plus hydrogen project

South32’s Fraser to take up gold mining CEO job

By: Mariaan WebbMike Fraser, outgoing COO of ASX- and JSE-listed South32, has been appointed CEO of London-listed Chaarat – a gold mining company which operates in Armenia and Kyrgyzstan. Fraser’s appointment will take effect on January 17. The incoming CEO comments in a statement he is excited to take... 

South32’s Fraser to take up gold mining CEO job

WEF launches digital toolbox to decarbonise cities

By: Schalk BurgerMercedes-Benz South Africa (MBSA) has announced that its CEO and manufacturing executive director, Andreas Engling, will retire on May 1 next year. Engling has been with Mercedes-Benz since 1987, and with MBSA since 2017. 

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