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Report calls for freeze on new coal, warns of risks if energy transition is delayed

By: Terence Creamer 23rd July 2021 South Africa should freeze investment in new private coal plants, as delaying South Africa’s “inevitable” transition away from the carbon-emitting energy mineral will cause economic damage, a new Trade & Industrial Policy Strategies (TIPS) analysis on the country’s coal value chain states.... →

Transnet working ‘around the clock’ to fix IT disruption

By: Simone Liedtke 23rd July 2021 State-owned Transnet has identified and isolated the source of the disruption to its information technology (IT) systems and says technical teams continue to work “around the clock” to ensure the impact thereof remains minimal. Transnet on July 22 reported the disruption in some of its IT... →

Thermal coal prices to weaken by the end of this year, says Fitch Solutions

By: Simone Liedtke 23rd July 2021 Fitch Solutions Country Risk and Industry expects thermal coal prices to peak during the third quarter of this year and then weaken “substantially” by the end of the year. In spite of this forecast, the research firm increased its average price forecast for the year to $85/t, up from $72/t... →

Greece’s Air Force receives its first example of latest French fighter

By: Rebecca Campbell 23rd July 2021 French aerospace and defence group Dassault Aviation on Wednesday delivered its first Rafale multirole fighter to the Hellenic (Greek) Air Force (HAF). The HAF has ordered a total of 18 Rafales, composed of 12 second hand ex-French Air and Space Force aircraft and six new-build examples. The... →

Vehicle markets gaining momentum

23rd July 2021 Reflecting on the new-vehicle-sales statistics for last month, naamsa | The Automotive Business Council said that the recovery in the new-vehicle market is gaining momentum in line with industry expectations, notwithstanding the country moving from Alert Level 2 to Alert Level 3 in mid-June and... →

Exports could drive S Africa’s recovery

23rd July 2021 Exports could hold the key to South Africa’s economic recovery and growth. South Africa is experiencing a record trade surplus in the wake of the Covid-19 pandemic with exports far outpacing imports, notes financial services provider Standard Bank. Recent data released by the South African... →

Miners benefit from new govt grant

By: Esmarie Iannucci 22nd July 2021 A number of resources companies will benefit from the federal government’s near A$50-million in funding for projects that will help grow Australian businesses and create new jobs. The matched funding from the A$1.3-billion Modern Manufacturing Initiative will support eight companies in the... →

Technology at the heart of insurance in the agri industry, says Santam

By: Marleny Arnoldi 21st July 2021 Optimism in South Africa’s agricultural value chain has reached a six-year high despite the setbacks brought about by Covid-19. Insurance company Santam business development manager Hanlie Kroese says this suggests that the agricultural industry is bouncing back, although the full impact of... →

Sappi incurs R220m loss from precautionary standstill

By: Marleny Arnoldi 21st July 2021 Paper and packaging group Sappi has confirmed that there was no material damage to any of its plants as a result of the recent civil unrest experienced in parts of South Africa. However, the company did incur a permanent loss of sales volumes of about 28 000 t of dissolving pulp (DP) and 7 000... →

Renewable energy associations host capacity-building webinar ahead of fifth Bid Window

By: Donna Slater 21st July 2021 As role-players in South Africa’s renewable energy sector gear up to make submissions in Bid Window 5 (BW 5) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the South African Wind Energy Association (SAWEA) and the South African Photovoltaic Industry... →

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