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Digital transformation of manufacturing expected to improve efficiencies 

By: Schalk Burger     29th June 2022 The transformation of manufacturing processes and operations into connected, integrated, automated and smart operations, collectively known as Industry 4.0, will reduce the amount of low skilled positions but also create new skilled positions, assurance and advisory services multinational PwC... 

Sasol concludes major equity divestment from Rompco pipeline

By: Marleny Arnoldi     29th June 2022 JSE-listed petrochemicals group Sasol says South African gas development company iGas and Companhia Mocambiçana de Gasoduto (CMG) have exercised their pre-emptive right to acquire a 30% equity interest in the Republic of Mozambique Pipeline Company (Rompco) pipeline. The companies exercised... 

Coburn mineral sands mine expedited

By: Darren Parker     29th June 2022 The rapid construction of ASX-listed Strandline Resources’ Coburn mineral sands project in Western Australia has facilitated the start of openpit mine development two months ahead of schedule, the company said on Wednesday. After the successful early mobilisation of the mining contractor in... 

Eskom offers workers 7% increase after illegal protests

By: Bloomberg     29th June 2022 Eskom offers workers 7% increase after illegal protests Eskom Holdings is offering workers a 7% wage increase, after the utility lost units during illegal protests that plunged South Africa into the worst blackouts since 2019, according to people familiar with the information. 

Opinion: Existing regulatory framework provides good backbone for development of South Africa’s green hydrogen sector

29th June 2022 In this article, Bowmans South Africa’s head of public law and regulatory, Claire Tucker, looks at regulation and incentives for the hydrogen economy. She concludes that, while incentives for developing the sector have not yet been finalised, the existing regulatory framework for these industrial... 

Britain sanctions Russia's 'Nickel King'

By: Reuters     29th June 2022 Britain on Wednesday announced sanctions on oligarch Vladimir Potanin, described by London as Russia's second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine. Potanin, known as Russia's "Nickel King", was included in the latest wave of sanctions... 

Stage 6 fiasco: Ratings downgrade may now be on the cards, economists warn

By: News24Wire      29th June 2022 Stage 6 load shedding – the worst since 2019 – sparked by a wildcat strike at ailing power utility Eskom could stamp out the SA economy's recent tentative green shoots, analysts have warned. Amid spiralling unemployment, high inflation and rocketing fuel prices, there have been small pockets of... 

The price of inferior service – the true costs to consider when choosing a TES provider

29th June 2022 By Tania Govender, Sales Director at Worldwide Staffing In an increasingly tight economy, businesses across the globe are unfortunately cutting costs to secure their survival. Slashing expenditure is the order of the day, but the problem with cutting costs and choosing the cheapest service... 

Implats, AMCU sign five-year wage deal

By: Marleny Arnoldi     28th June 2022 JSE-listed Impala Platinum Holdings (Implats) on June 28 signed a five-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) for its operating subsidiaries Marula and Impala Rustenburg, effective July 1. The agreement is in line with current inflation of 6.5% and... 

Motus secures R6.8bn in sustainability-linked finance from Standard Bank

By: Schalk Burger     28th June 2022 Automotive group Motus Holdings has secured a syndicated R6-billion sustainability-linked facility, facilitated by financial services firm Standard Bank, as well as an R800-million sustainability-linked working capital facility from Standard Bank. This South African rand-denominated... 

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