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BI optimises supply-chain management over its 42-branch network

Updated 23 minutes ago Leading supplier Bearings International (BI), part of the Hudaco Group, has embarked on a process to engage more with the group companies so as to unlock synergies in terms of solutions for its diverse client base. With a 42-branch network across South Africa, BI’s complex supply chain commences... 

WEC unpacks energy investment needs

By: Marleny Arnoldi     30th March 2020 The World Energy Council’s 2019 World Energy Trilemma Index indicates there has been a step change in progress toward basic access in some African countries, with many having made substantive improvements, particularly in access to energy and clean cooking under the United Nations Sustainable... 

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

SARB announces new liquidity measures to support banks 

By: Reuters     20th March 2020 The South African Reserve Bank announced of raft of emergency liquidity measures on Friday, including a lower rate for commercial banks to borrow money from the SARB, in a bid to ease the stress on banks caused by the coronavirus outbreak. "The Standing Facilities lending rate – the rate at which... 

Mines labelled as critical to Qld economy amid Covid-19

By: Esmarie Iannucci     19th March 2020 The Queensland Resources Council (QRC) has welcomed measures announced by the state government to protect the economy, as both state and federal governments classified mining as an ‘essential service’. “As an industry, we are following the advice of health authorities to minimise the impact on... 

Port closures won't impact goods movement – so stop panic buying

By: News24Wire      17th March 2020 The recently announced port closures are only meant to limit the movement of people and will not affect the flow of goods to the country, Trade and Industry Minister Ebrahim Patel has said. Patel stressed that the two ports will only be closed for passengers. Passengers from ships that dock at... 

No immediate power tariff impact, but first court ruling portends material future hikes 

By: Terence Creamer     13th March 2020 The Eskom tariff increase for 2020/21 tabled before lawmakers this week provides no scope for any further hikes this year beyond those already sanctioned for April 1 by the National Energy Regulator of South Africa (Nersa) in previous price determinations and regulatory clearing account (RCA)... 

Investors flee Canada's stock market on worst day in 80 years

By: Bloomberg     13th March 2020 Canadian stocks suffered a stunning 12% drop, the largest in eight decades, as investors size up the likelihood of a global recession because of the coronavirus pandemic. The S&P/TSX Composite Index had its biggest one-day decline since May 1940, according to data compiled by Bloomberg. The 230... 

Copper Mountain changes plans as market tumbles

By: Esmarie Iannucci     10th March 2020 Dual-listed Copper Mountain Mining has revised its mine plan and project schedule for its Copper Mountain mine, in British Columbia, deferring a $22-million capital spend in response to current market conditions and near-term copper uncertainty as a result of the Coronavirus. ASX- and... 

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