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Rolls-Royce Power Systems seeking to certify its mtu engines with hydrogen fuel

By: Rebecca Campbell     15th October 2021 UK-based global power and industrial technology group Rolls-Royce announced on Friday that its Germany-based Rolls-Royce Power Systems division, which produces mtu-brand engines and power systems, was further developing its power generation units so that they could run on hydrogen. Hydrogen fuel... 

AIIM successfully raises R5bn for infrastructure in SADC

By: Marleny Arnoldi     15th October 2021 Private equity fund manager African Infrastructure Investment Managers (AIIM) has successfully completed a capital increase of R5.5-billion for its flagship Southern African Development Community (SADC) infrastructure fund called the Ideas Managed Fund. The fundraise exceeds an initial... 

Dipula agrees transaction with Resilient to optimise capital structure

By: Tasneem Bulbulia     15th October 2021 South-African focused diversified real estate investment trust (Reit) Dipula Income Fund has concluded formal agreements with Resilient Reit, which is intended to help Dipula optimise its capital structure and unlock shareholder value. In terms of the transaction, Dipula will acquire 50% of the... 

Glencore Coal launches supplier development platform to empower local communities

By: Donna Slater     15th October 2021 Glencore Coal has launched its Enterprise Supplier Development (ESD) portal as a key tool to support small, medium-sized and microenterprises (SMMEs) in the communities in which it operates in an effort to alleviate some of the socioeconomic challenges faced by the communities. The Glencore ESD... 

Seifsa tables final three-year above-inflation wage offer in an effort to end strike

By: Schalk Burger     15th October 2021 Industry employer organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has made a final wage offer to workers' unions in an effort to bring an end to the nine-day strike in the metals and engineering sector. The offer is for the lowest-paid employees to receive... 

Jaguar Land Rover trials world-first digital supply chain for leather using blockchain technology

By: Irma Venter     15th October 2021 Jaguar Land Rover has trialled the use of secure blockchain technology “to ensure full transparency within a sustainable leather supply chain”. In the world-first, the British automaker partnered with supply chain traceability provider Circulor, UK leather manufacturer Bridge of Weir Leather... 

Zambia's State power firm Zesco has $3.5bn debt - energy minister

By: Reuters     15th October 2021 Zambia's State power utility Zesco had a total debt of $3.5 billion as at September 2021, Energy Minister Peter Kapala told parliament on Friday. He added that Zesco had made $400 million in loses between 2018 and 2019 owing to the depreciation of the local Kwacha currency. 

Opinion: Combatting climate change with green energy solutions for Africa

15th October 2021 In this opinion article, Standard Bank head of sustainable finance, wholesale clients Greg Fyfe and head of power, wholesale clients Rentia van Tonder write that Africa has no choice but to join the global drive toward limiting greenhouse-gas emissions; however, the continent must facilitate a... 

ESG, incorporating green energy to increasingly drive business development

By: Donna Slater     15th October 2021 In terms of incorporating environment, social and governance (ESG) conscientiousness into business development models, South Africa, and the financial services sector in particular, has historically, and in recent times, been acknowledged as a global leader, law firm Pinsent Masons transactional... 

Rio adjusts production expectations following tough quarter

By: Esmarie Iannucci     15th October 2021 Mining major Rio Tinto has seen production declines across its portfolio of commodities during the three months to September, and has adjusted some of its targets for 2021. “It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the... 

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