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Nersa confirms registration of first two 100 MW projects

By: Terence Creamer     Updated 4 hours ago The National Energy Regulator of South Africa (Nersa) has confirmed the registration of the first two 100 MW projects following the August 2021 amendment of Schedule 2 of the Electricity Regulation Act allowing sub-100 MW projects to proceed without a licence. Both solar photovoltaic projects are... 

A solar farm image

Rand supported by S&P outlook upgrade

By: Reuters     Updated 2 hours 32 minutes ago he South African rand was slightly stronger early on Monday, supported by ratings agency S&P upgrading the country's sovereign outlook to "positive". S&P on Friday revised its outlook from "stable" and affirmed the foreign and local currency ratings on favourable terms of trade and a path toward... 

'No attempt to disguise' latest incident of sabotage at Eskom power station as another cable is cut

By: News24Wire      Updated 2 hours 7 minutes ago A cable on Unit 1 at Eskom's Matla Power Station was cut over the weekend in what is now the fourth incident of suspected sabotage at a power station in the past two weeks. News24 understands that on Sunday officials discovered the cut cable, but the 575-megawatt unit had fortunately not tripped... 

Forum set up to improve cooperation between Eskom, Transnet and domestic industrialists 

By: Terence Creamer     20th May 2022 A new forum comprising Eskom, Transnet and domestic industrialists is to be established to improve collaboration between the two large infrastructure-focused State-owned companies and domestic manufacturers and suppliers. The initiative was unveiled by Ministers Pravin Gordhan and Ebrahim Patel... 

Trade, Industry and Competition Minister Ebrahim Patel
Photo by Creamer Media Chief Photographer Donna Slater
Trade, Industry and Competition Minister Ebrahim Patel

BLSA calls for business-friendly policies

By: Tasneem Bulbulia     Updated 2 hours 11 minutes ago The public sector, labour and some civil society organisations must move away from the perception they often have of business as a single entity that they can negotiate with, business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso writes in her weekly newsletter. “I... 

‘Almost inconceivable’ cancellation of Sanral projects to lead to ‘major delays’, says Concor CEO  

By: Irma Venter     20th May 2022 The cancellation of R17.47-billion in tenders by the South African National Roads Agency Limited (Sanral), will lead to major delays in the execution of these projects, warns Concor CEO Lucas Tseki. The tenders that the Sanral board cancelled are the Mtentu Bridge Wild Coast project, on the N2,... 

Image of Concor CEO Lucas Tseki
Lucas Tseki

Barloworld posts solid interim HEPS, but lower BEPS amid Eurasian headwinds

By: Marleny Arnoldi     Updated 42 minutes ago Diversified group Barloworld has delivered a noteworthy increase in group operating profit of 34.7% year-on-year to R2.8-billion for the first six months ended March 31, despite starting to feel the pinch from Eurasian volatilities. The industrial brand-owner plans on paying a 165c apiece... 

ACSA reports high passenger network recovery across all airports

By: Tasneem Bulbulia     Updated 1 hour 1 minute ago The aviation sector is showing some promising signs of recovery, following two years of Covid-19 restrictions that severely impacted on the global industry. This year expected to be a year of steady rebound and renewed activity, Airports Company South Africa (ACSA) says. 

Standard Bank opens access to renewable energy for homeowners

By: Darren Parker     Updated 1 hour 12 minutes ago Financial services company Standard Bank has announced that it is opening access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa through a new Africa-China Trade Solutions (ACTS) renewable energy import... 

Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh
Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh

ESG trends pose potential for Africa’s chemicals sector

By: Tasneem Bulbulia     Updated 1 hour 28 minutes ago Global trends indicate that the chemicals sector is increasingly being driven by environmental, social and governance (ESG) considerations and that decarbonisation is often a key rationale behind investments and divestments in the sector, except for Africa, where investments understandably lagged... 

AfDB starts fund to wean continent off Russian wheat

By: Bloomberg     20th May 2022 Africa’s biggest multilateral lender announced a $1.5-billion fund to boost grain production to help avert potential food shortages stemming from Russia’s war with Ukraine. The African Development Bank will use the facility to supply about 20-million farmers with climate-smart certified seeds and... 

 AfCFTA holds opportunities for South African industry

By: Tasneem Bulbulia     20th May 2022 With progress being made on negotiations for the implementation of the African Continental Free Trade Area (AfCFTA), South Africa’s steel industry could capitalise on opportunities emanating from AfCFTA agreement, once it is implemented. Tralac Trade Law Centre executive director Trudi... 

Steel master plan conference reveals action areas that need urgent attention

By: Tasneem Bulbulia     20th May 2022 There are a number of areas with clear to-do lists and action plans that the industry must collaboratively undertake to ensure the successful implementation of the steel industry master plan. Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza told... 

DWS stresses commitment to Phase 2 of the Vaal Gamagara Water Supply Scheme

By: Yvonne Silaule     20th May 2022 The Northern Cape stands to benefit to the tune of R10-billion when Phase 2 of the Vaal Gamagara Water Supply Scheme (VGWSS) is implemented, Water and Sanitation Minister Senzo Mchunu has announced. The construction of the bulk water supply project is critical to both the mining sector and... 

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Tau outlines GDED budget progress

By: Natasha Odendaal     20th May 2022 As Gauteng Economic Development; Environment, Agriculture and Rural Development MEC Parks Tau delivered the 2022/23 departmental budgets, he outlined the progress that Gauteng has made across the Gauteng City Region. The Gauteng Department of Economic Development’s (GDED’s) pre-designation work... 

Medupi units 1 to 3 at full load, Eskom to bring damaged unit 4 online in August 2024

By: Schalk Burger     20th May 2022 State-owned power utility Eskom this week revealed that it had implemented repairs and fixes to generation Units 1 to 3 at the Medupi power station, and that the units are operating at full load, producing 720 MW of electricity each. Unit 4, which was damaged in a generator explosion, after... 

The Medupi power station
Photo by Creamer Media's Schalk Burger
The Medupi power station

Mantashe says fuel levy cut won't be extended beyond May  

By: News24Wire      20th May 2022 Petrol prices may surge by more than R3.50 a litre in the first week of June, with Gwede Mantashe, Minister of Mineral Resources and Energy, saying that the general fuel levy cut will fall away at the end of May. The levy was cut by R1.50 a litre for April and May as government sought to relieve... 

Minister of Mineral Resources and Energy Gwede Mantashe
Minister of Mineral Resources and Energy Gwede Mantashe

Boeing’s new space capsule successfully launched on second uncrewed test flight

By: Rebecca Campbell     20th May 2022 Boeing’s CST-100 Starliner space capsule was successfully launched, on a United Launch Alliance Atlas V rocket, from Space Launch Complex 41 at the Cape Canaveral Space Force Station in the US State of Florida at 00h54 on Friday morning, South African time (18h54 Thursday, US Eastern Daylight... 

The Starliner capsule is successfully launched on its second uncrewed test flight by an Atlas V rocket
Photo by Nasa
The Starliner capsule is successfully launched on its second uncrewed test flight by an Atlas V rocket

Gordhan reports yet another sabotage incident at Hendrina power station 

By: Terence Creamer     20th May 2022 A day after Eskom confirmed incidents of sabotage at its Tutuka power station, Public Enterprises Minister Pravin Gordhan alleged that another incident of sabotage had taken place at the Hendrina power station. The Hendrina incident raises to six the number of incidents of suspected sabotage that... 

Public Enterprises Minister Pravin Gordhan
Photo by Creamer Media Chief Photographer Donna Slater
Public Enterprises Minister Pravin Gordhan

Wits launches Entrepreneurship Clinic to develop aspiring entrepreneurs

By: Thabi Madiba     20th May 2022 University of the Witwatersrand School of Business Sciences senior lecturer and project leader Dr Robert Venter on Friday described the new Wits Entrepreneurship Clinic as a force for change and redress as it tackled the core challenges facing South African society. Wits launched the WEC, which... 

Image of Wits senior lecturer Dr Robert Venter
Wits senior lecturer Dr Robert Venter

Gauteng Provincial Treasury budget focuses on economy, own revenue improvement

By: Creamer Media Reporter      20th May 2022 Gauteng Finance and e-Government MEC Nomantu Nkomo-Ralehoko is focusing on jobs and the economy in the last two-and-a-half years of this political term of government amid significant challenges faced over the past few years. Presenting the Gauteng Provincial Treasury’s Budget Vote in “complex and... 

Stage 2 load-shedding in the evenings all weekend – Eskom

By: News24Wire      20th May 2022 Eskom says a shortage of generation capacity has persisted, and Stage 2 load shedding will be implemented from 17:00 to 22:00 on Friday, Saturday and Sunday. "As previously communicated, due to the continued shortage of generation capacity Stage 2 load shedding will be implemented from 17:00... 

Eskom power lines

Kibo Energy appoints new CFO

By: Marleny Arnoldi     20th May 2022 Aim- and AltX-listed energy developer Kibo Energy has appointed Cobus van der Merwe group CFO and Pieter Krügel CEO of Kibo subsidiary Mast Energy Developments, effective June 1. Van der Merwe brings to the position more than a decade of experience in managerial and executive roles in the... 

Is the steel master plan delivering?  

By: Creamer Media Reporter      20th May 2022 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about whether the steel master plan is delivering; the lack of demand that is negatively impacting on the industry and how localisation could help to boost demand; and the electricity supply and rail and port... 

Is the steel master plan delivering?

Megger solidifies commitment to Africa with new Durban-based office

By: Simone Liedtke     20th May 2022 With South Africa being one of four regional economic “hotspots” in Africa, testing and measurement equipment manufacturer Megger has chosen the country to be the host of its first African office, which it believes signals “a strong commitment to the African continent”. This, says Megger Africa... 

Megger solidifies commitment to Africa with new Durban-based office

City of Johannesburg partners with IITPSA to support ICT and digital skills development

By: Creamer Media Reporter      20th May 2022 The City of Johannesburg’s Department of Economic Development has signed a Memorandum of Understanding (MoU) with the Institute for Information Technology Professionals South Africa (IITPSA) to collaborate on information and communication technology (ICT) sector development and digital skills... 

KZN working to ensure water supply in all flood stricken areas

By: Yvonne Silaule     20th May 2022 The floods in the KwaZulu-Natal province severely damaged the water treatment plant in oThongathi and major repairs are expected to take a few months to complete at an estimated cost of R30-million, according to the eThekwini metropolitan municipality engineers. As an interim solution, the... 

Rich nations offer debt guarantees on South African climate deal

By: Bloomberg     20th May 2022 A group of the world’s richest nations offered South Africa debt guarantees as part of a proposed $8.5-billion deal designed to cut the nation’s reliance on coal for power generation, people familiar with the talks said, potentially resolving one sticking point in the negotiations. The guarantees... 

Magazine round up | 20 May 2022 

20th May 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 20 May 2022

Mantashe open to meeting with opposition to seek short-term solutions to power crisis 

By: Terence Creamer     19th May 2022 Mineral Resources and Energy Minister Gwede Mantashe has described as “constructive” a proposal by the opposition Democratic Alliance for a meeting to discuss short-term solutions to the country’s ongoing load-shedding crisis. In his Budget Vote address, Mantashe outlined the initiatives his... 

Minerals Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Minerals Resources and Energy Minister Gwede Mantashe

Eskom confirms sabotage incidents at Tutuka

By: Creamer Media Reporter      19th May 2022 Power utility Eskom on May 19 confirmed an incident in which a cable was severed at the Tutuka power station this week while the power station was finalising preparations to return Unit 5 to service. "The damage to the cable had the effect of delaying the unit’s return to service by three days,... 

CGA calls for Public Enterprises budget to address private sector ownership at ports

By: Marleny Arnoldi     19th May 2022 The Citrus Growers’ Association (CGA) is hoping Public Enterprises Minister Pravin Gordhan will use his 2022/23 budget speech to address the challenges at South Africa's ports. Delays and backlogs at the ports are threatening the longer-term sustainability and profitability of the citrus... 

Index shows ‘green’ buildings perform better than non-certified ones on every metric

By: Marleny Arnoldi     19th May 2022 Certified green buildings continue to outperform non-certified assets in the commercial property sector, the MSCI South Africa Green Annual Property Index shows. Particularly, certified green, prime and A-grade offices outperformed non-certified assets of a similar quality by 170 basis points... 

Steel Master Plan presents immediate opportunities for industry, govt

By: Tasneem Bulbulia     19th May 2022 There are a number of opportunities for both government and industry to capitalise on immediately while pursuing the implementation of the Steel Master Plan, speakers agreed during a panel discussion at the Mainstreaming the Steel Master Plan Conference on May 19. Manufacturing Circle executive... 

Fanaroff dismisses infrastructure versus localisation dichotomy as ‘factually wrong’ 

By: Terence Creamer     19th May 2022 The “either-or” narrative pitting accelerated infrastructure delivery against localisation has been challenged by Dr Bernie Fanaroff, who played a central role in the development of the Steel Master Plan, which identifies localisation as one of several instruments to be used to revive the... 

Dr Bernie Fanaroff
Photo by Creamer Media's Donna Slater
Dr Bernie Fanaroff

Alexforbes launches new transformation policy

By: Darren Parker     19th May 2022 Financial services company Alexforbes Investments launched its new transformation policy on May 19. The policy launch took place in conjunction with the publication of the company’s new Transformation Survey, which helped inform the policy. 

Alexforbes Investments CEO Ann Leepile
Alexforbes Investments CEO Ann Leepile

Interest rates increased by biggest margin since 2016

By: News24Wire      19th May 2022 The Reserve Bank's monetary policy committee has increased the repo rate by 50 basis points to 4.75%. This is the largest hike since January 2016. Four members of the committee voted for the increase, while one voted for a 25 basis point hike.   

Reserve Bank governor Lesetja Kganyago
Photo by Bloomberg
Reserve Bank governor Lesetja Kganyago

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