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Industrial policy belongs at centre of development agenda – Godongwana

By: Terence Creamer     21st September 2021 Finance Minister Enoch Godongwana says industrial policy and the quest for industrialisation belong back at the centre of the development agenda and are critical for meeting South Africa’s aspirations for higher levels of economic growth, job creation, transformation and development. The South... 

Finance Minister Enoch Godongwana
Photo by Creamer Media
Finance Minister Enoch Godongwana

Telkom to list mast and towers unit

By: Natasha Odendaal     Updated 2 hours 3 minutes ago Telecommunications group Telkom is pursuing a separate listing of its masts and towers business, Swiftnet, on the Johannesburg Stock Exchange. A final determination on the listing of the Telkom subsidiary, which is under management by Gyro, will be made by the end of the financial year. 

Nedbank expands its Avo app to include end-to-end digital vehicle shopping 

By: Irma Venter     Updated 1 hour 28 minutes ago Nedbank is promising prospective car buyers a “complete end-to-end digital vehicle shopping experience, saving them vast amounts of time and energy, through the new Avo virtual vehicle-mall feature”. “While there are already quite a few websites and aggregators where people can browse vehicles,... 

Image of someone using the Nedbank Avo app

Nersa approves Karpowership generation licences

By: News24Wire      Updated 2 hours 20 minutes ago The National Energy Regulator of South Africa (Nersa) has approved three generation licences for floating powership provider Karpowership. The decision was taken at a special meeting of the energy regulator on Tuesday afternoon. The regulator approved generation licences for Karpowership at... 

Porsche, Siemens join world-first project to produce e-fuel in Chile

By: Irma Venter     Updated 12 minutes ago German sports-car manufacturer Porsche and Siemens Energy have joined forces with a number of international companies to build an industrial plant for the production of nearly carbon dioxide-neutral fuel (e-fuel) in Punta Arenas, Chile.  A pilot plant is initially being built north of Punta... 

Image of the Haru Oni project in Chile
The project site in Chile

UN chief warns world is facing 'dead end' over climate, Covid

By: Bloomberg     Updated 1 hour 9 minutes ago United Nations Secretary-General Antonio Guterres warned the world is hurtling toward ecological destruction, sounding a bleak opening tone to the annual UN General Assembly meeting in New York. Speaking a day after convening world leaders to ratchet up climate commitments, Guterres said Tuesday... 

An image of Antonio Guterres
United Nations Secretary-General Antonio Guterres

China to stop building new coal-fired power projects abroad

By: Bloomberg     Updated 1 hour 15 minutes ago China plans to stop building new coal-fired power plants abroad, President Xi Jinping said at a virtual United Nations General Assembly meeting on Tuesday. The announcement came a year after Xi surprised world leaders by pledging to make China carbon-neutral by 2060 after reaching peak emissions... 

An image of Xi Jinping
President Xi Jinping addressing a virtual United Nations General Assembly meeting on Tuesday.

Nkabane says South Africa will move ahead with nuclear procurement in 2022 

By: Terence Creamer     21st September 2021 Deputy Mineral Resources and Energy Minister Dr Nobuhle Nkabane says that South Africa plans to issue a request for proposal (RFP) for a 2 500 MW nuclear programme by the end of March 2022 and complete the procurement in 2024. In an address to the sixty-fifth general conference of the... 

Photo of the Koeberg nuclear power station
The only allocation made in the IRP 2019 for nuclear relates to extending Koeberg's life

Exxaro’s Cennergi to decarbonise group’s own coal mines plus mining industry   

By: Martin Creamer     21st September 2021 Cennergi, the wholly owned renewable energy arm of coal mining company Exxaro and South Africa’s second-largest renewable energy company, is being deployed to decarbonise the Johannesburg Stock Exchange-listed company’s own coal mines. In addition, Exxaro, through Cennergi, is in discussion with... 

Exxaro CEO Mxolisi Mgojo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Engineering sector strike looms as wage talks deadlock

By: Donna Slater     21st September 2021 The National Union of Metalworkers of South Africa (Numsa) on Tuesday announced that it would embark on a national strike in the engineering sector from October 5, after wage talks deadlocked. Numsa has deadlocked with employer associations in engineering, namely the National Employers... 

Civil confidence index edges higher, but lack of work remains a concern

By: Simone Liedtke     21st September 2021 The civil confidence index ticked up slightly to 17 points in the third quarter, but despite the improvement, underlying indicators worsened in the quarter and industry respondents remained dissatisfied with prevailing business conditions. The civil confidence index, compiled by First National... 

Takatso says it is still in talks over SAA investment

By: Reuters     21st September 2021 Takatso Consortium said on Wednesday it was still in discussions with South Africa's Treasury over its purchase of a 51% stake in the country's struggling national airline but said both parties were committed to an agreement. The transaction was large and complex and so might take time to... 

Germany's removal of SA from high-risk list to help tourism recover - Sisulu

By: Yvonne Silaule     21st September 2021 Tourism Minister Lindiwe Sisulu has thanked Germany for its “progressive and scientific” decision to remove South Africa from its high-risk country list, stating that it would directly contribute to efforts to recover the tourism sector. The decision means that vaccinated travellers from South... 

Research group reports low level of market concentration in SA agriculture

By: Rebecca Campbell     21st September 2021 In a recent brief report, the Bureau for Food and Agricultural Policy (BFAP) pointed out that, according to the available data, the agricultural sector was one of the South African economy’s least concentrated sectors. And while agro-processing was much more concentrated that agriculture itself,... 

Airbus-led consortium to pilot liquid hydrogen fuel at French airport

By: Rebecca Campbell     21st September 2021 France’s Lyon-Saint Exupéry Airport will pilot a project, being developed by an Airbus-led consortium, to increase the use of hydrogen in aviation, both in aircraft and ground vehicles, the European-based global major aerospace group announced on Tuesday. Lyon-Saint Exupéry is one of the airports... 

Northam’s Booysendal complex progresses with expansion plans 

Updated 1 hour 41 minutes ago Platinum group metals miner Northam is expanding its ore handling systems to cater for increased volumes coming from its north, central and currently-under-construction south mines, at its Booysendal complex. 

Northam’s Booysendal complex progresses with expansion plans

South Deep gold mine to trial battery electric vehicle next year – Gold Fields 

By: Martin Creamer     21st September 2021 Gold mining company Gold Fields has reached agreement with global engineering group Sandvik to trial a battery electric vehicle (BEV) underground loader at its South Deep gold mine, with the project starting towards the back end of next year, Gold Fields EVP for South Africa Martin Preece said on... 

Gold Fields and Sandvik cooperating on BEVs
Gold Fields EVP for South Africa Martin Preece

DWS on the hunt for permanent director-general

By: Creamer Media Reporter      21st September 2021 The Department of Water and Sanitation (DWS) is seeking a permanent director-general for a five-year contract in Pretoria, calling for applicants to submit their CVs by October 4. The critical post, over the past few financial years, has mostly been held by acting directors-general. 

Banks balk at backing emergency power bidders

By: Bloomberg     21st September 2021 A court case filed by a losing bidder in South Africa’s emergency power program threatens to delay the provision of the electricity by months as banks balk at providing funding because of the risk of an adverse judgment. Officials at three of the seven preferred bidders selected to provide power... 

Banks balk at backing emergency power bidders

RMB arranges R8.45bn sustainability-linked loan for Mediclinic

By: Simone Liedtke     21st September 2021 Hospital operator Mediclinic has refinanced its existing debt through a new R8.45-billion sustainability-linked banking facility – the first of its kind arranged by a bank in Africa. Rand Merchant Bank (RMB), a division of FirstRand Bank, acted as the lead arranger for the transaction. 

Sasol, Imperial explore hydrogen options for decarbonising long-haul trucking

By: Terence Creamer     21st September 2021 South African companies Sasol and Imperial Logistics have entered into an agreement to explore options and solutions for decarbonising heavy-duty long-haul trucking, including through the use of fuel cell electric (FCE) trucks fuelled by green hydrogen. Sasol has already announced its intention... 

Photo of an Imperial Logistics truck
An Imperial Logistics truck

Digital authentication solution wins MTN enterprise app award

By: Schalk Burger     21st September 2021 The biometric digital authentication and automated onboarding solution of technology company iiDENTIFii has won the Best Enterprise Solution award of the MTN Business App of the Year Awards 2021. While technically complex, the solution assures that an individual is a real person and present at... 

Mlambo-Ngcuka wins Bill & Melinda Gates Foundation award

By: Tasneem Bulbulia     21st September 2021 Nonprofit organisation the Bill & Melinda Gates Foundation has announced South African Phumzile Mlambo-Ngcuka, former UN under-secretary-general and executive director of UN Women, as the winner of the 2021 Global Goalkeeper Award. As part of its yearly Goalkeepers campaign, the foundation also... 

DDG Moahloli resigns from Treasury

By: Simone Liedtke     21st September 2021 Tshepiso Moahloli has resigned from her position as the National Treasury’s deputy director-general (DDG) of asset and liability management. The resignation will be official from October 15. 

Organisation files climate lobbying resolution for tabling at Sasol AGM

By: Tasneem Bulbulia     21st September 2021 Nonprofit shareholder activism organisation Just Share and investment management company Aeon Investment Management on September 14 co-filed a nonbinding, advisory shareholder resolution with chemicals company Sasol, for tabling at its November 19 annual general meeting. The resolution asks Sasol... 

Magnesium maelstrom throws up another roadblock for automakers

By: Reuters     21st September 2021 Widespread closures of magnesium smelters in top producer China due to a clampdown on emissions and shortages of energy have propelled prices of the metal to their highest since 2008, posing another headache for automakers. Magnesium, also widely used in the aerospace industry, is needed to make... 

Western Cape turns the sod at three integrated human settlement developments

By: Yvonne Silaule     20th September 2021 Western Cape Human Settlements Minister Tertuis Simmers last week presided over three sod turnings as part of the development that forms part of the Integrated Residential Development Programme (IRDP). The Blompark housing development, in Gansbaai, which has a budget allocation of just over... 

Study reveals South Africa's weather is becoming more extreme

By: Donna Slater     20th September 2021 South Africa is experiencing more maximum temperature records than expected – a trend which appears to be accelerating, a study by a University of Pretoria (UP) Department of Geography, Geoinformatics and Meteorology PhD student Charlotte McBride shows. McBride, of the South African Weather... 

Bojanala SEZ to create jobs, attract R8bn of investment

By: Yvonne Silaule     20th September 2021 The North West provincial government says the Bojanala Special Economic Zone will create an estimated 2 500 jobs and attract about R8-billion of investment. High on the agenda is mineral beneficiation; the creation of an industrial zone and a logistics park; and investment in information and... 

iREREP to have 30-year lead time, private sector to be responsible for technical and financing aspects 

By: Donna Slater     20th September 2021 The Department of Public Works and Infrastructure (DPWI) launched its Integrated Renewable Energy and Resource Efficiency Programme (iREREP) by opening its request for information (RFI) on September 20, saying its 30-year lead time is aligned with government’s National Infrastructure Plan 2050... 

Trade policy can accelerate business emissions reduction – WEF study

By: Schalk Burger     20th September 2021 For businesses to reach their emissions targets, the global trading system needs to adapt and businesses are calling for that change, the World Economic Forum (WEF) states in its 'Delivering a Climate Trade Agenda' industry insights report. Action on trade is necessary for businesses to unlock... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

By: Terence Creamer     20th September 2021 Cabinet has approved an extension of the Hydrogen Society Roadmap (HSRM) to 2030, with the aim of shifting its focus from research to commercialisation. “The HSRM builds on what has been achieved in the past 10 years to prepare South Africa to move from research and development to manufacturing... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

Boeing wins major US Air Force missile maintenance contract

By: Rebecca Campbell     20th September 2021 Giant US aerospace and defence group Boeing announced on Monday that it had been awarded a $1.6-billion sole-source service contract by the US Air Force (USAF). Under the contract, the corporation will service and maintain the guidance systems of the USAF’s land-based Minuteman III... 

Cabinet endorses more ambitious carbon pledge ahead of Glasgow summit 

By: Terence Creamer     20th September 2021 Cabinet has approved a revised – and more ambitious – Nationally Determined Contribution (NDC) carbon mitigation target range for 2030 ahead of the upcoming COP26 gathering, which will take place in Glasgow, Scotland, in November. In a statement, Cabinet announced that South Africa had revised... 

A road to an Eskom power station
Photo by Creamer Media
Eskom plans to decommission 11 GW of coal by 2030

Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Creamer Media screenshot taken during 2021 presentation of Exxaro results
Photo by Creamer Media
Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa

Airbus included in German stock exchange’s new leading index

By: Rebecca Campbell     20th September 2021 Europe-based global giant aerospace group Airbus announced on Monday that it had been included on the Deutsche Börse’s (German stock exchange’s) new DAX40 index, effective immediately. Early this month, the Börse expanded its previous DAX30 index to the new list of 40 enterprises. Airbus is... 

Plan to replace SAFARI-1 with multi-purpose nuclear reactor gets Cabinet nod

By: Terence Creamer     20th September 2021 Cabinet has approved the setting up of the multi-purpose nuclear reactor project to replace the current SAFARI-1 nuclear research reactor, owned by the South African Nuclear Energy Corporation (Necsa). The research reactor, located at Pelindaba, west of Pretoria, is a leading global producer of... 

The Pelindaba complex, west of Pretoria
The Pelindaba complex, west of Pretoria

PPC completes disposal of PPC Lime and PPC Aggregate Quarries Botswana

By: Schalk Burger     20th September 2021 Construction materials company PPC on September 20 announced that all conditions precedent for the disposal of PPC Lime and PPC Aggregate Quarries Botswana (PPC AQB) have been met. The completion of the sale of PPC Lime and PPC AQB is an important and positive step in the ongoing capital... 

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