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Buying only SA-made vehicles could boost GDP by R37bn, says Wits study 

By: Irma Venter     23rd October 2018 New research by the University of the Witwatersrand (Wits) shows that a government policy of buying only locally produced cars, bakkies, buses and trucks at national and provincial government level could, through various multiplier effects, increase South Africa’s gross domestic product (GDP) by... 

Buying only SA-made vehicles could boost GDP by R37bn, says Wits study

Energy storage seen as an enabler for grid modernisation in realising IRP 2030 vision 

By: Marleny Arnoldi     23rd October 2018 The advent of technologies such as energy storage, small-scale embedded generation and smart grid solutions are set to fundamentally change South Africa’s electricity landscape, outgoing Eskom generation group executive Thava Govender said during an opening address at the SA Energy Storage... 

Energy storage seen as an enabler for grid modernisation in realising IRP 2030 vision
Photo by Dylan Slater
Eskom generation group executive Thava Govender

Parliament hears call to cut air pollution, improve health 

By: Kim Cloete     Updated 5 hours ago Government has a golden opportunity to improve public health in South Africa and mitigate global climate change if it drops plans for the construction of more coal-fired power stations and focuses more sharply on renewable energy in its Integrated Resource Plan (IRP), says the Public Health... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

By: Terence Creamer     Updated 2 hours 53 minutes ago The National Energy Regulator of South African (Nersa) has unveiled its adjudication timetable for Eskom’s fourth multiyear price determination (MYPD4) revenue application, which will include public hearings in all nine provinces between January 14 and February 1, 2019. The regulator has also... 

Nersa unveils adjudication schedule for Eskom’s 15% hike application

NGOs call for more time to deliberate on the draft IRP

By: Kim Cloete     Updated 7 minutes ago Earthlife Africa has called for more time to deliberate on the draft Integrated Resource Plan (IRP), saying the 60-day period for public comment is "highly ambitious" and many citizens have been left out of the process. Makoma Lekalakala of Earthlife Africa said South Africans had a right to... 

Resilient S Africa emerging from potentially destructive period – Ramaphosa 

By: African News Agency      23rd October 2018 President Cyril Ramaphosa said on Tuesday his government was leading a South Africa emerging from a very difficult past, characterised by massive corruption and the erosion of confidence in key state institutions. "It is important that we should not overlook the challenges that we have, emerging... 

Resilient S Africa emerging from potentially destructive period – Ramaphosa
President Cyril Ramaphosa

Intermodal transport systems vital for growth in South Africa, SADC region 

By: Tasneem Bulbulia     Updated 5 hours ago Intermodal transport systems are vital for economic growth and development in South Africa and the Southern African Development Community (SADC) region, Gauteng Roads and Transport MEC Dr Ismail Vadi said during a presentation at the fifth edition of the South Africa-Italy Summit/Indaba on... 

Gauteng Roads and Transport MEC Dr Ismail Vadi outlines the need for intermodal transport systems in South Africa and the rest of the Southern African Development Community region. Video and editing: Nicholas Boyd.

There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     Updated 6 hours ago Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

 There is room for more ride-hailing services, says Taxify country manager

Solidary Movement to serve court papers on Sasol on Thursday

By: Simone Liedtke     Updated 5 hours ago On Thursday, thousands of Solidary Movement members will serve court papers on integrated energy and chemicals company Sasol at its head office in Sandton. The serving of the court documents comes in the wake of a dispute between Sasol and Solidarity over the exclusion of white employees from the... 

Treasury-led initiative offers free financial education to communities

By: African News Agency      23rd October 2018 The National Treasury and related financial organisations have undertaken what they called a successful campaign to financially educate South African communities. The pilot initiative "Money Smart Week South Africa" went live in the communities of Mamelodi, Tembisa, Alexandra and Soweto from... 

Treasury-led initiative offers free financial education to communities

SA and Italy seek to grow trade and investment partnerships 

By: Tasneem Bulbulia     23rd October 2018 The fifth edition of the South Africa-Italy Summit/Indaba, held in Johannesburg on Tuesday, has emphasised the importance of bilateral trade relations and investment partnerships between the two countries. This year, trade between South Africa and Italy grew by 11% in the first seven months.... 

Italian ambassador to South Africa Pietro Giovanni Donnici speaks about bilateral trade relationships between South Africa and Italy, and Gauteng province director general Phindile Baleni outlines the province’s contribution. Video and editing: Nicholas Boyd.

Grindrod buys marine support services business

By: Nadine James     Updated 6 hours ago JSE-listed Grindrod said on Tuesday that the recently announced acquisition of the Novagroup from Pescanova would enhance its service and product offering, as well as expand its footprint in southern Africa. Nova was established in the 1960s to deliver support services to the maritime industry,... 

AfDB reports another year of sustained indicators

By: Simone Liedtke     Updated 5 hours ago Ahead of its maiden African Investment Forum (AIF) in November, the African Development Bank (AfDB) has reported another year of sustained indicators for 2017, underlined by a Triple A rating by all three major agencies and sharply increased earnings. The bank noted in a statement released on... 

Shoprite to pay South African customers for reusing plastic bags

By: Reuters     Updated 5 hours ago Shoprite Holdings, South Africa's biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution. Supermarkets have come under increased pressure to cut their use of plastic as... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     23rd October 2018 Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

Pollutec 2018 shines the spotlight on Burkina Faso

How strong steel might kill off the next big battery metal story

By: Bloomberg     23rd October 2018 Vanadium’s astonishing rally is threatening its chances of being the next big battery metal. Prices have surged more than 800% in about two years, driven by Chinese demand for stronger steel. There’s also been speculation that vanadium will become a key metal for the battery industry. But with... 

Reduce and reuse raw materials to slash waste and emissions, UN and think-tanks urge

By: Reuters     23rd October 2018 The rapid consumption of raw materials must be curbed to cut waste and carbon emissions, the United Nations and global think-tanks have urged, with resource consumption set to almost double by 2060, especially in developing economies. In the twentieth century, the world mined 34 times more... 

'We'll appoint an NDPP who'll be slippery to clutches of State capture' – Ramaphosa

By: News24Wire      Updated 6 hours ago President Cyril Ramaphosa has promised that South Africa will have a National Director of Public Prosecutions (NDPP) who is "slippery" to potential capturers of the State. The president was speaking at the Heads of Mission Conference at the Department of International Relations in Pretoria on... 

'We'll appoint an NDPP who'll be slippery to clutches of State capture' – Ramaphosa
President Cyril Ramaphosa

Johannesburg mayor Mashaba denounces Gordhan explanation on Denel loan

By: African News Agency      23rd October 2018 Johannesburg mayor Herman Mashaba has accused Public Enterprises Minister Pravin Gordhan of being "economical with the truth" in explaining how state owned arms firm Denel received a R290-million unsecured loan from the city's sinking fund management company. In a written response to questions in... 

Global trade and development trends impact on South Africa, present opportunities

By: Tasneem Bulbulia     22nd October 2018 The recently released United Nations Conference on Trade and Development (Unctad) Trade and Development Report for 2018, entitled ‘Power, Platforms and the Free Trade Delusion’, outlines a number of lessons that South African can learn, and also presents opportunities for the country to... 

Eskom gearing up for big grid-scale battery storage roll-out 

By: Terence Creamer     22nd October 2018 State-owned electricity utility Eskom is preparing to roll-out battery energy storage systems (BESS) across multiple sites as part of a replacement plan for the 100 MW Kiwano concentrated solar power (CSP) project initially approved as part of the $3.75-billion World Bank loan extended to the... 

Eskom gearing up for big grid-scale battery storage roll-out
Photo by Creamer Media
Eskom has been testing battery storage solutions at its research facility in Rosherville for the past few years

FTC gives conditional approval to Praxair-Linde merger

By: Reuters     22nd October 2018 The US Federal Trade Commission said on Monday that it will require Praxair and Linde to divest assets in nine industrial gases product markets in United States, as part of a settlement that resolves charges that their proposed merger would likely be anticompetitive. The assets will be sold to... 

Mboweni walks budget tightrope to fix ailing economy

By: Reuters     22nd October 2018 South Africa's new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession. With the government facing a ballooning debt, stubbornly high unemployment, struggling... 

This year marks positive turning point for South African economy – economist 

By: Simone Liedtke     22nd October 2018 Despite South Africa having experienced subpar economic growth in the last decade, financial services firm Citibank economist Gina Schoeman believes this year has marked a positive turning point for the country. While the country's gross domestic product (GDP) growth is expected to be only 0.8%... 

Citibank economist Gina Schoeman discusses the current state of South Africa's economy. Video and editing: Nicholas Boyd.

enX considers possible sale of fleet management business

By: Tasneem Bulbulia     22nd October 2018 Industrial group enX’s board of directors has completed a strategic review of its ownership interest in its fleet management business, Eqstra Fleet Management and Logistics (EFML), and believes the business may be better suited under a different structure to optimise EFML’s value proposition.... 

International space probe en route to Mercury

By: Rebecca Campbell     22nd October 2018 The joint European-Japanese twin-probe BepiColombo space mission, to the Solar System’s innermost planet, Mercury, was successfully launched from Kourou in French Guiana on Saturday. The spacecraft, built by Airbus and launched by an Ariane 5 rocket, has four main elements: the Mercury Planetary... 

International space probe en route to Mercury
Photo by Airbus
Artist’s impression of the complete BepiColombo spacecraft, before it separates into its component elements, approaching Mercury

Octodec focuses on tenant retention, property value-add in challenging market

By: Marleny Arnoldi     22nd October 2018 JSE-listed real estate investment trust Octodec has declared a 203.4c distribution a share for the financial year ended August 31, which is nearly unchanged from the 203.1c a share distribution reported for 2017. Net asset value per share also remained virtually unchanged at R29.39, compared... 

Octodec focuses on tenant retention, property value-add in challenging market
Octodec MD Jeffrey Wapnick

Calgro M3 remains committed to delivering shareholder value despite current challenges

By: Simone Liedtke     22nd October 2018 In a period described by CEO Wikus Lategan as one of the most difficult ever experienced by the company, JSE-listed Calgro M3 posted revenue of R628.6-million for the six months ended August 31. Calgro M3 faced several major challenges, including uncertainty over the economy, coupled with... 

Nersa initiates public consultation process on two Eskom applications

By: Marleny Arnoldi     22nd October 2018 The National Energy Regulator of South Africa (Nersa) has initiated a public consultation process on two Eskom applications. The first application is the regulatory clearing account (RCA) application of R21.6-billion for the fifth year (2017/18) of the multiyear price determination (MYPD) 3... 

DBSA awarded funding to create R2bn climate finance facility 

By: African News Agency      22nd October 2018 The Development Bank of Southern Africa (DBSA) announced on Monday that it has been awarded funding of R795-million to establish a R2-billion Climate Finance Facility (CFF) focusing on infrastructure projects and businesses that mitigate or adapt to climate change.  The DBSA received funding from... 

DBSA awarded funding to create R2bn climate finance facility
Photo by Creamer Media
DBSA CEO Patrick Dlamini

Kenya's ARM Cement's administrator proposes to keep company running

By: Reuters     22nd October 2018 The administrator of Kenya's debt-laden ARM Cement will ask its creditors for support keeping the company afloat by selling some of its assets to cut debt, as well as a plan to engage with financiers for working capital. George Weru, a co-administrator for the cement firm, told Reuters the... 

Congo sets deadline for plan on 11 000 MW hydropower plant

By: Bloomberg     22nd October 2018 The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11 000 MW facility, the... 

Gautrain expansion decision ‘not imminent’, warns MEC Vadi

By: Irma Venter     22nd October 2018 Government’s sign-off on the expansion of the Gautrain rail network “is not imminent”, warns Gauteng Roads and Transport MEC Dr Ismail Vadi. He noted on Monday that the feasibility study for the proposed Gauteng Rapid Rail Integrated Network Extension Plan had been completed. This study concluded... 

Gautrain expansion decision ‘not imminent’, warns MEC Vadi

Transnet confirms Gama fired with full pay for six months

By: African News Agency      22nd October 2018 Transnet on Monday confirmed that Siyabonga Gama has been fired as the freight rail operator's chief executive officer and said it was in line with a government drive to turn around State-owned entities.  Transnet said it informed Gama of its decision on Sunday and Monday would be his last... 

 Transnet confirms Gama fired with full pay for six months
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Sanral’s strategy, transformation policy ready for Cabinet approval 

By: Irma Venter     22nd October 2018 The South African National Roads Agency Limited’s (Sanral’s) Horizon 2030 strategy is “ready to go to Cabinet”, in a process that will be managed by the Department of Transport (DoT), says Sanral transformation manager Ismail Essa. He says the Minister of Transport, Dr Blade Nzimande, as well as... 

Sanral’s strategy, transformation policy ready for Cabinet approval
RULES OF THE RING Heavyweight contractors are not to box in the lightweight category, warns Sanral

Verimark says majority shareholder intends to delist firm

By: Reuters     22nd October 2018 Verimark Holdings said on Monday its majority shareholder intended to acquire the remaining shares and delist the firm which sells direct response television products. The company said it had received notice from the Van Straaten Family Trust, which holds around 64% stake in Verimark, that it... 

Russia to send more military trainers, equipment to Central African Republic

By: Reuters     22nd October 2018 Russia said on Friday it planned to send additional military equipment to Central African Republic (CAR) and deploy 60 more instructors to train the country's armed forces, escalating its most significant military foray in Africa in decades. Russia donated hundreds of weapons and sent 175... 

Court to hear MTN's case against Nigeria's central bank in $8.1bn transfer row

By: Reuters     22nd October 2018 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1-billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria's forex reserves, the South African... 

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