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Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole 

By: Terence Creamer     Updated 2 hours 2 minutes ago State-owned electricity producer Eskom is going back to the future as it seeks to close an estimated 1.3-billion ton coal shortfall that it calculates will arise over the remaining life of its coal-fired power station fleet. The shortfall calculation takes account of the decommissioning of the... 

Back to the future for Eskom as it seeks to plug 1.3bn ton coal hole
Photo by Dylan Slater
Primary energy division GM Dan Mashigo

Eskom signs R1.5bn AFD loan agreement 

By: Tasneem Bulbulia     Updated 2 hours 35 minutes ago Eskom and Agence Française de Développement (AFD) on Thursday signed a R1.5-billion loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid along the west coast of South Africa. This loan constitutes the first tranche of a... 

Group Five shares soar as other parties show an interest in buying parts of the business 

By: Simone Liedtke     Updated 7 hours ago JSE-listed Group Five’s share price rose to 48c a share early on Thursday, compared with Wednesday’s close of 24c a share, after the company announced that it had received expressions of interest (EOIs) from a number of parties for various parts of the business. Group Five’s board of directors... 

Group Five shares soar as other parties show an interest in buying parts of the business

South Africa becomes fourth country to deposit instrument of TFTA ratification

By: Marleny Arnoldi     Updated 7 hours ago The South African government has deposited its instrument of ratification of the agreement that establishes the Tripartite Free Trade Area (TFTA) on the margins of the African Union Ministers of Trade meeting that took place in Egypt from December 12 to 13. The deposit of the instrument... 

Cabinet to assess municipal electricity debt management plan in Feb

By: Marleny Arnoldi     Updated 1 hour 53 minutes ago The Department of Cooperative Governance and Traditional Affairs (CoGTA) on Thursday said Cabinet would, in February, consider a detailed implementation plan to deal with the more than R14-billion in debt owned by municipalities to power utility Eskom. This plan is part of CoGTA’s municipal... 

Afrox seeks to improve efficiencies in light of declining growth

By: Tasneem Bulbulia     Updated 7 hours ago Against a backdrop of subdued economic growth during the past two years, which Afrox believes will prevail in the medium term, the company has reviewed its operating model to enable continued growth in earnings, the company said in a trading statement released on Thursday. Particular areas have... 

Emira highlights good demand, pricing for debt refinancing programme

By: Tasneem Bulbulia     Updated 2 hours 15 minutes ago Emira Property Fund has, to date, successfully refinanced more than R1.2-billion of its debt maturing in the current financial year ending June 30, 2019, and is experiencing “keen demand and favourable pricing” in the process, the company noted in a statement on Thursday. In September, the... 

Emira highlights good demand, pricing for debt refinancing programme
Emira CFO Greg Booyens

Prequalification for construction of Phase 2 works on LHWP to launch in January

By: Marleny Arnoldi     Updated 7 hours ago The Lesotho Highlands Water Project (LHWP) will kick 2019 into gear with the launch in January of the prequalification for construction of the Phase 2 main works of the Polihali dam and Polihali transfer tunnel. “The call for expressions of interest for the construction of the 165-m-high... 

DEA launches climate change monitoring app at UN climate change conference

By: Marleny Arnoldi     Updated 2 hours 32 minutes ago The Department of Environmental Affairs (DEA) on Friday launched the South Africa Biennial Update Report Explorer (BURE) app on the sidelines of the United Nations Framework Convention on Climate Change conference in Katowice, Poland. The BURE app is part of South Africa’s Climate Change... 

Iata launches turbulence data sharing platform

By: Nadine James     Updated 7 hours ago The International Air Transport Association (Iata) has launched its Turbulence Aware data resource, which aims to assist airlines avoid turbulence, by augmenting the airlines’ ability to pre-empt turbulence by pooling and sharing real-time data, Iata meteorological programme head Katya... 

ATNS launches 3D mobile simulator

By: Marleny Arnoldi     Updated 2 hours 38 minutes ago Transport Minister Dr Blade Nzimande on Thursday unveiled Air Traffic and Navigation Services’ (ATNS’) new three-dimensional (3D) mobile simulator during the commemoration of the annual International Civil Aviation Day, in Mbombela, Mpumalanga. ATNS chairperson Simphiwe Thobela said the 3D... 

2019 Petco Awards open for nominations

By: Tasneem Bulbulia     Updated 6 hours ago The South African polyethylene terephthalate (PET) industry’s biggest celebration of recycling and waste management excellence, the Petco Awards, are now open for nominations. The awards recognise leadership and future-thinking across the PET industry and beyond in addressing a reduction in, as... 

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

By: Reuters     Updated 3 hours ago Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal. The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and... 

MTN, Nigerian central bank dispute will be over 'very soon' – regulator

By: Reuters     Updated 6 hours ago The Nigerian telecoms regulator said on Thursday that an $8.1-billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over." Nigeria's government "is disposed to (an) amicable resolution," Umar Garba Dambatta, executive... 

Eskom signs R1.5bn loan with French development agency 

By: African News Agency      Updated 3 hours ago Eskom said on Thursday it had signed a loan agreement with the Agence Française de Développement (AFD) for R1.5-billion to extend its transmission grid along the west coast. It is the first tranche of a R6.5-billion loan facility agreed last year. 

Eskom signs R1.5bn loan with French development agency
Photo by Dylan Slater
Eskom CEO Phakamani Hadebe

South African students jet off for prestigious six-months internship with Boeing in USA

By: African News Agency      Updated 4 hours ago Two South Africans will be jetting off to the United States next month for the coveted international business intern program (IBIP) at the Boeing Company's head office in Seattle, Washington. The American multinational aircraft maker said the University of Witwatersrand students, Robert Clark and... 

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     Updated 7 hours ago The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

New Necsa board to consider important issues 

Updated 7 hours ago Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Rebecca Campbell about the changes that have been made to the board and management of the South African Nuclear Energy Corporation and what the entity’s new board will need to focus on going forward. 

New Necsa board to consider important issues

Komatsu opens new central multimillion-rand campus  

Updated 7 hours ago Komatsu Africa Holdings in November opened a new industrial hub, built to the tune of R985-million, in Germiston, in Johannesburg. Tasneem Bulbulia reports. 

Komatsu opens new central multimillion-rand campus

OR Tambo International geared up for 4m passengers

By: Simone Liedtke     12th December 2018 In a statement issued on Wednesday, OR Tambo International Airport said that it has geared up to help an anticipated four-million passengers get their holiday travels under way “stress-free and in the smoothest way possible”. Airport GM Bongiwe Pityi-Vokwana says the airport community is fully... 

Government launches e-Recruitment system  

By: Tasneem Bulbulia     12th December 2018 The Department of Public Service and Administration (DPSA) has officially launched government’s e-Recruitment system, which enables job seekers to apply for positions in the public service through an online platform. The system was launched by Public Service and Administration Minister Ayanda... 

Government launches e-Recruitment system
Public Service and Administration Minister Ayanda Dlodlo

Advocate Pieter Holl appointed Innovation Hub CEO

By: Marleny Arnoldi     12th December 2018 The Gauteng Growth and Development Agency (GDDA) and its subsidiary Innovation Hub have appointed Advocate Pieter Holl CEO of Innovation Hub. He succeeds Dr McClean Sibanda, who served as acting CEO from June to November.  

Scientists discover how immune systems remember, retreat pathogens

By: Marleny Arnoldi     12th December 2018 A study published in Nature Genetics earlier this month has detailed, for the first time, the mechanism that allows the immune system to remember prior exposures to, for example, pathogens (micro-organisms causing infection), and then trigger the right response to reinfection. The study was... 

5G spectrum could boost global GDP by $565bn

By: Natasha Odendaal     12th December 2018 A new study by GSMA shows that the release of the right fifth-generation (5G) spectrum could generate an additional $565-billion in global gross domestic product (GDP) and $152-billion in tax revenue from 2020 to 2034. Next-generation 5G services, leveraging sufficient millimetre wave (mmWave)... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Airline industry growth expected to continue into 2019  

By: Nadine James     12th December 2018 Despite protectionist policies, a lack of infrastructure and a dearth of skilled workers that are challenging the airline industry, the International Air Transport Association (Iata) expects the industry will grow further in 2019. The industry has “been in the black since 2010” and is expected to... 

Airline industry growth expected to continue into 2019
Iata DG and CEO Alexandre de Juniac

Sacci survey anticipates trade conditions remaining subdued for next six months

By: Marleny Arnoldi     12th December 2018 The South African Chamber of Commerce and Industry (Sacci) Trade Conditions Survey for November shows that activity remains subdued and is likely to remain subdued for the next six months. The survey stated that trade conditions remained negative, with the seasonally adjusted trade activity... 

Minerals Minister defends coal, complains about high electricity prices 

By: Rebecca Campbell     12th December 2018 Mineral Resources Minister Gwede Mantashe has defended the role of coal in the country's energy mix and complained about the harmful effect of high electricity prices on the local beneficiation of minerals. He was delivering the keynote address at the launch, in Pretoria, of a book – The Future... 

Minerals Minister defends coal, complains about high electricity prices

Kibo renews MoU with Mozambique utility

By: Marleny Arnoldi     12th December 2018 JSE- and Aim-listed Kibo Energy has renewed and expanded its memorandum of understanding with Mozambican State-owned electricity utility Electricidade de Mocambique (EDM), to advance the financing, construction and operation of the Benga coal independent power project, in Mozambique. Kibo CEO... 

Total to further expand oil exploration footprint in Mauritania

By: Marleny Arnoldi     12th December 2018 Global energy company Total and the Mauritanian Ministry of Petroleum, Energy and Mines have signed an agreement that awards Total two new exploration and production contracts for blocks C15 and C31, which are deep offshore Mauritania. The contracts cover an area of 14 175 km2 and will be 90%... 

Total to further expand oil exploration footprint in Mauritania
Total awarded two new exploration and production contracts in Mauritania

Nigerian court adjourns MTN, central bank case until January 22

By: Reuters     12th December 2018 A Nigerian judge adjourned on Wednesday a hearing over an $8.1-billion dispute between South African telecoms giant MTN and the central bank until January 22. The dispute is over the transfer of $8.1-billion of funds which Nigeria's central bank said the company had sent abroad in breach of... 

SAIEE appoints Sicelo Xulu CEO after ‘intense’ consideration process

By: Marleny Arnoldi     12th December 2018 The South African Institute of Electrical Engineers (SAIEE) has appointed Sicelo Xulu CEO on a three-year term, starting in 2019. He will succeed Stan Bridgens, who held the position for about 12 years.  

SAIEE appoints Sicelo Xulu CEO after ‘intense’ consideration process
New SAIEE CEO Sicelo Xulu

Davies to launch revised business process services incentive scheme

By: Marleny Arnoldi     12th December 2018 Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa’s value proposition, catalysing new investments... 

Group Five appoints Anthony Clacher CFO

By: Marleny Arnoldi     12th December 2018 Construction company Group Five has appointed Anthony Clacher CFO with immediate effect. He succeeds Christina Teixeira, who announced her resignation in October.  

November inflation ticks slightly higher to 5.2%

By: News24Wire      12th December 2018 November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday.  This is up from inflation of 5.1% recorded for October.  

 November inflation ticks slightly higher to 5.2%

Dry conditions threaten 2019 maize crop – Grain SA

By: Reuters     12th December 2018 Dry conditions in the main part of South Africa's maize belt have delayed crop plantings, threatening yields for the staple food and sending prices sharply higher, the farmers lobby group Grain South Africa said on Tuesday. With the optimum planting window fast closing in the western part of the... 

Tanzania to sign deal this week for $3bn power plant – President

By: Reuters     12th December 2018 Tanzania will sign a deal this week for the construction of a $3-billion hydroelectric power plant, the president said in remarks broadcast on state television on Tuesday. President John Magufuli did not name the company awarded the contract for the power plant and dam to be built in the Selous... 

Africa key market for South African exports – Davies

By: African News Agency      12th December 2018 South African businesses should consider the continent an extremely important market, especially for trade in value added products, Trade and Industry Minister Dr Rob Davies has said. Launching the South African stand at the inaugural Intra-Africa Trade Fair (IATF) in Cairo, Egypt, Davies said... 

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