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Latest News

Government allocates R2.9bn for Post Office

By: Marleny Arnoldi     24th October 2018 The South African Post Office (Sapo) will receive R2.9-billion over the next three years to reduce its debt levels, the National Treasury revealed on Wednesday. Sapo has faced financial difficulties and liquidity problems since 2007. Daily Maverick in May reported that Sapo owed many of its... 

Infrastructure at heart of reprioritised, stimulus-aligned expenditure plan 

By: Terence Creamer     24th October 2018 Finance Minister Tito Mboweni has confirmed that expenditure worth R32.4-billion will be reprioritised over the coming three years in line with government’s recently released Economic Stimulus and Recovery Plan. The figure appeared to fall short of the R50-billion reprioritisation target outlined... 

Infrastructure at heart of reprioritised, stimulus-aligned expenditure plan
Finance Minister Tito Mboweni

Don’t limit renewables in IRP, urges prominent activist

By: Kim Cloete     24th October 2018 Prominent activist Liz McDaid has called on the government not to limit the construction of renewable energy capacity under the draft Integrated Resource Plan (IRP) 2018. “A look at the IRP says renewables must be constrained. The rationale for restricting renewables is to pull nuclear or coal... 

South Africa welcomes product exclusion for some steel, aluminium products from Section 232 duties

By: Simone Liedtke     24th October 2018 Following an announcement that the US Department of Commerce has granted product exemptions for certain aluminium and steel products, Trade and Industry Minister Dr Rob Davies on Wednesday welcomed the positive developments as a step towards normalising trade relations between South Africa and... 

Consumer Price Inflation stays 4.9%

By: African News Agency      24th October 2018 The Consumer Price Inflation remained at 4.9% in September 2018, unchanged from August 2018, Statistics SA said Wednesday morning. "The consumer price index increased by 0.5% month-on-month in September 2018. Annual inflation for food and non-alcoholic beverages increased to 3.9% in September... 

Consumer Price Inflation stays 4.9%

Long4Life posts first-half profit, but no dividend

By: Reuters     24th October 2018 South African investment firm Long4Life swung into a trading profit in the half-year to end August, it said on Wednesday, as asset acquisitions became effective, lifting group sales. The firm, owned by Brian Joffe, one of South Africa's most respected dealmakers, has acquired among other brands... 

Mashaba calls for more partnerships during South Africa–Italy Summit

By: Tasneem Bulbulia     24th October 2018 Johannesburg mayor Herman Mashaba has called for more partnerships and better collaboration between South Africa and Italy, as part of efforts to grow the economy. Speaking at the South Africa–Italy Summit/Indaba, he pointed out that the two countries had good trade relations, but encouraged... 

PIC buys into Africa's biggest feedlot in $365m deal

By: Bloomberg     24th October 2018 The Public Investment Corporation (PIC) and black economic empowerment group Pelo Agricultural Ventures agreed to pay as much as R5.2-billion ($365-million) for a majority stake in Karan Beef, which operates the continent’s largest cattle feedlot and abattoir. Founded by the Karan family on their... 

Sars did not implement R200m IT restructuring model, inquiry hears

By: African News Agency      24th October 2018 The R200-million information technology (IT) modernisation model that was developed by a consultancy firm hired by suspended South African Revenue Services (Sars) commissioner Tom Moyane to revive and restructure the revenue service's IT was never implemented, the Nugent Commission of Inquiry... 

Gauteng dams almost 100% full, Western Cape levels stable

By: News24Wire      24th October 2018 Gauteng dam levels are at a whopping 98%, according to a weekly Department of Water and Sanitation report. The latest levels, following heavy rains in the province last weekend, make the dams the fullest in the country, the department said. It said the levels were 12% higher than those recorded... 

Kenya sets aside funds to develop domestic mobile phone industry

By: Reuters     24th October 2018 Kenya's minister of information, communication and technology said on Tuesday that the government had set aside one-billion shillings ($9.90-million) to help local start-ups in the mobile telephone software and hardware segments to grow. Joe Mucheru, the ICT minister, told the annual meeting of... 

SKA South Africa confident radio interference issues with aviation will be solved

By: Rebecca Campbell     24th October 2018 South African Radio Astronomy Observatory (SARAO) strategy and business systems head Dr Adrian Tiplady told Engineering News Online on Tuesday that he was certain that concerns regarding radio frequency interference (RFI) on the SKA telescope from aircraft, and the need to maintain aviation... 

SKA South Africa confident radio interference issues with aviation will be solved
Photo by Dylan Slater
The MeerKAT radio telescope array

NGOs call for more time to deliberate on the draft IRP

By: Kim Cloete     23rd October 2018 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... 

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

By: Terence Creamer     23rd October 2018 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

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

By: Tasneem Bulbulia     23rd October 2018 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... 

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

Parliament hears call to cut air pollution, improve health 

By: Kim Cloete     23rd October 2018 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... 

Shoprite to pay South African customers for reusing plastic bags

By: Reuters     23rd October 2018 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... 

AfDB reports another year of sustained indicators

By: Simone Liedtke     23rd October 2018 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... 

Solidarity Movement to serve court papers on Sasol on Thursday

By: Simone Liedtke     23rd October 2018 On Thursday, thousands of Solidarity 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... 

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

By: Irma Venter     23rd October 2018 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

Grindrod buys marine support services business

By: Nadine James     23rd October 2018 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,... 

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

By: News24Wire      23rd October 2018 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

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.... 

SA and Italy seek to grow trade and investment partnerships
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.

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

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

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

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

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... 

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... 

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... 

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

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

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... 

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 new 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 new turning point for the country. While the country's gross domestic product (GDP) growth is expected to be only 0.8% this... 

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

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