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Ramaphosa sees big green economy opportunity in ‘bold’ climate commitment 

By: Terence Creamer     30th July 2021 President Cyril Ramaphosa says it is time for South Africa to “grasp the nettle” and embark on a “transformative path” towards a climate-resilient society both to fulfil its moral obligations in the face of an intensifying crisis, but also to seize the economic and job opportunities that are... 

Photo of President Cyril Ramaphosa
President Cyril Ramaphosa

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

Transnet to lift force majeure at ports from August 2

By: Simone Liedtke     30th July 2021 State-owned Transnet will, with effect from August 2, lift the force majeure which was declared by Transnet Port Terminals (TPT) over the container terminals in the Ports of Cape Town, Durban, Ngqura and Port Elizabeth. Transnet believes it is now in a position to service its customers and meet... 

VivoPower eyes electric Land Cruiser conversion partnership with Toyota Australia 

By: Irma Venter     30th July 2021 VivoPower International has entered into a binding letter of intent (LoI) with Toyota Australia to collaborate on the electrification of Toyota Land Cruiser vehicles using conversion kits designed and manufactured by VivoPower’s wholly-owned electric vehicle (EV) subsidiary, Tembo e-LV. The LoI... 

Photo of Vivopower's electric Land Cruiser
Vivopower's electric Land Cruiser

French hydrogen sedan manufacturer unveils first rolling prototype 

By: Irma Venter     30th July 2021 French manufacturer of hydrogen-powered sedans, Hopium, has unveiled its first rolling prototype in Paris. Announced in October, last year, and produced in record time in the Linas-Montlhéry test workshop, the vehicle, called the Alpha 0, certifies the reliability of the fuel-cell system, says... 

The Hopium Alpha 0
The Hopium Alpha 0 prototype

M&R’s Clough receives preferred proponent status for Australia transport project

By: Donna Slater     30th July 2021 JSE-listed engineering and construction group Murray & Roberts (M&R) reports that its subsidiary Clough’s joint venture with Acciona has received preferred proponent status on a contract valued at about R2.4-billion for the transportation infrastructure upgrade on behalf of Main Roads in Perth,... 

OHS report calls for consolidation of legislation

By: Tasneem Bulbulia     30th July 2021 Although South Africa has a progressive occupational health and safety (OHS) legislation regime, it needs to fast-track the process of consolidating the related legislation and create a national policy on OHS, the Department of Employment and Labour’s (DEL’s) ‘Profile of Occupational Health and... 

Distributed generation funding model ideas will ‘evolve’, but regulation critical

By: Simone Liedtke     30th July 2021 New funding model ideas for distributed generation projects will evolve as the market expands, but Rand Merchant Bank (RMB) business development head Hugh Howarden has stressed the importance of government clarifying the requirements for the development and registration of such projects.... 

Nedbank suggests clients fund home solar PV systems through their home loans

By: Simone Liedtke     30th July 2021 Nedbank clients have the option to finance the installation of solar photovoltaic (PV) systems for their homes through their Nedbank home loan, the bank’s research, insights, retail and business banking executive Bruno Ching’andu has said. In a South African Photovoltaic Industry... 

South Africa needs all available engineers, says former Saice president

By: Schalk Burger     30th July 2021 South Africa needs all available built environment professionals, especially engineers, to build and manage infrastructure for the benefit of the country's development and future generations, civil engineer and former South African Institution of Civil Engineering (Saice) president Sam Amod said... 

EOH expects improved full-year gross profit margin despite lower second-half revenue

By: Schalk Burger     30th July 2021 Information and communications technology services multinational EOH says it expects to report a gross profit margin improvement of between 4% and 6% for the financial year ending July 31. While total group revenue in the second half of the financial year had been negatively impacted on by the... 

Nampak reports improved results in wake of disruptive 2020

By: Donna Slater     30th July 2021 JSE-listed packaging company Nampak reports that, for the quarter ended June 30, trading conditions improved significantly in comparison with the corresponding period of 2020. During the same time last year, most of Nampak’s businesses were impacted on by a combination of hard lockdowns and... 

Kibo forms working relationship with IGES to pursue South African waste-to-energy projects

By: Donna Slater     30th July 2021 Africa-focused energy company Kibo Energy has satisfied all conditions required, and completed an agreement with South Africa-based Industrial Green Energy Solutions (IGES), to jointly develop a portfolio of waste-to-energy projects in South Africa. The companies entered into an agreement to... 

Govt's R38.9bn relief package  

29th July 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the R38.9-billion relief packaged unveiled by Finance Minister Tito Mboweni to support businesses affected by the recent riots in KwaZulu-Natal and Gauteng, as well as to support poor citizens and vulnerable... 

Govt's R38.9bn relief package

Anglo working towards collaborative decarbonised energy advance across SA  

By: Martin Creamer     30th July 2021 Anglo American, which will have all of its South American operations on renewable energy by the end of next year, is working towards trying to achieve a collaborative multi-company government- and Eskom-linked decarbonised energy advance across South Africa. Speaking to Mining Weekly in a Zoom... 

Anglo American CEO Mark Cutifani speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Magazine round up | 30 July 2021 

30th July 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 30 July 2021

Use COP26 to position South Africa as destination of choice for rapid decarbonisation investment – Moosa

By: Terence Creamer     29th July 2021 Deputy chair of South Africa’s Presidential Climate Commission (PCC) Valli Moosa has presented an upbeat assessment of the country’s ability to position itself as a preferred global destination for foreign and domestic decarbonisation investment. Speaking during a hydrogen-focused webinar on... 

Photo of Presidential Climate Commission deputy chair Valli Moosa speaking during a green hydrogen webinar
Presidential Climate Commission deputy chair Valli Moosa speaks during a green hydrogen webinar

UK awards contract for next phase of development of its Tempest future fighter programme

By: Rebecca Campbell     29th July 2021 UK-based global major aerospace and defence group BAE Systems (BAES) announced on Thursday that it had been awarded a £250-million contract by the UK Ministry of Defence (MOD) to further advance the design and development of the country’s Tempest Future Combat Air System (FCAS). The signing of... 

Recovery in air passenger demand remains weak, reports Iata

By: Rebecca Campbell     29th July 2021 Air passenger demand remains well below the levels experienced before the Covid-19 pandemic, although there has been a minor improvement in both international and domestic air travel numbers, the International Air Transport Association (Iata) reported on Wednesday. Iata is the representative body... 

Global air transport body reports continued strong air cargo demand

By: Rebecca Campbell     29th July 2021 During the first half of this year (1H21), the global air cargo market recorded its strongest semester of growth since 2017. This was reported by the International Air Transport Association (Iata), the representative body of the global airline and air cargo industry, when it released, on... 

GEPF, Menlyn Maine merger gets Tribunal go-ahead

By: Marleny Arnoldi     29th July 2021 The Competition Tribunal has approved the proposed merger between the Government Employees Pension Fund (GEPF) and Menlyn Maine Investment Holdings (MMIH). The transaction will see the GEPF gaining sole control over MMIH’s undivided share of Redevelopment Erf 3 and its share of the rental... 

IBM's $1bn investment in partner ecosystem to accelerate digital transformation of businesses

By: Schalk Burger     29th July 2021 Information technology (IT) multinational IBM has started a new technology unit that encompasses all its brands and technology community, placing its business partners at the forefront of the goal to provide client organisations with access to integrated technology teams to solve their challenges... 

Anglo on trajectory towards becoming minerals solutions provider  

By: Martin Creamer     29th July 2021 Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is... 

Anglo American results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Central, Eastern Europe provides options for South African property diversification

By: Tasneem Bulbulia     29th July 2021 South Africa is in super cycle stagnation phase and moving into a volatile period and, therefore, diversification of portfolios is certainly justified, FNB Commercial Property Finance economist John Loos said, speaking during hybrid fund Fortress REIT’s webinar on June 29. Loos explained that the... 

Seplat Energy continues to deliver robust performance, despite pandemic

By: Simone Liedtke     29th July 2021 Nigerian independent energy company Seplat Energy continues to deliver a robust performance despite the ongoing pandemic, with its second-quarter volumes being significantly higher than that of the first three months of the year. CEO Roger Brown says the company remains “confident of a good... 

Conco Energy Solutions acquired by 51% black female owned company

By: Simone Liedtke     29th July 2021 Energy equipment and solutions provider Conco Energy Solutions has been acquired by wholly black-owned DLO Resources Group, which is headed up by 51% shareholder, founder and CEO Linda Mabhena-Olagunju. DLO is a renewable energy developer and strategic investor. 

De Beers bounces back to 2019 levels with outstanding performance  

By: Martin Creamer     29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... 

De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

AMSA reports decade-high interim Ebitda  

By: Marleny Arnoldi     29th July 2021 Primary steel producer ArcelorMittal South Africa (AMSA) has reported its strongest interim earnings before interest, taxes, depreciation and amortisation (Ebitda) in a decade at R3.21-billion. This compares with a loss of R1.2-billion reported for the six months ended June 30, 2020.  

AMSA CEO Kobus Verster unpacks the primary steel producer's strong interim performance

Imperial goes ahead with J&J Group acquisition

By: Marleny Arnoldi     29th July 2021 JSE-listed Imperial Logistics’ subsidiary Imperial Capital Limited (ICL) has entered into agreements to acquire the J&J Group logistics company, which operates in Africa, for R4.4-billion. Imperial earlier in July announced it is in discussions involving the acquisition of a privately owned... 

South African banks count cost of replacing ATMs looted during unrest

By: Reuters     29th July 2021 South African banks said on Thursday that replacing 1 400 automatic teller machines (ATMs) vandalised and looted during recent violent unrest could take about two months. As much as R20-million could have been taken, "however that is a rough estimate," according to Bongiwe Kunene, managing... 

Capitec Bank

Continental, Siemens Mobility to supply trucks with electricity from overhead lines

By: Irma Venter     29th July 2021 Continental’s development and production service provider, Continental Engineering Services (CES), and Siemens Mobility, have announced that they are collaborating in the development and production of current collectors for trucks, or, so-called pantographs, similar to those seen above some... 

Photo of a truck on the European eHighway

R640m Musina ring road project set for 2022 completion – Sanral  

By: Irma Venter     29th July 2021 The R640-million Musina ring road project is set for completion in the second quarter of next year, says the South African National Roads Agency Limited (Sanral).  The road will serve to alleviate traffic congestion in the Musina central business district (CBD), and reduce the travel time for... 

Image of the Nancefield interchange bridge on the Musina ring road
The Nancefield interchange bridge

Regenesys launches study now, pay later higher education initiative

By: Marleny Arnoldi     29th July 2021 Regenesys Business School on July 28 launched its EdForAll initiative – a technology-driven online higher education initiative delivering internationally recognised degrees, diplomas and certificate programmes from R500 a month to financially disadvantaged students across the world. The... 

Regenesys chairperson Dr Marko Saravanja
Regenesys chairperson Dr Marko Saravanja

Transnet restores operations at ports after cyber-attack

By: Reuters     29th July 2021 South African State logistics firm Transnet has fully restored operations at ports following a cyber attack that forced the firm to declare force majeure at its container terminals, the Ministry of Public Enterprises said. The department said late on Wednesday that the main system responsible for... 

Altron appoints CFO and chairperson

By: Creamer Media Reporter      29th July 2021 JSE-listed Altron has appointed Nicholas Bofilatos as Group CFO, effective July 29, succeeding Cedric Miller, while Stewart van Graan has been appointed chairperson, effective July 28, following Mike Leeming’s retirement. Bofilatos, who joined Altron in 2019 and was finance executive: change... 

World-beating Anglo reports record half-year earnings of $12.1bn 

By: Martin Creamer     29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... 

Picture from Anglo American
Anglo American CEO Mark Cutifani

Meat import associations call for perishables to be moved to inland cold storage facilities

By: Schalk Burger     29th July 2021 The South African Meat Processors Association (Sampa) and the South African Association of Meat Importers and Exporters (AMIE SA) have called for an action plan to ensure imported perishable food containers are re-routed to inland cold storage facilities, as KwaZulu-Natal facilities have been... 

Digital healthcare can take sophisticated medical services to unsophisticated environments

By: Schalk Burger     29th July 2021 Digital healthcare, which is the use of information and communications technologies and devices to provide medical services, can enable the local use of expert and international resources, as well as augment the capabilities of medical practitioners even in resource-constrained environments. This... 

An image of Dr Ryan Noach, CEO of Discovery Health
Discovery Health CEO Dr Ryan Noach

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Magazine round up | 30 July 2021

On-The-Air (30/07/2021)

Govt's R38.9bn relief package

AMSA reports decade-high interim Ebitda

AECI delivers strong performance as trading environment normalises post-Covid

L2D declares interim dividend, despite challenges

On-The-Air (23/07/2021)

Wheeling framework remains an inhibitor to IPPs, says association

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