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Building activity boosted by office conversions – economist

By: Irma Venter Updated 17 minutes ago The first five months of the year have seen a “remarkable improvement” in the value of buildings completed in the metros and larger municipalities, with the category for additions and alterations coming out on top in terms of year-on-year growth rate, at “a whopping 92%”, says Optimum Investment... →

Graph of buildings completed in first five months of 2022 in South Africa

South Africans called on to apply for funding to build South Africa’s hydrogen economy

By: Martin Creamer Updated 3 hours ago A call for funding applications for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be submitted for the... →

Call for applications for funding for developing the hydrogen economy in South Africa.

Icasa publishes information memorandum for second phase of IMT licensing process

By: Creamer Media Reporter Updated 2 hours 46 minutes ago The Independent Communications Authority of South Africa (Icasa) has published an information memorandum for the initiation of the second phase of the International Mobile Telecommunications (IMT) spectrum licensing process. This will make radio frequency spectrum available to prospective... →

Growing need to embed climate resilience into SA’s infrastructure

By: Nadine James 19th August 2022 News about extreme weather events has become a monthly occurrence, highlighting the importance of embedding some measure of infrastructure and societal resilience in the evolving climate. Damage to the built and natural environments disrupts socioeconomic activity, but the general public,... →

An image of a ravine where part of a bridge washed away during the Kwa-Zulu Natal Floods in April 2022

Photo by GCIS
NEW NORMAL? The floods experienced in KwaZulu-Natal earlier this year killed more than 400 people, immobilised business activity in parts of the province and caused considerable infrastructure damage

Sasol delays 96% gas hike pending ‘engagements with Nersa’

By: Terence Creamer 18th August 2022 Sasol Gas has confirmed that it has delayed the implementation of a controversial 96% increase in the price of pipeline gas, which was initially announced as being effective from August 1. Had the increase been introduced, the price of gas charged to South African customers would have increased... →

Namibian green hydrogen developer expects implementation agreement on $10bn project by year-end

By: Terence Creamer 18th August 2022 Green hydrogen development company Hyphen Hydrogen Energy (Hyphen) is optimistic that the implementation agreement for a planned $10-billion project will be signed with the Namibian government by year-end. The signing of the implementation agreement will trigger the commencement of the front-end... →

Artist impression of the Hyphen green-hydrogen facility planned for Namibia

South African town councils owed Eskom R49.1bn by end-July

By: Bloomberg Updated 5 hours ago South African municipalities’ debt to state-owned power utility Eskom Holdings rose almost 10% since March to R49.1-billion by the end of July, Deputy President David Mabuza said. “This is not a desirable state of affairs for both Eskom and municipalities,” Mabuza told lawmakers in a briefing on... →

City of Cape Town establishes an independent advisory panel for water reuse

By: Natasha Odendaal Updated 2 hours 2 minutes ago The City of Cape Town has embarked on a new water programme that will increase available supply capacity by an additional 300-million litres of water a day through alternative means such desalination, groundwater abstraction, managed aquifer recharge and direct potable water reuse. The Water... →

Cartrack adds new AI-powered safety alerts to driver monitoring

By: Irma Venter 18th August 2022 Cartrack has enabled a series of new safety alerts for vehicle drivers and fleet managers related to speeding, traffic proximity and potential distractions. The company says it has enhanced its video- and sensor-based safety technology – powered by artificial intelligence (AI) – taking its... →

Cartrack Live Vision camera technology is a cloud-connected video management solution that takes feeds from in-cab safety cameras and uses AI analysis to provide proactive driver monitoring

R16bn Harbour Arch development sees Tower 1 reach highest point

By: Irma Venter 18th August 2022 Tower 1 at Cape Town’s new Harbour Arch mixed-use precinct has topped out on the twenty-third floor, 95 m above ground – 30 months after breaking ground in January, 2020. “Reaching the highest point of Tower 1 at Harbour Arch represents a significant milestone in our construction journey,” says... →

Image of Tower 1 in the Harbour Arch development

Agriculture has taken strain this year, BFAP implores govt to fix ports, rail

By: Marleny Arnoldi 18th August 2022 Nonprofit information organisation the Bureau for Food and Agricultural Policy (BFAP) says agriculture’s contribution to gross domestic product (GDP) will decline in the coming year, mostly owing to the fallout from recent blows dealt to the sector, but its contribution should resume an upward... →

Energy transition also requires choices to ensure food, water security

By: Marleny Arnoldi 18th August 2022 While the jury is still out on how exactly climate financing will be used to set South Africa’s energy sector on a low-carbon path, there are various other impacts and changes to industries and households looming, that are not discussed as often. Some of these issues and considerations were... →

Eskom challenges present opportunities for engineers, infrastructure industry

By: Tasneem Bulbulia 18th August 2022 State-owned utility Eskom is facing considerable challenges and steps have to be taken to ensure the current and projected future generation gap is plugged. This opens up opportunities for the infrastructure industry and for engineers over the next 15 years, Eskom group COO Jan Oberholzer averred... →

Exxaro partnering Enertrag to support just energy transition

By: Martin Creamer 18th August 2022 Coal and renewable energy company Exxaro has built a renewable energy business that is said to be well positioned to contribute significantly to addressing South Africa's electricity deficit. Emphasised by the JSE-listed company is that South Africa's economic growth and social progress depends... →

Exxaro's results covered by Mining Weekly's Martin Creamer. Video: Nicholas Boyd,

Exxaro eyeing green hydrogen, new CEO tells Mining Weekly

By: Martin Creamer 18th August 2022 Diversified minerals and energy company Exxaro is eyeing green hydrogen, new Exxaro CEO Dr Nombasa Tsengwa disclosed on Thursday when the JSE-listed company reported 147%-higher half-year group earnings before interest, taxes, depreciation and amortisation (Ebitda) of R10 603-million on mainly... →

Exxaro CEO Dr Nombasa Tsengwa interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Sibanye, Heraeus partner to bring green hydrogen electrocatalysts to the market

By: Darren Parker 18th August 2022 Diversified miner Sibanye-Stillwater and precious metals refiner Heraeus Precious Metals have agreed to collaborate on the research and development of novel electrolyser catalysts containing platinum group metals (PGMs). These electrocatalysts will be high activity and possess the necessary... →

Photo by Creamer Media
Sibanye CEO Neal Froneman

Department of e-Government continues work to digitise government in Gauteng

By: Natasha Odendaal 18th August 2022 The Gauteng Department of e-Government is working to better position itself on how to create smarter solutions to deliver public services to the citizens of Gauteng. The department, the first South African government department established to modernise and digitise services, is tasked with... →

Youth require collaborative, agile approach to skills to benefit from economic opportunities

By: Donna Slater 18th August 2022 The planning that goes into skills development cannot be linear, owing to it being difficult to determine upfront what skills will be needed in the medium- and long term, and it therefore requires a move away from the prevalent silo-based approach that currently prevails, University of the... →

Telkom Business now offers small businesses funding up to R5m within 24 hours

By: Creamer Media Reporter 18th August 2022 Telkom Business has launched Telkom Lend, which enables small businesses to apply online for funding between R20 000 and R5-million within 24 hours. Telkom Lend responds to applications within 24 hours through an end-to-end digital process without paperwork, queues and waiting for a response from... →

Mozambique to export first LNG as global natural-gas prices soar

By: Bloomberg Updated 6 hours ago Mozambique is poised to ship its first cargo of liquefied natural gas overseas, joining the ranks of the world’s exporters as a global energy crunch pushes prices of the fuel to record highs. The LNG tanker British Mentor, operated by BP Plc, is set to arrive Aug. 24 at a new floating terminal... →

Grindrod to post 188% earnings growth for H1

By: Marleny Arnoldi 18th August 2022 Further to a trading statement published on June 28, JSE-listed freight and logistics group Grindrod in an on August 18 release says it now expects, with greater certainty, to report earnings of between R370-million and R400-million for the six months ended June 30, compared with a R424-million... →

Adcock to report up to 25% increase in full-year earnings

By: Marleny Arnoldi 18th August 2022 JSE-listed pharmaceutical group Adcock Ingram Holdings expects to report a 24% to 25% year-on-year increase in earnings per share (EPS) to between 492c and 495c for the financial year ended June 30. This compares with EPS of 396c posted in the prior financial year. →

Magazine round up | 19 August 2022

Updated 7 hours ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. →

Magazine round up | 19 August 2022

Kganyago warns South Africa of grey list fallout

By: Bloomberg 18th August 2022 South Africa’s central bank governor urged authorities to take urgent action to prevent the nation’s being added on a global watchdog’s “grey list” of countries that aren’t doing enough to stop the flow of dirty money. The negative economic consequences of the increased scrutiny it would bring... →

Traders stare at losses as gold coins boost Zimbabwe dollar

By: Bloomberg 18th August 2022 Not everyone is happy about the Zimbabwean dollar’s gains. Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunities. →

Exxaro's half-year earnings soar 147% to R10bn

By: Martin Creamer 18th August 2022 Diversified resources group Exxaro on Thursday reported increased half-year revenue, earnings and sufficient cash flow to fund capital expenditure and dividends. Group earnings before interest tax depreciation and amortisation (Ebitda) increased by 147% to R10 603-million on mainly the 142%... →

Photo by Creamer Media's Donna Slater
Exxaro's Grootegeluk mine

Red Star hosts Southern Africa’s first closed-track solar vehicle challenge

18th August 2022 The Ilanga Cup is Southern Africa’s first closed-track endurance circuit event, which is focused on promoting innovations in renewable and alternative energy. Darren Parker attended the Ilanga Cup where he saw teams go head-to-head in an endurance challenge. →

Red Star hosts Southern Africa’s first closed-track solar vehicle challenge

Office leasing sector still struggling, industrial demand growing – Emira

By: Darren Parker 17th August 2022 The office sector is still under pressure, with the recovery thereof being wholly dependent on good economic growth, JSE-listed Emira Property Fund COO Ulana van Biljon said on August 17. Until such time as the local economy experiences better growth, office letting will continue to remain... →

Emira COO Ulana van Biljon

GPF, CBE to collaborate on transforming the construction sector

By: Schalk Burger 17th August 2022 Provincial human settlements fund the Gauteng Partnership Fund (GPF) and construction industry regulatory body the Council for the Built Environment (CBE) have signed a memorandum of understanding committing to driving transformation and promoting professional practice standards through the... →

City of Cape Town, C40 to start two climate change projects

By: Tasneem Bulbulia 17th August 2022 The City of Cape Town and the C40 City Finance Facility (CFF) recently signed a memorandum of understanding, which signals the start of processes for the city to receive technical assistance to explore two projects. The first is aimed at developing climate change adaptation projects into bankable... →

Transnet seeks court order compelling CRRC to release spares for 120 idle locomotives

By: Terence Creamer 17th August 2022 State-owned freight logistics group Transnet has launched a High Court application through which it is seeking an order compelling China Railway Rolling Stock Corporation (CRRC) E-Loco Supply to release spare parts and components required to return 120 locomotives to service. Transnet said in a... →

Photo by Creamer Media
A Transnet Freight rail locomotive

Shoprite to acquire 240 Scania Euro V trucks in the next 18 months

By: Irma Venter 17th August 2022 Retail giant Shoprite has acquired 100 Euro V trucks from Scania Southern Africa, with another 140 units be delivered by the end of next year. The Euro-scale refers to the level of tailpipe emissions from a vehicle, with Euro 5 much cleaner than Euro II, which is the current South African... →

California proposing to extend the life of its nuclear power plant

By: Rebecca Campbell 17th August 2022 The Governor of the US State of California, Gavin Newsom of the centre-left Democratic Party, has circulated draft legislation among the State’s lawmakers that would extend the life of California’s one-and-only nuclear power plant (NPP), Diablo Canyon. The draft legislation has been shown to... →

Samsung continues investing in South Africa to support economic transformation

By: Schalk Burger 17th August 2022 Digital technology and equipment multinational Samsung continues to invest in South Africa, which aligns with its investment goals to remain an active contributor to the future of the South African economy and a strong supporter of economic transformation in a manner inspired by the... →

Stage 2 load-shedding to continue on Thursday amid more breakdowns

By: News24Wire 17th August 2022 Stage 2 load-shedding will be implemented at 16:00 to 24:00 on Wednesday and at the same time on Thursday, Eskom announced. The breakdowns of a generation unit each at Duvha, Kendal and Kriel power stations during the last 24 hours, as well as the delays in returning units to service at Arnot,... →

City Logistics, Clearwater Capital acquire 100% of Fastway Couriers

By: Irma Venter 17th August 2022 Privately-owned City Logistics and private equity management company Clearwater Capital have partnered to acquire 100% of franchised courier company, Fastway Couriers South Africa. Clearwater Capital will hold a 30% minority stake in the new structure. →

Tiger Brands moves to buy first 2 MW of solar from IPPs as part of big renewables ramp-up

By: Terence Creamer 17th August 2022 Food and beverage manufacturer Tiger Brands is moving to procure 2 MW of solar across four manufacturing sites as part of a broader initiative to introduce renewable energy across 35 sites by 2030 to meet 65% of its electricity requirements. The initial capacity will be procured from independent... →

Continental Tyre South Africa appoints Gqeberha plant manager

By: Schalk Burger 17th August 2022 Tyre manufacturer Continental Tyre South Africa has appointed Ramoabi Moeng as plant manager of its Gqeberha facility, which celebrates its seventy-fifth anniversary this year, after he served as deputy plant manager for a year. “Ramoabi’s extensive experience in maintenance, production,... →

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