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

By: Terence Creamer Updated 2 hours 55 minutes ago 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 Updated 3 hours ago 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... →

MellowVans revisits vehicle design, operating model to target European rollout

By: Irma Venter 17th August 2022 Sometimes, a pandemic is not the worst thing that can happen to a company. When Covid-19 hit, the pandemic did interrupt MellowVans’ global rollout plans, but it also prompted the Stellenbosch-based manufacturer to revisit the design of its electric three-wheel delivery vehicle, as well as its... →

City Logistics, Clearwater Capital acquire 100% of Fastway Couriers

By: Irma Venter Updated 6 hours ago 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 Updated 6 hours ago 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... →

Proposed Gautrain expansion faces heavy resistance by committee

By: Darren Parker Updated 7 hours ago The proposed Gautrain expansion project was harshly criticised as a vanity project, a white elephant and a waste of government finances by members of the Gauteng Legislature’s Portfolio Committee on Roads and Transport, which convened on August 16 to discuss its viability. The committee conducted... →

Opinion: A bird's eye view of the future of SA's energy landscape post COP 26

17th August 2022 In this article, attorneys Vaughn Harrison and Lucrecia Sadhaseevan write about South Africa’s energy landscape post COP 26, as well as the documents and processes that frame South Africa’s just energy transition process. →

Vaughn Harrison, attorney at Thomson Wilks Inc in alliance with the DWF Group

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

By: Tasneem Bulbulia Updated 2 hours 31 minutes ago 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... →

Office leasing sector still struggling, industrial demand growing – Emira

By: Darren Parker Updated 2 hours 10 minutes ago 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

Saice’s national awards to be held in September

By: Schalk Burger 17th August 2022 Industry organisation the South African Institution of Civil Engineering (Saice) will hold the Saice 2022 National Awards on September 1, to celebrate and reward the outstanding individuals and projects that showcase innovation, excellence, leadership and good practice in the development of civil... →

GPF, CBE to collaborate on transforming the construction sector

By: Schalk Burger Updated 2 hours 30 minutes ago 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... →

Northern Cape level crossing incident results in damage to rail track, equipment

By: Schalk Burger Updated 7 hours ago The railway track and overhead track equipment at the Glosam level crossing, in the Northern Cape, sustained significant damage when a truck collided with a train owned and operated by State-owned Transnet Freight Rail (TFR), on August 16. TFR reports that there were no injuries, but says the... →

Continental Tyre South Africa appoints Gqeberha plant manager

By: Schalk Burger Updated 6 hours ago 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,... →

Local defence company and business school partner to give graduates workplace experience

By: Rebecca Campbell 17th August 2022 South African defence company Saab Grintek Defence (Saab Grintek), a subsidiary of Sweden’s Saab group, has partnered with the Sisekelo Institute of Business and Technology (Sisekelo) to implement a programme to fast track the development of graduates through actual workplace experience. Known as... →

Samsung continues investing in South Africa to support economic transformation

By: Schalk Burger Updated 6 hours ago 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... →

Google invests in Lori Systems to help bring digital transport management to the African continent

By: Creamer Media Reporter Updated 7 hours ago Kenya-based e-logistics company Lori Systems has secured funding from Google's $50-million Africa Investment Fund launched in October 2021. Lori Systems, which has helped thousands of shippers and carriers move over $10-billion of cargo across Africa since its founding in 2017, is a pioneer in... →

Major US airline places order for supersonic airliners

By: Rebecca Campbell Updated 7 hours ago American Airlines (American), the world’s biggest carrier, has agreed to buy 20 Overture supersonic airliners from US company Boom Supersonic (Boom). The airline has also paid a non-refundable deposit on these 20 aircraft. American has further taken options for another 40 Overtures. “Looking to... →

Photo by Boom Supersonic
Artist’s impression of an Overture in flight

California proposing to extend the life of its nuclear power plant

By: Rebecca Campbell Updated 5 hours ago 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... →

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

By: News24Wire Updated 6 hours ago 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,... →

DRDGold expecting lower earnings on better-than-guided production

By: Martin Creamer 17th August 2022 Surface gold mining company DRDGold expects to report lower earnings on better-than-guided production and lower capital investment. In the 12 months to June 30, DRDGold produced 183 902 oz of gold at a cash operating cost of R600 875/kg, with a capital investment of R584.1 million. →

DRDGold CEO Niel Pretorius

Sibanye-Stillwater signals half-year earnings decline

By: Martin Creamer 17th August 2022 Precious and future-facing metals mining company Sibanye-Stillwater on Wednesday advised of an upcoming half-year earnings decline in a trading statement and operations update for the six months to June 30. A decline of 47% to 52% is expected in earnings per share and headline earnings per share... →

Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman.

Orion raises $1.35m with strong South African support

By: Martin Creamer 17th August 2022 Copper and zinc mine development company Orion Minerals has raised raised $1.35-million under its share purchase plan, with strong support from shareholders, particularly those in South Africa. The share purchase plan of the Sydney- and Johannesburg-listed company, headed by CEO Errol Smart,... →

Photo by Creamer Media
Orion CEO Errol Smart.

Mondi to invest €240m on additional recycled containerboard capacity in Italy

By: Creamer Media Reporter 16th August 2022 Paper and packaging producer Mondi will acquire the Duino paper mill, near Trieste, in Italy, from the Burgo Group for €40-million. The mill currently operates one paper machine producing lightweight coated mechanical paper, but Mondi intends to invest about €200-million to convert the machine to... →

Growthpoint invests R50m in solar-charged battery system for the Paarl Mall

By: Schalk Burger 16th August 2022 JSE-listed real estate investment trust Growthpoint Properties is piloting a 4.5 MW battery system at Paarl Mall, in the Western Cape, for continuous, cost-efficient power supply, which will be partly charged by Paarl Mall’s new rooftop solar photovoltaic (PV) plant. The R50-million system will... →

South Africa still making minimal progress in addressing gender gaps

By: Schalk Burger 16th August 2022 New research contained in advisory and professional services firm PwC South Africa’s '2022 Executive Directors Report' shows that minimal progress has been made in balancing gender representation in senior positions at top JSE-listed companies since January 2020. The first and most important step... →

Customs duty decision delays are hampering billions of rands in investment, says advisory

By: Marleny Arnoldi 16th August 2022 Consultancy XA Global Trade Advisors says billions of rands in revenue have been lost to the fiscus owing to long overdue customs duty decision-making, while also having more far-reaching implications for industries and trade and investment. If all of the cases that required changes to customs... →

Liquid Intelligent Technologies completes acquisition of Telrad

By: Natasha Odendaal 16th August 2022 Technology infrastructure and services provider Liquid Intelligent Technologies has finalised its 100% acquisition and delisting of Israeli-based technology company Telrad. Telrad, which has a presence in 13 countries across the Middle East, South America, the US, Eastern Europe and Asia, offers... →

SU Engineering Management master's degree draws students globally

By: Schalk Burger 16th August 2022 Stellenbosch University's (SU's) first master’s degree in Engineering Management (MEM), presented by the Faculty of Engineering, has drawn students from across the world, including Namibia, Zimbabwe, Tanzania, Lesotho, France, Ireland, the Netherlands, New Zealand, Canada and the US, who are... →

Toyota's Durban plant to be fully operational in three to six months

By: Donna Slater 16th August 2022 Toyota South Africa’s Prospecton plant, in Durban, KwaZulu-Natal, will take three to six months to get back to full production capacity, Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby has said. The plant was shut temporarily following a severe flooding incident that affected... →

Photo by Creamer Media's Donna Slater
Production is ramping up at Toyota's Prospecton plant, in Durban

Exxaro expecting half-year earnings to soar

By: Martin Creamer 16th August 2022 Coal mining and renewable energy company Exxaro advised on Tuesday of its half-year earnings being set to soar on the exceptional performance of its coal business. Half-year earnings before interest tax depreciation and amortisation (Ebitda) will be up 137% to 151% compared with the first half of... →

Exxaro CEO Dr Nombasa Tsengwa.

Wärtsilä to supply 18 MW of additional power capacity at Senegal gold mine

By: Darren Parker 16th August 2022 Technology group Wärtsilä will supply an 18 MW extension to the power generating facility and also upgrade the electrical and automation system of the existing power plant at gold producer Endeavour Mining’s Sabodala-Massawa gold mine complex, in Senegal. The upgrade and extension project will... →

Biggest South African city seeks power supply from private firms

By: Bloomberg 16th August 2022 Johannesburg’s municipality intends buying 500 megawatts of electricity from independent producers to help avert ongoing power outages in South Africa’s biggest city. A request for proposals is awaiting approval from the National Treasury and should be issued within weeks, Mpho Phalatse,... →

BAE Systems hands first Typhoon fighter over to Qatar

By: Rebecca Campbell 16th August 2022 UK-based global major aerospace and defence group BAE Systems on Monday handed over the first of the Typhoon multirole fighters ordered by the Middle Eastern country of Qatar. The Qatar Emiri Air Force (QEAF) is acquiring 24 Typhoons. The aircraft was handed over to the QEAF at BAE Systems’... →

Photo by BAE Systems
The first Typhoon to be handed over to the QEAF

Stage 2 load-shedding for Tuesday evening

By: News24Wire 16th August 2022 Eskom has announced that Stage 2 load-shedding will be implemented from 16:00 to midnight on Tuesday evening. "There is also a high probability that load-shedding will require to be implemented during the same time on both Wednesday and Thursday evenings," the power utility said. "The breakdowns... →

Thungela shares R500m with employees, community as it sets out to plant million trees, add solar power

By: Martin Creamer 16th August 2022 Coal mining and exporting company Thungela, which generated R8.9-billion free cash in the first six months to June 30, is sharing R500-million of it with employees and communities, setting out to plant a million trees to purify water, putting in solar power to reduce its carbon footprint as it... →

Thungela CEO July Ndlovu interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Rain to submit merger proposal to Telkom in due course

By: Reuters 16th August 2022 South Africa's data-only network provider rain intends to submit a formal non-binding proposal to bigger rival Telkom in due course, it said on Tuesday, after retracting a media statement on its merger proposal sent last week. Last Thursday, the country's Takeover Regulation Panel (TRP), a... →

Cisco moves into The Ingress at Waterfall City

By: Schalk Burger 16th August 2022 Networking and information and communications technology multinational Cisco has moved its South Africa offices into The Ingress, which is situated in the mixed-use development Waterfall City, says JSE-listed real estate investment trust Attacq. “The Waterfall node continues to attract top... →

US DFC disburses $83m to African Data Centres

By: Schalk Burger 16th August 2022 The US International Development Finance Corporation (DFC) has announced the first disbursement of $83-million to information and communications technology (ICT) infrastructure company Africa Data Centres to boost the roll-out of ICT infrastructure across Southern Africa. This is the first part... →

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