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Freight costs to blame for spike in global inflation, not oil – Botha 

By: Irma Venter     5th August 2022 Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom on the causes of this trend has pointed to energy prices, especially gas, oil and petroleum, says Dr Roelof Botha, economic adviser to the Optimum Investment Group. Also, when analysing the... 

New Bill pressures mines to comply with water regulations

5th August 2022 In a release published in May by law firm Webber Wentzel partner Kirsty Kilner and senior associate Tendai Bonga it is said that the pressure on South African mining companies to raise their standards of environmental, social and corporate governance behaviour is expected to gain momentum this... 

Higher oil, chemicals prices drive Sasol’s earnings higher

By: Marleny Arnoldi     4th August 2022 JSE-listed petrochemicals company Sasol reports that it benefitted from a favourable macroeconomic environment, higher crude oil and chemicals prices and higher refining margins in the financial year ended June 30. The company also delivered a robust cost and capital expenditure performance,... 

Tribunal approves SFF’s buyout of an interest in bpSA’s Cape Town Terminal

By: Tasneem Bulbulia     3rd August 2022 The Competition Tribunal has unconditionally approved the large merger whereby the Strategic Fuel Fund (SFF) intends to acquire an interest in the assets of bp Southern Africa’s (bpSA’s) Cape Town Terminal. Upon the implementation of the proposed transaction, SFF and bpSA will have joint control... 

New R235m wax flooding facility begins operations at VWSA plant 

By: Irma Venter     3rd August 2022 A new R235-million wax flooding facility has started operations at the Volkswagen Group South Africa (VWSA) plant in Kariega, in the Eastern Cape. The team responsible for implementing the project had to collaborate across four countries and over a period of two-and-a-half years, punctuated by... 

Aus gov responds to ACCC's gas warnings

By: Esmarie Iannucci     2nd August 2022 The Australian government has outlined a range of actions to safeguard gas supplies in Australia, after a report from the Australian Consumer and Complaints Commission (ACCC) warned of 56 PJ gas shortfall in 2023. Resources and Northern Australia Minister Madeleine King announced that she is... 

Are you sure you are insured?

1st August 2022 Years of faithful insurance premiums can prove valueless in the absence of a Certificate of Conformity (CoC). It is a startling fact that you stand to lose hefty amounts of money that were meant to be an “insurance” on your assets. Insurance companies will not cough-up if you cannot present a... 

ACCC warns of gas shortages by 2023

By: Esmarie Iannucci     1st August 2022 The Australian Consumer and Complaints Commission (ACCC) has called on liquefied natural as (LNG) exporters to divert gas to the domestic market, in order to avoid a shortfall. In its July interim gas report, the ACCC has forecast that the east coast of Australia could face a shortfall of 56 PJ... 

Transnet Pipelines seeking partnership for LNG terminal in Richards Bay

By: Tasneem Bulbulia     29th July 2022 Transnet Pipelines (TPL), an operating division of Transnet, is participating in the planned Section 56 process for Request for Proposals (RFP) issued by Transnet National Ports Authority (TNPA). TNPA is seeking a terminal operator to design, develop, build, finance, operate, maintain and... 

South African energy crisis: the practical implications of the government's proposed interventions

29th July 2022 By Jason van der Poel, Partner, Mzukisi Kota, Partner, Hielien Venter, Partner, Aviva Hoekstra, Associate & Emma Bleeker, Trainee Attorney from Webber Wentzel President Cyril Ramaphosa announced the Government's intention to implement various "bold, courageous and decisive action[s] to close the... 

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