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Yes, there are problems at SA ports, but World Bank report not entirely accurate – SAAFF 

By: Irma Venter     18th June 2024 The newest World Bank Container Port Performance Index (CPPI) report, which places a number of South African ports at the bottom of the list, covers the crisis-ridden 2023 period, and does not take into account the corrective action taken since Transnet has been under new management as part of a... 

Image of Southern African Association of Freight Forwarders (SAAFF) CEO Dr Juanita Maree
Juanita Maree

TNPA moves to integrate desalination, renewables at Port Elizabeth and Ngqura ports 

By: Terence Creamer     18th June 2024 South Africa’s Transnet National Ports Authority (TNPA) has issued requests for proposal (RFPs) for the construction of two solar-powered seawater desalination plants and a hybrid renewables-battery facility to service its Nelson Mandela Bay ports, in the Eastern Cape. TNPA is seeking bidders... 

TNPA's head office at the Port of Ngqura
TNPA's head office at the Port of Ngqura

Latest Cesa survey highlights urgency of joint public, private effort in infrastructure  

By: Tasneem Bulbulia     18th June 2024 Consulting Engineers South Africa (Cesa) on Tuesday released its Bi-Annual Economic and Capacity Survey (BECS) findings, revealing a stark 22% decline from July to December of 23, marking the lowest level since 2019, at 32. The ongoing downturn persisted into early 2024, dropping further to 30... 

An image of CESA CEO Chris Campbell
Chris Campbell

V&A Waterfront signs deal to raise green-electricity contribution to 70% by 2026

By: Terence Creamer     18th June 2024 Cape Town’s V&A Waterfront has signed a ten-year power purchase agreement (PPA) with Etana Energy for 43 GWh of renewable energy yearly, which will result in wind and solar supplying 70% of the iconic mixed-use property’s electricity by early 2026. The PPA follows a similar deal between Etana... 

V&A executive manager: operations André Theys
V&A executive manager: operations André Theys

S&P does not foresee any significant policy shift under GNU

By: Creamer Media Reporter      18th June 2024 S&P Global Ratings does not expect any significant policy shift as a result of South Africa's government of national unity (GNU) formed following the May 29 elections when the African National Council (ANC) failed to secure an overall majority for the first time since 1994. The ANC’s GNU proposal... 

Paul Mashatile and Cyril Ramaphosa at the first sitting of the seventh democratic Parliament on June 14 where Ramaphosa was re-elected President by the National Assembly
Paul Mashatile and Cyril Ramaphosa at the first sitting of the seventh democratic Parliament on June 14, where Ramaphosa was re-elected President by the National Assembly

Parliament must play central role in GNU – business 

By: Thabi Shomolekae     18th June 2024 Business Leadership South Africa (BLSA) noted on Tuesday that in addition to ensuring accountability and being effective in the law-making process, Parliament must be careful not to frustrate reform through unnecessary delays, as South Africa ushers in the Government of National Unity (GNU). The... 

Parliament must play central role in GNU – business

Stock surge hints at sentiment turn after election

By: Bloomberg     18th June 2024 South Africa’s stock benchmark rallied the most this year, suggesting investors are turning positive on the nation’s equities after the longest daily streak of outflows in three years. The rand and government bonds surged. Tuesday’s gains follow the reelection of Cyril Ramaphosa as president... 

New government partners poised for Cabinet battle 

By: Bloomberg     18th June 2024 South African political parties that last week agreed to form a governing alliance are limbering up for a tussle over cabinet positions, as President Cyril Ramaphosa prepares to be sworn in for a new term. Senior leaders of Ramaphosa’s African National Congress met on Monday to prepare for... 

Telkom achieves stronger 2024 financial results

By: Natasha Odendaal     18th June 2024 JSE-listed Telkom on Tuesday posted an improvement in its financial results for the year ended March 31, 2024, supported by its next-generation offerings and cost-optimisation efforts. The group reported a 5.2% increase in normalised earnings before interest, tax, depreciation and amortisation... 

Image of Telkom signage on building

Stor-Age reports strong financial performance

By: Darren Parker     18th June 2024 JSE-listed self-storage real estate investment trust Stor-Age has reported robust financial results for the 2024 financial year ended March 31, showcasing significant growth in rental rates and occupancy. The company reported a 9.5% boost in rental rates and a 2.9% increase in occupancy rates,... 

stor-age facility

Biotech startup closes latest funding round, bringing total to R24.5m

By: Schalk Burger     18th June 2024 Stellenbosch-based biotechnology start-up Immobazyme has successfully closed its latest funding round, bringing its total investment to R24.5-million. The new injection of capital will enable the company to double the size of its facility and scale up production capabilities, positioning itself... 

Reserve Bank to first cut repo rate in November - Reuters poll

By: Reuters     18th June 2024 South Africa's Reserve Bank is seen waiting until November before it cuts its repo rate as economists continue to roll back their expectations when policy easing kicks off in response to slowing inflation, a Reuters poll found. The poll was taken before the African National Congress and its... 

Reserve Bank to first cut repo rate in November - Reuters poll

Rolls-Royce unveils hybrid electric powerpack for armoured vehicles

By: Rebecca Campbell     18th June 2024 UK-based global major power and propulsion systems group Rolls-Royce has announced that its Germany-based Power Systems division had launched a hybrid diesel and battery-electric powerpack concept for armoured vehicles. The new powerpack is being showcased at the Eurosatory defence exhibition... 

Malaysia is planning to join BRICS, PM says

By: Bloomberg     18th June 2024 Malaysian Prime Minister Anwar Ibrahim said that the Southeast Asian nation will join the BRICS economic bloc, becoming the latest country to take part in an expanding group seen challenging the western-led global order. “We have indicated as a policy that we are” joining, Anwar said in an... 

Malaysia is planning to join BRICS, PM says

Botswana may fall short of 4.2% growth target

By: Reuters     18th June 2024 Botswana's economy may fall short of the government's 4.2% growth target for this year, a senior central bank official said on Tuesday, citing global and domestic constraints. Finance minister Peggy Serame made the projection for a 4.2% increase in GDP in a budget speech in February, saying the... 

Southern Palladium remains committed to advancing Bengwenyama project

By: Martin Creamer     18th June 2024 The completed prefeasibility study (PFS) drilling campaign for the Bengwenyama platinum group metal (PGM) project, on the eastern limb of South Africa’s distinctively endowed Bushveld Complex, is emphasising the robustness of the upper group two (UG2) reef, project developer Southern Palladium... 

Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.
Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.

Thungela poised to spend R3.9bn capital in South Africa 

By: Martin Creamer     18th June 2024 Johannesburg Stock Exchange-listed Thungela Resources is poised to spend R3.9-billion worth of capital in South Africa going forward. An estimated R1.3-billion of this capital expenditure (capex) is scheduled to be spent in the next six months and a further R800-million in the final six months of... 

Thungela Resources active in Mpumalanga.
Thungela Resources active in Mpumalanga.

Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline

By: Terence Creamer     14th June 2024 Having recently confirmed a decoupling of its just energy transition strategy from the decommissioning of its coal-fired power stations, Eskom is aiming to finalise business cases for a pipeline of renewable energy and battery storage projects, some of which could be deployed in close proximity... 

Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline

Industry body calls for new govt to re-set the country’s maritime agenda

By: Rebecca Campbell     14th June 2024 South African non-profit advocacy company, the Maritime Business Chamber (MBC), has called on the incoming seventh administration of democratic South Africa to re-set the country’s maritime agenda. “South Africa is yet to fully operationalise efforts to promote South Africa’s maritime interest,”... 

Probably more diamond industry uncertainty now than at any other point – Gemdax 

By: Martin Creamer     14th June 2024 While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever to shape what the future will look like. “One thing's for sure, the way the industry has operated over the last decade is not going to be the way it... 

Gemdax's Anish Aggarwal interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

NTCSA on track to begin trading on July 1, Marokane says 

By: Terence Creamer     14th June 2024 Eskom CEO Dan Marokane has confirmed that the National Transmission Company South Africa (NTCSA) is on track to begin trading on July 1 and that the new entity was being set up to operate as a fully independent subsidiary even though it would continue to be owned by Eskom Holdings and be located... 

Eskom CEO Dan Marokane
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO Dan Marokane

HRMP unveils R17.5m warehouse expansion at Dube TradePort

By: Sabrina Jardim     14th June 2024 Logistics company HRMP has inaugurated a R17.5-million warehouse expansion at Dube TradePort (DTP) TradeZone 2, in KwaZulu-Natal. For the past six years HRMP, which specialises in the transport of heavy-duty break-bulk, has operated from a leased warehouse at DTP TradeZone 1. However, with the... 

HRMP Logistics CEO Musa Makunga
HRMP Logistics CEO Musa Makhunga

Unity government parties back rapid economic growth

By: Bloomberg     14th June 2024 South Africa’s African National Congress and the Democratic Alliance committed to “rapid, inclusive and sustainable” economic growth in an agreement on forming a so-called government of national unity. The accord, signed in Cape Town on Friday, sets the revival of South Africa’s economy as the... 

Cyril Ramaphosa
Cyril Ramaphosa

Transnet to boost rail for VW, other automakers

By: Bloomberg     14th June 2024 Transnet said it’s in talks to run additional trains between a port in Gqeberha in the Eastern Cape province and the country’s commercial hub of Gauteng to better link the two automotive manufacturing hubs. The state freight rail and ports company has faced withering criticism from carmakers to... 

Transnet to boost rail for VW, other automakers

South Africa unity government to include ANC and pro-business DA

By: Reuters     14th June 2024 The African National Congress and its largest rival, the pro-business Democratic Alliance, have agreed to work together in a government of national unity, senior DA negotiator Helen Zille told Reuters on Friday. The deal between two sharply antagonistic parties marks the start of a new era in... 

South Africa unity government to include ANC and pro-business DA

Cape Town introduces reversible MyCiTi bus lane to reduce congestion

By: Irma Venter     14th June 2024 The City of Cape Town’s Transport Network Technology branch is set to activate a reversible MyCiTi bus lane along the R27 between Loxton road and Broad road in Milnerton. This bus lane, for exclusive use by MyCiTi vehicles, will permit inbound travel towards the Civic Centre in the morning, and... 

Image of the smart lane MyCiTi system in Cape Town
The smart lane system

G7 leaders commit to faster transition from fossil fuels - draft statement

By: Reuters     14th June 2024 Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. "We will transition away from fossil fuels in energy... 

G7 leaders commit to faster transition from fossil fuels - draft statement

South African parties agree to reelect Ramaphosa as President

By: Bloomberg     14th June 2024 South African political parties that support a broad alliance to form the next government agreed to back the reelection of Cyril Ramaphosa as president. “We have agreed to cooperate on the president and the national and provincial legislatures,” Fikile Mbalula, the secretary-general of the... 

Paul Mashatile & Cyril Ramaphosa
Paul Mashatile & Cyril Ramaphosa

Global rate of air passenger baggage being mishandled continues to drop

By: Rebecca Campbell     14th June 2024 SITA, the global aviation industry’s specialist IT and technology solutions group, has reported that the rate of baggage mishandling by the world’s airlines declined again, last year. This was shown by the just launched SITA Baggage IT Insights 2024 report. The number of bags mishandled by the... 

candi solar secures $38m funding for clean energy expansion in South Africa, India

By: Tasneem Bulbulia     14th June 2024 Clean energy company candi solar has successfully closed its Series C funding round, securing $38-million in equity investment. The round was led by Norfund, Kyuden International, and STOA Infra and Energy.   

An image showing a candi solar project in South Africa
candi solar has a wide geographical presence across South Africa and India

South Africa Parliament convenes as talks on who will govern go down to the wire

By: Reuters     14th June 2024 South Africa's newly elected parliament convenes on Friday to choose the country's next president with the public still in the dark about which parties will join the African National Congress (ANC) in government and the policies they will pursue. The ANC, which has been in power since the 1994... 

South Africa Parliament convenes as talks on who will govern go down to the wire

Nitrous oxide emissions grew by 40% from 1980 to 2020, study finds

By: Tasneem Bulbulia     14th June 2024 Emissions of nitrous oxide – a greenhouse gas (GHG) said to be more potent than CO2 or methane – continued unabated between 1980 and 2020, a year when more than ten-million metric tons were released into the atmosphere primarily through farming practices, according to a new report by the Global... 

An image showing an infographic from the Global Carbon Project regarding nitrous oxide
Global nitrous oxide budget infographic

Climate dealmakers brace for China showdown over money at COP29

By: Bloomberg     14th June 2024 With just five months to go before the COP29 climate summit, the biggest fights are set to be over how to channel trillions of dollars from developed nations to emerging markets — and how China fits into the equation. Negotiators representing more than 190 countries convened in Bonn, Germany,... 

UN Antonio Guterres says climate finance is not a favour.
UN Antonio Guterres says climate finance is not a favour.

Plans for piloting independent transmission projects model  

14th June 2024 Amid all the political upheaval, work is continuing with plans to pilot a model for introducing independent transmission projects. Engineering News editor Terence Creamer discusses the prospects.   

Plans for piloting independent transmission projects model

DP world plans $3bn investment in African ports by 2029

By: Bloomberg     14th June 2024 DP World plans to spend $3-billion over the next three to five years on new port infrastructure in Africa to meet long-term growth that includes surging demand for critical mineral exports. “The cost of logistics and supply chain across Africa is very high relative to other global markets,”... 

The Maputo port in Mozambique
The Maputo port in Mozambique

Opinion: Beware, but do not fear!

14th June 2024 In this article, Webber Wentzel senior associate Francois Sieberhagen writes about the implications of the Supreme Court of Appeal's (SCA's) judgment in the case of Minister of Mineral Resources and Energy & Three Others vs Sustaining the Wild Coast NPC and Eight Others. 

Webber Wentzel senior associate Francois Sieberhagen
Webber Wentzel senior associate Francois Sieberhagen

Milkor highlights its partnership with German group regarding sea surveillance UAV

By: Rebecca Campbell     14th June 2024 South African defence company Milkor on Thursday reaffirmed its partnership with German group Aerodata, to develop a maritime surveillance version of the Milkor 380 uncrewed aerial vehicle (UAV). This partnership was first announced at the ILA Berlin Air Show 2024, last week. The Milkor 380 is a... 

Milkor highlights its partnership with German group regarding sea surveillance UAV

Magazine round up | 14 June 2024 

By: Creamer Media Reporter      14th June 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 14 June 2024

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Plans for piloting independent transmission projects model

Magazine round up | 14 June 2024

Daimler Truck Southern Africa launches electric heavy-duty trucks

AAD expected to yield significant economic, educational value once again

On-The-Air (07/06/2024)

Reflecting on Marokane's first 100 days as Eskom CEO

Magazine round up | 07 June 2024

Vukile delivers robust results, growth opportunities

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