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November 01, 2024

ELECTRIC-TAXI TRIAL

First electric minibus taxis to be piloted in Cape Town next year

Cover Story

First electric minibus taxis to be piloted in Cape Town next year

By: Irma VenterBy this time next year, it will be possible to tell whether electric minibus taxis are viable people movers within the South African transport landscape. By then, newcomer to the domestic automotive landscape flx EV aims to have 40 battery electric taxis up and running in and around Cape Town,... →

First Word

Water power in underground mines should be put to full use

By: Martin CreamerThe high electricity tariff scenario should prompt underground miners to make full use of every bit of self-generation potential that is available to them. For decades attention has been drawn to the fall of water down mines providing the kinetic energy to generate water power. It has to be down... →

News & Insight

Africa’s critical-minerals role highlighted as world moves into ‘Age of Electricity’

By: Terence CreamerWith the global energy system moving into the “Age of Electricity”, the International Energy Agency (IEA) has again highlighted the central role of Africa in producing the critical minerals required to support the electrification of energy services previously dominated by fossil fuels, such as... →

Aviation company to expand its facilities at Lanseria Airport

By: Rebecca CampbellSouth African business and general aviation aircraft sales, service and parts company Absolute Aviation has announced a major expansion of its facilities at Lanseria International Airport, in Gauteng province. The company is the authorised sales, service and parts provider for Beechcraft, Cessna... →

Bring forward policy review, drop luxury tax on new-energy vehicles – Toyota CEO

By: Irma VenterThe midterm review on the second iteration of government’s Automotive Production and Development Programme (APDP) is scheduled for 2026, but the local automotive industry wants to bring this forward, says Toyota South Africa Motors CEO Andrew Kirby. The APDP 2 provides duty and investment support... →

Businesses optimism rises with reforms

By: Marleny ArnoldiPharmaceuticals group Aspen strategic trade development executive Stavros Nicolaou has confirmed that the Government of National Unity’s (GNU’s) efforts to accelerate economic growth in South Africa are already bearing fruit, as more foreign companies are looking to invest in the country.... →

Consumers to be subsidised to buy electric vehicles – Ramaphosa

By: Irma VenterSouth African consumers should receive some form of subsidy to buy electric vehicles (EVs), in the nearer future, as has been the case in most major markets in the world. The subsidies are aimed at assisting car buyers to transition to these cleaner, but still more expensive, vehicles. →

Eskom’s tariff application reflects big rise in subsidy support for energy-intensive firms

By: Terence CreamerA policy decision to allow electricity-intensive companies operating in South Africa to enter into negotiated pricing agreements (NPAs) with Eskom is set to contribute 5.7% to any tariff increase approved for implementation in respect of standard-tariff customers on April 1 next year. Eskom has... →

Huawei unveils range of industrial digital and intelligent transformation solutions

By: Natasha OdendaalGlobal information and communication technology (ICT) group Huawei has unveiled a series of industrial digital and intelligent transformation solutions and flagship products. At its Industrial Digital and Intelligent Transformation Summit at the Gitex Global 2024, held in Dubai from October 14 to... →

International partners showcase South African JET projects in Mpumalanga

By: Schalk BurgerDenmark, France, Germany and the UK, which are all partner countries supporting South Africa's just energy transition (JET), have showcased a range of local, provincial and national projects and initiatives that are helping to drive the JET in Mpumalanga and the rest of South Africa. Denmark has... →

New digital solution launched to improve Gauteng’s project delivery efficiency

By: Natasha OdendaalGauteng has a new digital infrastructure ecosystem ready to support infrastructure development across the province and address the challenges faced in deploying quality construction projects on time and within budget. The new Infrastructure Delivery Platform (iDEP) is designed to mitigate the... →

Rail masterplan to be finalised by October next year

By: Irma VenterThe Department of Transport (DoT) aims to have the interim National Rail Masterplan (NRMP) ready by February next year, says DoT chief director Jan-David de Villiers. This will be followed by an eight-month consultation process, with the final NRMP to be delivered by October 2025. →

South Africa needs to get the basics right to leverage power of AI, says Malatsi

By: Natasha OdendaalTo truly leverage “every power” that lies within artificial intelligence (AI) technologies in South Africa, there is a need to get the basics right. This includes removing the barriers of entry for the most marginalised communities to get connected and empowered with the skills to be able to take... →

Terra Firma to roll out R1.3bn solar PV programme

By: Marleny ArnoldiRenewable-energy company Terra Firma has announced a new large-scale solar energy build programme that will see customers gain access to wheeled energy from August 2026. The R1.3-billion programme will deliver a combined 110 MW of wheeled energy services once completed. →

Editorial Insight

Ongoing adaptation

By: Terence CreamerIt is positive that the current framework used by government to procure new generation capacity from independent power producers (IPPs) is under review. These programmes have been struggling to deliver ever since they were restarted in 2019 following a long period of disruption; precipitated... →

Mining Weekly News

ARM board approves construction of chrome recovery plant at Bokoni platinum mine

By: Martin CreamerThe construction of a chrome recovery plant at Bokoni platinum mine has been approved by the board of African Rainbow Minerals (ARM). ARM acquired Bokoni from Anglo American Platinum and Atlatsa Resources in September 2022. →

Audit disclaimer for Wesizwe Platinum

By: Martin CreamerOwing to the directors of the JSE-listed Wesizwe Platinum not being able to provide major shareholder agreements, its independent auditing company has expressed a disclaimer of review conclusion, which is communicated when insufficient appropriate audit evidence is forthcoming.... →

Ferrochrome production edging back up marginally, Merafe’s latest report shows

By: Martin CreamerThe report on Monday by Johannesburg Stock Exchange- and A2X-listed Merafe Resources shows ferrochrome production to be edging back up maginally. Ferrochrome is a key ingredient of stainless steel and China, which has been introducing new cost-efficient capacity, continues to dominate global... →

Signet, De Beers launch new natural diamond marketing campaign for young generation

By: Tasneem BulbuliaDiamond miner De Beers Group and diamond jewellery retailer Signet Jewelers, have launched ‘Worth the Wait’, a new natural diamond campaign focused on the themes of modern love and evolving relationship dynamics, targeted at soon-to-be-engaged ‘Zillennials’. Zillennials are classified as the... →

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INFLATION TARGET

Business Leader

Business in Africa

Andrew Hardie

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