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VERTIPORT PIONEER
15th July 2022 A little-known Singapore airport, Seletar, may well be poised to become a global model for the future of mobility. Bloomberg reports that Singapore has already signed two agreements with advanced air mobility start-ups, Skyports and Volocopter, which may convert the aging aerodrome into a... →
HUNGER CRISIS
8th July 2022 United Nations secretary-general Antonio Guterres has warned of a "real risk" of multiple famines this year. "We face an unprecedented global hunger crisis," Guterres told a meeting in Berlin last month. “The war in Ukraine has compounded problems that have been brewing for years: climate... →
STORAGE WAR
1st July 2022 Ukraine was among the biggest exporters of wheat, corn and sunflower oil before the Russian invasion, which has sent shockwaves through global agriculture markets and has raised the risk of hunger in parts of Africa. While the war is expected to result in a 40% slump in production, the industry... →
DEALING WITH DEFECTS
24th June 2022 Eskom reports that it has made progress in addressing major boiler defects at the Kusile (pictured) and Medupi power stations. This, after encountering issues with load losses associated with the pulse-jet fabric filter plant, gas air heaters and mills. Eskom says it has completed 80% of the work... →
LITHIUM SCRAMBLE
17th June 2022 The shift to electric vehicles has spurred a global rush for lithium. This scramble was demonstrated during a recent auction for a controlling stake in a Chinese lithium mine, which garnered 3 448 bids. The 54.3% stake in Yajiang Snowway Mining Development, which is undergoing a bankruptcy... →
CUTTING EDGE
10th June 2022 French utility Engie will begin using an Artificial Intelligence-based technology from Google Cloud to optimise the value of its wind portfolio in Germany. The key objective of the pilot project is to predict how much wind power should be sold on which power market and at what price. Engie will... →
SELF SABOTAGE
3rd June 2022 Recent incidents of sabotage at Eskom power stations, including Tutuka pictured here, have exacerbated the country’s load-shedding crisis. CEO André de Ruyter has alleged that some of the perpetrators are individuals with vested interests in the coal value chain. He has also suggested that their... →
COPPER COMEBACK
27th May 2022 COPPER COMEBACK: Zambian President Hakainde Hichilema says he wants to triple copper output in the next decade, an ambitious target that would require $30-billion of investment, according to analysts at BMO Capital Markets. Bloomberg reports that Hichilema is going out of his way to woo investors... →
HYDROGEN HAULING
20th May 2022 A prototype zero-emission hydrogen-powered mine haul truck was unveiled by Anglo American at the Mogalakwena platinum mine, in Limpopo, this month. The truck is capable of carrying a 290 t payload and generates more power than its diesel predecessor. A 2 700 hp diesel engine has been replaced... →
RECORD REBOUND
13th May 2022 Egypt’s Suez Canal recorded its highest monthly revenue to date in April, when ship-transit fees surged to $629-million as traffic rebounded from the impact of Covid. The total number of ships passing through the 193-km waterway linking the Red and Mediterranean seas increased by 6.3% from a year... →
COLLIDER RESTARTS
6th May 2022 After a break of more than three years for maintenance and upgrading, CERN’s Large Hadron Collider (LHC) began operating again late last month, when two beams of protons circulated in opposite directions around the particle accelerator’s 27-km ring. Preparations are now under way for the LHC’s... →
DARK DAYS
29th April 2022 DARK DAYS: South Africa’s electricity crisis has its roots in poor policy decisions that span nearly three decades, starting with the failure to implement the 1998 White Paper. Administration after administration has failed to tackle the crisis, which has been amplified by stop-start investment,... →
WRONG TRACK?
22nd April 2022 Serious questions are being asked about the design of Transnet’s slot-sale process. The State-owned utility recently launched a bidding process for 16 rail slots, which will be sold ‘voetstoots’ to third-party operators for a period of two years on a take-or-pay basis. However, potential... →
NICKEL TURMOIL
15th April 2022 he Financial Conduct Authority (FCA) and Bank of England are undertaking reviews into the governance, market oversight and risk management of the London Metal Exchange (LME), following recent turmoil that paralysed the nickel market. Bloomberg reports that the FCA will review the suspension and... →
NEW NARRATIVE
8th April 2022 Sandton was definitely another country when the great and the good of corporate South Africa met with top ranking government officials and Ministers for the fourth South Africa Investment Conference. Nevertheless, Discovery CEO Adrian Gore was able to strike a somewhat real chord when he called... →
EXPORT CONSTRAINTS
1st April 2022 While several South African coal exporters have been unable to take advantage of strong demand and prices as a result of Transnet’s operational problems, an Australian producer has warned that it, too, has only limited capacity to send cargoes to Europe to help replace Russian fuel. Bloomberg... →
GAS PARIAH
25th March 2022 At the time of writing, Europe had refrained from declaring an outright ban on Russian gas imports. Nevertheless, it is taking concerted steps to taper its imports in the short-term and wean itself off Russian gas entirely in time. It’s a tall order given that the European Union depended on... →
HUMAN TOLL
18th March 2022 Russia’s invasion of Ukraine has created yet another devastating refugee crisis as people flee brutal aggression. Pictured here, mostly women and children queue under a Ukraine flag to board a shuttle bus after crossing into Poland at the border checkpoint in Medyka. The hospitable response from... →
CLIMATE COSTS
11th March 2022 African countries are already spending billions of dollars yearly to deal with the impact of climate change, a report by Power Shift Africa shows. Spending is projected to be particularly high in countries such as Ethiopia, which the authors calculate will need to spend 5.6% of its gross domestic... →
FISCAL TIDE
4th March 2022 Finance Minister Enoch Godongwana insisted that South Africa’s fiscal sustainability tide was finally turning last week when he delivered his maiden Budget address in the Good Hope Chamber, after the National Assembly building was seriously damaged in a deliberately lit fire in early January.... →
MULTIMARKET STRUCTURE
25th February 2022 The Electricity Regulation Amendment Bill released for public comment this month signals the official beginning of the end of South Africa’s long-standing vertically integrated electricity supply industry structure. It also caters for the creation of a Transmission System Operator to operate and... →
OVERRUNS
18th February 2022 The Zambezi River Authority reports that it is progressing with work on the Kariba Dam Rehabilitation Project (KDRP), which comprises projects to reshape the plunge pool and refurbish the spillway gates. The KDRP has been ongoing since 2017 and is expected to be completed in 2025. However, the... →
SENTIMENT IMPROVES
11th February 2022 The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.1 points in January from 54.1 points in December, remaining above the 50-point mark that separates expansion from contraction. The improvement in the headline PMI was largely driven by a rebound in the business activity... →
ENERGY SQUEEZE
4th February 2022 During recent hearings into its R293-billion allowable revenue application for 2022/23, Eskom dramatically lowered the energy availability factor assumptions for its coal fleet from 72% to 62%. While dismal, the figure is arguably more realistic given the scale of the maintenance backlog, as well... →
BEYOND MEGA-DAMS
28th January 2022 The world’s largest hydropower company, China Three Gorges Corporation, is adding wind and solar capacity under plans to diversify its business as the era of mega-dam projects fades, Bloomberg has reported. The State-owned firm, which currently has 26 GW of solar and wind installed, aims to hit a... →
NEW ERA
21st January 2022 Chile's mining sector is preparing for what could be some significant changes that could include tighter environmental rules and higher taxes. Newly elected President Gabriel Boric (35) supports higher taxes on mining firms, while a committee will begin deliberations in earnest this year on how... →
BOOSTING THE FIGHT
10th December 2021 While South Africa has not yet broadened booster shots beyond healthcare workers and certain categories of immunocompromised individuals, vaccine booster shots are likely to become an important part of the long-term fight against Covid-19. This is true not only for South Africa but elsewhere, as... →
BOOSTER SHOT
3rd December 2021 As the fourth Covid wave approaches, Pfizer and BioNTech have applied to have their coronavirus vaccine approved by the South African Health Regulatory Products Authority for use as a booster. The vaccine is already the most widely used in South Africa and is set to become the first to be... →
COAL LITIGATION
26th November 2021 Three civil society groups have taken the South African government to court over its plan to build 1 500 MW of new coal capacity in line with the Integrated Resource Plan of 2019. In September, lawyers for groundWork, the African Climate Alliance and the Vukani Environmental Justice Movement in... →
PLATINUM DEAL
19th November 2021 Royal Bafokeng Holdings accepted an unsolicited offer this month from Northam Platinum for up to a third of Royal Bafokeng Platinum (RBPlat) in a R17-billion transaction. RBPlat’s mines – one of which, Styldrift, is pictured here – are on the western limb of the Bushveld Complex and their assets... →
TRAGEDY TO TRIUMPH
12th November 2021 British naturalist Sir David Attenborough has emerged as the voice of conscience – and hope – as humanity hurtles towards a self-induced climate crisis, with existential consequences. Delivering an impassioned speech during the opening ceremony of COP26 in Glasgow, Scotland, on November 1, the... →
HEAT, DUST & POWER CUTS
5th November 2021 HEAT, DUST & POWER CUTS: As the late and great Johnny Clegg and Savuka sang in their song titled ‘In My African Dream’, which features on the ‘Heat, Dust & Dreams’ album: ‘Something stole the promise from the light of the dawn’. In the current context, that light has quite literally been stolen.... →
FRAGILE CLIMATE
29th October 2021 The failure of rich countries to honour their $100-billion-a-year climate-finance commitments is likely to be a key theme as world leaders converge on Glasgow, Scotland, for the COP26 climate talks. Developing countries, including South Africa, will want far stronger guarantees that money will be... →
MARS SIMULATION
22nd October 2021 Earlier this month, the Austrian Space Forum set up a simulated Martian base together with the Israel Space Agency at Makhtesh Ramon, a 500-m deep, 40-km wide crater, in Israel’s Negev desert. During a three-week mission, six astronauts from Austria, Germany, the Netherlands, Israel, Portugal and... →
STRONG REBOUND
15th October 2021 The World Trade Organisation (WTO) has raised its projections for global trade growth in 2021 and 2022 to 10.8% and 4.7%, respectively, citing the resurgence of economic activity in the first half of the year. In March, the WTO projected that trade would increase by 8% in 2021 and 4% in 2022. The... →
CLIMATE TARGETS
8th October 2021 Bloomberg reports that a coalition of financial firms overseeing a combined $29.3-trillion of assets, is calling on some of the world’s biggest corporate emitters to urgently set science-based emissions reduction targets that are compatible with 1.5° C of global warming. The companies targeted by... →
GAS CRISIS
1st October 2021 Gas prices have soared in recent months as economies reopen from Covid-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe. Energy companies in the UK have asked the government for support to help cover the cost of taking on customers from firms that have... →
FINAL ASSEMBLY
24th September 2021 China's first C919 narrow-body jet to be delivered to launch customer China Eastern Airlines is about to enter final assembly, China's aviation regulator said earlier this month, with delivery due before the end of the year. Reuters reports that the C919, being built by State-owned aircraft... →
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