News2018-08-01T16:20:10+01:00

Cabinet briefed on SAA business rescue, DPE assures on anti-graft actions at airline

In a statement issued on Friday, the South African Cabinet reported that, at its virtual meeting on Wednesday, it had been briefed on the business rescue plan for State-owned national flag carrier South African Airways (SAA). In September the government committed itself to provide R10.5-billion to back the business rescue plan for, and the restructuring [...]

Public hearing participant questions Nersa mandate in evolving electricity market

The National Energy Regulator of South Africa (Nersa) was outdated, and regulation changes were needed to bring it in line with current trends, the only respondent to public hearings into gold miner Gold Fields' application to build a 40 MW solar plant near its mine in Westonaria said on Thursday. Brian Day, of Today Innovation, said [...]

New group CEO announced for Necsa

The South African Cabinet announced on Friday that, at its Wednesday virtual meeting, it had ratified the appointment of Loyiso Tyabashe as the new group CEO for the South African Nuclear Energy Corporation (Necsa). He holds a MSc in Mechanical Engineering from the University of Cape Town and started his career as an engineer in [...]

Government urges SAA employees to be patient while it resolves unpaid salaries

South Africa’s department of public enterprises said on Friday it was sympathetic to the plight of South African Airways (SAA) employees who have not received salaries for several months and urged them to be patient while it worked to find a solution. The financially struggling state-owned national carrier has been under business rescue since December [...]

Alcohol industry voices support for targeted Covid interventions

The South African alcohol industry has welcomed the localised targeted interventions that President Cyril Ramaphosa announced his address to the nation regarding the resurgence of Covid-19 infections. Ramaphosa drew attention to the recent resurgence of Covid-19 infections in hot spots, identified by the Department of Health (DOH), particularly in Nelson Mandela Bay (NMB) Metro.  He [...]

Airbus bets on hydrogen to deliver zero-emission jets

There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It’s tricky to safely store and use the highly combustible fuel. There aren’t any airports equipped to refuel jets with it. And the cost of hydrogen itself is prohibitive, at least if you want to avoid producing greenhouse gases. [...]

Explosion at Durban crude oil refinery

There was an explosion at South Africa's second-largest crude oil refinery in Durban on Friday morning, a local metropolitan police official told Reuters, adding it was not yet clear whether there had been injuries or deaths. A spokesman for Engen, which operates the refinery, said he would comment later in a statement. According to Engen's [...]

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit

Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift towards low-carbon economies.

Solidarity court case against Denel postponed

Trade union Solidarity on Thursday expressed regret that the contempt of court case it had brought against State-owned defence industrial group Denel had been postponed until January 27. The court ruled that the Denel board had to be given time to respond to the affidavit presented by the union. Denel had not paid its employees [...]

Govt gives SAA R1.5bn, but administrators say they can’t use it

Administrators for South African Airways (SAA), which has been under a form of bankruptcy protection for a year, said on Thursday that they had received R1.5-billion from the government but that they could not use it yet. The administrators said in a statement that conditions on how the R1.5-billion should be spent were in contravention of the [...]

Battery costs fall, make electric vehicles cheaper – BMI

The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high cost of producing the lithium-ion rechargeable batteries, which [...]