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

Firm to donate essential goods to charity, contribute to Solidarity Fund

Personal protective clothing and safety equipment company Mine Africa Safety Solutions has agreed to donate essential goods to a charity and contribute to the Solidarity Fund, as part of the terms of a consent agreement concluded between it and the Competition Commission. The Competition Tribunal has confirmed the consent agreement as an order.

Profound benefits for metals in store once US infrastructure plan passes

When US President Joe Biden announced a $2-trillion bill on March 31, becoming known as his infrastructure plan, it made commodity research company Fastmarkets, for one, excited about the opportunities it may hold for metals. The bill has been dubbed the American Jobs Plan, despite a political debate that ensued for a few days about [...]

Anglo American secures 100% renewables across its South American operations

Diversified miner Anglo American has delivered on its commitment to source 100% renewable energy for all its operations in Brazil, Chile and Peru. The miner previously secured renewable energy to meet all of its power requirements for its iron-ore and nickel operations in Brazil from 2022, as well as for its copper operations in Chile [...]

Platinum price to rise as green hydrogen emerges as a new demand segment

The rarity of platinum, combined with a decline in supply and overwhelming demand, is a formula for a build-up of a “perfect storm”, says independent precious metal consultant Dr David Davis, who says that this will lead to significant upward pressure on the price of platinum, to which investors have already begun to react. Given [...]

Golden Arrow rolls out electric bus pilot study

Golden Arrow Bus Services (GABS), in Cape Town, has started testing two fully electric buses in an effort to determine the viability of introducing the technology to its fleet, says GABS company engineer Gideon Neethling. The tests will continue until January next year.

Astral obtains High Court order for govt to improve Lekwa municipal service delivery

Poultry producer Astral Foods has obtained a High Court order against government and the National Treasury over the nondelivery of basic water and electricity supply services within the Lekwa (Standerton) municipality. In terms of the Order issued on April 12, government will be required to intervene in the Lekwa municipality and, together with Treasury, wprepare a [...]

SEZ Programme successfully driving industrialisation – DTIC

Despite the devastating impact of the Covid-19 pandemic on South Africa’s economy, Trade, Industry and Competition Deputy Minister Nomalungelo Gina says the Special Economic Zones (SEZ) Programme continues to “successfully drive industrialisation” of the country. She explains that the programme has managed to attract a significant number of investors, thereby increasing the value of operational [...]

Solidarity, AfriForum says tourism equity fund hearing to be held on April 13

Trade union Solidarity and civil rights group AfriForum will be in the North Gauteng High Court on April 13 for the hearing of their case against the Department of Tourism and Tourism Minister Mmamoloko Kubayi-Ngubane. The two institutions had instituted legal action after unsuccessful talks with the Minister about opening up funding through the Tourism [...]