Industry body Vinpro has approached the Cape High Court in efforts to secure urgent interim relief for the wine industry amid the third ban on alcohol sales in the last ten months. The organisation says that, following a hearing that is set down for February 5, the court could afford permission to Western Cape Premier [...]
Global crude steel production decreased by 0.9% year-on-year to 1.86-billion tonnes for2020, industry association the World Steel Association (worldsteel) reports. South Africa produced 3.9-million tonnes of crude steel, a significant decrease from the 6.2-million tonnes produced in 2019.
African Development Bank (AfDB) president Akinwumi Adesina launched the Africa Adaptation Acceleration Program (AAAP) on January 25 to mobilise $25-billion to scale up and accelerate climate change adaptation actions across Africa. The launch announcement occurred during the Climate Adaptation Summit 2021, hosted by the government of the Netherlands and the Global Centre on Adaptation (GCA).
The Department of Tourism has launched the R1.2-billion Tourism Equity Fund (TEF), aimed at driving transformation in the tourism sector. The fund has been established in partnership with the Small Enterprise Finance Agency (Sefa) as a new financial support mechanism to stimulate investment and transformation in the tourism sector.
Construction company Aveng intends to raise R300-million by way of a fully co-underwritten renounceable rights offer so that it may restructure its balance sheet, which will allow the group to reset its capital structure. The rights offer comprises up to 20-billion ordinary no par value shares in Aveng and as many class A shares that [...]
State-owned electricity utility Eskom will make the case later this month for the immediate execution of a High Court order stipulating that an amount of R23-billion stripped unlawfully from its allowable revenue in 2019 by the National Energy Regulator of South Africa (Nersa) be added back during its 2021/22 financial year. Should it succeed, the [...]
President Joe Biden vowed on Monday to leverage the purchasing power of the US government, the world's biggest single buyer of goods and services, to strengthen domestic manufacturing and create markets for new technologies. The Democratic president signed an executive order aimed at closing loopholes in existing "Buy American" provisions, which apply to about a [...]
In this opinion article, Bongani Mankewu explores the factors that could improve District Development Model outcomes. Policy is a product of science and politics. This structural definition borrows from the fundamental work of Francis Bacon (1974) and appreciates that while the utilization of science will be undermined by politics, a policy ought to regardless be driven mainly by science. [...]
The United Nations Conference on Trade and Development (Unctad) reports that global foreign direct investment (FDI) collapsed in 2020, decreasing by 42% to an estimated $859-billion, compared with about $1.5-trillion in 2019. FDI finished the year more than 30% below the trough after the global financial crisis in 2009 and was back at a level [...]
University of the Free State (UFS) clinical research company FARMOVS, together with several medical and scientific experts at the university, is in the process of preparing a clinical trial protocol to determine the efficacy of Ivermectin for treating Covid-19 in a randomised, controlled study according to the requirements of the legal professions, to submit it [...]
The evaluation of the 28 bids received under South Africa’s Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) is anticipated to be concluded by February 2021, the IPP Office has confirmed with Engineering News. The preferred bidders, it adds, will be announced as soon as the recommendations from the evaluation team have been approved by [...]
Astronomers at Cornell University, at Ithaca in the US state of New York, have used radar data to determine that the biggest sea on Titan, the largest moon of Saturn, is, near its centre, at least 300 m deep. The sea is named Kraken Mare, and it is estimated to have a surface area of [...]