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

NNR considering comments on Koeberg licence extension

The sixty-day period for public comment on Koeberg nuclear power station operating beyond its licenced timeframe in 2024 has lapsed on March 16. The National Nuclear Regulator (NNR) will now consider the written representations received from January 8 and announce in due course whether further public debate on the extension of the licence is necessary, [...]

DMRE says refinancing of 15 renewables plants has delivered tariff savings as it updates protocol

The Department of Mineral Resources and Energy (DMRE) reports that 15 renewables refinancing applications have been approved under an initiative launched in October 2019 that sought to reduce tariffs arising from private generators procured during the initial bidding rounds of the renewables procurement programme. The department claims that the refinancing concluded to date will result [...]

Competition Commission tables digital platforms inquiry terms of reference

The Competition Commission on Friday published a draft Terms of Reference (ToR) for a market inquiry into the distribution of media content on digital platforms in South Africa. The Media and Digital Platforms Market Inquiry (MDPMI), established in terms of section 43B(1)(a) of the Competition Act, will evaluate and determine the nature and extent to [...]

Anchor block construction on the Msikaba bridge nears completion

The Concor-Mota Engil Joint Venture (CME JV) has almost completed the four massive concrete blocks that will anchor the Msikaba bridge in place. Concor project director Laurence Savage says the blocks represent the engineering on which everything else rests. 

New energy MD says Exxaro is well-advanced on own-mine renewable energy plans

Coal miner Exxaro has advanced considerably on progressing the generation of renewables to supply electricity to its own mining operations, newly appointed Exxaro MD for Energy Leon Groenewald said in response to Mining Weekly during Thursday’s media conference at which the JSE-listed coal, energy and ferrous markets company Exxaro reported record earnings before tax interest [...]

Just energy transition to be job-positive, but youth skills and businesses crucial

South Africa's transition from fossil fuel dependence to a renewable energy-based economy will add more jobs than will be lost in fossil fuel value chains, but the skills that young people have to participate in the transition, including by establishing careers and businesses in nascent value chains, is a central element of any just energy [...]

ARC’s portfolio resilient amid challenging macroeconomic environment

JSE-listed African Rainbow Capital (ARC) says its diverse investment portfolio has shown remarkable resilience in what was challenging macroeconomic conditions for all the firms it is invested in, in the six months ended December 31, 2022. ARC’s intrinsic investment value in the African Rainbow Capital Fund (ARC Fund) increased by 0.2% from R13.24-billion as at [...]

Transnet applauds sentencing of fuel thief

State-owned freight and logistics company Transnet has welcomed the sentencing of a perpetrator arrested for tampering with the petroleum pipeline and theft of 40 000 ℓ of diesel. The conviction in the Vrede Regional Court on March 14 brings the total number of convictions to 16 since 2019.

Coal miner Exxaro to build 68 MW solar power plant in Limpopo

Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and ferrous markets company. “We have been [...]

Eskom’s 18.65% hike has been tabled in Parliament opening way for April implementation

The average tariff increase for various categories of Eskom customers arising from the National Energy Regulator of South Africa’s (Nersa’s) recent allowable revenue decision has been tabled in Parliament as is required for these increases to be legally implemented on April 1. On January 12, Nersa approved revenue of R318-billion for the State-owned utility for [...]

Proposed shutdown will not achieve any positive objective – Sacci

A national shutdown does not achieve any positive objectives and political campaigning and differences, such as disputes relating to who should or should not be the President of the Republic, should be resolved through the ballot box and not through calling for shutdowns, business body the South African Chamber of Commerce and Industry (Sacci) says. [...]

Exxaro earnings soar, final dividend down

Coal, energy and ferrous markets major Exxaro reported strongly rising revenue in its year-end results for the year ended December 31, which boosted earnings before interest, taxes, depreciation and amortisation (Ebitda). The 41% higher revenue at R46.4-billion was the main driver for the 78% increase in group Ebitda to R19 002-million.

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