Helping corporate clients transition to a future low-carbon economy is a major focus for Nedbank Corporate & Investment Banking (Nedbank CIB). The bank was the first South African commercial bank to issue a Green Bond, in 2019, and it financed the first private sector energy wheeling arrangement in the country. Staying with energy, it already [...]

JSE-listed Renergen says its Virginia gas project, in the Free State, could generate an estimated R5.7-billion to R6.2-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda), once the Phase 1 and 2 plants are in full production. Renergen, in January announced that it had successfully produced both liquefied natural gas (LNG) and liquid helium [...]

The Department of Forestry, Fisheries and the Environment (DFFE) tells Engineering News that Minister Barbara Creecy has received a letter from Eskom requesting her to issue directions in terms of the disaster management regulations to exclude the construction of the temporary stacks at Kusile from environmental requirements. The state of disaster regulations issued on February [...]

Egypt has joined infrastructure investment institution the Africa Finance Corporation (AFC) as the first North African sovereign shareholder, serving to diversify the AFC’s expanding equity investor base. As an AFC member State, Egypt’s equity commitment and its imminent representation on the AFC board of directors adds to AFC’s pan-African spread of shareholders, board and management, which [...]

The Department of Mineral Resources and Energy (DMRE) has confirmed that five substation sites have been specified by Eskom for the public procurement of battery energy storage systems (BESS) with a combined capacity of 513 MW and a minimum of four hours of storage, or at least 2 052 MWh. A bid submission date of 17:00 [...]

Greenpeace Africa on Tuesday disrupted Minister of Mineral Resources and Energy Gwede Mantashe’s opening speech at the Africa Energy Indaba in Cape Town by staging a silent protest in front of the podium. Five protestors held up yellow placards that declared Coal = Corruption, Coal = Loadshedding and Gwede Stop Blocking Renewables.

JSE-listed vertically integrated seafood company Sea Harvest has described 2022 as one of the most challenging financial years in the last decade, pointing out that the year was marked by unprecedented input cost increases and 10% lower available volumes. The group nonetheless managed contain its headline earnings decreasing beyond 33% and to grow its revenue [...]

Newly-appointed Minister of Electricity, Kgosientsho Ramokgopa, reports that he will conduct an assessment over the coming seven to 14 days to help determine what powers he will request President Cyril Ramaphosa to transfer to him to tackle a supply deficit of about 10 000 MW. Ramokgopa’s deficit estimate, which he communicated during an interview on SAfm, [...]

As anticipated, Kgosientso Ramokgopa has been appointed as South Africa’s Minister of Electricity, a position which President Cyril Ramaphosa described as transitory and which has been created specifically to coordinate efforts to tackle the "severity and frequency of loadshedding as a matter of urgency". “The Minister in the Presidency for Electricity will liaise with other [...]

South Africa's energy and logistics threats should be turned into turned into opportunities, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Speaking to Mining Weekly in a Zoom interview following ARM’s presentation for 40% higher headline earnings at R5 171-million, Schmidt urged the country to never let a crisis go to waste. (Also watch  attached Creamer [...]

JSE-listed RCL Foods says it delivered a resilient set of results for the six months ended December 31. Revenue for the period  increased by 17.6% year-on-year to R20.2-billion, driven by a combination of higher pricing to counter rising input costs, and higher volumes in Sugar, Rainbow and Vector Logistics.

The treatment site of the Central Basin Acid Mine Drainage (AMD) plant has been significantly affected by the recent increased rainfall in Gauteng, the Trans-Caledon Tunnel Authority (TCTA) said on Monday. TCTA, on behalf of the Department of Water and Sanitation (DWS), operates and maintains three AMD plants within three basins, namely Central Basin in [...]