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

Ramaphosa, Mantashe to oppose legal challenge over energy planning

President Cyril Ramaphosa and Mineral Resources and Energy Minister Gwede Mantashe intend opposing a legal challenge against them over energy planning. In January, two civil society organisations – Green Connection and the Southern African Faith Communities' Environment Institute (SAFCEI) – filed an application to seek the development of the Integrated Energy Plan (IEP). They believe [...]

Civil society organisations petition African leaders to reject gas energy strategy

With the thirty-sixth Ordinary Session of the African Union (AU) Assembly of Heads of State being held in Ethiopia over the weekend of February 18 and 19, civil society organisations (CSOs) have called for the AU to play a more ambitious role in creating a fossil fuel-free energy future in Africa.  CSOs have begun circulating [...]

Big petrol price hike expected in March

February may bring a large hike in the petrol price, the latest information from the Central Energy Fund shows. With two weeks to go before the prices are fixed, the fund's data shows that 95 unleaded petrol could be increased by more than R1.20 a litre in February, while diesel may be hiked by 38c. [...]

Airbus reports solid results for 2022

Europe-based global major aerospace and defence group Airbus released its full year results for 2022 on Thursday. It reported total revenues of €58.763-billion for the year. This was a 13% increase over the figure for 2021. Earnings before interest and taxes (EBIT), adjusted, came to €5.627-billion, up 16% over 2021. Net income in 2022 was [...]

BFAP warns of looming sugarcane job losses if sugar tax is increased

A study by the Bureau for Food and Agricultural Policy (BFAP) finds that an above-inflation increase in the Health Promotion Levy (HPL), or sugar tax, would put 6 000 farm-level jobs and 3 000 small-scale growers at risk in the sugarcane industry between this year and 2025. South African Sugar Association (SASA) CEO Trix Trikam says the [...]

Gold mines can play a key role in establishing infrastructure for transition to renewables

Mining companies are developing and deploying strategies to reduce climate-related risks in the locations where mines are situated, and the ability for gold mines to self-generate power on a practical scale from solar plants is helping to create a viable source of skills and infrastructure that will benefit other sectors, says market development organisation World [...]

Growing need for critical raw materials highlighted by US, EU policies – Glencore

Recent government policies, such as the US's Inflation Reduction Act and the European Union’s proposed Green Deal Industrial Plan, demonstrate the growing need for critical raw materials through to the end of the decade and beyond, necessitating fresh investment in both primary supply and recycling, said Glencore CEO Gary Nagle on Wednesday, when the diversified mining [...]

Ratings agencies warn SA ahead of budget about loadshedding risks

With a week to go before Finance Minister Enoch Godongwana tables his budget in Parliament, two global credit ratings agencies have warned of SA's deteriorating risk profile due to the impact of prolonged electricity cuts on the economy.  On Wednesday, Fitch ratings said that while it had anticipated the power cuts would continue into 2023, [...]

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