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

Japan and the UK partnering on robotics for use in nuclear facilities

Japan and the UK are partnering to develop and deploy new automation and robotics techniques for use in both the decommissioning of nuclear plants and the development of nuclear fusion energy. The project, designated LongOps, will receive £12-million in funding and will run for four years. The funding is being provided equally by three entities. [...]

Pandemic management, vaccine to shape economies in 2021

Three factors will determine the trajectory of the global economy in 2021, Deloitte Touche Tohmatsu chief global economist Dr Ira Kalish has said. Speaking during a virtual executive conference hosted by professional services organisation Deloitte on January 20, he said the path of the pandemic and how it is managed; the vaccine and how it [...]

Massmart’s sales decrease year-on-year

JSE-listed Massmart’s sales for the 52 weeks ended December 27 amounted to R86.5-billion, representing a decrease of 7.7% over the same period in 2019, while comparable store sales decreased by 7.5% year-on-year. Sales in the group’s South African stores decreased by 7.9% (comparable stores decreased by 7.6%), while sales from its stores in the rest [...]

NUM tackles De Ruyter over Eskom’s poor performance, load-shedding

The National Union of Mineworkers (NUM) on Thursday said it is unhappy with the load-shedding being carried out in South Africa and “very disappointed” with the performance of Eskom under the leadership of chief executive André de Ruyter. “The current management team has taken the country to stage 6 for the first time in the [...]

South African wealth tax could raise R160bn, study shows

An annual wealth tax on the net worth of South Africa’s richest people could raise as much as R160-billion and would narrow inequality in a nation where the most affluent 1% of the population own 55% of personal wealth, a study showed. The study, carried out by groups including the World Inequality Lab of which [...]

Courtyard Hotel Waterfall City set to welcome new guests

Situated close to the iconic Mall of Africa, as well as the Sandton and Midrand central business districts (CBDs), the new Courtyard Hotel at Waterfall City, in Midrand, is officially welcoming guests. The hotel is within walking distance of the Mall of Africa’s various amenities and is close to the Gautrain bus service and a [...]

Steel baron Eric Samson dies

Steel magnate Eric Samson, best known for building Macsteel into one of South Africa's largest companies, has died aged 83.   The octogenarian billionaire – who shied away from the spotlight throughout his life – died in Newport, California. He had a career spanning more than five decades in the steel industry and made his fortune, [...]

Aggreko to implement hybrid power solution for Gold Field’s Salares Norte in Chile

Mobile and modular power solutions provider Aggreko has signed a ten-year contract with global miner Gold Fields to provide a 25.9 MW hybrid solar and thermal power solution for the Salares Norte openpit gold/silver mine, in Chile. This solution has been designed to provide power for the entire mine, which sits at an altitude of [...]

AMSP opens Covid-19 vaccines pre-orders for AU member States

Following the announcement by African Union (AU) chairperson President Cyril Ramaphosa on January 14 that the AU has secured a provisional 270-million Covid-19 vaccine doses for Africa through its Covid-19 African Vaccine Acquisition Task Team (Avatt), the Africa Medical Supplies Platform (AMSP) has, on behalf of the Africa Centres for Disease Control and Prevention (CDC), [...]