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

Electric buses may not be a justified public transport endeavour – Zutari

Talk of alternative energy technology and fuels has increased in frequency and prominence among stakeholders in the transport industry, with both the public and private sectors having made commitments to decarbonise transport. For public entities responsible for ensuring viable public transport, the question of transitioning to alternative fuels was now a pertinent one, consultancy Zutari senior transport [...]

Industry advances creation of R10bn-a-year gas company to ensure security of supply

South African industrial users of natural gas are moving forward with the establishment of a R10-billion-a-year gas-aggregator company to provide the basis for large-scale gas infrastructure investments and transactions. The establishment of this gas aggregator (GasCo) will enable South African manufacturing to transition from a fragmented market to a consolidated and structured market enabling secure, [...]

Mainstream hires Rothschild to seek investors

Mainstream Renewable Power has hired Rothschild & Co to find an investor for its pipeline of South African renewable energy projects, according to people with knowledge of the matter. Japan’s Mitsui & Co.-backed group, with about 12 gigawatts of solar and wind projects in development in the most industrialized nation on the continent, seeks a [...]

Macpherson says at least R300m stolen from DPWI by cybercriminals over ten years

Public Works and Infrastructure Minister Dean Macpherson has revealed in a July 10 media release that an investigation has determined that at least R300-million has been stolen from the Department of Public Works and Infrastructure (DPWI) by cybercriminals over a ten-year period. The latest incident took place in May, when cyber-attackers stole R24-million from the department. This [...]

Macquarie-backed African renewables investor seeks fresh funds

Revego Fund Managers, which runs Africa’s first fund focused on primarily investing in operating renewable-energy assets, is seeking new investors as it works toward an eventual listing. The fund manager wants to raise about R3-billion to invest in projects to add to the R2-billion Revego Africa Energy Fund, a so-called yieldco focused on dividend flows, [...]

Eskom employee, service provider face fraud charges in court

An employee of State-owned Eskom and a service provider to the utility last week appeared in the Hendrina Magistrate Court, in Mpumalanga, on charges of fraud, with each granted bail of R30 000. It is alleged that, between January and April last year, the service provider supplied five valve stems – stolen from the Hendrina [...]

Shanghai Platinum Week highlights unique platinum, palladium futures innovation

Platinum and palladium have been spotlighted on day two of Shanghai Platinum Week, where South Africa is well represented by Minerals Council South Africa as well as platinum group metals (PGM) mining company executives. The newly announced ingot and sponge monthly contracts offer a domestic mechanism to hedge price risk and boost the ongoing development [...]

Local refineries still in need of capital investment to meet clean fuels requirements

Industry organisation the South African Petroleum Industry Association (Sapia) has reiterated the need for capital investment in local refineries to ensure they can meet the second clean fuels programme in 2027. During a July 8 media roundtable hosted by Sapia, head of strategy Kevin Baart noted that the required capital investment could not be funded with [...]

Saps investigating the non-violent deaths of four SANDF soldiers at an Orkney mine shaft

The South African National Defence Force (SANDF) has announced that the South African Police Service (Saps) is undertaking an investigation, in preparation for an inquest, into the deaths of four SANDF members while on duty in the Orkney district of the North West province. The soldiers were part of Operation Vala Umgodi, directed against illegal [...]

Priyesh Daya appointed to ICC International Court of Arbitration

Law firm Webber Wentzel partner Priyesh Daya has been appointed as a member of the International Chamber of Commerce's (ICC’s) International Court of Arbitration for a three-year term starting on July 1. The ICC Court is the world's leading arbitral institution, facilitating the resolution of international commercial and investment disputes.

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