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

Nuclear associations call on G7 States to strengthen the sector to fight climate change

Eight major international and national nuclear industry associations have urged the Group of Seven (G7) major democratic industrial economies to take steps to further develop nuclear energy capacity and technology, to help counter climate change. They also welcomed the opportunity to provide input to the G7 Climate, Energy, and Environment Ministers meeting, currently under way [...]

Rand Refinery donates R2m to seven Gauteng schools

As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be allocated towards refurbishments at, and procurement of modern educational tools by, the selected schools.

Draft Gas Master Plan released amid supply ‘cliff’ warnings

South Africa’s much-delayed draft Gas Master Plan (GMP2024) has been released for public comment by Mineral Resources and Energy Minister Gwede Mantashe, amid indications that the gap between demand and supply will grow steeply from 2026 onwards when Sasol ceases to supply Gauteng and KwaZulu-Natal industrial customers with gas imported from Mozambique. The document includes [...]

African leaders seek record World Bank financing to combat climate change

African leaders on Monday called for rich countries to commit record contributions to a low-interest World Bank facility for developing nations that they rely on to help fund their development and combat climate change. Donors will make their cash pledges to the International Development Association, a World Bank institution that offers loans with low interest [...]

Kibo subsidiary progressing Pyebridge asset

Kibo Energy’s subsidiary, Mast Energy Developments (MED), has received official confirmation that its Pyebridge 9 MW flexible power generation asset in England has passed its satisfactory performance days (SPD) requirements under its current existing T-1 capacity market (CM) contract. This means that Pyebridge will retain the current CM contract’s associated yearly gross profit margin income [...]

SA advised by World Bank on climate insurance, contingency fund options

The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a contingency fund to deal with major adverse weather events, a person familiar with the matter said, asking not to be [...]

How 30 years of democracy has transformed South Africa’s mining industry

South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded mine employees earn among the most competitive wages in the major job sectors, [...]

South Africa aims to set up three JET-aligned skills development zones

Three Just Energy Transition (JET) skills development zones focusing on renewables and grids, electric vehicles and green hydrogen value chains are proposed for implementation under the larger JET Investment Plan (JET-IP), for which pledges of $11.5-billion have been made by several developed countries. The zones will be anchored to specific educational institutions, most likely technical [...]

Debt transparency needed as opaque resource-backed loans hinder African development – Adesina

African countries will pay $74-billion in debt service payments this year, which is a sharp increase from $17-billion in 2010, and the continent's economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth. "It is time to have accountability for debt transparency and ensure that opaque natural [...]

Financing African hydrocarbon projects needs a segmented approach

In an era in which raising finance for major hydrocarbons projects was increasingly challenging, the developers of such projects in Africa should consider segmenting them and separately seeking finance for each segment. That advice was given by Africa Finance Corporation Senior Associate Shao Olumide. He was participating in a panel discussion at the 2024 African [...]

South Africa advised by World Bank on climate insurance, contingency fund options

The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a contingency fund to deal with major adverse weather events, a person familiar with the matter said, asking not to be [...]

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