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

CoJ threatens to blacklist defaulters to recoup R40bn in municipal debt

The City of Johannesburg (CoJ) has warned that it will soon blacklist thousands of defaulting residential property owners and businesses to recoup more than R40-billion in municipal debt. Johannesburg's has an overall municipal debt of more than R52-billion, which it intends to curb with the aggressive credit control campaign. It also intends to invoke its credit control [...]

South African fossil fuel subsidies hit record R118bn in 2023 – IISD

A new study has found that South Africa's fossil fuel subsidies tripled between 2018 and 2023, rising to R118-billion from R39-billion over the period, with subsidies having been increased largely in response to the surge in fuel prices following Russia’s invasion of Ukraine in 2022. Titled ‘Blackouts and Backsliding: Energy Subsidies in South Africa 2023’, [...]

Transnet Pipelines welcomes sentencing of two fuel thieves

State-owned Transnet Pipelines has welcomed the conviction of two fuel theft perpetrators by the Newcastle regional court, in KwaZulu-Natal, on April 8. This follows an operation conducted by the Directorate for Priority Crime Investigation (DPCI), in collaboration with local law enforcement, resulting in the apprehension of four suspects involved in crude oil theft at a [...]

MTN, Vodacom ranks top in valuable brands survey

Telecommunications groups MTN Group and Vodacom Group have secured the top two spots in the latest Brand Finance survey. Despite an 8% decrease in brand value to R68.2-billion, MTN Group maintained its position as South Africa’s most valuable brand, while Vodacom, increasing its brand by 10% to R43.9-billion, narrowed the gap between the two operators [...]

UK, US nuclear groups jointly win UK funding to further develop space micro-reactors

UK-based global major power and propulsion systems group Rolls-Royce and US-based major nuclear manufacturing and engineering group BWX Technologies (BWXT) have been awarded funding from the UK Space Agency to jointly advance technologies for the new and novel applications of nuclear fission technology in Outer Space. The funding, part of Phase 2 of the UK [...]

South Africa taps business to create office to end rail monopoly

South Africa has asked companies to help it set up an office to facilitate the entry of private operators onto the continent’s biggest rail network for the first time. In a letter sent last month to Business Unity South Africa, the Department of Transport asked the country’s biggest corporate lobby group to help set up [...]

Eskom defends pollution record, saying it’s spending billions

South Africa’s State power utility, stung by reports about the health impacts of emissions from burning coal, said it’s spending billions of dollars to reduce them and has an ambitious target to reduce output of one of its most dangerous pollutants. Eskom Holdings said it’s committed to a R67-billion plan to cut emissions and by [...]

South Africa’s water availability on the edge

Various factors can lead to a rapid decline in South Africa’s water availability, according to Water and Sanitation Deputy Minister David Mahlobo, who reiterated the need to diversify the water resource mix to ensure water security. Economic growth, population growth, urbanisation, inefficient water use, degradation of wetlands and the impact of climate change, as well [...]

Room for rules-based global trade remains, but WTO showing signs of geopolitical tension

Over the past five years, geopolitics has cast a shadow over how the world trade system functions, leading to a state of inertia within the World Trade Organisation (WTO) and its dispute resolution mechanisms. However, while geopolitical tensions have led to many questioning the WTO system, many countries still see value in a rules-based global [...]

Global alliance set to bridge ESG gaps between finance, real estate sectors

Global green building certification bodies the Building Research Establishment (BRE) in the UK, the US Green Building Council (USGBC) and the Green Building Council of Australia (GBCA) have formed a global green building alliance to create global cohesion in green building standards. This is aimed at bridging the gap between green building and the environmental, [...]

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