Astral posts R621m loss on the back of bird flu, loadshedding crises
JSE-listed integrated poultry producer Astral Foods has posted a loss of R621-million for the financial year ended September 30, owing to detrimental impacts from loadshedding and avian influenza. The group’s operating profit decreased by 143% compared with an operating profit of R1.4-billion the prior financial year, while headline earnings a share decreased by 148% year-on-year [...]
Cabinet approves R2.1bn to fight illegal mining, organised crime
Cabinet has approved the allocation of R2.1-billion in the criminal asset recovery account to provide aid in the fight against illegal mining and other organised crimes in South Africa. “Illicit mining and organised crime continue to be a threat to the South African economy,” Minister in the Presidency Khumbudzo Ntshavheni said during a post-Cabinet media [...]
South Africa may need $136bn for energy transition, study shows
South Africa cannot escape the need to spend significantly on new wind and solar power plants, a BloombergNEF study shows. Under a range of scenarios considered by researchers the country may need to spend as much $136-billion on new power generation capacity over the next two decades. A slowing down of the proposed closing of [...]
More than half of copper cables on TFR's lines replaced with aluminium alternative
Transnet has, so far, replaced about 55% of the copper cables across its national railway network with an aluminium conductor steel reinforced (ACSR) cable called Tiger Wire, Transnet Freight Rail (TFR) CE Russel Baatjies tells Engineering News. He says the switch to Tiger Wire is aimed at deterring cable theft.
DFFE launches invasive plant removal programme
The Department of Forestry, Fisheries and the Environment (DFFE) has launched a five-year R2.67-billion Working for Water Programme aimed at eradicating invasive alien plants in communities. The programme will result in just under 39 000 job opportunities being created every year of the five-year programme, totalling 194 195 jobs, mostly in rural communities throughout the country.
Germany will lend South Africa €500m for energy switch
Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it transition away from the use of coal-fired electricity, people with knowledge of the pact said. The money forms part of the $8.8-billion in climate financing offered to South Africa by some of [...]
Environmental groups urge funding halt for TotalEnergies' Mozambique project
Banks and other financiers should withdraw their support of TotalEnergies' $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders on Friday. The letter, seen by Reuters, comes at a crucial juncture for the French energy company as it prepares to [...]
Imperative that exploration plan be implemented as matter of urgency – Khoza
If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that that the recommendations of South Africa’s Exploration Implementation Plan be implemented in full as a matter of urgency. An inclusive approach, harnessing the [...]
Between 50 MW and 80 MW of wind power on way at South Deep – Gold Fields
The South Deep gold mine west of Johannesburg, which is already benefits 50 MW of solar power commissioned last year, is poised to be boosted by another 50 MW to 80 MW of wind power going forward. “We’re busy with the wind study to put up those turbines. We’re having very positive results on the [...]
Ford invests R5.2bn to produce hybrid Rangers at Silverton, celebrates 100 years in SA
As it celebrates 100 years of existence in South Africa, Ford Motor Company South Africa has announced it will invest R5.2-billion at its plant in Silverton to start producing plug-in hybrid electric vehicle (PHEV) Ranger models from late next year. Marleny Arnoldi attended the centenary celebrations.
Partnership paves way for new smart mine
Private investment company Menar, telecommunications group MTN and technology giant Huawei have once again teamed up to bring fifth-generation (5G) technology to a newly-developed mine in Mpumalanga. The signing of the Memorandum of Understanding (MoU) this week unlocks further discussions around a potential three-phased 5G connectivity installation project on the mine campus and shafts, besides [...]
MESA conference presents learnings, considerations for manufacturing digitalisation
The modern trend toward digitalisation and the drive to use fewer resources while producing more has created opportunities for optimised systems architecture that integrates and enables collaboration of systems. This was noted by Rand Refinery information and communications technology Infrastructure manager Dr Mike Sishi during the first day of nonprofit organisation the Manufacturing Enterprise Solutions Association (MESA) [...]