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

South Africa definitely under-explored, has extraordinary untapped potential – Anglo

South Africa, with its incredible mineral’s endowment and extraordinary untapped potential, is definitely under-explored, Anglo American CEO Duncan Wanblad said in response to questions after virtually presenting on day-two of the Joburg Indaba. Wanblad was responding to a question posed by Joburg Indaba chairperson Bernard Swanepoel on what the London- and Johannesburg-listed Anglo can do [...]

Pace of energy transition will define South Africa’s economic prospects – Olver

Presidential Climate Commission (PCC) executive director Dr Crispian Olver says South Africa’s energy transition and the pace at which it progresses will determine the country’s long-term economic and human-development prospects and should, thus, no longer be treated only as an environmental problem. Speaking at the Joburg Indaba, Olver acknowledged that stakeholders were “not of one [...]

Johannesburg bridge collapse: Safety MMC says it was a 'disaster waiting to happen'

The City of Johannesburg's MMC for Public Safety, Mgcini Tshwaku, warned that the collapse of a pedestrian bridge on Wednesday would have turned into a major disaster if it occurred during peak hour. The bridge, owned by the Passenger Rail Agency of South Africa (PRASA), collapsed while people were crossing it. They narrowly escaped serious [...]

MTN South Africa progresses network resiliency

South African telecommunications giant MTN has deployed more than 20 000 batteries, 5 000 rectifiers and nearly 900 generators to sites across South Africa and is spending R4.5-billion to R5-billion in an effort to ensure seamless communications during loadshedding. While this is helping MTN to maintain network resiliency amid the higher stages of loadshedding, vandalism [...]

PIC to grow green energy book beyond R16.5bn

The Public Investment Corporation (PIC) intends to increase its investment in renewable energy as South Africa battles to resolve a power crisis that’s stifling economic growth. “If you look at our renewable energy book, we have now funded and have got an exposure of R16.5-billion – and it is going to grow,” Kabelo Rikhotso, chief investment [...]

Zambia, DRC kick off major road project

The Presidents of the Democratic Republic of Congo (DRC) and Zambia have broken ground at the Lualapa river bridge site, marking the start of the Kasomeno-Mwenda Toll Road (KMTR) project. The new route will reduce the roundtrip for commercial transporters from Haut-Katanga’s booming mining sector to the port of Dar es Salaam, Tanzania, by about [...]

More painful petrol, diesel hikes confirmed for Wednesday

Motorists can expect hikes of over R1 for all grades of fuel from Wednesday. The unleaded petrol price (95) will be hiked by R1.14 a litre, while 93 will be increased by R1.08. Diesel (0.05% sulphur) will be hiked R1.96 a litre, while 0.005% sulphur will jump by R1.96, the department of mineral resources and [...]

Dunlop proceeds with R1.7bn investment in Ladysmith tyre factory

Tyre manufacturer Dunlop is forging ahead with a R1.7-billion investment project at its factory in Ladysmith, KwaZulu-Natal, with the backing of its Japan-based parent company Sumitomo Rubber Industries (SRI). The investment will boost local tyre production capacity as local automotive original-equipment manufacturers (OEMs) increasingly seek domestic tyre producers to meet their vehicle specifications.

NUM calls for halt of Eskom unbundling, JET to ensure fairness

The National Union of Mineworkers (NUM) has called for a delay in the implementation of the just energy transition (JET) until such time that all stakeholders are convinced that such a move will be fair and just to workers and communities. The union also demands that the unbundling process of Eskom be put on hold pending [...]

Public Enterprise seeks to appeal court judgment regarding budget airline Mango

The Department of Public Enterprises (DPE) announced on Monday that it had applied for leave to appeal the Pretoria High Court judgment, and order, regarding State-owned low-cost airline Mango, that had been handed down, early last month. Mango, part of the South African Airways group, has been under its own business rescue process. “The intention [...]

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