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

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 [...]

Red flags causing policy uncertainty to remain prominent

The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) has come in lower in the third quarter of the year, having declined from 76.2 in the second quarter to71.8 in the third quarter. The PUI, nevertheless, “remains well in negative territory for now”, says NWU.

'Transnet execs must go now.' Cosatu adds pressure as deadline looms

As a sword hangs over the heads of top Transnet executives, group CEO Portia Derby and head of Transnet Freight Rail Sizakele Mzimela, the Congress of South African Trade Unions has turned up the heat and called publicly for the company's top management to go. At the beginning of September, Public Enterprises Minister Pravin Gordhan [...]

JET pledges rise to $11.9bn as South Africa moves to finalise implementation plan

The South African government has received additional pledges, worth nearly $3.5-billion, in support of its Just Energy Transition Investment Plan (JET IP), increasing the overall envelope of concessional debt and grant funding to R11.9-billion. The Presidency’s Rudi Dicks told the Presidential Climate Commission (PCC) that Denmark and the Netherlands had combined their pledges with those [...]

Striking workers at key South Africa coal port reject wage offer

Workers at the Richards Bay Coal Terminal in South Africa rejected its latest wage offer and will continue to strike, according to the main labour union at the port. Members of the Association of Mineworkers and Construction Union lowered their demand to a one-year 7% basic salary increase and a housing allowance, said Bheki Sithole, [...]

Renergen achieves environmental permit milestone

Green energy supplier Renergen’s Virginia Phase 2 gas project, in South Africa’s Free State, has achieved a significant milestone with the receipt of environmental authorisation (EA). The Department of Mineral Resources and Energy has granted an EA in terms of Section 24 of the National Environmental Management Act in accordance with the Environmental Impact Assessment regulations for the [...]

Small set of common ESG standards should govern access to capital for critical minerals …

BHP CEO Mike Henry has called for a “small set of common standards” covering environmental, social, and governance (ESG) to underpin the access to capital required to unlock investment in the critical minerals needed for the transition to electric vehicles and renewable energy generation. Speaking at the International Energy Agency’s (IEA’s) inaugural critical minerals summit [...]

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