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Nelson Mandela University-led consortium to develop green hydrogen feasibility study
Published: 22 Apr 24
A consortium led by Nelson Mandela University and boutique consultancy firm Ikigai Group has won a UK Government grant under the South Africa-UK Partnering for Accelerated Climate Transitions (Pact) programme to deliver an innovative feasibility study to explore the viability of green hydrogen production and export infrastructure from the Eastern Cape to global markets, including the UK, Europe and Japan. The consortium will be working with the Industrial Development Corporation of South Africa (IDC) in support of South Africa’s wider development and just energy transition plans.
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M&R’s TNT awarded EPC contract in South America
Published: 22 Apr 24
JSE-listed Murray & Roberts (M&R) has announced that Terra Nova Technologies (TNT), in joint venture with Ingeniería y Construcción Sigdo Koppers, has been awarded an engineering, procurement and construction (EPC) contract with a large copper producer for a mine in South America. The contract value is about $200-million, with TNT’s share in the joint venture being 51%.
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Ramokgopa describes IPP surpluses as low-hanging fruit amid delay in finding contractual solution
Published: 22 Apr 24
Electricity Minister Kgosientsho Ramokgopa describes surplus electricity arising from existing renewable energy facilities as “low hanging fruit” in improving the supply-demand balance and reports that discussions are under way to assess ways to make this energy available to the grid. Speaking during a regular update on the Energy Action Plan, Ramokgopa confirmed that the issue, which had been under consideration for years, had again been raised with him by the leadership of Scatec during his recent visit to the group’s Kenhardt solar-battery facility in the Northern Cape.
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Embraer reports strong increase in airliner order backlog
Published: 22 Apr 24
Brazil-based global major aerospace group Embraer – the world’s number three maker of jet airliners – has released its deliveries and order backlog report for the first quarter of this year (1Q24). Deliveries of its commercial and executive (or business) aircraft types are up 67%, year-on-year. And its order backlog is the highest it has been in seven years. The order backlog, at the end of 1Q24, stood at $21.1-billion, a 13% increase over the figure for 4Q23. During 1Q24, the company’s commercial jets (airliners) order backlog increased by $2.3-billion (a 26% jump, quarter-on-quarter (q-o-q)), and its business jet order backlog rose by $4.6-billion (a 7% rise q-o-q). Its services and support backlog neither rose nor fell, while its defence and security backlog (at $2.4-billion) declined by -4%. (Recent selections, by some countries, of the Embraer C-390 airlifter for their air forces, have not yet been incorporated into the defence and security backlog.)
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Balwin adds padel courts to Mall of Africa offering
Published: 22 Apr 24
JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of the courts will be covered and the venue will also host the first Balwin Padel Club, with amenities such as locker and shower facilities for players.
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South Africa must commit to, accelerate reforms to achieve growth – BLSA
Published: 22 Apr 24
Last week’s ‘World Economic Outlook’ (WEO) published by the International Monetary Fund (IMF) was a reminder of how far South Africa is from the kind of economic performance it should achieving as a country, Business Leadership South Africa (BLSA) CEO Busiswe Mavuso writes in her latest weekly newsletter. The WEO showed that the IMF is expecting South Africa to grow only 0.9% this year, rising to a still low 1.2% in 2025, she informs.
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South Africa evades US censure even as it builds links to rivals
Published: 22 Apr 24
South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far. The Brics group of developing nations held its annual summit in South Africa last year and the Group of 20 is set to follow suit in 2025, highlighting Pretoria’s growing international sway. President Cyril Ramaphosa’s efforts to secure vaccines for Africa during the Covid-19 pandemic, help broker an end to Russia’s war in Ukraine and bring a genocide case against Israel at the International Criminal Court over its Gaza campaign have further enhanced its profile, despite the mixed results.
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Project envisions rollout of smart LPG, solar systems, hydrogen stoves to 3.51m indigent households
Published: 22 Apr 24
Energy solutions company Kili Energy is spearheading a large-scale initiative, the Kili Energy Clean Energy Democratisation Project, to provide smart liquefied petroleum gas (LPG) canisters and stoves, smart solar systems and novel hydrogen-powered stoves to 3.51-million indigent households in eThekwini, Tshwane, Cape Town, Johannesburg, the OR Tambo district municipality and Nelson Mandela Bay. The aim of the project is to provide energy liberation for townships and other indigent households, while simultaneously contributing to the decarbonisation of the country’s electricity supply.
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SAA seeks minority partner, loans
Published: 21 Apr 24
South Africa is seeking potential minority investors and access to capital markets and loan financing for South African Airways (SAA) for more rapid expansion, following the collapse of a previous equity deal, the national flag carrier’s interim Chairman Derek Hanekom said on local broadcaster eNCA. The airline had to revise its expansion plans after talks were scrapped and has now delayed opening more international routes to London, Frankfurt and North America, Hanekom said.
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Major global utilities announce joint intent to scale renewables capacity by 2030
Published: 19 Apr 24
The Utilities for Net Zero Alliance (Uneza) has adopted a roadmap to 2030, targeting a total increase of renewable energy capacity within their portfolios to 749 GW by 2030, an increase of 2.5 times relative to 2023. The alliance members’ joint renewables ambition was announced this week alongside a grid infrastructure action plan.
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Published: 19 Apr 24
Natrium reactor demonstration project, US – update
Published: 19 Apr 24
Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost...
Equinox acquires full ownership of Greenstone for $995m
Published: 24 Apr 24
Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mine for $955-million. This...
LME moves to stop gaming of Russian aluminium sanctions-based rule
Published: 24 Apr 24
The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a...
