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Altron posts strong continuing operations growth
Published: 20 May 24
JSE-listed Altron on Monday reported strong results across its continuing operations; however, noncash adjustments in its discontinued operations weighed on the company’s overall results for the year ended February 29, 2024. The company reported earnings before interest, tax, depreciation and amortisation (Ebitda), including Altron’s ATM Business and discontinued operations, of R985-million, a 6% decrease on the R1.05-billion achieved in the prior year.
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Energy trader reports strong market demand for green electricity from 210 MW Hendrina Wind Farm
Published: 20 May 24
Newly formed electricity trader Apollo Africa reports that it is experiencing strong demand from potential customers for the renewable electricity that will be produced from the grid-ready 210 MW Hendrina Wind Farm, being developed by Enertrag in the Mpumalanga province. Apollo Africa, which is majority-owned by JSE-listed Reunert and is in the final stages of securing a trading licence from the National Energy Regulator of South Africa, has entered into an exclusive agreement with Enertrag for the electricity that will be produced at the facility.
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DWS set to submit NWRIA Bill to Presidency
Published: 20 May 24
Following the adoption of the National Water Resource Infrastructure Agency (NWRIA) Bill, the Department of Water and Sanitation (DWS) is preparing to submit it to President Cyril Ramaphosa for final sign-off. The Bill, which aims to establish the NWRIA to ensure sustainable, equitable and reliable supply of water from national water resources infrastructure, was adopted earlier in May by the Portfolio Committee on Water and Sanitation and the National Assembly.
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TPT starts financial year off with increases in bulk, container volumes
Published: 17 May 24
State-owned ports manager Transnet Port Terminals (TPT) has recorded a 10% year-on-year increase in container volumes moved across all 19 of its terminals in the first six weeks of the 2024/25 financial year. Bulk volumes and break-bulk volumes were also up by 5% and 17%, respectively, compared with the first six weeks of the prior financial year.
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Get Steel invites comment on proposed foundry project in Benoni
Published: 17 May 24
Local steel processing company Get Steel has invited interested and affected parties to submit comments on a draft scoping report into the refurbishment of the Naledi Foundry, in Benoni, Gauteng.
The company also intends to install additional infrastructure and equipment to establish a new billet and precision casting foundry on the remainder of the site.
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Development finance agency highlights Africa’s infrastructure needs and opportunities
Published: 17 May 24
The Africa Finance Corporation (AFC), which exists to catalyse private-sector investment in African infrastructure, on Friday released its latest report, State of Africa’s Infrastructure Report 2024: The infrastructure imperative: Igniting Africa’s Industrial Renaissance. This found that the continent had an “unprecedented opportunity” to impel its development by bringing its substantial renewable energy resources, and solutions for its deficient infrastructure, into alignment. “The report is not just about identifying challenges; it’s about unlocking the immense potential that lies within our collective resolve,” stressed AFC president and CEO Samaila Zubairu. “The State of Africa’s Infrastructure Report is a call to action for stakeholders across the continent to collaborate for a smarter, more targeted, and better coordinated investment approach.”
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Tshwane’s first separation-at-source project in a public space signals success
Published: 17 May 24
A separation-at-source recycling campaign, called S@S, at Tshwane’s public Fountains Valley Resort – a collaboration between the City of Tshwane and producer responsibility organisation Petco – is being described by officials as a success, with plans to extend it to other resorts and public areas in the city. Since February, visitors to the Fountains Valley Resort have been greeted by 12 large colour-coded and labelled recycling bins as part of the city’s first S@S recycling campaign in a public space.
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George building collapse rescue, recovery operations wrapped up
Published: 17 May 24
Western Cape Minister of Local Government, Environmental Affairs and Development Planning Anton Bredell has confirmed that the rescue and recovery operation at the site of a building collapse, in George, has been concluded. More than 1 000 rescue, support and volunteer workers carried out the 260-hour operation, which saw more than 6 000 t of rubble carefully removed to enable rescue workers to search for survivors.
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Yet more Chinese imports on their way, this time electric, and available to rent
Published: 17 May 24
Local importer of Dongfeng Sokon Automobile (DFSK) battery electric vehicles (BEV), Enviro Automotive, says it will make a number of additions to its vehicle line-up. The company introduced the DFSK brand to South Africa in July 2022, with the introduction of the EC35 panel van and EC31 one-ton bakkie.
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Steady increase in demand for MyCiTi bus service
Published: 17 May 24
The latest audited statistics on MyCiTi ridership in and around Cape Town show that there is an increasing demand for the bus service. “It took some time for the service to settle in again after the Covid-19 pandemic, and for operations to return to normal,” says City of Cape Town Urban Mobility MMC Rob Quintas.
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Coega green ammonia project, South Africa – update
Published: 17 May 24
Hinkley Point C nuclear power plant project, UK – update
Published: 17 May 24
Umoyilanga hybrid renewables battery project, South Africa – update
Published: 17 May 24
Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town....
