Research Channel | Advanced Search - Research Channel Africa

Back NEWS

Telkom shareholders green light masts, towers deal

Published: 27 May 24

JSE-listed Telkom’s shareholders have approved the proposed R6.75-billion sale of its masts and towers infrastructure subsidiary Swiftnet to a consortium. The consortium comprises infrastructure fund Actis Ohio Fund managed by Actis and an infrastructure vehicle 100% owned by Royal Bafokeng Holdings.

Nersa extends deadline for comment on Eskom’s move to reserve grid for public IPPs

Published: 26 May 24

The National Energy Regulator of South Africa (Nersa) has extended to June 17 the deadline for comment on Eskom’s application to preserve and reserve grid capacity for independent power producers (IPPs) participating in public procurement processes implemented in line with Section 34 of the Electricity Regulation Act (ERA). The initial deadline was May 25.

Neasa asks Patel, Itac to stop imposing upstream steel import duties

Published: 24 May 24

The National Employers' Association of South Africa (Neasa) says government’s duties on imported steel only serve to support ailing primary steel producer ArcelorMittal South Africa (AMSA). Neasa said the duties would not only fail to save AMSA in the long run, but were also gradually eroding the entire steel industry.

AU signs new agreement on Earth observation cooperation with a European organisation

Published: 24 May 24

The African Union Commission (AUC) and the European Organisation for the Exploitation of Meteorological Satellites (much better known by its acronym, EUMETSAT) have signed an agreement to reinforce their cooperation in the sphere of Earth observation (EO). This follows the start of the deployment of the third generation of EUMETSAT’s Meteosat weather- and climate-focused EO satellites. This third generation is known as the MTG satellite system. “The Memorandum of Understanding represents ...

Brikor anticipates more than 100% improvement in full-year earnings

Published: 24 May 24

AltX-listed construction materials provider Brikor expects to post earnings a share of between 0.9c and 1.1c for the financial year ended February 29, compared with a loss a share of 0.7c in the 2023 financial year. This equates to a more than 100% year-on-year increase in earnings a share.

IATA African aviation conference to be held in South Africa in July

Published: 24 May 24

The International Air Transport Association (IATA), the global representative body for the airline industry, has announced that its second Wings of Change Focus Africa Conference (WOCFA) will take place in Johannesburg, South Africa, on July 2 and July 3 this year. The host airline for the conference will be South African Airways (SAA). WOCFA forms part of IATA’s Focus Africa initiative, and serves as a platform to examine and review the initiative’s priorities. Focus Africa is intended to reinforce the role of aviation in the continent’s development, social as well as economic, including through improving safety, reliability and connectivity, for both people and cargo.

Shipping losses hit all-time low, shadow fleet growing, says new report

Published: 24 May 24

The 2024 Allianz Safety and Shipping Review notes that 26 large ships were lost worldwide last year – down by a third year-on-year, and the industry’s lowest ever total. Around 90% of international trade is transported across the globe’s oceans.

Staff often have to work on outages at night

Cape Town’s water and sanitation staff victims of 22 hijackings, 52 robberies

Published: 24 May 24

The City of Cape Town (CoCT) says its Water and Sanitation staff have been the victims of 22 hijackings and 52 robberies since July 1, last year. Of the hijackings, seven were in Khayelitsha, six in Philippi and three in Mfuleni.

Tourism Transformation Fund has approved R272m of financing assistance

Published: 24 May 24

The Tourism Transformation Fund (TTF) has approved transactions to the value of R272-million since its inception in 2017. The TTF was launched as a collaborative effort between the Department of Tourism and the National Empowerment Fund (NEF) to foster economic transformation and empowerment in the tourism sector.

Desert to Power Initiative to transform Africa’s most vulnerable region into an energy hub

Published: 24 May 24

The African Development Bank (AfDB) has emphasised its role in delivering the Desert to Power Initiative, which aims to energise one of the least developed and most marginal parts of the continent. The Sahel region, which is one of the most vulnerable regions in the world, will become a solar energy hub, targeting 11 countries: Burkina Faso, Chad, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal and Sudan. Desert to Power seeks to generate 10 GW of solar power by 2030 by ...