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Diversification of energy generation, consumption important for businesses, Discovery Green says

Published: 12 Jun 24

Businesses are increasingly prioritising the procurement of renewable energy, and especially solar energy, owing to loadshedding, electricity cost increases and risks associated with high carbon footprints, but run the risk of increasing their total energy costs, including from variability challenges. Analysis by renewable energy for business platform Discovery Green shows that the solution to these challenges lies in diversification, both in terms of energy generation and consumption, in line with traditional insurance principles of risk pooling and diversification.

Tribunal confirms settlement agreement in plant and equipment hire cartel case

Published: 12 Jun 24

The Competition Tribunal has confirmed, as an order, a R480 000 administrative penalty imposed on plant and equipment hire company Hard Hat Equipment Hire as part of a settlement in a case in which it was accused of alleged price fixing and/or fixing trading conditions in contravention of the Competition Act. The company further agreed, among others, to refrain from contravening the Act and engaging in any prohibited practice in the future and would prepare a statement summarising the contents of the settlement agreement and circulate it to its employees, managers and directors.

TNPA gets four new tugboats for Durban, East London ports

Published: 12 Jun 24

State-owned Transnet National Ports Authority (TNPA) has taken delivery of the first four tugboats to boost marine fleet availability and shipping efficiencies at the ports of Durban and East London. The arrival of the tugboats brings TNPA a step closer towards the execution of its marine fleet renewal programme, which entails replacing marine fleet with the latest technology to extend the lifespan of marine assets.

Manufacturing confidence at its highest in two years amid loadshedding relief

Published: 12 Jun 24

Confidence among local manufacturers has reached the best level in two years during the second quarter of the year, according to financial services firm Absa's Manufacturing Survey for the second quarter. The survey showed that business confidence rose seven points to 28 during the quarter, with zero reflecting an extreme lack of confidence and 100 extreme confidence.

NRW acquires HSE mining contract and assets for A$85m

Published: 12 Jun 24

Perth-based civil and mining contractor NRW Holdings subsidiary Golding Contractors will acquire the mining services contract, associated fleet and transfer of employees from HSE Mining at coal miner Stanmore Resources’ South Walker Creek mine site. The transaction is at A$85-million less assumed employee liabilities of about A$15.3-million.