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Image of MTN South Africa CEO Charles Molapisi

MTN Business to digitise 257 municipalities through smart electricity and water meter technology

Published: 13 Jun 24

Telecommunications group MTN Business has been awarded a three-year contract to enhance the digitisation – through the implementation of smart electricity and water technology – across South Africa’s 257 municipalities. The RT29 transversal contract, awarded by National Treasury, will see MTN Business, starting from this month, supply, deliver, install, manage and maintain end-to-end smart metering solutions across the country.

VW vehicles on the assembly line in South Africa

Volkswagen says carmakers seek to revive key South African rail line

Published: 13 Jun 24

Volkswagen and other automakers operating in South Africa are in talks with the state logistics company to revive a dilapidated rail line between the country’s commercial hub and a car export terminal 700 miles away. The companies, which include Isuzu Motors Ltd., would like to hire a private operator to run trains on the line between the Gauteng province and the city of Gqeberha, which would transport vehicles in both directions.

New iron-ore exporter for Port of Esperance

Published: 13 Jun 24

The Port of Esperance, in Western Australia, is set to increase its iron-ore trade by 1.5-million tonnes a year, following a new agreement announced by Ports Minister David Michael. Gold Valley Iron Ore has secured access to essential iron-ore infrastructure at the port, marking the first time a second customer has been granted such access.

Fortescue loses another senior leader

Published: 13 Jun 24

Fortescue has confirmed the resignation of its director of global growth, Julie Shuttleworth, who previously served as group deputy chief executive and CEO of the green energy division. Shuttleworth first joined the Australian iron-ore miner in 2013. She became deputy CEO of the company in 2018, under former CEO Elizabeth Gaines who stepped down in 2021. The resignation is the latest in a series of high level executives leaving the company led by Andrew Forrest, which is attempting to transform into a global green energy firm.

Zambia to set up mineral investment and trading unit

Published: 12 Jun 24

Zambia will set up a new entity for investment and trading in minerals as it seeks to earn more from its natural resources, the Cabinet said on Wednesday after giving its approval. The government of Zambia, Africa's second largest copper producer which currently owns several mining assets through ZCCM Investment Holdings, will establish a special purpose vehicle (SPV) for investment and trading purposes, it said.

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.