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A power line tower Focus on ‘core underlying issues’ to tackle load-shedding crisis – EIUG
Published: 01 Jul 22
Ending the current restrictions to the addition of new generation capacity and addressing Eskom’s deteriorating generation performance are key to arresting intensifying load-shedding, the Energy Intensive Users Group (EUIG) asserts. CEO Fanele Mondi said in a statement the recent illegal industrial action had escalated the crisis but stressed that the “core underlying issues” remained Eskom’s poor generation performance and the prevailing restrictions on the addition of new generation capacity.
Hudaco lifts interim profit despite global market challenges
Published: 01 Jul 22
Branded automotive, industrial and electrical consumable products group of companies Hudaco grew its turnover for the six months ended May 31 by 12% year-on-year to R3.8-billion. Turnover was also 19% higher than pre-Covid-19 levels.
Image of a Mahindra bakkie June new-vehicle sales up by 7.6%; exports grow by 18%
Published: 01 Jul 22
Domestic new-vehicle sales in June expanded by 7.6%, to 41 019 units, compared with the same month last year. The new-passenger-car market reached 29 545 units in June – a 20.6% jump on the same month last year.
IGO to acquire 70% stake in Matsa’s Fraser Range tenements
Published: 01 Jul 22
ASX-listed Matsa Resources has entered into an agreement with exploration company IGO Newsearch, whereby IGO will acquire a 70% interest in the copper/nickel Symons Hill project as well as Matsa’s other Fraser Range tenements in Western Australia. Under the terms of the agreement, IGO will pay A$600 000 in cash and then free carry Matsa for all exploration to the completion of feasibility studies or the decision to mine, whichever occurs earlier.
Oceana Lithium begins trading on ASX
Published: 01 Jul 22
Mineral exploration and development company Oceana Lithium started trading on the ASX on Friday under the code OCN. The listing follows the successful and oversubscribed initial public offering (IPO) of Oceana, which raised A$6-million in new equity. This included a A$1-million cornerstone investment from large lithium hydroxide producer Yahua International Industrial Group, which is a major supplier to electric vehicle manufacturers Tesla, BYD Auto and Sinopec.
India raises import tax on gold to support rupee
Published: 01 Jul 22
 India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit. Local gold prices jumped to an over two-month peak of 52 032 rupees per 10 grams on Friday, the highest since April 25.
Image of a vandalised Metrorail coach City of Cape Town pursues reinstatement of joint rail enforcement unit 
Published: 01 Jul 22
The City of Cape Town says it is keen to help revive the Passenger Rail Agency of South Africa (PRASA) rail enforcement unit (REU), which operated as a three-way government partnership between October 2018, and July 2020.  The REU was launched by then Minister of Transport Blade Nzimande at a cost of R48-million.
Eskom CEO André de Ruyter Eskom attributes three stages of load-shedding to wildcat strike
Published: 01 Jul 22
Embattled power utility Eskom has attributed three stages of the current load-shedding, which is being implemented daily at between Stage 4 and Stage 6, directly to the illegal strike under way at varying levels of intensity across its coal fleet. Speaking against the backdrop of a resumption of wage talks with unions on Friday, CEO André de Ruyter reported that 2 709 MW of capacity was unavailable as a direct result of the wildcat industrial action, triggered by a recent deadlock in wage talks.
Enviro dept to reconsider authorisation for Kendal ash dump life extension
Published: 01 Jul 22
An application to appeal the rejection of an environmental authorisation for Eskom’s Kendal power station to extend the life of its ash dump to 30 years has been set aside by the Department of Forestry, Fisheries and the Environment (DFFE) for reconsideration. The Kendal power station applied for the extension of life of its ash disposal facility, but it was rejected in April 2021, following which Eskom, in May 2021, lodged an appeal against the rejection as per requirements of the Appeals Regulations.
Photo of Terence Creamer South Africa's worst-ever bout of load-shedding Has Video
Published: 01 Jul 22
Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about South Africa's worst-ever bout of load-shedding and what has led to Eskom having to resort to implementing Stage 6 load-shedding for several days; how other stakeholders have responded to this situation; and if there is a way to resolve the situation.
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