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South Africa to provide new coal-plant closure timeline to secure secure $2.6bn
Published: 08 May 24
South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an agency in President Cyril Ramaphosa’s office said. The timetable to be proposed to the Climate Investment Funds in June aims to ensure the country remains on track to obtain funding under the so-called Just Energy Transition Partnership — a $9.3-billion pact with some of the world’s richest nations. Under the agreement, first announced in 2021, South Africa will receive the assistance on condition it cuts its dependence on coal, which accounts for four-fifths of the nation’s electricity output. Early last year, South Africa told its partners in the pact it planned to delay the planned shutdown of coal-fired plants — 14 of which are operated by state utility Eskom — to address record electricity outages. The authorities didn’t set new closure dates. “What we are presenting to the CIF is an adjustment to the decommissioning plan linked to an emissions target that we have to achieve,” said Neil Cole, a finance manager at the Project Management Unit, which is overseeing the JETP for South Africa, within the presidency.
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Indonesia says nickel reserves enough for expansion, despite moratorium call
Published: 08 May 24
Indonesia's nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners' group to curb construction of new smelters to ease a global glut.
Indonesia banned exports of nickel ore in 2020 to encourage domestic value addition, resulting in massive investment to produce nickel pig iron (NPI) and material for electric vehicle batteries.
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Cape Town adds new tech layer in fight against crime – Eye-in-the-Sky
Published: 08 May 24
Very early on in his term, Cape Town Mayor Geordin Hill-Lewis was told by law enforcement agencies that there could never be enough boots on the ground to fully combat violent crime and the drug trade in the city. What these agencies needed was for the local authority “to go all in” on technology, adding a new layer every time it becomes more widely available and increasingly affordable.
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Khan project exceeding Madison CEO’s expectations
Published: 08 May 24
Uranium exploration and development company Madison Metals CEO Duane Parnham has said the latest findings from the company’s Khan uranium exploration project at Madison West, in the Erongo uranium province of Namibia, have exceeded expectations. “We are on the cusp of something remarkable,” he said on May 7, following a recent visit to the site.
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Telecommunications to play a critical role in upcoming elections
Published: 08 May 24
As South Africa approaches its 2024 national elections, scheduled for May 29, telecommunications infrastructure will play a key role in ensuring seamless communication among voters, electoral bodies and all stakeholders involved in the electoral process, the Communication Risk Information Centre (COMRiC) said on Wednesday. “As we approach the elections, the need for secure and reliable communication channels cannot be overstated. These systems are the backbone of electoral transparency and efficacy,” said COMRiC CEO Advocate Thokozani Mvelase, stressing the importance of robust telecommunications security to facilitate a successful electoral process.
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South Africa appoints new Honorary Consul in the UK to promote trade
Published: 08 May 24
South Africa has appointed a new Honorary Consul in the UK, it was announced on Wednesday. An Honorary Consul serves to promote South African exports to the country (or a specific region within a country) in which he or she is based, act as contact person for visiting South African businesspeople, distribute general information on South Africa, and represent the country at receptions and other functions. The new Honorary Consul is businessman Bassim Haidar. Born in Nigeria, he is the founder of mobile financial services and fintech company Optasia, which is active in 30 countries. He also has agribusiness interests in South Africa.
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Panel highlights the urgency of climate change governance
Published: 08 May 24
A panel experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar hosted on April 17, 2024, by Creamer Media Webinars in collaboration with ESG Africa Conference. The session, which was moderated by ESG Africa Conference co-founder Wendy Poulton, provided insights into the evolving landscape of climate governance and the challenges and opportunities it presents.
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West Red Lake announces C$30m bought-deal offering
Published: 08 May 24
West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units.
The TSX-V-listed firm entered into an agreement with Raymond James as sole bookrunner to purchase 27.78-million units and 11.24-million charity flow-through units at C$0.72 per unit and C0.89 per charity flow-through unit.
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Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination
Published: 08 May 24
Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in Victoria street, George, on May 6. Employment and Labour Minister Thulas Nxesi has committed the Department of Employment and Labour (DEL) to undertake an Occupational Health and Safety Act investigation of the site once the rescue and recovery interventions have been completed.
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