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Many households in informal settlements remain unelectrified

Salga energy head calls for post-election review of free basic electricity scheme

Published: 14 May 24

The head of energy at the South African Local Government Association (Salga) has called for a review of both the size of the free basic electricity (FBE) allocation as well as the way the grant is assigned, arguing that many indigent households are currently not benefiting from the scheme as intended. Speaking during a roundtable discussion on South Africa’s electrification programme as part of government’s ongoing activities to mark 30 years of democracy, Nhlanhla Ngidi described the current monthly allocation of 50 kWh as “minute” and well below the 300 kWh to 400 kWh that poor households were typically consuming.

LDV to launch bakkie, SUV, MPV and panel van ranges in SA

Published: 14 May 24

Chinese car maker LDV has confirmed that its full range of passenger and commercial vehicles have been given the go-ahead for introduction in the South African market. The company is part of the SAIC automotive group.

The Mandela Peace Prize coin placed underneath the keel

Construction of new TNPA multipurpose vessel kicks off

Published: 14 May 24

A keel-laying ceremony has marked the beginning of construction of a new multipurpose vessel that will increase the marine fleet availability for Transnet National Ports Authority (TNPA) in Cape Town. As the first milestone in the history of a ship, the keel-laying ceremony marks the laying of the large beam around which the hull of the ship will be built.

An image of Octodec's HealthConnect building

Octodec grows interim retail income despite challenging conditions

Published: 14 May 24

JSE-listed real estate investment trust Octodec Investments achieved income growth of 3.1% for the six months ended February 29, largely driven by higher rentals in its residential portfolio. Rental income for the period was just over R1-billion, compared with R974.2-million in the first half of the 2023 financial year.

UK creating regulatory framework for nuclear fusion plants – simpler, easier, than for fission

Published: 14 May 24

The UK Government has initiated the consultation process for its proposed policy to regulate the siting of commercial nuclear fusion reactors in England. (Siting policies for Scotland, Wales and Northern Ireland are the responsibility for their respective devolved regional governments.) The UK Department for Energy Security & Net Zero has done so by publishing a document, 'Consultation on a new National Policy Statement for Fusion Energy – The proposed approach to siting fusion energy facilities'. This follows the passing, by the UK Parliament last year, of the world’s first legislation (the Energy Act) to regulate commercial nuclear fusion power plants. These steps reflect the rapid scientific, technological and engineering progress now being made in the field of nuclear fusion.

Mineral Resources Minister Gwede Mantashe

Mantashe warms to Anglo plan after opposing BHP bid

Published: 14 May 24

South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches from BHP Group. “It is their strategy and they must do anything that will optimize value,” Mines Minister Gwede Mantashe said by phone.

All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers

Published: 14 May 24

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping its portfolio to consist of copper in Peru and Chile, top-quality iron-ore in South Africa and Brazil, and the opportunity presented by the crop nutrients project in the UK.

Korea Zinc sees US opportunities as it targets big copper growth

Published: 14 May 24

The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy. Korea Zinc, which also processes nickel, is looking to increase its copper production to 150 000 t/y by 2028 from around 30 000 t in 2023, chairman Yun Choi said in an interview in New York.

Two dead, one missing after tremor damages Polish coal mine

Published: 14 May 24

Two miners were killed in southern Poland and one remained trapped underground after an overnight tremor caused a partial collapse in a section of the Myslowice-Wesola mine, the mine's owner said on Tuesday. The tremor occurred 870 m underground.

Well testing ahead of gas flow to the generator

Kinetiko thrilled with successful onshore gas-to-power demonstration in South Africa

Published: 14 May 24

ASX-listed Kinetiko Energy has successfully demonstrated that it can produce gas-to-power (GtP) from an onshore natural gas resource at its Amersfoort project, in Mpumalanga, South Africa. The company is focused on developing an energy transition solution for South Africa focused on commercialising advanced shallow conventional gas projects in the country's Mpumalanga, Free State and KwaZulu-Natal provinces.