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Govt has ‘gone a long way’ towards allaying fears of future looting in KZN – Toyota
Published: 30 Jul 21
Toyota South Africa Motors (TSAM) has confirmed the authenticity of a letter from its head office in Japan to Durban mayor Mxolisi Kaunda, dated July 15, requesting that local government set out its proposed measures to stop the widespread looting seen in KwaZulu-Natal earlier this month, as well as the steps to be taken to rebuild the economy. The letter is signed by Toyota Motor Corporation (TMC) Africa Support Division GM Toshimitsu Imai.
Image of Boliden Minerals' Garpenberg mine in Sweden Garpenberg mine, Sweden
Published: 30 Jul 21
A polymetallic mine in Hedemora municipality, Sweden.
Photo of Presidential Climate deputy chair Commission Valli Moosa speaking during a green hydrogen webinar Use COP26 to position South Africa as destination of choice for rapid decarbonisation investment – Moosa
Published: 29 Jul 21
Deputy chair of South Africa’s Presidential Climate Commission (PCC) Valli Moosa has presented an upbeat assessment of the country’s ability to position itself as a preferred global destination for foreign and domestic decarbonisation investment. Speaking during a hydrogen-focused webinar on Thursday, Moosa warned that South Africa’s prevailing high carbon intensity had the potential to undermine its long-term competitiveness as countries and companies became increasingly climate-conscious and sought to restrict trade in carbon-heavy products.
UK awards contract for next phase of development of its Tempest future fighter programme
Published: 29 Jul 21
UK-based global major aerospace and defence group BAE Systems (BAES) announced on Thursday that it had been awarded a £250-million contract by the UK Ministry of Defence (MOD) to further advance the design and development of the country’s Tempest Future Combat Air System (FCAS). The signing of this contract marks the formal initiation of the concept and assessment phase for Tempest. The FCAS is being developed by a group of UK companies and UK subsidiaries of major Western aerospace and defence enterprises, collectively known as Team Tempest. These are BAES itself, Rolls-Royce, Leonardo UK and MDBA UK, plus experts from the UK MOD. Tempest is expected to become operational in the mid-2030s.
Recovery in air passenger demand remains weak, reports Iata
Published: 29 Jul 21
Air passenger demand remains well below the levels experienced before the Covid-19 pandemic, although there has been a minor improvement in both international and domestic air travel numbers, the International Air Transport Association (Iata) reported on Wednesday. Iata is the representative body of the global air transport industry. Iata expressed disappointment at the latest data. The low demand levels were, it noted, due to continuing restrictions on international travel, imposed to try and contain the pandemic.
Global air transport body reports continued strong air cargo demand
Published: 29 Jul 21
During the first half of this year (1H21), the global air cargo market recorded its strongest semester of growth since 2017. This was reported by the International Air Transport Association (Iata), the representative body of the global airline and air cargo industry, when it released, on Wednesday, its latest data on the sector. During 1H21, air cargo grew 8% globally, year-on-year. In 2017, it had registered a year-on-year growth of 10.2%. “Air cargo is doing a brisk business as the global economy continues its recovery from the Covid-19 crisis,” highlighted Iata director-general Willie Walsh. “With first half demand 8% above pre-crisis levels, air cargo is a revenue lifeline for many airlines as they struggle with border closures that continue to devastate the international passenger business. Importantly, the strong first-half performance looks set to continue.”
GEPF, Menlyn Maine merger gets Tribunal go-ahead
Published: 29 Jul 21
The Competition Tribunal has approved the proposed merger between the Government Employees Pension Fund (GEPF) and Menlyn Maine Investment Holdings (MMIH). The transaction will see the GEPF gaining sole control over MMIH’s undivided share of Redevelopment Erf 3 and its share of the rental enterprise known as Central Square, within the Menlyn Maine precinct, in Pretoria.
Nearly a quarter of Sibanye’s South African employees now vaccinated
Published: 29 Jul 21
JSE- and NYSE-listed Sibanye-Stillwater has vaccinated just over 8 500 of its South African employees in the last week, bringing the total number of vaccinated employees to 18 500. About 23% of the company’s 80 000-strong workforce in South Africa are now vaccinated.
IBM's $1bn investment in partner ecosystem to accelerate digital transformation of businesses
Published: 29 Jul 21
Information technology (IT) multinational IBM has started a new technology unit that encompasses all its brands and technology community, placing its business partners at the forefront of the goal to provide client organisations with access to integrated technology teams to solve their challenges and advance their digital transformation, says IBM Southern Africa technology executive Craig Holmes. As announced by IBM CEO Arvind Krishna in January, the company will invest $1-billion in its partnership ecosystem, which is central to its growth strategy, to help partners and their customers capture the estimated $1-trillion hybrid cloud market opportunity. Its corporate strategy is focused on two major forces driving change for business, namely open hybrid cloud and artificial intelligence (AI).
Picture for presentation of results July 2021 Anglo on trajectory towards becoming minerals solutions provider Has Video
Published: 29 Jul 21
Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is now about the sustainable delivery of value for all of its stakeholders. (Also watch attached Creamer Media video.)
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