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Quantum makes a play for Lincoln
Published: 09 Aug 22
Junior metals explorer Lincoln Minerals has become the target of an off-market takeover bid from fellow-listed Quantum Graphite. Quantum Graphite on Tuesday lodged a bidder’s statement offering 1 of its own shares for every 40 Lincoln shares held. The offer implied a value of 1.02c a share for each Lincoln share held, and represented a more than 30% premium to Lincoln’s most recent share price.
Eskom head office at Megawatt Park Eskom makes case for major overhaul of retail tariff structure in submission to regulator Has PDF
Published: 08 Aug 22
Eskom has submitted a tariff restructuring application to the National Energy Regulator of South Africa (Nersa) in which the utility is proposing a major overhaul of the prevailing retail tariff structure, including a separation of energy, network and service charges and the introduction of dynamic time-of-use pricing. The application was submitted on August 5 and Eskom is requesting that it be implemented on April 1 next year, together with any adjustments to the tariff rate arising from the regulator’s parallel adjudication of its latest multiyear price determination (MYPD) application,
Africa uniquely positioned to be a major player in climate actions
Published: 08 Aug 22
Africa is uniquely positioned to become a major player in global climate actions because it contains 60% of the globe’s arable land, has highly diverse and unique ecosystems, and has significant potential for renewable energy that arises from the abundance of wind and sunlight across the continent, as well as the space to house wind and solar farms. These factors were noted by Ghana’s Kwame Nkrumah University of Science and Technology plant ecologist Dr Mohammed Armani during a webinar that forms part of the Tipping Points series, which focuses on topical discussions on issues affecting development and the environment in Africa, hosted by the Oppenheimer Generations Research and Conservation (OGRC).
An photo of a potholed road in South Africa Sanral-led programme aims to put an end to potholes in six months
Published: 08 Aug 22
Following the August 7 launch of the South African National Roads Agency Limited- (Sanral-) led Vala Zonke programme, which aims to tackle the thousands of potholes on roads across the country, Sanral engineering executive Louw Kannemeyer has told Engineering News the hope is to deal with most of the existing potholes within six months. “The immediate focus is the repair of open potholes, because that is what is damaging tyres, rims and causing accidents. We are hoping to move into the preventive maintenance phase in six months from now,” he added on August 8.
OneLogix warns of up to 80% y/y decrease in earnings a share
Published: 08 Aug 22
JSE-listed logistics company OneLogix has advised its shareholders to expect a drop of between 60% and 80% year-on-year in earnings a share to between 2.5c and 5c for the financial year ended May 31. Similarly, headline earnings per share (HEPS) are also expected to decrease by between 55% and 75% year-on-year to between 2.8c and 5c.
PTV Group, SU strengthen partnership for intelligent transport, traffic systems
Published: 08 Aug 22
German traffic and transportation, mobility and logistics software and consulting services company PTV Group will support research and development at the Stellenbosch University (SU) Smart Mobility Laboratory with its software solutions for transportation modelling and simulation. The partners will also collaborate closely on mobility and intelligent transport system projects, and have signed a memorandum of understanding to underpin their joint commitment to innovation in smart and sustainable mobility.
Logicalis acquires UK consultancy
Published: 08 Aug 22
Information and communications technology multinational Datatec subsidiary Logicalis UK&I has acquired UK information technology (IT), data management, data protection, compliance and information security consultancy Q Associates. "The acquisition adds complementary capabilities to Logicalis UK&I's core expertise in digital infrastructure, networking and cloud, enabling a broader portfolio of best-in-class solutions and services for customers operating in the digital-enabled world," Datatec said on August 8.
King Shaka International upgrading its parking management system
Published: 08 Aug 22
  The King Shaka International Airport is upgrading its parking management system and expects the upgrade to be complete by October.
De Lille welcome SIU investigation into five DPWI projects
Published: 08 Aug 22
On August 5, the Special Investigating Unit (SIU) announced that it had received the green light to investigate five contracts under the Department of Public Works and Infrastructure (DPWI). The probe will cover tenders related to contracts for work on official accommodation and refurbishment of residences, Marks Building renovations and refurbishments to the 90 Plein street building in the Parliamentary Precinct.
US Africa strategy stresses China, Russia threats
Published: 08 Aug 22
The United States released a new strategy document for sub-Saharan Africa on Monday, stressing the region's importance, the threats posed by China and Russia, and vowing to extend defense cooperation with like-minded African countries. "The United States has an abiding interest in ensuring the region remains open and accessible to all, and that governments and publics are able to make their own political choices, consistent with international obligations," the White House document said. It expands on a November speech by US Secretary of State Antony Blinken first laying out the Biden administration's approach to Africa. Its release comes as Blinken is in South Africa and visiting two more African countries this week. In November, Blinken said Washington would have to do things differently to help Africa with its infrastructure needs and it was time to stop treating the continent as a subject of geopolitics and rather as a major player on its own.
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