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NEF, BBBEE Commission sign MoA to strengthen economic transformation
Published: 09 Dec 24
The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (BBBEE) Commission have formalised a partnership with the signing of a memorandum of agreement (MoA) at the NEF’s head office, in Sandton, on December 9. This agreement sets the foundation for enhanced collaboration between the two organisations, focusing on implementing and enforcing the BBBEE Act and promoting economic inclusion.
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Swedish, Danish funders invest in Southern African IPP
Published: 09 Dec 24
Sweden-based development financier SwedFund has partnered with Danish Investment Fund for Developing Countries (IFU) to accelerate renewable energy development in Southern Africa.
As a starting point, the institutions will invest $44-million of direct equity to support Sturdee Energy’s growth, which is focused on clean energy solutions in South Africa.
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PwC survey finds sub-Saharan CEOs are equally, if not more, focused on transformation
Published: 09 Dec 24
Consultancy PwC finds in its latest yearly global CEO survey that 81% of CEO’s in Africa took at least one action that greatly impacted on their company’s’ business model in 2023, compared with 76% globally.
“Our clients experience, including challenges and opportunities, across sub-Saharan Africa are similar to those being experienced by businesses globally. Business leaders are heeding the call to reinvent their business models to respond to these challenges, and this is reflected in the latest survey,” PwC says.
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OR Tambo International faces flight delays over refuel issues
Published: 09 Dec 24
Airlines at South Africa’s busiest airport are unable to refuel their aircraft, raising the possibility of renewed delays just two days after pilots at the state-owned carrier ended a strike. The OR Tambo International Airport east of Johannesburg is experiencing “refuelling challenges,” Airports Company South Africa said in an emailed statement on Monday. More delays would lead to renewed concerns about potential disruptions during the peak December travel season. The South African Airways Pilots Association on December 7 ended a three-day strike that caused the State-owned carrier to cancel about 60% of its flights. SAA has since resumed its normal schedule.
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Uber launches bakkie courier service in the South African market
Published: 09 Dec 24
Uber has launched a courier bakkie product offering to drivers and users of the Uber app in South Africa. This offering will see the ‘Uber Package’ service being rebranded as ‘Courier’, to align with the growing range of transportation services made available to users by independent contractors via the Uber app.
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Chery SA records best-ever sales in November
Published: 09 Dec 24
Chery South Africa (Chery SA) has celebrated its best-ever month in the domestic market, with sales for November exceeding the 2 000-unit mark. Last month, 2 006 Chery vehicles were sold in South Africa, with the imported Chinese brand placing seventh overall in the new-vehicle market.
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Paramount launches solution to improve border security in Africa
Published: 09 Dec 24
Aerospace and defence technology group Paramount, which was founded in South Africa but is now based in the United Arab Emirates, has launched its latest offering, intended to strengthen border security, particularly in Africa. This is the “Fusion Cell”. “We are deeply committed to supporting Africa’s journey towards enhanced border security,” affirmed Paramount Senior VP Eric Ichikowitz. “With decades of on-the-ground experience, we offer operationally relevant and cost-effective turnkey solutions supported by finance packages for governments, tailored to African threats. Our advanced surveillance systems, military vehicles, and specialised training programmes optimise performance in challenging environments. Through strategic partnerships, we are building a future of stronger, more secure African borders and foster long-term stability.”
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Agri trade poised to benefit from South Africa’s global positioning next year, but BRICS needs work
Published: 09 Dec 24
With the 2024/25 season expected to benefit from La Niña rains, solid exports having been reported in the year-to-date, food price inflation having come down to 2.8% in October and the Agribusiness Confidence Index having increased by ten points to 58 in the fourth quarter of the year, experts are optimistic that the agriculture sector will grow meaningfully in 2025. During a media day hosted by the Agricultural Business Chamber of South Africa (Agbiz) on December 6, CEO Theo Boshoff said the sector would benefit further from political stability effected by the Government of National Unity, progress with rail reforms, improved energy security and South Africa’s positioning within BRICS and in leading the Group of 20 (G20) next year.
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Ramaphosa reflects on government progress, notes slow pace of economic growth
Published: 09 Dec 24
President Cyril Ramaphosa pointed out on Monday that strengthening local government is the Government of National Unity’s key priority, noting disruptions in the supply of electricity and clean water in many districts. Ramaphosa wrote in his weekly letter to nation that many local councils are plagued by “poor governance, limited capacity and severe financial constraints”, all of which are affecting service delivery. He reflected on the progress government has made this past year and during the previous administration, which he said showed that it can overcome the difficulties the country is facing. Ramaphosa pointed out that the country has had over 250 days with no loadshedding, attributing this to a combination of increased maintenance and generation recovery by Eskom. He said this was also owing to the addition of more capacity to the grid from renewables, and the large-scale uptake of solar and battery energy solutions by households and businesses.
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Unitrans positive about govt, private-sector intervention amid transport crises
 Published: 09 Dec 24
Despite the deterioration of South Africa’s aging transport infrastructure and a challenging operating environment, end-to-end logistics and supply chain solutions provider Unitrans CEO Edwin Hewitt is hopeful about the future of supply chain management and logistics in South Africa, emphasising the value of data-driven decision-making. Hewitt is an advisor to Ian Bird, the senior executive responsible for the transport and logistics focal area at Business for South Africa (B4SA), an alliance of South African business leaders. B4SA, in turn, advises the National Logistics Crisis Committee established in June 2023 by government to address the country’s rail, port and road crises.
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Electricity 2024/25: Tariffs, renewables and transmission challenges
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Hinkley Point C nuclear power plant project, UK – update
Published: 12 Dec 24
Ilikwa solar PV plant, South Africa
Published: 06 Dec 24
Battery Energy Storage Independent Power Producer Procurement Programme – Bid Window 3, South Africa – update
Published: 06 Dec 24
State-owned power utility Eskom has sparked debate with its latest tariff proposal, resulting in uncertainties for solar power users.
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Cape Town service level plan is not a devolution agreement, warns PRASA
Published: 12 Dec 24
The recent Service Level Plan (SLP) signed between the Passenger Rail Agency of South Africa (PRASA) and the City of Cape Town is not a devolution...
Pan African advancing plans for another promising gold recovery project west of Joburg
Published: 12 Dec 24
A feasibility study on the Soweto Cluster gold recovery project, which like the highly successful Mogale Tailings Retreatment (MTR) is also on...
