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Globeleq appoints Hoffman interim CEO
Published: 29 Apr 24
Independent power company Globeleq has appointed Jonathan Hoffman interim CEO, effective end-June.
He has been chief development officer of the company since 2020 and will be succeeding Mike Scholey as CEO once he steps down.
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Airbus announces its next generation of Earth observation satellites
Published: 29 Apr 24
Airbus Defence and Space, part of the Europe-based global major aerospace group Airbus, has announced that it is to augment its in-house Earth observation (EO) satellite constellation capability through the development and deployment of the next generation of its Pléiades Neo satellites. Prosaically designated Pléiades Neo Next, the first of the new satellites will be launched in the “next few years”, in Airbus’ words. “The Pléiades Neo Next programme builds on the success of our existing Pléiades Neo constellation which serves government and commercial customers around the world,” affirmed Airbus Defence and Space executive VP connected intelligence Karen Florschütz. “This new programme will further enhance our standard of excellence in terms of quality, performance, and reliability to deliver images as well as geo-intelligence services and applications.”
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Rand Refinery donates R2m to seven Gauteng schools
Published: 29 Apr 24
As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be allocated towards refurbishments at, and procurement of modern educational tools by, the selected schools.
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Astral to post 465% rise in earnings as operations normalise
Published: 29 Apr 24
Integrated poultry producer Astral Foods has advised that its earnings per share (EPS) for the six months ended March 31 will increase by between 465% and 475% year-on-year.
This will result in interim EPS of between 913c and 930c apiece, compared with EPS of 162c in the first half of the prior financial year.
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Eskom warns political parties against placing posters on electrical structures
Published: 29 Apr 24
Ahead of the upcoming May 29 elections, State-owned power utility Eskom has cautioned all political parties against the “dangerous practice” of placing election posters on electrical structures. The utility said in the past there had been incidents of electrocution whilst posters were being put up, which it said contravened the Occupational Health and Safety Act. Eskom warned of an inadvertent flash-over or electrical contact and said this could cause serious injuries and even be fatal. “As such, Eskom would like to caution all political parties against the dangerous practice of placing campaign posters on electrical structures. This includes electricity poles, electricity towers, meter boxes and mini substations,” the utility stated. Only authorised personnel are allowed to climb or work on the electrical structures, it pointed out.
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Draft Gas Master Plan released amid supply ‘cliff’ warnings
 Published: 29 Apr 24
South Africa’s much-delayed draft Gas Master Plan (GMP2024) has been released for public comment by Mineral Resources and Energy Minister Gwede Mantashe, amid indications that the gap between demand and supply will grow steeply from 2026 onwards when Sasol ceases to supply Gauteng and KwaZulu-Natal industrial customers with gas imported from Mozambique. The document includes four scenarios, including a base case that shows that gas demand will far exceed supply in the short term and that the gap, which has been described as an anticipated ‘gas cliff’, will worsen as demand grows.
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African leaders seek record World Bank financing to combat climate change
Published: 29 Apr 24
African leaders on Monday called for rich countries to commit record contributions to a low-interest World Bank facility for developing nations that they rely on to help fund their development and combat climate change. Donors will make their cash pledges to the International Development Association, a World Bank institution that offers loans with low interest rates and long tenures, at a conference to be held in Japan in December. "We call on our partners to meet us at this historic moment of solidarity and respond effectively by increasing their IDA contributions... to at least $120-billion," Kenya's President William Ruto told a meeting of African leaders and the World Bank to discuss IDA funding. African economies were facing a "deepening development and debt crisis that threatens our economic stability, and urgent climate emergencies that demand immediate and collective action for our planet's survival," Ruto said. He cited Kenya's own devastating floods and a severe drought affecting Southern African nations such as Malawi. If the donors pledge the minimum amount suggested by African leaders, it will be a new high after the last round of fundraising in 2021, which raked in $93-billion.
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Mavuso encouraged by restored business, govt relations following turbulent Zuma reign
Published: 29 Apr 24
Ahead of South Africa’s national elections on May 29, Business Leadership South Africa CEO Busi Mavuso says regardless of changes to government, the facts of what businesses need to thrive do not change.
She expresses confidence, in her latest weekly newsletter, about the country realising its potential in the next 30 years, following a divided prior 30-year era of remarkable transformation and growth but also much regression economically and in terms of State institutions.
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MTN SA launches Made4U career portal Skillsbox to empower job seekers
Published: 29 Apr 24
Telecommunications giant MTN South Africa has launched a new portal to assist unemployed South Africans on their job seeking journeys. The new Made4U career portal Skillsbox offers a comprehensive suite of resources on a user-friendly website and mobile platform designed to empower job seekers.
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Transnet aims to defend its decision to partner with ICTSI at the DCT
Published: 29 Apr 24
State-owned Transnet has defended its decision to select Phillipines-based International Container Terminal Services Inc (ICTSI) as the preferred bidder for the establishment of a partnership to manage the upgrade and development of Pier 2 at the Durban Container Terminal (DCT). Following the selection of the preferred bidder, Transnet has entered into contract negotiations with ICTSI.
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
A panel of experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar...
Yearly Air Force show promises 'mini-war', aircraft displays
Published: 30 Apr 24
The South African Air Force (SAAF) Museum Annual Airshow will be held on May 4 at the Air Force Mobile Deployment Wing (AF MDW) alongside Old...
Decarbonisation investment while paying carbon tax is impossible, says AMSA's Verster
Published: 30 Apr 24
Paying billions of rands in carbon tax while simultaneously investing in decarbonisation efforts is impossible, steel maker ArcelorMittal South...
