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Power line and substation NamPower grid-strengthening and battery storage project secures $138.5m World Bank backing
Published: 07 May 24
The World Bank has approved a $138.5-million finance package to support the integration of renewable energy into Namibia’s electricity system by strengthening its transmission grid and integrating a second utility scale battery storage system into the country’s network. The initiative, which is Namibia’s first-ever World Bank financed energy project, will be implemented by NamPower, with the aim of minimising outage risks, supporting load growth, and unlocking future opportunities for power trade in the Southern African Power Pool.
An Amazon branded package Amazon launches online shopping service in South Africa
Published: 07 May 24
Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said in the past.
MTN achieves record 98% network availability in Limpopo
Published: 07 May 24
As telecommunications giant MTN South Africa accelerates its nationwide modernisation programme, the company has achieved a record 98.33% network availability daily in Limpopo. The 2024 resilience plan, which was completed in the first quarter of 2024, aims to ensure that all sites have power backup, such as batteries or hybrid generators, on hub sites to minimise network unavailability during loadshedding, load reduction and extended power failures.
Rescue workers at the site of a building collapse in George, in the Western Cape Dozens trapped in building collapse in South Africa
Published: 07 May 24
Rescuers searched through the debris of a multi-storey building collapse in the South African city of George that left four people dead and dozens still trapped early on Tuesday. Twenty-four construction workers who were at the site of the unfinished building when it collapsed have been removed from the rubble so far, while 51 remained unaccounted for, the municipality of George, a coastal city east of Cape Town, said in a statement.
Denel displays guided weapons, landward defence systems at Defence Service Asia
Published: 06 May 24
State-owned defence technology company Denel is displaying its guided weapons and landward defence systems at the Defence Service Asia (DSA) exhibition this week. Its Umkhonto surface-to-air missile can be launched from naval vessels or ground-based launchers. It travels at more than twice the speed of sound, can be configured to carry up to eight missiles and can reach simultaneous targets.
Business Leadership South Africa CEO Busisiwe Mavuso Coordinated, rapid plan needed to avoid ‘gas cliff’ – Mavuso
Published: 06 May 24
In her latest weekly newsletter, Business Leadership South Africa CEO Busisiwe Mavuso warns that South Africa could face a “gas cliff” when the supply of gas to industrial users ceases in 2026. In the May 6 newsletter, she says this is a crisis for businesses that collectively employ 70 000 people and generate R500-billion a year for the economy and argues that this crisis can only be avoided with a coordinated and rapid plan between business and government.
Shell to exit South Africa's downstream businesses
Published: 06 May 24
Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday. "As a result of this review, Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in SDSA ... this decision was not taken lightly," a Shell statement said. It did not specify when the decision took effect.
Eskom logo Eskom takes City Power to court over R1bn debt
Published: 06 May 24
State power utility Eskom has said it has "no choice" but to approach the Johannesburg High Court to force City Power to pay just over R1-billion in unpaid debt. Eskom noted that City Power began to default on payments in October 2023 and that it did not receive any payment for March, this year.
Telkom set to support 2024 elections
Published: 06 May 24
Telecommunications group Telkom is preparing to support South Africa’s upcoming national elections as the information and communications technology partner to the Independent Electoral Commission (IEC). South Africa’s 2024 elections are set to be held on May 29.
Image of a Suzuki Swift badge New-vehicles sales gain 2.2% after eight months of decline; Suzuki swoops into second place
Published: 06 May 24
New-vehicle sales have finally moved into positive territory following eight gruelling months of decline. Not all market segments experienced growth, however.
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