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Joint report on the main roadmaps for aviation to reach net-zero emissions released
Published: 18 Apr 24
The ‘Aviation Net Zero CO2 Transition Pathways Comparative Review’, which is a joint initiative of the International Air Transport Association (IATA – the global representative body for the airline industry), the Air Transportation Systems Laboratory of the University College London, the Air Transport Action Group, the International Council on Clean Transportation, and the Mission Possible Partnership, has been released. This compares the 14 main roadmaps for aviation’s transition to net-zero ...
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Reserve bank to cut rates less than earlier thought in 2024 – poll
Published: 18 Apr 24
South Africa's central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking slightly longer to return to the Reserve Bank's comfort zone, a Reuters poll found. A cut of 25 bps to 8.00% next quarter, either in July or September, is expected from the Reserve Bank, according to a survey carried out in the past week, compared with 50 bps predicted in a March poll. The repo rate will finish the year at 7.75% instead of the 7.50% predicted last month if the central bank delivers another cut in November as the latest poll predicts. "We now forecast a more drawn-out, shallower easing cycle in South Africa," wrote Razia Khan, head of macro research for the region at Standard Chartered. Although inflation will likely dip below the mid-point of the central bank's target band in the fourth quarter it may ease hesitantly, Khan added. There will be a temporary dip in inflation in the last quarter of 2024 before it quickens again early next year, the poll showed.
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Africa’s oldest oil-rich dictatorship has a succession problem
Published: 18 Apr 24
Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail, where they remain. Both men, their families and their employer have declared their innocence. They were detained days after a South African court ordered the seizure of one of Equatorial Guinean vice-president Teodoro Nguema Obiang Mangue’s yachts. The two incidents are linked, said people familiar with the matter who declined to be identified due to the sensitivity of the situation. They described the arrests — the first involving foreigners in the country’s critical oil sector — as the latest example of the vice-president’s impulsive behavior, which threatens the long-term stability of the Central African state that has been ruled by his father for the past 45 years.
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Households remain under high interest rates chokehold
Published: 18 Apr 24
South Africa’s high interest rates continue to pressurise the finances of households amid the ongoing restrictive monetary policy stance by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB). The latest Altron FinTech Household Resilience Index (AFHRI) shows that, over the past two years, the country’s benchmark prime lending rate has been raised consistently to almost 12% – the highest level in 14 years.
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Report questions role of CCUS in steel decarbonisation
Published: 17 Apr 24
A new report by the Institute of Energy Economics and Financial Analysis (IEEFA) has shown that carbon capture use and storage (CCUS) is unlikely to play a major role in steel decarbonisation despite support for the technology at the 2023 COP28 climate conference. Direct reduced iron- (DRI-) based steelmaking, which can run on green hydrogen, is gaining momentum in the steel sector, the institute points out.
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South Africa needs 13 GW of gas-to-power capacity – more than the IRP envisions
 Published: 17 Apr 24
Standard Bank head of Southern Africa’s oil and gas coverage Paul Eardley-Taylor has suggested that South Africa needs 13 GW of gas-to-power (GtP) capacity, rather than the 7.2 GW to 8.6 GW outlined in the draft Integrated Resource Plan 2023. Speaking at mine ventilation solutions developer Howden’s Technology Day, hosted at Mintek, in Johannesburg, on April 17, he explained that this calculation was made by considering the need to overcome Stage 6 or even Stage 7 loadshedding, when Stage 6 was being regularly achieved, as well as ensure a 15% reserve margin for winter peak demand.
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A 30% increase in whole grain adoption can reduce carbon emissions by 120Mt - BCG finds
Published: 17 Apr 24
A report published by global consultancy Boston Consulting Group (BCG) finds that, with thoughtful and gradual changes to how wheat is grown, processed and consumed, the food system can be transformed to be more nutritional.
With grains, in particular, including wheat, corn and rice, most nutrients are stripped during refining and contributes to various diet-related diseases. The way grains are currently produced also have a negative impact on the environment, the consultancy states.
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CSIR joins international science community to improve understanding of ocean metabolism
Published: 17 Apr 24
The Council for Scientific and Industrial Research (CSIR) has recently joined a new global research programme focused on improving understanding of the future state of the oceans under various climate change scenarios. Led by CSIR principal researcher Dr Tommy Ryan-Keogh, the programme, titled BioGeoSCAPES, includes participation by over 30 countries.
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IWMSA stresses importance of combatting plastic pollution
Published: 17 Apr 24
Amid an increasing need to combat plastic pollution, the Institute of Waste Management of Southern Africa (IWMSA) highlights the need for concerted efforts to combat plastic pollution in South Africa. IWMSA president Mpendulo Ginindza notes that the plastic economy in South Africa is based on a linear model of “take-make-waste”, leading to significant environmental consequences.
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Joburg Water showcases its reservoirs
Published: 17 Apr 24
Johannesburg Water has showcased some of the various reservoirs and systems that supply the City of Johannesburg with water. The water utility also outlined the challenges in operating the systems that feed the economic hub with the critical resource. Natasha Odendaal has the story.
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Hydrogen 2024: Implementation crucial going forward
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HySHiFT sustainable aviation fuel project, South Africa – update
Published: 19 Apr 24
Natrium reactor demonstration project, US – update
Published: 19 Apr 24
Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
Copper needs to reach $12 000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham,...
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
Published: 25 Apr 24
Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year...
BHP approaches Anglo American with buyout proposal
Published: 25 Apr 24
Mining heavyweight Anglo American on Thursday confirmed that it had received an unsolicited, nonbinding takeover proposal from commodities rival...
