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PRASA places three executives on special leave
Published: 22 May 19
The Passenger Rail Agency of South Africa (PRASA) has placed the company’s chief strategy offer Dr Sipho Sithole; its legal, risk and compliance head Martha Ngoye and its group CEO Tiro Holele on special leave. The decision follows ongoing investigations into allegations of improper, irregular, corrupt, and fruitless as well as wasteful expenditure by various employees of PRASA at all levels of the organisation.
Minerals Council welcomes safety improvements, but warns of continuing policy concerns Minerals Council welcomes safety improvements, but warns of continuing policy concerns
Published: 22 May 19
The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety performance across the mining industry had been achieved.
Hidroeléctrica de Cahora Bassa announces IPO
Published: 22 May 19
Hidroeléctrica de Cahora Bassa (HCB), the Mozambican concessionaire of the Cahora Bassa hydroelectric plant, has announced the launch of its initial public offering (IPO) for up to 7.5% of its shares to individual Mozambican nationals and collective national investors. The IPO will see a first tranche of 2.5% of its shares becoming available on the Bolsa de Valores de Moçambique.  
Digital innovation outside of the ‘factory’ needed for manufacturing success – tech advisory
Published: 22 May 19
The Fourth Industrial Revolution (4IR) is blurring the boundaries between how people traditionally see an organisation and what people call a “factory” in the first place, says technology advisory company On-a-Cloud CEO Geoff Scott. During a seminar at the Local Manufacturing Expo, in Johannesburg, on Wednesday, he discussed how intelligent factories can be established.
Nersa to host workshop to clarify licensing process for small-scale power plants Nersa to host workshop to clarify licensing process for small-scale power plants
Published: 22 May 19
The National Energy Regulator of South Africa (Nersa) says it will, in due course, host a stakeholder workshop in order to provide clarity on the processes it will follows, as well as information it requires, in order to register or licence small-scale embedded generators (SSEGs). In a statement issued on Wednesday, the regulator officially confirmed that it had received a letter from Energy Minister Jeff Radebe on May 2, granting a deviation from the existing Integrated Resource Plan (IRP) 2010-2030 for the licensing of generation facilities between 1 MW and 10 MW in size.
New study proves penguins are key indicators of ocean health
Published: 22 May 19
A new study has proven that African penguins benefit when there is a greater abundance of fish available and it can be used to inform fisheries management in future. The three-year study looked at a colony on Robben Island during a period when the area was closed to commercial fishing and monitored the health of the birds as well as the effects on the surrounding fish populations.
SACPCMP calls on construction industry to avoid being timid
Published: 22 May 19
The South African Council for the Project and Construction Management Professions (SACPCMP) has called on the South African construction industry to avoid being timid. In an address at Construction Industry Conversations forum, held last week, SACPCMP registrar Butcher Matutle encouraged the industry to “rise from the quagmire of despondency and do battle for our space and sphere of influence”.
TNPA to review hull cleaning permits
Published: 22 May 19
The Transnet National Ports Authority (TNPA) intends to introduce in-water hull cleaning at South African ports in an effort to stringently manage biofouling, where marine organisms attach themselves to the hull of a ship and niche areas, potentially spreading alien and invasive species across borders. This is aimed at better managing biodiversity, improving fuel efficiency and reducing carbon emissions.
BP bosses get public grilling on climate from largest investors
Published: 22 May 19
BP lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. On Tuesday, investors large and small grilled BP’s chairperson Helge Lund and CEO Bob Dudley for over two hours on the company’s plans to tackle climate change and its preparation for the energy transitions. It became so intense at times that a security team had to remove protesters screaming “this is a crime scene.”
Eskom keeps investors in the dark as debt speculation mounts
Published: 22 May 19
As speculation swirls about plans to deal with Eskom Holdings’ crippling debt load, one group of stakeholders hasn’t been consulted – owners of the company’s R243-billion of bonds. South Africa’s State-owned power utility is groaning under almost R500-billion of bond and loan debt, according to data compiled by Bloomberg, and isn’t selling enough electricity to cover its operating and borrowing costs. While it’s already been given a three-year, R69-billion bailout by the government, the company had to ask for emergency funding last month to remain solvent.
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