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Delayed coal decommissioning won’t ‘collapse our climate commitments’
Published: 27 May 24
The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations on the country’s Nationally Determined Contribution (NDC), which outlines the country’s decarbonisation goals. Eskom confirmed recently that Cabinet and board permission had been granted for the continued operation of the three power stations beyond their original decommissioning dates, owing to the ongoing shortage of supply and delays in adding new generation.
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Delayed coal decommissioning won’t ‘collapse our climate commitments’
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Internal digital content serves as repository of truth for AI in companies – Hyland
Published: 27 May 24
The current focus for businesses is to automate the ingestion and use of content, and to use the advent of AI to analyse it and create business value, Hyland Europe, Middle East and Africa associate VP for sales Jean van Vuuren has said. To ensure AI and generative AI (genAI) solutions generated content that could be trusted, knowing where the enterprise data was being sourced and its quality and security were important, he added during the Hyland Summit for clients and partners on May 16, in Houghton, Johannesburg.
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Internal digital content serves as repository of truth for AI in companies – Hyland
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Multimodal Inland Port Association launched
Published: 27 May 24
The Multimodal Inland Port Association (MIPA), which seeks to address a critical need in South Africa’s logistics landscape, was launched in South Africa last week. The association aims to act as the unified voice for inland ports across the nation, focusing on promoting, supporting, and advocating for the increased movement of cargo from road to rail.
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Multimodal Inland Port Association launched
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Wheeling progressing in South Africa, the rest of Africa
Published: 27 May 24
The use of national electricity grids to wheel power from renewable-energy projects to demand centres is growing in Africa and helping to drive greater scale in the building of renewable-energy generation, says private equity investment group African Infrastructure Investment Managers (AIIM) investment principal Anyababa Ikem. Strides were being made to increase the ability of renewable-energy players, such as the projects AIIM invests in, to wheel power across infrastructure on the continent, he added during a May 24 briefing held by the company to showcase some of the $900-million worth of investments it had made into renewable-energy projects in Africa, to date.
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Wheeling progressing in South Africa, the rest of Africa
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Labour department, IDC launch round two of the Innovation Fund
Published: 27 May 24
The Department of Employment and Labour, in partnership with the Industrial Development Corporation (IDC), has announced the launch of the second round of the National Pathway Management Network’s (NPMN’s) Innovation Fund, an initiative of the Presidential Youth Employment Intervention (PYEI). The fund is focused on supporting interventions that stimulate demand for labour, reducing barriers that hinder labour market entry and facilitating links to appropriate opportunities.
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Labour department, IDC launch round two of the Innovation Fund
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Nordex Energy South Africa progresses impactful internship programme
Published: 27 May 24
Original-equipment manufacturer Nordex Energy South Africa (Nesa) is progressing well with an internship programme for promising young engineers and technicians across three provinces. The programme, which was launched in November last year, aims to build a skilled pipeline of technicians in the wind sector, which is crucial for achieving the country’s energy transition goals.
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Nordex Energy South Africa progresses impactful internship programme
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Just Share unhappy that its question was not addressed at AMSA’s AGM
Published: 27 May 24
Nonprofit activist organisation Just Share has accused ArcelorMittal South Africa (AMSA) of sub-par AGM governance because the chairperson closed the company’s AGM on May 24 before addressing a question posed by the nonprofit. “This is surprising given the high levels of civil society engagement at its AGMs in recent years,” Just Share said on May 27, while noting that this was the first AMSA AGM it had attended.
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Just Share unhappy that its question was not addressed at AMSA’s AGM
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Barloworld profit dips as slowdown in local mining industry takes its toll
Published: 27 May 24
Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March 31, Sewela said on Monday that Barloworld’s domestic operations had had to contend with a constrained local macroeconomic environment, inflationary cost pressures, as well as relatively higher borrowing costs affecting both businesses and households.
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Barloworld profit dips as slowdown in local mining industry takes its toll
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South African food inflation continued a downward trend in April
Published: 27 May 24
In April, for the second month in a row, year-on-year (y-o-y) South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to as food inflation, for short) ran at a rate below that for consumer price index (CPI) headline inflation, the Bureau for Food and Agricultural Policy (BFAP) has reported. April was also the fifth consecutive month which recorded a decline in food inflation. The food inflation rate in April was 4.7%, while that for CPI headline inflation was 5.2%. Food inflation contributed 0.9 percentage points to CPI headline inflation in April. (Y-o-y food inflation in March had been 5.1%.) In month-on-month (m-o-m) terms, food inflation in April was 0.2%, whereas CPI headline inflation was 0.3%. Food inflation contributed zero percentage points to the m-o-m headline figure.
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South African food inflation continued a downward trend in April
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bp, Shell agree to sell Sapref land, associated assets to the CEF
Published: 27 May 24
Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund (CEF). The sale includes SDSA and bpSA’s interests in the Sapref land and other associated assets, which includes tanks, process units, pipelines to and from Sapref to Island View terminal, and the Single Buoy Mooring for crude imports.
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bp, Shell agree to sell Sapref land, associated assets to the CEF
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Published: 24 May 24
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Peripheral ring road, Peru
Published: 24 May 24
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Barrick's Porgera mine in PNG operating without restriction after landslide
Published: 27 May 24
The Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold said on Monday,...
Giyani looking to appoint directors with EV battery, financing expertise
Published: 27 May 24
TSX-V-listed, Botswana-focused Giyani Metals is streamlining its board of directors as it transitions into a manganese battery metals producer....
