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An image of industrial equipment Fog fluid product highlighted to prevent corrosion
Published: 19 Apr 24
Global corrosion protection company Cortec Corporation highlights that its CorroLogic VpCI-339 fogging fluid is fast, effective and convenient in addressing the challenges of void and corrosion in equipment, piping and structures. This fogging fluid protects void spaces, complex internal cavities, double wall spaces, pipes, heat exchangers and modules, and can be applied within the transportation and deep storage of key assets.
New-vehicle sales plummet 11.7% in March, extending months-long slide
Published: 19 Apr 24
New-vehicle sales plummeted by 11.7% in March, to 44 237 units, compared with the same month last year. Sales for the first quarter of the year are now 5.3% below the same period last year.
GAC Motor joins inflow from China
Published: 19 Apr 24
China’s GAC Motor has appointed Salvador Caetano Auto as the distributor and retailer of GAC vehicles, spare parts and related services in South Africa (SA). GAC Motor is a subsidiary of the State-owned GAC Group, and was founded in 1997. The brand joins a rapidly growing number of Chinese vehicles on sale in South Africa.
South Africa to keep anti-dumping duties on chicken imports from US
Published: 18 Apr 24
South Africa’s trade minister approved a recommendation to maintain anti-dumping duties on frozen bone-in chicken portions originating in or imported from the US. Following an investigation that started in December 2022, the International Trade Administration Commission of South Africa, known as ITAC, concluded that the expiry of duties on these poultry portions would likely lead to the continuation or recurrence of dumping, and material injury to the chicken industry in the Southern African Customs Union, according to a Government Gazette Notice.
Norwegian airline to start low-cost London-Cape Town service in six months
Published: 18 Apr 24
Norwegian long-haul but low-cost carrier Norse Atlantic Airways announced on Thursday that it was going to launch flights between London, in the UK, and Cape Town, during the Northern autumn/Southern spring later this year. The new service will start on October 28. “We are thrilled to introduce our new route between London and Cape Town,” enthused Norse Atlantic founder and CEO Bjorn Tore Larsen. “By breaking the duopoly on this route, we are not only expanding travel options for consumers but also driving down costs and putting the customer back in the pilot’s seat. At Norse Atlantic Airways, we believe that everyone deserves the opportunity to experience the wonders of the world and our new route to Cape Town will allow many more people to visit this amazing destination.”
World Bank, AfDB seeks to provide more Africans with electricity by 2030
Published: 18 Apr 24
The World Bank Group and the African Development Bank (AfDB) Group are partnering to provide at least 300-million people in Africa with electricity access by 2030.  The World Bank Group will work to connect 250-million people to electricity through distributed renewable energy systems or the distribution grid, while the AfDB will support electricity connections for a further 50-million people. 
LNG terminal Cryogenics technology, expertise crucial in future gas economy
Published: 18 Apr 24
Cryogenics technology and expertise are becoming increasingly important as South Africa plans on leaning into using liquefied natural gas (LNG) as a major source of energy, Howden senior application engineer Pieter Swart said at mine ventilation solutions developer Howden’s Technology Day, hosted at Mintek, in Johannesburg on April 17. Cryogenics also played a crucial role in the handling of helium, which played a critical role in scientific research, medical technology, high-tech manufacturing, space exploration and national defence initiatives, he added.
Image of electric Volvo trucks available to rent Electric trucks too expensive? Now you can rent one from Volvo Trucks SA
Published: 18 Apr 24
Volvo Trucks South Africa (SA) has introduced an equipment-as-a-service (EaaS) model for its new electric truck rentals business. Following last year’s launch of Volvo electric trucks in South Africa, the company has been importing a range of configurations to suit local conditions.
Together with large-scale procurement, rising rooftop solar installations are offering greater market stability that could stimulate local manufacturing Private renewables procurement may mitigate boom-bust cycles curbing South Africa’s green industrialisation
Published: 18 Apr 24
The combination of public and private procurement of large-scale renewables in South Africa signals increased stability for manufacturers of key components, a new GreenCape report argues. Published ahead of the release of the much-anticipated South African Renewable Energy Masterplan (SAREM), which will outline the country’s official approach to localising renewables value chains, GreenCape’s ‘Large-scale Renewable Energy’ report forecast that there will be about 32 GW of installed renewables capacity in South Africa by 2030.
Election posters Goldman says South African market ‘tough’ before election
Published: 18 Apr 24
South African investors are holding off on big moves before the vote next month, Goldman Sachs Group said, as the elections shape up to be the most pivotal in 30 years. Assuming the vote is trouble-free, “we could see quite a significant pickup in foreign interest in both equities and debt,” said Simon Denny, chief executive officer for South Africa at Goldman. Interest-rate cuts and progress tackling the nation’s rolling power outages will also be key to attracting more foreign capital, he said. Goldman has significantly expanded its operations in South Africa, tripling headcount over the past five years in its Johannesburg offices, from where it services the rest of sub-Saharan Africa. The US bank is betting on growth as energy constraints ease by the end of the year and a smooth outcome in the nation’s most-contested general election since 1994. “The market remains tough,” Denny said. “But we have capital on the ground and everything in place to continue to grow our businesses.”
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