Choose hope over fear and leadership over victimhood, former Public Protector Thuli Madonsela urged South Africans on Friday. Fearmongering over the recession would not do the country any good, she added.
Fearmongering over recession won't do any good – Madonsela
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Echo Polska reports strong portfolio, income growth
JSE-listed Polish property company Echo Polska Properties (EPP) has declared a distribution growth of 12% apiece to 5.82c for the six months ended June 30, compared with 5.19c in the first half of 2017, placing the company on track to deliver full year dividends of between 11.6 and 11.8c apiece.
EPP’s results show distributable earnings increased by 32% to €48.3-million and that net property income growth increased by 45% to €66.2-million.
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There are deliberate attempts to sabotage government buildings – Nxesi
There are deliberate acts to sabotage government buildings through arson, Public Works Minister, Thulas Nxesi, said on Friday. Nxesi was speaking at a media briefing in Pretoria, accompanied by Health Minister, Aaron Motsoaledi.
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Saice parts ways with CEO following controversial opinion piece
The South African Institution of Civil Engineering (Saice) has decided to part ways with its CEO, after Manglin Pillay penned a controversial opinion piece on women in science, technology, engineering and mathematics (Stem) careers.
Following outraged reactions to the article, titled ‘Out on a Rib’, by various industry members, including Aurecon and Women in Engineering, the Saice board handled the matter internally and accepted an apology from Pillay, initially confirming that would remain Saice CEO.
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ARM mulling ‘very exciting’ growth opportunities – Motsepe
Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30 accompanied by a hefty R1.7-billion cumulative dividend payout, Motsepe said during question time that the strength of the company’s balance sheet placed it in a favourable position to take advantage of opportunities that are value accretive.
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Tongaat Hulett appoints interim CEO
Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment of Staude’s permanent successor and will carry the full responsibilities and authority of the CEO-position as well as participate in and report to the board.
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Hydrogen from renewables may be energy transition’s ‘missing link’
Producing hydrogen from variable renewable electricity (VRE) could be the ‘missing link’ in the unfolding transition to a decarbonised the global energy system, a newly released report argues. Published by the International Renewable Energy Agency (Irena), the study explores the production of hydrogen from renewables using electrolysers – devices that split water into hydrogen and oxygen using electricity.
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City of Cape Town relaxes water restrictions, tariffs to Level 5
The City of Cape Town has made the move to relax current water restrictions from Level 6B to Level 5 from October 1, Deputy Mayor Ian Neilson announced. After suffering from the worst drought in recent history, Cape Town's dams are nearing 70% of storage capacity – a significant improvement from the 38% capacity recorded at the end of the previous winter. "The very low supply storage resulted in the imposition of Level 6B water restrictions in February 2018," Neilson said. "The enormously ...
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Passenger EV sales hit four-million units, fifth million expected in March
Cumulative passenger electric vehicle (EV) sales have, most likely, surpassed four-million units at the beginning of September, says Bloomberg New Energy Finance (NEF). This includes battery electric passenger vehicles and plug-in hybrid passenger vehicles.
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South Africa may miss tax take target, says finance minister
South Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday. The country entered recession in the second quarter for the first time since 2009.
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TNPA to prioritise ship repairs, oil and gas facilities at Cape Town, Saldanha ports
Transnet National Ports Authority (TNPA) has identified infrastructure and port development projects that will be prioritised at its Cape Town and Saldanha ports.
This was announced following the Western Cape Regional Customer Forum, held on August 31. The forum is aimed at aligning TNPA’s plans to meet the business requirements of regional port users.
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Mali's Keita names new defence and mines ministers for second term
Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating attacks by Islamist militants and clashes between herders and pastoralists that have killed hundreds of civilians this year.
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Ghana on hook for $2bn China deal if bauxite plan stalls
Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals and housing as part of the government of President Nana Akufo-Addo’s plans to lift economic growth. In return, Ghana undertook to repay the Beijing-based company with the proceeds of refined bauxite sales from a plant that is due to be commissioned and completed within three years.
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FAW’s Coega plant produces 4 000th truck
FAW South Africa’s Coega assembly plant, in the Eastern Cape, in August celebrated the assembly of the 4 000th FAW truck in South Africa. Inaugurated in July 2014, the FAW plant was the first large-scale investment made by a China-based company in the region.
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Congo mining revenues triple in H1; oil revenues fall by a third
Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a quarterly report seen by Reuters on Monday.
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Zambia's SMEs urged to raise packaging standards to improve global competitiveness
The International Trade Centre (ITC) on Monday urged Zambia's small and medium enterprises to improve packaging standards to make their products more competitive on international markets and also called for more investment into local packaging centres for agri-food processors. Speaking at the opening of the World Export Development Forum in the capital Lusaka, ITC deputy executive director Dorothy Tembo said agri-food and agri-business sectors, which contribute the most to the formal and informal economy, faced stiff competition from imported processed and packaged foods.
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Youth, women, SMMEs at centre of Fourth Industrial Revolution – Ramaphosa
President Cyril Ramaphosa has said that unless women, the youth and small businesses were intrinsically involved in technological advancement, the Fourth Industrial Revolution would fail. Ramaphosa made the remarks on Monday during his opening address at the International Telecoms Union (ITU) Telecom World Conference 2018 at the Inkosi Albert Luthuli International Convention Centre in Durban.
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Fortress secures blue-chip tenant Vodacom for Louwlardia logistics park
Real estate investment trust Fortress has secured telecoms and services provider Vodacom as a new tenant at its Louwlardia logistics park development, in Centurion, Gauteng, on a five-year lease, with the option to renew for a further five years.
Vodacom will occupy a 17 000 m2 warehouse at Louwlardia from November 1, which it will use as a central storage facility for the equipment used to support and maintain its mobile network.
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High-level meeting planned to set innovation agenda as new draft White Paper launched
The Presidency is to lead a Science, Technology and Innovation (STI) “Plenary meeting” involving major sectors of South African government and society, Science and Technology Minister (Ms) MT Kubayi-Ngubane told the media on Monday. No date for the meeting was given.
“South Africa needs to set its innovation agenda at the highest level of government and business so that all actors pursue the same objectives and pool resources where possible,” she said. “The Presidency will therefore chair an STI Plenary meeting, involving business leaders, academic experts in the field of STI, government departments that have a focus on STI, and leaders from civil society. Among other matters, the STI Plenary will discuss STI priorities.”
The Minister was publicly launching the Department of Science and Technology’s draft White Paper on Science, Technology and Innovation. This is intended to replace its original White Paper on Science and Technology, adopted in 1996.
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Melting ice due to climate change disrupting shipping routes
Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter and without the assistance of an ice breaker.
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