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Transnet train
TFR operating company head raises concern over ‘high tariff’ signalled in draft Network Statement
23rd May 2024 By: Terence Creamer

Transnet Freight Rail (TFR) CEO Russell Baatjies has added his voice to industry-wide concerns being expressed about the high rail tariffs that would arise should the methodology included in a draft Network Statement be implemented. The Network... 


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fresh vegetables and fruit at food market
Bidcorp turns record revenue in first ten months of its 2024 financial year
23rd May 2024 By: Marleny Arnoldi

JSE-listed foodservice group Bidcorp Group has recorded record group revenues in the ten months ended April 30 across all the regions in which it operates. The group has foodservice businesses in... 


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Schneider launches local EV charging solution
23rd May 2024 By: Marleny Arnoldi

Energy management and automation company Schneider Electric has launched a local electric vehicle (EV) charging solution, to cater for African countries’ transition away from fossil fuel-powered... 


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Vaal Water Lettuce invasion signifies need to weed out water pollution
Updated 2 hours 24 minutes ago By: Natasha Odendaal

The Vaal Barrage is now home to an invasive plant species that has had significant negative economic and environmental consequences for the region, and its rapid spread will not slow down without... 


Hugo Pienaar.
Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears
23rd May 2024 By: Martin Creamer

Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors... 


An EU flag
South Africa considers complaining to WTO against EU carbon border tax
22nd May 2024 By: Reuters

South Africa is considering lodging a formal complaint at the World Trade Organization against the European Union's "protectionist" carbon border levy, Trade Minister Ebrahim Patel said on... 


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An aerial view of Cape Town
South Africa scores 'moderately positive' global reputation rating, study finds  
22nd May 2024 By: Darren Parker

Despite South Africa’s global infamy for corruption, rampant crime, poor service delivery, political instability and inequality, recent findings of a Global Reputation Study carried out by Brand... 


From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
Huge manganese value-add opportunity reiterated at Junior Indaba
22nd May 2024 By: Martin Creamer

The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to... 


Eskom’s has applied for permission to reserve scarce grid capacity for IPPs participating in public procurement bidding rounds
Presidency insists 22.5 GW private IPP pipeline won’t be disrupted by Eskom move to reserve grid for public projects
22nd May 2024 By: Terence Creamer

The Presidency does not anticipate that Eskom’s move to reserve scarce grid capacity for independent power producers (IPPs) participating in public procurement bidding rounds will disrupt the more... 


Hydrogen Council CEO Ivana Jemelkova
Hydrogen Council appoints CEO
22nd May 2024 By: Creamer Media Reporter

Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. Jemelkova is a recognised leader in energy and sustainability,... 


Fortescue excluded from world’s biggest hydropower plant development
22nd May 2024 By: Bloomberg

A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix... 


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Trade, Industry and Competition Minister Ebrahim Patel
Vivo Energy to invest over R10bn in South Africa, Patel says
22nd May 2024 By: Reuters

Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim... 


UN agency has launched a report on green business and financing in Africa
22nd May 2024 By: Rebecca Campbell

Africa has major opportunities for green economic development and could become a world-leader in it, UN Development Programme (UNDP) Regional Service Centre for Africa director Dr Matthias Naab... 


Calib Cassim and Eskom CEO Dan Marokane
As municipal debt programme falters, Eskom CFO calls for mechanism to ensure the utility gets paid
22nd May 2024 By: Irma Venter

Municipal debt remains one of Eskom’s biggest challenges, says Eskom CFO Calib Cassim. “At the end of March, we were sitting at around R75-billion of municipal arrears owing to us. That has grown... 


South African member committee of World Energy Council launched
22nd May 2024 By: Terence Creamer

A South African member committee of the World Energy Council (WEC) has been launched under the aegis of the Energy Council of South Africa. The member committee is made up of ten high-level energy... 


CSIR simulation assisting in truck flow improvement on the N4 corridor
22nd May 2024 By: Tasneem Bulbulia

A simulation model developed by a team at the Council for Scientific and Industrial Research (CSIR), in Pretoria, is being used as a tool to improve the flow of trucks on the N4 road corridor.... 


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Magazine

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Projects

Image of solar panels
Solar farm project, South Africa
Updated 2 hours 13 minutes ago By: Sheila Barradas
Liquid steel furnace
Iron-ore briquette plant, Spain
Updated 2 hours 13 minutes ago By: Sheila Barradas
Location map of the Project Nour
Project Nour, Mauritania
Updated 2 hours 13 minutes ago By: Sheila Barradas

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