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Call to be made this month on Eskom’s request to deviate from tariff methodology
Published: 23 Jun 17
The electricity subcommittee at the National Energy Regulator of South Africa (Nersa) met on June 19 to deliberate on Eskom’s request that the regulator condone the utility’s deviation from the multiyear price determination (MYPD) methodology and minimum information requirements for tariff applications (Mirta). The recommendations of the subcommittee will now be submitted to the Energy Regulator for a final determination at its June 29 meeting. Eskom requested the “condonation” on the basis that it would be unable to meet certain requirements of the MYPD methodology, as updated in October 2016, as well as certain Mirta requirements.
New 22 600 t LPG storage facility for Richards Bay
Published: 23 Jun 17
Liquefied petroleum gas (LPG) logistics company Petredec has entered into an agreement with bulk liquid storage operator Bidvest Tank Terminals to develop a new 22 600 t facility for the import and storage of LPG at Bidvest’s site, in Richards Bay. The completed facility will be the region’s largest pressurised LPG import terminal, featuring four mounded tanks, each capable of storing more than 5 500 t of gas, guaranteeing year-round availability. Despite growing demand in domestic and regional ...
McDonald’s rolls out first revamped restaurant
Published: 23 Jun 17
Food and beverage giant McDonald’s South Africa unveiled its first newly built, revamped restaurant at Stoneridge shopping centre, in Johannesburg on Wednesday. The R10-million flagship Stoneridge rebuild is the first of its kind in the fast food major’s Middle East and African markets.
Entrepreneurship key to tackling unemployment
Published: 23 Jun 17
South Africa needs to promote innovation and entrepreneurship if it wants to tackle mass unemployment, South African Youth Chamber of Commerce (SAYCC) president Thapelo Maleke has said. “In an era of radical transformation, the focus should be on digital change,” he noted at the Youth in Science, Technology and Innovation Indaba, hosted by the Department of Science and Technology (DST), in Pretoria, on Friday.
Innovation key to addressing youth employment – Pandor
Published: 23 Jun 17
Recent statistics on youth unemployment highlight the need for South Africa to devote attention to science, technology and innovation, said Science and Technology Minister Naledi Pandor at a briefing on Friday, adding that “business as usual” would not work. The Quarterly Labour Force Survey, published by Statistics South Africa earlier this month, shows that South Africa’s youth constitutes most of the country’s newly unemployed.
Prepare well for a digital future, advises Pragma
Published: 23 Jun 17
Leaders in the management of buildings, machinery and assets have been advised to prepare well for a future in which digital solutions will take centre stage. Engineering company Pragma CEO Adriaan Scheeres told attendees at the Southern African Asset Management Association (SAAMA) conference, in Somerset West, this month, that companies would need to take a fresh look at their processes, as the face of the technical workforce shifts in line with massive global change.
Desalination the way to go in water-scarce South Africa – Turton
Published: 23 Jun 17
With South Africa facing even more dire water shortages than expected, the need for desalination is vital and should be at the forefront of government plans, according to local water expert and University of the Free State professor Dr Anthony Turton. “Desalination is a critical component. It is probably more important than nuclear. Everyone is talking about nuclear but, frankly, that is a secondary issue,” Turton told the yearly conference of the Southern African Asset Management Association, Saama.
Joburg needs clear infrastructure delivery plan to attract investment
Published: 23 Jun 17
To examine challenges posed by, and find possible solutions to, Africa's urban infrastructure deficit as a result of rapid urban growth, international law firm Pinsent Masons has launched a thought leadership programme, which will bring together numerous experts from its network of 23 global offices. Speaking at the inaugural event hosted by the law firm, in Johannesburg, Pinsent Masons partner George Sibanda emphasised the importance of cities in promoting national and global economic growth, addressing inequality and aiding skills growth for the youth.
Warning issued that Highveld structural mill’s survival may hinge on more protection
Published: 23 Jun 17
The newly reopened heavy structural mill (HSM) at Highveld Steel, in Mpumalanga, is expected to ramp up to its 18 000 t/m nameplate capacity over the coming few months, having produced 4 100 t since its initial restart in April. However, both Highveld and ArcelorMittal South Africa (AMSA), which is supplying primary material to the mill under a contract manufacturing agreement signed in December, warn that market conditions remain hostile and that the mill’s ongoing survival will depend ...
Transnet review committee set up as #GuptaLeaks point to loco contract manipulation
Published: 23 Jun 17
State-owned freight logistics group Transnet has established a special committee to review the company’s procurement processes, with a specific focus on the locomotive acquisition programme. The programme, and specifically the procurement of 359 electric locomotives from China South Rail (CSR), has come under intense scrutiny since the publication of media reports arising from the #GuptaLeaks emails, indicating that individuals with links to the Gupta family may have influenced the award of the contract, while others are receiving large commissions.
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