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Convergence fulfils conditions to acquire Datacentrix

Published: 03 Jul 24

Technology-focused private equity investment management company Convergence Partners has met all conditions precedent to acquire 100% of system integration service company Datacentrix from information and communication technology products and services provider Alviva. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction, Datacentrix said in a statement on July 3.

South Africa must develop solutions to address specific sanitation issues

Published: 03 Jul 24

Various technologies, from ventilated improved pit toilets to decentralised wastewater systems, offer potential solutions to some of the country’s sanitation challenges, but these technologies must be tailored to each community’s unique needs, particularly in informal settlements, the South African Institution of Civil Engineering (Saice) says. For example, gravity-driven sewerage systems require sufficient installation density to prevent blockages. Dispersed rural homesteads often lack this density, making extensive pumping systems unfeasible. Therefore, there is also a need for standalone systems that do not rely heavily on water.

Energy Regulator rescinds decision on new tariff-setting rules as Eskom prepares to apply for big hike

Published: 03 Jul 24

The Energy Regulator has rescinded its approval, made in December, of the so-called Electricity Price Determination Methodology Rules (EPDMR), which were proposed for implementation in the 2025/26 financial year as a replacement to the prevailing multiyear price determination methodology (MYPDM) for setting tariffs. The decision was made by the National Energy Regulator of South Africa’s (Nersa’s) highest decision-making structure during a meeting on June 27 and confirmed in a statement issued on July 2.

Anyone can now invest in as little as R10 worth of gold

Published: 03 Jul 24

Gold-backed neobank Troygold, supported by payments platform Precium, has launched its subscription gold offering in South Africa, enabling investors to buy and own fractional amounts of real 1 oz gold Krugerrands, which are securely stored in Johannesburg vaults with London Bullion Market Association-approved custodian Brink’s ensuring security and authenticity. Buying gold in small increments will make gold investment more accessible and affordable to all, with the minimum investment being as little as R10. Investors can even set up daily, weekly or monthly contributions to put savings on autopilot.

Congo sells its own copper from joint ventures for first time

Published: 03 Jul 24

The Democratic Republic of Congo’s (DRC's) State miner has started selling its share of copper from joint-venture projects for the first time as the country seeks greater control over a metal key to the energy transition. Gecamines holds minority stakes in large mines run by firms such as China’s CMOC Group and Glencore. Until now, the joint ventures themselves have sold all the production. But the State company is taking a more active role in marketing its portion — totaling hundreds of thousands of tons a year – according to people familiar with the matter.

Grain SA highlights crucial points of focus for new agriculture, land reform Ministers

Published: 03 Jul 24

Industry body Grain SA says it eagerly anticipates depoliticised government service delivery following the election of new political leaders and Cabinet members. Grain SA expects the Government of National Unity, with its focus on inclusivity through economic growth, will support the different departments to achieve goals as captured within various well-developed plans.

Half of turbines for Koruson 1 wind farms delivered to site

Published: 03 Jul 24

About half of the 237 turbine blades and other components required for the Koruson 1 cluster of wind farms, being built on the border of the Eastern and Northern Cape provinces, have been delivered to site. The Koruson 1 cluster comprises the Phezukomoya, San Kraal and Coleskop wind farms and is being developed as part of Round 5 of the Renewable Energy Independent Power Producer Procurement Programme.

Illegal Implats strike comes to a peaceful close

Published: 03 Jul 24

An illegal work stoppage at the North Shaft of Impala Bafokeng’s Bafokeng Rasimone Platinum Mine (BRPM), in the North West province, has ended without incident, parent company Impala Platinum (Implats) has told Mining Weekly. In the main, the illegal strike action, which began on June 27, involved members of the contractor workforce demanding permanent positions, the company explained. However, Implats was concerned that the strike action would harm jobs more than help them

A truck transporting coal, with a power station in the background

South Africa seeks to renegotiate coal pact tied to $2.6bn

Published: 03 Jul 24

South Africa is seeking to alter the terms of a landmark agreement under which it promised to cut its reliance on coal in exchange for access to financing. The government of President Cyril Ramaphosa is pushing to renegotiate a deal with Climate Investment Funds (CIF), a group tied to the World Bank, so that it won’t be required to close three coal-fired power plants in the coming years. The plants, owned and operated by Eskom Holdings, are among the country’s biggest polluters, according to government advisers.

Aguia identifies big capex saving at Brazil project

Published: 03 Jul 24

Phosphate mining company Aguia has identified substantial capital expenditure (capex) savings at the Tres Estrada project, in Brazil, by opting to use a pre-existing treatment plant. The company, which is listed on the ASX, is in negotiations for a lease or purchase agreement on an existing plant and expects to finalise terms this month.