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Auto market awaits return of consumer confidence, political clarity – TransUnion
Published: 03 Jul 24
The South African automotive sector continues to grapple with significant macroeconomic challenges, says TransUnion Africa CEO Lee Naik. Persistently high interest rates and negative economic growth have eroded consumer and business confidence, leading many to defer long-term financial commitments, including vehicle purchases.
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New platinum alloy to transform jewellery making
Published: 03 Jul 24
The World Platinum Investment Council (WPIC) has highlighted the launch of a new platinum alloy named Inoveo Platinum, which it believes has the potential to transform platinum jewellery design and manufacturing. Established by Platinum Guild International (PGI) USA, Inoveo Platinum was codeveloped by mining major Anglo American and materials designer and developer Alloyed following years of research and development.
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Renewables component of DRC gold mine’s energy mix to hit 85% next year
Published: 03 Jul 24
The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and upkeep of key infrastructure, the building of a vibrant local socio-economy, protection of the environment, restoration of game in national parks, and even the revitalisation of an attention-catching coffee cultivation opportunity. Three hydropower stations have put Kibali in the green energy drive lead, with more than 80% of the mine’s power provided by renewable energy sources, which will be further increased by an upcoming solar power plant. Generated is 40.16 MW of power at an average cost of 0.100 $/kWh.
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gold Barrick Gold
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Milken Institute launches Africa Leaders Business Council
Published: 03 Jul 24
Development think tank the Milken Institute has launched the Africa Leaders Business Council, which brings together experts across business, technology, finance and investment, sustainability and innovation to support the Institute’s plan to deepen its network and engagements in Africa. This new programme represents the institute’s regional engagement strategy focused on paving the way for stronger, more comprehensive partnerships across the African continent.
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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.
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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.
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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.
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