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Eskom issues tender for 26 large transformers to panel of five selected suppliers

Published: 24 Jun 24

Eskom reports that it has appointed five transformer companies to a panel of suppliers that will compete for upcoming contracts for a total of 101 large-scale transformers that will be installed over the coming four years as part of its Transmission Development Plan (TDP). The suppliers were not immediately named in the statement, with Eskom saying only that most of the five suppliers were “local with an international footprint” and had been selected following an open tender issued on March 14.

Kore’s share price falls amid ongoing discussions on EPC

Published: 24 Jun 24

Johannesburg- and London-listed Kore Potash’s share price on the JSE and the LSE fell by more than 20% on June 24, after the company reported ongoing discussions with regard to the engineering, procurement and construction (EPC) proposal and draft EPC contract with PowerChina International Group. The potash development company revealed that further important issues had been raised about completion and performance guarantee tests, which now needed to be further discussed and agreed on with PowerChina.

Rolls-Royce to lead hydrogen-fuelled combustion engine development project in Germany

Published: 24 Jun 24

Rolls-Royce Power Systems, the Germany-based business of UK-based global major power and propulsion systems group Rolls-Royce, has announced that it is leading a consortium of German companies and research institutes, in a three-year joint project to develop a highly-efficient hydrogen combustion engine to drive stationary combined heat and power systems. The engine would be a “first-of-a-kind” development, stated the group. “We are convinced that combustion engines will remain an essential part of the provision of a reliable energy supply during the energy transition,” explained Rolls-Royce Power Systems CEO Dr Jörg Stratmann. “We are making them climate-friendly with sustainable fuels. That’s why we at Rolls-Royce are investing in the development of the next generation hydrogen engines.”

Invicta reports increase in operating profit despite challenges

Published: 24 Jun 24

In its audited consolidated results for the financial year ended March 31, investment holding and management company Invicta Holdings reports that its operating profit grew by 8% to R702-million, with cash generated by operations increasing by 28% to R818-million, with a focus on reducing debt. “Notwithstanding the challenging environment, we are extremely proud of how our businesses performed during the year. In particular, the resilience of our management teams and the robust nature of our consumable parts businesses shone through,” expresses Invicta CEO Steven Joffe.

Hyprop expects higher full-year tenant revenue in South Africa, Eastern Europe

Published: 24 Jun 24

Shopping centre-focused real estate investment trust Hyprop Investments continues to make progress on key priorities having been set for the 2024 financial year ending June 30, including operational improvements. The company advises in a pre-close operational update issued on June 24 that in the five months ended May 31, the company started implementing its acquisition of Table Bay Mall, which increases the group’s exposure and footprint in the Western Cape.

Doing it ourselves is the solution to SA’s impending water crisis

Published: 24 Jun 24

Civil rights organisation AfriForum is taking a “doing it ourselves” approach to ensure water security across South Africa. Tabling its national water strategy during its water conference on Monday, AfriForum proposes to correct the systemic failures and deterioration of water supply at local governmental level, while offerng much-needed relief to communities suffering from the consequences of the impending water crisis.

Rand Water successfully completes first pipeline maintenance ahead of schedule

Published: 24 Jun 24

Rand Water has successfully completed the proactive extensive maintenance of the F5 Pipeline in Mogale City local municipality, which started on June 22, nine hours ahead of schedule. The project, which marked the start of the water utility’s extensive month-long maintenance plan across Gauteng, entailed connecting the F16 pipeline to the new F5 pipeline and to new meters.

DWS assures it is ready for Lesotho Highlands tunnel closure

Published: 24 Jun 24

The Department of Water and Sanitation (DWS) is ready for the upcoming six-month closure of the Lesotho Highlands tunnel for maintenance from October until March 2025. The department and relevant stakeholders in the water sector have taken all necessary measures to ensure that the water supply in Gauteng will not be affected during the shutdown, said DWS Gauteng provincial head Justice Maluleke.

Nestlé’s South African dairy farm, factory exemplifiers of group’s sustainability goals

Published: 24 Jun 24

As Swiss multinational food and drink processing conglomerate Nestlé’s seeks to reach its ambitious global target of waste-free operations and net-zero emissions by 2050, two of the group’s South African businesses – the Skimmelkrans dairy farm and the Mossel Bay dairy factory – stand as testament to the progress that it is making towards these goals. The sustainability initiatives being undertaken at these operations were outlined during a site visit on June 20, intended to showcase the group’s “farm to glass journey” of dairy. It also formed part of Nestlé’s World Milk Day celebrations, which the group is undertaking this month in commemoration of this international day, which is observed on June 1.

Liberty extends deadline for retrenched Optimum workers to apply for reemployment

Published: 24 Jun 24

Coal mining company Liberty Coal has confirmed that it will be extending the deadline for former Optimum Coal Mine (OCM) employees to submit their applications for reemployment. The company said on June 24 that this was part of its prioritisation of the reemployment of former employees who were retrenched by OCM, which remains in business rescue.