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Steel key to circular economy
Published: 05 Jul 24
Not-for-profit trade organisation, the Hot Dip Galvanizers Association of South Africa (HDGASA) implores its members to embrace the important role that steel can play in promoting a circular economy. “Hot dip galvanisers can contribute to the circular economy, moving away from the ‘take, make, dump and generate waste approach’ to one in which items are repurposed, conserving important resources and energy,” asserts HDGASA executive director Robin Clarke.
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Onus on sector to optimise steel capacity – SAISI
Published: 05 Jul 24
Amid the mounting challenges of slow economic growth and increased steel imports, steel representative organisation the South African Iron and Steel Institute (SAISI) emphasises the need to address trade barriers and use steel capacities effectively to unleash opportunities on the continent. Overall steel consumption decreased by 23% over the past decade, even as imports surged to 30% of total consumption, highlights SAISI secretary-general Charles Dednam.
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Provider expands international footprint
Published: 05 Jul 24
Water storage solutions provider and manufacturer Damsak Reservoirs has expanded into international markets, the move underscoring the company’s commitment to addressing global water scarcity and infrastructure challenges, particularly in the manufacturing, mining and engineering sectors. Central to this expansion is the introduction of the new 500 000 ℓ Damsak, which was designed to offer reliability and resilience to ensure continuous operation, especially in regions experiencing water supply disruptions.
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Programme empowers young agricultural entrepreneurs in KZN
Published: 05 Jul 24
In a move aimed at bolstering youth entrepreneurship, youth empowerment initiative Metropolitan Collective Shapers (MCS) has launched its impactful programme in KwaZulu-Natal as it continues to equip young entrepreneurs with essential skills and resources. Through the programme, which was established in 2021, youth are taught how to scale their businesses, generate employment within their communities and enhance market access.
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CEO confidence improves in the second quarter
Published: 04 Jul 24
Financial advisory company Merchantec's CEO Confidence Index increased by six points to 51.4 in the second quarter, driven by a significant improvement in confidence in the consumer staples sector and the recent absence of loadshedding. The index has experienced notable fluctuations over the past few years. In 2023, it started at 44.4, gradually climbed to 51.4 by year's end, and continued this upward trend into this year, starting at 45.4 in the first quarter.
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Aura progressing Tiris development
Published: 04 Jul 24
Following the delivery of the front-end engineering design (FEED) study in February, the appointment of advisers to progress the financing of the project and the recent announcement regarding the 55% increase in mineral resources at the Tiris uranium project, in Mauritania, Aura Energy has announced five further steps towards development of the project. This includes the appointment of experienced West African project director Jan Booyse and his company, Project EQ, to lead the project development at Tiris; the appointment of Kenmore Mine Consulting to complete a mine plan optimisation review; the appointment of Lycopodium to oversee an optimisation and project enhancement study; the appointment of Knight Piésold Consulting to oversee water resource drilling in the abundant and proximate Taoudeni Basin; and the appointment of Bruce Harvey to review and update the company’s environment social governance (ESG) framework.
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Aura progressing Tiris development
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Digital nomad visas could attract professionals, Endeavor South Africa says
Published: 04 Jul 24
Entrepreneurial support organisation Endeavor South Africa says the South African remote work, or digital nomad, visa can help the local technology industry and entrepreneurs, and is a positive step towards positioning the country as a global hub for remote work, innovation and skills transfer. The visa, which came into effect on May 20 this year, will also contribute towards the economy, tourism and cultural exchange.
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Responsible investment and leadership emphasised at indaba
Published: 04 Jul 24
Amid growing global demand for various minerals, such as nickel and copper, and Africa’s endowment thereof, Vale Base Metals executive Mark Cutifani recently discussed the importance of responsible investment and leadership in the African mining sector, highlighting the need for ethical, efficient and effective business practices. Considering that the continent has an abundance of natural resources, such as water and arable land, Cutifani, during his keynote address at this year’s London Indaba, highlighted the potential of Africa’s natural resources in contributing to the development of the continent, as well as global development, while acknowledging the challenges of managing these resources sustainably and equitably.
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