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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.