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Hudaco CEO Graham Dunford Hudaco’s interim performance hampered by suspended loadshedding
Published: 28 Jun 24
Diversified consumer and engineering products group Hudaco has faced a challenging start to the 2024 financial year, with the reduction in loadshedding negatively impacting on some of its alternative energy businesses, resulting in an overall lacklustre set of interim results. "It's been a rather challenging six months for us, I think for most of South African business. There was reduced loadshedding, but we have an up and down factor in that, when there is loadshedding, we have some businesses that tend to perform well, but when there's no loadshedding, that business kind of falls away,” Hudaco CEO Graham Dunford said at the release of Hudaco’s interim results for the six months ended May 31.
Nersa approves tariff increases for new financial year, City Power unpacks higher charges
Published: 28 Jun 24
The National Energy Regulator of South Africa (Nersa) has approved the tariff applications of 178 licenced electricity distributors, including municipal and private distributors, for the 2024/25 financial year. The new tariffs become effective on July 1.
Marriott Hotel, in Melrose Arch SolarSaver showcases innovations of its latest solar installation in Melrose Arch precinct
Published: 28 Jun 24
Energy company SolarSaver has successfully completed a solar installation at the Marriott Hotel Melrose Arch and the African Pride Hotel, both of which are based in the Melrose Arch precinct in Gauteng. Owing to the limited available roof space for solar panel installation, SolarSaver collaborated with property developer Amdec Group to find a solution.
Image of PRASA CEO Hishaam Emeran PRASA passenger numbers reach 40-million a year, up 167% – Emeran
Published: 28 Jun 24
The Passenger Rail Agency of South Africa (PRASA) is “making steady and significant progress in getting passenger trains back on track”, with the urban rail service carrying about 40-million passengers in 2023/24 on 31 of the 40 PRASA rail corridors now operational, says CEO Hishaam Emeran. Emeran says passenger numbers have climbed by almost 25-million from a year ago.
Businessmen shaking hands Dealmakers optimistic on global M&A prospects despite sluggish growth
Published: 28 Jun 24
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024. Stubbornly high interest rates, a hostile regulatory environment and a frothy stock market that has made valuations pricey weighed on dealmaking in the last three months.
Photo of Terence Creamer The future of Operation Vulindlela Has Video
Published: 28 Jun 24
Engineering News editor Terence Creamer discusses the issues tackled during Phase 1 of Operation Vulindlela and the successes achieved thus far; the likelihood of Operation Vulindlela continuing as programme of action under the new government of national unity; and what could be on the agenda during Phase 2.
Image of The Spar Group national logistics executive Solly Engelbrecht The Spar Group targets water-saving measures
Published: 28 Jun 24
The Spar Group has been steadily implementing proactive water-saving measures within its logistics operations amid the increasing threat of water insecurity across South Africa. Potential water insecurity poses a significant threat to the integrity of retail supply chains across South Africa, as disruptions to water supply and water quality can lead to significant operational and financial risks to the South African economy, said The Spar Group national logistics executive Solly Engelbrecht.
An image of HYENA workers using the POWER POD system System converts LPG to hydrogen
Published: 28 Jun 24
Hydrogen-focused startup HYENA has successfully developed a process to convert liquid petroleum gas (LPG) into clean electricity using its innovative POWER POD system at its new development facility in Cape Town.   “We’re revolutionising clean energy by converting LPG into electricity with our innovative POWER POD system,” says HYENA CEO Niels Luchters.
An image of the 2023 African Energy Week central stage Event to highlight key African projects
Published: 28 Jun 24
The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion on key energy projects and Africa’s burgeoning green hydrogen industry. The conference will be held from November 4 to 8 at the Cape Town International Convention Centre in Cape Town.
Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
Published: 28 Jun 24
Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the local and export markets, with more than 90% of production exported. Production reached around 90 000 units last year.
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