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‘Second wave’ of Operation Vulindlela set to prioritise ‘green and digital’ growth
Published: 25 Jun 24
The ‘second wave’ of government’s Operation Vulindlela initiative is poised to be widened to include additional structural reforms to those that have been pursued to date in electricity, freight logistics, telecoms, water and skills with the goal of stimulating higher levels of economic growth over the coming five years. Established jointly by the Presidency and the National Treasury in October 2020 to accelerate priority structural reforms to overcome problems identified as “binding constraints” to economic performance, Operation Vulindlela is expected to continue as a flagship programme under the government of national unity.
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Thelo to raise $250m with eye on Africa’s giant rail corridors
Published: 25 Jun 24
Thelo Group’s management plans to buy Deutsche Bahn’s 49% shareholding and is in talks with financiers to raise $250-million to help the South African company transform into a developer of rail lines and ports in sub-Saharan Africa. The capital will be used “to expand our capacity quite aggressively,” fund “project preparation on some of the projects that we’ve already secured” and inject equity into them, Thelo’s chairperson Ronnie Ntuli said in an interview, adding that the company may ultimately seek to list on a stock exchange. Talks are being held with African financiers, including development finance institutions, as well as international investors over both debt and equity investment, he said.
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435 kW solar, battery system ensures Naboom Plastic can produce, reduce backlog
Published: 25 Jun 24
Clean energy developer Blue Energy Africa has built a hybrid 435 kW solar and battery storage system for planting bags producer Naboom Plastic, in Mookgophong, Limpopo. The system provides the producer with energy security and operational resilience, as well as saving 80% to 90% on its previous electricity use from the grid. The implementation of the system has allowed Naboom Plastic to start clearing a 60 t production backlog caused by loadshedding. It also benefits the livelihoods of the company's 64 employees and their families.
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Cape Town nears completion of prepaid meter upgrade ahead of deadline
Published: 25 Jun 24
The City of Cape Town is nearing the successful completion of an electricity meter upgrade programme across the city ahead of the December deadline, when the current prepaid electricity metering software for all prepaid meters will expire.
All municipalities across the country have been mandated to undertake prepaid electricity meter software upgrades by December or customers will be unable to recharge their units through their meters.
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Massmart funds seafood sampling research at Wits
Published: 25 Jun 24
Retail group Massmart will sponsor Honours level postgraduate research in the University of Witwatersrand’s (Wits’) Department of Molecular and Cell Biology aimed at improving the technique used to extract genetic material from tinned seafood products.
Massmart uses genetic identity testing, in partnership with Wits, as an added precaution to ensure the company is not supplied with red-listed or critically endangered seafood species.
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Radisson to open its first hotels in Tanzania as part of African expansion
Published: 25 Jun 24
Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels have expanded the group’s footprint in Africa to nearly 100 hotels in operation and development in 30 countries, placing it well on track to reach its goal of 150 hotels within the next five years.
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