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Investec launches first green bond

Banking and wealth management firm Investec has reaffirmed its commitment to funding a sustainable future by issuing its first green bond, which is backed by a number of Investec’s flagship renewable energy projects, all of which are helping to create a cleaner future for South Africa.

The bonds raised R1-billion under Investec’s Domestic Medium-Term Note bond programme, which was 3.8 times oversubscribed – revealing significant appetite among institutional investors who want to make a positive impact in terms of their environmental, social and governance (ESG) commitments.

April 25, 2022 by

Documentary seeks to ignite conversation on Mpumalanga’s just transition

A new documentary, highlighting both the fears and potential of pursuing a so-called just transition in the coalfields of South Africa, has been released on YouTube. The 30-minute video includes interviews with community members, workers and businesspeople from the Steve Tshwete and Emalahleni municipalities, in Mpumalanga, whose lives and livelihoods are currently inextricably linked to coal.
April 25, 2022 by

We owe the board and management of Eskom our full support, Ramaphosa asserts

“We owe the board and management of Eskom our full support as they work to turn the utility around,” President Cyril Ramaphosa writes in his weekly newsletter. Published against the backdrop of a recent bout of Stage 4 load-shedding and fresh finger-pointing over who is to blame for intensifying load-shedding, Ramaphosa insists that the crisis has its roots in events that pre-date the current Eskom leadership.
April 25, 2022 by

Cast resin transformers show significant benefits

Electrical and digital building infrastructure specialist Legrand’s range of cast resin transformers (CRT) has been designed for high-efficiency, enhanced safety and low environmental impact during energy distribution in diverse applications. Typical installations include data centres, shopping malls, hospitals and residential buildings. CRTs are also suitable for photovoltaic (PV) installations and wind power, as well as offshore applications, the railways, shipping and airport facilities.
April 22, 2022 by

Delaying projects puts pressure on limited skills

The delay of emergency-generation capacity projects – all part of the Risk Mitigation Independent Power Producers Procurement Programme (RMIPPPP) – because of the powership court case, will not only affect independent power producers but also have a knock-on effect on demand for local skills and resources, says recruitment and staffing solutions company Quyn International MD Wayne Alcock.
April 22, 2022 by

Transnet prepares to invite bids for Richards Bay LNG terminal

The State-owned Transnet National Ports Authority (TNPA) reports that a request for proposals will be issued in the “coming weeks” for the development of a liquified natural gas (LNG) terminal at the Port of Richards Bay, in KwaZulu-Natal. The tender process follows conformation by TNPA that it received 19 responses to a request for information (RFI) released on February 13 to assess market interest in the design, development, construction, financing, operations, maintenance and transfer of an LNG terminal in the port’s South Dunes precinct.
April 21, 2022 by

SA to move to Stage 2 load shedding on Thursday night

Load shedding will be reduced from Stage 3 to Stage 2 at 22:00 on Thursday evening, Eskom announced. Stage 2 will continue until Friday evening. A generation unit each at the Majuba, Matimba and the Arnot power stations have returned to service since Wednesday night, while a single unit at Tutuka Power Station was shut down for repairs. Two more units are set to return to service during the next 24 hours.
April 21, 2022 by