Food manufacturer Tiger Brands has reported a 10% increase in total revenue to R34-billion from continuing operations, ultimately delivering robust results for the financial year ended September 30, despite tough trading conditions and significant input cost inflation. “This year’s solid performance is encouraging and provides us with important forward momentum and internal confidence as we continue to focus on . . . implementing our strategies,” Tiger Brands CEO Noel Doyle said on December 2.
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Eskom will implement continuous stage 2 loadshedding until further notice due to the breakdown of six generating units at five power stations, the power utility said on Friday afternoon. There has also been a delay in return to service of “numerous” generating units, spokesperson Sikonathi Mantshantsha added. A generating unit each at Duvha, Grootvlei, Hendrina, Majuba and two units at Arnot Power Station, were taken offline for repairs over the past 24 hours.
Swiss engineering and technology group ABB has been fined Swfr4-million ($4.3-million) by the country’s Attorney General in connection with a bribery case in South Africa. The Attorney General’s office on Friday said the penalty was imposed on ABB for “not having taken all necessary and reasonable organisational provisions in order to prevent bribery payments to foreign officials in South Africa”.
Although the global mining sector has set ambitious targets to reduce its carbon emissions contribution, the sector needs to thoroughly evaluate how to go about meeting these targets amid various challenges. The sector has pursued a combination of switching to renewable-energy sources, identifying opportunities to improve efficiencies to reduce energy consumption and investing in electric vehicles and low-emission fuels as a means of addressing its emissions.
A decarbonised economy requires not only investment in renewable energy, but also exploring and integrating other options to decarbonise industrial processes that comprise about 75% of total carbon emissions, says financial advisory services company Cresco Group senior associate Dominic Goncalves. Although most of the focus is on renewable-energy sources when trying to reduce carbon emissions, electricity production comprises a small portion of carbon emissions associated with industrial processes.
The South African economy is dependent on fossil fuels for its energy needs. Therefore, a “Just Transition” requires a whole-of-society approach, says chemical engineering Emeritus Professor Eugene Cairncross – formerly at the Cape Peninsula University of Technology and working with the Life After Coal campaign. Life After Coal is a joint campaign by nonprofit environmental organisations Earthlife Africa Johannesburg and groundWork, along with non-profit environmental rights law firm Centre for Environmental Rights.
Africa’s transition to cleaner fuels and power generation presents investors with opportunities across the value chain, but more direct financing is needed on projects, the head of a South African independent power producer, said on Thursday. Brian Dames, chief executive officer of African Rainbow Energy & Power, said the shift to cleaner energy in South Africa for example, meant a massive addition of new generation capacity with strong growth potential.
City Power has hired 52 new in-house electricians to lessen the utility’s reliance on contractors. It will employ an additional 248 electricians by 2023.
Electricity utility City Power on December 1 deployed 52 newly appointed electricians to lessen its reliance on contractors and foster area-specific accountability in the Johannesburg power network. The electricians will be posted in problem-prone sections of the City Power network and assume direct responsibility for sections of the grid.
A truck driver and his supervisor were arrested for allegedly swapping out good-quality coal, and delivering sub-standard product to Eskom’s Matla power station on Monday. “The arrests took place after the truck driver was found to be in possession of sub-grade coal destined for the facility. The coal swapping allegedly took place at a known illegal coal yard in the Mpumalanga area, prior to the delivery being made at the Matla power station,” Eskom said on Wednesday.
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