Coal miner plans new climate change strategy

South Africa’s Exxaro Resources said it’s working on a new strategy for its business founded on coal mining amid investor and public concerns about the impact of climate change. The company said it’s planning “structural changes,” including clean-power initiatives, to make the business sustainable in the long term. In the meantime, Exxaro will extract “as much value as quickly as possible” from the assets it holds, especially thermal coal, Chief Executive Officer Mxolisi Mgojo said on Thursday. Read: Exxaro buoyed by equity investments as core profit falls South African businesses are…

Read More

Southern Africa: TCC Reaps Benefits of SADC Regional Trade

    AS the government is championing to promote inter-regional trade and industrialisation within the Southern African Development Community (SADC), region, Tanzania Cigarette Public Limited Company (TCC Plc), is committed to walking the talk, with its export volume to this region standing at 2.5 billion cigarette sticks in 2018 and continues to grow steadily. The future looks bright for the leading manufacturer of tobacco products in the country, which was highlighted by the Bank of Tanzania (BoT), economic and operations report for the year 2017/18 ending June 2018, which indicates…

Read More

Tax breaks for South Africans who install solar power systems

  South Africa’s government, energy regulator and Eskom have often been criticised for obstructing the introduction of distributed, small-scale embedded generation (SSEG) which would help businesses to cut costs and ensure the stability of their power supply during load shedding. But in fact, there are significant and far-sighted tax breaks which have been put in place by National Treasury to encourage and incentivise business owners to install their own generation in the form of grid-tied, rooftop or ground-mounted solar PV systems on buildings, parking lots, warehouses, factories, and farms. Accelerated…

Read More

On cusp of pan-African trade deal, giant Nigeria clings to protection

LAGOS (Reuters) – Adeleke Adeleye stands in front of a bank of whirring printers spinning out dozens of envelopes a minute in Nigeria’s commercial capital of Lagos. His stationery company, FAE Ltd, is thriving and will move into a larger factory nearby by the end of next year. But he sees trouble on the horizon in the form of a new African free trade agreement aiming to unlock a market of 1.3 billion consumers – but which many in Nigeria, the continent’s largest economy, view as a threat. “It’s definitely…

Read More

Furniture manufacturing industry crafts plans to stimulate sector

The South African furniture manufacturing industry, which has shed thousands of jobs in recent years, partly due to cheaper imports, is considering plans to stimulate the sector. The sector is calling on the government to enforce its procurement guidelines which are meant to prioritise local suppliers. The furniture manufacturing industry, which produces kitchen units, office desks and chairs among other products, contributes approximately 1% to SA’s gross domestic product and employs more than 26,000 people in about 2,000 factories. In the early 2000s the sector employed about 50,000 people in…

Read More

Coal, the backbone of South Africa’s electricity

  Seen as the backbone of South Africa’s electricity supply, coal plays a vital part in the country’s energy production.The inaugural Coal Industry Day discussion panel saw corporates coming together in Joburg last week for an in-depth look into ways to resolve power generation challenges currently plaguing the country. Mining investment company Menar’s managing director Vuslat Bayoglu highlighted ways in which the sector could address some of its difficulties. “Coal suppliers need to deal fairly with Eskom by seeking reasonable returns and not excessive profits. High input costs to power…

Read More

OPINION: Is SA really open for business?

SELLO MASHAO RASETHABA On Friday, the Competition Commission issued a statement that it had recommended to the Competition Tribunal that the proposed acquisition of Murray & Robert (M&R) by German firm Aton be prohibited.It is reported that there are more than 300 German companies operating in South Africa, which employ more than 60 000 people. In his budget vote speech, Minister of Trade and Industry and Economic Development Ebrahim Patel stated that one of the issues he was focusing on this year and beyond was to improve the levels of…

Read More

The Future of Zero Waste to Landfill and the New Carbon Tax

South Africa is fast approaching a situation of running out of landfill space; the inevitable “day full” is on our doorstep. The roll-out of the country’s carbon tax – which is geared towards reducing carbon emissions by 34% by 2020 and 42% by 2025 – will change the way that companies do business.   This was the message from Wasteplan CEO Bertie Lourens in a presentation at the 2019 SAPICS Conference in Cape Town. Africa’s leading event for supply chain professionals is hosted annually by SAPICS, The Professional Body for…

Read More

SA urged to be innovators in the 4IR

South Africa must not be relegated to catching up to the Fourth Industrial Revolution (4IR) but must be part of the innovators, says Transport Minister Fikile Mbalula. “We must not only respond to what others have produced because that will often give rise to additional challenges. Research and Development funding has to be prioritised by the sector, especially governments,” the Minister said. The Minister was on Monday addressing the Southern African Transport Conference at the Council for Scientific and Industrial Research (CSIR) in Tshwane. “The pace at which Industry 4.0…

Read More

Selling toilet paper on street corners turned into a manufacturing operation

DURBAN – When Jenny and Jerry Maharaj started their small business selling toilet paper on the street corners of Durban, the couple had no idea that their firm would eventually grow into a manufacturing operation. Jenny Maharaj, co-founder of Forest Tissue, who has always dreamed of being a successful businesswoman, initially wanted to study food technology but her working-class family was unable to afford university fees. Her first job was as a clerk in the debt collection department of a local supermarket. She then worked as a receptionist and managed…

Read More