Young leaders from Canada, Fiji, Pakistan, Uganda win Commonwealth Youth Awards 2020

Four outstanding young people have won Commonwealth Youth Awards for innovative projects that are delivering sustainable development in their countries. The awards recognise exceptional contributions by young people whose ventures are helping their countries achieve the United Nations Sustainable Development Goals (SDGs). The regional award winners are: Africa and Europe: Brian Galabuzi Kakembo, Uganda, turning plastics into eco-friendly briquettes (focus on SDG 8: decent work and economic growth) Asia: Hafiz Usama Tanveer, Pakistan, bringing clean water to poor communities (focus on SDG 6: clean water and sanitation) The Caribbean and Canada: Sowmyan Jegatheesan,…

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S.African rand falls as Moody’s cuts growth forecast, stocks firm

(Reuters) – South Africa’s rand weakened on Monday, as ratings agency Moody’s cut its forecast for the country’s economic growth due to lacklustre private sector demand at home and power cuts. As of 1510 GMT, the rand ZAR=D3 was 0.4% weaker at 15.00 against the dollar. Moody’s cut its 2020 GDP growth forecast to 0.7% from a forecast of 1.5% set in September, due in part to the detrimental impact of widespread power outages on manufacturing and mining activity. Moody’s is the last of the major international agencies to keep an investment grade rating…

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Moody’s cuts South Africa’s 2020 GDP growth forecast to 0.7%

(Reuters) – Ratings agency Moody’s has cut its 2020 growth forecast for South Africa to 0.7%, saying the economy remained stuck in low gear due to lacklustre private sector demand at home. Moody’s, which in September had foreseen growth of 1.5%, also attributed the downgrade to the detrimental impact of widespread power outages on manufacturing and mining activity, it said in a research report released on Monday. State-owned utility Eskom produces more than 90% of South Africa’s electricity, but its ailing fleet of coal-fired plants have struggled to keep up with demand,…

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The US has just dealt a major blow to South Africa – and another one might be on the way

The Trump administration is changing a key exemption to America’s trade laws to make it easier to penalise about two dozen developing countries including China, India and South Africa. The announcement means that South Africa has effectively been removed from a list of nations that can receive preferential trade benefits and is now likely to attract higher import duties and levies to the US market. It may also see the manufacturing sector losing billions of rand in revenue. Speaking to IOL, the National Association of Automobile Manufacturers of South Africa (Naamsa) said the move was…

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A new smart and safe way to monitor powertrain equipment in hazardous areas

Operators can carry out remote real-time health checks on powertrain equipment in hazardous areas with  ABB Ability™ Smart Sensors that offer improved analytics, functionality and communications.  ABB will launch its Smart Sensor for rotating machines operating in hazardous areas at Hannover Messe 2020, the leading international technology fair.   It further extends the existing scope of applications for ABB Smart Sensors with a new generation design for powertrains in hazardous areas. Chemical and oil and gas customers can now benefit from cost-efficient condition monitoring in a wide variety of applications. …

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Transnet Action Plan for the Prevention of the Coronavirus

In line with the World Health Organisation (WHO) efforts to prevent the spread of the Novel Coronavirus, Transnet SOC Ltd has implemented additional procedures for all vessels entering South African ports. The Coronavirus has been declared a global health emergency by the World Health Organisation. Transnet is the custodian of ports and terminals in the country and it is responsible for monitoring all vessels. This is done through its divisions, the Transnet National Ports Authority and Transnet Port Terminals. Transnet SOC Ltd has instituted strict health measures and is working…

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145 Years After Jules Verne Dreamed Up a Hydrogen Future, It Has Arrived

Verne wrote of a world where “water will one day be employed as fuel, that hydrogen and oxygen which constitute it, used singly or together, will furnish an inexhaustible source of heat and light, of an intensity of which coal is not capable”.

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Managing complex supply chains with automation and innovation

The world has drastically changed for discrete manufacturing, and only now are many organisations realising that they haven’t driven sufficient innovation in their supply chains to respond to these challenges. If asked “what do you feel is the biggest threat to manufacturing organisations in 2019?”, you might suggest any of the following: The increased need for product customisations More pressure than ever to get to market faster than the competition The logistics challenge of global supply chains It’s becoming very real for a lot of manufacturers, with rising prices for…

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No pot of gold as China mines Sierra Leone

No pot of gold as China mines Sierra Leone

When the Chinese gold miners came to Masumbiri, a town in northern Sierra Leone, everyone lined up for jobs. Teenagers lied about their age, and women and girls went to cook and clean at the miners’ camp, a gated compound on a nearby mountainside overlooking rice fields. Dayu, a private company that started working in Sierra Leone last year, is the latest in a line of Chinese firms drawn to the mineral-rich ground of the west African state’s Tonkolili district in search of gold. “The people were happy at first…

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Africa is ‘new frontier of economic growth’, Ramaphosa tells G7 leaders

President Cyril Ramaphosa has told world leaders that Africa is the “new frontier of economic growth and development”, as he seeks to boost inbound investment to kick-start SA’s sluggish GDP growth rate. Ramaphosa was speaking at the G7 and Africa Partnership taking place in Biarritz, France. SA was invited to attend the conference by President Emmanuel Macron of France. In an address Ramaphosa said that the adoption by 55 countries of the the Africa Continental Free Trade Area Agreement was a “important milestone”. “This free trade area is now the…

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