Green bonds are flourishing in the world’s hydrocarbon hub

  INTERNATIONAL – In a region known for oil wells, tankers and sprawling natural-gas plants, green bonds might raise some eyebrows. But when Saudi Electricity Co. and Qatar National Bank sold notes this month designed to fund projects including environmentally friendly buildings, smart meters and infrastructure for distributing renewable power, investors piled in. “If you have an ESG mandate and are looking for a yield pickup in a name with a phenomenally strong balance sheet, then you would be willing to buy,” said Patrick Esteruelas, head of research at Emso…

Read More

Science, technology and innovation as enablers for sustainable agricultural

  By Thulasizwe Mkhabela JOHANNESBURG – It is common knowledge that agriculture by default, as a socio-economic human endeavour, exploits resources as inputs in order to produce food and fibre as outputs. Thus, the idea that agriculture inherently has been depleting resources faster than they could be replenished has been a subject of intense discussion and debate for time immemorial. The oft-cited examples of evidence of imbalanced exploitative economic endeavour – including agriculture- are pollution, soil erosion/loss, wildlife population decline/shifts, and general alteration of a natural and native flora and…

Read More

Circular economy: moving Africa towards environmental sustainability

  A circular economy can support Africa’s economic development, enhance sustainability and help curb future health problems. But it requires collaboration between government, business and consumers. First published by ISS Today. For Africa, the impact of Covid-19 has made thinking about the future more important than ever. Recent analysis by the African Futures and Innovation team at the Institute for Security Studies forecasts that the pandemic is set to undo several years of development progress on the continent. At the same time, Covid-19 has raised questions about how prepared we are for future…

Read More

Unilever partners with government to support SMMEs

Following the outcry over its racist advert posted on the Clicks website. Following the publication of a racially offensive advert on the Clicks website by Unilever hair brand TRESemmé, the personal care and foods products company has committed to partnering with the Department of Small Business Development (DoSBD) to increase investment in small, micro and medium enterprise (SMME) development. The commitment was made on September 18, according to a joint statement issued by Unilever CEO Luc-Olivier Marquet and DoSBD minister Khumbudzo Ntshavheni on September 23. Earlier in September Clicks saw many of…

Read More

SA economy: ‘Manufacturing remains an engine of growth and must be prioritised’

  The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle. South Africa’s manufacturing sector has reached a tipping point says Eskom CEO and former Manufacturing Circle chairperson, Andre de Ruyter. He delivered the keynote address at the industry body’s AGM, outlining the measures needed to point the sector towards a successful future. Arabile Gumede (in for Bruce Whitfield) interviews Manufacturing Circle Executive Director, Philippa Rodseth. Manufacturing, welder. Picture: Pixabay.com In order to encourage investment she says, South Africa needs policy certainty…

Read More

Proudly Local: Celebrate African Beauty Brands This Heritage Month

  As Heritage Day approaches it offers a reason to remember our small local businesses, many of whom are still trying to find their feet after a tough couple of months. So, as the country starts to reopen, it is more important than ever to support local. The V&A Waterfront’s Watershed, home to African design reopened its doors last Thursday, welcoming back visitors and allowing them to discover and support some of the best local brands that South Africa and Africa has to offer. Along with many familiar faces and…

Read More

Russian plan to dig biggest Zimbabwe platinum mine clears hurdle

  When complete it is expected to produce 860,000 ounces of platinum group metals and gold a year. By Godfrey Marawanyika, Bloomberg 23 Sep 2020  09:05 Image: Bloomberg A project that aims to develop Zimbabwe’s biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $500 million syndicated funding program. While some work has started on the mine, with $100 million spent to date including exploration costs, a significant amount of investment will now be needed if Great Dyke Investments, owned by…

Read More

Jendamark evolves from machine builder to global tech company

Partnerships key to automation success, says Jendamark Automation Group MD Quinton Uren (right) and Jendamark India CEO and director Himanshu Jadhav at the company head office in Port Elizabeth. Image: Supplied/Jendamark Building both strong partnerships and world-class production facilities has been the key to Jendamark Automation surviving and thriving over three decades of business in Nelson Mandela Bay. What started as a small sideline machine-building business for group MD Quinton Uren in 1989 has grown into a global tech company with more than 600 employees serving automotive customers worldwide. In 2008,…

Read More

Covid-inspired Vitamin C boom lifts SA citrus exports

  Along with masks, hand sanitisers and Zoom, vitamin C is a product in red-hot demand because of the Covid-19 pandemic. This has triggered a surge in exports of South African citrus. South Africa’s agricultural sector has been one of the few bright spots in the economy, posting brisk growth of more than 15% in the second quarter (Q2) of 2020 when everything else imploded under the weight of the pandemic and associated lockdowns. Of course, farming was allowed to continue even under the hard lockdown and the weather has…

Read More

July hotel, food and beverage data highlight lockdown’s mounting economic costs

  The third quarter of 2020 began on 1 July and data show some sectors picking up pace after the hard lockdown to contain the Covid-19 pandemic and the second quarter’s annualised 51% contraction. But things remained bleak on the hotel accommodation and food and beverage front. Statistics South Africa (Stats SA) released two data sets for July on Monday 21 September that underscored the costs of lockdown to sectors that remained in effect shut down even as other parts of the economy were rebooting. “Measured in nominal terms (current…

Read More