S.Africa’s glass packagers face $100 million hit from alcohol ban – Consol

JOHANNESBURG (Reuters) – South Africa’s glass packaging industry could lose a further 1.5 billion rand ($98 million) in sales if the latest ban on alcohol sales continues for long, the CEO of glass bottle maker Consol said on Monday. Bottles of beer move along a production line at the South African Brewery in Alrode, file. REUTERS/Siphiwe Sibeko South Africa has recently banned alcohol sales for the third time as part of efforts to free up space for COVID-19 patients in hospitals burdened with alcohol-related injuries. The first two bans together…

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Critical shortage of building and construction materials in SA

  A threat to government’s plan to stimulate the economy through infrastructure investment. The manufacture of bricks was halted for three months during the Covid-19 lockdown, and it’s four- to six-month process. Image: Shutterstock Critical shortages of building and construction materials, including cement, steel, bricks and timber, are suffocating the sector’s recovery from the Covid-19 lockdown and diminishing its impact on the recovery of the economy. David Metelerkamp, senior economist at construction market intelligence firm Industry Insight, said the shortages, if they continue for an extended period of time, have…

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The investment case for SA drug manufacturing

President Cyril Ramaphosa recently addressed the nation about his economic reconstruction and recovery plan. One of the proposals for job creation is a focus on reversing the decline in local manufacturing. The pharmaceutical sector has sadly been a prime example of this trend. Although the economic argument for reviving local manufacturing is a compelling one, it is not the only one. Alarmingly for us, over the past 15 years, South Africa has seen 40 pharmaceutical manufacturing facilities close. Most of these facilities were owned by multinational companies and manufactured their…

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Construction sector is critical to SA’s post-COVID economic recovery

Traditionally, the development of risk management plans is tailored to address assessed and quantified risks. There is however always the ‘the unknown factor’. Enter the COVID-19 pandemic. Of course, we have faced localised pandemics before, but never one on such a globally synchronous scale, thanks to global travel and trade. It propelled the entire world into unchartered territory as mass economic and travel lockdowns were implemented, and contingency plans were hurriedly rolled out. For many industry sectors and businesses already teetering on the brink, it has been a crisis of…

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South Africa’s cities to switch to solar as Eskom monopoly ends

South Africa’s cities to switch to solar as Eskom monopoly ends  In addition to improving security of supply, the move will allow the cities to boost their fight against climate change by using power that doesn’t result in the emission of greenhouse gases. Still, it will slash revenue for Eskom, which is struggling to service a $30 billion debt bill. “Internationally many cities are at the forefront of dealing with climate-change disasters and so have adopted proactive climate-change responses,” Lauren Hermanus, director of Adapt, a South African company that provides…

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It’s time for a revolution: Government gazettes SA’s 4IR blueprint

The report that outlines SA’s strategy and planned response to the fourth industrial revolution (4IR) has been gazetted. This comes shortly after Cabinet approved its publication, charting a way forward for the framework that makes recommendations on how best the country can position itself in the global 4IR context. Compiled by the Presidential Commission on 4IR (PC4IR), the report was promulgated in the Government Gazette dated 23 October 2020. According to the PC4IR, the fourth industrial revolution is an opportunity for SA to achieve Vision 2030 and beyond. In the gazette, it…

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SA e-commerce growth drives demand for logistics spaces: Equites Property Fund

  Amid the global pandemic, Covid-19 has accelerated e-commerce penetration globally thus fuelling demand for prime modern logistics space. In SA, retail and supply chain driven warehousing and logistics sectors will continue to boost demand for e-commerce. Laila Razack Some South African national retailers have seen online sales increasing during lockdown. While e-commerce is yet to peak in South Africa, the pandemic is driving this trend, according to Equites Property Fund. The company revealed this in an investor presentation of its interim results released this week. The JSE-listed specialised industrial Real Estate Investment Trust…

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SanDock Austral is South Africa’s largest Black-owned defence company

SanDock Austral has been established as South Africa’s largest black owned defence company, covering air land and sea capabilities and technologies. According to Dr Mthobisi Clyde Zondi, Executive Chairman of SanDock Austral, the current shareholders in 2018 registered SanDock Austral in line with its historical predecessor. In the 1970s and 1980s SanDock Austral was a defence conglomerate renowned for shipbuilding and armoured vehicle manufacturing and saw the construction of the SAS Drakensburg for the South African Navy, and the Ratel infantry combat vehicle fleet and G6 artillery system for the…

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SA ready for its first electric vehicle road trip

CAPE TOWN –  GENERATION.e is set to roll out South Africa’s first electric vehicle (EV) road trip from Johannesburg to Cape Town next month. Chief executive Ben Pullen said the trip would involve establishing charging stations at eight locations. Some of the charging stations will be at Travel Inn at Shell Ultra City, Kroonstad; de Stijl Gariep Hotel, Gariep Dam; Wolwefontein Hotel, Wolwefontein; and The Vineyard, Newlands, Cape Town. The charging stations will be powered by ACDC Dynamics. Mario Maio, chief executive at ACDC Dynamics said the network would lay the…

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SA will rely on coal for decades, key miner says

Seriti Resources, poised to become Africa’s second biggest coal producer, is betting that South Africa will rely on coal for decades even as Africa’s biggest emitter of greenhouse gases implements carbon taxes and is under pressure to improve air quality. The most-industrialised economy on the continent will soon release an energy blueprint to outline the sources it will get its power from in the future. The carbon tax, designed to incentivise a move away from the coal that accounts for almost all power generation, could eventually cost state-owned power utility…

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