Commercial operation starts at R3.5bn Dedisa peaker power project

Commercial operation starts at R3.5bn Dedisa peaker power project

Commercial operation has started at the 335 MW Dedisa Peaking Power project, in the Coega industrial development zone, in Port Elizabeth. The R3.5-billion project was originated by the Department of Energy (DoE), with the build, own and operate contract awarded to a consortium comprising ENGIE (formerly GDF Suez), Legend Power Solutions, Mitsui & Co and […]

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Platinum extends rout, falls below $900 on Volkswagen scandal

SINGAPORE – Platinum fell below $900/oz on Tuesday for the first time since January 2009 on fears that the Volkswagen emissions scandal would reduce demand from the auto sector. Spot platinum slid to $899.80/oz, before paring some losses to trade at $902.99 by 0651 GMT. The metal, which has fallen for seven sessions out of […]

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National Braai Day

The National Braai Day initiative aims to position National Heritage Day as South Africa’s annual day of celebration. We call on all South Africans to unite around fires, share our heritage and wave our flag on 24 September every year. National Heritage Day is a public holiday in South Africa.

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Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David Constable indicated that the group expected oil prices […]

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Fixing Eskom, SAA, Sapo not for votes, says Ramaphosa

Deputy President Cyril Ramaphosa said on Wednesday that his attempts to improve the efficiency of South Africa’s state-owned entities (SOEs) are not an attempt to get more votes in the 2016 Local Government Elections. He was updating the National Council of Provinces on his plans to improve the efficiency of key state-owned entities (SOEs) such […]

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Work together to save SA iron and steel industry – Zuma

President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported and emerge from the current challenges stronger and play its […]

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Gold Fields swings to black in Q2, but cuts guidance at South Deep

JOHANNESBURG (miningweekly.com) – While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its South Deep gold mine, located along the Witwatersrand basin, narrowing the operation’s forecast yearly production by 8.5% to 229 280 oz. Despite posting […]

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Cheaper oil forces South Africa to rework biofuels subsidy

South Africa’s biofuels funding incentive is being revamped over concerns that it is unaffordable after a halving of global crude oil prices over the past year, officials said on Tuesday. A net importer of crude, Africa’s most advanced economy wants biofuels initially to meet 2%, or around 400-million litres, of the country’s annual fuel consumption […]

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Weak oil price exacts toll on Sasol’s earnings

South African energy and chemicals group Sasol confirmed on Friday that its earnings for the financial year to June 30, 2015, would be down on the previous year, despite a strong operational performance – the weaker result was largely attributed to the sharp fall in the oil prices during the period. Headline earnings a share […]

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UJ robotics centre services extended to disadvantaged learners

The University of Johannesburg (UJ) has entered into a partnership with the South African Institute of Electrical Engineers (SAIEE) that will further extend the services offered by the university’s Faculty of Engineering and the Built Environment robotics centre, Technolab, to disadvantaged learners. This was expected to create a pipeline of future engineering students for the […]

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