Entries by Creamer Media

Boland Cellar commissions 473 kW crowdfunded solar installation

Paarl-based wine cellars Boland Cellar and peer-to-peer solar leasing platform Sun Exchange received crowd funding from 1 204 individuals from 85 countries to finance a 473 kW solar project to provide clean electricity for the wine cellar, while also reducing its electricity costs and emissions. The crowdsourced and global approach to solar finance was enabled […]

Industrial investment will flow if South Africa ‘consistently’ builds 1.6 GW of wind yearly

Leading wind-energy project developers and original equipment manufacturers (OEMs) are convinced that South Africa’s plan to install 1.6 GW of new wind capacity yearly until 2030 is more than sufficient to attract large-scale industrial investment. These captains of industry warn, however, that the country will need to back-up the policy certainty currently being provided by […]

IDC aims to ‘catalyse’ recovery plan, but won’t go it alone as impairments bite

The Industrial Development Corporation (IDC) – which reported a R3.8-billion loss for the 2019/20 financial year, driven by a surge in impairments from R4.8-billion to R9.6-billion – has revised its investment strategy with the aim of “catalysing” government’s Reconstruction and Recovery Plan through risk-sharing partnerships with private and public co-financiers. CEO TP Nchocho stressed that […]

DTIC revitalisation programme makes progress at Botshabelo Industrial Park

The Botshabelo Industrial Park, in the Free State, has attracted investments valued at more than R500-million owing to the Department of Trade, Industry and Competition’s (DTIC’s) revitalisation programme that is being rolled out. Upgrading the park forms part of the DTIC’s Revitalisation of Industrial Parks Programme, which is being implemented throughout the country to renovate […]

Traxtion to invest billions in rail infrastructure development over next five years

Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with State-owned rail entity Transnet. Traxtion plans to invest a further R14-billion to R17-billion […]

‘Great opportunity’ to tap Mpumalanga’s grid capacity for just transition – IPP Office

The extension of South Africa’s Renewable Energy Development Zones (REDZs) to areas where coal jobs are at risk, but where grid capacity is available, represents a “great opportunity” to connect new renewable-energy generators while also supporting a just transition for coal workers, a senior official at the Independent Power Producer Office (IPPO) argued on Monday. […]

Water supply projects in Sedibeng, Maluti-a-Phofung areas to resume

Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has confirmed that the Department of Water and Sanitation (DWS) had resolved a matter that involved delayed payment of service providers and, specifically, the department has paid R80-million to Sedibeng Water for continuation of projects in the Sedibeng district municipality. In turn, Sedibeng Water has made a […]

South Africa’s rail expansion plan links Soweto to Johannesburg

South Africa’s only high-speed rail network is drawing up a multibillion rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects the government says are key to reviving the economy. A proposal for the venture is awaiting sign-off by the National Treasury, William Dachs, chief executive officer of the Gautrain […]

Ethiopia slams pressure after Trump remark on destroying dam

Ethiopia slammed international pressure regarding its long-running dispute with Egypt and Sudan over a hydropower dam on the Nile River, after US President Donald Trump suggested Cairo could destroy the dam. “Ethiopia will not cave in to aggressions of any kind,” the office of Ethiopian Prime Minister Abiy Ahmed said in a statement. “Ethiopia may be […]