Industry News

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Consol halts R1.5bn expansion project amid low demand

Manufacturer Consol Glass has indefinitely suspended construction of a new R1.5-billion glass manufacturing plant in Nigel, Gauteng, owing to the reduction in demand for glass products. The company attributed this reduced demand to the Covid-19 pandemic and government’s actions to slow its spread, including the ban on the sale of alcohol and restrictions on all […]

Cashbuild acquires Pepkor’s The Building Company

Southern African building materials retailer Cashbuild has reached an agreement with Pepkor Holdings, subject to conditions precedent, to acquire 100% of the issued share capital of its wholly-owned subsidiary The Building Company (TBC), as well as the shareholder loan claims of Pepkor against TBC, for a purchase consideration of R1.07-billion TBC is a Southern African […]

Kenya on course for $5bn nuclear plant to power industry

Kenya’s nuclear agency submitted impact studies for a $5-billion power plant, and said it’s on course to build and start operating the facility in about seven years. The government plans to expand its nuclear-power capacity fourfold by 2035, the Nuclear Power and Energy Agency said in a report on the National Environment Management Authority’s website. […]

Sasol sets sights on large-scale renewables procurement as it pulls trigger on embedded …

Chemicals and energy group Sasol intends issuing, during its current financial year, a request for proposals (RFP) for wind and solar projects with a combined capacity of between 200 MW and 300 MW having received a strong response to a market-testing request for information (RFI) issued in May. Business Development, Technology and SHE VP Kribs […]

Eskom initiates procurement process for first large-scale battery energy storage system

Electricity utility Eskom has called for bids for the design and construction of a battery energy storage system (BESS) to be installed at the Skaapvlei substation at Vredendal, in the Western Cape, where the group’s 100 MW Sere wind farm is located. The system should have a minimum power capacity of 80 MW and an […]

New property developments add resiliency to industry in face of Covid-19

JSE-listed diversified real estate investment trust (Reit) Redefine Properties says accelerating trends like e-commerce and data centres are adding resiliency to industrial property against the backdrop of the Covid-19 pandemic.  The company points out that, as people’s daily lives move online, the data centre is fast becoming a key asset for service providers, and that […]