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Photo of the Week

ON THE RISE
ON THE RISE
21st October 2022

The Waterfall Management Company has rebranded its 2 200-ha Waterfall precinct in Midrand as Waterfall City. The rebranding is part of the mix-use development’s ongoing evolution from halfway house... 


SUSTAINABLE BREW: The world’s largest coffee company Nestle reports that it will invest more than $1-billion by 2030 to encourage farmers supplying its Nescafe brand to employ more sustainable farming methods as climate change and extreme weather threaten crops. Nestle will offer training on the best planting techniques as well as cash incentives to motivate farmers to take actions, such as planting cover crops to protect the soil. Photograph: Bloomberg
SUSTAINABLE BREW
14th October 2022

The world’s largest coffee company Nestle reports that it will invest more than $1-billion by 2030 to encourage farmers supplying its Nescafe brand to employ more sustainable farming methods as... 


ON THE MOVE: Special forces from the South African Police Service and South African Defence Force (SANDF) move towards a H125 helicopter during an antiaircraft-hijacking demonstration at the Waterkloof Air Force Base, near Pretoria. The demonstration took place during the Africa Aerospace and Defence (AAD) Expo 2022 in September. A South African Air Force BK117 is also seen preparing to collect SANDF special forces personnel who took part in the manoeuvre. The AAD expo was last held in 2018 before being disrupted by the Covid-19 pandemic. Photograph: Creamer Media Chief Photographer Donna Slater
ON THE MOVE
7th October 2022

Special forces from the South African Police Service and South African Defence Force (SANDF) move towards a H125 helicopter during an antiaircraft-hijacking demonstration at the Waterkloof Air... 


TANKER DEMAND: The European Union’s (EU’s) ban on Russian fuel imports is likely to increase the world’s need for oil tankers, vessel owner Torm forecasts. The EU ban on Russian oil products from February 2023 will spark a “recalibration of the oil trade ecosystem”, as the bloc brings in replacement supplies from further away and as Russia seeks new markets for its supply. Tanker demand is also being supported by refinery closures in importing countries such as Australia, New Zealand and South Africa. Photograph: Bloomberg
TANKER DEMAND
30th September 2022

The European Union’s (EU’s) ban on Russian fuel imports is likely to increase the world’s need for oil tankers, vessel owner Torm forecasts. The EU ban on Russian oil products from February 2023... 


RIBBON CUTTING: KwaZulu-Natal Premier Nomusa Dube-Ncube and President Cyril Ramaphosa cut the ribbon at the official opening earlier this month of the R7.7-billion Sappi Saiccor upgrade and expansion project. Delivering the keynote address at the mill, which is located in Umkomaas, KwaZulu-Natal, Ramaphosa said that the investment sent a signal that home-grown multinationals were taking the lead in investing in the economy. “It demonstrates confidence to other potential investors that this is indeed a favourable place to invest in and to do business.” Photograph: Sappi
RIBBON CUTTING
23rd September 2022

KwaZulu-Natal Premier Nomusa Dube-Ncube and President Cyril Ramaphosa cut the ribbon at the official opening earlier this month of the R7.7-billion Sappi Saiccor upgrade and expansion project.... 


ARDUOUS TASK: China’s special climate envoy, Xie Zhenhua, reports that the country will need nearly $19-trillion of investment to ensure a peak in the country’s emissions by 2030 and to reduce them to net-zero by 2060. China is the world’s biggest emitter, but also has the world’s largest solar and wind power fleets. “It is not easy to reach peak carbon emission within seven years and achieve carbon neutrality 30 years after that while ensuring economic safety,” Xie said at a recent conference. “It requires extremely arduous effort.” Photograph: Bloomberg
ARDUOUS TASK
16th September 2022

China’s special climate envoy, Xie Zhenhua, reports that the country will need nearly $19-trillion of investment to ensure a peak in the country’s emissions by 2030 and to reduce them to net-zero... 


FERTILISER FALLOUT: Russia’s squeeze on gas shipments in the wake of Moscow’s invasion of Ukraine is hurting industries across Europe. But Bloomberg reports that fertiliser companies are being particularly hard hit, owing to gas being both a key feedstock and a source of power for the sector. About 70% of capacity was offline in late August, according to Fertilizers Europe. And as Europe becomes a net importer of fertiliser, there are warnings that the fallout will spread to other regions, especially Africa. Photograph: Bloomberg
FERTILISER FALLOUT
9th September 2022

Russia’s squeeze on gas shipments in the wake of Moscow’s invasion of Ukraine is hurting industries across Europe. But Bloomberg reports that fertiliser companies are being particularly hard hit,... 


DRIVING RESILIENCY
DRIVING RESILIENCY
2nd September 2022

Toyota South Africa Motors is implementing various climate-resilience measures at its Prospecton plant (pictured), in KwaZulu-Natal, which was badly affected by severe flooding in April. The flood... 


GHOST VILLAGE: Extreme heat across Europe has reportedly revealed everything from shipwrecks and corpses, to ornamental gardens and ancient cities. In Spain, a drought in Galicia has led to the re-exposure of a small ‘ghost village’ known as Aceredo. Situated near Spain’s border with Portugal, the village was flooded in 1992 to make room for the Alto Lindoso reservoir. Some 30 years later tourists have been flocking to see a place frozen in time. Scientists expect Galicia to continue suffering from extreme dry spells. Photograph: Bloomberg
GHOST VILLAGE
26th August 2022 By: Creamer Media Reporter

Extreme heat across Europe has reportedly revealed everything from shipwrecks and corpses, to ornamental gardens and ancient cities. In Spain, a drought in Galicia has led to the re-exposure of a... 


FOOD INSECURITY: Besides the threat posed to food insecurity in Africa by Russia’s invasion of Ukraine, parts of the continent are also experiencing drought and conflict. In parts of northern Nigeria, for instance, production has been negatively affected by a lack of security, which has left some farmers without access to their land. The country has intervened by arming and training agro-rangers, who patrol certain areas in an effort to provide farmers, such as the one pictured here, with the security they require to resume production. Photograph:Reuters
FOOD INSECURITY
19th August 2022

Besides the threat posed to food insecurity in Africa by Russia’s invasion of Ukraine, parts of the continent are also experiencing drought and conflict. In parts of northern Nigeria, for instance,... 


HIGH POWERED: The National Energy Crisis Committee held its inaugural report back on how it will go about implementing the interventions announced by President Cyril Ramaphosa on July 25 to tackle load-shedding. Minister in the Presidency Mondli Gungubele, pictured here speaking from the podium, described load-shedding as the single-biggest constraint on South Africa’s economic growth. He was joined at the briefing (from left) by Ministers Ebrahim Patel, Bheki Cele, Enoch Godongwana, Pravin Gordhan, Gwede Mantashe and Barbara Creecy. Photograph: Creamer Media Chief Photographer Donna Slater
HIGH POWERED
12th August 2022

The National Energy Crisis Committee held its inaugural report back on how it will go about implementing the interventions announced by President Cyril Ramaphosa on July 25 to tackle load-shedding.... 


SHIFTING SANDS: Global resources group Rio Tinto, which producers a range of commodities including copper (pictured in the form of crushed ore) announced last week that it would pay a smaller dividend – a move that some commentators interpreted as a signal that the mining boom times are nearing an end. The company will pay a $4.3-billion dividend compared with the $9.1-billion it returned in the same half-year period in 2021. Photograph: Bloomberg
SHIFTING SANDS
5th August 2022

Global resources group Rio Tinto, which producers a range of commodities including copper (pictured in the form of crushed ore) announced last week that it would pay a smaller dividend – a move... 


GAS EMERGENCY: The European Union (EU) is pursuing emergency plans to shore up gas supplies ahead of winter amid fears that Russia will limit supply. Activities to save and store more gas accelerated after Russia closed the Nord Stream 1 pipeline for repairs earlier this month. Curtailments of Russian shipments affected 12 EU member States. Photograph: Bloomberg
GAS EMERGENCY
29th July 2022

The European Union (EU) is pursuing emergency plans to shore up gas supplies ahead of winter amid fears that Russia will limit supply. Activities to save and store more gas accelerated after Russia... 


DEEP FIELD: On July 11, US President Joe Biden unveiled the debut photo from NASA’s James Webb Space Telescope. Known as Webb’s First Deep Field, the image is of galaxy cluster SMACS 0723. It reveals thousands of galaxies in a tiny sliver of the vast universe. Their colours vary, with some being shades of orange and others white. In front of the galaxies are several foreground stars, which mostly appear blue, and the bright stars have diffraction spikes, forming an eight-pointed star shape.
DEEP FIELD
22nd July 2022

On July 11, US President Joe Biden unveiled the debut photo from NASA’s James Webb Space Telescope. Known as Webb’s First Deep Field, the image is of galaxy cluster SMACS 0723. It reveals thousands... 


VERTIPORT PIONEER image
VERTIPORT PIONEER
15th July 2022

A little-known Singapore airport, Seletar, may well be poised to become a global model for the future of mobility. Bloomberg reports that Singapore has already signed two agreements with advanced... 


HUNGER CRISIS: United Nations secretary-general Antonio Guterres has warned of a
HUNGER CRISIS
8th July 2022

United Nations secretary-general Antonio Guterres has warned of a "real risk" of multiple famines this year. "We face an unprecedented global hunger crisis," Guterres told a meeting in Berlin last... 


Wheat image
STORAGE WAR
1st July 2022

Ukraine was among the biggest exporters of wheat, corn and sunflower oil before the Russian invasion, which has sent shockwaves through global agriculture markets and has raised the risk of hunger... 


Photo of the week
DEALING WITH DEFECTS
24th June 2022

Eskom reports that it has made progress in addressing major boiler defects at the Kusile (pictured) and Medupi power stations. This, after encountering issues with load losses associated with the... 


LITHIUM SCRAMBLE: The shift to electric vehicles has spurred a global rush for lithium. This scramble was demonstrated during a recent auction for a controlling stake in a Chinese lithium mine, which garnered 3 448 bids. The 54.3% stake in Yajiang Snowway Mining Development, which is undergoing a bankruptcy process, was eventually sold for $299-million, after a heated bidding war, joined by 21 participants and watched by about 980 000 people online. Photograph Bloomberg
LITHIUM SCRAMBLE
17th June 2022

The shift to electric vehicles has spurred a global rush for lithium. This scramble was demonstrated during a recent auction for a controlling stake in a Chinese lithium mine, which garnered 3 448... 


CUTTING EDGE: French utility Engie will begin using an Artificial Intelligence-based technology from Google Cloud to optimise the value of its wind portfolio in Germany. The key objective of the pilot project is to predict how much wind power should be sold on which power market and at what price. Engie will be the first customer to use the solution, which it hopes will help accelerate Europe’s energy transition. Photograph: Bloomberg
CUTTING EDGE
10th June 2022

French utility Engie will begin using an Artificial Intelligence-based technology from Google Cloud to optimise the value of its wind portfolio in Germany. The key objective of the pilot project is... 


SELF SABOTAGE: Recent incidents of sabotage at Eskom power stations, including Tutuka pictured here, have exacerbated the country’s load-shedding crisis. CEO André de Ruyter has alleged that some of the perpetrators are individuals with vested interests in the coal value chain. He has also suggested that their actions could back-fire, telling delegates to the Mpumalanga Energy Summit that individuals engaging in sabotage could, ironically, accelerate the demise of the coal fleet by making it less reliable.
SELF SABOTAGE
3rd June 2022

Recent incidents of sabotage at Eskom power stations, including Tutuka pictured here, have exacerbated the country’s load-shedding crisis. CEO André de Ruyter has alleged that some of the... 


COPPER COMEBACK: Zambian President Hakainde Hichilema says he wants to triple copper output in the next decade, an ambitious target that would require $30-billion of investment, according to analysts at BMO Capital Markets. Bloomberg reports that Hichilema is going out of his way to woo investors and repair damaged relations. For their part, mining majors, including those that have been forced to retreat from the country previously, such as Anglo American, are showing renewed interest.
COPPER COMEBACK
27th May 2022

COPPER COMEBACK: Zambian President Hakainde Hichilema says he wants to triple copper output in the next decade, an ambitious target that would require $30-billion of investment, according to... 


HYDROGEN HAULING: A prototype zero-emission hydrogen-powered mine haul truck was unveiled by Anglo American at the Mogalakwena platinum mine, in Limpopo, this month. The truck is capable of carrying a 290 t payload and generates more power than its diesel predecessor. A 2700 hp diesel engine has been replaced with eight parallel fuel cells, totalling 837 kW, and a 1.2 MWh lithium-ion battery. The haul truck has been described as an important step in the group’s pathway to carbon-neutral operations by 2040.
HYDROGEN HAULING
20th May 2022

A prototype zero-emission hydrogen-powered mine haul truck was unveiled by Anglo American at the Mogalakwena platinum mine, in Limpopo, this month. The truck is capable of carrying a 290 t payload... 


RECORD REBOUND: Egypt’s Suez Canal recorded its highest monthly revenue to date in April, when ship-transit fees surged to $629-million as traffic rebounded from the impact of Covid. The total number of ships passing through the 193-km waterway linking the Red and Mediterranean seas increased by 6.3% from a year ago to 1 929 vessels. The number of oil tankers, liquefied natural gas tankers and container carriers increased by 25.8%, 12% and 9% respectively in April versus a year ago, Reuters reports. Photograph: Reuters
RECORD REBOUND
13th May 2022

Egypt’s Suez Canal recorded its highest monthly revenue to date in April, when ship-transit fees surged to $629-million as traffic rebounded from the impact of Covid. The total number of ships... 


COLLIDER RESTARTS: After a break of more than three years for maintenance and upgrading, CERN’s Large Hadron Collider (LHC) began operating again late last month, when two beams of protons circulated in opposite directions around the particle accelerator’s 27-km ring. Preparations are now under way for the LHC’s third run, during which a record number of collision experiments will be conducted at record energy levels. These collisions will allow international teams of physicists at to study the Higgs boson in great detail and put the Standard Model of particle physics and its various extensions to the most stringent tests yet. Photograph: 2022 CERN
COLLIDER RESTARTS
6th May 2022

After a break of more than three years for maintenance and upgrading, CERN’s Large Hadron Collider (LHC) began operating again late last month, when two beams of protons circulated in opposite... 


DARK DAYS: South Africa’s electricity crisis has its roots in poor policy decisions that span nearly three decades, starting with the failure to implement the 1998 White Paper. Administration after administration has failed to tackle the crisis, which has been amplified by stop-start investment, serious corruption, construction delays and a worrying skills flight. The overworked and undermaintained coal fleet is now decommissioning itself, leaving South Africans facing the prospect of a cold and dark winter, during which there is a worst-case risk of 101 days of load-shedding.
DARK DAYS
29th April 2022

DARK DAYS: South Africa’s electricity crisis has its roots in poor policy decisions that span nearly three decades, starting with the failure to implement the 1998 White Paper. Administration after... 


Photo of the week
WRONG TRACK?
22nd April 2022

Serious questions are being asked about the design of Transnet’s slot-sale process. The State-owned utility recently launched a bidding process for 16 rail slots, which will be sold ‘voetstoots’ to... 


Photo of the week
NICKEL TURMOIL
15th April 2022

he Financial Conduct Authority (FCA) and Bank of England are undertaking reviews into the governance, market oversight and risk management of the London Metal Exchange (LME), following recent... 


Pic of the week
NEW NARRATIVE
8th April 2022

Sandton was definitely another country when the great and the good of corporate South Africa met with top ranking government officials and Ministers for the fourth South Africa Investment... 


EXPORT CONSTRAINTS: While several South African coal exporters have been unable to take advantage of strong demand and prices as a result of Transnet’s operational problems, an Australian producer has warned that it, too, has only limited capacity to send cargoes to Europe to help replace Russian fuel. Bloomberg reports that thermal coal loaded at Australia’s Newcastle port soared to a record in mid-March as buyers shunned Russian shipments. However, miner New Hope, which has held talks with prospective customers in Europe, warns that most producers have their supply contracted to existing customers and that there is only limited spot cargo available. Photograph: Bloomberg
EXPORT CONSTRAINTS
1st April 2022

While several South African coal exporters have been unable to take advantage of strong demand and prices as a result of Transnet’s operational problems, an Australian producer has warned that it,... 


GAS PARIAH: At the time of writing, Europe had refrained from declaring an outright ban on Russian gas imports. Nevertheless, it is taking concerted steps to taper its imports in the short-term and wean itself off Russian gas entirely in time. It’s a tall order given that the European Union depended on Russia for about 40% of its natural gas, ahead of the invasion of Ukraine. There is also significant infrastructure, such as the facility pictured, in place to facilitate trade, whereas major new renewables and liquefied natural gas import infrastructure still needs to be developed to enable the switch away from Russia. Photograph: Bloomberg
GAS PARIAH
25th March 2022

At the time of writing, Europe had refrained from declaring an outright ban on Russian gas imports. Nevertheless, it is taking concerted steps to taper its imports in the short-term and wean itself... 


Ukraine refugees photo from Reuters
HUMAN TOLL
18th March 2022

Russia’s invasion of Ukraine has created yet another devastating refugee crisis as people flee brutal aggression. Pictured here, mostly women and children queue under a Ukraine flag to board a... 


CLIMATE COSTS: African countries are already spending billions of dollars yearly to deal with the impact of climate change, a report by Power Shift Africa shows. Spending is projected to be particularly high in countries such as Ethiopia, which the authors calculate will need to spend 5.6% of its gross domestic product (GDP), or $6-billion a year to 2030, to counter the impact of floods, climate-driven diseases, hailstorms and wildfires. South Africa, which is experiencing more frequent and extreme storms, fires and droughts, is forecast to spend more than $2-billion a year over the same period, which equates to 0.7% of its GDP. Photograph: Bloomberg
CLIMATE COSTS
11th March 2022

African countries are already spending billions of dollars yearly to deal with the impact of climate change, a report by Power Shift Africa shows. Spending is projected to be particularly high in... 


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