South Africa’s Presidential Climate Finance Task Team has their work cut out for them: in a few weeks the team will have to thrash out and publish details of the US$8.5 billion just energy transition partnership ahead of COP27 in Sharm El-Sheikh, Egypt in November 2022. According to the Presidential Climate Commission’s First Annual Review…
While global investment in renewable energy has increased, a new Bloomberg report shows that half of the countries that pledged to phase out coal at the COP26 talks saw an increase in coal generation in 2021. The continued use of coal-fired energy has resulted in a 7% increase in sector emissions beginning in 2021. More…
With the global rush to wean economies off fossil fuels, Total Energies and Shell are racing against the clock to make hay while the Just Transition sun shines on oil, fueling hopes that Namibia’s largest oil discoveries since independence could double its economy by 2040. Total Energies and Shell announced earlier this year that they…
Business groups have urged the South African government to postpone the implementation of new carbon tax increases until after 2035. Business Unity South Africa (Busa), Business Leadership South Africa (BLSA), and others have called for the government to consider a higher carbon price only “after 2035,” a delay in annual carbon tax increases until “at…
Global cybersecurity and digital privacy company Kaspersky says as cyberattacks on pipelines, water pumping stations and manufacturing plants hit the news, customers and investors are growing more aware of the need for organisations to take responsibility for the protection of their potential cyber vulnerabilities. Cybercrime can have a significant impact on businesses, and cybersecurity…
The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund and the African Union Commission (AUC), have announced the African Women Impact Fund (AWIF) Initiative’s achievement of its first commitment of USD$60 million. The announcement was made at…
Inpixon, the Indoor Intelligence company, Monday announced a collaboration agreement with Schauenburg Systems, an original-equipment manufacturer of mine safety systems and equipment, to sell Inpixon’s real-time location technologies to mining companies in South Africa. Under the agreement the parties will aim to achieve sales of hundreds of thousands of nanoLOC chips and other core technologies…
Deloitte Africa has appointed Jayne Mammatt and Jyoti Vallabh, two renowned sustainability and climate change specialists, in its Audit & Assurance division. Both women will join the firm as Partners – forming part of Deloitte’s effort to help clients to develop, execute and report on their Environmental, Social and Governance (ESG) initiatives. This includes the…
The race is on to restore South Africa’s mining industry’s reputation among global critics of an industry largely associated with deplorable environmental management practices. On Monday, President Cyril Ramaphosa paid a visit to the Jagersfontein mine in the Free State, followed by Mineral Resources and Energy Minister Gwede Mantashe and his deputy minister the very…
Anglo American plc this week issued its first sustainability-linked bond, including performance targets to reduce greenhouse gas emissions and fresh water abstraction, and to support job creation in host communities. This €745 million bond is the first instrument issued following the publication of Anglo American’s Sustainability Financing Framework and bond investors will be entitled to…
