• July 25, 2024
• Infrastructure
• 0 Comments

On July 24, 2024, New Development Bank (NDB) issued an RMB 8 billion, 3-year Panda Bond priced at 2.03% in China’s Interbank Bond market. This transaction marks NDB’s second Panda bond issuance in 2024, following the largest-ever 5-year Panda bond issued in January. The Bond issuance attracted significant interest from investors, with more than 30 onshore and foreign investors participating. …

• July 24, 2024
• Infrastructure
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A delegation of the World Bank Group’s (WBG’s) board of executive directors (EDs) has noted South Africa’s and Namibia’s progress in achieving their development goals and has reaffirmed the bank’s commitment to providing support to the two countries. The 11 EDs and alternate EDs were hosted by the World Bank and International Finance Corporation (IFC) country offices during their recent …

• July 24, 2024
• Infrastructure
• 0 Comments

The Port of Richards Bay, in KwaZulu-Natal, is progressing with planning for infrastructure and terminal investments aimed at consolidating its position as a bulk export hub for key minerals such as coal and chrome, while also diversifying its activities to include more containers, as well as the importation and storage of liquefied natural gas (LNG) and liquid fuels. The developments …

• July 24, 2024
• Infrastructure
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Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the woods yet”, TFR north corridor acting managing executive Theo Johnson has said. “‘Slight improvement’ is a term that I would accept. We’re working on a lot of initiatives in the North Corridor, …

• July 24, 2024
• Infrastructure
• 0 Comments

Rand Water is set to embark on the final phase of its extensive five-week maintenance project across Gauteng, with the water utility warning that it may take up to two weeks to fully recover after the completion of the maintenance work. The project, which started on June 22 and is expected to wrap up by the end of July, has …

• July 24, 2024
• Infrastructure
• 0 Comments

JSE-listed Vodacom on Wednesday reported that its group revenue expanded 1.5% to R36.2-billion, impacted by foreign exchange rate headwinds, but boosted by its operations in Egypt, during the three months ended June 30. Group service revenue increased 10% on a normalised basis, as Vodacom’s revenue diversification strategy – by product and geography – starts bearing fruit in a challenging economic …

• July 23, 2024
• Infrastructure
• 0 Comments

Public Works and Infrastructure Minister Dean Macpherson, in an address to the National Council of Provinces on July 23, committed to ensuring that his department would be transparent so as to build public trust and be held accountable to deliver infrastructure-led development. “We want to bring new hope to the country and see the department play a leading role in …

• July 23, 2024
• Infrastructure
• 0 Comments

The Presidential Climate Commission (PCC) and the World Wide Fund for Nature (WWF) have welcomed the signing into law of the Climate Change Bill. The Presidency has announced that President Cyril Ramaphosa has signed into law the Climate Change Bill, which sets out a national climate change response, including mitigation and adaptation actions, which also constitutes South Africa’s fair contribution to …

• July 23, 2024
• Infrastructure
• 0 Comments

The Cape Town Container Terminal (CTCT) has taken delivery of 15 new haulers, a portion of an expected consignment of 47 new haulers that is scheduled to reach the terminal at the end of this month. This follows the arrival of 10 haulers at the terminal last month. The CTCT says the haulers are key in moving containers within the terminal …

• July 23, 2024
• Infrastructure
• 0 Comments

Eskom will replace its declining coal capacity with clean-energy options in line with country policy and the Just Energy Transition, Eskom GM for primary energy Dan Mashigo told participants at a conference on coal and the energy transition. Speaking on behalf of Eskom CEO Dan Marokane, Mashigo reported that the State-owned company had a 20 GW-plus generation project pipeline, including …