Gautrain set for big loss as ridership falls owing to Covid-19 . Weekday Gautrain rail ridership has fallen to about 14% of pre-Covid-19 levels, to 7 478 passenger trips a day, says Gautrain Management Agency (GMA) COO Tshepo Kgobe.

Bus ridership is at 16% of pre-...

The time for S Africa to shift to EV production is now, says TIPS report . South African policy-makers and automobile manufacturing sector stakeholders need to develop a coherent strategy for the shift to the production of electrical vehicles (EVs), or fall behind global deve...

High-level Nedlac working group on economic recovery begins meeting . The first formal meeting of the small multi-stakeholder working group set up to finalise South Africa’s Covid-19 economic recovery plan is expected to take place next week, with a preliminary planning ...

Govt ‘in contact’ with companies that have shelved investment pledges . Department of Trade, Industry and Competition (DTIC) director-general Lionel October reported on Wednesday that government would continue to engage with those companies that had withdrawn investment pl...

DTIC makes case for export tax on scrap ahead of infrastructure-led recovery effort . The Department of Trade, Industry and Competition (DTIC) has again underlined its support for the implementation of an export tax on scrap metal as a way of securing supply for domestic scrap-consuming...

Necsa poised for year-long ‘rationalisation’ as it warns of R331m loss . The South African Nuclear Energy Corporation (Necsa) expects to formally initiate a year-long rationalisation of the State-owned enterprise in September, while warning of a likely R331-million loss for...

Six months set aside for merger of CEF’s oil and gas subsidiaries into ‘Newco’ . The process of merging the State-owned entities of PetroSA, Igas and the Strategic Fuel Fund (SFF) into an “integrated national petroleum company” will formally begin on September 1, with six months ha...

PPP legislation being reviewed to “make it more workable”, says De Lille . South Africa’s public-private partnership (PPP) legislation is undergoing a review, says Minister of Public Works and Infrastructure Patricia de Lille.

“I can confirm that there is a review at the mo...

R100bn Infrastructure Fund gains traction with MoA signing . Infrastructure South Africa (ISA), an entity of the Department of Public Works and Infrastructure (DPWI), has entered into a memorandum of agreement (MoA) with the National Treasury and the Development...

Sasol’s new-look strategy will seek to ‘reset’ group for low-carbon world . Embattled chemicals and energy group Sasol aims to officially unveil its new-look strategy, dubbed Future Sasol, later this year. It has already indicated, however, that the plan will seek to repositio...