THE BEST OF THE GPS E-NEWSLETTER
Each month Sassda rounds up a selection of global and local market intelligence articles that are sent to our members in an easy-to-read package of content. They’re designed to highlight pockets of potential growth of stainless steel. Here are some of the best articles from the last few issues...
Government to spend R903-Billion on infrastructure development over next 3 years
Delivering the 2023 Budget Speech earlier this year Finance Minister Enoch Godongwana said government spending on infrastructure is expected to reach R903-Billion over the next three years with state-owned companies contributing the lion’s share to this investment. He reported that the largest portion of this, around R448-Billion, will be spent by state-owned companies, public entities, and public-private partnerships. All of which presents an excellent opportunity for the use of local stainless steel...
Improved infrastructure can help SA escape low growth
Infrastructure challenges in South Africa are mounting in what is turning out to be a perfect storm of power cuts, water shortages, and potholes that are all too common.
The South African Institution of Civil Engineering (SAICE) highlighted these challenges in its 2022 state of infrastructure report that revealed that South Africa is at risk of becoming a “failed state”.
The report assessed 32 different infrastructure segments and found only 15 to be “satisfactory” or above (graded C or above), with the remaining segments falling into being at risk of failing’ (D) or ‘unfit for purpose’ (E).
South Africa’s overall infrastructure rating was a D, indicating that infrastructure is not coping with normal demand and is poorly maintained...
WBHO hopes to return to Total’s Mozambique project before June
JSE-listed construction and engineering group WBHO is hopeful of a potential return to work in Mozambique, where it has a major contract for a camp facility at TotalEnergies’ liquefied natural gas (LNG) project and several Sasol contracts. The TotalEnergies gas infrastructure project in Mozambique was suspended in 2021 following insurgent attacks in the Cabo Delgado province, where it is situated. Presenting WBHO’s interim results on Wednesday, Group CEO Wolfgang Neff said positive signs are emerging that activity on the project may resume later in 2023.…
Canyon Coal to develop new R1.4-Billion mine in Mpumalanga
Canyon Coal is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023, with the first phase of the Gugulethu project on track to be completed in eight to ten months and expected to produce 1.2 million tons a year. Formerly known as De Wittekrans, Gugulethu is a greenfield project located southeast of Hendrina that Canyon bought out of business rescue. Phase 1 of the project holds an economically mineable reserve of 14.3 million tons of run-of-mine (RoM) coal. It comprises three pits, one of which has been specifically designed to gain access to the underground reserve as part of Phase 2….
SA Breweries invests R825-Million into expansion of Prospecton
Kwazulu-Natal (KZN) Premier Dube-Ncube has presided over South African Brewery’s multi-million expansion project. The visit aims to unpack SAB’s R825-Million investment into KZN, as pledged at the South African Investment Conference.
In a multi-million rand investment that will create more than 25 000 job opportunities, SAB is set to expand its operations after setbacks, including the COVID-19 pandemic and the devastating floods in April and May 2022.
Dube-Ncube described SAB’s investment into its Durban-based, Prospecton Brewery as an overwhelming vote of confidence in the future of the province…
Massive win for new gas project in SA
Natural gas producer Renergen has announced that it has produced its first amount of liquid helium at its Virginia Gas Project based in South Africa.
The Virginia Gas Project, owned and operated by Renergen’s subsidiary Tetra4, is South Africa’s only onshore petroleum plant.
It covers an area that includes Welkom, Virginia, and Theunissen. Renergen estimates that the helium reserve at the site could be as large as 9.74 billion cubic meters, making it larger than the known reserves of the entire United States.
According to Transparency Market Research, an international market analysis firm, the bulk liquid helium
industry is expected to be worth $2.7-Billion…