Hits&Misses

Renewables plan submitted, but blackouts dampen business

SA submitted an investment plan to donors who have pledged $8.5bn (about R152bn) to accelerate the country’s transition to renewable energy that could serve as a model for other emerging economies, two sources familiar with the matter said. Presidency spokesperson Vincent Magwenya confirmed the proposal was ready but declined to say whether it had been submitted. Negotiators are racing to conclude the deal before the COP27 climate talks in Egypt next month.

SA buyers are showing a bigger appetite for newenergy vehicles (NEVs), which include petrolelectric hybrids and fullelectric vehicles. Motor industry body Naamsa said 2,689 new NEVs were sold between January and August, a more than 1,000% increase over the same period last year.

ANGLO American and Électricité de France agreed to form jointly owned Envusa Energy to develop wind and solar projects in SA. Envusa would initially develop more than 600MW of wind and solar projects in the country, they said. fell below the 50 neutral mark to 49.2 from 51.7 the previous month.

THUNGELA

Resources said an extended strike at Transnet would affect its production and MASSMART started the exports. Transnet process of closing its workers started an openended Game stores in East and strike in a wage West Africa after failing dispute that could hurt to find interested buyers, key exports, including the retailer said. It had minerals. The strike been hoping to sell the 14 would disrupt the hauling stores to local investors of coal from its and entrepreneurs with a operations to the

“more intimate Richards Bay Coal understanding of regional Terminal, it said. — and local market conditions”.