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Raubex warns of 20% drop in FY earnings

Raubex warns of 20% drop in FY earnings

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction industry, particularly in the road construction sector.The JSE-listed firm said on Tuesday that its earnings a share would fall by at least 46.7 a share, from 233.5c a share in 2017, and that its headline earnings a share would decline by 45.7c, from 228.6c in the previous corresponding period.The weak trading conditions during the second half of the financial year had negatively impacted on Raubex subsidiaries, both in the road construction...

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction...

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall...

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New statistics point to renewables playing a role in load-shedding mitigation

New statistics point to renewables playi...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to load-shedding. Compiled by the Council for Scientific and Industrial Research CSIR Energy Centre, the statistics highlight a particularly strong correlation between the daily generation profile of the country’s 1 479 MW solar photovoltaic PV fleet and the times of the day that load-shedding occurred in June, July, November and December.In total, Eskom resorted to rotational power cuts on 12 days last year, equating to 128 hours of either Stage 1 1...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the...

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Sanedi ready to support the mining industry in energy efficiency

Sanedi ready to support the mining indus...

CAPE TOWN miningweekly.com The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute Sanedi . Energy Minister Jeff Radebe said the mining industry would need innovative and novel solutions to reduce energy consumption and produce more with less. It also needed ways to reduce the high carbon content of certain products and high-emission processes. “Sanedi is ready to explore the best possible approaches and practices to relieve and assist the mining sector in introducing reliable and affordable sustainable energy while moving away from some of the traditional and...

CAPE TOWN miningweekly.com The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute Sanedi . Energy Minister Jeff Radebe said...

CAPE TOWN miningweekly.com The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support...

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Radebe insists IRP to be approved soon, amid Nedlac uncertainty

Radebe insists IRP to be approved soon, ...

Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan IRP for electricity, despite persistent suggestions that National Economic Development and Labour Council Nedlac sign-off of the document is still months away. Speaking at a briefing in Pretoria on Friday, following a meeting with Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih, Radebe indicated that consultations had been finalised with both Parliament and Nedlac. “As you will recall, in August of 2018, we released a draft IRP, which many South Africans have commented on. We are now finalising all those...

Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan IRP for electricity, despite persistent suggestions that National Economic Development and Labour Council...

Energy Minister Jeff Radebe has reiterated that Cabinet could soon approve the long-awaited update to South Africa’s Integrated Resource Plan IRP for...

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