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South African Business 2024

Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted. Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.

Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.

A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted.

Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided.

South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.

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OVERVIEW<br />

Engineering<br />

Engineers are making the switch to renewable energy possible.<br />

SECTOR INSIGHT<br />

Pay-for-use models make new<br />

technologies more accessible.<br />

The Redstone Concentrated Solar Thermal (CSP) power plant<br />

project (pictured) is the largest investment so far in terms<br />

of the <strong>South</strong> <strong>African</strong> Renewable Energy Independent Power<br />

Producer Procurement Programme (REIPPPP). The large<br />

undertaking, located near Postmasburg in the Northern Cape, has<br />

also given Grinaker-LTA’s Civil Engineering division a substantial<br />

foothold in one of <strong>South</strong> Africa’s fastest-growing economic sectors,<br />

renewable energy.<br />

Many <strong>South</strong> <strong>African</strong> engineering concerns are filling their order<br />

books with renewable energy infrastructure orders as the country aims<br />

to generate more power from solar, hydro-electric and wind plants and<br />

fit more rooftop solar panels to houses and businesses.<br />

Some of the key aspects which Grinaker-LTA was responsible<br />

for included hot and cold storage tank bases, civil works, the steam<br />

generation structure and the molten salt pump towers. The 100MW<br />

plant is the first project-financed CSP with molten-salt-central receiver<br />

in the world. ACWA Power, a Saudi developer, investor and operator of<br />

power generation plants, and Chinese engineering company SEPCOIII<br />

Electric Power Construction Limited, managed the project and they<br />

jointly appointed Grinkaker-LTA as the contractor to execute the<br />

construction of the project’s critical structures.<br />

Also in the Northern<br />

Cape, engineering skills are<br />

being expanded by new work<br />

associated with radio astronomy.<br />

Local artisans from the town of<br />

Carnarvon have built telescopes<br />

for a radio telescope array project,<br />

the 350-dish HERA project, which<br />

is led by the US National Science<br />

Foundation with the <strong>South</strong> Africa<br />

Radio Astronomy Observatory<br />

(SARAO) acting as the local<br />

partner, responsible for systems<br />

engineering and construction,<br />

among other duties. At one point,<br />

the construction team grew to 20<br />

and many news skills were learnt.<br />

When dairy company Clover<br />

decided to consolidate its<br />

national operations into just four<br />

plants, technological expertise<br />

was needed to make sure those<br />

factories were able to cope<br />

with greater demand. One such<br />

company was Energy Partners<br />

Refrigeration (EPR) who were<br />

contracted to tackle a number<br />

of issues, including increased<br />

power requirements to higher<br />

refrigeration load as well as<br />

increased steam demand and<br />

pressure requirements.<br />

The upgrade of the cooling<br />

structure featured the installation<br />

of a new 10MW ammonia system<br />

and 16% of all the electricity used<br />

by the new system is generated by<br />

solar PV. An innovative aspect of<br />

SOUTH AFRICAN BUSINESS <strong>2024</strong><br />

40<br />

PHOTO: Grinaker-LTA

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