News

COVID -19 LEVEL 4 LOCKDOWN - HEALTH AND SAFETY MEASURES IN THE SOUTH AFRICAN PORT SYSTEM
As announced by President Cyril Ramaphosa on 23 April, South Africa has moved to Level 4 national lockdown as from 1 May 2020 and this measured approach allows additional commercial activity to ignite the economy.

Please follow link below for full Update.

This document serves as a draft framework for the risk-adjusted strategy to bring different sectors of the economy back to work.

Classification of sector follows the Standard Industrial Classifications (SIC) as published by Statistics South Africa. Where an entire division is permitted, it should be assumed that all subgroupings are permitted as well. Where only certain subgroupings are specifically permitted within a division, it should be assumed that other subgroupings are not.

The IDC Covid-19 Essential Supplies Intervention is designed to
provide funding to companies that have capacity to acquire and/
or manufacture products needed to treat, curtail and combat the
spread of the Covid-19 pandemic.

For more information read the attachment:

As South Africa enters the nation-wide lockdown declared by President Cyril Ramaphosa this week to contain the spread of the Covid-19 pandemic, black entrepreneurs can look forward to funding of between R500,000 and R10 million in concessionary loans to purchase machinery, equipment and raw materials and to fund other working capital requirements for the manufacture and supply of medical masks, sanitisers, dispensers and related healthcare products.

The Business Hub Helping your business deal with the Corona pandemic

 
This guide provides the following essential information to help your business navigate the COVID-19 lockdown:

- Where to find COVID-19 lockdown regulations
- A clear explanation of what constitutes essential goods  and services
- How to apply for an essential business permit
- Government funding available to SMMEs

For more information open the attachment below.

South Africa’s coronavirus debt relief fund for businesses is now live. To assist businesses during this difficult time, the Department of Small Business Development has launched a debt relief fund to help mitigate the impact of the economic shutdown caused by the coronavirus on small, micro and medium enterprises (SMMEs). To qualify for access to the fund, businesses will be required to register on the SMME South Africa platform http://www.smmesa.gov.za/

The South African Future Trust (“SAFT”) is an independent trust, in partnership with the South African government and private sector. SAFT will extend direct financial support to SMME employees who are at risk of losing their jobs or will suffer a loss of income because of COVID-19. SMMEs should register their interest directly with their bank. Currently this scheme is limited to clients of Standard Bank, ABSA Bank, First National Bank and Nedbank for more information please follow the link below.

The Motsepe Foundation and its associated companies, which include Sanlam and African Rainbow Capital. The foundation indicated a keenness to assist those in our society who are particularly more vulnerable. The foundation is going to be spending some of the funds on essential items like sanitisers, disinfectants and personal protection equipment gear to help in the healthcare system. Please follow the link below to apply.

The Department of Labour has introduced a new e-mail address for the Temporary Employer/Employee Relief Scheme (TERS) to help companies fund their employees’ wages amid the COVID-19 pandemic.

To obtain application forms and all relevant details, send an email to: covid19ters@labour.gov.za or call  (012) 337 1997.

The impact of COVID-19 on the Oil & Gas Prices and Capital Spending

Key takeaways

  Rovuma LNG project on hold due to coronavirus and gas slump

§  Oil majors continue to achieve softer earnings due to crude and natural gas price environment

§  OFS and Oil & Gas EPC companies’ 2019 earnings hit by impairments

§  Coronavirus outbreak continues to weaken crude oil and natural gas prices

§  Oil companies revise their capital budgets and dividend payments downwards on the back of crude oil price crash

Dear Members and Stakeholders,

Attached please find the electronic version (Soft Copy) of the TPT tariff book for the period 1 April 2020 to 31 March 2021.

The tariff book will  no longer be printed in book form, as the demand for books has dwindled significantly over the past two years, and maybe because of this we can collectively claim ownership of the saving of paper.  

The tariff book will also be published on the TPT website for downloading.

Dear Members,

Please find attached the Draft Upstream Petroleum Resources Development Bill, could we kindly request your comments of the attached Bill presented on the 28th Jan 2020. All comments are to be in SAOGA’s inbox by COB 19th Feb 2020.

Team SAOGA looks forward to your collective reply,

This letter and enclosed information provides notification of the commencement of a seismic survey off the
South-West Coast of South Africa.
Notice is hereby given in terms of the approved Environmental Management Programme (EMPr) that Anadarko
South Africa (Pty) Ltd (Anadarko) is proposing to commence with a three-dimensional (3D) seismic survey within
Petroleum Licence Block 5/6/7 off the South-West Coast of South Africa on 01 January 2020. Petroleum Geo-

Gas is a desirable and integral part of South Africa’s future energy mix, but the country’s significant reliance on coal is not going to dissipate with the “flick of a switch”, says industry body South African Oil and Gas Alliance (SAOGA)

Executive Director Niall Kramer.

The Area 1 Project (previously the ‘Anadarko’ Project) that has achieved FID is now a reality and work on the initial projects to prepare the site in the Afungi Peninsula for the development of the LNG trains and associated projects has begun.

Many of the initial work packages have been issued, but with the need for local content and South Africa’s access through funding from South African DFI’s, there is an excellent opportunity for South African based suppliers to tap into this US$25bn project.

We have tried to make this visit extremely flexible and it should be viewed as one aspect of a broader Mozambique engagement during this week.

The visit will start in Pemba on Sunday 10th November 2019 and companies have the option of departing on the morning of Wednesday 13th November for Johannesburg or for Maputo where they can participate in the 6th Mozambique Gas Summit & Exhibition taking place at the Joaquim Chissano Conference Centre in Maputo on 13 and 14 November 2019.

The government has grand plans to build a gas economy in SA, but as existing reserves dwindle with no new production in sight — could this proposal for a bright future be just a pipe dream?

Minister of mineral resources and energy Gwede Mantashe certainly did not seem to think so as he outlined steps to establish SA’s gas sector, at the African Oil & Power conference last week.