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Opportunity Issue 99

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Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors and looks to provide its readers with first-hand knowledge about South African business. Opportunity also looks to present South African business to international markets that may have interests in investing in South Africa. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).

News & snippets Industry

News & snippets Industry insights from the past quarter ZULULAND BUS SERVICE MAY GO NATIONAL Covid-19 not only put paid to many holiday plans, it also forced the closure of well-known long-haul bus companies. Unitrans Passenger, which owns Greyhound and Citiliner Coaches, shut down operations of these two companies in the middle of February 2021. A bid to buy the Greyhound fleet and network was being prepared by Mduduzi Sithole of Zululand Bus Service. Zululand Bus Service currently has 80 buses and four depots with a staff complement of more than 200. Representatives of the five unions that were affected by the shut-down met with Unitrans and it remains to be seen if further action will be forthcoming in that regard, but Sithole’s plan would involve reemploying Greyhound staff as far as possible and integrating the new operations into the already-sizable fleet that he runs. “We are putting a comprehensive proposal together with various funding institutions,” said Sithole. He added, “The Greyhound brand is a good brand.” MANY FIRSTS IN FIVE DECADES OF COLD STORAGE In 2021 CCS Logistics, a subsidiary of Oceana Group, celebrated 50 years in business. Over the years, CCS has been responsible for many firsts in the industry. One such highlight was achieved in 1992 when CCS Logistics became the first cold storage company to store products at -60°C . Having steadily grown and improved its facilities over the years, CCS plays a critical role in food security for millions of South Africans, Namibians and export markets. It also plays a crucial role in supporting Oceana Group's fishing operations. That's how it's become Africa's leading cold storage operation, with seven top-class facilities in South Africa and Namibia, offering 90 000 metric tons of refrigerated warehousing. CCS Executive Director Ina Botha says, "We can attribute our achievements to the hard work, passion and loyalty of our people." HELIUM SALE AGREEMENT BOOSTS RENERGEN Domestic natural gas and helium producer Renergen announced in October 2021 the completion of a forwardsale agreement for an amount of 100 000 units of helium in a 19-year agreement, with each unit representing a thousand standard cubic feet (mcf) of liquid helium to Argonon Helium US Inc (Argonon), a Delaware-incorporated helium-trading company. Argonon will use the helium to issue tokens, which will in due course be listed on an exchange with the assistance of financial services provider Purple Group Limited’s EasyCrypto platform. The tokens will be fully redeemable for helium at the plant, giving investors the ability to participate in the difference between refinery price and the current spot price. Stefano Marani, CEO of Renergen, said, “Helium is a rare element without substitutes and the importance and critical role it plays across several high-growth sectors including medical imagery (MRIs), welding, fibre optics and electronics is leading to a growing global shortfall of helium supply, and rising prices. Through the development of its world-class, high-grade, Virginia Gas Project in the Free State, Renergen is in a strong position to supply this growing market and continue to create long-term value for all our stakeholders.”

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