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April transactions index increase welcome, but investors wait and see
Updated 7 hours ago By: Schalk Burger

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) increased by 0.6% month-on-month in April to reach an index level of 134.2, which is the highest level... 


Equites starts wheeling power from distribution centre to head office in Cape Town
Updated 7 hours ago By: Marleny Arnoldi

Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is... 


Absa launches non-banking subsidiary in China
Updated 7 hours ago By: Schalk Burger

Financial services firm Absa has launched a non-banking subsidiary in China to fortify the economic links between Africa and the Asian country. The office will operate under a wholly foreign owned... 


Port of Durban container operations
TPT to continue to invest in Durban Pier 2 while legal spat over private partner plays out
Updated 7 hours ago By: Terence Creamer

South Africa’s Transnet Port Terminals (TPT) says it will continue to invest in Durban Container Terminal (DCT) Pier 2 while legal proceedings around its selection of International Container... 


Airlink adopting IATA’s New Distribution Capability
Updated 7 hours ago By: Rebecca Campbell

South African regional and domestic airline Airlink has announced that it is to implement the New Distribution Capability (NDC) for its transactions with the travel trade, with effect from July 31... 


Gold Fields CEO Mike Fraser
South Deep wind power decision drawing closer, Q2 update likely on backfill problem
8th May 2024 By: Martin Creamer

Mining company Gold Fields expects to be in a position to decide on the establishment of a wind power project at the South Deep gold mine, west of Johannesburg, in the third quarter of this year.... 


Vian Smit
Personality affects susceptibility of people to cybercrime
8th May 2024 By: Rebecca Campbell

Personality type is a major factor in people’s vulnerability to cybercrime, a Stellenbosch University (SU) researcher has established. People with an “agreeable” personality were more vulnerable... 


Sugar inside Durban export terminal
High Court dismisses embattled Tongaat’s appeal on levies owed to industry
8th May 2024 By: Marleny Arnoldi

After not paying levies owed to the South African Sugar Association (Sasa) since October 2022, sugar producer Tongaat Hulett has again been ordered by the Durban High Court to pay the outstanding... 


An image of JSE chairperson Phuthuma Nhleko
JSE undertaking measures to mitigate de-listing, shrinkage
8th May 2024 By: Tasneem Bulbulia

The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News... 


Eskom coal fired station
South Africa to provide new coal-plant closure timeline to secure secure $2.6bn
8th May 2024 By: Bloomberg

South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an agency in President Cyril Ramaphosa’s office said.... 


Seen from left to right is a view from a drone delivered to the command centre in Goodwood, the view from the ISR, and live footage from a body cam during a crime combatting event
Cape Town adds new tech layer in fight against crime – Eye-in-the-Sky
8th May 2024 By: Irma Venter

Very early on in his term, Cape Town Mayor Geordin Hill-Lewis was told by law enforcement agencies that there could never be enough boots on the ground to fully combat violent crime and the drug... 


Image of COMRiC CEO Advocate Thokozani Mvelase
Telecommunications to play a critical role in upcoming elections
8th May 2024 By: Creamer Media Reporter

As South Africa approaches its 2024 national elections, scheduled for May 29, telecommunications infrastructure will play a key role in ensuring seamless communication among voters, electoral... 


High Commissioner Jeremiah Nyamane Mamabolo (left) and Honorary Consul Bassim Haidar (right) in the East of England port of Felixstowe
South Africa appoints new Honorary Consul in the UK to promote trade
8th May 2024 By: Rebecca Campbell

South Africa has appointed a new Honorary Consul in the UK, it was announced on Wednesday. An Honorary Consul serves to promote South African exports to the country (or a specific region within a... 


A rescue worker and his dog search for survivors of the building collapse
Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination
8th May 2024 By: Schalk Burger

Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa... 


Spar CEO Angelo Swartz
Spar Group to list on A2X
8th May 2024 By: Creamer Media Reporter

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and... 


Sunset with solar panels
Sappi signs PPA with trading platform to supply solar power to its South African operations
8th May 2024 By: Marleny Arnoldi

Paper and packaging group Sappi has signed a milestone 175 GWh/y renewable energy power purchase agreement (PPA) with private electricity trading company Enpower Trading. Sappi is working towards... 


Messe Frankfurst South Africa MD Michael Dehn
Commercial vehicle industry poised to grow, grasp new opportunities despite challenges
8th May 2024 By: Marleny Arnoldi

The commercial vehicle industry in South Africa is getting to understand the opportunities in the automotive sector, such as in the autonomous vehicles space, despite various macroeconomic... 


A graph showing the share of hydropower, solar and wind electricity generation growth
Renewables provided record 30% of global electricity in 2023, Ember says
8th May 2024 By: Reuters

Growth in solar and wind power pushed renewable generation to a record 30% of global electricity production in 2023, putting a global target to triple renewable capacity by 2030 within sight, a... 


Zimbabwe aims to use FDI to develop a competitive economy by 2030
7th May 2024 By: Schalk Burger

Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments... 


Trade, Industry and Competition Minister Ebrahim Patel
Patel believes industrialist policy needs continued investment to yield full potential
7th May 2024 By: Darren Parker

Trade, Industry and Competition Minister Ebrahim Patel has called for rapid scaling up of infrastructure spending, among other urgent initiatives, to ensure current industrial policy can succeed.... 


New rail-focused logistics organisation launched
7th May 2024 By: Schalk Burger

A new logistics industry body the Multimodal Inland Port Association (MIPA), formed by organisations in the transportation sector, has been launched to enhance logistics performance, reduce costs... 


New fellowship programme, to bring researchers into government policymaking, launched  
7th May 2024 By: Rebecca Campbell

The pilot phase of a joint programme of the Department of Science and Innovation (DSI) and the National Research Foundation (NRF), to bridge the gap between government and academia, was officially... 


Winners of the Milken-Motsepe Prize in Green Energy
South African company comes second in Milken-Motsepe Prize in Green Energy competition
7th May 2024 By: Sabrina Jardim

The Milken Institute and the Motsepe Foundation have announced Aftrak and Omnivat as winners of the Milken-Motsepe Prize in Green Energy – a $2-million innovation competition to reward... 


Image of Goodyear South Africa (SA) MD Paul Gerrard
Goodyear South Africa appoints new MD
7th May 2024 By: Irma Venter

Goodyear South Africa (SA) has appointed Paul Gerrard as its new MD, starting from May 1. Gerrard takes over from Richard Fourie, who led the company for two years. 


Image of Naamsa | The Automotive Business Council chief trade and research officer Dr Norman Lamprecht
Auto exports soar to new record; shift to EVs sees drop in catalytic converter numbers
7th May 2024 By: Irma Venter

Despite a tough domestic economy undermining a recovery in new-vehicle sales to pre-pandemic levels, record vehicle exports in 2023 ensured that the South African automotive sector still managed to... 


Cans with food
World Bank suggests actions for lower-emission agricultural land use
7th May 2024 By: Marleny Arnoldi

The World Bank has outlined in a report the actions that every country can take to make the global agrifood system more sustainable and achieve markable reductions in greenhouse-gas (GHG)... 


Gold Fields CEO Mike Fraser
South Deep gold output well down as Gold Fields implements recovery plan
7th May 2024 By: Martin Creamer

With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable... 


Mall of Africa
Attacq subsidiary acquires remaining 20% stake in Mall of Africa
7th May 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury... 


From left to right are Schwarz Unternehmenskommunikation corporate responsibility VP Florian Schütze, Siemens managing board member and Siemens Smart Infrastructure CEO Matthias Rebellius, Mercedes-Benz planning VP Arno van der Merwe and moderator Chris Brow in discussion at the Hannover Messe 2024 expo.
Decarbonising industrial operations requires concerted effort
7th May 2024 By: Bridget Lepere

Decarbonisation requires comprehensive and multifaceted approaches and standardised processes across various industries. It should involve mobilising an organisation, managing information flow,... 


Power line and substation
NamPower grid-strengthening and battery storage project secures $138.5m World Bank backing
7th May 2024 By: Terence Creamer

The World Bank has approved a $138.5-million finance package to support the integration of renewable energy into Namibia’s electricity system by strengthening its transmission grid and integrating... 


An Amazon branded package
Amazon launches online shopping service in South Africa
7th May 2024 By: Reuters

Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen... 


MTN achieves record 98% network availability in Limpopo
7th May 2024 By: Natasha Odendaal

As telecommunications giant MTN South Africa accelerates its nationwide modernisation programme, the company has achieved a record 98.33% network availability daily in Limpopo. The 2024 resilience... 


Rescue workers at the site of a building collapse in George, in the Western Cape
Dozens trapped in building collapse in South Africa
7th May 2024 By: Reuters

Rescuers searched through the debris of a multi-storey building collapse in the South African city of George that left four people dead and dozens still trapped early on Tuesday. Twenty-four... 


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