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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 industrial 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... 


Copper 360 CEO Jan Nelson.
Copper 360’s underground copper mine set to open three months ahead of schedule
6th May 2024 By: Martin Creamer

Last month copper mining company Copper 360 surprised on the upside by producing its first copper concentrate from surface material well ahead of schedule. Now, this month, it is doing the same on... 


Denel displays guided weapons, landward defence systems at Defence Service Asia
6th May 2024 By: Schalk Burger

State-owned defence technology company Denel is displaying its guided weapons and landward defence systems at the Defence Service Asia (DSA) exhibition this week. Its Umkhonto surface-to-air... 


Business Leadership South Africa CEO Busisiwe Mavuso
Coordinated, rapid plan needed to avoid ‘gas cliff’ – Mavuso
6th May 2024 By: Sabrina Jardim

In her latest weekly newsletter, Business Leadership South Africa CEO Busisiwe Mavuso warns that South Africa could face a “gas cliff” when the supply of gas to industrial users ceases in 2026. In... 


Shell to exit South Africa's downstream businesses
6th May 2024 By: Reuters

Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday. "As a result... 


Eskom logo
Eskom takes City Power to court over R1bn debt
6th May 2024 By: Sashnee Moodley

State power utility Eskom has said it has "no choice" but to approach the Johannesburg High Court to force City Power to pay just over R1-billion in unpaid debt. Eskom noted that City Power began... 


Sheets produced at the new factory
Local textile company opens new factory and launches worker shareholding programme
6th May 2024 By: Rebecca Campbell

Cape Town-based bedding and linen manufacturer Sheraton Textiles (Sheraton) on Monday officially inaugurated its new factory and launched its Workers Trust employee share ownership programme... 


Telkom set to support 2024 elections
6th May 2024 By: Natasha Odendaal

Telecommunications group Telkom is preparing to support South Africa’s upcoming national elections as the information and communications technology partner to the Independent Electoral Commission... 


Image of a Suzuki Swift badge
New-vehicles sales gain 2.2% after eight months of decline; Suzuki swoops into second place
6th May 2024 By: Irma Venter

New-vehicle sales have finally moved into positive territory following eight gruelling months of decline. Not all market segments experienced growth, however. 


Poulos Ngcobo - Dube TradePort deputy board chairperson;  Pearl Bhengu - iThala Development Finance Corporation; Siboniso Duma - KZN MEC for Economic Development, Tourism and Environmental Affairs; Mpumelelo Zikalala - Dube TradePort board chairperson; Hamish Erskine - Dube TradePort CEO; and Khanyisani Shandu - Trade and Investment KZN board chairperson
DTPC launches Dube TradeZone 2, attracts R1.8bn in private investment
6th May 2024 By: Sabrina Jardim

KwaZulu-Natal provincial entity Dube TradePort Corporation (DTPC) has launched its Dube TradeZone 2 – the second phase of the industrial precinct and special economic zone (SEZ) adjacent to the... 


Minister insists the recent period of no loadshedding is down to the improved performance of coal stations such as Matla (pictured)
Ramokgopa insists loadshedding not being ‘stage managed’ ahead of May 29 poll
6th May 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa denies that the prevailing reprieve from loadshedding has been “stage managed” to improve the prospects of the governing African National Congress ahead... 


Image of Cyril Ramaphosa
Ramaphosa pegs sustainable economic recovery on attraction of higher levels of investment
6th May 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Monday assured that government is working to get rid of red tape that impedes and slows down investment. Ramaphosa wrote in his weekly letter to the nation that it was... 


An image of Redefine Properties CEO Andrew König
Redefine choosing to remain optimistic despite challenging market conditions
6th May 2024 By: Tasneem Bulbulia

JSE-listed Redefine Properties reported solid results for the six months to February 29, despite prevailing challenging economic conditions in South Africa, including the impact of high interest... 


Renergen successfully producing liquid helium at Virginia project
6th May 2024 By: Simone Liedtke

ASX- and JSE-listed gas producer Renergen is now able to liquify helium in batches from its wells at the Virginia gas project, in South Africa’s Free State province. Since April 2, the... 


South African bank notes
Rand gains on stronger PMI data
6th May 2024 By: Reuters

The South African rand was stronger in early trade on Monday, after private sector activity rose marginally in April. At 0724 GMT, the rand traded at 18.4650 against the dollar, about 0.3% stronger... 


An image showing Air Products hydrogen dispensing unit and trailer
Air Products to leverage expertise to bolster South Africa’s hydrogen mobility ecosystem
6th May 2024 By: Tasneem Bulbulia

Industrial and specialty gas manufacturer and supplier Air Products South Africa is looking to leverage on the group’s global expertise and experience in the hydrogen industry, as well as its... 


Wind and solar
Climate commission model points to the growth potential of green industrialisation
6th May 2024 By: Terence Creamer

The initial direct cost of placing South Africa on an energy transition pathway over the coming five years in line with its decarbonisation targets is calculated at a hefty R1.5-trillion in the... 


South Africa becoming a viable international arbitration destination – law firm
3rd May 2024 By: Marleny Arnoldi

Law firm Pinsent Masons finds there is increasing interest in South Africa as a viable option for international arbitration. In the dynamic landscape of global commerce, the role of arbitration... 


SAWEA CEO Niveshen Govender
Wind energy critical to bolster energy capacity – SAWEA
3rd May 2024 By: Sabrina Jardim

Despite recent efforts to bolster electricity generation capacity, the path to energy security remains full of obstacles. The integration of renewable energy, particularly wind power, is critical... 


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