CDE lays out path to economic rescue ahead of MTBPS

Ahead of Finance Minister Enoch Godongwana’s November 1 Medium Term Budget Policy Statement (MTBPS), policy think tank the Centre for Development and Enterprise (CDE) has set out what it thinks... 

South African economy to slow down this year before stabilising in 2024

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 

Godongwana’s MTBPS must show same fighting spirit as Boks – BLSA

Following on the heels of the Springbok’s fourth Rugby World Cup win, Business Leadership South Africa (BLSA) CEO Busi Mavuso has said the Medium-Term Budget Policy Statement (MTBPS), set to be... 

Wind turbine consignment arrives at Saldanha Multi-Purpose Terminal

The Saldanha Multi-Purpose Terminal (MPT), managed by Transnet Port Terminals, is playing a strategic role in discharging imported wind turbine components that will go towards building 32 wind... 

Kodal, Hainan agree on funding terms for Bougouni lithium project

West Africa-focused lithium and gold mineral exploration and development company Kodal Minerals, along with Kodal Mining UK (KMUK), Hainan Mining and Hainan’s wholly owned UK-incorporated... 

Newfield announces entitlement offer to raise funds for Sierra Leone mine

ASX-listed Newfield Resources is offering eligible shareholders the opportunity to participate in a pro rata non-renounceable entitlement offer of up to about 117.6-million fully paid ordinary... 

FCEVs to reach 1.5m units by 2030

Fuel cell electric vehicles (FCEVs) are poised for rapid growth and are expected to reach nearly 1.5-million units globally by 2030, according to the World Platinum Investment Council (WPIC). 

Saice, Cesa back Sanral’s decision to withdraw its preferential procurement policy

The South African Institution of Civil Engineering (Saice) and Consulting Engineers South Africa (Cesa) have voiced their support for the decision by the South African National Roads Agency Limited... 

Hummingbird on track to deliver full-year guidance

Aim-listed gold producer Hummingbird Resources has said its Yanfolila gold mine, in Mali, is well-positioned to meet its financial year 2023 guidance, while the Kouroussa gold mine, in Guinea, is... 

Balwin reports growth despite ‘toughest year ever’

JSE-listed Balwin Properties’ results for the six months ended August 31 have revealed a 33% growth in gross profit margin and a gross profit of R396-million, continuing the company’s recent margin... 

Afrimat continues to weather economic shocks through diversification

Mid-tier mining and materials company Afrimat’s strategy to diversify between commodities and revenue streams, coupled with stringent capital allocation, has enabled the group to continue to... 

Activated carbon, plant optimisation in focus at gold conference

Much focus was placed on the latest advances in the use of activated carbon in the gold recovery process at the Go For Gold Conference, held at Gold Reef City, in Johannesburg, this week. ​​The... 

Metrobus launches intelligent transport system, moves premises

City of Joburg public transport provider Metrobus has launched an intelligent transport system, which includes an automated fare collection platform, an onboard bus camera monitoring system and... 

Jacobi developing sustainable coconut-based activated carbon production technology

Gold recovery technology company Jacobi is rolling out a proprietary clean coconut charcoal production technology in India and Sri Lanka using coconut shells sourced from five different countries... 

Steenkampskraal Monazite Mine CEO lays out development plan to 2027

Mining company Steenkampskraal Monazite Mine CEO and mine manager Graham Soden has outlined the mine’s planned development strategy to December 2027 to bring the mine into production. In a release... 

First Quantum exercises its option over two Zambia copper licences

Copper miner First Quantum Minerals (FQM) has delivered a formal notice to exercise its option over two out of the four licences covered by the option agreement with London-listed exploration and... 

Tirupati stands to win big off China’s graphite export controls

Flake graphite producer Tirupati Graphite believes it stands to benefit from the recent decision by the Chinese government to impose export controls on graphite and related products from December... 

Conventional and mechanised mining viable options at Bengwenyama – study

Johannesburg- and Australia-listed Southern Palladium has disclosed the results of geotechnical test work conducted at its Bengwenyama platinum group metals (PGMs) project, situated on the eastern... 

Shanta reports stable production for the third quarter

Aim-listed gold producer, developer and explorer Shanta Gold has reported steady gold production in line with expectations in its production and operational results for the quarter ended September... 

Stakeholder collaboration required to improve road freight safety

Collaboration between all stakeholders in the road freight industry is critical to improving South Africa’s poor road safety record, certification body JC Auditors CEO Oliver Naidoo said at the... 

Updated transport sector BBBEE codes key for SME integration

The Department of Transport is advocating for the infusion of small- and medium-sized (SMEs) into the economy through the alignment of the integrated transport sector codes with the amended generic... 

Low grades among obstacles facing SA mines but technology seen ensuring long-term sustainability

Overcoming the numerous challenges faced by the South African mining industry and ensuring its long-term sustainability and growth will require turning research curiosity into improved performance,... 

De Beers voices support of G7 ban on Russian diamonds

In an open letter to the Group of Seven (G7) countries, diamond producer De Beers has stated that it fully and unequivocally supports the objectives of the G7 countries to prohibit diamonds of... 

Vunani earnings down amid coal price ‘collapse’

Investment group Vunani Capital Partners (VCP) has reported a decline in earnings owing to what it called challenges in its coal investments in the six months ended August 31. However, the group... 

Centamin maintains guidance thanks to operational flexibility, cost management

London- and Toronto-listed gold mining company Centamin remains on track to meet its full-year guidance. In a release of its quarterly report for the three months ended September 30, it noted that... 

Kendra Gaither appointed as new USAfBC President

The US Chamber of Commerce has announced Kendra Gaither’s appointment as US-Africa Business Center (USAfBC) president. “What an honour to lead the USAfBC and work with our members and partners to... 

FQM’s Kansanshi S3 mine expansion back on track

After a decade-long delay, work on mining and metals company First Quantum Minerals’ (FQM’s) Sulphide No 3 (S3) expansion project, at the Kansanshi copper/gold mine, in Zambia, is now back on... 

Ancient diamonds give researchers insight into continental drift

New insights into the processes of continental evolution and movement during the early stages of complex life on Earth have been revealed by the examination of ancient, superdeep diamonds that were... 

BMA assures strike at Lebombo border will not disrupt services

The Border Management Authority (BMA) has assured that the planned strike action at the Lebombo border by the Nkomazi community on October 18 will be closely monitored to ensure no disruption of... 

Lotus’ acquisition of A-Cap approved by Botswana officials

ASX-listed Lotus Resources has received regulatory approvals, a key condition precedent to implementing its proposed schemes of arrangement with investor A-Cap, from the Botswanan authorities.... 

Ford celebrates four-million engine production milestone at Struandale

Car manufacturer Ford’s Struandale engine plant, in Gqeberha, in the Eastern Cape, has produced its four-millionth engine – a 2 ℓ four-cylinder bi-turbo diesel engine that will be installed in a... 

Scoping study proves Altona’s Mozambique rare earths project viable

London-listed rare earths exploration and development company Altona says a newly released scoping study demonstrates the potential for its Monte Muambe rare earths project, in northwestern... 

Dysfunctional municipalities hindering SME sector growth 

Dysfunctional municipalities, an overabundance of bureaucratic red tape and deferred payments from the public sector are serving to undermine the ability of entrepreneurial ventures to flourish,... 

Experts highlight the potential of recoverable energy power generation

Significant additional clean electricity can be generated economically by combining dry and wet cooling technologies at power plants, Industrial Water Cooling (IWC) consulting and research and... 

Sasol aims to have new destoning unit operational by early 2026 as it moves to improve coal quality

JSE-listed energy group Sasol has confirmed that its planned new destoning unit, which has the potential to improve the quality of coal at its mines, will be on line towards the end of 2025 or... 

Bleak outlook for third-quarter economic growth in South Africa

September reflected another month of weakened economic activity in South Africa, indicating bleak prospects for the economy’s growth in the third quarter, automated clearing house BankservAfrica’s... 

India beats US, China, Japan in second-quarter platinum retail sales

India has come out on top in the second quarter as the strongest performer with double-digit year-on-year retail sales growth among the top four global platinum jewellery markets, while Japanese... 

NUM signs three-year wage agreement at Gold One

The National Union of Mineworkers (NUM) Pretoria, Witwatersrand, and Vereeniging (PWV) region has signed a three-year wage agreement on behalf of its members at the Gold One Modder East Mine, in... 

Northam Platinum rated as A+, A1 investment in South Africa

Credit rating agency GCR Ratings has reaffirmed platinum miner Northam Platinum's South African-scale long-term and short-term credit ratings at A+(za) and A1(za), respectively, with the outlook... 

MTN South Africa says it is doing everything it can to reduce emissions

Telecommunications network MTN South Africa says it is spearheading substantial efforts to reduce its emissions. "South Africa stands at the forefront of climate change impact, and it is up to us...