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Consumers
South Africa inflation slows slightly more than expected in March
17th April 2024 By: Reuters

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that... 


MTN, Huawei launch joint technology innovation lab
17th April 2024 By: Natasha Odendaal

Telecommunications giant MTN Group and information and communication technology group Huawei have jointly launched Technology Innovation Lab to accelerate digital transformation and sustainable... 


Nersa public hearing
Eskom says modest R9m RCA request not a signal of alignment with Nersa on calculations
17th April 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has initiated consultations on Eskom’s latest Regulatory Clearing Account (RCA) application for the 2022/23 financial year, where Eskom is... 


Namibia sees final investment decision on oil find by end 2024
17th April 2024 By: Reuters

Namibia will invest a big chunk of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund, and expects to learn if the find is commercially viable later this... 


Impact manager Acre raises $100m for African climate infrastructure
17th April 2024 By: Reuters

Two former BNP Paribas bankers have raised almost $100-million for a new fund which aims to unlock billions of dollars of funding for climate-aligned infrastructure projects in Africa. Acre Impact... 


Cape Town technology enterprise incubator celebrates birthday with launch of new products
16th April 2024 By: Rebecca Campbell

Cape Town-based ‘techpreneur’ incubation hub The Creative Lab has announced that it would mark its first anniversary with the launch of a diverse array of cutting-edge products, developed by a... 


Man using VR headset
University of Pretoria inaugurates new immersive technology lab
16th April 2024 By: Darren Parker

The University of Pretoria’s Faculty of Engineering, Built Environment and Information Technology has launched a new immersive technology lab at the Department of Information Science as a way of... 


UNTD secretary-general Rebeca Grynspa
UNTD calls for more fiscal flexibility to help developing countries reach SDGs
16th April 2024 By: Marleny Arnoldi

While the global economic slowdown in 2023 was less severe than expected, intergovernmental organisation United Nations Trade and Development (UNTD) has warned that a further deceleration in global... 


A person using candles during power cuts
Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa
16th April 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has belatedly moved to quell concern that its recent approval of a new loadshedding code of practice, which increases the number of potential... 


Calgro M3 boosts stability with Rustenburg Memorial Parks expansion
16th April 2024 By: Sabrina Jardim

JSE-listed Calgro M3 Holdings – an entity specialising in integrated residential developments and memorial parks – is expanding its Memorial Parks division with the acquisition of a new park in... 


Airbus satellite
Digital Earth Africa breaks barriers to participation in space economy
16th April 2024 By: Marleny Arnoldi

The Research Institute for Innovation and Sustainability (RIIS) has been appointed as the interim host for the pan-African Digital Earth Africa Programme Management Office. Digital Earth Africa... 


Sappi Southern Africa achieves feed safety assurance certification for Pelletin
16th April 2024 By: Sabrina Jardim

Renewable woodfibre-based products company Sappi Southern Africa has achieved a GMP+ Feed Safety Assurance (FSA) 2020 certification for Pelletin, a lignin-based animal feed additive, making Sappi... 


Image of Cyril Ramaphosa
PSA advises Ramaphosa to delay signing NHI Bill into law
16th April 2024 By: Thabi Shomolekae

Given the uncertainty surrounding the political landscape after the May elections, the Public Servants Association (PSA) has advised President Cyril Ramaphosa to delay the signing of the National... 


Water Tap
Water disruptions must not turn into another Eskom – Uasa
16th April 2024 By: Sashnee Moodley

Trade union Uasa has warned that if Gauteng's water disruptions are not addressed soon, the situation could end up as “a second Eskom”. South Africa was introduced to loadshedding in 2007, after... 


Stellenbosch space company winning international orders
16th April 2024 By: Rebecca Campbell

South African specialist microsatellite high-speed communication systems company Cubecom, part of the Alphawave Group, has announced that it has secured “substantial orders from multiple... 


VWA chairperson and MD Martina Biene
Volkswagen to invest R4bn to produce third model at Kariega plant
16th April 2024 By: Irma Venter

Volkswagen Group Africa (VWA) will invest R4-billion in its manufacturing plant in Kariega, in the Eastern Cape. The investment will be used to prepare the plant for the addition of a third model... 


Petra Diamonds CEO Richard Duffy
Exceptional blue Cullinan diamond lifts latest Petra tender prices by 22%
16th April 2024 By: Martin Creamer

The sale by Southern African diamond mining company Petra Diamonds of an exceptional blue diamond in its fifth tender cycle lifted the average prices per carat received 22% higher than those of the... 


Afrimat to report higher full-year earnings
16th April 2024 By: Tasneem Bulbulia

JSE-listed Afrimat expects to report a 21% to 26% year-on-year increase in headline earnings a share to between 553.6c and 576.5c for the financial year ended February 29. Earnings a share are also... 


ABB engineer working on ABB drives and motors
ABB becomes minority investor in GridBeyond
16th April 2024 By: Darren Parker

Technology company ABB has joined investors EDP, ESB, TotalEnergies, Act and DublinBIC in becoming an investor in energy management solutions company GridBeyond, which uses artificial intelligence... 


Power lines over an informal settlement
South Africa’s ranking in World Energy Trilemma Index falls
16th April 2024 By: Terence Creamer

South Africa has fallen to sixty-ninth from sixty-fourth on the World Energy Council’s (WEC’s) latest World Energy Trilemma Index which ranks more than 100 countries against the three key... 


Treasury logo
Treasury welcomes IMF report ranking SA top 3 in fiscal transparency
16th April 2024 By: Sashnee Moodley

The International Monetary Fund’s (IMF’s) Fiscal Transparency Evaluation Report has placed South Africa in the top three countries in terms of transparent fiscal practices, which National Treasury... 


Treasury extends deadline for Budget Facility for Infrastructure submissions
16th April 2024 By: Tasneem Bulbulia

The National Treasury has extended the deadline for submissions to the Budget Facility for Infrastructure (BFI) to May 17 to allow more time for project sponsors to package and submit their... 


Platinum Group Metals CEO Frank Hallam
Odds-on entry of palladium, platinum into EVs highlighted by research update
16th April 2024 By: Martin Creamer

New York- and Toronto-listed Platinum Group Metals, which is emerging in South Africa’s Waterberg, on Tuesday provided an update on its new light battery technology that points to increasing... 


A building with an Opec sign
Opec woos Namibia as African nation prepares to produce from 2030
16th April 2024 By: Reuters

The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next... 


Citrus fruit being picked from trees
South Africa challenges EU on citrus export restrictions
15th April 2024 By: Bloomberg

South Africa has taken a preliminary step toward filing a complaint with the World Trade Organization (WTO) against the European Union (EU) over its treatment of citrus imports from the country,... 


IIoT a potential solution for mitigating illegal connection challenges
15th April 2024 By: Sabrina Jardim

Illegal connections are one of the leading causes of electricity-related injuries and deaths in South Africa, while also posing a risk of fires and electrocutions in communities. It also adds to... 


Strong consensus that markets need to be developed for platinum group metals.
PGM market development has paid dividends, could pay many more, Platinum Day told
15th April 2024 By: Martin Creamer

The market development aspect of the platinum group metals (PGM) industry is fundamentally key, it was repeatedly stated at last week’s 2024 Resources for Africa Platinum Day. There is strong... 


Experts proffer suggestions for South Africa's green hydrogen projects to secure financing
15th April 2024 By: Tasneem Bulbulia

There is sufficient funding available for South Africa to progress its green hydrogen objectives, however, certain elements need to be addressed for this to materialise. This was outlined by... 


Oil rig
Oil price eases but IEA says Middle East tensions heighten global supply risks
15th April 2024 By: Terence Creamer

Despite a forecast of slowing oil demand and a likely peak in consumption by the end of the decade, the International Energy Agency (IEA) warned on Monday of heightened global oil security risks in... 


BLSA CEO Busisiwe Mavuso
Public consultation key part of law development, but often overlooked – Mavuso
15th April 2024 By: Sabrina Jardim

Following last week’s withdrawal of proposed new visa regulations that would have eased the way for skilled workers to come to South Africa, business organisation Business Leadership South Africa... 


Millennials, Gen-Zs want cars, but are struggling to afford them – WesBank
Millennials, Gen-Zs want cars, but are struggling to afford them – WesBank
15th April 2024 By: Irma Venter

Young South Africans, aged 35 and younger, are demonstrating a growing preference for private mobility. This is evident in recent WesBank data that shows a consistent increase over the past three... 


Image of the Jaecoo J7
Jaecoo launches its first cars in South Africa
15th April 2024 By: Irma Venter

China’s Jaecoo brand has launched its first vehicle in South Africa – the J7 sports-utility vehicle (SUV). Chery/Omoda & Jaecoo South Africa (SA) says the “urban off-road SUV brand” is “poised to... 


Seacom launches LEO satellite service for enterprise clients
15th April 2024 By: Natasha Odendaal

Telecommunications and managed services provider Seacom has launched its low-Earth orbit (LEO) satellite service for its enterprise clients after a two-year process of consultation with industry... 


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