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Infrastructure Fund chief investment officer Mohale Rakgate
Fund requesting RFPs for infrastructure projects worth R70bn
7th March 2024 By: Nadine James

Infrastructure Fund chief investment officer Mohale Rakgate has reported that various strategic projects identified through government, and in previous Sustainable Infrastructure Development... 


Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
7th March 2024 By: Irma Venter

Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 on Thursday, CEO Xolani... 


Construction of Turffontein Clinic resumes
7th March 2024 By: Tasneem Bulbulia

The construction of Turffontein Clinic has restarted following a temporary stoppage, the Johannesburg Development Agency (JDA) says in a statement. The two-storey, 1 870 m² facility is said to be... 


Murray & Roberts CEO Henry Laas
M&R weighing capital-light re-entry into Australian mining market
7th March 2024 By: Terence Creamer

JSE-listed Murray & Roberts (M&R) says it still intends to regain a foothold in the Australian mining market, which it lost when RUC’s Australian holding company entered voluntary administration in... 


Transmission lines
Trading, transmission key factors in a liberalised South African electricity market
7th March 2024 By: Rebecca Campbell

With the liberalisation of the South African electricity market, energy trading will become increasingly important. So highlighted Investec Project Finance Director Franca Sandham. She was... 


Rand currency
South Africa current account gap widens more than forecast
7th March 2024 By: Bloomberg

South Africa’s current-account deficit widened more than expected in the fourth quarter of 2023, as dividend and interest payments to foreign investors resulted in the biggest outflow since the... 


Steel rolls
BMI expects good year for steel pricing before prices decrease again
7th March 2024 By: Marleny Arnoldi

Research agency BMI expects steel prices to improve from current levels in coming months and maintains its 2024 global average steel price forecast of $740/t. The average steel price is, however,... 


Person working on a laptop
Purpose-driven organisations will attract, retain talent – PwC
7th March 2024 By: Schalk Burger

Employers need to strive to provide purpose at the heart of their operations, as employees scrutinise how well their organisation is looking after the workforce and doing the right thing by society... 


South Africa's current account deficit widens sharply in fourth quarter
7th March 2024 By: Reuters

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data... 


Pele Green Energy MD Gqi Raoleka
Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision
7th March 2024 By: Terence Creamer

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering... 


Cape Town’s New Water Programme gets under way
7th March 2024 By: Natasha Odendaal

The City of Cape Town has implemented its New Water Programme (NWP) in an effort to diversify and expand Cape Town's water supply sources and meet the growing water demands of an increasing... 


Strong penalties for exceeding carbon budgets needed for effective Climate Change Act, says Just Share
6th March 2024 By: Schalk Burger

It is critical that the failure to comply with carbon budgets and greenhouse-gas (GHG) mitigation plans by companies emitting GHGs attracts meaningful penalties to ensure that polluters make... 


Astral Foods disposes of Quantum Foods stake
6th March 2024 By: Schalk Burger

JSE-listed integrated poultry producer Astral Foods has disposed of its 9.8% interest in Quantum Foods for R141.7-million. “At the time Astral acquired the 9.8% equity stake in Quantum Foods in... 


Property transformation programme launched
6th March 2024 By: Tasneem Bulbulia

Industry regulator the Property Practitioners Regulatory Authority (PPRA) on March 6 launched the Transformation Property Partnership programme, which is aimed at enabling meaningful youth... 


Business Confidence Index indicates conditions deteriorated further in the first quarter
6th March 2024 By: Schalk Burger

The Rand Merchant Bank/Bureau for Economic Research (RMB/BER) Business Confidence Index (BCI) ticked down by one point to reach 30 in the first quarter, indicating that business conditions... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


Cape Town receiving GIZ support for embedded generation, utility sustainability plans
6th March 2024 By: Schalk Burger

The City of Cape Town is receiving support from German development agency the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) through an embedded generation adviser and seconded... 


Sea Harvest CEO Felix Ratheb
Sea Harvest generates solid profit despite cost increases, low prawn pricing
6th March 2024 By: Marleny Arnoldi

Following a challenging 2022 financial year, JSE-listed vertically integrated seafood company Sea Harvest has managed to grow its earnings before interest and taxes (Ebit) by 15% to R576-million in... 


3 workers or engineers in PPE on a construction or mining site
M&R gets back on track with narrowed losses, lower debt
6th March 2024 By: Darren Parker

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 


Busa deputy CEO to succeed Coovadia in 2025
6th March 2024 By: Sabrina Jardim

Business organisation Business Unity South Africa’s (Busa’s) board of directors has appointed Khulekani Mathe to take over as Busa CEO in January 2025 when Cas Coovadia retires. Mathe was appointed... 


Gen AI, sustainability, monetisation key themes of 2024 TMT predictions
6th March 2024 By: Natasha Odendaal

Generative artificial intelligence (AI), sustainability and monetisation have emerged as three key themes in the 2024 edition of advisory firm Deloitte’s 'Technology, Media and Telecommunications... 


Image of WBHO housing project in Lesotho
‘It’s not all doom and gloom in our space’ – WBHO boss
6th March 2024 By: Irma Venter

With a total pipeline of work of R240-billion, up from R211-billion in June, Wilson Bayly Holmes-Ovcon’s (WBHO’s) short- to medium-term future “should be okay”, says CEO Wolfgang Neff. “It’s not... 


The Jeffreys Bay wind farm
World Bank is supporting the rollout of distributed renewable energy in Africa, globally
6th March 2024 By: Rebecca Campbell

Distributed renewable energy (DRE) is going to be essential to achieve the goal of universal access to energy by 2030, both in Africa and globally. So highlighted World Bank Energy Sector... 


Scopa/SIU MoU flags Eskom intelligence, National Skills Fund reports for investigation in seventh administration
6th March 2024 By: Sashnee Moodley

The Standing Committee on Public Accounts and the Special Investigating Unit have assured that the Eskom intelligence report and the National Skills Fund matters will be flagged for consideration... 


World Platinum Investment Council Director of Research Edward Sterck.
Automotive demand for platinum expected to hit seven-year high this year
6th March 2024 By: Martin Creamer

This year could potentially turn out to be quite an interesting year for platinum as a commodity and also as an investment, with the 2023 platinum market deficit of 878  000 oz forecast to be... 


TotalEnergies acquires an interest in Orange Basin offshore exploration licence
6th March 2024 By: Schalk Burger

Energy company TotalEnergies has acquired, with its partner State-owned QatarEnergy, participating interests in Block 3B/4B offshore of South Africa from Africa Oil South Africa, Azinam and... 


Sasol's head office
CAC decision on Sasol pricing opens way for Competition Commission to pursue prosecution
6th March 2024 By: Schalk Burger

The Competition Appeal Court's (CAC's) decision to dismiss chemicals and energy company Sasol's application to review the Competition Commission’s investigation into alleged excessive pricing of... 


Transmission infrastructure in South Africa
New fund to finance cross-border electricity transmission in Southern Africa
6th March 2024 By: Rebecca Campbell

The Southern African Power Pool’s (SAPP’s) Regional Transmission Infrastructure Financing Facility (RTIFF) will be managed by climate-focused blended finance fund manager Climate Fund Managers... 


Hawks fleet boosted with new cars to widen operational footprint
Hawks fleet boosted with new cars to widen operational footprint
6th March 2024

The Directorate for Priority Crime Investigation, also known as the Hawks, was given a new fleet of cars last month to improve its response time and broaden the national footprint of the... 


Wild animals in the Kalahari
SADC Tourism Alliance disaster risk management workshop to help businesses recover faster
6th March 2024 By: Schalk Burger

Regional tourism organisation the Southern African Development Community (SADC) Business Council Tourism Alliance has completed a two-day train-the-trainer workshop on tourism disaster risk... 


An aeroplane operated by Ehtiopian Airlines
Ethiopian Airlines places order for eight Boeing 777X jets
6th March 2024 By: Reuters

Ethiopian Airlines has agreed to purchase eight Boeing 777-9 widebody jets, with potential for up to 12 additional aircraft orders, the companies said in a statement on Tuesday. Major airlines are... 


An image showing a summary of a BloombergNEF study
South Africa’s solar PV market expected to become one of the world’s largest this year
5th March 2024 By: Tasneem Bulbulia

BloombergNEF’s (BNEF’s) first-quarter global photovoltaic (PV) market outlook predicts that South Africa will be the tenth-largest PV market in the world this year, with the dominance of solar PV... 


RES4Africa releases latest study findings
5th March 2024 By: Sabrina Jardim

Sustainable energy organisation the Renewable Energy Solutions for Africa Foundation (RES4Africa) unveiled its latest study - conducted with South African power utility Eskom and technical... 


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Weir Minerals Africa and Middle East
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Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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