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Sibanye-Stillwater completes acquisition of Reldan
18th March 2024 By: Tasneem Bulbulia

Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million. Sibanye in November... 


An image depicting the Cape Town MPT
Cape Town MPT records 43% volume increase in agri-bulk
18th March 2024 By: Sabrina Jardim

The Cape Town Multi-Purpose Terminal (MPT) has increased volume throughput in the agricultural bulk sector by 43% in the year-to-date. In January, the terminal handled 25 704 t of agricultural bulk... 


Retired Tiffany & Co exec appointed to Diamcor’s board
18th March 2024 By: Tasneem Bulbulia

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 


Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity
18th March 2024 By: Martin Creamer

The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg... 


An image showing the JSE building in Johannesburg
JSE declares full year dividend on the back of strong financial performance
18th March 2024 By: Tasneem Bulbulia

The JSE produced “strong” results for the year ended December 31, 2023, with growth of 12.2% in headline earnings per share (HEPS) and return on equity of 19.4% in line with long-term targets, CEO... 


An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 


 The first steps in establishing West Africa as a world powerhouse
The first steps in establishing West Africa as a world powerhouse
18th March 2024

By Obinna Uche, Sales Director, Power Systems Division at Schneider Electric Anglophone West Africa West Africa is a region of abundance, rich in both human and natural resources   Its renewable... 


Merafe CEO Zanele Matlala.
Merafe declares cash dividend on record profit, elevated chrome
18th March 2024 By: Martin Creamer

Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of... 


BHP CEO Mike Henry
BHP cuts contractors at Australian nickel project amid price slump
18th March 2024 By: Reuters

BHP Group said on Monday some contractors at its West Musgrave nickel and copper project in Western Australia had left its operations as the global miner assesses whether it will put its nickel... 


Energy Regulator approves 10.13% pipeline tariff hike on Durban-to-Alrode route
Energy Regulator approves 10.13% pipeline tariff hike on Durban-to-Alrode route
15th March 2024 By: Terence Creamer

The Energy Regulator has approved a 5.98% increase, from R6.8-billion in 2023/24 to R7.2-billion in 2024/25, in Transnet’s allowable revenue from petroleum pipelines system tariffs. “This... 


Libstar Lancewood yoghurt
Libstar’s earnings dragged down by weak consumer demand
15th March 2024 By: Marleny Arnoldi

Consumer packaged goods group Libstar has reported year-on-year declines in its normalised earnings, headline earnings and operating profit for the year ended December 31. Normalised headline... 


Dr Mampho Modise appointed deputy governor of the Reserve Bank
15th March 2024 By: Tasneem Bulbulia

Finance Minister Enoch Godongwana and the South African Reserve Bank (SARB) have welcomed President Cyril Ramaphosa’s appointment of Dr Mampho Modise as deputy governor of the SARB, following the... 


Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.
Major new gigafactory fuel cell thrust enlivening demand outlook for platinum
15th March 2024 By: Martin Creamer

A major new fuel cell thrust in North America is enlivening the outlook for platinum and helping the world advance further along the road to net zero. Emphasising that the advancement of the... 


Electricity pylons
South Africa takes next step toward opening up electricity trade
15th March 2024 By: Bloomberg

South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another hurdle. The Electricity Regulation Act Amendment... 


Vehicles parked in a taxi rank in Gauteng
Taxi Relief Fund extended to enable remaining claimants to secure payment
15th March 2024 By: Schalk Burger

The Department of Transport (DoT) has obtained Cabinet approval to extend the Taxi Relief Fund (TRF) to November 30. The request to extend the TRF was made to afford as many taxi operators as... 


Youth Capacity Building Programme in KwaZulu-Natal Produces Qualified Energy Professionals
Youth Capacity Building Programme in KwaZulu-Natal Produces Qualified Energy Professionals
15th March 2024

The youth capacity building programme in KwaZulu-Natal has achieved a significant milestone with students now qualifying as Quality Council of Trades and Occupations (QCTO) EPC Practitioners... 


Power lines
South Africa’s next energy challenge: A R390-billion grid upgrade
15th March 2024 By: Bloomberg

South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to build and fund a R390-billion expansion of the... 


Magazine cover image
Economic and geopolitical uncertainty supporting strong gold demand and prices
15th March 2024 By: Sabrina Jardim

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 


Fish on production line
Greater energy efficiency demand in growing food, bev industry
15th March 2024 By: Tracy Hancock

Demand for drive solutions specialist SEW-EURODRIVE’s energy efficient product offering is currently strong and increasing steadily with end-users in the growing food and beverage industry and the... 


An image of Liz Kolobe
Private-equity investments could address water challenges
15th March 2024 By: Lumkile Nkomfe

Mid-market private equity firm Agile Capital asserts that investors have a great opportunity to make sizable investments in the water sector and contribute towards the advancement of sustainable... 


A picture of Shell Downstream South Africa learning and development manager Kefilwe Maseko stood in front of a Shell banner by a school blackboard
Programme targets underprivileged youth
15th March 2024 By: Halima Frost

Commercial fuels, lubricants and oils retailer Shell Downstream South Africa has invested over R30-million in its science, technology, engineering and mathematics (STEM) bursary programme to help... 


Cape Town businesses, households get R25.8m for excess electricity fed back into grid
15th March 2024 By: Irma Venter

The City of Cape Town says businesses and households have earned more than R25.8-million under the city’s Cash for Power programme since the start of the 2022/23 financial year. This comes after... 


Photo of Terence Creamer
Not so quiet revolution
15th March 2024 By: Terence Creamer

For several years, the roll-out of rooftop solar, batteries and inverters has been referred to as South Africa’s quite revolution. While Eskom struggled to keep the lights on and government battled... 


Image of hydrogen molecule
Green hydrogen industrial production and distribution project, France
15th March 2024 By: Sheila Barradas

Nantes Saint-Nazaire Port has embarked on a path towards a new low-carbon economic model for its business, which still heavily depends on fossil fuels. 


Low prices contribute to 65% y/y drop in Gem's Ebitda
14th March 2024 By: Creamer Media Reporter

High inflation, interest rate hikes and slow overall economic growth in major economies impacted negatively on the diamond market in 2023, putting pressure on rough and polished diamond prices.... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


Wesgro launches new domestic tourism campaign
14th March 2024 By: Rebecca Campbell

Western Cape trade, investment and tourism promotion agency Wesgro has launched a new campaign to attract tourists to the province. Unlike other recent campaigns, this one, called ‘With Love from... 


Industrial Gas Users Association of South Africa executive director Jaco Human
Industrial gas users prepare to make ‘orderly transition’ case at crunch gas-cliff meeting
14th March 2024 By: Terence Creamer

The creation of a formal public-private platform to assess solutions to a pending “gas cliff” for industrial consumers in South Africa points to the fact that the issue is finally being taken... 


Standard Bank partners with mobility startup Planet42
Standard Bank partners with mobility startup Planet42
14th March 2024 By: Irma Venter

Standard Bank has partnered with Planet42 in a R300-million deal it believes will enable the mobility startup “to shake up the passenger car market by broadening access to personal vehicles and... 


A Chrysos PhotonAssay unit
Capital achieves fourth consecutive year of strong growth
14th March 2024 By: Creamer Media Reporter

Mining services company Capital CE Peter Stokes says the company is excited for the year ahead after "another great year" in 2023, in which it achieved growth for the fourth consecutive year,... 


Madison Metals CEO Duane Parnham
Madison to pursue traditional funding avenues after lacklustre uranium tokenisation results
14th March 2024 By: Darren Parker

Uranium exploration and development company Madison Metals will pursue more traditional means of raising capital to fund its future efforts, as the company's unique uranium tokenisation strategy... 


South32 shuffles Australia lead team deck
14th March 2024 By: Creamer Media Reporter

As South32 prepares for the impending sale of the Illawarra metallurgical coal mine, the company has announced changes to its lead team in Australia. Jason Economidis, currently South32 COO for... 


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Innovation for development
14th March 2024

Boosting socio-economic development in South Africa through research and innovation, is at the core of the Department of Science and Innovation’s (DSI) mandate.  


Metcon post image
MineShift highlights the importance of advancing African beneficiation
14th March 2024 By: Tracy Hancock

The need to ensure that Africa realises the vast potential for socioeconomic upliftment presented by the on-continent beneficiation of its abundant endowment of precious-metals and stones was... 


An SAA branded aircraft
Deal to sell government stake in South African Airways collapses
14th March 2024 By: Reuters

A deal the South African government has been negotiating for three years to sell a majority stake in South African Airways (SAA) has fallen apart, the minister overseeing the company said on... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Sungrow post image
Navigating the solar transition: Choosing safety, sustainability and performance
14th March 2024

As climate impacts intensify and energy prices continue their volatility, transitioning homes and businesses to solar power has clear financial and environmental benefits. Solar energy can reduce... 


Daybreak Farms Embarks on Governance Transformation Journey under New Leadership
Daybreak Farms Embarks on Governance Transformation Journey under New Leadership
14th March 2024

Daybreak Farms, a vertically integrated poultry business under the ownership of the Public Investment Corporation SOC Ltd (PIC), celebrates a significant governance transformation journey set in... 


Activist Tribeca asks Glencore to move main listing to Sydney, FT reports
Activist Tribeca asks Glencore to move main listing to Sydney, FT reports
14th March 2024 By: Reuters

Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial... 


International Monetary Fund African development director Abebe Selassie
Crisis of confidence has exacerbated sub-Saharan Africa’s funding squeeze
13th March 2024 By: Marleny Arnoldi

Various shocks have resulted in commodity price pressure and fiscal constraints globally, but sub-Saharan African countries, in particular, have been experiencing a “funding squeeze” as a result of... 


Growthpoint Group CEO Norbert Sasse.
Growthpoint says high interest rates will dent its full-year distributable income
13th March 2024 By: Sabrina Jardim

Given the impact of high interest rates across its local and international businesses, JSE-listed Growthpoint Properties expects its distributable income per share (DIPS) to decline by 10% to 12%... 


AfriForum brings urgent application against Rand Water’s water cuts
13th March 2024 By: Natasha Odendaal

Civil rights organisation AfriForum has brought an urgent application against Rand Water following the water supplier’s decision to reduce water supply to several municipalities. AfriForum, in its... 


China coal group says US curbs on Russia to keep prices high, hurt exports
13th March 2024 By: Reuters

Tougher US sanctions on Russia's coal firms will keep global prices of high-calorific-value coal high in the near term, affecting a fifth of the latter's coal exports, a Chinese industry group... 


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