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A locomotive and wagons owned by Transnet Freight Rail
Africa’s biggest freight rail market set for private operators
13th March 2024 By: Bloomberg

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


Telkom to support SMMEs at GEC+Africa congress
12th March 2024 By: Natasha Odendaal

South Africa’s start-up ecosystem is a thriving hub of innovative and talented entrepreneurs with a desire to scale, and in support of this, telecommunications group Telkom is providing five small,... 


Africa statue
Attacq posts growth in interim distributable income
12th March 2024 By: Marleny Arnoldi

JSE- and A2X-listed real estate investment trust (Reit) Attacq has posted a higher distributable income per share (DIPS) of 36.9c for the six months ended December 31, 2023, compared with the DIPS... 


Broad-based weakness evident in the logistics sector – Ctrack index
Broad-based weakness evident in the logistics sector – Ctrack index
12th March 2024 By: Irma Venter

After increasing somewhat in December, the Ctrack Transport and Freight Index (TFI) declined notably in January to a level of 119.3 – a drop of 2.1% compared with December’s 121.9. The extent of... 


An image of Fortress's Clairwood Logistics Park
Fortress achieves strong interim performance, simplifies capital structure
11th March 2024 By: Tasneem Bulbulia

Real estate company Fortress Real Estate Investments says it successfully simplified its capital structure through the implementation of a single class of share, as well as achieved other... 


Locomotives used by Transnet Freight Rail
GDP figures cap decade of negative GDP per capita growth – BLSA
11th March 2024 By: Schalk Burger

While the gross domestic product (GDP) growth for the fourth quarter of 2023 was 0.1%, growth was negative in terms of GDP per capita, given that population growth is outpacing it. "We have been... 


Lotte Aluminium Materials USA and SMS group agree on a strategic partnership for a logistics and digitalization package for the new greenfield aluminum cathode foil plant in Kentucky
11th March 2024

SMS group's digital package to be seamlessly integrated onto third-party systems Fully automatized order execution, tracking, handling and quality evaluation on pass level Fully configurable... 


Concorde Cells
Metso launches Concorde Cell flotation technology in Africa
8th March 2024 By: Darren Parker

Process and optimisation technology company Metso has launched the first of its Concorde Cell high-intensity pneumatic flotation units in Africa through local manufacturing partner Betterect, which... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
We are committed to confronting climate change – ARM
8th March 2024 By: Martin Creamer

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to... 


Business Unity South Africa president Mxolisi Mgojo
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially forecast
8th March 2024 By: Terence Creamer

Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling... 


Public Enterprises Minister Pravin Gordhan
Gordhan to retire after elections
8th March 2024 By: Reuters

Minister of Public Enterprises, Pravin Gordhan, will retire after this year's general elections on May 29, he told Reuters on Friday. Gordhan oversees State entities including struggling power... 


Photo of Terence Creamer
Business, govt meet to discuss electricity, logistics reforms
8th March 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the latest meeting held between senior business leaders and President Cyril Ramaphosa and his Cabinet; the feedback provided on efforts to tackle... 


Precision investment castings
New owners of precision casting company drive technology, skills investment
8th March 2024 By: Marleny Arnoldi

Following a takeover of Rely Precision Castings by a new group of shareholders, the company is undergoing a renewed market expansion drive with investment into technology, and development of a... 


DENYS HOBSON
Global growth is expected to be subdued, if not stagnant, in 2024
Close collaboration essential to ensure competitive market, industry
8th March 2024

Global growth is expected to be subdued, if not stagnant, in 2024, and amid this slow growth and some challenging market conditions, global trade is also expected to be sluggish, says financial... 


SCOTT EDMUNDSON
By creating an international registry for recognising and enforcing creditor and lessor rights, these treaties aim to reduce financing costs and risks
Immediate actions needed to foster a more competitive rail industry
8th March 2024 By: Simone Liedtke

South Africa’s rail sector is faced with unprecedented challenges that threaten its operational viability and economic contribution, says law firm Webber Wentzel partner Scott Edmundson, who says... 


Photo of Martin Creamer
South Africa’s mining industry must be given a new ticket to ride
8th March 2024 By: Martin Creamer

The decline of South Africa’s mining industry must be vigorously arrested by giving the flagging sector a new ticket to ride. Bureaucratic hoops must be reduced to a minimum and critical minerals... 


Ctrack index points to another year of ‘fairly subdued’ transport-sector growth
8th March 2024 By: Irma Venter

The Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of fairly subdued growth for the transport sector”. This is based on the assumption of mediocre economic growth in South... 


An artist's impression of the Cape Winelands airport
Cape Winelands Airport, South Africa
8th March 2024 By: Sheila Barradas

RSA.Aero aims to construct Cape Town’s second, big commercial airport. 


Image of Zondereinde mine and selter
Zondereinde Western extension project, South Africa – update
8th March 2024 By: Sheila Barradas

Northam Platinum has implemented several capital preservation initiatives at the project. 


Image of solar panels
Zimplats solar project, Zimbabwe – update
8th March 2024 By: Sheila Barradas

The planned solar plant commissioning has been negatively impacted on by severe port and logistics constraints. 


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... 


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... 


SAPICS members visit BMG World distribution facility
SAPICS members visit BMG World distribution facility
7th March 2024

BMG hosted 30 SAPICS members at the end of last year, for a walkthrough of the BMG World distribution facility in Johannesburg. “BMG World - our 16 000 m² distribution facility - serves as a... 


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... 


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... 


Peanut butter recall puts the spotlight on often-overlooked reverse logistics competence, says supply chain body
6th March 2024

The ongoing recall of peanut butter products has put the spotlight on reverse logistics, an often-neglected aspect of supply chain management, according to SAPICS (The Professional Body for Supply... 


Incoming MD Simon Rushton
New board to spearhead Macro’s iron-ore push
6th March 2024 By: Mariaan Webb

Australia’s Macro Metals on Wednesday announced the appointment of an experienced board with a dedicated focus of developing its Pilbara iron-ore portfolio, sending the company’s stock surging on... 


An image of Sapra vice chairperson Lebo Ramolahloane
Petrol price increase poses risks to other industries
5th March 2024 By: Tasneem Bulbulia

South Africa’s food security is in the spotlight, with current weather conditions posing enough of a threat to farmers to cause a potential yield loss of their crops, following the heatwaves and... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


Red Rock selected as location for Ontario lithium refinery
Red Rock selected as location for Ontario lithium refinery
5th March 2024 By: Mariaan Webb

Clean technology company Rock Tech has selected the former Norampac paper mill site in Red Rock as the location to develop Ontario’s first lithium refinery. Rock Tech, which is listed on the... 


An aerial view of the Port of Durban
Business activity picks up in February, PMI survey shows
5th March 2024 By: Reuters

South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P... 


Carol Koech
Bridging the talent shortage in modern data centres
5th March 2024

By Carol Koech, Strategy Director, Sustainability & Thought Leadership – Schneider Electric International Operations  The rapid expansion of data centres has created a high demand for skilled... 


John Thompson
5th March 2024

Visit virtual showroom of John Thompson  


Report reveals drop in insolvencies for South Africa, but challenges remain
4th March 2024 By: Sabrina Jardim

Trade credit insurance company Allianz Trade has released its latest ‘Global Insolvency Report’, unveiling updated forecasts for 2024 and 2025. According to Allianz, global insolvencies are set to... 


A truck with the Bidvest International Logistics logo
Bidvest grows trading profit, declares dividend, pursuing further acquisitions
4th March 2024 By: Schalk Burger

JSE-listed diversified services, trading and distribution company Bidvest recorded an 8.8% year-on-year increase in revenue to R62.2-billion andan 11.8% increase in trading profit to R6.5-billion... 


Chicken portions being packed
RCL reports higher interim earnings, unbundling of its Rainbow business
4th March 2024 By: Marleny Arnoldi

JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended... 


BLSA CEO Busi Mavuso
Mavuso urges public-private collaboration to mitigate looming natural gas cliff
4th March 2024 By: Marleny Arnoldi

Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from... 


Image of a warehouse
More warehouse space across South Africa
1st March 2024

Logistics service provider Rhenus South Africa is expanding its warehousing capacities in South Africa. The company’s integrated warehousing services will be particularly focused on providing... 


Air Liquide subsidiary chooses local BBBEE partner
1st March 2024 By: Sabrina Jardim

Air Liquide Large Industries South Africa (ALLISA) has appointed investment holding company Community Investment Holdings (CIH) as its local broad-based black economic empowerment (BBBEE) partner,... 


National Treasury director-general Dr Duncan Pieterse
PPP reforms could avert need for prescribed-assets policy to increase private infrastructure investment – Pieterse
1st March 2024 By: Terence Creamer

National Treasury director-general Dr Duncan Pieterse says the reforms being proposed to facilitate greater private sector investment into infrastructure could obviate the need to introduce a... 


Image of Kamoa mining complex
Kamoa-Kakula Copper Complex, Democratic Republic of Congo – update
1st March 2024 By: Sheila Barradas

Ivanhoe chairperson Robert Friedland has commented that Kamoa-Kakula continues to exceed expectations in terms of overall performance. 


An image of sparks on steel
Low demand threatens sustainability
1st March 2024 By: Nadine Ramdass

The South African steel sector is facing significant challenges, primarily because of oversupply, in addition to very little demand, coupled with economic constraints. Resolving these issues... 


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Magazine round up | 19 April 2024
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