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US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 By: Bloomberg

Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who... 


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... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


In 2023, CEVA Logistics won the award for the “Most Innovative Supply Chain Project”. Pictured are (from left): Nicola Stewart, Cynthia Nkosi, Glynis Jordan, Terrence Martin and Nicholas Somerai from CEVA Logistics, with Africa Supply Chain Excellence Awards director Liesl de Wet
Supply chain professionals wishing to have their achievements recognised and help to raise the standards of supply chain management across Africa have just two weeks left to enter this year’s prestigious Africa Supply Chain Excellence Awards
13th March 2024

With entries closing on 27 March 2024, the organisers of this annual showcase are urging African supply chain professionals to get their submissions in soon and help to shape the future of supply... 


Reserve Bank governor Lesetja Kganyago
South Africa should get off global regulator's 'grey list' in 2025, says Kganyago
13th March 2024 By: Reuters

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 


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... 


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... 


Image of Cyril Ramaphosa
Ramaphosa assures Eskom working on increasing electricity generation capacity
11th March 2024 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that Eskom, under the leadership of its new Group CEO, is finalising an agreement with business to deploy additional independent skilled experts to support... 


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... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


LEONARD DE VILLIERS
Challenges have resulted in significant disruptions and inefficiencies in the country’s transportation network
Local expertise needed to address challenges
8th March 2024

Despite having the most advanced railway system on the continent, with about 30 000 km of track, the South African rail and transportation sector is currently facing numerous significant... 


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... 


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... 


Image of railway tracks
Cairo-Beni Suef railway corridor upgrade and modernisation, Egypt
8th March 2024 By: Sheila Barradas

Egyptian National Railways plans to modernise the signalling system and tracks across an estimated 125 km of rail tracks. 


Image of gold nugget
Burnstone gold project, South Africa – update
8th March 2024 By: Sheila Barradas

Consistent with the requirements of Sibanye’s capital allocation framework, the project will be delayed and is expected to ramp up again during 2025.  


Image of Jansen potash mine
Jansen potash project, Canada – update
8th March 2024 By: Sheila Barradas

BHP has signed nonbinding sales agreements for all potash production from both phases of the Jansen mine. 


LOCATION MAP OF THE LONGONJO MINING OPERATION
Longonjo neodymium/praseodymium project, Angola – update
8th March 2024 By: Sheila Barradas

Preparatory works are advancing smoothly. 


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... 


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... 


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... 


An image depicting the BluVeinXL – Surface Mining Electrification Technology
Hitachi Energy, BluVein accelerate the electrification of heavy haul mining fleets through MoU
5th March 2024 By: Sabrina Jardim

Global technology group Hitachi Energy and BluVein – an innovator in dynamic charging technology – have signed a memorandum of understanding (MoU) to accelerate the electrification of heavy haul... 


A truck operating at a mine
South African economy averts recession as mining sector rebounds
5th March 2024 By: Bloomberg

South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries including mining and manufacturing rebound. Gross... 


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... 


World-first corrosion-resistant flameproof junction box nominated for HazardEx Technical Innovation Award 2024
World-first corrosion-resistant flameproof junction box nominated for HazardEx Technical Innovation Award 2024
5th March 2024

The world’s first polymeric, corrosion-resistant, direct-entry, flameproof junction box from Pratley has been nominated for the 2024 HazardEx Awards in the category of Technical Innovation, reveals... 


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... 


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... 


Ringrollers brings its expertise to new sectors
Ringrollers brings its expertise to new sectors
1st March 2024 By: Nadine Ramdass

Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering,... 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
1st March 2024 By: Darren Parker

Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Image of Kolomela mine
Kapstevel South project, South Africa – update
1st March 2024 By: Sheila Barradas

The project is largely complete. 


Image of Angola map/flag
Longonjo neodymium/praseodymium project, Angola – update
1st March 2024 By: Sheila Barradas

Pensana has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million. 


Acting TFR CEO Russell Baatjies and Sasol CEO Fleetwood Grobler (seated at centre) sign the agreement, in front of their respective teams, including (standing from left to right) Mario Klaasen, Loven Naidoo, Bonginkosi Mabaso, Pierre Koch, Pierre Taljaard and Kevin Govender, with Ayanda Mokhesi seated to the left of Baatjies and Brad Griffith and David Mokomela seated to Grobler’s right
Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ammonia tankers
29th February 2024 By: Terence Creamer

Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


TFR acting CEO Russell Baatjies and Sasol CEO Fleetwood Grobler sign the agreement, alongside their respective teams
Sasol to fund TFR’s maintenance of 128 ammonia tankers
28th February 2024 By: Terence Creamer

JSE-listed Sasol has signed a five-year public-private partnership (PPP) agreement with Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair... 


AECI CEO Holger Riemensperger
Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth
28th February 2024 By: Terence Creamer

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies... 


BCG highlights challenges, opportunities amid energy transition
28th February 2024 By: Sabrina Jardim

Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting... 


Bidvest sells 27.5% in logistics unit to investment firm Akhona
28th February 2024 By: Bloomberg

A subsidiary of South African conglomerate Bidvest Group is selling a 27.5% stake in a logistics business to black women-owned financial firm Akhona Strategic Investments. Akhona, headed by former... 


Naledi image
Ringrollers brings its expertise to new sectors
27th February 2024

Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering,... 


Deputy President Paul Mashatile
169 Zondo Commission 'recommendations' still under investigation – Mashatile
27th February 2024 By: Sashnee Moodley

The Integrated Task Force, set up by the National Prosecuting Authority and the Hawks, is coordinating the implementation of 205 'recommendations' that came out of the Zondo Commission of Inquiry... 


BLSA CEO Busisiwe Mavuso
‘Deep’ reforms, Transnet appointments key to dealing with South Africa’s logistics crisis – BLSA
26th February 2024 By: Sabrina Jardim

With commodity prices declining and mining companies being unable to get output to their markets owing to issues with the rail and port services that State-owned utility Transnet provides, business... 


Rolls-Royce highlights its African presence, and delivers record results for 2023
23rd February 2024 By: Rebecca Campbell

UK-based global major propulsion and power systems group Rolls-Royce has highlighted its presence in Africa. It did so in parallel with the release of its full-year results for 2023. The group’s... 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


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