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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...
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...
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...
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...
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...
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...
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...
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 reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling...
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...
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...
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...
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...
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...
Egyptian National Railways plans to modernise the signalling system and tracks across an estimated 125 km of rail tracks.
Consistent with the requirements of Sibanye’s capital allocation framework, the project will be delayed and is expected to ramp up again during 2025.
BHP has signed nonbinding sales agreements for all potash production from both phases of the Jansen mine.
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...
Industry regulator the Property Practitioners Regulatory Authority (PPRA) on March 6 launched the Transformation Property Partnership programme, which is aimed at enabling meaningful youth...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
Pensana has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million.
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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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