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Sasol CEO Fleetwood Grobler
Sasol CEO Fleetwood Grobler
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
Updated 1 hour 26 minutes ago By: Terence Creamer

Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the carbon-heavy Mpumalanga complex’s greenhouse gas... 


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WTO director general Ngozi Okonjo-Iweala
WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade
Updated 7 hours ago By: Reuters

Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious... 


Australian scientists make progress in dealing with hydrogen embrittlement of steel
Updated 1 hour 29 minutes ago By: Rebecca Campbell

Australian researchers have made a step forward in addressing perhaps the biggest single obstacle to the large-scale roll-out of the hoped-for hydrogen economy: hydrogen embrittlement. This is the... 


Mushrooms and canned products produced by Libstar
Libstar reports improvement in its performance for the second half of 2023
Updated 6 hours ago By: Creamer Media Reporter

Consumer packaged goods producer and supplier Libstar says its trading performance, operating margins and cash generation improved significantly in the second half of the 2023 financial year,... 


South Africa’s Jubilee Metals continuing to grow copper strongly in Zambia
Updated 1 hour 55 minutes ago By: Martin Creamer

The copper operations in Zambia of South Africa’s Jubilee Metals showed strong growth in the six months to December 31, with further sharp increases expected going forward. The Johannesburg- and... 


The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.
Likely lifespan boost for critical rare earths project in South Africa’s Limpopo province
Updated 5 hours ago By: Martin Creamer

South Africa’s rare earths project in Limpopo has received a distinctly possible lifespan boost to more than 16 years following an updated bulk density calculation, which has enlarged the likely... 


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A Sasol sign at its Secunda plant
Sasol reports 34% decline in half-year profit
26th February 2024 By: Reuters

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 


OATC representative Gary Concar
OATC celebrates tenth anniversary, highlights importance of offshore safety
23rd February 2024 By: Sabrina Jardim

The Offshore Africa Training Centre (OATC), in Cape Town, in the Western Cape, celebrated its tenth anniversary on February 22 and introduced a new survival training course. As South Africa moves... 


Wind farm in Jeffrey's Bay
SAWEA appoints new chairperson
23rd February 2024 By: Marleny Arnoldi

The South Africa Wind Energy Association (SAWEA) has elected three new board members – Lena Chirwa, Lance Blaine and Nontokozo Nkozi, who will serve as treasurer – for the 2024 financial year.... 


Absa Group CEO Arrie Rautenbach
Absa launches repositioned brand, aims for human-centred banking
23rd February 2024 By: Sabrina Jardim

Financial services provider Absa has launched its repositioned brand, signalling a shift to a more deliberately customer-centric business with the new brand promise being the theme ‘Your Story... 


Econometrix director and chief economist Dr Azar Jammine
Budget shows an economy treading water, not collapsing – Jammine
23rd February 2024 By: Darren Parker

Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to... 


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Partnership set to establish one of the largest Big Five game reserves in South Africa, serve as exemplar PPP
23rd February 2024 By: Sabrina Jardim

The Mpumalanga Tourism and Parks Agency (MTPA) has partnered with non-governmental organisation the Aspinall Foundation and its South African subsidiary WeWild Africa to create one of the largest... 


Image of the Suez Canal
Global unrest fuelling shipping costs, consumers to feel it within a year – Unctad
23rd February 2024 By: Irma Venter

The United Nations Conference on Trade and Development (Unctad) estimates that transits passing through the Suez Canal have decreased by 42% compared with its peak, owing to attacks on Red Sea... 


Solar panels
Another 124 power plants registered with Nersa raising total to 1 087 since 2018
23rd February 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) reports that a further 124 generation facilities were registered during the third quarter of its financial year from October to December,... 


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... 


Treasury backs Central Bank inflation target review
23rd February 2024 By: Bloomberg

National Treasury said there’s a case to be made for the central bank’s inflation target to be reviewed to improve competitiveness and given the adverse impact price growth has on the poor. The... 


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Magazine round up | 23 February 2024
Magazine round up | 23 February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

CURRENCY CRUNCH: Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the exchange rate to a hard asset such as gold,” Ncube said in an online press briefing a week after President Emmerson Mnangagwa signalled that a revamp of the world’s worst-performing currency was under consideration. At the time of the announcement, the Zimbabwe dollar had slumped almost 50% against the US dollar this year after plunging 90% in 2023.
CURRENCY CRUNCH

Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the... 

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Junior mining fund is a start, but should not be seen as the end game

The Junior Mining Exploration Fund just launched by the Industrial Development Corporation and the Department of Mineral Resources and Energy (DMRE) is a start but must not end up as the finish.... 

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Crunch time

The consequences of policy failure in electricity are so obvious there is no need to ventilate them again. Not so for gas, however, given that they are only visible to those manufacturers that have... 

Business Leader

Jurie Wessels, founder and executive chairperson of Vanadium Resources
Jurie Wessels

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 

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HANGING ON

HANGING ON: There was a near audible sigh of relief when ArcelorMittal South Africa announced a six-month deferral to its plan to close its loss-making long-products business. While the group sees... 

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Weir Minerals Africa and Middle East

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

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Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

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Your one-stop global energy-solution partner

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Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

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