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Koeberg nuclear power station
Koeberg nuclear power station
Nuclear Regulator grants Eskom permission to extend life of Koeberg Unit 1 to July 2044
Updated 4 hours ago By: Terence Creamer

South Africa’s National Nuclear Regulator (NNR) board has approved a 20-year life extension for Koeberg Unit 1, but has deferred a decision on the nuclear power station’s Unit 2 until late 2025, owing to the fact that an assessment of the second... 


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Redefine executes on water resilience strategy
Updated 4 hours ago By: Natasha Odendaal

As concern increases over the possibility of further water outages in South Africa, JSE-listed Redefine Properties is developing further storage capacity and enhancing existing backup capacity, in... 


A Bell Equipment vehicle
IAB offers to buy remaining Bell Equipment shares, plans to delist the company
Updated 6 hours ago By: Schalk Burger

Investment holding company IAB, which is owned by representatives of the founding family and affiliates of Bell Equipment and holds 70.13% of the company's issued shares, has offered to buy the... 


Sasfin offers minorities 65% premium for shares, plans delisting
Updated 3 hours ago By: Bloomberg

Sasfin Holdings made an offer to minority shareholders that values the South African financial-services company at R969-million and plans to delist from the JSE as it refocuses its business. The... 


Parliamentary Defence Committee concerned about underfunding of SANDF deployments 
Updated 4 hours ago By: Rebecca Campbell

The new Parliamentary Portfolio Committee on Defence and Military Veterans regards the proper funding of the South African National Defence Force (SANDF) as a matter of the “utmost urgency”, it has... 


An Embraer ERJ140 of Airlink
Airlink increases the number of its Durban-Harare flights
Updated 4 hours ago By: Rebecca Campbell

South African regional and domestic airline Airlink announced on Monday that it would increase the frequency of its flights between South Africa’s main Indian Ocean coast city, Durban, in... 


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Sappi sells Lanaken mill site for €50m
Updated 3 hours ago By: Schalk Burger

After closing the Sappi Lanaken mill, in Belgium, in December, following the company's announcement to reduce production capacity for graphic paper in Europe, Sappi has concluded an agreement with... 


Maersk tankers and competitors bet billions on ammonia fuel carriers
15th July 2024 By: Bloomberg

Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being produced today — wagering it will become integral to the... 


Rough diamonds produced in Botswana
IMF slashes Botswana's 2024 growth forecast amid diamond market woes
15th July 2024 By: Reuters

The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement. The... 


A stack of ZiG10 banknotes
Zimbabwe bankers back plan to adopt ZiG as sole currency before 2030
15th July 2024 By: Bloomberg

Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date of 2030, provided the economic stability which the bullion-backed unit has delivered is... 


NRF environmental data node wins prestigious award
12th July 2024 By: Rebecca Campbell

The National Research Foundation (NRF), which is the agency responsible for supporting and promoting scientific and technological research in South Africa by means of funding, human skills... 


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William Gumede
GNU should ensure more consensus, accountability 
12th July 2024 By: Marleny Arnoldi

The formation of the national Government of National Unity (GNU) has seemingly created a positive and optimistic mood among investors and society, but the onus is on coalition parties to... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Week's platinum futures poised to manage price risk, boost demand
12th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


The ribbon cutting by Mosa Mabuza and Siphelele Buthelezi
CGS reopens National Geoscientific Library after revamp
12th July 2024 By: Sabrina Jardim

Council for Geoscience (CGS) CEO Mosa Mabuza and Geoscientific Services executive manager Siphelele Buthelezi this week officially reopened the National Geoscientific Library (NGL). Closed to the... 


Aviation technology group SITA’s takeover of Materna IPS has been approved
12th July 2024 By: Rebecca Campbell

Global air transport industry technology solutions group SITA announced on Friday that it had completed all the legal procedures and regulatory formalities for its acquisition of Germany-based... 


An infrastructure project under construction
Cesa, Aon state need for infrastructure resilience as Engineering Excellence Award finalists are announced
12th July 2024 By: Schalk Burger

Industry organisations Consulting Engineers South Africa (Cesa) and professional services and management consulting firm Aon South Africa have announced the finalists for the Cesa Aon Engineering... 


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Magazine round up | 12 July 2024

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

MORE LITHIUM: Four new Argentinian lithium projects are set to enter production in the coming months, which will almost double the country’s production capacity. Built on salt lakes nestled in the Andes mountains in South America’s so-called lithium triangle, Bloomberg notes that the extra production comes when buyers are already well supplied and prices are under pressure. Photograph: Bloomberg.
MORE LITHIUM

Four new Argentinian lithium projects are set to enter production in the coming months, which will almost double the country’s production capacity. Built on salt lakes nestled in the Andes... 

Photo of Martin Creamer
Faster economic growth is a must because it serves the interests of everyone

It has been estimated that an increase in gross domestic product (GDP) from 1% to 2.5% would create an additional 21-million jobs within a decade and add something like R330-billion a year to the... 

Photo of Terence Creamer
Rewards and risks

The decision to again uncouple the energy portfolio from mineral resources and appoint Dr Kgosientsho Ramokgopa as the new Electricity and Energy Minister in the government of national unity has... 

Business Leader

Grant Sboros, CEO of Euro Sun Mining
Grant Sboros

This week we profile Grant Sboros, CEO of Euro Sun Mining, the developer of the Rovina Valley project, in west-central Romania, one of Europe’s largest gold/copper projects 

CHAIRS AT THE TABLE: South Africa’s government of national unity is unquestionably the best outcome from what was a potentially treacherous political moment. Given the number of issues and interests at stake, it is also no surprise that the number of Ministerial seats at the Cabinet table has increased. It is nevertheless ironic, given that some of those occupying them were among the most vociferous critics of the previous ‘bloated’ Cabinet.
CHAIRS AT THE TABLE

South Africa’s government of national unity is unquestionably the best outcome from what was a potentially treacherous political moment. Given the number of issues and interests at stake, it is... 

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

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WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
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,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

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