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Image of Motus CEO Osman Arbee
Osman Arbee
‘Asian brothers’ challenging Motus’ South African car sales numbers
Updated 1 hour 10 minutes ago By: Irma Venter

Motus’ stable of imported vehicle brands – Hyundai, Kia, Renault and Mitsubishi – all experienced a tough six months at the end of last year. Speaking at the company’s financial results announcement on Tuesday, the CEO of the parts and vehicle... 


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An image of SA Home Loans CEO Rob Kelso and COO Zakheni Dlamini
SA Home Loans bullish about future, despite 2023 headwinds
26th February 2024 By: Tasneem Bulbulia

As it celebrates its twenty-fifth birthday this week, mortgage finance company and mortgage insurance provider SA Home Loans is optimistic that, despite considerable challenges for consumers and... 


Winter and summer conditions impacted on grain producers – Grain SA
26th February 2024 By: Schalk Burger

The current conditions in the summer grain regions are having a significant economic impact on grain producers, with the summer grain production regions experiencing major challenges with drought... 


Sasol CEO Fleetwood Grobler
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip
26th February 2024 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... 


Australian scientists make progress in dealing with hydrogen embrittlement of steel
26th February 2024 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... 


South Africa’s Jubilee Metals continuing to grow copper strongly in Zambia
26th February 2024 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... 


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Deloitte's head office, in Midrand
Onus largely on private sector to recover economy, says Deloitte
26th February 2024 By: Marleny Arnoldi

With the 2024/25 national Budget not having provided much relief to taxpayers, and the economy having a high debt to gross domestic product (GDP) ratio and slow growth rates, South Africans need to... 


Wind turbines
Enel Green Power signs large-scale South Africa commercial renewable energy deal
26th February 2024 By: Schalk Burger

Renewable energy company Enel Green Power South Africa has signed three long-term power purchase agreements (PPAs) with industrial gases company Air Liquide South Africa and energy and chemicals... 


Image of the Malawian flag
Arise IIP signs deal with Malawi to build R3bn SEZ, dry port
26th February 2024 By: Irma Venter

Arise Integrated Industrial Platforms (ARISE IIP) has signed a development agreement with the government of Malawi for the construction of a R3-billion special economic zone (SEZ) and dry port in... 


Image of Cape Town mayor Geordin Hill-Lewis
Cape Town pays out more than R25m in Cash for Power programme
26th February 2024 By: Irma Venter

The City of Cape Town says businesses and households have earned more than R25.8-million under the city’s Cash for Power programme since the start of the 2022/23 financial year. This comes after... 


Stellantis, Société Générale, Caetano Squadra Africa sign agreement on vehicle sales, financing in Africa
Stellantis, Société Générale, Caetano Squadra Africa sign agreement on vehicle sales, financing in Africa
26th February 2024 By: Irma Venter

Stellantis, in partnership with Paris-based bank Société Générale and vehicle distributor Caetano Squadra Africa, have signed a collaboration agreement aimed at facilitating the sale and financing... 


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Grid infrastrucuture
Ramokgopa says govt close to finalising structure for private grid financing
26th February 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa says all the work being done by government on the financial structure to facilitate private investment into the country’s transmission infrastructure is... 


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... 


Itac finds steel dumping harming Sacu industry, recommends anti-dumping duties against Chinese imports
26th February 2024 By: Schalk Burger

Trade agency the International Trade Administration Commission of South Africa (Itac) has, following an investigation into alleged dumping of steel products from the People’s Republic of China,... 


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
26th February 2024 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... 


Mushrooms and canned products produced by Libstar
Libstar reports improvement in its performance for the second half of 2023
26th February 2024 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,... 


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Magazine

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... 

Photo of Martin Creamer
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.... 

Photo of Terence Creamer
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... 

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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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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Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

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SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

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