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Finance Minister Enoch Godongwana
Finance Minister Enoch Godongwana
Godongwana draws down R150bn from gold and forex account to reduce borrowings and debt-service costs
Updated 20 minutes ago By: Terence Creamer

Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government’s treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in R150-billion in drawdowns from the account over the... 


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World Bank agency guarantees are supporting green energy transition in Africa
Updated 1 hour 29 minutes ago By: Rebecca Campbell

The Multilateral Investment Guarantee Agency (MIGA) of the World Bank had so far supported 16 renewable energy projects in South Africa, with a total generating capacity of 1.4 GW, reported MIGA VP... 


Consumers
South African inflation picks up in January
Updated 3 hours ago By: Reuters

South Africa's headline consumer inflation quickened to 5.3% year on year in January from 5.1% in December, data showed on Wednesday. Key contributors to the annual inflation rate included food,... 


Coleus Packaging MD Ian Victor; Nokusa Packaging MD Phillip Sathekge and Astir Vitogiannis MD Stelios Vitogiann in front of Coleus' new PMC500 machine
Bottle cap manufacturer notes production volume, cost benefits of new machine
Updated 1 hour 52 minutes ago By: Trent Roebeck

Metal crown cap manufacturer Coleus Packaging has acquired a new machine, the PMC500, for its factory in Alrode, Alberton, in order to increase its production of closures for the beer and beverage... 


Incoming Aveng CEO Scott Cummins
No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar
20th February 2024 By: Terence Creamer

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 


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Milken-Motsepe finalists in South Africa to showcase their off-grid, green energy designs
20th February 2024 By: Irma Venter

Bold, scaleable and collaborative – these are the three characteristics of the project that will clinch the $1-million Milken–Motsepe Prize in Green Energy, says Milken Institute senior director Dr... 


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Unemployed persons sitting on a kerb
Unemployment rate to remain high this year, Nedbank warns
20th February 2024 By: Schalk Burger

Financial services firm Nedbank expects employment growth to soften this year, before picking up more convincingly next year. “The unemployment rate will, therefore, remain high,” the bank said on... 


Gauteng Premier Panyaza Lesufi
100 MW of OCGT power to be available in Gauteng by April – Lesufi
20th February 2024 By: Schalk Burger

Johannesburg power utility City Power would, on behalf of the Gauteng government, add 100 MW of electricity capacity to the grid to assist the Gauteng province in its goal to reduce the impact of... 


Aerial view of a GFIP highway and e-toll gantries
Lesufi confident e-tolls to end by March
20th February 2024 By: Schalk Burger

Gauteng Premier Panyaza Lesufi, in his State of the Province Address (SoPA) on February 19, said the provincial government had met with the Finance and Transport Ministers on January 26, and that... 


Special Investigating Unit
SIU gets green light from Ramaphosa to investigate Home Affairs, PRASA
20th February 2024 By: Sashnee Moodley

The Special Investigating Unit is set to probe maladministration at Home Affairs and the Passenger Rail Agency of South Africa following proclamations signed by President Cyril Ramaphosa. The... 


Plentify HotBot geyser management device
HotBot geyser devices deliver energy savings, lower power surges to grid
20th February 2024 By: Marleny Arnoldi

Since launching its HotBot devices for smart geyser management in 2020, energy solutions developer Plentify has recorded considerable energy savings across its user base, as well as lower demand... 


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Copper 360 CEO Jan Nelson.
Rich new Copper 360 discovery points to big Chile-type copper mine potential
20th February 2024 By: Martin Creamer

Okiep Copper Company, which mining company Newmont established in 1937, is today one of the 100%-owned subsidiaries of South Africa’s Copper 360, the only pure copper play listed on the... 


Forge Academy launches new 4IR training centre in partnership with Sibanye-Stillwater
19th February 2024 By: Schalk Burger

Technology training company Forge Academy has launched a new Fourth Industrial Revolution (4IR) training centre and two courses in partnership with mining company Sibanye-Stillwater. The first two... 


Company calls for Finance Minister to announce incentives to drive EV industry growth
19th February 2024 By: Schalk Burger

Electric vehicle (EV) renewable energy charging infrastructure company Zero Carbon Charge is calling on Finance Minister Enoch Godongwana to announce a series of fiscal measures to incentivise the... 


Energy Council of South Africa joins World Energy Council
19th February 2024 By: Schalk Burger

The Energy Council of South Africa has become a member of the United Nations-affiliated global body the World Energy Council (WEC), which will serve to strengthen the standing of the Energy Council... 


Major solar power project in the DRC is now set to start development
19th February 2024 By: Rebecca Campbell

The Africa Finance Corporation (AFC) and SkyPower Global have signed a joint development agreement to implement the first phase of an ultimately 1 000 MW capacity solar power project in the... 


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Magazine round up | 16 February 2024
Magazine round up | 16 February 2024

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

COLLATERAL DAMAGE
COLLATERAL DAMAGE

Egypt’s Suez Canal revenue plunged by almost half in January after attacks by Houthi militants on Red Sea vessels forced major shipping firms to avoid the waterway. Income was about $428-million... 

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Let’s all do our bit to put South Africa back on an upward economic trajectory

As the Investing in African Mining Indaba event highlighted in Cape Town last week, our continent hosts, in considerable volume, very many of the minerals needed for the just energy transition and... 

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Reform momentum

From an economic perspective, the most important signal provided by President Cyril Ramaphosa in his State of the Nation Address was that the reform agenda remains in place, and that it will be... 

Business Leader

Pearl Mashabane: Diversity, equity and inclusion (DEI) leader for Africa and the Middle East at Cummins
Pearl Mashabane

This week we profile Pearl Mashabane, the diversity, equity and inclusion leader for Africa and the Middle East at Cummins, which manufactures, distributes and maintains diesel engines and power... 

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BUDGETARY MAZE

It is now almost impossible to remember a time when commentators were not describing the South African Budget as the most difficult ever for a post-apartheid Finance Minister to navigate. Given... 

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