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Scatec sub-Saharan Africa GM Alberto Gambacorta
Scatec sub-Saharan Africa GM Alberto Gambacorta
Scatec’s new sub-Saharan Africa head keen to advance 5GW project pipeline
6th November 2024 By: Terence Creamer

The newly appointed head of Scatec’s sub-Saharan Africa business, Alberto Gambacorta, says the group is pursuing a 5 GW pipeline of renewable energy and storage opportunities in the region and especially South Africa, which is already the... 


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Suez Canal Economic Zone set for rapid expansion – chairperson
6th November 2024 By: Reuters

Egypt's Suez Canal Economic Zone (SCEZ) has invested $3-billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract... 


Donald Trump
Trump claims 'powerful mandate' after Fox News projects he has won US presidency
6th November 2024 By: Reuters

Republican Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, which would cap a stunning political comeback four... 


Value-adding titanium dioxide pigment under development
Value-adding titanium dioxide pigment under development
6th November 2024

In an effort to advance ilmenite up the value curve as titanium dioxide pigment, producer Nyanza Light Metals is progressing the construction of a Richards Bay plant to process ilmenite produced... 


Sars Commissioner Edward Kieswetter
South Africa is working on unique digital identity, instant visa
6th November 2024 By: Bloomberg

South Africa plans to create unique identities for its citizens and issue instant visas as it digitizes its economy. The South African Revenue Service, the central bank and the Department of Home... 


Sasol CEO Simon Baloyi
Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi
5th November 2024 By: Terence Creamer

Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and... 


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The fish-to-dragon 1kg platinum investment bar. Picture: China Gold Coin Group.
Investment demand for platinum in China strengthens with launch of new platinum bar
5th November 2024 By: Martin Creamer

The appeal of platinum as an investment asset is being increasingly recognised by Chinese investors, which is resulting in China becoming one of the most important investment markets for platinum... 


Funding for African energy projects needs scaling up, fast
5th November 2024 By: Rebecca Campbell

A topic that really loomed large at the African Energy Week 2024 conference is the need to scale up investment in African energy, highlighted International Energy Agency (IEA) deputy executive... 


Murray & Roberts workers
M&R foresees more immediate liquidity challenges as Venetia contract ends
5th November 2024 By: Marleny Arnoldi

Engineering and contracting group Murray & Roberts (M&R) has advised that its interim earnings for the six months ended December 31 will be impacted on by the loss of business it had in place with... 


Ethiopian Airlines takes delivery of Africa’s first Airbus A350-1000
5th November 2024 By: Sabrina Jardim

Ethiopian Airlines, Africa’s largest Airbus operator, has taken delivery of the first of four A350-1000s from Airbus in Toulouse, France. The first of its kind to be operated by an Africa-based... 


Rand currency
South Africa on the clock as rand volatility soars post-budget
5th November 2024 By: Bloomberg

Investors are giving South Africa’s coalition government some leeway to get its finances in order, but the rising cost of hedging against rand declines shows pressure is building after last week’s... 


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No Day Zero for Gauteng, assures Majodina
5th November 2024 By: Natasha Odendaal

While Gauteng battles many self-inflicted water challenges, it will not face a Day Zero, where the taps will run dry, Water and Sanitation Minister Pemmy Majodina assured on Tuesday. Reflecting on... 


Same standards for imports, quality control needed to revitalise cement and construction
5th November 2024 By: Schalk Burger

To achieve the economic growth necessary to tackle South Africa's very high levels of unemployment, it is vital that the public and private sectors collaborate in launching critical infrastructure... 


Power block at night. Lifting activities at the turbine hall ongoing to meet the tight schedule
Kathu plant's maintenance outage ensuring long-term efficiency in CSP operations
5th November 2024 By: Sabrina Jardim

Kathu Solar Park (KSP), one of South Africa's select few concentrated solar power (CSP) plants, located in the Northern Cape, recently underwent a 30-day offline period to complete its yearly... 


Hydrogen infrastructure
Africa well-positioned to play a key role in a future hydrogen economy
5th November 2024 By: Rebecca Campbell

Africa was well placed to participate in the emerging global hydrogen economy, South African Electricity and Energy Minister Kgosientsho Ramokgopa highlighted on Tuesday. He was addressing the... 


Image of a cruise liner
Cruise industry gives Western Cape economy R1.32bn boost
5th November 2024 By: Irma Venter

The cruise industry contributed R1.32-billion to the Western Cape economy during the 2023/24 season, up from R1.2-billion in the previous season, despite a slight drop in ship calls. This is... 


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Magazine

Magazine round up | 01 November 2024
Magazine round up | 01 November 2024

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

HIGH ANXIETY: While millions of Americans have already voted either in-person or through mail-in ballots ahead of the November 5 Presidential elections, there is still no indication of who will win. The margin between former President Donald Trump and Vice President Kamala Harris is razor-thin. Anxiety levels are high both inside the country and across the world given the potential implications for the future of democracy, as well as economic and trade relations. Photograph: Bloomberg
HIGH ANXIETY

While millions of Americans have already voted either in-person or through mail-in ballots ahead of the November 5 Presidential elections, there is still no indication of who will win. The margin... 

Photo of Martin Creamer
Water power in underground mines should be put to full use

The high electricity tariff scenario should prompt underground miners to make full use of every bit of self-generation potential that is available to them. For decades attention has been drawn to... 

Photo of Terence Creamer
Ongoing adaptation

It is positive that the current framework used by government to procure new generation capacity from independent power producers (IPPs) is under review. These programmes have been struggling to... 

Business Leader

 Andrew Hardie, CEO of Pay@
Andrew Hardie

This week we profile Andrew Hardie, CEO of Pay@, a payments aggregator.  

INFLATION TARGET: South Africa’s official inflation-target band is 3% to 6%, but South African Reserve Bank governor Lesetja Kganyago has made it clear for some time now that his target is actually the mid-point. In a recent speech, Kganyago acknowledged concern about the employment and growth costs of pursuing a lower target. However, he went on to quote studies indicating that there had been “little or no cost to getting inflation to 4.5%”, the takeaway being that he has no intention of applying the brakes while he is behind the monetary-policy wheel.
INFLATION TARGET

South Africa’s official inflation-target band is 3% to 6%, but South African Reserve Bank governor Lesetja Kganyago has made it clear for some time now that his target is actually the mid-point. In... 

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Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

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Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

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Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

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AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

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