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South African rand stable, national election looms
South African rand stable, national election looms
Updated 7 hours ago By: Reuters

The South African rand was stable in early trading on Tuesday, against a weaker dollar and ahead of a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 07:09 GMT, the rand traded... 


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CEF's Sapref refinery purchase raises clean-up concern
27th May 2024 By: Bloomberg

South Africa’s purchase of the nation’s largest refinery from Shell and BP for a symbolic R1 will transfer the environmental liability of the site to the government, according to a local advocacy... 


Hyland Europe, Middle East and Africa associate VP for sales Jean van Vuuren
Internal digital content serves as repository of truth for AI in companies – Hyland
27th May 2024 By: Schalk Burger

The current focus for businesses is to automate the ingestion and use of content, and to use the advent of AI to analyse it and create business value, Hyland Europe, Middle East and Africa... 


Multimodal Inland Port Association launched
27th May 2024 By: Tasneem Bulbulia

The Multimodal Inland Port Association (MIPA), which seeks to address a critical need in South Africa’s logistics landscape, was launched in South Africa last week. The association aims to act as... 


Transmission infrastructure
Wheeling progressing in South Africa, the rest of Africa
27th May 2024 By: Schalk Burger

The use of national electricity grids to wheel power from renewable-energy projects to demand centres is growing in Africa and helping to drive greater scale in the building of renewable-energy... 


Valuable use of ruthenium being researched.
Ruthenium highlighted again in what could be another big boost for platinum group metals
27th May 2024 By: Martin Creamer

Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of... 


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Labour department, IDC launch round two of the Innovation Fund
27th May 2024 By: Tasneem Bulbulia

The Department of Employment and Labour, in partnership with the Industrial Development Corporation (IDC), has announced the launch of the second round of the National Pathway Management Network’s... 


Intern at work for Nordex Energy South Africa
Nordex Energy South Africa progresses impactful internship programme
27th May 2024 By: Marleny Arnoldi

Original-equipment manufacturer Nordex Energy South Africa (Nesa) is progressing well with an internship programme for promising young engineers and technicians across three provinces. The... 


AMSA CEO Kobus Verster
Just Share unhappy that its question was not addressed at AMSA’s AGM
27th May 2024 By: Darren Parker

Nonprofit activist organisation Just Share has accused ArcelorMittal South Africa (AMSA) of sub-par AGM governance because the chairperson closed the company’s AGM on May 24 before addressing a... 


BLSA CEO Busisiwe Mavuso
Mavuso reflects on government progress, says private-sector partnership key
27th May 2024 By: Sabrina Jardim

Ahead of the national elections on May 29, Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso says that, despite the challenges facing South Africa, voting is a foundation for democratic... 


Image of Caterpillar machine
Barloworld profit dips as slowdown in local mining industry takes its toll
27th May 2024 By: Irma Venter

Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March... 


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South African food inflation continued a downward trend in April
27th May 2024 By: Rebecca Campbell

In April, for the second month in a row, year-on-year (y-o-y) South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to as food inflation, for short) ran at a rate... 


An image of the Sapref refinery
bp, Shell agree to sell Sapref land, associated assets to the CEF
27th May 2024 By: Tasneem Bulbulia

Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the... 


An image showing Re-Purpose's reverse collection model
ALPLA, Re-Purpose partner to strengthen plastics cycle in South Africa
27th May 2024 By: Tasneem Bulbulia

Plastic packaging manufacturer and recycler the ALPLA Group and waste repurposing company Re-Purpose have announced a strategic partnership that is expected to advance sustainable packaging... 


Tiger Brands’ interim results impacted by trading conditions, leadership transition
27th May 2024 By: Tasneem Bulbulia

JSE-listed Tiger Brands says it results for the six months ended March 31 reflect a tough trading environment, with negative volume growth across retail and wholesale channels, as well as the... 


A truck delivering coal to a power station
Uncertainty over coal jobs ahead of South Africa elections
27th May 2024 By: Reuters

Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni... 


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Magazine round up | 24 May 2024
Magazine round up | 24 May 2024

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

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

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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,...

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Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

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