$13.5tr needed by 2050 for decarbonisation, especially in hard-to-abate industry sectors

The world will require $13.5-trillion in investments by 2050 to transition to a more sustainable and carbon-neutral future, particularly in the production, energy and transport sectors, the World... 

AMIE warns of higher poultry prices

Industry organisation the Association of Meat Importers and Exporters of Southern Africa (AMIE) has warned that poultry prices may increase over the festive season and into the new year owing to... 

Higher impairments, forex losses, finance costs contribute to losses for Nampak

JSE-listed packaging company Nampak expects to report a headline loss a share of between R461 and R476 for the financial year ended September 30, compared with headline earnings a share of R75.89... 

Zeda reports higher revenue, Ebitda

JSE-listed vehicle rental and leasing company Zeda, in its maiden results as a listed company, reported a 12.4% year-on-year increase in revenue to R9.14-billion for the financial year ended... 

Mastercard completes significant new payments technology infrastructure in South Africa

Payments services multinational Mastercard has completed the construction of significant new technological infrastructure in South Africa that will enable the company to process transactions... 

Report highlights return to offices trend, warns cost of living may drive workplace activism

Law firm Herbert Smith Freehills' 'Future of Work' report shows that 70% of employers expect more work to be done from the office than from the home in the next two years and 47% expect the right... 

Up to 6 000 Post Office jobs on the line

The business rescue plan for the South African Post Office, published by the joint business rescue practitioners (BRPs) Anoosh Rooplal and Juanito Damons, is aimed at stabilising the company,... 

PRASA dismisses employee following fraud investigation

State-owned passenger rail company the Passenger Rail Agency of South Africa (PRASA) has dismissed an employee for the alleged theft of R34.5-million. PRASA detected irregular payments during... 

PG Bison’s new R1.8bn MDF investment in Mkhondo to open in July

Wood-based panel products manufacturer PG Bison will complete a R1.87-billion investment in a new medium-density fibreboard (MDF) Contiroll line in Mkhondo, Mpumalanga, in July. This will increase... 

Africa must do more to advance its own development – Manuel

Africa's business sector and governments must push harder in addressing the challenges facing the continent, as the biggest threat to its development is complacency, said insurance and investment... 

Clean technology leads as African foreign direct investment rebounds

Advisory and professional services firm EY's eleventh Africa Attractiveness Report found that clean technology led the foreign direct investment (FDI) drive into Africa against a backdrop of a... 

PPC reports higher interim revenue, earnings

JSE-listed cement and construction materials company PPC has reported a 20.9% year-on-year increase in revenue to R6-billion for the six months ended September 30.  Its earnings before interest,... 

PPC to sell its stake in Rwanda business

JSE-listed construction materials supplier PPC has concluded an agreement to sell its 51% shareholding of Rwandan integrated cement manufacturer Cimerwa for $42.5-million to Kenya-based National... 

Hydrogen electrolyser capacity expected to increase by 143% over two years

Global hydrogen electrolyser supply capacity is expected to increase by 143% over the next two years, after having increased by 103% from 2022 to 2023, the ‘Hydrogen Electrolyser Supplier’ report,... 

Spear breaks ground on George Airport Business Park light industrial, logistics hub

JSE-listed real estate investment trust Spear has broken ground on its R400-million investment into the Airport Business Park, in George, in the Western Cape. The 19.5 ha development will provide a... 

Open Access to launch Phase 2 of Isando ICT hub in early 2024

Data centre services company Open Access Data Centres (OADC) is preparing to launch the larger Phase 2 of its Isando information and communications technology (ICT) hub, in Gauteng, in the first... 

Microsoft to support 30m Africans to develop AI skills

Information technology multinational Microsoft, at its 'AI: A New Era' event on October 30, announced plans to certify 30-million people in Africa in artificial intelligence- (AI-) related skills... 

South Africa must recover State capacity to drive inclusive growth, seize green opportunities

Two broad challenges – collapsing State capacity and spatial exclusion – have led to South Africa's economy being defined by stagnation and exclusion and the country needs a strategy to recover... 

Dipula grows revenue, NAV and portfolio value, but distributable earnings decrease

JSE-listed real estate investment trust Dipula Income Fund increased its revenue by 3% year-on-year to R1.4-billion and its net asset value (NAV) by 2.1% year-on-year to R6.1-billion for the... 

Bidcorp reports good performance for four months to end Oct

In an update to the market on its trading performance for the four months from July to October, JSE-listed foodservices multinational Bidcorp CEO Bernard Berson said the company was happy with its... 

Equites successfully raises R500m, to reduce debt, debt costs and LTV

JSE-listed real estate investment trust Equites has raised R500-million through the public auction of a five-year listed senior unsecured floating rate note in the South African debt capital... 

Liberty finalises buyout of L2D shares

Financial services firm Liberty has finalised the acquisition of real estate investment trust Liberty Two Degrees' (L2D's) minority shares at R5.55 a share and terminated the listing of L2D shares... 

South Africa Tourism, Google sign tourism promotion agreement

Tourism Minister Patricia de Lille and search engine and Internet services multinational Google have signed a collaboration agreement to support the use of digital tools to enhance tourism... 

Montego invests R11m in solar, energy storage system

Pet food maker Montego Pet Nutrition has invested a further R11-million in a solar photovoltaic (PV) installation and energy storage plant at its head office. This follows the installation of a... 

Premier reports good interim performance in difficult environment

JSE-listed fast-moving consumer goods and personal care products company Premier Group has reported a 23.9% year-on-year increase in earnings before interest, taxes, depreciation, and amortisation... 

Teraco to expand CT2 data centre by 30 MW

Data centre and interconnection hub company Teraco will expand its CT2 hyperscale data centre facility in Brackenfell, Cape Town, by 30 MW to 50 MW. The expansion will be completed in early 2025... 

Goedehoop teleport facility to boost non-terrestrial communications

The Goedehoop teleport in Doornkloof, Pretoria, is being completed by satellite network company Paratus and will greatly enhance non-terrestrial communications across all key connectivity pillars,... 

Peikko completes Reserve 5 factory, warehouse columns in Cape Town in one week

Precast construction company Peikko South Africa completed the columns for the 5 100 m² Reserve 5 factory and warehouse project, in Cape Town, for Cream Properties in one week. The factory and... 

Africa must do more to advance its own development – Manuel

Africa's business sector and governments must push harder in addressing the challenges facing the continent, as the biggest threat to its development is complacency, said insurance and investment... 

CSIR launches enterprise to commercialise first set of 18 technologies

The Council for Scientific and Industrial Research (CSIR) has launched its intellectual property (IP) commercialisation enterprise CSIR C-Cubed (CSIR C3) with a portfolio of 18 technologies and it... 

Transnet, deciduous fruit industry cooperating to improve export season logistics performance

State-owned Transnet and its subsidiary organisations are engaging weekly with various fruit industry organisations, namely Hortgro, the South African Table Grape Industry and the Fresh Produce... 

EAIF extends $31m debt facility to Paratus to expand Africa fibre, data centre business

The Emerging Africa Infrastructure Fund (EAIF), infrastructure development and finance organisation Private Infrastructure Development Group (PIDG) and fund manager Ninety One have committed a... 

A2X grows its trade value to R75bn in six years

South African stock exchange A2X Markets has grown its trade value from R657-million in its first year to more than R75-billion within six years. Similarly, trade count increased significantly as... 

Balwin launches programme to enable owners to trade in their apartments

JSE-listed residential property developer Balwin Properties has launched its Balwin Approved trade-in programme, which enables homeowners to trade in their current Balwin apartment for a new Balwin... 

Port Elizabeth port to welcome 37 560 passengers as cruise season starts

The arrival of cruise ship the Vasco da Gama at the Port of Port Elizabeth marked the start of the 2023/24 cruise season in Gqeberha, and the city expects to welcome to its shores 37 560 passengers... 

Clean technology leads as African foreign direct investment rebounds

Advisory and professional services firm EY's eleventh Africa Attractiveness Report found that clean technology led the foreign direct investment (FDI) drive into Africa against a backdrop of a... 

Exclusion of medical aids from NHI preventing a workable national healthcare system

The exclusion of medical aids from a national healthcare system after the National Health Insurance (NHI) Bill is fully implemented is a barrier to creating a workable national healthcare system... 

Redefine lifts revenue, dividend, but interest rates raise funding costs

JSE-listed real estate investment trust Redefine Properties increased revenue by 20.2% to R9.9-billion for the year ended August 31, and declared total dividends for the year of 43.8c a share, up... 

Clientèle and 1Life to merge

JSE-listed financial services firm Clientèle and financial services firm 1Life have agreed to merge, with the enlarged entity to hold a combined 1.5-million active policies and an estimated... 

Climate Finance Accelerator South Africa calls for project proposals

UK government-funded technical assistance organisation the Climate Finance Accelerator (CFA) South Africa has called for proposals for low-carbon projects that are seeking finance and which can...