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Schalk Burger

Schalk Burger

Schalk Burger is Creamer Media Senior Deputy Editor for Engineering News and Mining Weekly.

By Schalk Burger

Affirma exits pure play beverage can GZI investment after ten years

30th November 2023

Private equity firm Affirma Capital has exited its investment in the GZI Group (GZI) to global investment business Oppenheimer Partners, following its ten-year investment in Africa’s largest... 


NUM Highveld region to march against Transnet over debilitating logistics failures

30th November 2023

Trade union the National Union of Mineworkers' (NUM's) Highveld Region is planning to march to the offices of the Presidency and the Department of Public Enterprises on December 9 to demand an... 


IEA executive director Dr Fatih Birol

IEA to seek 'achievable' 4% a year global energy efficiency improvement goal at COP28

29th November 2023

Global body the International Energy Agency (IEA) will seek to secure commitments from all governments to improve the global average rate of energy efficiency from 2% a year to 4% a year at the... 


From left to right are BII climate manager Saphira Patel, British High Commission economic counsellor Mike Foster, British Deputy High Commissioner to South Africa Adam Bye, BII CEO Nick O'Donohoe, BII Africa head and MD Chris Chijiuotomi and BII South Africa coverage director Thithi Kuhlase-Maseko

UK's BII to invest R125m on Northern, Eastern Cape wind farms

29th November 2023

UK development finance institution British International Investment (BII) will invest R125-million in two 140 MW wind farms in the Northern Cape and Eastern Cape to help tackle South Africa’s... 


Commission welcomes Allens Meshco Group settlement confirmation

29th November 2023

The Competition Commission has welcomed the Competition Tribunal’s order confirming a settlement agreement between the commission and the Allens Meshco Group (AMG) in connection with alleged... 


The Port of Cape Town

Cape Town container terminal clears most of vessel backlog

29th November 2023

The Cape Town Container Terminal (CTCT) has cleared most of its backlog, berthing vessels on arrival with only one vessel at anchor, State-owned Transnet Port Terminals (TPT) reports. The terminal... 


Absa Relationship Banking manufacturing sector head Justin Schmidt

Manufacturing sentiment at its highest level for this year, but conditions remain tough

29th November 2023

Confidence in the manufacturing sector improved slightly to 26 points – the highest level this year – in the fourth quarter, financial services firm Absa's latest quarterly manufacturing survey... 


Virgin Atlantic's Flight 100 being fuelled with SAF

Virgin Atlantic, with Rolls-Royce engines, makes first 100% SAF flight from London to New York

28th November 2023

Airliner Virgin Atlantic's Flight100 – a Boeing 787 using aircraft engine manufacturer Rolls-Royce's Trent 1000 engines – on November 28 departed London for New York across the Atlantic ocean using... 


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

28th November 2023

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

28th November 2023

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

28th November 2023

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 Group CEO Ramasela Ganda

Zeda reports higher revenue, Ebitda

27th November 2023

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 Southern Africa country manager Gabriel Swanepoel

Mastercard completes significant new payments technology infrastructure in South Africa

27th November 2023

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


A boardroom table and chairs

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

24th November 2023

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

24th November 2023

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

24th November 2023

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 Mkhondo facility

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

24th November 2023

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... 


Trevor Manuel

Africa must do more to advance its own development – Manuel

24th November 2023

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

24th November 2023

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 outgoing CEO Roland van Wijnen

PPC reports higher interim revenue, earnings

20th November 2023

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,... 


The Cimerwa cement plant in Rwanda

PPC to sell its stake in Rwanda business

17th November 2023

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

17th November 2023

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,... 


Artist's rendering of the Airport Business Park development in George

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

17th November 2023

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

17th November 2023

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... 


Person typing on a laptop

Microsoft to support 30m Africans to develop AI skills

17th November 2023

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

15th November 2023

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 Income Fund CEO Izak Peterson

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

15th November 2023

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

14th November 2023

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

14th November 2023

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

14th November 2023

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

13th November 2023

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... 


The solar plant at Montego's head office

Montego invests R11m in solar, energy storage system

13th November 2023

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

13th November 2023

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... 


Artist's impression of the expanded CT2

Teraco to expand CT2 data centre by 30 MW

13th November 2023

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... 


An artist's impression of the Goedehoop Teleport

Goedehoop teleport facility to boost non-terrestrial communications

13th November 2023

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

10th November 2023

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... 


Trevor Manuel

Africa must do more to advance its own development – Manuel

10th November 2023

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... 


Science and Innovation Minister Dr Blade Nzimande

CSIR launches enterprise to commercialise first set of 18 technologies

10th November 2023

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

8th November 2023

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

8th November 2023

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 CEO Kevin Brady

A2X grows its trade value to R75bn in six years

8th November 2023

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... 


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