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        <title>Engineering News | Financial</title>
        <description><![CDATA[Latest news on  financial services and finance, focusing on the economic services provided by the finance industry.]]></description>
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            <title>Fairvest reports progress in repositioning to retail, declares interim dividend</title>
            <link>https://www.engineeringnews.co.za/article/fairvest-reports-progress-in-repositioning-to-retail-declares-interim-dividend-2026-06-03</link>
            <description><![CDATA[JSE-listed real estate investment trust Fairvest CEO Darren Wilder says the company is making consistent progress in repositioning itself as a retail-focused portfolio through the disposal of noncore assets and strategic acquisitions to enhance long-term earnings visibility and sustainability. For the six months to March 31, it declared a distribution per A share of 71.82c, up from 69.66c for the six-month period to March 31, 2025, and a distribution per B share of 25.94c, up from 23.10c per B share in the 2025 interim period.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Wed, 03 Jun 2026 15:47:00 +0200</pubDate>
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        <editor>Chanel de Bruyn</editor>
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            <title>South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-meeting-fiscal-structural-reform-targets-treasury-dg-pieterse-assures-2026-06-02</link>
            <description><![CDATA[South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of lower borrowing costs and a stronger currency, National Treasury director-general Dr Duncan Pieterse has said. According to the National Budget tabled in February, South Africa's debt-to-GDP ratio stabilised for the first time since before the 2008 global financial crisis, and was expected to decrease to 76.5% by 2028/29. The country also posted a third consecutive primary surplus, he said in a prepared speech.]]></description>
            <author>Schalk Burger</author>
            <category>FISCAL REFORMS</category>
            <pubDate>Tue, 02 Jun 2026 16:28:00 +0200</pubDate>
        <a_id>722712</a_id>
        <updated>1780413720</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>Tech-enabled businesses that scale are attracting investments – Endeavor South Africa</title>
            <link>https://www.engineeringnews.co.za/article/tech-enabled-businesses-that-scale-are-attracting-investments-endeavor-south-africa-2026-06-02</link>
            <description><![CDATA[Venture capital firm Endeavor South Africa says five local companies show that innovation-led growth can be environment-agnostic for businesses with strong execution capability, scalable technology and clear market relevance, even in difficult economic conditions. The five firms are financial services firm GoTymeBank, digital payments company Onafriq, digital workplace platform Go1, cross-border remittance company Hello Paisa and insurance technology company Pineapple.]]></description>
            <author>Schalk Burger</author>
            <category>BUSINESS TECHNOLOGY</category>
            <pubDate>Tue, 02 Jun 2026 12:18:00 +0200</pubDate>
        <a_id>722668</a_id>
        <updated>1780397939</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>The Export Credit Insurance Corporation of South Africa announces its new CEO</title>
            <link>https://www.engineeringnews.co.za/article/the-export-credit-insurance-corporation-of-south-africa-announces-its-new-ceo-2026-06-01</link>
            <description><![CDATA[The Export Credit Insurance Corporation of South Africa (ECIC) has announced the appointment of a new CEO, Linda Seroka, who took up the position on June 1. ECIC is a State-owned company that provides export credit and investment insurance to South African exporters. This helps South African businesses to expand into foreign markets while mitigating the risks, commercial and political, involved. This, in turn, contributes to industrial development and economic growth.]]></description>
            <author>Rebecca Campbell</author>
            <category>FINANCE</category>
            <pubDate>Mon, 01 Jun 2026 14:46:00 +0200</pubDate>
        <a_id>722570</a_id>
        <updated>1780321588</updated>
        <published>1780317960</published>
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        <editor>Creamer Media Reporter  </editor>
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            <title>Greencoat Renewables moves from AltX to JSE main board</title>
            <link>https://www.engineeringnews.co.za/article/greencoat-renewables-moves-from-altx-to-jse-main-board-2026-05-28</link>
            <description><![CDATA[Renewable infrastructure company Greencoat Renewables will move onto the main board of the JSE, having been listed on the JSE's AltX since June 2025. The company has also been listed on the Euronext Dublin Growth market and the LSE’s Aim market since 2017. It will reclassify and transfer its secondary listing on the AltX to a dual primary listing on the main board of the JSE.]]></description>
            <author>Schalk Burger</author>
            <category>STOCK EXCHANGE</category>
            <pubDate>Thu, 28 May 2026 15:50:00 +0200</pubDate>
        <a_id>722370</a_id>
        <updated>1780039985</updated>
        <published>1779976200</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Inflation impact likely in emerging markets owing to US-Iran war – BMI</title>
            <link>https://www.engineeringnews.co.za/article/inflation-impact-likely-in-emerging-markets-owing-to-us-iran-war-bmi-2026-05-26</link>
            <description><![CDATA[Financial market research company BMI expects oil prices to average $90/bbl this year, and to remain higher for longer, which will, in turn, feed into rising inflation. This will lead to pressure being placed on the reserves of energy-importing countries and to tightening monetary policies, particularly in emerging markets in Asia, said BMI Emerging Markets director and global economist Nikhil Sanghani on May 26.]]></description>
            <author>Schalk Burger</author>
            <category>INFLATION RISKS</category>
            <pubDate>Tue, 26 May 2026 15:59:00 +0200</pubDate>
        <a_id>722148</a_id>
        <updated>1779805511</updated>
        <published>1779803940</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>Kgodiso fund to grow presence as innovative farmer funding, support model boosts sector</title>
            <link>https://www.engineeringnews.co.za/article/kgodiso-fund-to-grow-its-presence-as-farmer-funding-support-boost-sectors-resilience-2026-05-25</link>
            <description><![CDATA[Agriculture and farmer development fund the Kgodiso Development Fund (KDF), which was established by food and beverage multinational PepsiCo in 2022 as a condition of its acquisition of Pioneer Foods, reports success in its mandate of funding the development of farmers and aims to grow its presence and impact in the coming years. Since its establishment, the fund had approved R246-million for black entrepreneurs in the agricultural sector, including R233-million in loans to entrepreneurs and R12-million to small, medium-sized and microenterprises in the agricultural services and agroprocessing value chain, KDF executive director Diale Tilo said in a May 25 briefing, in Johannesburg.]]></description>
            <author>Schalk Burger</author>
            <category>AGRICULTURE FUNDING</category>
            <pubDate>Mon, 25 May 2026 16:24:00 +0200</pubDate>
        <a_id>722057</a_id>
        <updated>1779778041</updated>
        <published>1779719040</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Sanlam Alternative Investments takes 10% stake in Africa GreenCo for $10m</title>
            <link>https://www.engineeringnews.co.za/article/sanlam-alternative-investments-takes-10-stake-in-africa-greenco-for-10m-2026-05-25</link>
            <description><![CDATA[Sanlam Alternative Investments, the alternative investments business within Sanlam, has become the first private institutional shareholder in renewable energy trader and buyer Africa GreenCo (GreenCo) through the investment of $10-million for a 10% shareholding. GreenCo states that, with more than 2 TWh of electricity traded to date, it holds the highest purchase-side market share across the Southern African Power Pool’s competitive markets. It adds that the investment by Sanlam Alternative Investments will help GreenCo further scale its trading operations.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>INVESTMENT</category>
            <pubDate>Mon, 25 May 2026 11:36:00 +0200</pubDate>
        <a_id>722009</a_id>
        <updated>1779746747</updated>
        <published>1779701760</published>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>GreenCo co-founder and CFO Pug Bennet</image_title>
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            <title>Fitch maintains Eskom's rating at B with a stable outlook</title>
            <link>https://www.engineeringnews.co.za/article/fitch-maintains-eskoms-rating-at-b-with-a-stable-outlook-2026-05-22</link>
            <description><![CDATA[Credit ratings agency Fitch has maintained State-owned power utility Eskom's long-term local-currency issuer default rating at ‘B’ with a stable outlook. Fitch maintained Eskom’s senior unsecured debt at ‘B’ with a recovery rating of ‘RR4’, and its senior unsecured guaranteed debt at ‘BB-’.]]></description>
            <author>Schalk Burger</author>
            <category>CREDIT RATING</category>
            <pubDate>Fri, 22 May 2026 10:53:00 +0200</pubDate>
        <a_id>721894</a_id>
        <updated>1779445812</updated>
        <published>1779439980</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Nampak flags higher normalised HEPS, but lower total operations HEPS, EPS</title>
            <link>https://www.engineeringnews.co.za/article/nampak-flags-higher-normalised-heps-but-lower-total-operations-heps-eps-2026-05-22</link>
            <description><![CDATA[JSE-listed packaging producer Nampak expects its normalised headline earnings per share (HEPS) for the six-month period to March 31 to increase by between 2% and 13% to R39 and R43, compared with the normalised HEPS of R38.16 reported for the six months to March 31, 2025. Normalised HEPS were impacted on by a decline in the contribution of Nampak's diversified business segment, but that was partially offset by a R92-million post-tax reduction in finance costs.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Fri, 22 May 2026 10:51:00 +0200</pubDate>
        <a_id>721893</a_id>
        <updated>1779441631</updated>
        <published>1779439860</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>German investors remain cautiously optimistic amid challenging landscape</title>
            <link>https://www.engineeringnews.co.za/article/german-investors-remain-cautiously-optimistic-amid-challenging-landscape-2026-05-22</link>
            <description><![CDATA[German companies have remained committed to developing a strong South African footprint, despite various structural challenges, and overall investor sentiment among German companies remains cautiously optimistic, says Southern African-German Chamber of Commerce and Industry CEO Maximilian Butek. Most German investors expect stable or slight growth in revenue from the Southern Africa region over the next 12 months, with South Africa remaining the regional anchor alongside increasing focus on Namibia, Zambia, Zimbabwe and Botswana, particularly in mining, energy, infrastructure and logistics.]]></description>
            <author>Nadine Ramdass</author>
            <category>Financial</category>
            <pubDate>Fri, 22 May 2026 00:00:00 +0200</pubDate>
        <a_id>720817</a_id>
        <updated>1779170317</updated>
        <published>1779400800</published>
        <expires>99999999999</expires>
        <editor>Nadine James</editor>
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        <image_title>MAXIMILIAN BUTEK Continued presence of German companies in South Africa reflects confidence in the country’s underlying fundamentals</image_title>
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            <title>Afrimat posts solid results; sets focus on growing cash generation, reducing debt</title>
            <link>https://www.engineeringnews.co.za/article/afrimat-posts-solid-results-sets-focus-on-growing-cash-generation-reducing-debt-2026-05-21</link>
            <description><![CDATA[Although it remains profitable, is able to service its debt and posted good results for the financial year ended February 28, JSE-listed construction materials and industrial minerals mining company Afrimat is focused on increasing its cash generation and reducing its debt. The company posted a net profit of R157.07-million for the financial year under review, compared with a net profit of R113.51-million reported for the 2025 financial year. Headline earnings increased to R145.72-million, from R109.69-million in the prior year.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Thu, 21 May 2026 14:01:00 +0200</pubDate>
        <a_id>721786</a_id>
        <updated>1779377082</updated>
        <published>1779364860</published>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>Afrimat CEO Andries van Heerden</image_title>
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            <title>Calgro M3 maintains dividend, increases NAV, but HEPS declines</title>
            <link>https://www.engineeringnews.co.za/article/calgro-m3-maintains-dividend-increases-nav-but-heps-declines-2026-05-18</link>
            <description><![CDATA[JSE-listed property investment company Calgro M3 has reported a 10.77% year-on-year increase in net asset value (NAV) to R16.46 for the financial year ended February 28. The company declared a final dividend of 8.64c a share, which was identical to the prior financial year's dividend. This represented 5.54% of headline earnings a share (HEPS), which was above the company's 5% policy minimum.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Mon, 18 May 2026 16:31:00 +0200</pubDate>
        <a_id>721521</a_id>
        <updated>1779116171</updated>
        <published>1779114660</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>Calgro M3 group CEO Ben Pierre Malherbe</image_title>
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            <title>Equites expects to make bumper investments in South Africa in 2027 and 2028</title>
            <link>https://www.engineeringnews.co.za/article/equites-expects-to-make-bumper-investments-in-south-africa-in-2027-and-202-2026-05-14</link>
            <description><![CDATA[JSE-listed logistics specialist real estate investment trust Equites CEO Andrea Taverna-Turisan says that, although the company's investments slowed during the financial year to February 28, compared with the 2024 and 2025 financial years, Equites was expecting a “bumper” two years of investments in 2027 and 2028. The financial year under review marked the transition from a period of UK asset recycling and balance sheet optimisation to one of disciplined capital deployment and growth, with South Africa prioritised as the primary engine of earnings and value creation, he said during a presentation of the company's results on May 14.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Thu, 14 May 2026 15:05:00 +0200</pubDate>
        <a_id>721294</a_id>
        <updated>1778765660</updated>
        <published>1778763900</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>JSE to appeal High Court order to review penalties imposed on former Tongaat CFO</title>
            <link>https://www.engineeringnews.co.za/article/jse-to-appeal-high-court-order-to-review-penalties-imposed-on-former-tongaat-cfo-2026-05-13</link>
            <description><![CDATA[The JSE has applied for leave to appeal the North Gauteng High Court's order, issued on April 20, that the stock exchange review its decision to impose a public censure and penalties against Murray Munro, who is the former CFO of distressed sugar miller Tongaat Hulett. On April 18, 2023, the JSE announced that it would impose penalties on Munro, including a public censure and a fine of R6-million, as well as immediate disqualification from holding the office of a director or officer of a listed company for a period of ten years.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL REGULATIONS</category>
            <pubDate>Wed, 13 May 2026 16:29:00 +0200</pubDate>
        <a_id>721224</a_id>
        <updated>1778738591</updated>
        <published>1778682540</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>$150m loan from OPEC Fund to support critical structural reforms – Treasury</title>
            <link>https://www.engineeringnews.co.za/article/150m-loan-from-opec-fund-to-support-critical-structural-reforms-treasury-2026-05-13</link>
            <description><![CDATA[Intergovernmental development finance institution, the Opec Fund for International Development has provided a $150-million development policy loan to South Africa, which is aimed at supporting critical structural reforms to improve the efficiency, resilience and sustainability of the country’s infrastructure services. The loan will support the South African government’s ongoing reform programme aimed at unlocking infrastructure bottlenecks, particularly in the energy and freight transport sectors, which are critical for enabling inclusive economic growth, improving service delivery and fostering job creation, the National Treasury notes in a media statement.]]></description>
            <author>Schalk Burger</author>
            <category>DEVELOPMENT LOAN</category>
            <pubDate>Wed, 13 May 2026 12:52:00 +0200</pubDate>
        <a_id>721163</a_id>
        <updated>1778675411</updated>
        <published>1778669520</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Redefine lifts full-year guidance after increasing first-half distributable income by 7.4%</title>
            <link>https://www.engineeringnews.co.za/article/redefine-lifts-full-year-guidance-after-increasing-first-half-distributable-income-by-74-2026-05-11</link>
            <description><![CDATA[JSE-listed real estate investment trust Redefine Properties reported a 7.4% year-on-year increase in distributable income for the six months ended February 28. This prompted it to increase the guidance for distributable income growth for the full 2026 financial year to end August 31 to between 6% and 7%, compared with the 5% to 6% previously guided.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Mon, 11 May 2026 16:41:00 +0200</pubDate>
        <a_id>721015</a_id>
        <updated>1778511441</updated>
        <published>1778510460</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>Redefine CEO Andrew König</image_title>
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            <title>Enlit Africa to strengthen relationships </title>
            <link>https://www.engineeringnews.co.za/article/enlit-africa-to-strengthen-relationships-2026-05-08</link>
            <description><![CDATA[To bridge the gap between financial institutions and project developers, Enlit Africa 2026 has introduced a range of programmes that increase awareness of stakeholder concerns and align project developers with investor expectations, says event organiser VUKA Group. The event, which will be held at the Cape Town International Conference Centre from May 19 to 21, brings together stakeholders that shape energy and water infrastructure development. The Project & Investment Network (P&IN) brings together developers, financiers, utilities, government and private sector to move Africa’s project pipeline forward. ]]></description>
            <author>Keabetswe Shilakwe</author>
            <category>Financial</category>
            <pubDate>Fri, 08 May 2026 00:00:00 +0200</pubDate>
        <a_id>719830</a_id>
        <updated>1777898968</updated>
        <published>1778191200</published>
        <expires>99999999999</expires>
        <editor>Nadine James</editor>
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        <image_title>TESTING BANKABILITY
Curated discussions with decision-makers from utilities, government and finance are intended to pressure-test what is required to move projects forward
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            <title>Tribunal approves Cape Forests acquisition of merged MTO Forestry, PG Bison Southern Cape</title>
            <link>https://www.engineeringnews.co.za/article/tribunal-approves-cape-forests-acquisition-of-merged-mto-forestry-pg-bison-southern-cape-2026-05-07</link>
            <description><![CDATA[The Competition Tribunal has approved a merger that will see new forestry company Cape Forests Products acquire sole control of the merged entity of softwood forestry company MTO Forestry and wood-based products manufacturer PG Bison Southern Cape (PGBSC). The transaction has been approved, subject to conditions governing supply, transparency, employment and broader public interest considerations, the tribunal says.]]></description>
            <author>Schalk Burger</author>
            <category>MERGERS &amp; ACQUISITIONS</category>
            <pubDate>Thu, 07 May 2026 16:42:00 +0200</pubDate>
        <a_id>720811</a_id>
        <updated>1778165819</updated>
        <published>1778164920</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Datatec expects to report higher full-year EPS, HEPS</title>
            <link>https://www.engineeringnews.co.za/article/datatec-expects-to-report-higher-full-year-eps-heps-2026-05-07</link>
            <description><![CDATA[JSE-listed information and communications technology company Datatec expects to report headline earnings per share (HEPS) of between $0.38 and $0.40 for the financial year ended February 28. That represents a 51% to 58.8% year-on-year increase in HEPS, Datatec notes in a trading statement.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Thu, 07 May 2026 15:10:00 +0200</pubDate>
        <a_id>720786</a_id>
        <updated>1778162156</updated>
        <published>1778159400</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <title>Lower prices, stronger rand contribute to a widened second-quarter loss for Sappi</title>
            <link>https://www.engineeringnews.co.za/article/lower-prices-stronger-rand-contribute-to-a-widened-second-quarter-loss-for-sappi-2026-05-07</link>
            <description><![CDATA[JSE-listed woodfibre-based products company Sappi posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $52-million for the quarter ended March 31 – the second quarter of its 2026 financial year. This was down from the Ebitda of $107-million reported for the March 2025 quarter.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Thu, 07 May 2026 12:54:00 +0200</pubDate>
        <a_id>720761</a_id>
        <updated>1778159024</updated>
        <published>1778151240</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001270327_resized_sappiceostevebinnie11251022.jpeg</image_url>
        <image_title>Sappi CEO Steve Binnie</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Sustained Middle East conflict could push global insolvencies up by 10% this year</title>
            <link>https://www.engineeringnews.co.za/article/sustained-middle-east-conflict-could-push-global-insolvencies-up-by-10-this-year-2026-05-05</link>
            <description><![CDATA[Global business insolvencies are set to rise by 6% this year, on the back of a 6% rise in 2025, which would result in the fifth consecutive year of growing insolvencies, before plateauing at a high level in 2027, says trade credit insurance company Allianz Trade. However, a prolonged conflict in the Middle East would amplify insolvency risks.]]></description>
            <author>Schalk Burger</author>
            <category>BUSINESS INSOLVENCIES</category>
            <pubDate>Tue, 05 May 2026 10:51:00 +0200</pubDate>
        <a_id>720531</a_id>
        <updated>1777974213</updated>
        <published>1777971060</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Metair refinances remaining South African subsidiaries' debt package</title>
            <link>https://www.engineeringnews.co.za/article/metair-refinances-remaining-south-african-subsidiaries-debt-package-2026-05-04</link>
            <description><![CDATA[JSE-listed automotive components manufacturer Metair has refinanced the R3.3-billion debt package of its remaining South African subsidiaries to extend the term of the debt package to five years. This enables the repayment profile to match the expected earnings growth and cash flow, including the elevated capital expenditure planned for the financial year ending December 31, 2026, that will cater for a key customer model changeover.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCES</category>
            <pubDate>Mon, 04 May 2026 11:00:00 +0200</pubDate>
        <a_id>720421</a_id>
        <updated>1777887315</updated>
        <published>1777885200</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>IDC addresses public scrutiny, repositions itself</title>
            <link>https://www.engineeringnews.co.za/article/idc-addresses-public-scrutiny-repositions-itself-2026-04-30</link>
            <description><![CDATA[South African development finance institution (DFI) the Industrial Development Corporation (IDC) has reaffirmed its commitment to supporting black‑owned and black-controlled enterprises, on the back of public reports of allegations of anti‑transformation practices and governance concerns. This follows media reports that the IDC’s lending practices have come under scrutiny, as several black-owned companies are facing liquidation over loan repayments.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>INDUSTRIAL DEVELOPMENT</category>
            <pubDate>Thu, 30 Apr 2026 17:10:00 +0200</pubDate>
        <a_id>720394</a_id>
        <updated>1777878205</updated>
        <published>1777561800</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001269237_resized_parkstau082510221.jpeg</image_url>
        <image_title>Trade, Industry and Competition Minister Parks Tau </image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>KfW Development Bank becomes institutional shareholder in ATIDI</title>
            <link>https://www.engineeringnews.co.za/article/kfw-development-bank-becomes-institutional-shareholder-in-atidi-2026-04-29</link>
            <description><![CDATA[The German development bank KfW has become the latest shareholder in development insurer the African Trade and Investment Development Insurance (ATIDI), thereby further strengthening its capital base and its capacity to support trade and investment across the African continent. The new shareholding underscores Germany’s commitment to strengthening its economic partnership with Africa and to supporting African institutions that facilitate trade and investment across the continent, says KfW Development Bank.]]></description>
            <author>Schalk Burger</author>
            <category>INVESTMENT INSURANCE</category>
            <pubDate>Wed, 29 Apr 2026 15:37:00 +0200</pubDate>
        <a_id>720289</a_id>
        <updated>1777469997</updated>
        <published>1777469820</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Gaia concludes refinancing of empowerment agreements for the De Aar 1 and 2 wind farms</title>
            <link>https://www.engineeringnews.co.za/article/gaia-concludes-refinancing-of-empowerment-agreements-for-the-de-aar-1-and-2-wind-farms-2026-04-29</link>
            <description><![CDATA[Cape Town Stock Exchange-listed renewable energy investment fund Gaia Renewables 1 has concluded agreements to refinance empowerment stakes in the 100.5 MW De Aar 1 and 144 MW De Aar 2 wind farms, in the Northern Cape. The R100-million transaction replaces existing high-cost debt used to fund empowerment ownership.]]></description>
            <author>Schalk Burger</author>
            <category>WIND ENERGY</category>
            <pubDate>Wed, 29 Apr 2026 15:33:00 +0200</pubDate>
        <a_id>720288</a_id>
        <updated>1777469794</updated>
        <published>1777469580</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001268895_resized_gaiafundmanagersciodrhendriksnyman1022.jpg</image_url>
        <image_title>Gaia Fund Managers chief investment officer Dr Hendrik Snyman</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>World Bank warns largest energy price surge in four years will drive inflation</title>
            <link>https://www.engineeringnews.co.za/article/world-bank-warns-largest-energy-price-surge-in-four-years-will-drive-inflation-2026-04-28</link>
            <description><![CDATA[Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, says international finance organisation the World Bank Group in its 'Commodity Markets Outlook' report. Overall commodity prices are forecast to rise by 16% in this year, driven by soaring energy and fertiliser prices and record-high prices for several key metals, the World Bank says.]]></description>
            <author>Schalk Burger</author>
            <category>OIL PRICES</category>
            <pubDate>Tue, 28 Apr 2026 16:24:00 +0200</pubDate>
        <a_id>720217</a_id>
        <updated>1777386581</updated>
        <published>1777386240</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Forum to highlight how mobilising private capital at scale can create jobs, unlock sustainable ...</title>
            <link>https://www.engineeringnews.co.za/article/forum-to-highlight-how-mobilising-private-capital-at-scale-can-create-jobs-unlock-sustainable-growth-2026-04-28</link>
            <description><![CDATA[Ahead of the Africa CEO Forum co-hosted by the International Finance Corporation (IFC) and Jeaune Afrique Media Groupe, to be held on May 14 and 15 in Kigali, Rwanda, the IFC has emphasised the importance of mobilising private capital in Africa and deploying it at scale to create jobs and unlock sustainable growth. With this in mind, the IFC argued that, while capital exists at scale globally, it does not reach African economies in sufficient volumes or translate reliably into jobs.]]></description>
            <author>Sabrina Jardim</author>
            <category> FINANCE</category>
            <pubDate>Tue, 28 Apr 2026 16:07:00 +0200</pubDate>
        <a_id>720214</a_id>
        <updated>1777546546</updated>
        <published>1777385220</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001268655_resized_ifcen1022.jpeg</image_url>
        <image_title>IFC principal country officer for South Africa Amina El Zayat and IFC regional director for Southern Africa Claudia Conceicão</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>CrossBoundary Energy secures $40m from Inspired Evolution to boost renewable energy deployment</title>
            <link>https://www.engineeringnews.co.za/article/crossboundary-energy-secures-40m-from-inspired-evolution-to-boost-renewable-energy-deployment-2026-04-28</link>
            <description><![CDATA[Climate investment firm Inspired Evolution has made a $40-million investment in distributed renewable energy company CrossBoundary Energy to accelerate the deployment of commercial and industrial renewable energy solutions across sub-Saharan Africa. The investment will support the development, construction and expansion of CrossBoundary Energy’s portfolio of renewable energy assets, including solar PV, battery energy storage systems (BESS) and hybrid energy solutions.]]></description>
            <author>Schalk Burger</author>
            <category>INDUSTRIAL ENERGY</category>
            <pubDate>Tue, 28 Apr 2026 15:43:00 +0200</pubDate>
        <a_id>720213</a_id>
        <updated>1777383944</updated>
        <published>1777383780</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Hulamin to dispose of its extrusions business</title>
            <link>https://www.engineeringnews.co.za/article/hulamin-to-dispose-of-its-extrusions-business-2026-04-24</link>
            <description><![CDATA[JSE-listed rolled aluminium products manufacturer Hulamin will sell its aluminium extrusions business Hulamin Extrusions to Norsaf ERS for R10-million. The proceeds from the proposed transaction will be used to pay Hulamin's trade creditors, reduce its debt and fund the working capital requirements of the group, Hulamin says.]]></description>
            <author>Schalk Burger</author>
            <category>DISPOSALS</category>
            <pubDate>Fri, 24 Apr 2026 16:35:00 +0200</pubDate>
        <a_id>720109</a_id>
        <updated>1777284054</updated>
        <published>1777041300</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Itac recommends import duties on top-loader washing machines from China, Thailand</title>
            <link>https://www.engineeringnews.co.za/article/itac-recommends-import-duties-on-top-loader-washing-machines-from-china-thailand-2026-04-24</link>
            <description><![CDATA[The International Trade Administration Commission of South Africa (Itac) has requested the Commissioner of the South African Revenue Service (Sars) to impose definitive antidumping duties on imports of top-loader washing machines from China and Thailand from April 23. It has requested that definitive duties ranging from 9.39% to 67.11% be imposed on top-loader washing machines imported from China and Thailand.]]></description>
            <author>Schalk Burger</author>
            <category>IMPORT DUTIES</category>
            <pubDate>Fri, 24 Apr 2026 16:24:00 +0200</pubDate>
        <a_id>720107</a_id>
        <updated>1777040766</updated>
        <published>1777040640</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Mondi reports challenging trading conditions, rising material costs</title>
            <link>https://www.engineeringnews.co.za/article/mondi-reports-challenging-trading-conditions-rising-material-costs-2026-04-24</link>
            <description><![CDATA[In a trading update for the three months to March 31, JSE-listed packaging and paper company Mondi reports earnings before interest, taxes, depreciation and amortisation (Ebitda) of €212-million, down from Ebitda of €214-million for the three months to end December 2025. Market conditions in the first quarter of the year remained challenging. Significantly heightened geopolitical tensions in the Middle East further increased volatility in an already complex operating environment, the company points out.]]></description>
            <author>Schalk Burger</author>
            <category>FINANCIAL RESULTS</category>
            <pubDate>Fri, 24 Apr 2026 16:20:00 +0200</pubDate>
        <a_id>720106</a_id>
        <updated>1777285109</updated>
        <published>1777040400</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>AFC, DBSA partner on Infrastructure Climate Resilient Fund</title>
            <link>https://www.engineeringnews.co.za/article/afc-dbsa-partner-on-infrastructure-climate-resilient-fund-2026-04-24</link>
            <description><![CDATA[Infrastructure solutions provider Africa Finance Corporation (AFC) has announced a commitment from the Development Bank of Southern Africa (DBSA) to its $750-million Infrastructure Climate Resilient Fund (ICRF). The agreement, signed at the AFC's The Africa We Build Summit, in Nairobi, Kenya, on April 23, marks a significant step in scaling climate adaptation finance across Africa and underscores strengthening African institutional alignment around infrastructure as a catalyst for climate resilience, regional integration and long-term economic transformation.]]></description>
            <author>Sabrina Jardim</author>
            <category>ECONOMY</category>
            <pubDate>Fri, 24 Apr 2026 16:09:00 +0200</pubDate>
        <a_id>720103</a_id>
        <updated>1777040028</updated>
        <published>1777039740</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001268342_resized_afc2dbsaen1022.jpeg</image_url>
        <image_title>AFC president and CEO Samaila Zubairu and DBSA CEO Boitumelo Mosako at the signing</image_title>
        <image_width>511</image_width>
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        <item>
            <title>African domestic capital pools now exceed external capital inflows</title>
            <link>https://www.engineeringnews.co.za/article/african-domestic-capital-pools-now-exceed-external-capital-inflows-2026-04-23</link>
            <description><![CDATA[The ten years from 2014 to 2024 saw a hugely important turning point for Africa, infrastructure and industrial development finance institution Africa Finance Corporation (AFC) has highlighted, in its 'State of Africa’s Infrastructure Report 2026', released in Nairobi, Kenya, on Thursday. The turning point was that, for the first time, Africa’s non-bank domestic capital pools exceeded the value of external capital flows into the continent. Over the period 2014 to 2024, while external capital flows into Africa totalled $1.7-trillion, the continent’s non-bank domestic capital pools totalled more than $2-trillion. This meant that African capital could play a much stronger role in the continent’s development. Africa’s development priority was no longer capital mobilisation, the AFC argued, but intermediation – turning savings into industry, infrastructure, and large-scale productive investment.]]></description>
            <author>Rebecca Campbell</author>
            <category>DEVELOPMENT FINANCE</category>
            <pubDate>Thu, 23 Apr 2026 16:42:00 +0200</pubDate>
        <a_id>720002</a_id>
        <updated>1776959085</updated>
        <published>1776955320</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
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            <title>UK development finance agency has unveiled its new strategy</title>
            <link>https://www.engineeringnews.co.za/article/uk-development-finance-agency-has-unveiled-its-new-strategy-2026-04-23</link>
            <description><![CDATA[UK development finance institution, British International Investment, has released its new five-year strategy. This has been developed to meet the challenges posed by a changing world, including shocks, interstate inequalities and climate change. “Our mission remains unchanged: to improve lives by investing in the private sector across Africa and Asia,” assured BII. “But these new challenges mean how we deliver that mission must evolve.”]]></description>
            <author>Rebecca Campbell</author>
            <category>DEVELOPMENT FINANCE</category>
            <pubDate>Thu, 23 Apr 2026 16:38:00 +0200</pubDate>
        <a_id>720001</a_id>
        <updated>1776958825</updated>
        <published>1776955080</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001268029_resized_lesliemaasdorp1022.jpg</image_url>
        <image_title>BII CEO Leslie Maasdorp</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Four diverging pathways for global economy show potential split by 2050 – BCG</title>
            <link>https://www.engineeringnews.co.za/article/four-diverging-pathways-for-global-economy-show-potential-split-by-2050-bcg-2026-04-21</link>
            <description><![CDATA[The global economy could follow markedly different paths over the next 25 years, with four scenarios modelled by think tank Boston Consulting Group Henderson Institute (BHI) indicating that global GDP growth could slow to about 1.8% a year or rise to 5% a year and the global economy could reach anywhere from 1.6- to 3.4-times the size of the current global economy by 2050. Similarly, the different scenarios indicate that global trade could fall to about 35% of GDP – near Cold War–era levels – or remain near current levels of about 60%, while low-carbon electricity could account for between 55% to 90% of power generation by 2050.]]></description>
            <author>Schalk Burger</author>
            <category>ECONOMIC PATHWAYS</category>
            <pubDate>Tue, 21 Apr 2026 16:27:00 +0200</pubDate>
        <a_id>719831</a_id>
        <updated>1776783637</updated>
        <published>1776781620</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
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            <title>South Africans adjusting behaviour owing to inflation of everyday goods prices – TransUnion</title>
            <link>https://www.engineeringnews.co.za/article/south-africans-adjusting-behaviour-owing-to-inflation-of-everyday-goods-prices-transunion-2026-04-21</link>
            <description><![CDATA[South African consumers are adjusting their financial behaviour in response to rising cost pressures, with credit bureau TransUnion's 'First Quarter 2026 Consumer Pulse Study' showing meaningful shifts in how households spend, save and manage credit. While many households remain under financial strain, the findings point to a shift toward more deliberate and considered financial decision-making, the company adds.]]></description>
            <author>Schalk Burger</author>
            <category>LIVING COSTS</category>
            <pubDate>Tue, 21 Apr 2026 12:07:00 +0200</pubDate>
        <a_id>719793</a_id>
        <updated>1776772442</updated>
        <published>1776766020</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
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            <title>Despite month-on-month decline, business confidence still higher than a year ago</title>
            <link>https://www.engineeringnews.co.za/article/despite-month-on-month-decline-business-confidence-still-higher-than-a-year-ago-2026-04-21</link>
            <description><![CDATA[Business organisation the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined by 3.3 index points month-on-month to 131.3 points in March. The BCI was, however, 7.8 index points higher than in March 2025.]]></description>
            <author>Schalk Burger</author>
            <category>BUSINESS CONFIDENCE</category>
            <pubDate>Tue, 21 Apr 2026 11:30:00 +0200</pubDate>
        <a_id>719757</a_id>
        <updated>1776780657</updated>
        <published>1776763800</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
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            <title>Africa Finance Corporation obtains major facility from India Exim Bank</title>
            <link>https://www.engineeringnews.co.za/article/africa-finance-corporation-obtains-major-facility-from-india-exim-bank-2026-04-20</link>
            <description><![CDATA[Pragmatic continental and industrial development finance institution, the Africa Finance Corporation (AFC), announced on Monday that it had strengthened its well-established relationship with the Export-Import Bank of India (India Exim Bank) with the closing of a new loan facility. This new facility had a total value of $100-million and a term of five years. It followed on from a successful 2021 financing agreement, that also amounted to $100-million. The new agreement was concluded at the AFC ...]]></description>
            <author>Rebecca Campbell</author>
            <category>DEVELOPMENT FINANCE</category>
            <pubDate>Mon, 20 Apr 2026 16:37:00 +0200</pubDate>
        <a_id>719745</a_id>
        <updated>1776751473</updated>
        <published>1776695820</published>
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        <editor>Creamer Media Reporter  </editor>
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