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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>dtic’s partnership with Afreximbank to provide access to trade, industrial finance</title>
            <link>https://www.engineeringnews.co.za/article/dtics-partnership-with-afreximbank-to-provide-access-to-trade-industrial-finance-2026-06-24</link>
            <description><![CDATA[Trade, Industry and Competition Minister Parks Tau has signed an agreement with multilateral financial institution the African Export-Import Bank (Afreximbank) for South African businesses, State-owned enterprises and financial institutions to access trade and industrial finance. The $14-billion Country Programme also provides funding to support transformation, risk coverage and project funding, as well as funding to expand into continental markets under the African Continental Free Trade Area (AfCFTA).]]></description>
            <author>Schalk Burger</author>
            <category>TRADE PARTNERSHIP</category>
            <pubDate>Wed, 24 Jun 2026 14:28:00 +0200</pubDate>
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        <updated>1782309665</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>Multilateral development banks remain relevant, more progress on reforms needed</title>
            <link>https://www.engineeringnews.co.za/article/multilateral-development-banks-remain-relevant-more-progress-on-reforms-needed-2026-06-24</link>
            <description><![CDATA[Multilateral development banks (MDBs) remain highly relevant to their clients, and their relevance has increased over the past five years, although there is a need for further progress on reform of some of their functions. This was among the findings of the 'Reforming multilateral development banks: perspectives from client countries' report produced by UK-based think tank ODI Global.]]></description>
            <author>Schalk Burger</author>
            <category>DEVELOPMENT FINANCE</category>
            <pubDate>Wed, 24 Jun 2026 12:05:00 +0200</pubDate>
        <a_id>724184</a_id>
        <updated>1782297829</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>TaxTim launches AI WhatsApp tax assistant </title>
            <link>https://www.engineeringnews.co.za/article/taxtim-launches-ai-whatsapp-tax-assistant-2026-06-22</link>
            <description><![CDATA[Ahead of the start of the new tax season, online tax assistant TaxTim has launched an AI tax assistant, TimAI on WhatsApp, to provide taxpayers with answers to tax-related queries at no cost. Users can send a message or a voice note query and receive an answer.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>TECHNOLOGY AND FINANCE</category>
            <pubDate>Mon, 22 Jun 2026 11:48:00 +0200</pubDate>
        <a_id>723983</a_id>
        <updated>1782125563</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>Still threat of Johannesburg electricity interruptions, despite Eskom’s deadline extension ...</title>
            <link>https://www.engineeringnews.co.za/article/johannesburg-electricity-interruptions-still-a-threat-despite-eskoms-extension-outa-2026-06-18</link>
            <description><![CDATA[The Organisation Undoing Tax Abuse (Outa) has welcomed State-owned entity Eskom’s decision to extend, by 30 days, the public participation process relating to its proposed reduction, interruption and/or termination of electricity supply to certain City of Johannesburg (CoJ) and City Power bulk supply points. The consultation process is being conducted in terms of the Promotion of Administrative Justice Act (PAJA), which requires public bodies to follow a fair process before making decisions that may materially affect people or businesses.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>ELECTRICITY</category>
            <pubDate>Thu, 18 Jun 2026 12:14:00 +0200</pubDate>
        <a_id>723799</a_id>
        <updated>1781785038</updated>
        <published>1781777640</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>CIPC puts spotlight on its Beneficial Ownership register and requirements for companies</title>
            <link>https://www.engineeringnews.co.za/article/cipc-puts-spotlight-on-its-beneficial-ownership-register-and-requirements-for-companies-2026-06-15</link>
            <description><![CDATA[The Companies and Intellectual Property Commission (CIPC) has highlighted the importance to the country of its Beneficial Ownership (BO) register. From April 1, 2023, when the register was launched, until May 27 this year, the CIPC had received more than 3.2-million BO filings, of which more than 2.2-million were completed in the system, more than 500 000 had been amended to meet requirements and more than 8 000 had been assessed. “BO compliance is more than a filing requirement; it is a transparency tool that identifies the real individuals behind companies, prevents fronting, corruption and money laundering and strengthens investor confidence,” explained the CIPC. It thus protects the integrity of the country’s financial system and ensures fair market competition.]]></description>
            <author>Rebecca Campbell</author>
            <category>FINANCIAL SERVICES</category>
            <pubDate>Mon, 15 Jun 2026 16:41:00 +0200</pubDate>
        <a_id>723599</a_id>
        <updated>1781535190</updated>
        <published>1781534460</published>
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        <editor>Marleny Arnoldi</editor>
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            <title>Fitch upgrades Eskom to B+, in line with South Africa's credit rating</title>
            <link>https://www.engineeringnews.co.za/article/fitch-upgrades-eskom-to-b-in-line-with-south-africas-credit-rating-2026-06-15</link>
            <description><![CDATA[Credit rating agency Fitch Ratings has upgraded State-owned Eskom's credit rating to B+ with a stable outlook, up from a B rating, in line with the recent improvement in South Africa’s sovereign credit rating. Specifically, Fitch upgraded Eskom's long-term Issuer default ratings to B+ with a stable outlook; its senior unsecured debt to B+ with its recovery rating of RR4 unchanged; and Eskom's guaranteed senior unsecured debt to BB from BB-.]]></description>
            <author>Schalk Burger</author>
            <category>CREDIT RATINGS</category>
            <pubDate>Mon, 15 Jun 2026 09:50:00 +0200</pubDate>
        <a_id>723523</a_id>
        <updated>1781532868</updated>
        <published>1781509800</published>
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        <editor>Marleny Arnoldi</editor>
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        <image_title>Eskom Group CE Dan Marokane</image_title>
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            <title>WesBank pivots offerings to accommodate shifting mobility trends  </title>
            <link>https://www.engineeringnews.co.za/article/wesbank-pivots-offerings-to-accommodate-shifting-mobility-trends-2026-06-12</link>
            <description><![CDATA[As automotive consumers in South Africa contend with affordability pressures, Chinese vehicle brands gain prominence and the shift to new-energy vehicles (NEVs) and future mobility solutions unfolds, leasing asset-based finance provider WesBank is responding by adapting its offering to both accommodate and shape this evolving landscape. This was outlined by the company at a media roundtable: 'The future of mobility in South Africa: Balancing growth, access and transformation', held at its offices, in Johannesburg, on June 11.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>AUTOMOTIVE AND FINANCE</category>
            <pubDate>Fri, 12 Jun 2026 15:58:00 +0200</pubDate>
        <a_id>723494</a_id>
        <updated>1781702243</updated>
        <published>1781272680</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>FNB Commercial Lend Pillar product head Linda Musonda, WesBank and FNB senior economist Thanda Sithole and WesBank CEO Robert Gwerengwe at the roundtable </image_title>
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            <title>Treasury achieves budgeted foreign currency funding requirement for 2026/27</title>
            <link>https://www.engineeringnews.co.za/article/treasury-achieves-budgeted-foreign-currency-funding-requirement-for-202627-2026-06-11</link>
            <description><![CDATA[The National Treasury has successfully achieved its budgeted foreign currency funding requirement for the 2026/27 fiscal year. The $3.2-billion foreign funding programme has been fully funded through concessional financing secured from development finance institutions and multilateral development banks.]]></description>
            <author>Schalk Burger</author>
            <category>FISCAL FUNDING</category>
            <pubDate>Thu, 11 Jun 2026 09:28:00 +0200</pubDate>
        <a_id>723318</a_id>
        <updated>1781166896</updated>
        <published>1781162880</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>Afrimat completes disposal, meets obligations of Lafarge acquisition</title>
            <link>https://www.engineeringnews.co.za/article/afrimat-completes-disposals-meets-obligations-of-lafarge-acquisition-2026-06-10</link>
            <description><![CDATA[JSE-listed mining and construction materials company Afrimat has disposed of certain general aggregates quarries and readymix concrete plants across South Africa to investment vehicle Saturc. The disposal price was R215-million, which includes a cash amount of R160-million and the balance of R55-million being payable over three years, subject to the fulfilment of certain financial and operational conditions.]]></description>
            <author>Schalk Burger</author>
            <category>MERGERS &amp; ACQUISITIONS</category>
            <pubDate>Wed, 10 Jun 2026 15:28:00 +0200</pubDate>
        <a_id>723293</a_id>
        <updated>1781099585</updated>
        <published>1781098080</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Building confidence drops by a further 4 points in the second quarter</title>
            <link>https://www.engineeringnews.co.za/article/building-confidence-drops-further-by-a-further-4-points-in-the-second-quarter-2026-06-10</link>
            <description><![CDATA[After slipping by one point to 42 index points in the first quarter of this year, the business mood in the building sector fell by a further four points to 38 in the second quarter, the FNB/BER Building Confidence Index shows. This level indicates that more than 60% of respondents across the building sector value chain are dissatisfied with prevailing business conditions.]]></description>
            <author>Schalk Burger</author>
            <category>BUILDING CONFIDENCE</category>
            <pubDate>Wed, 10 Jun 2026 15:16:00 +0200</pubDate>
        <a_id>723289</a_id>
        <updated>1781100088</updated>
        <published>1781097360</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Standard Bank reports growth in finance for renewable energy projects in Africa</title>
            <link>https://www.engineeringnews.co.za/article/standard-bank-reports-growth-in-finance-for-renewable-energy-projects-in-africa-2026-06-09</link>
            <description><![CDATA[The finances raised by financial services firm Standard Bank for renewable energy power generation in Africa outpaced that for non-renewable power generation by a ratio of 8:1 in 2025. The scale and pace of Africa’s renewable-energy development is being driven by a combination of policy alignment, declining technology costs, growing investor demand and the need to address climate risk while expanding energy access.]]></description>
            <author>Schalk Burger</author>
            <category>ENERGY FINANCING</category>
            <pubDate>Tue, 09 Jun 2026 16:01:00 +0200</pubDate>
        <a_id>723210</a_id>
        <updated>1781015487</updated>
        <published>1781013660</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>Committees must prepare for more demanding executive remuneration conversations – PwC</title>
            <link>https://www.engineeringnews.co.za/article/committees-must-prepare-for-more-demanding-executive-remuneration-conversations-pwc-2026-06-09</link>
            <description><![CDATA[Amendments to the Companies Act took effect on May 22 and have fundamentally changed the governance of executive remuneration in South Africa, says assurance, advisory and tax services firm PwC South Africa. Listed and unlisted public and State-owned companies must present a remuneration policy and an annual remuneration report for approval by ordinary resolution.]]></description>
            <author>Schalk Burger</author>
            <category>EXECUTIVE REMUNERATION</category>
            <pubDate>Tue, 09 Jun 2026 15:20:00 +0200</pubDate>
        <a_id>723200</a_id>
        <updated>1781013599</updated>
        <published>1781011200</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>DG provides insights into SARB’s innovation approach, considerations </title>
            <link>https://www.engineeringnews.co.za/article/dg-provides-insights-into-sarbs-innovation-approach-considerations-2026-06-09</link>
            <description><![CDATA[A modern, efficient and well-functioning financial system is essential for growth in any modern economy, and as this is pursued, innovation that serves the public interested is pivotal. This was highlighted by South African Reserve Bank (SARB) deputy governor Rashad Cassim in a keynote address at the Gordon Institute of Business Science, in Johannesburg, on June 9.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>FINANCE AND TECHNOLOGY</category>
            <pubDate>Tue, 09 Jun 2026 15:05:00 +0200</pubDate>
        <a_id>723196</a_id>
        <updated>1781011817</updated>
        <published>1781010300</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>South Africa's Treasury welcomes Fitch upgrade to BB with stable outlook</title>
            <link>https://www.engineeringnews.co.za/article/treasury-welcomes-fitch-upgrade-to-bb-with-stable-outlook-2026-06-08</link>
            <description><![CDATA[The National Treasury has welcomed credit rating agency Fitch’s decision to upgrade South Africa’s long-term foreign and local currency credit ratings to ‘BB’ from ‘BB-’ and to maintain its stable outlook. The upgrade reflects South Africa’s record of prudent fiscal management and its progress on fiscal consolidation, despite weak economic growth and domestic and external shocks.]]></description>
            <author>Schalk Burger</author>
            <category>CREDIT RATING</category>
            <pubDate>Mon, 08 Jun 2026 12:35:00 +0200</pubDate>
        <a_id>723087</a_id>
        <updated>1780930928</updated>
        <published>1780914900</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>City of Joburg failure poses risk to economy – Mavuso</title>
            <link>https://www.engineeringnews.co.za/article/city-of-joburg-failure-poses-risk-to-economy-mavuso-2026-06-08</link>
            <description><![CDATA[The failure of the City of Johannesburg poses a systemic risk to the entire economy, says business organisation Business Leadership South Africa CEO Busisiwe Mavuso. The city accounts for 16% of the country's GDP and provides vital services across much of the economic base. Repeated failures in water supply, electricity and road maintenance are becoming an unacceptable risk for business.]]></description>
            <author>Schalk Burger</author>
            <category>GOVERNANCE CITY</category>
            <pubDate>Mon, 08 Jun 2026 12:12:00 +0200</pubDate>
        <a_id>723080</a_id>
        <updated>1780926011</updated>
        <published>1780913520</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>Business Leadership South Africa CEO Busisiwe Mavuso</image_title>
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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>
        <a_id>722795</a_id>
        <updated>1780495667</updated>
        <published>1780494420</published>
        <expires>99999999999</expires>
        <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>
        <published>1780410480</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>Treasury director-general Dr Duncan Pieterse</image_title>
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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>
        <published>1780395480</published>
        <expires>99999999999</expires>
        <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
        <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/0001274173_resized_untitled25may2026at1454062.jpeg</image_url>
        <image_title>GreenCo co-founder and CFO Pug Bennet</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <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/0001273727_resized_eskommegawattpark1118dylan10225.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001270519_resized_maximilianbuteksouthernafricangermanchamberofcommerce2205261022.jpg</image_url>
        <image_title>MAXIMILIAN BUTEK Continued presence of German companies in South Africa reflects confidence in the country’s underlying fundamentals</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <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/0001273513_resized_afrimatceoandriesvanheerden10221.jpg</image_url>
        <image_title>Afrimat CEO Andries van Heerden</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001272549_resized_calgrom3ceobenpierremalherbe1022.jpg</image_url>
        <image_title>Calgro M3 group CEO Ben Pierre Malherbe</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <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>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001270993_resized_propertyredefinepropertiesceoandrewkonig0520161022.jpg</image_url>
        <image_title>Redefine CEO Andrew König</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001267380_resized_enlitafrica2026keynote04261022.jpg</image_url>
        <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
</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <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>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <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>
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        <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>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001269321_resized_untitled385.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
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        <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>
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