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Flight tests of Rolls-Royce’s latest engine have started
3rd April 2024 By: Rebecca Campbell

UK-based global major power and propulsion systems group Rolls-Royce announced on Wednesday that it had started flight tests of its latest aero engine, the Pearl 10X. This has been developed... 


Coal station
South Africa coal-plant closure delays risk thousands of deaths
3rd April 2024 By: Bloomberg

Delays to the planned closures of coal-fired power plants proposed by South Africa’s energy department could result in thousands of deaths from air pollution and lead to billions of dollars of... 


Mineral Resources and Energy Minister Gwede Mantashe
Mantashe names South African National Petroleum Company board, interim CEO
3rd April 2024 By: Terence Creamer

The inaugural board of the South African National Petroleum Company (SANPC) has been announced by Mineral Resources and Energy Minister Gwede Mantashe, who also confirmed Godfrey Moagi as the... 


South African Reserve Bank Governor Lesetja Kganyago
South African policymakers discussing lower inflation target – Kganyago
3rd April 2024 By: Reuters

South African policymakers are in discussions on lowering the central bank's inflation target, its governor said on Wednesday, adding that a lower target would make the country more competitive and... 


Standard Bank reduced its GHG emissions by 4.6% in 2023
3rd April 2024 By: Schalk Burger

Financial services firm Standard Bank has reduced the carbon emissions from its facilities across Africa by 4.6% year-on-year in 2023, putting the group ahead of its 2040 net-zerio target, says... 


Sasol president and CEO Simon Baloyi
Sasol streamlines its executive committee’s portfolios
3rd April 2024 By: Schalk Burger

JSE-listed energy and chemicals company Sasol has streamlined the portfolios of the members of its group executive committee, with effect from April 1. This involves changes to important functions... 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


Policy uncertainty edging further into negative territory ahead of elections, report shows
3rd April 2024 By: Darren Parker

The North-West University Business School Policy Uncertainty Index veered further into negative territory in the first quarter, at 65.8 index points, compared with the 65.5 index points recorded... 


Masslift Africa launches Mitsubishi Forklift’s new Grendia series in South Africa
Masslift Africa launches Mitsubishi Forklift’s new Grendia series in South Africa
3rd April 2024

Forklift products and services provider Masslift Africa, in partnership with Mitsubishi Forklift Trucks, in March launched Mitsubishi’s new-generation Grendia forklift series for the Southern... 


Sars Commissioner Edward Kieswetter
Sars collects record gross amount of R2.16-trillion for 2023/24
2nd April 2024 By: Schalk Burger

The South African Revenue Service (Sars) collected a record gross amount of R2.16-trillion by the end of March. It paid out refunds of R414-billion to taxpayers, which is the highest ever in... 


InfraCo Africa invests $12m to scale up solar irrigation offering in sub-Saharan Africa
2nd April 2024 By: Schalk Burger

Sub-Saharan African private sustainable infrastructure project developer InfraCo Africa has made a $12-million equity investment in climate-smart agriculture equipment company SunCulture to scale... 


African food sustainability needs greener production, less waste, PwC study shows
2nd April 2024 By: Schalk Burger

Greener food production methods and the avoidance of food waste are required to future-proof Africa’s food supply and to meet the expected future demand for nutrition in a sustainable way, says... 


GVK-Siya Zama welcomes commitment to tackle construction industry challenges
2nd April 2024 By: Tasneem Bulbulia

Confidence in the construction industry has been erratic since 2020, compelling several industry players to close, and those who remain are exposed to risk, vigilante action and skills shortages;... 


Etana CEO Evan Rice
Autocast to benefit from renewables deal with Etana Energy
2nd April 2024 By: Sabrina Jardim

Cast and machined components supplier Autocast South Africa is the first of more than 30 of Nelson Mandela Bay’s largest electricity users to benefit from a renewable power supply deal with... 


Spear to acquire Western Cape properties from Emira
2nd April 2024 By: Sabrina Jardim

JSE-listed real estate investment trust (Reit) Emira and its wholly owned subsidiaries have agreed to dispose of 13 predominantly industrial and office properties situated in the Western Cape to... 


An image from a study showing the evolution of yearly wind energy indexes on a global scale
Study highlights predictability of wind power production
2nd April 2024 By: Tasneem Bulbulia

Wind and solar resource assessment consultancy Eoltech has released findings of a new study that aims to assess the variations of the global wind resource over the last 15 years, with the data... 


Nedbank CIB Markets Research Head Arnold van Graan.
Current low PGM prices not reflective of supply/demand fundamentals – Nedbank CIB
2nd April 2024 By: Martin Creamer

Platinum group metals (PGM) prices, where they are now, do not reflect the medium to long-term supply demand fundamentals. Instead, they are driven by short-term distortions, which imply that a... 


Standard Bank digital and e-commerce Belinda Rathogwa
Digital transaction volumes increasing – Standard Bank
2nd April 2024 By: Schalk Burger

Financial services firm Standard Bank said digital transaction volumes increased by 23% between 2022 and 2023, and transaction volumes on its banking application increased by more than 35% during... 


Business Leadership South Africa CEO Busisiwe Mavuso
BLSA calls for immediate reworking of IRP, describing assumptions as ‘spurious’
2nd April 2024 By: Terence Creamer

Business Leadership South Africa (BLSA), whose members include the largest domestic and foreign companies operating in South Africa, has added its voice to a growing chorus of opposition to the... 


Clean energy company implements renewable energy system for major agri business
2nd April 2024 By: Rebecca Campbell

South African clean energy infrastructure development and operation company Blue Energy Africa has highlighted its implementation of hybrid solar and battery energy systems for a major Western Cape... 


Packed oranges
Association expects higher export volumes across all citrus fruits
2nd April 2024 By: Marleny Arnoldi

As the citrus export season starts this month, the Citrus Growers’ Association of Southern Africa (CGA) is confident that 37.9-million 15 kg cartons of lemons will be exported to key markets, which... 


Calgro M3 CEO Wikus Lategan
Calgro M3, Eris acquire Bankenveld District City development land parcel
2nd April 2024 By: Schalk Burger

A joint venture between JSE-listed property investment company Calgro M3 and property development company Eris has acquired a strategic land parcel for the Bankenveld District City development, in... 


A truck transporting a container
Absa PMI falls below 50 again in March
2nd April 2024 By: Schalk Burger

The Absa Purchasing Managers’ Index (PMI) slipped back to below 50 points in March, decreasing to 49.2 index points, from 51.7 in February. Following robust improvements in February, both the... 


Brand new fuel cell is platinum-catalysed.
New platinum-based hydrogen fuel cell as cheap to make as conventional car engine
2nd April 2024 By: Martin Creamer

The brand-new platinum-catalysed hydrogen fuel cell system that has just been released for passenger cars reveals that fuel cells can be as cheap to manufacture as internal combustion engines... 


Eskom's Hex battery project, developed separately form the IPP procurement programmes currently under way
Third battery storage programme seeks bids for five Free State sites
2nd April 2024 By: Terence Creamer

The Department of Mineral Resources and Energy (DMRE) has launched South Africa’s third public procurement round for utility-scale batteries, while also extending the bid submission deadline for... 


Wind turbines
China could drive Africa's renewable energy revolution, report says
2nd April 2024 By: Reuters

China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments there, research from Boston... 


Magazine video image
Magazine round up | 29 March 2024
29th March 2024

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


Magazine cover image
Gautrain Management Agency chief speaks on extension plans, service enhancements
29th March 2024 By: Tasneem Bulbulia

The Gautrain Management Agency (GMA) is re-engineering the company for full commercialisation while undertaking extension plans and pursuing enhancements for the Gautrain system, with many of these... 


Eskom's tariff increases from April 1
Eskom to implement Nersa-approved electricity price increase from April 1
28th March 2024 By: Creamer Media Reporter

Power utility Eskom has confirmed that it will implement electricity price increases, as approved by the National Energy Regulator of South Africa (Nersa), from April 1. The utility in October 2023... 


Petrol prices to increase by more than 65c/ℓ, diesel by 3c/ℓ on April 3
28th March 2024 By: Schalk Burger

Prices for 93-octane petrol will increase by 65c/ℓ and 95-octane petrol by 67c/ℓ, while 0.05% sulphur diesel will increase by 3c/ℓ and 0.005% sulphur diesel by less than 2c/ℓ from April 3, the... 


An image of Human Settlements Minister Mmamoloko Kubayi
Human Settlements Minister outlines progress for 2023/24 year
28th March 2024 By: Tasneem Bulbulia

The government has made progress on its Medium-Term Strategic Framework targets and, as it wraps up this administration, believes these numbers will continue to increase, Human Settlements Minister... 


Bell posts 66% rise in full-year profit
28th March 2024 By: Marleny Arnoldi

JSE-listed heavy machinery manufacturer Bell Equipment has posted a 66% increase in profit for the year ended December 31, 2023, to R793-million. Following unprecedented global demand for equipment... 


Astronomers find 49 new gas-rich galaxies in 3 hours using MeerKAT radio telescope
28th March 2024 By: Schalk Burger

A team of international astronomers have discovered 49 new gas-rich galaxies using the MeerKAT radio telescope in South Africa from observations under three hours long. The research was aimed at... 


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