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Image of the T60 bakkie from LDV
China’s LDV launches in the local bakkie, commercial vehicle market
26th March 2024 By: Irma Venter

LDV is the latest automotive brand from China to enter South Africa, with the Asian country seemingly intensifying its efforts to become the world’s new automotive powerhouse. LDV forms part of... 


White maize
South Africa’s maize production to dip, but remain sufficient to cover local demand
26th March 2024 By: Marleny Arnoldi

While South Africa’s maize production will be about 2.1-million tons lower this year, there is still enough to meet local consumption and supply neighbouring countries that are having difficult... 


New Boeing Commercial Airplanes president and CEO Stephanie Pope
Top management upheaval at Boeing as group battles quality challenges
26th March 2024 By: Rebecca Campbell

Embattled US aerospace giant Boeing has announced major management changes at the highest level. The group has been hit by major quality control issues in particularly (but not exclusively) its... 


Image of Risenga Maluleke
Decline in formal sector employment for 2023 Q4 – Stats SA
26th March 2024 By: Thabi Shomolekae

The Statistician-General of South Africa Risenga Maluleke on Tuesday reported a decrease in the total number of employees in the formal non-agricultural sector by 194 000 in the fourth quarter of... 


Standard Bank closes $300m sustainable capital loan with IFC
26th March 2024 By: Tasneem Bulbulia

Finance institution Standard Bank has successfully closed a $300-million sustainable Tier 2 capital loan. The facility, concluded with the International Finance Corporation (IFC), marks another... 


African development finance institution secures its biggest ever debt facility
26th March 2024 By: Rebecca Campbell

African infrastructure funding specialist, the Africa Finance Corporation (AFC), announced on Tuesday that it had successfully closed its largest ever debt facility. This is a $1.16-billion... 


Transnet Freight Rail’s North Corridor achieves weekly record
26th March 2024 By: Tasneem Bulbulia

Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current... 


An image showing new equipment at the Richards Bay Multipurpose Terminal
Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment
26th March 2024 By: Tasneem Bulbulia

The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels.... 


Kinetiko’s deepest core hole to date reveals promising results
26th March 2024 By: Darren Parker

ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating... 


A New Development Bank logo
Brics development bank aims to make $5bn in loans in 2024
26th March 2024 By: Reuters

The New Development Bank (NDB), set up by the Brics group of emerging economies, aims to make about $5-billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. "During the... 


At Harmony Gold's Eva copper project in Australia.
Harmony’s Eva copper mine project in Australia granted special ‘prescribed’ status
25th March 2024 By: Martin Creamer

The copper mining project that Johannesburg Stock Exchange-listed Harmony Gold is developing in Australia has been granted special ‘prescribed project’ status in recognition of its social and... 


Forestry, Fisheries and the Environment Minister Barbara Creecy
Creecy stresses importance of protecting the environment while growing the biodiversity economy
25th March 2024 By: Sabrina Jardim

Amid increasing emphasis on sustainability, this year’s inaugural Biodiversity Economy and Investment Indaba emphasises the importance of growing the South African biodiversity economy under the... 


Infrastructure procurement in focus at consulting engineering conference
25th March 2024 By: Schalk Burger

During industry organisation Consulting Engineers South Africa's (Cesa's) recent Infrastructure Indaba, procurement of goods and services emerged as a critical theme of discussion, underscoring the... 


Johannesburg executive mayor Kabelo Gwamanda
Joburg’s climate action plan to create more than 400 000 jobs – Gwamanda
25th March 2024 By: Darren Parker

Investment into climate mitigating strategies, as outlined in the City of Johannesburg’s Climate Action Plan (CAP), could create as many as 340 000 jobs, while investment into climate adaptation... 


Image of Cyril Ramaphosa
Ramaphosa denies SA’s position on Israeli-Palestine conflict could jeopardise relationship with US
25th March 2024 By: Thabi Shomolekae

President Cyril Ramaphosa averred on Monday that the suggestion that South Africa’s position on the Israeli-Palestinian conflict could lead to a deterioration of its relations with the US is... 


The newly discovered bullfrog species
New African bullfrog species discovered – the largest discovered in 100 years
25th March 2024 By: Schalk Burger

North-West University (NWU) Professor Louis du Preez and his team of researchers have discovered a new species of African bullfrog, Pyxicephalus beytelli, which is the fourth species of bullfrog... 


Image of GAC SA MD Leslie Ramsoomar
GAC Motor joins inflow from China; Ramsoomar appointed as MD
25th March 2024 By: Irma Venter

China’s GAC Motor has appointed Salvador Caetano Auto as the distributor and retailer of GAC vehicles, spare parts and related services in South Africa (SA). GAC Motor is a subsidiary of the... 


Stats SA has overestimated agriculture’s GDP decline last year, says think tank
25th March 2024 By: Rebecca Campbell

Independent think tank, the Bureau for Food and Agricultural Policy (BFAP), believes that the year-on-year (y-o-y) decline in the country’s agricultural sector gross domestic product (GDP) last... 


Electricity Minister Kgosientsho Ramokgopa
Eskom board considers enlarging and extending Standard Offer Programme
25th March 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa reports that the Eskom board is considering lifting the current 1 000 MW allocation set aside for its Standard Offer Programme to 4 000 MW and extending... 


The Nexus 1 building
Attacq's Nexus 1 building achieves EDGE, Green Star certification
25th March 2024 By: Schalk Burger

Real estate investment trust Attacq's Nexus 1 building, in Waterfall City, which also serves as its headquarters, has received Excellence in Design for Greater Efficiencies (EDGE) certification.... 


AIIM consortium acquires Octotel, minority stake in RSAWEB
25th March 2024 By: Natasha Odendaal

A consortium, led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers (AIIM), has signed an agreement to acquire fibre network operator Octotel. The... 


DLA Piper appoints Kalidou Gadio as US-Africa Practice co-chair
25th March 2024 By: Schalk Burger

Law firm DLA Piper has appointed Kalidou Gadio as co-chairperson of the US-Africa Practice based out of its Washington DC office. He brings deep knowledge of the sub-Saharan Africa, Middle East and... 


Lime farm, in Hoedspruit
First-quarter agriculture sentiment largely influenced by drought, public infrastructure deterioration
25th March 2024 By: Marleny Arnoldi

The Agricultural Business Chamber (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) has remained unchanged in the first quarter of the year at a level of 40.... 


Powerlines
NTCSA unbundling secures lender consent, Ramokgopa confirms
25th March 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa reports that Eskom’s eight “lender groups” have given their consent to the establishment of the National Transmission Company South Africa (NTCSA) as a... 


A cargo plane operated by Astral Aviation
Strategic air cargo alignment between Kenyan, Abu Dhabian carriers has lifted off
25th March 2024 By: Rebecca Campbell

Kenyan air cargo carrier Astral Aviation (Astral) and Abu Dhabi-based United Arab Emirates operator Etihad Cargo, the logistics and cargo business of Etihad Airways, have announced the functional... 


CGA chairperson Gerrit van der Merwe
CGA announces new chairperson
25th March 2024 By: Marleny Arnoldi

Industry body the Citrus Growers’ Association of Southern Africa (CGA) has appointed Gerrit van der Merwe chairperson for the next two-year term. Outgoing chairperson Hannes de Waal will now become... 


Just Share climate change engagement director Robyn Hugo
Draft IRP 2023 falls short in every aspect, says Just Share
25th March 2024 By: Marleny Arnoldi

As government considers the public comments made on the draft Integrated Resource Plan (IRP) 2023 up to March 23, shareholder activism organisation Just Share has called for a remodel of the... 


A construction site
PPPs are important to build quality infrastructure rapidly – Mavuso
25th March 2024 By: Schalk Burger

Public-private partnerships (PPPs) are an important mechanism to bring together the strengths of government and business, including the technical and management capabilities of the private sector... 


Map showing the location of the Batoka Gorge project
Zambia, Zimbabwe to retender $5bn Batoka hydropower plant
25th March 2024 By: Bloomberg

Zambia and Zimbabwe are retendering a $5-billion project to build a hydropower plant they previously awarded to General Electric Co. and Power Construction Corp. of China, and expect to select new... 


The energy-efficient Lion ferrochrome smelter.
Ferrochrome benchmark price settles higher
25th March 2024 By: Martin Creamer

The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on... 


Shoppers
S. Africa's consumer confidence improves in the first quarter, survey says
25th March 2024 By: Reuters

South Africa's first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting retail sales volumes could gradually start to... 


MTN's logo
MTN rides out difficult operating environments
25th March 2024 By: Natasha Odendaal

Telecommunications giant MTN Group unpacked a resilient set of 2023 financial results, despite elevated inflation in several key markets averaging a blended 16.7%, forex volatility and ongoing... 


Britain agrees $100m trade finance to boost Africa food security
25th March 2024 By: Reuters

Development lender British International Investment said on Monday it had agreed a $100-million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost... 


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