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April new-vehicle sales show recovery is continuing, but supply problems loom large 

By: Irma Venter     4th May 2021 On paper, the South African new-vehicle market grew by an astounding 6 133.3% in April compared with the same month last year. However, this is not a fair comparison, as South Africa was in a hard Covid-19 induced lockdown during April last year, with only 574 units sold for the entire month. 

Volt acquires major stake in European graphite project

By: Esmarie Iannucci     27th April 2021 ASX-listed Volt Resources will acquire a 70% interest in the Zavalievsky graphite business, in the Ukraine. Volt on Tuesday told shareholders that it had inked share purchase agreements (SPAs) with the existing shareholders of ZG Group to acquire a 70% interest in each of the companies... 

Nedbank makes pioneering ‘zero fossil-fuel exposure by 2045’ pledge 

By: Terence Creamer     22nd April 2021 South Africa’s Nedbank Group released an ambitious new energy policy on April 22, containing a commitment to reduce its exposure to all fossil fuels to zero by 2045, as well as a pledge to halt all new thermal coal-mine financing by January 1, 2025. Simultaneously, Nedbank said it would scale up... 

Tirupati Graphite to raise £10m to fast-track development plan

By: Tasneem Bulbulia     16th April 2021 Specialist graphite producer Tirupati Graphite, with operations in Madagascar and India, has announced a placing with institutional and other investors of 11-million ordinary shares to raise an aggregate gross amount of £10-million. Certain directors of the company are subscribing for shares... 

AECI, Origin Materials expands existing environment-friendly partnership

By: Simone Liedtke     7th April 2021 JSE-listed chemicals group AECI and sustainable materials-focused company Origin Materials have expanded their existing joint agreement to develop low-carbon materials based on renewable chemistry. AECI has been a strategic investor in Origin Materials since 2017. 

Pandemic’s implications will continue to depend on the evolution of macroeconomic conditions - Unctad

By: Simone Liedtke     19th March 2021 Although warnings about the spread of viruses have become more frequent in recent years, the United Nations Conference on Trade and Development (Unctad) laments in its latest trade and development report update that “nobody anticipated the arrival of Covid-19 or its dramatic global impact”.... 

Higher first-quarter confidence reflects green shoots in agri sector

By: Marleny Arnoldi     17th March 2021 The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) improved to 64 in the first quarter of 2021, compared with 61 in the fourth quarter last year. Agbiz says these results likely reflect the robust performance of South Africa's... 

Trust pays first claimants under silicosis settlement  

By: Marleny Arnoldi     2nd March 2021 The Tshiamiso Trust, which was established in February 2020 to manage the payment of benefits to eligible silicosis and tuberculosis (TB) sufferers in the gold mining sector, has paid benefits to the first seven claimants in the past two months. The trust has been hard at work over the past year... 

ICON Group successfully preserves century old building in Johannesburg CBD, despite demolitions and excavations ongoing

By: Creamer Media Reporter      24th February 2021 The ICON Group is underway with bulk earthworks and demolition in the Johannesburg CBD for what will eventually become the new Title Deeds Office for the city. The project value for ICON’s scope of work amounts to approximately R20-million. The project began in October 2020 and is centred around... 

Pan African more than doubles cash, reduces debt 

By: Donna Slater     16th February 2021 Midtier gold producer Pan African Resources increased its net cash generated from operations by 178.2%, to $28.1-million in the six months ended December 31, 2020. The miner also managed to reduce its debt by 47.3%, implying a net debt to net adjusted earnings before interest, taxes,... 

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