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South Africa's current account deficit widens sharply in fourth quarter
7th March 2024 By: Reuters

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data... 


SAPICS members visit BMG World distribution facility
SAPICS members visit BMG World distribution facility
7th March 2024

BMG hosted 30 SAPICS members at the end of last year, for a walkthrough of the BMG World distribution facility in Johannesburg. “BMG World - our 16 000 m² distribution facility - serves as a... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


Busa deputy CEO to succeed Coovadia in 2025
6th March 2024 By: Sabrina Jardim

Business organisation Business Unity South Africa’s (Busa’s) board of directors has appointed Khulekani Mathe to take over as Busa CEO in January 2025 when Cas Coovadia retires. Mathe was appointed... 


Peanut butter recall puts the spotlight on often-overlooked reverse logistics competence, says supply chain body
6th March 2024

The ongoing recall of peanut butter products has put the spotlight on reverse logistics, an often-neglected aspect of supply chain management, according to SAPICS (The Professional Body for Supply... 


Incoming MD Simon Rushton
New board to spearhead Macro’s iron-ore push
6th March 2024 By: Mariaan Webb

Australia’s Macro Metals on Wednesday announced the appointment of an experienced board with a dedicated focus of developing its Pilbara iron-ore portfolio, sending the company’s stock surging on... 


An image of Sapra vice chairperson Lebo Ramolahloane
Petrol price increase poses risks to other industries
5th March 2024 By: Tasneem Bulbulia

South Africa’s food security is in the spotlight, with current weather conditions posing enough of a threat to farmers to cause a potential yield loss of their crops, following the heatwaves and... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


Red Rock selected as location for Ontario lithium refinery
Red Rock selected as location for Ontario lithium refinery
5th March 2024 By: Mariaan Webb

Clean technology company Rock Tech has selected the former Norampac paper mill site in Red Rock as the location to develop Ontario’s first lithium refinery. Rock Tech, which is listed on the... 


An aerial view of the Port of Durban
Business activity picks up in February, PMI survey shows
5th March 2024 By: Reuters

South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P... 


Carol Koech
Bridging the talent shortage in modern data centres
5th March 2024

By Carol Koech, Strategy Director, Sustainability & Thought Leadership – Schneider Electric International Operations  The rapid expansion of data centres has created a high demand for skilled... 


John Thompson
5th March 2024

Visit virtual showroom of John Thompson  


Report reveals drop in insolvencies for South Africa, but challenges remain
4th March 2024 By: Sabrina Jardim

Trade credit insurance company Allianz Trade has released its latest ‘Global Insolvency Report’, unveiling updated forecasts for 2024 and 2025. According to Allianz, global insolvencies are set to... 


A truck with the Bidvest International Logistics logo
Bidvest grows trading profit, declares dividend, pursuing further acquisitions
4th March 2024 By: Schalk Burger

JSE-listed diversified services, trading and distribution company Bidvest recorded an 8.8% year-on-year increase in revenue to R62.2-billion andan 11.8% increase in trading profit to R6.5-billion... 


Chicken portions being packed
RCL reports higher interim earnings, unbundling of its Rainbow business
4th March 2024 By: Marleny Arnoldi

JSE-listed consumer goods group RCL Foods has posted a 48% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.5-billion for the six months ended... 


BLSA CEO Busi Mavuso
Mavuso urges public-private collaboration to mitigate looming natural gas cliff
4th March 2024 By: Marleny Arnoldi

Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from... 


Image of a warehouse
More warehouse space across South Africa
1st March 2024

Logistics service provider Rhenus South Africa is expanding its warehousing capacities in South Africa. The company’s integrated warehousing services will be particularly focused on providing... 


Air Liquide subsidiary chooses local BBBEE partner
1st March 2024 By: Sabrina Jardim

Air Liquide Large Industries South Africa (ALLISA) has appointed investment holding company Community Investment Holdings (CIH) as its local broad-based black economic empowerment (BBBEE) partner,... 


National Treasury director-general Dr Duncan Pieterse
PPP reforms could avert need for prescribed-assets policy to increase private infrastructure investment – Pieterse
1st March 2024 By: Terence Creamer

National Treasury director-general Dr Duncan Pieterse says the reforms being proposed to facilitate greater private sector investment into infrastructure could obviate the need to introduce a... 


Image of Kamoa mining complex
Kamoa-Kakula Copper Complex, Democratic Republic of Congo – update
1st March 2024 By: Sheila Barradas

Ivanhoe chairperson Robert Friedland has commented that Kamoa-Kakula continues to exceed expectations in terms of overall performance. 


An image of sparks on steel
Low demand threatens sustainability
1st March 2024 By: Nadine Ramdass

The South African steel sector is facing significant challenges, primarily because of oversupply, in addition to very little demand, coupled with economic constraints. Resolving these issues... 


Magazine cover image
Is the era of the flying taxi finally about to dawn?
1st March 2024 By: Rebecca Campbell

The concept of small, usually unconventional, aircraft, carrying small numbers of passengers, weaving their way through towering skyscrapers and speeding over suburbs, has been a staple of... 


Nokia to support initiative to expand rural connectivity coverage in Africa
1st March 2024 By: Natasha Odendaal

As connectivity in rural regions across Africa lag that of the more populous urban areas, technology company Nokia aims to provide support to accelerate the pace of connectivity in these harder to... 


Image of solar and wind operation
Renewable Energy Independent Power Producer Procurement Programme – Bid Window 7, South Africa
1st March 2024 By: Sheila Barradas

Bid submission for Bid Window 7 of the Renewable Energy Independent Power Producer Procurement Programme is scheduled for April 30, 2024. 


Magazine cover image
Is the era of the flying taxi finally about to dawn?
1st March 2024 By: Rebecca Campbell

The concept of small, usually unconventional, aircraft, carrying small numbers of passengers, weaving their way through towering skyscrapers and speeding over suburbs, has been a staple of... 


Acting TFR CEO Russell Baatjies and Sasol CEO Fleetwood Grobler (seated at centre) sign the agreement, in front of their respective teams, including (standing from left to right) Mario Klaasen, Loven Naidoo, Bonginkosi Mabaso, Pierre Koch, Pierre Taljaard and Kevin Govender, with Ayanda Mokhesi seated to the left of Baatjies and Brad Griffith and David Mokomela seated to Grobler’s right
Cabinet and business praise Sasol and TFR for ‘first-of-its-kind’ partnership to repair 128 ammonia tankers
29th February 2024 By: Terence Creamer

Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


President Cyril Ramaphosa to Open SIDSSA 24
29th February 2024

SIDSSA 2024 will bring new energy projects to the market for investment and infrastructure-led socioeconomic growth. South African President Cyril Ramaphosa will open the Sustainable Infrastructure... 


Road Freight Association revs up for annual conference at Arabella Hotel, Golf & Spa
Road Freight Association revs up for annual conference at Arabella Hotel, Golf & Spa
29th February 2024

The Road Freight Association (RFA) is gearing up for its annual conference, which this year takes place in the picturesque town of Hermanus in the Western Cape. The three-day event, held from May... 


BHP to restructure some global corporate roles as it looks to trim costs
BHP to restructure some global corporate roles as it looks to trim costs
29th February 2024 By: Reuters

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 


Shirts on hangers in a clothing factory
South African fashion retailers boost local production amid port delays
28th February 2024 By: Reuters

South African fashion retailers are ramping up local production and using alternative sea ports and air freight to mitigate the impact of congestion at traditional ports that has caused massive... 


Bidvest sells 27.5% in logistics unit to investment firm Akhona
28th February 2024 By: Bloomberg

A subsidiary of South African conglomerate Bidvest Group is selling a 27.5% stake in a logistics business to black women-owned financial firm Akhona Strategic Investments. Akhona, headed by former... 


An image of The Spar Group sustainability executive Kevin O’Brien
Spar Group advancing sustainability initiatives to reduce plastic waste
28th February 2024 By: Tasneem Bulbulia

JSE-listed retailer Spar Group is undertaking several initiatives to curb the environmental impact of plastic packaging materials. This commitment aligns with the group’s dedication to phasing out... 


Deloitte's head office, in Midrand
Onus largely on private sector to recover economy, says Deloitte
26th February 2024 By: Marleny Arnoldi

With the 2024/25 national Budget not having provided much relief to taxpayers, and the economy having a high debt to gross domestic product (GDP) ratio and slow growth rates, South Africans need to... 


Image of the Malawian flag
Arise IIP signs deal with Malawi to build R3bn SEZ, dry port
26th February 2024 By: Irma Venter

Arise Integrated Industrial Platforms (ARISE IIP) has signed a development agreement with the government of Malawi for the construction of a R3-billion special economic zone (SEZ) and dry port in... 


BLSA CEO Busisiwe Mavuso
‘Deep’ reforms, Transnet appointments key to dealing with South Africa’s logistics crisis – BLSA
26th February 2024 By: Sabrina Jardim

With commodity prices declining and mining companies being unable to get output to their markets owing to issues with the rail and port services that State-owned utility Transnet provides, business... 


Econometrix director and chief economist Dr Azar Jammine
Budget shows an economy treading water, not collapsing – Jammine
23rd February 2024 By: Darren Parker

Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to... 


Plastics industry disappointed with 2024 Budget speech, calls for urgent economic stimulus
Plastics industry disappointed with 2024 Budget speech, calls for urgent economic stimulus
23rd February 2024

Plastics SA Executive Director Anton Hanekom has voiced his disappointment in the Budget Speech delivered by Finance Minister Enoch Godongwana on 21 February 2024. Hanekom emphasised that the... 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


Image of Chile map/flag
Centinela second concentrator project, Chile
23rd February 2024 By: Sheila Barradas

Antofagasta and Marubeni Corporation have reported that the project will have a 36-year mine life, based on Centinela’s substantial ore reserve of two-billion tonnes. 


Magazine cover story
Premium car market outlook murky as South Africans continue to hunt for Asian bargains
23rd February 2024 By: Irma Venter

The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs,... 


Private rail network investment expected to focus on bulk freight at first – Traxtion
22nd February 2024 By: Schalk Burger

Private rail operator Traxtion expects the first investment into private freight train capacity to be announced later this year and to be focused on the bulk freight sectors. This is excellent for... 


Image of the MV Mpungu
Lake Victoria freight vessel aims to cut travel time by up to three days
22nd February 2024 By: Irma Venter

The Mpungu freight vessel has made its debut on Lake Victoria, in East Africa. The Mpungu will be Lake Victoria’s first scheduled roll-on/roll-off freight vessel, addressing the need for a reliable... 


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