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Artificial Intelligence in the Boardroom: What Questions Should Boards Be Asking About AI?
Artificial Intelligence in the Boardroom: What Questions Should Boards Be Asking About AI?
27th February 2024

By Prof. Mark Nasila, Chief Data and Analytics Officer in FNB Chief Risk Office Few business leaders dispute that artificial intelligence (AI) is on course to upend every major market sector and... 


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... 


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,... 


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,... 


Busa CEO Cas Coovadia
Budget seen as realistic, generally positive in economic context
22nd February 2024 By: Schalk Burger

Business organisations Business Leadership South Africa (BLSA) and Business Unity South Africa (Busa) said the 2024 Budget presented by Finance Minister Enoch Godongwana on February 21, was... 


Australian iron-ore port starts clearing ships ahead of cyclone
Australian iron-ore port starts clearing ships ahead of cyclone
22nd February 2024 By: Bloomberg

A major port on Australia’s west coast used by Rio Tinto Group to export iron-ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday. All port... 


Water treatment infrastructure
DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
21st February 2024 By: Darren Parker

Development finance institution Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in... 


Finance Minister Enoch Godongwana
Reserves drawdown is wildcard in South Africa’s election budget
19th February 2024 By: Bloomberg

Enoch Godongwana needs to conjure an annual budget that balances spending pressures stemming from this year’s elections with the South African National Treasury’s commitment to stabilise its... 


President Cyril Ramaphosa
New fund to mobilise public and private funding to climate-proof existing essential infrastructure
19th February 2024 By: Terence Creamer

President Cyril Ramaphosa has provided some additional background to the Climate Change Response Fund, the formation of which he announced in his recent State of the Nation Address. Writing in his... 


Critical infrastructure blackouts top business risk in SA – Allianz
16th February 2024

For the second consecutive year, international financial services provider Allianz’s Risk Barometer indicates that critical infrastructure blackouts, attributed to power outages and the failure of... 


An image of Dr Bridget Ssamula
S Africa’s infrastructure at a crossroads – council
16th February 2024 By: Lumkile Nkomfe

Industry body Engineering Council of South Africa (ECSA) has emphasised the significance of maintenance as a proactive measure against further decay of South Africa’s infrastructure. The council... 


Locomotives owned by Transnet Freight Rail
EIB in talks with South Africa over loan for ports, freight rail
15th February 2024 By: Bloomberg

The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the... 


Budget expected to show conditions remain unsupportive of fiscal consolidation – Nedbank
15th February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana's 2024 Budget Speech, to be delivered next week, is expected to show that economic conditions will remain broadly unsupportive of significant fiscal consolidation,... 


Rand Currency
S Africa's budget to consolidate more slowly, rate cuts delayed – poll
15th February 2024 By: Reuters

South Africa's budget deficit will narrow at a slower pace in coming years than October estimates predicted, put off course by poor mining tax receipts, according to a Reuters poll which also... 


Subdued growth expected in transport sector; more freight going to Maputo – Ctrack index
Subdued growth expected in transport sector; more freight going to Maputo – Ctrack index
14th February 2024 By: Irma Venter

The Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of fairly subdued growth for the transport sector”. This is based on the assumption of mediocre economic growth in South... 


Opinion: Takeways from the 2024 Mining Indaba
Opinion: Takeways from the 2024 Mining Indaba
13th February 2024

In this article, policy advisor and Associate Fellow of Chatham House Sheila Khama writes that the Investing in African Mining Indaba is progressively repositioning itself internally but also being... 


New shore tension units acquired by TNPA
TNPA receives first four of 52 new hydraulic tension mooring units
12th February 2024 By: Schalk Burger

State-owned Transnet National Ports Authority (TNPA) has received and operationalised four hydraulic tension mooring units at the ports of Cape Town and Ngqura. This is the first batch of the 52... 


Image to show range of services by Manta Freight Logistics offers a range of services
Global freight logistics with local personal touch
10th February 2024

Logistics and transport service company Manta Freight Logistics offers a range of services including sea freight, air freight, road freight, customs clearing and warehousing and distribution. The... 


The Durban Container Terminal
Business stakeholders find ‘election-oriented’ SoNA wanting
9th February 2024 By: Marleny Arnoldi

Business stakeholders agree that President Cyril Ramphosa was right to emphasise economic reforms in his State of the Nation Address (SoNA) on February 8, as these are critical to turning around... 


Transnet needs ‘the right, permanent management, quickly’ – Stellenbosch University academic
9th February 2024 By: Irma Venter

State-owned rail and port operator Transnet could, potentially, show significant improvement this year, compared with last year’s dismal performance, says transport economist and macrologistics... 


IMAGE OF LIQUID BULK TERMINAL
South Dunes Precinct development, South Africa
9th February 2024 By: Sheila Barradas

The Transnet National Ports Authority issued a request for proposals in December 2023 for the appointment of suitable terminal operators to fund, design, develop, operate, maintain and transfer the... 


An image depicting Jubilee CEO Leon Coetzer.
Jubilee embarks on Zambia expansion strategy
8th February 2024 By: Sabrina Jardim

Metals processing company Jubilee Metals aims to expand its operations in Zambia to produce an initial 25 000 t/y of copper. The strategy includes the expansion of Jubilee’s copper resource base... 


Oranges
CGA welcomes support from shipping company to boost citrus exports
8th February 2024 By: Marleny Arnoldi

The Citrus Growers Association of Southern Africa (CGA) has welcomed the announcement that global liner shipping company Hapag-Lloyd will be helping to export citrus from the ports in Durban and... 


China's CMOC eyes further growth in Congo and beyond after taking cobalt crown
8th February 2024 By: Reuters

Chinese mining firm CMOC Group could buy more assets in copper and cobalt-rich Democratic Republic of Congo, and sees further potential for growth in South America and Indonesia, an executive told... 


Image of VWSA MD Martina Biene
Volkswagen spends big to counter loadshedding as it becomes sole Polo supplier
7th February 2024 By: Irma Venter

Volkswagen Group South Africa, now trading as Volkswagen Group Africa (VWA), is investing R55-million to generate 3 MW in additional solar energy for its assembly plant in Kariega, in the Eastern... 


Trafigura group executive chairperson and CEO Jeremy Weir, Ivanhoe Mines founder and executive co-chair Robert Friedland, and Lobito Atlantic Railway CEO Francisco Franca
Kamoa-Kakula, Trafigura become first Lobito railway corridor customers
7th February 2024 By: Darren Parker

The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement... 


Wine industry calls for balanced taxes, improved law enforcement
6th February 2024 By: Sabrina Jardim

Ahead of the forthcoming State of the Nation Address (SoNA), nonprofit advocacy organisation South Africa Wine highlights issues that it says require immediate attention for the betterment of the... 


Bunker fuels terminal to be developed on a brownfield site at the Port of Richards Bay
Preferred bidder selected for bunker fuels terminal on brownfield Port of Richards Bay site
5th February 2024 By: Terence Creamer

Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminal as the preferred bidder to develop and operate a liquid bulk terminal specialising in bunker fuels on a brownfield site at... 


President Cyril Ramaphosa at the Mining Indaba.
South Africa’s mining industry now 39% black-owned, Mining Indaba hears
5th February 2024 By: Martin Creamer

In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt... 


President Cyril Ramaphosa
We are turning ports around, but it will take time – Ramaphosa
5th February 2024 By: Sashnee Moodley

While the recently launched African Continental Free Trade Area will provide advantages for South African companies, the efficiency and competitiveness of the country’s logistics architecture needs... 


Locomotives operating on Transnet Freight Rail's rail lines
Clear commitment to reform implementation needed in SoNA – Mavuso
5th February 2024 By: Schalk Burger

Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has urged President Cyril Ramaphosa to show a clear commitment to the hard work of reform implementation during his... 


City reiterates call to allow private sector contribution to Cape Town port
2nd February 2024

The City of Cape Town has called on national government to immediately publish the Freight Logistics Roadmap and to encourage private sector involvement in the Port of Cape Town. Economic... 


An image of the steel suction pipe component manufactured by Bay Engineering
Precision engineering firm tallies up project portfolio
2nd February 2024 By: Trent Roebeck

Bay Engineering is an outsourced engineering and jobbing shop, based in Benoni, that specialises in steel pipe fabrication and welding, computer numerical control (CNC) turning and milling and... 


An image depicting a barge
Drilling projects successful despite challenges
2nd February 2024 By: Sabrina Jardim

Owing to quay walls that are starting to collapse and their requiring replacement, drilling company Geomech Africa was contracted to conduct offshore drilling at various South African ports from... 


Port of Maputo reports record volume for 2023
2nd February 2024 By: Irma Venter

The Maputo Port Development Company (MPDC) says the Port of Maputo achieved a record volume of 31.2-million tons in 2023, up 16% on the previous year. MPDC is a public–private partnership between... 


Magazine cover image
Collaboration and grid investment key to making 2024 a turning point in SA’s power crisis
2nd February 2024 By: Tasneem Bulbulia

If South Africa’s energy investment programmes and reforms continue, the energy availability factor (EAF) for State-owned utility Eskom’s coal fleet does not decline, and business partnerships and... 


Image of Port of Durban and SA flag
Pier 2 North Quay project reconstruction, deepening and lengthening, South Africa
2nd February 2024 By: Sheila Barradas

The Transnet National Ports Authority has issued a tender for the reconstruction, deepening and lengthening of three berths at the Pier 2 North Quay. 


There is no substitute for economic growth, Deloitte says ahead of 2024 Budget
1st February 2024 By: Natasha Odendaal

A tight balance is expected for this year’s National Budget as South Africa’s woes continue; however, a significant, or fundamental, raising of taxes is not expected, with a tightening hold on... 


Dr Juanita Maree
Freight forwarders note some progress in tackling logistics crisis, but call for intensification of collaborative efforts
1st February 2024 By: Terence Creamer

The CEO of the South African Association of Freight Forwarders (SAAFF) believes progress is being made in navigating the ‘perfect storm’ of South Africa’s current logistics crisis, which is... 


President Cyril Ramaphosa
Ramaphosa says continental market will promote agricultural development, food security as trade begins under AfCFTA
31st January 2024 By: Thabi Shomolekae

President Cyril Ramaphosa said on Wednesday that the start of preferential trade will create great opportunities for growth and development for South Africa and many other African countries.... 


South African Rand
IMF cuts South Africa's 2024 growth forecast
30th January 2024 By: Bloomberg

The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining activity and acting as a drag on the entire region.... 


An image depicting Hume International logistics and operations director Roy Thomas.
Food distributor welcomes chicken import rebates but warns of supply chain issues
30th January 2024 By: Sabrina Jardim

The International Trade Administration Commission (Itac) confirmed on January 25 that it is lifting punitive tariffs on imported chicken as a response to the impacts of the Highly Pathogenic Avian... 


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