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Image of the Port of Maputo
Port of Maputo reports record volume for 2023
16th January 2024 By: Irma Venter

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

Train collision site near Richards Bay
Recovery efforts under way following derailment of two trains near Richards Bay
16th January 2024 By: Schalk Burger

State-owned Transnet Freight Rail (TFR) is busy with recovery efforts after a derailment in which two trains collided in the early hours of January 14 at Elubana, outside Richards Bay, in... 

Dampier Salt sells WA salt operation for A$375m – Rio Tinto
Dampier Salt sells WA salt operation for A$375m – Rio Tinto
16th January 2024 By: Creamer Media Reporter

Diversified miner Rio Tinto on Tuesday announced the sale of Dampier Salt’s MacLeod salt and gypsum operation in Carnarvon, Western Australia, to privately owned Leichhardt Industrials for... 

BLSA CEO Busi Mavuso
Mavuso warns populist politicking ahead of elections can harm reform efforts
15th January 2024 By: Marleny Arnoldi

Business Leadership South Africa CEO Busi Mavuso foresees a challenging year ahead for business, given the record number of elections that lie ahead. This, coupled with an unprecedented level of... 

The Durban Container Terminal
Rival bidders question selection of proposed partner for Durban container terminal
12th January 2024 By: Bloomberg

South Africa’s selection of Filipino billionaire Enrique Razon’s harbour firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by losing bidders. Companies... 

China's imports of Mongolian coal set to rise as transport improves
12th January 2024 By: Reuters

China's imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies,... 

Image of Angola flag and periodics table for neodymium/praseodymium
Longonjo neodymium/praseodymium project, Angola – update
12th January 2024 By: Sheila Barradas

Pensana has made significant strides at the Longonjo mine ahead of main construction starting later this year. 

East London Terminals
TNPA to appoint panel to bridge ‘operational gaps’ at eight seaports
10th January 2024 By: Marleny Arnoldi

Transnet National Ports Authority (TNPA) is looking to appoint a panel of qualified service providers as terminal operators to step in and assist in closing “operational gaps” at its eight... 

Transnet Freight Rail highlights challenges and plans to address them
Transnet Freight Rail highlights challenges and plans to address them
10th January 2024

Transnet Freight Rail is facing a wide array of challenges undermining its ability to operate, ranging from cable theft to community-related challenges. The struggling rail operator recently took... 

South Africa prepares Bill to form State-firm holding company
10th January 2024 By: Bloomberg

South Africa’s minister of public enterprises will soon introduce a bill in parliament to establish a government firm that will own and manage at least 13 of the country’s state-owned companies.... 

South Africa stocks lose $50bn in eight-year foreign exodus
South Africa stocks lose $50bn in eight-year foreign exodus
10th January 2024 By: Bloomberg

It’s been nearly a decade of waning foreign interest in South African stocks, with outflows exceeding $50-billion in that time. Last year was the eighth year in a row that foreign investors dumped... 

Image of the Ford factory in Pretoria
New-vehicle sales inch up 0.5% in 2023, exports at record levels 
9th January 2024 By: Irma Venter

New-vehicle sales in the domestic market inched up by 0.5% in 2023 compared with 2022, says Naamsa | The Automotive Business Council. This follows a 13.9% jump in 2022 and 22.2% growth in 2021. 

Pensana progressing activities at Angola project prior to main construction
9th January 2024 By: Tasneem Bulbulia

London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the... 

Image of the Ashok Leyland Dost
Ashok Leyland’s Dost workhorse makes its local debut
9th January 2024 By: Irma Venter

India’s Ashok Leyland has entered the Southern African commercial vehicle market with its Dost 1.5 l turbodiesel workhorse. Headquartered in Chennai with nine manufacturing plants, Ashok Leyland is... 

Professor Raymond Parsons
Policy uncertainty lower in fourth quarter, but remains highly elevated – NWU
8th January 2024 By: Schalk Burger

The North-West University (NWU) Business School Policy Uncertainty Index (PUI) for the fourth quarter of 2023 showed a welcome easing to 65.5 from its 71.8 in third quarter. However, the presence... 

The Durban Container Terminal
Absa PMI ends 2023 on stronger footing as December business activity rises
8th January 2024 By: Darren Parker

Financial institution Absa’s Purchasing Managers’ Index (PMI) closed out 2023 on a somewhat stronger footing, rising by 2.7 points to 50.9 index points in December.  Absa said on January 8 that... 

Coal shipments on Transnet freight-rail network have plunged to 30-year lows and iron-ore railings are at their lowest in a decade
Crumbling South African rail prompts Botswana to forge new route
19th December 2023 By: Bloomberg

Botswana has received unsolicited bids from investors to build a rail line to a Namibian port that will help avoid South Africa and its disintegrating logistics network. The 1 500 km... 

Azure's Andover deposit
SQM ties up with Hancock on $1.1bn bid for Australian lithium developer Azure
19th December 2023 By: Reuters

Chile's SQM has teamed up with Australia's richest person, Gina Rinehart, to make a sweetened A$1.7-billion ($1.14-billion) bid for Australian lithium developer Azure Minerals, the three parties... 

Greenfield project nears full-scale mining
15th December 2023 By: Lynne Davies

The development of the Gugulethu Colliery – a greenfield project located to the southeast of Hendrina and proximate to Davel – is taking place at an “opportune time” as export opportunities for... 

High drama awaits Africa in 2024
15th December 2023 By: Tara O’Connor

If all the world's a stage, and all the men and women merely players with their exits and their entrances, Africa is headed for high drama – a heart-stopping and pulse-racing 2024. The backdrop is... 

Image of rare earths
Longonjo neodymium/praseodymium project, Angolo – update
15th December 2023 By: Sheila Barradas

An announcement is expected to be made in the first quarter of 2024 regarding the financing of the upfront capital expenditure needed to develop the Longonjo project. 

ITOCHU Africa Bloc CEO Shinya Ishizuka, third from left, with Eastern Cape people at the signing of a memorandum of co-operation with Hive Hydrogen South Africa.
Huge uplift for Eastern Cape on way from South Africa’s R105bn green ammonia project
14th December 2023 By: Martin Creamer

The building of the R105-billion green ammonia project by Hive Hydrogen South Africa is poised to be a huge economic uplift for the Eastern Cape. The large project is the first phase of a... 

Tha Tharisa mine
Tharisa's full-year earnings take a knock, but chrome volumes, prices remain strong
14th December 2023 By: Kenneth Creamer

Miner, processor and marketer of chrome and platinum group metals (PGMs) Tharisa reported a 49.1% year-on-year decrease in earnings a share to $0.27 for the financial year ended September 30.... 

A Gautrain-branded midibus taxi
Gautrain celebrates midibus feeder service successes
14th December 2023 By: Schalk Burger

Urban commuter rail service Gautrain has opened additional midibus routes from its stations in Centurion and Hatfield in partnership with the minibus taxi operators. The Gautrain Midibus Feeder and... 

Transnet freight locomotives
Transnet halts plan to allow private companies to operate key rail line
14th December 2023 By: Bloomberg

State-owned ports and rail company Transnet withdrew a request for quotes for an operating lease on a freight-rail artery that connects its biggest port with its industrial hub, because changes in... 

A TFR locomotive
South Africa aims to fire up economic growth with port, rail revival
13th December 2023 By: Bloomberg

South Africa’s government and the business community set a target of boosting the economic growth rate by as much as six percentage points by fixing the country’s collapsing ports and freight-rail... 

Thungela expects volume boost from Aus mine, while rail impacts South African volumes
13th December 2023 By: Marleny Arnoldi

JSE-listed Thungela Resources expects to report 2.9-million tonnes of saleable production from the Ensham operation, in Australia, for the 2023 financial year, which is above the company’s... 

Passenger trains at a PRASA station
PRASA to brief Parliament’s transport committee early next year on its challenges
12th December 2023 By: Rebecca Campbell

The Passenger Rail Agency of South Africa (PRASA) will account to, and provide a briefing for, Parliament’s Portfolio Committee on Transport, regarding the challenges faced by the Shosholoza Meyl... 

$200m Longonjo financing announcement expected early next year
12th December 2023 By: Darren Parker

An announcement is expected to be made in the first quarter of next year regarding the financing of the $200-million upfront capital expenditure (capex) needed to develop one of the world’s largest... 

Rio Tinto says it is optimistic about China's growth - state media
Rio Tinto says it is optimistic about China's growth - state media
12th December 2023 By: Reuters

Global miner Rio Tinto is optimistic about China's economic growth potential and will stick to its long-term strategy there, its chairman, Dominic Barton, said after a rare meeting on Tuesday with... 

A solar flare
Researchers report that space weather events could endanger railway safety
12th December 2023 By: Rebecca Campbell

Researchers at the University of Lancaster in the UK have determined that significant space weather events could interfere with railway signalling systems at sea level, on Earth, thereby creating... 

ACI dips to levels last seen at start of Covid-19 as industry buckles under challenges
11th December 2023 By: Marleny Arnoldi

The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) deteriorated by ten points to 40 in the fourth quarter of the year. Notably, Agbiz... 

generic doctor with stethoscope
Passage of NHI Bill would spell disaster for the health sector – BLSA
11th December 2023 By: Darren Parker

Business Leadership South Africa CEO Busi Mavuso has warned of the deteriorating health sector without the prospect of recovery, owing in large part to the passage last week of the National Health... 

An image of Anglo American CE Duncan Wanblad
Anglo reconfigures some assets as it targets lower costs, capex
8th December 2023 By: Tasneem Bulbulia

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 

Seifsa warns of dire consequences if govt fails to intervene on AMSA longs closure
8th December 2023 By: Terence Creamer

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is calling on government to take urgent and decisive action to support the domestic steel sector following ArcelorMittal... 

Barloworld expects slowdown in mining equipment sales as commodity cycle cools
8th December 2023 By: Irma Venter

Barloworld expects a 10% to 15% decline in the 2024 Southern African mining equipment industry on the back of slowing commodity demand and weak commodity prices. “Having said that, we are... 

Photo of Terence Creamer
No love, but some sympathy
8th December 2023 By: Terence Creamer

There is not much love for ArcelorMittal South Africa (AMSA). The near-monopoly business is seen as over-protected, and under responsive by many of its customers. Many questions have been raised... 

Image of iron-ore stockpile
Belinga Iron Ore project, Gabon – update
8th December 2023 By: Sheila Barradas

The first product was ready for shipment on December 4. 

Image of hydrogen electrolysis concept
Boegoebaai green hydrogen programme, South Africa – update
8th December 2023 By: Sheila Barradas

Financial adviser Mizuho International has been appointed to assist Sasol by facilitating an “international search for partners to co-invest and . . . complete further studies" at Boegoebaai. 

Image of manganese ore
Chvaletice manganese project, Czechia – update
8th December 2023

Euro Manganese has signed definitive agreements with OMRF for $100-million in nondilutive financing to advance the project. 

Image of iron-ore stockpiles
Simandou iron-ore project, Guinea – update
8th December 2023 By: Sheila Barradas

Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026. 

The Mogalakwena PGMs mine
Anglo American preps sweeping cost cuts as price rout bites – sources
7th December 2023 By: Reuters

Anglo American is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum... 

Simandou stands out as the world’s biggest untapped high-grade iron-ore deposit, and if approved, promises to be the most extensive greenfield integrated mine and infrastructure investment across the African continent.
Rio Tinto investing $10bn/y in capex, spotlight on Simandou
6th December 2023 By: Mariaan Webb

Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its... 

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