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AECI CEO Holger Riemensperger
AECI CEO Holger Riemensperger
Amid disposals, AECI aligns internationalisation strategy to regions geared for rapid critical minerals growth
Updated 4 hours ago By: Terence Creamer

JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies that it plans to dispose of over the coming 18... 


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dtic opens entries for Black Industrialists, Exporters Awards
Updated 6 hours ago By: Sabrina Jardim

The Department of Trade, Industry and Competition (dtic) has opened entries for the Black Industrialists and Exporters Awards, the ceremony for which will take place at the Sandton International... 


Solcon Capital chairperson Andile Ngcaba
IFC, Solcon Capital to provide growth capital funding for South African, Indian deep tech companies
Updated 6 hours ago By: Schalk Burger

Development finance institution the International Finance Corporation (IFC) and technology investment company Solcon Capital have announced a strategic partnership aimed at identifying and... 


M&A activity in Africa may improve this year but challenges remain
Updated 2 hours 29 minutes ago By: Schalk Burger

Merger and acquisition (M&A) activity in Africa experienced a sharp decline in 2023 compared with 2022, but there are signs of improvement for this year. Key factors that contributed to the... 


Huawei Cloud global marketing and sales service president Jacqueline Shi
Huawei showcases AI-oriented cloud solutions
28th February 2024 By: Natasha Odendaal

Huawei Cloud is accelerating the digital and intelligent transformation of industries as it presents cloud as the infrastructure of choice for artificial intelligence (AI). The company unveiled ten... 


Zero carbon aviation company demonstrates its complete system for the first time
Updated 4 hours ago By: Rebecca Campbell

US zero carbon-emissions aviation company Universal Hydrogen has announced that it has used one of its proprietary modular liquid hydrogen storage and transport ‘capsules’ to successfully power its... 


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Wind turbines, solar panels and transmission lines
Amplats signs renewable energy offtake agreement with Envusa Energy
Updated 1 hour 51 minutes ago By: Sabrina Jardim

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA)... 


Africa with country flags
Africa's debt to stay above pre-pandemic levels through 2025, UN official says
Updated 3 hours ago By: Reuters

Africa's public debt will stay above pre-pandemic levels in 2024 and 2025, with many countries still at risk of falling into debt distress as they continue to struggle to service international... 


Medical researcher
Gates Foundation funds African scientists searching for TB and malaria cure
Updated 4 hours ago By: Bloomberg

African scientists have received $7.2-million to find drugs that will help combat malaria and tuberculosis on the continent that’s the most afflicted by the infectious diseases. More than half of... 


Rand Water works to rid Vaal river of invasive plants
Rand Water works to rid Vaal river of invasive plants
Updated 4 hours ago

Rand Water has embarked on a three-pronged integrated programme to clear the invasive water lettuce currently overwhelming the Vaal River, one part of which is the release of hundreds of weevils as... 


Cleaner-fuelled Anglo ship built by Shanghai shipbuilder.
Anglo’s tenth emission-cutting ship contributing to cleaner, greener maritime industry
Updated 5 hours ago By: Martin Creamer

The contribution of diversified mining company Anglo American to a cleaner, greener maritime industry is highlighted by this week’s delivery of the last of ten emission-cutting ships. The maiden... 


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Shirts on hangers in a clothing factory
South African fashion retailers boost local production amid port delays
Updated 5 hours ago 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... 


The site of the proposed green hydrogen production facility
Lhyfe seeking approval for planned 20 MW green hydrogen plant in the UK
Updated 6 hours ago By: Schalk Burger

Green hydrogen development company Lhyfe is planning to build, if plans are approved, a 20 MW green hydrogen production facility in Wallsend, North Tyneside, in the UK. The proposed facility will... 


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Vodacom opposes order to pay former employee billions of rands
Updated 7 hours ago By: Bloomberg

Vodacom Group has approached South Africa’s Constitutional Court to ask for leave to appeal a ruling that it pay a former employee billions of rand in compensation for an idea he proposed more than... 


An image of Cesa president David Leukes
Cesa underlines importance of collaboration in tackling infrastructure challenges
27th February 2024 By: Tasneem Bulbulia

There are myriad, well-documented challenges facing the country’s major infrastructure, ranging from the built environment to water and energy, and key to addressing this will be collaboration and... 


Ewseta CEO Mpho Mookapele
TVET colleges ‘not in a good state’ – Ewseta
27th February 2024 By: Darren Parker

South Africa’s technical and vocational education and training (TVET) colleges are not in a good state, Energy and Water Sector Education and Training Authority (Ewseta) CEO Mpho Mookapele has... 


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Magazine

Magazine round up | 23 February 2024
Magazine round up | 23 February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

CURRENCY CRUNCH: Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the exchange rate to a hard asset such as gold,” Ncube said in an online press briefing a week after President Emmerson Mnangagwa signalled that a revamp of the world’s worst-performing currency was under consideration. At the time of the announcement, the Zimbabwe dollar had slumped almost 50% against the US dollar this year after plunging 90% in 2023.
CURRENCY CRUNCH

Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the... 

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Junior mining fund is a start, but should not be seen as the end game

The Junior Mining Exploration Fund just launched by the Industrial Development Corporation and the Department of Mineral Resources and Energy (DMRE) is a start but must not end up as the finish.... 

Photo of Terence Creamer
Crunch time

The consequences of policy failure in electricity are so obvious there is no need to ventilate them again. Not so for gas, however, given that they are only visible to those manufacturers that have... 

Business Leader

Jurie Wessels, founder and executive chairperson of Vanadium Resources
Jurie Wessels

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 

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HANGING ON

HANGING ON: There was a near audible sigh of relief when ArcelorMittal South Africa announced a six-month deferral to its plan to close its loss-making long-products business. While the group sees... 

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Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

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AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

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