M&R expects business rescue plan for distressed subsidiary by March, other divisions holding firm

JSE-listed mining and construction engineering and contracting company Murray & Roberts (M&R) expects a business rescue plan for its South African subsidiary Murray & Roberts Limited to be... 

Business-govt partnership commits to 3% growth, more jobs for the youth

The second phase of the partnership between government and business aims to deliver economic growth of 3% by the end of the year, which business partners and President Cyril Ramaphosa and a senior... 

Nordex appoints Robert Timmers as MD for South Africa

Onshore wind energy company Nordex Group has appointed Robert Timmers as the new MD for Nordex Energy South Africa (NESA). He returns to South Africa after successfully leading Nordex Australia as... 

Michelin appoints Vitor Silva president for Africa, India and Middle East

Tyre manufacturer Michelin has appointed Vitor Silva as president of the Africa, India and Middle East (AIM) region. He will be based out of Pune, India. He has held several key leadership roles in... 

New Western Soutpansberg Nature Reserve declared

The Western Soutpansberg Nature Reserve (WSNR), covering 14 properties with eight landowners, and spanning over 11 607 ha of critical biodiversity, was officially declared on January 17.... 

Prosper Africa, Afreximbank partner to boost Africa-US trade

US Agency for International Development private sector programme Prosper Africa and trade financing company African Export-Import Bank (Afreximbank) have signed a new memorandum of understanding... 

Government-business partnership recommits to growing economy

President Cyril Ramaphosa, on January 16, met with Ministers and senior business leaders to reaffirm the government-business partnership’s commitment to achieving the shared ambition of... 

Main non-tariff barrier in Africa is infrastructure, potential lies in non-traditional markets

A significant non-tariff barrier (NTB) that business in Africa faces is infrastructure deficiencies, which is hampering growth, specifically for the 16 landlocked countries in Africa that are... 

Schneider Electric sets goal of reducing suppliers’ emissions by 50% by 2025

Electricity and automation company Schneider Electric has set a goal of reducing the carbon intensity of its top 1 000 suppliers by 50% by 2025, Schneider Electric strategy and sustainability... 

B20 South Africa delegation to emphasise collaboration to tackle global challenges at WEF meeting

A delegation from B20 South Africa will attend the upcoming World Economic Forum (WEF) annual meeting, in Davos, Switzerland, led by B20 South Africa Sherpa Cas Coovadia, along with co-chairpersons... 

PowerGen launches African renewable energy investment platform

Renewable energy company PowerGen Renewable Energy (PowerGen) has partnered with international investors to establish a scalable, distributed renewable energy platform targeting the deployment of... 

OPEC Fund commits $30m to 1.1 GW Gulf of Suez wind farms in Egypt

Development finance institution the OPEC Fund for International Development is cofinancing Africa’s largest onshore wind power project by contributing $30-million to the construction of two 550 MW... 

Businesses prioritising AI to drive productivity, BCG survey shows

AI remains a top priority for business leaders worldwide this year, with a strong focus on reaping tangible results from their AI initiatives, consulting company Boston Consulting Group's (BCG's)... 

Trade expectations outpace trade activity in December – Sacci

The trade outlook in December remained well into positive territory, but present trade activity is still in negative territory, according to business organisation the South African Chamber of... 

SA Tourism expects to generate R616m from 53 planned events

Tourism promotion agency South African Tourism (SA Tourism) has secured fifty-three bids for international events in the 2024/25 financial year to March 31, 2025, which are expected to generate... 

South African online population expresses optimism about AI - survey

Similar to global attitudes becoming more positive about the use of AI, South Africa too demonstrates a growing embrace of AI, with adoption rates and enthusiasm on the rise, a global survey by... 

South Africa needs strong steel policies or risks losing more manufacturing, Memsa warns

Localisation policies and incentives for manufacturers must be restored and expanded to shield the South African economy from further de-industrialisation, with the closure of steel producer... 

Photon Energy to build 250 MW solar, thermal storage plant in KZN

European renewable-energy company Photon Energy has successfully secured 1 200 ha of land for a 250 MW concentrated solar PV plant with 150 MW (1.8 GWh or 12 hours) of thermal hydro storage to be... 

ACHASM appoints Tibor Szana as its sixth director

Industry organisation the Association of Construction Health and Safety Management (ACHASM) has appointed Tibor Szana as director, effective December 16, 2024. Szana, a retired Department of... 

Treasury, SARB holding first of four G20 framework meetings this week

The National Treasury and the South African Reserve Bank (SARB), which are jointly responsible for overseeing the work of the Group of 20 (G20) Finance Track, will start the first set of technical... 

Logistics progress is evident in growing political maturity, fostering positive change

Progress is being made in improving South Africa’s logistics, with a growing political maturity emerging in some critical areas, fostering positive change, boosting confidence and introducing new... 

Complexity, supply chain interdependencies barriers to improving cyber resilience

Emerging technologies, prevailing geopolitical uncertainty, the evolution of threats, regulatory challenges, vulnerabilities in supply chain interdependencies and a growing skills gap are... 

Salamis returns as Integra CEO, Ladd-Kruger enters as chair

US precious metals producer Integra Resources has announced that it has appointed George Salamis as president, CEO and director, taking over from outgoing Integra president and CEO Jason Kosec.... 

Mako recommends shareholders accept Aurum's final takeover offer

The independent board of directors of ASX-listed exploration company Mako Gold has unanimously recommended that shareholders accept fellow-listed Aurum Resources' off-market takeover offer without... 

Torex Gold achieves full-year production guidance for sixth year

Canadian miner Torex Gold Resources has met its full-year gold guidance, producing 452 523 oz in 2024. Fourth-quarter production was 103 795 oz and came against the backdrop of a temporary... 

Phase 2 DFS drilling starts at Barroso lithium project

Lithium mineral resource project developer Savannah Resources has recommenced drilling as it moves towards the finalisation of the definitive feasibility study (DFS) for the Barroso lithium... 

Atlas mineral sands project on track for Q1 commissioning - Image Resources

ASX-listed mineral sands-focused mining company Image Resources has announced that construction progress remains on track to start the commissioning and first heavy mineral concentrate (HMC)... 

Wesizwe needs Chinese approval to secure Bakubung funding

JSE-listed platinum mine developer Wesizwe announced on Wednesday that its funding application for the Bakubung project required approval from the China National Development and Reform Committee... 

Strong policies and partnerships needed to boost steel industry – SEIFSA

The de-industrialisation trend plaguing South Africa’s metals and engineering sector stems from the absence of a well-considered and all-encompassing metals sector industrial policy, says Steel and... 

Titan announces exploration plans, updated resource estimate, and extended mine life for Empire State

US zinc producer Titan Mining has announced district-scale exploration plans, an updated mineral resource estimate, and an extended mine life for its 100%-owned Empire State Mines (ESM) zinc... 

SA Tourism appoints Darryl Erasmus as COO

Tourism promotion organisation South African Tourism (SA Tourism) has appointed Darryl Erasmus as new COO. He will be responsible for the oversight role of SA Tourism’s Corporate Services... 

ARR granted licence to do test mining at Halleck Creek

ASX-listed American Rare Earths (ARR) has announced that its wholly owned US subsidiary Wyoming Rare (WRI) has been granted a licence to explore by dozing at the Halleck Creek rare earths project,... 

Battery minerals demand expected to outpace supply - McKinsey

Demand for battery raw materials will outpace base-case supply for certain materials, requiring additional investment and leading to fear of shortages and price volatility, among other challenges,... 

Closure of AMSA operations to devastate communities, local manufacturing, warns NUMSA

The National Union of Metalworkers of South Africa (NUMSA) has raised alarm over troubled steelmaker ArcelorMittal South Africa’s (AMSA’s) decision to shut down its Newcastle and Vereeniging Works,... 

Anglesey welcomes council feedback on Parys Mountain scoping report

Mining company Anglesey has announced that the county council has approved the Parys Mountain mine environmental impact assessment (EIA) scoping report. The North Wales Minerals and Waste Planning... 

GreenX Metals selected for energy-transition 2025 BHP Xplor programme

Mineral exploration and development company GreenX Metals has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor programme, which supports promising minerals... 

Municipalities spend 22% of budget in the first quarter of the 2024/25 financial year

The National Treasury, on December 20, published the local government revenue and expenditure report for the first quarter period from July 1 to September 30, which showed that aggregate spending... 

SME business-building MoMo chatbot reaches 1m entrepreneurs in Côte d’Ivoire, Uganda

About one-million small businesses in Côte d’Ivoire and Uganda have digitised their operations, increased the use of digital financial services and accessed digital marketplaces through the MoMo... 

Network Statement a major step in rail reform – B4SA

Industry organisation Business for South Africa (B4SA) welcomes the release of the Network Statement as an exciting and significant milestone in the journey towards meaningful rail sector reform in... 

Intentions of GNU must translate into service delivery and meaningful change – Campbell

While the post-election period brought its share of challenges, and with South Africa navigating the complexities of the Government of National Unity (GNU), it also sparked a renewed focus on...