GuarantCo, BII partner to unlock $500m of new renewable power for South Africa

GuarantCo – part of the Private Infrastructure Development Group (PIDG) – and UK development finance institution British International Investment (BII) expect to unlock $500-million of new... 

Fortress upgrades distributable earnings forecast to R1.78bn

Real estate investment company Fortress Real Estate Investments has revised its distributable earnings forecast for financial year 2025 to R1.78-billion, representing 147.80c a share, a 16.9%... 

Mulilo reaches financial close on 75 MW solar plant

Independent power producer Mulilo has reached financial close on the Ukuqala Solar Project, in the Northern Cape. This is the sixth project that Mulilo has closed this year, adding 75 MW to... 

SAPVIA expects bright year ahead for solar energy

A recent report by the International Energy Agency (IEA) states that the growth in demand for electricity in 2024 and 2025 is forecast to be among the highest levels in the past two decades. They... 

Multotec launches R100m screening media factory to boost efficiency, production capacity

Metallurgy and process engineering company Multotec recently completed construction of its new R100-million screening media factory to consolidate its South African injection-moulded polyurethane... 

Associations submit proposal for VAT-free chicken

Nonprofit organisation the FairPlay Movement has noted that the proposal for the removal of value-added tax (VAT) from specified chicken products has been submitted to the government. The proposal... 

Resolute makes second payment of $50m to Mali government

London- and Australia-listed Resolute Mining has made a second settlement payment of about $50-million to the government of Mali from existing cash reserves. The company notes that the remaining... 

Botswana Diamonds receives environmental authorisation for Thorny River

South Africa’s Department of Mineral Resources and Energy has approved the environmental authorisation for one of two mining permit applications submitted by Aim-listed Botswana Diamonds on the... 

Johannesburg Planetarium relaunches as Wits Anglo American Digital Dome

The University of the Witwatersrand (Wits), in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome,... 

Blencowe joins consortium to supply the European EV supply chain

London-listed Blencowe Resources has accepted an invitation to join the international SAFELOOP consortium, managed under the European Commission's €100-billion Horizon Europe Programme and focussed... 

Pick n Pay launches more reverse vending machines to encourage recycling

Retailer Pick n Pay has, in partnership with reverse vending machine (RVM) provider Imagined Earth and beverage manufacturer Coca-Cola Beverages South Africa, introduced more reverse vending... 

Northam appoints independent nonexec director

The board of JSE-listed Northam Holdings has appointed Wouter André Hanekom as an independent nonexecutive director and as a member of the group's audit and risk committee, with effect from... 

Vukile on track to meet full-year guidance

JSE-listed retail real estate investment trust Vukile Property Fund has reported a 6% increase in its interim cash dividend to 55.2c a share for the six months to September 30. The company, in a... 

NTCSA appoints EPC suppliers for transmission substations

Following a strategic review of the National Transmission Company South Africa’s (NTCSA’s) corporate plan, which includes focusing on accelerating the delivery of the Transmission Development Plan... 

Hummingbird achieves commercial production at Kouroussa

Aim-listed Hummingbird Resources’ Kouroussa gold mine, in Guinea, has reached commercial production. The company notes that the operation's four-week trailing average production has increased to... 

Kavango begins drilling at Prospect 3 of its Hillside project

London-listed Kavango Resources has begun drilling at its Prospect 3 target at the Hillside gold project  in Matabeleland, southern Zimbabwe. The drilling programme is designed to delineate a... 

Eskom finalises technical breakthrough enabling it to extend deadline for meter conversions

State-owned utility Eskom has noted that it, at the weekend, succeeded in a technological breakthrough enabling it to pre-create Key Change Tokens (KCT) on its online vending system. This meant... 

Astron Energy unveils 400th rebranded station

Fuel company Astron Energy has unveiled its four-hundredth rebranded service station at La Roche, in Gqeberha, in the Eastern Cape, on November 22, marking the halfway point in its goal to... 

Gemfields achieves 70% sales at auction

Gemstone miner Gemfields earned total auction revenues of $16.1-million at its latest auction of higher-quality emerald. It sold 30 of the 43 lots on offer, with 141 084 ct of the 200 460 ct on... 

Panellists discuss implications of diversifying the energy mix

As South Africa faces growing energy demand and environmental challenges, it is critical to address how diverse energy solutions can contribute to the resilience and sustainability of its... 

Actom opens new training centre for apprentices

Electromechanical equipment manufacturer Actom has opened a new training centre facility at its premises in Germiston, Johannesburg. The facility offers a variety of apprenticeship programmes. 

Small Business Awards celebrate entrepreneurs

The sixteenth 2024 South African Small Business Awards celebrated South Africa's top entrepreneurs and small businesses at a gala breakfast hosted by the National Small Business Chamber (NSBC), in... 

Cabinet Ministers’ tour underscores FQM's role in achieving Zambia’s copper production ambitions

Zambia's government has reaffirmed its commitment to fostering a favourable investment climate in the mining sector, citing significant production increases as evidence of the success of its... 

Katoro completes initial reconnaissance fieldwork activities at Canadian uranium project

Aim-listed Katoro Gold has completed initial reconnaissance fieldwork activities, alongside ongoing desktop work, on its 100%-owned White Pine uranium project in Ontario, Canada. White Pine was... 

GFRP Tech launches first of its kind manufacturing facility in South Africa

Glass fiber reinforced polymer (GFRP) products supplier and manufacturer GFRP Tech has launched the first manufacturing facility of its kind in South Africa, in Linbro Park, Gauteng, for the... 

MMP looks to the future with a new strategy

With a focus on research, development and innovation (RDI), the Mandela Mining Precinct (MMP) is implementing a new strategy for the next five years, with a focus on the future of the South African... 

Kieswetter appointed as OECD Forum on Tax Administration vice chair

South African Revenue Service (Sars) Commissioner Edward Kieswetter has been appointed as vice chairperson of the Organisation for Economic Cooperation and Development (OECD) Forum on Tax... 

PPPs, GNU can help foster development – Nyati

Amid the fiscal constraints facing South Africa, public-private partnerships (PPPs) are key in driving development, said  State-owned utility Eskom chairperson Mteto Nyati at this year’s Business... 

South Africa needs significantly more energy supply to support future growth

South Africa will only meet its current energy demand requirement by 2040, according to a report by Standard Bank and Cresco Group. The market assessment of South Africa indicates solar PV nd wind... 

AIH Capital’s AIH Fund 1 acquires 49% equity interest in HDC

AIH Fund I, under the management of private equity fund manager AIH Capital, has closed a second deal with High Duty Castings (HDC), resulting in the fund now owning 49% of the manufacturing... 

Johannesburg Planetarium relaunches as Wits Anglo American Digital Dome

The University of the Witwatersrand (Wits), in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome,... 

Equites raises R558m in debt auction

JSE-listed real estate investment trust (REIT), Equites Property Fund has raised R558-million through the public auction of three-year and five-year listed senior unsecured floating rate notes in... 

Rhenus relocates to new facility in Johannesburg

Global logistics service provider the Rhenus Group has strengthened its presence in Gauteng by relocating operations to a new facility in Meadowview, Johannesburg. This R440-million investment... 

Goldplat reports £1.84m operating profit for the Sept quarter

Aim-listed Goldplat’s two recovery operations in Ghana and South Africa achieved a combined operating profit of £1.84-million excluding listing and head office costs, finance cost and foreign... 

Drier season produces lower than average yield for South Africa’s sugarcane growers

This year’s sugarcane harvest is expected to be 10% lower than average, largely owing to unusually drier conditions in the majority of KwaZulu-Natal's growing areas, says industry body SA... 

Presidential Climate Commission delegation joins South African negotiators at COP29

A senior delegation of the Presidential Climate Commission (PCC) has joined Forestry, Fisheries and the Environment Minister Dr Dion George, who is leading the South African delegation to COP29,... 

Omitiomire a ‘stand-out’ copper project – Omico

A bankable feasibility study on Namibian copper explorer and developer Omico Mining’s 95%-owned Omitiomire copper project, in Namibia, has estimated a $224-million net present value. The study has... 

Eastplats reports 49.5% decrease in revenue

JSE- and TSX-listed Eastern Platinum (Eastplats) has reported a 49.5% decrease in revenue to $11-million for the third quarter of the year ended September 30, compared with the $21.8-million... 

Petra names new chairperson as Shine confirms retirement

London-listed Petra Diamonds says Varda Shine will not offer herself for re-election at the company's forthcoming AGM on November 13 and will retire from the board at the conclusion of that... 

Sibanye-Stillwater confirms signing of wage agreement with unions

JSE-listed Sibanye-Stillwater has confirmed that it has concluded wage negotiations at its South African gold operations, which began in July. A one-year agreement was reached with the...