Futuregrowth agrees to R300m funding for Decentral Energy’s projects

South African energy solutions provider Decentral Energy has secured a R300-million funding commitment from specialist investment company Futuregrowth Asset Management.‍ The funding will enable... 

Ivanhoe announces new copper discovery in DRC, makes new appointments

TSX- and OTCQX-listed Ivanhoe Mines has announced a new discovery – the Makoko West extension – in the Democratic Republic of Congo (DRC). The discovery, which is part of the company’s Western... 

Nersa approves generation capacity charge, sets out other retail tariff plan changes

The National Energy Regulator of South Africa (Nersa) has approved, in principle, power utility Eskom’s application for a proposed generation capacity charge (GCC),  but adjusted to reduce the... 

Predictive Discovery confirms exploration potential of Argo area at Guinea project

ASX-listed Predictive Discovery’s latest drilling results from the Argo area of its Bankan gold project, in Guinea, has confirmed the area's potential for further exploration. On February 24, the... 

Amplats’ Tumela mine remains suspended, while the rest of Amandelbult operational following floods

Operations at JSE-listed Anglo American Platinum's (Amplats’) Amandelbult complex in Limpopo, except for the Tumela mine, have restarted following heavy rains and widespread flooding in the region.... 

A department of govt efficiency would not be a bad idea for South Africa, Weimar suggests

Following the unprecedented Budget speech debacle that played out on February 19, Nedbank chief economist Nicky Weimar has advocated for creative and ruthless cutting of wasteful government... 

Wanblad calls on African govts to be more fair-minded in mining risk-reward balance

In a mining era that requires collaboration and partnerships between the public and private sectors, Anglo American CEO Duncan Wanblad has called on African governments to adopt a more fair-minded... 

Demand for copper, nickel, rare earths, lithium to quadruple by 2040, report says

Key minerals such as copper, nickel, rare earths and lithium are on the brink of an unprecedented demand surge, projected to nearly triple by 2030 and quadruple by 2040, according to accounting... 

Business associations, trade unions welcome budget postponement but voice concern over perceived instability

The failure of the Government of National Unity (GNU) to resolve its differences over the budget is disappointing and negative for business sentiment, but it does show that the parties of the GNU... 

Hulamin says new 25% US tariff on aluminium imports likely to improve its competitiveness

JSE-listed aluminium producer Hulamin says the 25% duty on aluminium imports into the US will have no impact on its competitive position in the US market as all its competitors will be subject to... 

Govt to spend R18.4bn over next three years through various dtic incentive programmes

NTo enhance productivity, competitiveness and the green economy, government will spend R18.4-billion over the medium term to support businesses through various incentive programmes under the... 

New single structure to be established that will govern State participation in PPPs

A single structure overseen by the National Treasury will be established during the 2025/26 fiscal year to coordinate State participation in project preparation and planning, public-private... 

Additional R46.7bn funding announced for infrastructure projects

The 2025 Budget documents show that Finance Minister Enoch Godongwana planned to add an extra R46.7-billion in funding for infrastructure projects over the next three years. In his undelivered... 

Dept of Transport, Transnet to engage market on private sector participation opportunities soon

The Department of Transport and State-owned Transnet will, in the next two months, engage the market on private sector participation (PSP) projects in several areas, Finance Minister Enoch... 

Independent economic regulator will ensure fair, sustainable water management, Godongwana says

Note: This article has been written on the basis of documents provided to the media during the 2025 Budget lock-up prior to the cancellation of the Budget Speech on February 19. The National... 

Govt advanced R4bn less than projected in debt relief to Eskom last year

By March 31, government will have advanced R140-billion in debt relief to State-owned entity Eskom, Finance Minister Enoch Godongwana revealed in the 2025 Budget Review documents, which were made... 

Tau announces fund to eliminate foodborne illnesses in township shops

A fund aimed at addressing challenges linked to foodborne illnesses, particularly in township convenience stores, has been established. This was announced by Trade, Industry and Competition... 

Infrastructure slowdown in Australasia impacts on Aveng’s revenue

JSE-listed engineering-led contractor Aveng has reported an 8.1% decline in revenue to R16.6-billion for the six months ended December 31, 2024, down from R18.6-billion in the prior period. The... 

Temporary 21-day export ban only applies to artisanal gemstones, Malawi govt clarifies

Following the February 12 announcement of the placing of a temporary ban on the exports of all minerals from Malawi, the country’s Ministry of Mining has moved to clarify its position. “The... 

Tribunal greenlights R101m settlement, ending years-long legal battle between commission, Willowton

The Competition Tribunal has confirmed a consent agreement between sunflower seed crusher the Willowton Group and the Competition Commission, ending prolonged litigation between the parties since... 

Metso, UCT team’s tailings management solution wins first prize at mining innovation contest

The cross-disciplinary team of mineral processing technology company Metso and the University of Cape Town (UCT) took first place in the Mining Innovation and Research Battlefield competition held... 

Afrimat notes some improvement in conditions following tough first-half

JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025... 

Gautrain scales up bus services between Rosebank, Park stations amid train disruptions

The Gautrain has announced a significant scale-up of its bus services between the Rosebank and Park stations as a contingency measure following the suspension of train operations between these two... 

Amplats announces internal shareholding transfer as part of restructuring

As part of the next phase of the restructuring process, Anglo American has informed Anglo American Platinum (Amplats) that additional administrative adjustments have been made. The latest... 

Kilifi plant modifications to be completed this quarter, Marula says

Modifications to AQSE- and A2X-listed Marula Mining’s Kilifi manganese processing plant, in Kenya, remain on schedule to be completed in the first quarter, the company said on February 14. The work... 

Blencowe completes geotechnical drilling at Camp Lode deposit

London-listed Blencowe has successfully completed all geotechnical holes at the Camp Lode graphite deposit in Uganda, a key requirements for finalising mining design parameters. Logging and... 

Mashava assures that City Power is reviewing yearly tariffs

Johannesburg electricity utility City Power CEO Tshifularo Mashava has assured business customers in the city that the entity is working on reviewing the yearly electricity tariffs to cushion... 

Aveng warns of interim loss on Australia, Southeast Asia project challenges

The share price of JSE-listed Aveng fell by more than 31% on February 14 after the company advised that it was likely to report a loss a share of between A$0.253 and A$0.254 and a headline loss a... 

Underperforming BEV sales in Europe may benefit palladium demand

According to technology group Heraeus, last year saw modest growth in car sales within the EU, while the market share of battery electric vehicles (BEVs) declined. Heraeus reported on January 27... 

Nedbank report shows sharpest increase in fixed investment plans since 2021

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 

PwC predicts tax revenue shortfall in upcoming budget

When Finance Minister Enoch Godongwana delivers his Budget Speech on February 19, it is expected that reported tax revenues will be about R10-billion short of initial forecasts, auditing firm PwC... 

Macpherson voices his approval of PPP regulatory easements

Public Works and Infrastructure Minister Dean Macpherson has stated his approval of Finance Minister Enoch Godongwana’s amendments to Section 16 of the Public Finance Management Act, which will... 

December manufacturing production down 1.2% y/y, Stats SA reports

South Africa’s manufacturing production decreased by 1.2% year-on-year in December, according to a report by Statistics South Africa (Stats SA) released on February 11. The largest negative... 

Rome assures shareholders its DRC operations continue uninterrupted

In light of the ongoing security developments in the eastern Democratic Republic of Congo (DRC), Aim-listed Rome Resources has confirmed that drilling operations at its Bisie North site continue... 

Necsa ‘deeply saddened’ by board member death

The South African Nuclear Energy Corporation (Necsa) says it is “deeply saddened” by the passing of board member Senamile Masango on February 8. Masango was a Necsa board member since January 2020.... 

Agreement signed to develop R1.8bn rare earth, critical battery elements refining facility in Africa

South African multidisciplinary asset manager Novare and ReElement Technologies Corporation, a subsidiary of Nasdaq-listed American Resources Corporation, has announced a R1.8-billion rare earth... 

Mashatile, Chikunga mourn death of South Africa’s first black nuclear scientist

Deputy President and Human Resource Development Council (HRDC) chairperson Paul Mashatile and Minister in the Presidency responsible for Women, Youth, and Persons with Disabilities Sindisiwe... 

Macpherson welcomes completion of ‘the Dome’ to facilitate National Assembly sittings

Public Works and Infrastructure Minister Dean Macpherson has welcomed the completion of the Dome for National Assembly sittings ahead of the replies to the State of the Nation Address (SoNA) in... 

Two years later, South African engineers remain unlawfully imprisoned in Equatorial Guinea

South African engineers Frik Potgieter and Peter Huxham remain imprisoned in Equatorial Guinea, 730 days after their sudden and unlawful arrest, despite international rulings declaring their... 

SoNA was a ‘display of unity’, Mavuso says

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso believes Cyril Ramaphosa’s State of the Nation Address (SoNA) on February 6 was “a display of unity by the Government of National Unity...