SA mulling new ways to unlock much-needed rail infrastructure investment

Amid existing initiatives to achieve the correct rail access pricing to make it economically viable for private rail operators to invest, provide services and help State-owned transport agency... 

MTN earns higher revenue from data, fintech growth in the third quarter

Mobile network operator MTN achieved a 12.9% increase in group revenue in constant currency terms, with data revenue having increased by 21.3% and financial technology (fintech) revenue by 28.9%... 

MTN SA, Huawei complete first 5.5G mobile network trial in South Africa

Mobile network firm MTN South Africa and information technology multinational Hauwei have, in a strategic partnership, completed the first 5.5G network trial in South Africa at the MTN Head Office,... 

Sustained investment in transport infrastructure to drive growth and competitiveness – SAICE

Given South Africa's significant infrastructure challenges, sustained investment in transport infrastructure is critical to drive economic growth and improve the quality of life for citizens, says... 

Teraco to build 40 MW JB7 data centre at Isando Campus

Data centre and information and communication technology (ICT) infrastructure company Teraco has started building a new 40 MW hyperscale data centre at its Isando Campus in Ekurhuleni, Gauteng. The... 

Economic transactions see modest rebound in October after weak September

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) showed a steady recovery in October, up 0.3% to 136.5, following September’s weaker performance of... 

Bidcorp increases trading profit by 10% in low food inflation environment

JSE-listed foodservice group Bidcorp, in an update to capital markets on November 12, said it had increased its trading profit by 10% for the four months ended October 31, on the back of a low food... 

DFFE team monitoring possible HPAI virus on Marion Island

The Department of Forestry, Fisheries and the Environment (DFFE) has said the Highly Pathogenic Avian Influenza (HPAI) virus is suspected to have reached Marion Island and is possibly responsible... 

Sanari invests R87.5m in power generation systems company Energenic

Private equity firm Sanari Capital has made an R87.5-million investment in power generation systems company Energenic to enable it to scale-up its business in Africa and South Africa. Energenic's... 

340 ha, mixed-use The Bridge urban development opened in Stellenbosch

The 340 ha mixed-use urban development precinct The Bridge was opened in Stellenbosch, in the Western Cape, on November 7. The Bridge represents a commitment to community-focused growth,... 

Teraco starts building 120 MW solar power plant to wheel power to its data centres

Information and communications technology infrastructure company Teraco has started construction of its 120 MW utility-scale solar PV power plant in the Free State, which is expected to come online... 

Raubex grows interim revenue and profit, declares dividend

JSE-listed construction materials and mining company Raubex has increased its revenue by 29.7% to R10.95-billion for the half-year period to end August, up from R8.45-billion in the comparable... 

BankservAfrica seeks transition to payments utility through SARB collaboration

Settlements and payments services platform BankservAfrica intends to transition into a national payments utility through a significant industry collaboration with the South African Reserve Bank... 

'Clear vision' for logistics reform encouraging – Mavuso

“The clarity of vision” provided by Transport Minister Barbara Creecy on what success in terms of logistics reforms looks like and what needs to be done to make progress in dealing with the... 

MSC Euribia arrives at Port of Durban, kicking off the port's cruise season

Cruise company MSC Cruises vessel the MSC Euribia arrived at the Port of Durban's Nelson Mandela Cruise Terminal on November 8, starting the port's cruise season, port agency Transnet National... 

Sephaku grows revenue, net profit in half-year to end September

JSE-listed building and construction materials company Sephaku Holdings (SepHold) has reported an increase in group consolidated revenue to R613.8-million for the six months to September 30, up... 

TNPA welcomes SH Diana, kicking off Port of Richards Bay cruise season

State-owned ports management agency Transnet National Ports Authority (TNPA) welcomed the British cruise line Swan Hellenic (SH) Diana passenger vessel to its shores through a strategic partnership... 

Partial collapse of Umbongintwini River bridge highlights need for infrastructure maintenance – CESA

The partial collapse of the Umbongintwini River bridge on the N2 southbound, in KwaZulu-Natal, highlights the urgent need for comprehensive infrastructure maintenance across South Africa, industry... 

Statue of King Shaka erected at airport

Airport management agency the Airports Company South Africa (ACSA) has welcomed the unveiling of a statue of King Shaka Zulu at the King Shaka International Airport, in KwaZulu-Natal, on November... 

Bolt commits €100m over three years to improve safety

Mobility and ride-sharing company Bolt will invest €100-million over three years to improve safety, develop new safety products and scale-up preventive measures. The company will also continue to... 

Humanoid robot serving as research platform launched at Stellenbosch University

The Stellenbosch University (SU) Department of Electrical and Electronic Engineering has launched a humanoid robotics research platform to showcase advanced robotics technology. The humanoid robot... 

FNB's 5-Star Green rated Portside building hosts Earthshot Awards 2024

Financial services firm FNB's 5-Star Green rated Portside building, which is the tallest building in Cape Town, hosted sustainability awards the Earthshot Prize Awards 2024 from November 4 to 7.... 

Fintech transforms African financial services, but funding costs are obstacle - EIB

Financial technology (fintech) companies in Africa have nearly tripled in number since 2020, improving access to finance for people and businesses across the continent, says development finance... 

dtic to engage on sugar tax, but industry must diversify and boost competitiveness

The Department Trade, Industry and Competition (dtic) will engage various government departments on the economic impact of the Health Promotion Levy (HPL) on Sugary Beverages, or sugar tax, said... 

dtic to support tooling, die and mouldmaking sector

Trade, Industry and Competition Deputy Minister Andrew Whitfield has said government will support the tooling, die and mouldmaking (TDM) sector as “the engine room of manufacturing”. He was... 

Growthpoint starts construction on second development phase at Cape Town industrial estate

Real estate investment trust Growthpoint has started construction on the second development phase of its Arterial Industrial Estate, in Blackheath, Cape Town. Arterial Industrial Estate is on a 71... 

Resolution Circle secures NSF grant for 700 students to attend its Work Integrated Learning Programmes

Skills development firm Resolution Circle has secured a grant from the National Skills Fund for 700 tertiary students to attend its Work Integrated Learning (WIL) programmes. Students from... 

Sandton City aims to procure wheeled renewable energy from IEP platform

Shopping centre Sandton City, in Gauteng, has announced its interest in procuring renewable energy over the Independent Energy Pool (IEP) platform through the development and deployment of wheeled... 

Gaia acquires stake in toll operator of N1, N4 highways

Infrastructure investment firm Gaia Fund Managers has acquired a 12.67% shareholding in the Bakwena Platinum Corridor Concession (BPCC) – the toll operator of the N4 highway and a portion of the N1... 

Pickup in growth expected, but South Africa's expenditure still largely for wages, debt

Insights, data and analytics provider BMI expects South Africa's economic growth to pick up from 1% this year to 1.5% in 2025 as improved energy supply, greater private-sector investment, slower... 

Same standards for imports, quality control needed to revitalise cement and construction

To achieve the economic growth necessary to tackle South Africa's very high levels of unemployment, it is vital that the public and private sectors collaborate in launching critical infrastructure... 

CCBA invests $50m in new bottling line in Namibia

Beverages multinational Coca-Cola Beverages Africa (CCBA) has invested $50-million in a new bottling line in Namibia, which will produce 27 000 bottles an hour. The upgrade will increase the... 

Standard Chartered, UK's BII renew $350m trade finance commitment in Africa, South Asia

Financial services firm Standard Chartered and UK development finance institution British International Investment (BII) have signed a $350-million risk participation agreement for the trade... 

Families appeal for clemency for two engineers after 634 days in Equatorial Guinea prison

The families of two detained South African engineers, Frik Potgieter and Peter Huxham, staged a peaceful protest outside Africa Energy Week at the Cape Town International Convention Centre, with... 

Genuine competition regulation will be bedrock for more equitable South Africa – Mavuso

South Africa’s competition landscape is under intense scrutiny following the Competition Tribunal’s recent decision to block telecommunications firm Vodacom’s R14-billion acquisition of a... 

Fuel prices to increase in November

Fuel prices are set to increase on November 6, with 93 octane and 95 octane petrol prices to increase by 25c/ℓ. Diesel with a sulphur content of 0.05% will increase by 21c/ℓ and 0.005% sulphur... 

South Africa should capitalise on its East and West trade ties – BLSA

Building a stronger economy is the best way for South Africa to prepare for any internal or external shocks. While this requires the country to successfully carry out reforms, South Africa is in a... 

Number of operational incidents on South Africa's railways increases

The Railway Safety Regulator's (RSR's) 'State of Safety Report 2023/2024' showed that there was a 12.82% increase in operational incidents from the prior year owing to new risks and trends, with 2... 

dtic invites comments on draft regulations blocking unwanted direct marketing communication

The Department of Trade, Industry and Competition (dtic) invites comments on the draft amended Regulations 4 of the Consumer Protection Act, which provides mechanisms to block unwanted direct... 

Despite slight dip, Absa PMI in expansionary territory, indicating rebound in manufacturing

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 52.6 points in October, following an upbeat closing of the third quarter at 53.3 points in September. Although this is a...