Buco opens new store as part of larger effort to grow its Gauteng presence

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg. The store, which had a soft opening about two months ago, was officially  declared open... 

South Africa signs pledge with Atlanta to drive US investment in South Africa

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 

$5.4tr investment in mining needed by 2035 to meet new energy demand – report

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 

Super Group to sell SG Fleet to Westmann Bidco for A$641.4m

Supply chain management and logistics company Super Group’s 53.58%-owned subsidiary SG Fleet has entered into a scheme implementation deed with Westmann Bidco, an entity owned and controlled by... 

New study shows how batteries could reduce energy costs for commercial, industrial users

In a newly released study, climate and energy strategy advisory firm Meridian Economics has determined that optimally sized batteries offer immediate opportunities for many commercial and... 

National Treasury notes Moody’s reaffirmation of South Africa’s junk status

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 

Bushveld Minerals’ CEO, chairperson resign

Embattled Aim-listed vanadium producer Bushveld Minerals has announced that independent nonexecutive chairperson Michael Kirkwood and CEO Craig Coltman have resigned from the board with immediate... 

Lucara sets 2025 sales guidance at up to 420 000 ct

Diamond producer Lucara Diamond Corp expects to sell between 400 000 ct and 420 000 ct in 2025 for a total diamond revenue of $195-million to $225-million. CEO William Lamb said in an operational... 

Kamoa-Kakula sets new monthly copper production record

The Phase 1, 2, and 3 concentrators at the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC) have set a new monthly production record in November, with TSX- and OTCQX-listed... 

Deadline for public comment on alcoholic beverages taxation discussion paper extended

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 

Major SABS cyberattack raises questions about entity’s leadership

The South African Bureau of Standards (SABS) has suffered a major ransomware cyber-attack, resulting in critical IT systems going down, Engineering News has learned. This is not the first time the... 

Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 

Africa enjoyed a 9% y/y increase in FDI in 2024, report shows

Africa recorded a 9% year-on-year increase in foreign direct investment (FDI) projects this year, albeit still 22% below prepandemic levels from 2019, EY Africa’s latest yearly ‘Africa... 

Mineral Sands Resources suspends operations at Tormin as it seeks funding

The business rescue practitioners (BRPs) of Mineral Sands Resources (MSR) are seeking funding solutions following an urgent claim from the Tormin mine’s post commencement funding (PCF) provider.... 

South32’s manganese rail infrastructure upgraded

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s... 

Regulations governing private participation in transmission network will be out early in 2025, Ramokgopa says

Electricity and Energy Minister Kgosientsho Ramakgopa is confident that regulations permitting private sector players to participate in the electricity transmission space will be finalised by the... 

Eskom, Indian power utility sign knowledge exchange MoU

Indian power generation company NTPC has signed a memorandum of understanding (MoU) with South African State-owned utility Eskom to exchange knowledge and collaborate on research and development... 

Botswana Diamonds gets environmental approval to drill in the Kalahari

Aim-listed Botswana Diamonds has received environmental authorisation from the Botswana Department of Environmental Affairs and the Ministry of Environment and Tourism to drill its two targets in... 

SAIA publishes auction information booklet to provide guidance to auctioneers, the public

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 

Durban Container Terminal receives first shipment of new rubber-tyred gantry crane components

The motor vessel United Heavy Lift Fresh berthed at the Durban Container Terminal (DCT) Pier 1 last week to deliver the first nine of 16 Liebherr rubber-tyred gantry crane (RTG) component batches.... 

Ariana identifies several additional opportunities at Zimbabwe project

Aim-listed Ariana Resources has identified several opportunities in the course of exploration being undertaken across the company’s 100% held Dokwe gold project, in Zimbabwe, focusing on areas for... 

Former gold mineworkers urged to check for eligibility for lung damage compensation

The Tshiamiso Trust has urged all former gold mineworkers and their families to check if they are eligible to lodge a claim to be compensated for permanent lung damage from silicosis or... 

Stefanutti remains commercially solvent but says its future is uncertain

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total... 

Barloworld optimistic of prospects for 2025, but cautions about impact of geopolitical risk

JSE-listed Barloworld reported a 7% year-on-year decline in revenue to R41.9-billion for the 12 months ended September 30. Barloworld group CEO Dominic Sewela said at its financial year-end results... 

Hulamin improves product quality with new hot-edge inductors from Primetals

Engineering and plant construction company Primetals Technologies recently signed the final acceptance certificate with aluminium producer Hulamin following the successful installation and... 

Sibanye-Stillwater’s R43m investment in Simulacrum training facility at UJ recognised at launch

Multinational metals and mining group Sibanye-Stillwater and the University of Johannesburg (UJ) have launched the Sibanye-Stillwater Simulacrum mining facility and the Sibanye-Stillwater Centre... 

TNPA issues RfI for tugboat clean fuels pilot project

State-owned Transnet National Ports Authority (TNPA) has published a request for information (RfI) for a strategic pilot project to use green and cleaner fuels for its selected diesel-operated... 

Hulamin improves product quality with new hot-edge inductors from Primetals

Engineering and plant construction company Primetals Technologies has recently signed the final acceptance certificate with aluminium producer Hulamin following the successful installation and... 

Exploration at Rome Resources’ DRC prospect reveals significant tin mineralisation

Aim-listed tin explorer Rome Resources has revealed that results from the first two of 12 diamond drill holes at its Kalayi tin prospect, in the North Kivu province in the Democratic Republic of... 

Testwork on Kasiya graphite yields encouraging results

ASX-, Aim-, and OTCQX-listed Sovereign Metals has reported encouraging initial results from traditional market downstream testwork conducted by independent consultancy ProGraphite, in Germany. The... 

Segele mine inaugurated in Ethiopia

Euronext- and Frankfurt-listed Akobo Minerals, alongside the Ethiopian government, has announced the official inauguration of the Segele mine, in the Gambella region. Ethiopian PM Abiy Ahmed joined... 

EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the... 

Protectionism not the answer to South Africa’s economic problems, CDE says

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 

Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius

According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road... 

Russian war machine funded by illicit gold trading, WGC report states

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 

Bushveld suspends trading after failing to secure funds

Vanadium producer Bushveld Minerals has suspended the trading of its shares on the Aim market of the LSE after it failed to secure additional funds to address its liquidity position. The company... 

Iron-ore prices to remain at about $100/t in 2025, BMI says

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 

Rand Water appoints Centre for Biological Control to assist with biocontrol on the Vaal river barrage

The Department of Water and Sanitation (DWS) has designated Rand Water as the implementing agent for managing invasive alien plants on the Vaal River Barrage Reservoir (VRBR). These plants include... 

Lobito Atlantic Railways takes delivery of 275 new container wagons

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway... 

JSE censures, bans, fines Thabi Leoka

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of...