EAAIF invests $28m in Africell for digital infrastructure across four countries

Infrastructure projects blended finance firm the Emerging Africa and Asia Infrastructure Fund (EAAIF) has invested $28-million in the oversubscribed $300-million capital market maiden bond issue... 

Fuels Industry Association gets approval for uniform LPG cylinder deposit fees

Industry organisation the Fuels Industry Association of South Africa said the Competition Commission approved its implementation of uniform deposit fees for liquefied petroleum gas (LPG) cylinders,... 

IFC's investments in Africa grow 23% to $14.2bn in past year

Development finance institution the International Finance Corporation's (IFC's) investments in Africa totalled $14.2-billion in the past fiscal year, or 23% higher than the prior year, which is its... 

Medium-Term Budget's logistics, infrastructure focus to benefit mining, says Minerals Council

Minerals Council South Africa says it is encouraged by the focus in the Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana on October 30, on initiatives to... 

World needs development rethink - Unctad

Slow growth, high debt, weak investment and the risk of fragmented trade are contributing to widespread discontent affecting developed and developing nations. Multilateral action and a revised... 

ECDC rolling out R546m property refurbishment programme

Provincial agency the Eastern Cape Development Corporation (ECDC) is rolling out a R546-million refurbishment programme at its R1.37-billion rental investment property portfolio, which includes... 

Balwin expects better second half, with positive sentiment starting to materialise

JSE-listed residential property developer Balwin recorded a 28% year-on-year decline in revenue to R852.7-million and a 57% year-on-year decrease in profit to R76.9-million for the six months ended... 

CHIETA investments, programmes equipping artisans with digital, future-ready skills

Skills development organisation the Chemical Industries Education and Training Authority (CHIETA) has said it is equipping artisans and workers with future-ready skills, especially in AI, digital... 

Individual responsibility, whole-of-ecosystem approach important for industrial cyber resilience

Awareness of cybersecurity best practices by all employees and role-players and having a zero-trust mindset are important to protect infrastructure and industrial facilities and make them more... 

Mutual investment, regional value chains can support more African capital equipment manufacturing

African countries are pursuing localisation initiatives for some goods and products and the capital equipment manufacturing industry should focus on making investments in these countries to develop... 

Manufacturing's development, employment impact will depend on preparation

The potential developmental benefits from growing manufacturing's contribution to African countries' GDP and the associated growth in employment will only occur if countries and their industries,... 

Manufacturers in South Africa will adapt again in response to market dynamics, report shows

Almost all African and South African CEOs of listed manufacturing companies, or 97%, said they had changed their business models over the past five years and more than 40% expect to further change... 

Minerals Council's first Accommodation Newsletter details mine housing projects

Mining industry employer organisation Minerals Council South Africa has published the first edition of its Accommodation Newsletter, which highlights the interventions by, and projects of, member... 

Soleos Energy, Melci to build 200 MW solar PV plant in the DRC

India-based renewable energy development company Soleos Energy, in partnership with Democratic Republic of Congo (DRC) electrical engineering company Melci, will build a 200 MW solar PV power... 

Half of global GDP facing double-digit increase in insolvencies

Trade credit insurance company Allianz Trade's latest Global Insolvency Report points to a more severe outlook for the global business landscape, with insolvencies projected to increase by 11% in... 

Fibon to expand into wind, BESS and energy trading through Westbrooke partnership

Renewable-energy company Fibon has formed a strategic partnership with asset management firm Westbrooke Alternative Asset Management to expand its range of renewable-energy products and offerings.... 

Human skills digitally transform industries, enable greater technology adoption

It is not the lack of technology in Africa, but rather the lack of skills, that is reducing the ability of companies to adopt new manufacturing technologies, says special purpose machinery... 

Africa should embrace smart, advanced manufacturing to add greater value

Africa contributes about 2% of global GDP, but provides about 30% of global raw materials. However, if African manufacturers focus on adopting modern manufacturing technologies and creating smart... 

Business insolvencies to increase by 11% this year – Allianz

Trade credit insurance company Allianz Trade's latest 'Global Insolvency Report' points to a more severe outlook for the global business landscape, with insolvencies projected to increase by 11%... 

GoMetro awarded grant for six-month UK EV fleet management trial

Software-as-a-service fleet management company GoMetro has been awarded a £147 000 grant from the UK Freight Innovation Fund to finance a six-month trial with UK logistics companies Maritime... 

DFFE's first 100 days lays foundation for environmental stewardship and development

Forestry, Fisheries and the Environment Minister Dr Dion George and Deputy Ministers Narend Singh and Bernice Swarts have said that, while their first 100 days in office has been "a period of... 

YASA to take ten student placements for Formula Student 2025

Automotive manufacturer Mercedes-Benz subsidiary YASA has partnered with engineering competition Formula Student 2025 to inspire the next generation of automotive engineers. YASA has launched its... 

DFFE encourages South Africans to take e-waste to collection points

The Department of Forestry, Fisheries and the Environment (DFFE) encourages the public to recycle their e-waste and take unused electronics to their nearest e-waste collection points. International... 

Calgro M3 records lower revenue, higher earnings

JSE-listed residential estates and memorial parks developer Calgro M3 has reported a decrease in revenue to R507-million for the six months ended August 31, compared with revenue of R689-million... 

South African steel industry needs stable demand to be import-competitive for grid pylons

A study benchmarking the price of steel transmission grid pylon towers and what South African manufacturers can do to compete with Chinese and Turkish imports showed that "a bit of" stable demand... 

NEF invests R31m in Milkway Transport for truck fleet expansion

State-owned business support organisation the National Empowerment Fund (NEF) has invested R31-million in road freight logistics provider Milkway Transport to expand its fleet to 18 trucks and... 

International partners showcase South African JET projects in Mpumalanga

Denmark, France, Germany and the UK, which are all partner countries supporting South Africa's just energy transition (JET), have showcased a range of local, provincial and national projects and... 

Mpumalanga highlighted as centre of South Africa's just energy transition work

South Africa's transition to a sustainable energy ecosystem must also be just, with any negative impacts, such as the loss of jobs in coal mining and at coal-fired power stations in the surrounding... 

Broad recognition of need for, benefits of, metals industry's transition to a low-carbon pathway, but funding limited

Representatives of South Africa's metals and engineering industry and government have emphasised the need to transition the industry to a low-carbon pathway and discussed the benefits this would... 

Sustainable mining possible and necessary for global growth – Wanblad

The mining industry is experiencing a period of unprecedented and protracted change, and many in the mining industry are facing considerable challenges as many commodities are facing revenue... 

Tracker launches AI-powered OKgo to boost local supply chain visibility, optimisation

Vehicle tracking and telemetry company Tracker, in partnership with US-based AI-powered supply chain visibility and intelligence provider Roambee, has launched the OKgo solution to provide... 

Township Retail Investment Summit 2024 held to highlight township retail potential

The Township Retail Investment Summit (TRIS) 2024 event, held at Alex Mall, in Gauteng, highlighted the rising importance of township retail as a key driver for the country’s economic future.... 

Massive increase in exploration funding needed in South Africa

The R400-million fund for exploration in South Africa established by the Industrial Development Corporation and the Department of Mineral Resources and Energy (which is being split into the... 

South Africa must grow its manganese processing capabilities to capitalise on resources

South Africa mines less than 2% of global manganese and the mineral is abundant, but processed and beneficiated manganese products are critical and in demand, especially as most of the world's... 

Miners worry about South Africa’s lagging transition, looming electricity cost increases

South Africa is far behind in its work to transition to a carbon-neutral energy system by 2050, and the significant proposed electricity tariff increases being sought by State-owned Eskom could... 

Kwikot launches smart geyser system that is powered by solar PV and grid electricity

Commercial and industrial geyser and boiler manufacturer Kwikot on September 18 launched its new Elon Smart Water heating system – a smart geyser system that uses solar PV-generated electricity... 

South African electricity sector’s migration to multimarket structure under way

South Africa's energy market was liberalising and evolving, with State efforts to establish a stable and effective framework and moving at pace on energy transition matters, along with... 

South African electricity sector’s migration to multimarket structure under way

South Africa's energy market was liberalising and evolving, with State efforts to establish a stable and effective framework and moving at pace on energy transition matters, along with... 

Mainstream Renewable reaches financial close on 50 MW solar PV plant

Wind and solar energy company Mainstream Renewable Power has reached financial close on its 50 MW Ilikwa solar PV plant. Construction of the plant, located in the Free State, has already started... 

South Africa nominates Bajabulile Tshabalala for AfDB president

South Africa’s Cabinet formally endorsed development finance institution the African Development Bank (AfDB) senior VP Bajabulile Swazi Tshabalala as its nominee for the role of president of the...