New capstans to improve productivity at Durban, Cape Town ports

State-owned Transnet National Ports Authority (TNPA) has completed the replacement and installation of 37 capstans in its four dry-dock facilities to enhance productivity at its largest and busiest... 

Renergen's JSE share price rises on liquid helium production update

Liquefied natural gas (LNG) and liquefied helium company Renergen has announced that its liquid helium production train is now fully operational and accumulating liquid helium inventory for sale to... 

Afreximbank will double intra-African trade financing to $40bn by 2026

Trade finance institution the African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from $20-billion in 2021 to $40-billion by 2026, Afreximbank Global Trade... 

South Africa must focus on export competitiveness – Mavuso

South Africa must develop industrial policies that build the international competitiveness of its export industries, including by enabling small businesses that could be exporting much more,... 

First solar façade skyscraper at Fairvest-owned property completed

Energy company Energy Partners has completed a project at property investment company Fairvest's Metalbox skyscraper in Auckland Park, Johannesburg. The property now features a building-integrated... 

Woolworths to invest further R17.5m in renewable-energy projects

Retail group Woolworths will make a further R17.5-million worth of investments in renewable-energy projects, which are projected to have a payback period of four to five years. The investment... 

Vista completes acquisition of Banco SocGen Moçambique

Financial services firm Vista Group has completed its acquisition of 100% of Banco Société Générale Moçambique, which has eight branches and will be renamed Vista Bank Moçambique. The acquisition... 

Infrastructure repair can support large-scale industrialisation, says Seifsa

Infrastructure investment can unlock demand for the metals and engineering (M&E) sector, which has markets in the mining, agriculture, construction, automotive, logistics, water and the energy... 

HSF appoints Patrick Hirsch as Projects, Energy, and Infrastructure partner in Johannesburg

International law firm Herbert Smith Freehills (HSF) has appointed Patrick Hirsch as a partner in the Projects, Energy and Infrastructure (PEI) team based in its Johannesburg office. Hirsch, who... 

MTN reports resilient underlying performance despite swinging to interim losses

JSE-listed telecommunications company MTN expects to report a loss a share of between R3.83 and R4.34 and a headline loss a share of between R2.17 and R2.71 for the six months ended June 30. This... 

JSE's first-half operating income up 4% y/y

Local bourse the JSE reported 4.2% growth in operating income underpinned by increasingly diversified revenue streams in its half-year results to June 30. Its diversified business segments' and... 

TNPA reports steady progress on 24-month Port of Durban road upgrade project

State-owned Transnet National Ports Authority (TNPA) has reported steady progress of the road rehabilitation project at the Port of Durban to improve access to facilities and reduce delays caused... 

32 000 young people participate in this year's Coding4Mandela event

This year's #Coding4Mandela event, hosted by coding education company Tangible Africa, attracted 32 000 young participants from across Africa and Southeast Asia. The participants, operating from... 

Ford, Bridgestone set 916 km record on single-charge EV

Hypermiler drivers Kevin Booker and Sam Clarke have broken the Guinness World Records title for the longest journey, of 916.74 km, by an electric car on a single charge. They achieved this record... 

AIIM's final close of infrastructure-focused AIIF4 fund exceeds $748m target

Infrastructure equity management company African Infrastructure Investment Managers (AIIM) has achieved the final close of its fourth pan-African infrastructure fund African Infrastructure... 

Energy leadership programme trains women executive and managers to be energy leaders – EWSETA

More than a hundred women in leadership positions in the energy sector have graduated from the Women Leading in the Energy Sector (WLES) training programme, helping to bridge the gender gap in the... 

Financial literacy unlocks financial security, economic mobility – FSCA exec

The fifth Money Smart Week South Africa will provide free financial education, as financial literacy unlocks economic mobility and enables people to achieve financial stability and secure their... 

Mpact declares dividend, remains resilient in tough environment

JSE-listed paper and plastics packaging business and recycler Mpact saw revenue decrease by 1.1% to R6.17-billion during the half-year period to June 30, down from R6.24-billion in the comparable... 

TNPA issues RFP for 3 MW solar plant for Port of East London

State-owned Transnet National Ports Authority (TNPA) has published a request for proposals (RFP) for the development of a 3 MW solar power plant at the Port of East London. This forms part of... 

Stolen credentials most prevalent initial cyberattack vector in South Africa

In South Africa, stolen or compromised credentials was the most prevalent initial attack vector representing 17% of breaches, said information technology company IBM in its '2024 Cost of a Data... 

Reliable service, customer experience, price the main drivers for consumer choice

The 'South Africa Customer Experience (CX) Report 2024' shows that 71% of consumers, even during the cost-of-living-crisis, prioritise a reliable service or product offering that they can depend on... 

Africa could see 3.3m new jobs across 12 green sectors by 2030 – report

An estimated 3.3-million new, direct jobs could be created across 12 green subsectors in Africa by 2030, a report published by staffing specialist company Shortlist and development agency FSD... 

Scatec sells stake in 8.5 MW Rwanda solar power plant to Fortis Green Fund

Renewable energy developer Scatec has sold its 54% equity stake in the the 8.5 MW solar power plant in Rwanda to Fortis Green Fund and Axian Energy Green for $1.38-million. Scatec has also exited... 

Tongaat Hulett's appeal of levies to the detriment of sugarcane growers – SA Canegrowers

Sugar producer Tongaat Hulett's business rescue practitioners said they had been granted the right to appeal a December 2023 decision by the Durban High Court that the company had to pay... 

Mondi reports robust half-year performance despite drop in Ebitda

Packaging and paper producer Mondi delivered a robust performance in the first half of this year on the back of improving market conditions, although its underlying earnings before interest, taxes,... 

Red Rocket completes Brandvalley wind turbine installations

Renewable energy power producer Red Rocket Energy has installed the 32 main turbines at the Brandvalley Wind Farm. All 32 Vestas V150-4.5MW wind turbines have been installed 17 months after... 

Cassava launches AI business unit for its emerging markets

Developing markets technology systems integrator Cassava Technologies has announced that its AI activities will operate as a separate business unit Cassava AI. Cassava AI is headquartered in London... 

Adams & Adams appoints Stuart Boyd as COO

Law firm Adams & Adams has appointed Stuart Boyd as its new COO. He will be responsible for overseeing the firm's operational functions and ensuring it remains at the forefront of innovation and... 

Mpact acquires equity stake in Africa Tanks, sells Versapak business

Paper and plastics packaging and recycling business Mpact has acquired a strategic equity shareholding in vertical tank manufacturer Africa Tanks to mitigate against drought, watershedding and... 

ATNS reports progress in instrument flight procedure maintenance programme

Air traffic management agency Air Traffic Navigation Services (ATNS) says it is making progress in the ongoing instrument flight procedure maintenance programme, which needed to be carried out as... 

Airlines Association calls on Creecy to address disruptions to air travel

Industry organisation the Airlines Association of Southern Africa (AASA) has called on Transport Minister Barbara Creecy to intervene and ensure that avoidable failures affecting air travel are... 

dtic aims to support local industries to increase manufacturing capacity, volumes – Whitfield

The Department of Trade, Industry and Competition (dtic) will support local industries to increase their manufacturing capacity and volumes, enhance their competitiveness and identify suitable... 

Construction of Nordex's Jeffreys Bay wind turbine concrete tower factory stimulating region

Wind energy company Nordex Energy South Africa, which is building a new wind turbine concrete tower factory in Jeffreys Bay, says the ongoing construction is benefitting the region. “The... 

Business proposes public dashboard to boost implementation of govt commitments – Mavuso

Business organisation Business Leadership South Africa's (BLSA's) member companies have suggested the development of a public accountability system that tracks and publishes progress on key... 

Only 300 000 Eskom prepaid meters still to be precoded before November deadline

State-owned power utility Eskom says 6.6-million out of its 6.9-million prepayment meters have successfully been precoded to ensure that customers will be able to continue to seamlessly buy... 

Association again adjusts lemon export figures downwards

Although the lemon season is drawing to a close, and some areas have finished packing, feedback from the remaining harvesting areas has necessitated a further downward adjustment of the overall... 

Simandou to be transformative for Guinea – law firm

The successful development of the Simandou iron-ore project will have a transformative impact on the Guinean economy and its people and bring green solutions to the steelmaking industry in China... 

LHM manufactures seven traction transformers for PRASA

Transformer manufacturer LH Marthinusen (LHM) has manufactured and supplied seven traction transformers for the Passenger Rail Agency of South Africa’s (PRASA's) key line restoration project. Six... 

South Africa's population increases above 63-million

South Africa’s population is estimated to have increased to 63.02-million this year, with the female population accounting for 51%, or about 32.13-million, of the population, according to... 

Sibanye welcomes nature-related disclosure guidance for the mining sector

Multinational mineral and metal processing group Sibanye-Stillwater has welcomed the nature-related reporting organisation Taskforce on Nature-related Financial Disclosure (TNFD) sector guidance...