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Sabrina Jardim
Sabrina Jardim is a Creamer Media Online Writer for Engineering News and Mining Weekly.
ESG key as investors back gold ETPs, metals funds – Tabula
17th May 2024 Gold exchange-traded products (ETPs) and metals funds are expected to benefit the most from positive flows into the commodities sector this year, with an environmental, social and governance (ESG) focus crucial to maximising inflows, research from European exchange-traded fund provider Tabula... →
BevCo acquisition expected to drive competition in the local market
17th May 2024 New Delhi-based multinational Varun Beverages says its acquisition of South African entity BevCo and its subsidiaries, valued at close to R3-billion, is set to expand its African footprint and bring global expertise to a market characterised by growing consumer sophistication and demand for... →
Tshwane’s first separation-at-source project in a public space signals success
17th May 2024 A separation-at-source recycling campaign, called S@S, at Tshwane’s public Fountains Valley Resort – a collaboration between the City of Tshwane and producer responsibility organisation Petco – is being described by officials as a success, with plans to extend it to other resorts and public areas... →
Hummingbird says Corica restarts operations at Kouroussa
17th May 2024 Aim-listed Hummingbird Resources has reported the remobilisation of mining services provider Corica Mining Services at the Kouroussa gold mine, in Guinea. Corica in March suspended work at the mine following a dispute with Hummingbird about certain payments, which it believed it was due. →
Tenth Africa Prize for Engineering Innovation finalists revealed
17th May 2024 Four innovators from Kenya, Côte d'Ivoire and Uganda – whose innovations address recycling in construction, AI tools for healthcare and farming, and reengineered waste collection – have been selected from a shortlist of 16 to compete for this year’s £50 000 Africa Prize for Engineering... →
Mining-focused manufacturers see innovation as key to survival and future growth
17th May 2024 Amid the challenges of loadshedding, logistical constraints and volatile commodity prices, South Africa’s mining-focused manufacturers and equipment suppliers view ongoing innovation, including embracing digitalisation and artificial intelligence (AI), as increasingly central to their survival... →
Mining-focused manufacturers see innovation as key to survival and future growth
17th May 2024 Amid the challenges of loadshedding, logistical constraints and volatile commodity prices, South Africa’s mining-focused manufacturers and equipment suppliers view ongoing innovation, including embracing digitalisation and artificial intelligence (AI), as increasingly central to their survival... →
Alley Roads’ Riverstone Mall kickstarts R600m development injection for Meyerton
16th May 2024 Property developer Alley Roads has unveiled Riverstone Mall in Meyerton – its first retail development currently under construction – as part of its pipeline of 175 000 m2 of retail space earmarked for township and peri-urban areas across South Africa. The development of the R370-million mall,... →
Eskom says key revision number rollover project on track
16th May 2024 State-owned Eskom says its key revision number rollover project is progressing well, with 3.61-million, or 52%, of the 6.9-million prepayment meters already recoded as of May 15. The main Eskom meter recoding project in all the nine provinces started in August 2023 after a successful pilot in... →
UN Global Campaign for Road Safety launched in South Africa
15th May 2024 In support of national and local authorities’ road safety initiatives, the UN Secretary-General's Special Envoy for Road Safety Jean Todt, in partnership with outdoor advertising company JCDecaux, on May 15, launched the UN Global Campaign for Road Safety under the hashtag #MakeASafetyStatement.... →
Dipula reports improved metrics, hones in on solar
14th May 2024 JSE-listed real estate investment trust Dipula Income Fund has reported improved operational and financial metrics, as well as strategic gains in a period that marked the first phase of its new solar PV initiative roll-out for the six months ended February 29. Dipula’s revenue grew by 9% and its... →
EWSETA, partners to advance women in electrical, renewable energy fields in Limpopo
13th May 2024 The Energy and Water Sector Education and Training Authority (EWSETA), the US Agency for International Development (USAID) – in support of Power Africa, a US government-led partnership – and the United Nations Development Programme (UNDP) South Africa, launched Phase 2 of the Just Energy... →
Tirupati urges shareholders to vote against replacing the board with new directors
13th May 2024 London-listed specialist flake graphite producer Tirupati Graphite has asked shareholders to vote against resolutions brought by a group of shareholders seeking the removal of chairperson and MD Shishir Poddar, joint-MD Puruvi Poddar and Alastair Bath from office as directors of the company and... →
Ardagh installs technology to improve air-quality around Wadeville facility
10th May 2024 Glass producer Ardagh Glass Packaging–Africa has installed an electrostatic precipitator (ESP) at its Wadeville production facility. An ESP is a device used to filter particulate matter from gases. Ardagh uses ESPs to remove dust and smoke before they are released into the atmosphere, allowing... →
South Africa avoids technical recession despite challenges – Deloitte
10th May 2024 With unemployment, loadshedding and a weak economy being front-line issues in the upcoming elections, the incoming administration must drive investment and reform to restart growth, build confidence and help South Africa’s economy meet its potential, says advisory firm Deloitte. In its May 2024... →
Drakenstein municipality completes audit, resets prepaid electricity meters
10th May 2024 Drakenstein municipality, covering Paarl, Wellington, Mbekweni, Gouda, Saron, Hermon and Simondium, in the Western Cape, has completed the formal auditing process of prepaid electricity meters of municipal customers in Drakenstein. There are now only a few meters outstanding in the area which the... →
Balwin seeks to broaden access to padel in South Africa
10th May 2024 Balwin Padel, a division of JSE-listed property developer Balwin Properties, opened four new padel courts at its Thaba Eco Lifestyle Centre, in Gauteng, at the end of April. The sports centre now has six padel courts available to residents of the Thaba Eco Estate and to the public. Players can... →
Unctad calls for innovative investment strategies
10th May 2024 Amid the complex landscape of global foreign direct investment (FDI), the United Nations Conference on Trade and Development (Unctad) has called for innovative investment strategies to foster inclusive and sustainable economic growth. In its report titled ‘Global Economic Fracturing and Shifting... →
South African companies struggling to keep pace with e-commerce growth
9th May 2024 While the cost of doing business is increasing, as companies grapple with ad hoc systems, legacy technology, skills gaps and poor infrastructure, global e-commerce companies with a “wealth of know-how” are rapidly intensifying competition. Hence, the influx of best-in-class global players into... →
Underspending on repairs, maintenance impacting on Joburg infrastructure – JoburgCAN
9th May 2024 Following a decade of underspending on repairs and maintenance on infrastructure, JoburgCAN, an initiative of the Organisation Undoing Tax Abuse (Outa), says it is “gravely concerned” over the budget allocations for the maintenance of fixed assets in the City of Johannesburg’s draft budget for... →
South African company comes second in Milken-Motsepe Prize in Green Energy competition
7th May 2024 The Milken Institute and the Motsepe Foundation have announced Aftrak and Omnivat as winners of the Milken-Motsepe Prize in Green Energy – a $2-million innovation competition to reward entrepreneurs working to expand access to reliable, affordable and sustainable offgrid electricity in Africa.... →
Atlantic achieves positive drilling results at Ewoyaa target
7th May 2024 Africa-focused lithium exploration and development company Atlantic Lithium has reported that initial assay results from the drilling completed so far this year at its Ewoyaa project, in Ghana, have delivered impressive intersections, providing confidence in the growth potential of the current... →
Attacq subsidiary acquires remaining 20% stake in Mall of Africa
7th May 2024 JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury Group. AWIC already held an 80% stake in the asset. →
Growth in platinum jewellery demand continues in most key markets
6th May 2024 In its latest Platinum Jewellery Business Review (PJBR) for the fourth quarter of 2023, marketing organisation Platinum Guild International (PGI) has reported that India’s jewellery market maintained its robust growth during the final quarter of last year, while Japan enjoyed modest gains, and... →
Coordinated, rapid plan needed to avoid ‘gas cliff’ – Mavuso
6th May 2024 In her latest weekly newsletter, Business Leadership South Africa CEO Busisiwe Mavuso warns that South Africa could face a “gas cliff” when the supply of gas to industrial users ceases in 2026. In the May 6 newsletter, she says this is a crisis for businesses that collectively employ 70 000... →
DTPC launches Dube TradeZone 2, attracts R1.8bn in private investment
6th May 2024 KwaZulu-Natal provincial entity Dube TradePort Corporation (DTPC) has launched its Dube TradeZone 2 – the second phase of the industrial precinct and special economic zone (SEZ) adjacent to the King Shaka International Airport. Dube TradeZone 2 has, to date, attracted R1.8-billion in... →
Wind energy critical to bolster energy capacity – SAWEA
3rd May 2024 Despite recent efforts to bolster electricity generation capacity, the path to energy security remains full of obstacles. The integration of renewable energy, particularly wind power, is critical to these efforts, says the South African Wind Energy Association (SAWEA). →
SAB launches talent programme, invites young graduates to apply
3rd May 2024 Against the backdrop of a high unemployment rate among South Africa’s youth, beermaker South African Breweries (SAB) has launched the first edition of its SAB Talent Challenge. The SAB explains that the programme aims to turn “traditional talent attraction practice on its head through this... →
West Wits to raise A$1.4m
3rd May 2024 To strengthen its balance sheet and fund its ongoing operations, ASX-listed West Wits Mining has secured firm commitments from unrelated existing and new sophisticated and professional investors to raise A$1.4-million, before costs, through a share placement. It intends to issue about... →
Motus CEO to retire in October
3rd May 2024 Osman Arbee will be retiring as CEO of automotive group Motus, with effect from October 31, and will be succeeded by the group’s CFO Ockert Janse van Rensburg, with effect from November 1. Having joined Imperial Holdings in September 2004, Arbee’s career with the group has spanned 20 years. He... →
IIoT seen mitigating illegal connections to mains electricity
3rd May 2024 Illegal connections are one of the leading causes of electricity-related injuries and deaths in South Africa, while also posing a risk of fires and electrocutions in communities. It also adds to the costs incurred by power utilities and municipalities and, in turn, impair their ability to provide... →
Diamcor announces C$1.5m private placement
2nd May 2024 Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing will be subscribed to by existing larger shareholders, management and directors. The company says... →
RAF launches campaign to deal with unfinalised claims
2nd May 2024 Amid a current backlog of around 321 000 unfinalised claims, the Road Accident Fund (RAF) has launched a campaign to reduce claims submitted before April 2021 that have yet to be finalised. The campaign calls claimants to submit all outstanding documents to ensure that the RAF has all the... →
Rand Refinery donates R2m to seven Gauteng schools
29th April 2024 As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be allocated towards refurbishments at, and procurement of modern educational tools by, the selected schools. →
Without rooftop solar investments, loadshedding would be worse, study shows
29th April 2024 Amid the energy challenges facing South Africa, residential solar energy company GoSolr says radical steps must be taken to secure the country’s energy supply and notes that solar energy will have a key role to play in ensuring security of supply. In its inaugural quarterly solar update, or... →
Coca Cola’s Namibia recycling partnership turns bottles into brighter futures
26th April 2024 An investment of more than $1.2-million through a partnership between Coca-Cola Beverages Africa (CCBA) and plastic packaging company Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja, Namibia. The plant is expected to double the... →
Standard Bank mobilises debt fund to support sustainable infrastructure in Africa
26th April 2024 Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export Finance Fund I, which seeks to invest in climate-aligned and sustainable infrastructure projects in... →
Tetra Pak’s Pinetown plant reopened after R500m upgrade
26th April 2024 Food processing and packaging solutions company Tetra Pak has reopened its newly renovated factory in Pinetown, KwaZulu-Natal, following an investment of about R500-million. The investment was directed towards upgrading and expanding the production capabilities of the Pinetown facility, which... →
Perseus expects strong operating performance to continue
24th April 2024 ASX- and TSX-listed Perseus Mining has reported gold sales of 115 648 oz in the March quarter – a 19 489 oz decrease on sales in the December 2023 quarter, owing to the timing of gold sales. The weighted average gold price realised was $2 025/oz, $62/oz more than the December 2023 quarter price... →
Ironveld enters facility agreement with Tracarta
24th April 2024 Aim-listed mining development company Ironveld has entered into a further working capital loan facility agreement with shareholder Tracarta, in which Ironveld chairperson John Wardle has a beneficial interest. The facility agreement enables the company to draw down up to £125 000 on equivalent... →
Dr Surinder Ghag appointed Sovereign chief technology officer
23rd April 2024 Aim- and ASX-listed Sovereign Metals has appointed graphite and battery anode specialist consultant Dr Surinder Ghag as chief technology officer of graphite. Ghag will assist Sovereign's graphite strategy in qualifying the graphite product from its Kasiya rutile/graphite project, in Malawi, for... →
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