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Clean energy critical minerals can transform sub-Saharan Africa, says IMF
17th May 2024 Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the potential to transform the region, the International Monetary Fund (IMF) states in its ‘Regional Economic... →
Seifsa, unions commit to addressing access to housing for sector employees
15th May 2024 The Metal and Engineering Industries Bargaining Council (MEIBC) negotiations have concluded with a 7% wage increase over the next year for entry-level workers in the metals and engineering industry and a 6% wage increase over the next year for skilled workers. Entry-level workers will receive a... →
Tshwane Automotive SEZ celebrates training of first cohort of youth
15th May 2024 The Tshwane Automotive Special Economic Zone (TASEZ) on May 14 celebrated the first cohort of 526 local youths trained in safety, health, environment and quality to participate in different parts of the automotive value chain. These skills were critical in all aspects of the automotive value... →
Calgro M3 issues maiden dividend, posts robust results
13th May 2024 Residential-focused property developer Calgro M3 has issued a maiden dividend of 9.49c a share after posting a record gross profit margin of 27.25% for the financial year ended February 29, and profit after tax increased to R196.8-million, up from R186.29-million in the preceding financial year.... →
Poultry association calls for vaccination to prevent H7N6 avian influenza outbreak
13th May 2024 The South African poultry industry is calling for immediate intervention to avert an outbreak of the H7N6 strain of highly pathogenic avian influenza (HPAI) that it is grappling with, following a year of significant losses, including the culling of 9.5-million birds. While traditionally reliant... →
Traxtion refurbishes, adds 5 Transnet class 39 locomotives to fleet of 60 in eight African countries
10th May 2024 Private rail operator and services company Traxtion has refurbished five class 39 locomotives it bought from State-owned Transnet at its workshop in Rosslyn, Gauteng. This is part of its fleet expansion to meet the growing demand of freight rail services in Africa. "Traxtion is preparing for the... →
Logistics, NEVs in focus for next phase of automotive industry growth
10th May 2024 Efficient logistics to move vehicles and automotive components up and down the value chain and adapting the local industry to new energy vehicles (NEVs) is crucial to shape the trajectory of the industry into the future, industry development agency Automotive Industry Development Centre (AIDC)... →
South Africa to host twelfth Africa Aerospace and Defence exhibition in Sept
10th May 2024 The Africa Aerospace and Defence (AAD) trade exhibition and air show will be held from September 18 to 22 at Air Force Base Waterkloof, under the theme of ‘Exploring new paths, sharing solutions, showcasing innovation and capability’. More than half of the available exhibition space has already... →
61% of organisations report cloud security incidents, up from 24% a year ago
10th May 2024 Cybersecurity firm Check Point Software Technologies' ‘2024 Cloud Security Report’ shows a critical surge in cloud security incidents, with 61% of organisations reporting significant disruptions, compared with 24% in 2023. This sharp rise underscores the risks associated with cloud environments... →
Despite challenges, Zim business environment offers investment opportunities
10th May 2024 Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an... →
TNPA issues RfP for Cape Town port liquid bulk terminal
10th May 2024 State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RfP) for the appointment of a terminal operator to acquire, operate, maintain, refurbish or build and transfer a liquid bulk terminal over a 25-year concession period at the Port of Cape Town. “The liquid... →
Unlocking social and environmental benefits through tailings retreatment
10th May 2024 The retreatment, or remining, of mine tailings can provide usable land, provide profits for companies and clean the environment by moving the reprocessed tailings to more advanced and well-managed facilities. Owing to changes in legislation, tailings need to be stored in facilities that are... →
Unlocking social and environmental benefits through tailings retreatment
10th May 2024 The retreatment, or remining, of mine tailings can provide usable land, provide profits for companies and clean the environment by moving the reprocessed tailings to more advanced and well-managed facilities. Owing to changes in legislation, tailings need to be stored in facilities that are... →
April transactions index increase welcome, but investors wait and see
8th May 2024 Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) increased by 0.6% month-on-month in April to reach an index level of 134.2, which is the highest level in eight months. While loadshedding, which has remained suspended since the end of March, may have... →
Absa launches non-banking subsidiary in China
8th May 2024 Financial services firm Absa has launched a non-banking subsidiary in China to fortify the economic links between Africa and the Asian country. The office will operate under a wholly foreign owned enterprise licence, which permits the financial institution to provide general advisory services to... →
Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination
8th May 2024 Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in... →
Zimbabwe aims to use FDI to develop a competitive economy by 2030
7th May 2024 Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments into key sectors of its economy to further develop the country by 2030. This objective is encapsulated... →
New rail-focused logistics organisation launched
7th May 2024 A new logistics industry body the Multimodal Inland Port Association (MIPA), formed by organisations in the transportation sector, has been launched to enhance logistics performance, reduce costs and boost efficiency. The association is dedicated to improving Southern Africa's supply chain.... →
Denel displays guided weapons, landward defence systems at Defence Service Asia
6th May 2024 State-owned defence technology company Denel is displaying its guided weapons and landward defence systems at the Defence Service Asia (DSA) exhibition this week. Its Umkhonto surface-to-air missile can be launched from naval vessels or ground-based launchers. It travels at more than twice the... →
Ransomware payments increase 500% in past year, attack rate falls slightly
3rd May 2024 The average payment for ransomware attacks has increased by 500% in the past year to $2-million, up from $400 000 in 2023, cybersecurity firm Sophos reports in its 'State of Ransomware 2024' report. Additionally, excluding ransom payments, the survey found the average cost of recovery reached... →
Woolworths launches regenerative farming practices campaign
3rd May 2024 Retail company Woolworths has launched a Farming for the Future campaign, with the aim of encouraging farmers to implement regenerative farming practices. By partnering with farmers who adopt restorative practices, Woolworths seeks to amplify its impact and foster a community of agricultural... →
Clean energy critical minerals can transform sub-Saharan Africa – IMF
30th April 2024 Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the potential to transform the region, the International Monetary Fund (IMF) states in its ‘Regional Economic... →
Sacci, Sakeliga pay tribute to Dr Sam Motsuenyane
30th April 2024 Business organisation the South African Chamber of Commerce and Industry (Sacci) has noted with sadness the passing of Dr Sam Motsuenyane, who “was a business leader par excellence”. "Motsuenyane played a seminal and pivotal role in organised business and was the most authoritative voice in... →
South African PGM miners overcoming challenges to build new mines
26th April 2024 South African platinum group metal (PGM) miners are overcoming challenges and building new mines locally, albeit in phases, to derisk some of these promising tier-one projects. PGM mining industry leaders, participating in a panel discussion as part of the PGMs Industry Day conference on April... →
Reunert to merge two of its subsidiaries
26th April 2024 JSE-listed electrical and electronic engineering group Reunert Group plans to merge its technology management and consulting firm IQbusiness and digital services firm +OneX subsidiaries into a single client-focused business that brings together their almost 1 500 team members. The intention is to... →
Changing business opportunities, challenges in Zimbabwe highlighted
24th April 2024 Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an... →
Debt transparency needed as opaque resource-backed loans hinder African development – Adesina
24th April 2024 African countries will pay $74-billion in debt service payments this year, which is a sharp increase from $17-billion in 2010, and the continent's economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future... →
Flanagan & Gerard, Vukile acquire Mthatha shopping centre for R800m
24th April 2024 Retail property specialist company Flanagan & Gerard Property Group and JSE-listed real estate investment trust Vukile Property Fund have jointly acquired the BT Ngebs City regional shopping centre, in Mthatha, for R800-million and each will hold an equal share. The companies will also undertake... →
TNPA issues RfP for Cape Town port liquid bulk terminal
24th April 2024 State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RfP) for the appointment of a terminal operator to acquire, operate, maintain, refurbish or build and transfer a liquid bulk terminal over a 25-year concession period at the Port of Cape Town. “The liquid... →
Cisco launches AI-powered Hypershield service to protect modern data centres
23rd April 2024 Networking and security multinational Cisco has launched its Hypershield service, which is a cloud-native, artificial intelligence- (AI-) powered approach to highly distributed security for AI-scale data centres that is built into the fabric of the network, says Cisco executive VP and security... →
Africa needs to build more oil infrastructure
23rd April 2024 Africa's mid- and downstream oil products supply infrastructure is ageing and suffers from a lack of investment, outdated policy frameworks and insufficiencies in regional, national and urban energy planning when compared with other regions across the world. Efforts have also not kept pace with... →
Balwin adds padel courts to Mall of Africa offering
22nd April 2024 JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of the courts will be covered and the venue will also host the first Balwin Padel Club, with amenities... →
Gates Foundation, EIB launch capital for women entrepreneurs pilot in Kenya
19th April 2024 Philanthropy organisation the Bill and Melinda Gates Foundation and development finance institution the European Investment Bank (EIB) have launched a €30-million microfinance programme for women entrepreneurs in Kenya. The new partnership aims to strengthen women’s economic power in Kenya by... →
Elections highlighted as a concern for SME owners, but also promise change
19th April 2024 Almost half, or 49%, of small and medium-sized enterprise (SME) business owners who responded to the Fourth Quarter 2023 SME Confidence Index by specialist SME financier Business Partners said they were concerned that the imminent risk of economic turbulence and protest action during the election... →
South Africa seeks to secure global plastics pollution treaty by balancing competing interests – Creecy
12th April 2024 South Africa will seek to secure a legally binding global plastics pollution and marine litter treaty in negotiations at upcoming global meetings by balancing competing demands, Forestry, Fisheries and the Environment Minister Barbara Creecy told the media on April 12. The Department of Forestry,... →
Woolworths launches regenerative farming practices campaign
12th April 2024 Retail company Woolworths has launched a Farming for the Future campaign, with the aim of encouraging farmers to implement regenerative farming practices. By partnering with farmers who adopt restorative practices, Woolworths seeks to amplify its impact and foster a community of agricultural... →
Attacq’s Nexus 1 building achieves EDGE, Green Star certification
12th April 2024 Real estate investment trust Attacq's Nexus 1 building, in Waterfall City, which also serves as its headquarters, has received Excellence in Design for Greater Efficiencies (EDGE) certification. Nexus 1 has become the first Green Building Council of South Africa (GBCSA) Green Star-certified... →
Companies unveil Kelvin power station carbon capture pilot project
12th April 2024 The 600 MW coal-fired Kelvin power station, in Isando, Ekurhuleni, has installed a 300 m3/h flue gas emissions capturing pilot project, which removes carbon dioxide (CO₂), nitrogen oxides and sulphur oxides to make sulphuric acid, ammonium sulphate and ammonium bicarbonate (ABC) crystals. These... →
Uber launches service for 13- to 17-year-olds in South Africa
11th April 2024 Digital mobility services company Uber has launched Uber Teen accounts in South Africa, which will enable youths aged 13 to 17 to hail rides, while their trips can be monitored and tracked with a suite of safety and security systems, Uber sub-Saharan Africa GM Kagiso Khaole announced on April 11.... →
PGM miners overcoming challenges to build new mines
11th April 2024 South African platinum group metal (PGM) miners are overcoming challenges and building new mines locally, albeit in phases, to derisk some of these promising tier-one projects. PGM mining industry leaders, participating in a panel discussion as part of the PGMs Industry Day conference on April... →
Reunert to merge IQbusiness, +OneX subsidiaries
10th April 2024 JSE-listed electrical and electronic engineering group Reunert Group plans to merge its technology management and consulting firm IQbusiness and digital services firm +OneX subsidiaries into a single client-focused business that brings together their almost 1 500 team members. The intention is to... →
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