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Cape Town makes significant gains in taking over PRASA service
Cape Town makes significant gains in taking over PRASA service
5th December 2024 By: Irma Venter

The City of Cape Town (CoCT) says it will have business plans in place by the middle of next year to take over the management of passenger rail services in the metro. This follows the city council’s adoption of the outcomes of a rail feasibility... 


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EIB commits $80m to Pembani Remgro Infrastructure Fund II
5th December 2024 By: Sabrina Jardim

The European Investment Bank (EIB) has committed $80-million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. The PRIF II... 


Schneider Electric sets goal of reducing suppliers' emissions by 50% by 2025
5th December 2024 By: Schalk Burger

Electricity and automation company Schneider Electric has set a goal of reducing the carbon intensity of its top 1 000 suppliers by 50% by 2025, Schneider Electric strategy and sustainability... 


Rising business insolvencies globally an emerging risk for directors – Allianz
5th December 2024 By: Schalk Burger

Global business insolvencies are expected to rise by 11% this year and countries accounting for more than half of global GDP will be hit by double-digit insolvency increases, says risk and... 


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Gauteng water crisis won’t be solved without infrastructure and demand interventions
Updated 3 hours ago By: Natasha Odendaal

Gauteng, South Africa’s most populous province and economic hub, eagerly anticipates a significant inflow of additional water in 2028 from the second phase of the Lesotho Highlands Water Project... 


Kraftblock co-founder and CEO Dr Martin Schichtel.
Mines urged to fill renewables gaps with green electrons from on-site waste heat
5th December 2024 By: Martin Creamer

Mines using renewable energy are being encouraged to harvest and store heat wasted during minerals processing and to then use its green electrons to close renewables intermittency gaps that come... 


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South Africa's current account deficit broadly unchanged in Q3
5th December 2024 By: Reuters

South Africa's current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product, central bank data showed on Thursday. In... 


SAA
South African Airways cancels some flights as pilots go on strike
5th December 2024 By: Reuters

South African Airways said it had cancelled flights to Perth and Sao Paulo on Thursday after receiving confirmation from the SAA Pilots Association that they planned to strike following a deadlock... 


Citi says deals from Gulf into Africa are keeping bankers busy
5th December 2024 By: Bloomberg

Rich investors from the Middle East are scouring Africa for deals in agricultural projects, critical minerals and renewable power, according to Citigroup. They’re looking at countries such as Kenya... 


Joint operation exposes illegal electricity operation near Fochville
4th December 2024 By: Sabrina Jardim

A collaborative operation involving State-owned Eskom’s Gauteng Distribution Security, the South African Police Service (SAPS), City Power and Eskom-contracted security personnel uncovered a... 


Eskom Group CEO Dan Marokane
Eskom outlines ‘aspirational’ generation vision in meeting with lawmakers
4th December 2024 By: Terence Creamer

Eskom Group CEO Dan Marokane has outlined an “aspirational” and largely unfunded new generation project pipeline to progressively replace its aged and polluting coal fleet. Having previously... 


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GuarantCo, BII partner to unlock $500m of new renewable power for South Africa
4th December 2024 By: Sabrina Jardim

GuarantCo – part of the Private Infrastructure Development Group (PIDG) – and UK development finance institution British International Investment (BII) expect to unlock $500-million of new... 


Dr Nombasa Tsengwa.
Exxaro places CEO on precautionary suspension with immediate effect
4th December 2024 By: Martin Creamer

Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent... 


Super Group to sell SG Fleet to Westmann Bidco for A$641.4m
4th December 2024 By: Darren Parker

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... 


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Fortress upgrades distributable earnings forecast to R1.78bn
4th December 2024 By: Sabrina Jardim

Real estate investment company Fortress Real Estate Investments has revised its distributable earnings forecast for financial year 2025 to R1.78-billion, representing 147.80c a share, a 16.9%... 


New study shows how batteries could reduce energy costs for commercial, industrial users
4th December 2024 By: Darren Parker

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... 


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Magazine round up | 29 November 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

NATIONAL SCOURGE: South Africa finally declared the spate of food poisonings that have led to the death of more than 20 children this year national disaster. The deaths have been linked to food bought from township spaza shops containing traces of chemical compounds used in insecticides. Until municipal refuse services are dramatically improved the use of such poisons to control pests will remain a deadly threat to vulnerable residents.
NATIONAL SCOURGE

South Africa finally declared the spate of food poisonings that have led to the death of more than 20 children this year national disaster. The deaths have been linked to food bought from township... 

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South Africa must move inventively and swiftly to recover lost ferroalloy ground

South Africa’s private sector a world-leading ferroalloy producer until the public sector performed so badly on the energy front that China took over that leadership using South African-mined raw... 

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Time to make IRP updating routine

After the false start of January when the draft Integrated Resource Plan 2023 (IRP2023) was released to much criticism and even incredulity, an effort is now under way to have a revamped IRP2024... 

Business Leader

Joseph Zinyana, CEO at New Age Engineering Solutions
Joseph Zinyana

This week we profile Joseph Zinyana, CEO at New Age Engineering Solutions, a structural, mechanical, electrical, instrumentation and process consulting firm 

HARD TO READ: The world has entered a most uncertain period, with hot wars in hot-spot regions having resurrected the spectre of nuclear conflict. Disinformation has played a role in several political disruptions and is undermining efforts to tackle global problems collectively, most notably the climate crisis. The ongoing geopolitical realignment has diplomatic heads in a spin, as does the prospect of President Trump 2.0.
HARD TO READ

The world has entered a most uncertain period, with hot wars in hot-spot regions having resurrected the spectre of nuclear conflict. Disinformation has played a role in several political... 

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

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WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

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Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

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Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

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