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Cape Town makes significant gains in taking over PRASA service
Cape Town makes significant gains in taking over PRASA service
Updated 6 hours ago 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
Updated 5 hours ago 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
Updated 6 hours ago 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
Updated 6 hours ago 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... 


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... 


JHB skyline
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... 


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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... 


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... 


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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... 


Necsa's turnaround strategy delivers good results
4th December 2024 By: Rebecca Campbell

The South African Nuclear Energy Corporation (Necsa) generated better financial results and audit outcomes during the 2023/24 financial year, the State-owned entity has reported. It credited this... 


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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. 

DEBT LEAKAGE: The National Treasury plans to withhold funds from five municipalities over their unpaid water bills, with water boards currently owed R23.4-billion, more than 70% of which is four months overdue. The municipalities of Matjhabeng, Kopanong, Thabazimbi, Merafong City and Victor Khanye are set to be affected by the decision. However, national government is also helping to renegotiate repayment agreements between water boards and municipalities. Photograph: Bloomberg
DEBT LEAKAGE

The National Treasury plans to withhold funds from five municipalities over their unpaid water bills, with water boards currently owed R23.4-billion, more than 70% of which is four months overdue.... 

South Africa is duty-bound to win back lost ferrochrome market share

South Africa’s private sector once ruled the ferrochrome industry very convincingly, and rightly so, given this country’s chrome endowment and the major success it achieved in adding much value to... 

Photo of Terence Creamer
From crisis to . . .

It was fascinating to listen to Eskom chairperson Mteto Nyati outline, in a recent exchange with the Centre for Development and Enterprises’ Ann Bernstein, why he believed the latest turnaround... 

Business Leader

Henk Duys, Chairperson of Duys Engineering Group and director of Alton Duys Engineering, Aeroklas Duys, ATD Alliance, Tandem Equity, and three property-owning companies
Henk Duys

This week we profile Henk Duys, Chairperson of Duys Engineering Group and director of Alton Duys Engineering, Aeroklas Duys, ATD Alliance, Tandem Equity, and three property-owning companies  

TARIFF WALL: President Donald Trump did not build the wall on America’s southern border that he promised ahead of his first term. Nor did he get Mexico to pay for it. He seems strongly committed, however, to building a tariff wall during his second term. Such a strategy could be inflationary in the US and may also have global ramifications, potentially even triggering a costly trade war.
TARIFF WALL

President Donald Trump did not build the wall on America’s southern border that he promised ahead of his first term. Nor did he get Mexico to pay for it. He seems strongly committed, however, to... 

Showroom

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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VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

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M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

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Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

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