WFDB lauds Luanda Accord

Association the World Federation of Diamond Bourses has expressed its full support for the Luanda Accord, the agreement reached among major diamond-producing countries and trading centres to fund... 

JUWI, JA Solar sign solar panel deal for projects supplying power to Sasol, Air Liquide and Glencore

Renewable energy company JUWI Renewable Energies has signed two solar module supply agreements with JA Solar, a manufacturer of high-performance PV technology. The deal is for nearly 420 000 solar... 

Construction under way on Growthpoint’s Sandton drive Link Bridge

JSE-listed real estate investment trust Growthpoint Properties says construction has started on the Sandton drive Link Bridge. This bridge will provide a direct pedestrian route over Sandton drive... 

PIC, BII sign MoU to collaborate across Africa

Asset manager the Public Investment Corporation (PIC) and UK’s development finance institution and impact investor British International Investment (BII) have signed a memorandum of understanding... 

Absa CIB supports FE Overberg wind project with R1.6bn funding

Financial services provider Absa Corporate and Investment Banking (CIB) is providing R1.6-billion in facilities to FE Overberg for Phase 2 of the FE Overberg wind project in the Western Cape.... 

Caledonia reports above-expectation drilling results at Zimbabwe mine

Zimbabwe-focused Caledonia Mining has reported further encouraging high-grade results from the ongoing resource expansion drill programme at its 64%-owned Blanket mine. Results from 6 976 m of... 

Everjoy Ngomamiti appointed Kavango mining operations GM

London-listed Kavango Resources has appointed Everjoy Ngomamiti as mining operations GM, effective immediately. He joins Kavango from dual-listed Barrick Mining Corporation, where he was mining... 

Engineers Frik Potgieter, Peter Huxham released from detention in Equatorial Guinea

South African engineers Frik Potgieter and Peter Huxham, who had been detained in Equatorial Guinea since February 9, 2023, have been released and are back in South Africa, their families confirmed... 

SAREM presents opportunities for skills development, local manufacturing

The South African Renewable Energy Masterplan (SAREM) is expected to drive localised manufacturing and skills development within South Africa and can also provide a blueprint for the rest of the... 

WPIC outlines investment cases for platinum as structural deficit persists

Supply is continuing to lag demand in the platinum market, leading to a structural deficit, and this presents a compelling investment case, industry organisation the World Platinum Investment... 

ZCCM’s earnings bolstered substantially by Mopani SEP transaction

Diversified mining investments and operations company ZCCM Investments Holdings’ earnings per share (EPS) for the year ended December 31, 2024, are expected to be about 1 077% higher year-on-year.... 

Gemfields’ Mozambique processing plant delayed

Gemstone miner Gemfields says final completion of its subsidiary Montepuez Ruby Mine’s (MRM’s) second processing plant (PP2), in Mozambique, has been delayed to September. The tailings belt... 

Vision Sugar launches leadership roadshow

New African-led agribusiness Vision Sugar has launched a leadership roadshow to engage stakeholders in South Africa, Zimbabwe, Mozambique and Botswana. Vision Sugar was formed through the... 

Redefine signs wheeling agreement with renewable-energy utility NOA

JSE-listed Property group Redefine Properties has signed a renewable energy supply agreement with integrated renewable energy utility NOA to support its decarbonisation efforts through wheeling,... 

DHL investing considerably into Middle East, African operations

Multinational logistics company DHL Group is investing over €500-million in the Middle East, with the company seeing significant potential especially in the fast-growing Saudi Arabia and United... 

Uncertainty arises about electricity traders’ access to virtual wheeling over Eskom’s network

The indication by State-owned utility Eskom that virtual wheeling is not yet available to licensed electricity traders is “surprising and disappointing”, EE Business Intelligence MD Chris Yelland... 

Technology company nearing commercialisation of its hydrogen technology

Hydrogen technology company Hydrox Holdings is progressing the development of its pioneer Divergent-Electrode-Flow-Through (DEFT) hydrogen technology, a membrane-less electrolyser, with the company... 

Stellenbosch University launches biotechnology laboratory for startups

Stellenbosch University (SU) has announced the opening of the LaunchLab CERIBIO, a biotechnology laboratory for biotechnology startups. The initiative aims to accelerate the local biotechnology... 

Stakeholders propose options for ailing Steel Master Plan

The Portfolio Committee on Trade, Industry and Competition on June 4 held an engagement with stakeholders in the steel industry regarding the progress and outcomes of implementing the Steel Master... 

Kearney report shows challenges, opportunities for South Africa

The global economy is heading into uncharted territory, global consulting partnership Kearney’s ‘Global Economic Outlook 2025-2027’ report shows. The report investigates the world adjusting to... 

Wesizwe shares suspended over delay in publishing financials, reports

JSE-listed Wesizwe Platinum’s shares have been suspended owing to its inability to publish its Audited Annual Financial Statements (AFS) and Integrated Annual Report (IAR) incorporating the notice... 

Redefine signs wheeling agreement with NOA

JSE-listed Property group Redefine Properties has signed a renewable energy supply agreement with integrated renewable energy utility NOA to support its decarbonisation efforts through wheeling,... 

Hudaco to acquire Flosolve Business

JSE-listed Hudaco Industries has signed an agreement with Flosolve to acquire its trading assets and liabilities, with effect from June 1. The purchase consideration will be based on the yearly... 

RFA commemorates 50 years

Industry organisation the Road Freight Association (RFA) held its yearly Convention from May 23 to 25, in KwaZulu-Natal, a forum for industry discussion and strategic planning and to commemorate... 

Harena makes board changes

Stephen Weir has joined the board of London-listed Harena Resources as a nonexecutive director with immediate effect. In conjunction with his appointment, Joe Belladonna will transition from his... 

South32 completes divestment of Metalloys smelter

Globally diversified metals and mining company South32’s subsidiary, Samancor Manganese, has completed the divestment of the Metalloys manganese alloy smelter to Menar Capital-owned entity... 

AngloGold Ashanti to sell Brazilian mine

Gold miner AngloGold Ashanti has agreed to sell its interest in Mineração Serra Grande mine (MSG) in Goiás, Brazil, to mid-tier gold and copper producer Aura Minerals. The company will sell MSG to... 

Mantengu achieves record full-year growth

JSE-listed Mantengu Mining achieved revenue growth, improved profitability and key operational milestones for the financial year ended February 28, despite external challenges, including volatile... 

Mantashe visits Orion’s developing Northern Cape mine

Mineral and Petroleum Resources Minister Gwede Mantashe visited JSE- and ASX-listed Orion Minerals’ flagship Prieska copper/zinc mine (PCZM) in South Africa’s Northern Cape, as the mine progresses... 

ASP Isotopes inks deal to supply key isotope for potential cancer treatment options

Isotope separation technologies company ASP Isotopes, which is a planning a secondary listing on the JSE later this year, and medical isotope production company Isotopia Molecular Imaging have... 

Hyprop undertakes capital raise

JSE-listed Hyprop Investment will issue 19.02-million new shares at a price of R42.50 each, following an accelerated bookbuild on June 2. This follows major institutional investors in the South... 

Anglo American, Valterra confirm demerger finalised

Diversified miner Anglo American and Valterra Platinum, previously Anglo American Platinum (Amplats), have welcomed the finalisation of the demerger of the majority of Anglo’s interest in Valterra... 

George withdraws Industry Waste Tyre Management Plan for re-evaluation

Forestry, Fisheries and the Environment Minister Dr Dion George has withdrawn the approval decision for the Industry Waste Tyre Management Plan (IndWTMP), published on March 20, 2024. This is to... 

AG report underscores need to tackle financial shortcomings in municipalities

The financial state of the country’s municipalities is concerning and a considerable constraint on economic growth, business organisation Business Leadership South Africa CEO Busi Mavuso warns in... 

AMCU reports of another fall-of-ground fatality at Harmony

Association of Mineworkers and Construction Union (AMCU) says in a statement that is has learnt of the death of another worker in a fall-of-ground (FoG) accident at gold miner Harmony Gold Mining... 

BPC, Debswana partner on renewable energy

Power utility Botswana Power Corporation (BPC) and Debswana Diamond Company recently announced the signing of a memorandum of agreement (MoA) on renewable energy certificates (RECs). Debswana is... 

EXSA progressing solar projects for energy wheeling

Grid-connected renewable-energy provider Energy Exchange of Southern Africa (EXSA) has achieved progress on two utility-scale solar projects, including one that is expected to come online from... 

Pensana receives further shareholder funding

London-listed Pensana’s major institutional shareholder, M&G Investment Management, has agreed to invest £1-million in the company, alongside other strategic investors who will invest a further... 

IRMA approves South African company as an audit firm

Coalition the Initiative for Responsible Mining Assurance (IRMA) has approved South African company Resilience Environmental Assurance as the fourth audit firm authorised to conduct independent... 

PGI strengthens leadership team to capitalise on global opportunities

Marketing organisation Platinum Guild International (PGI) has appointed Vaishali Banerjee as global market development head, aligned to its focus on unlocking the global demand potential for...