Gold Fields records quarterly output increases across portfolio

JSE-listed Gold Fields made notable operational improvements in the quarter ended September 30, resulting in a 12% quarter-on-quarter increase in output to 510 000 oz and a 3% quarter-on-quarter... 

ENS concerned about ‘too harsh’ provisions in incoming Mine Health and Safety Amendment Bill

Law firm ENS on November 14 presented a webinar unpacking amendments to the Mine Health and Safety Act (MHSA), which will soon be presented for approval in the National Assembly. The webinar was... 

Unemployment rate improves to 32.1% in the third quarter

South Africa’s unemployment rate decreased by 1.4 percentage points to 32.1% in the third quarter, from 33.5% in the second quarter. The expanded unemployment rate, which includes discouraged work... 

Omnia reports commendable increase in first-half operating profit

JSE-listed chemicals group Omnia has reported a 17% increase in operating profit to R802-million for the six months ended September 30, which CEO Seelan Gobalsamy says was driven by solid... 

SAAFF bemoans lethargic SADC's failure to stop Moz conflicts impacting regional economy

With more than 500 000 people having been displaced and 5 785 having died over the last seven years as conflict wages in Mozambique’s Cabo Delgado province, Southern Africa Association of Freight... 

RGS takes Tongaat, Vision to High Court over ‘unimplementable’ rescue plan

Mozambican investment group RGS Holdings has submitted an urgent application in the Durban High Court to interdict and set aside the implementation of embattled sugar producer Tongaat Hulett’s... 

Eskom, CoJ at loggerheads over debt, plans to interrupt Jhb power supply

Power utility Eskom has announced plans to interrupt power supply to the City of Johannesburg (CoJ) at certain pre-determined times of day from next month, citing City Power’s failure to pay... 

Experts weigh in on increasingly decentralised freight logistics model

As government and the private sector work to accelerate reforms and improve efficiencies in the logistics sector, experts from a range of spheres have emphasised the importance of targeted... 

Arc identifies priority target for drilling in Zambian JV

London-listed Arc Minerals has observed copper mineralisation at all targets drilled on the joint venture (JV) project it has with Anglo American in Zambia. The companies have identified priority... 

AngloGold posts massive increase in quarterly earnings; proposed Ghana JV with Gold Fields still on hold

Following gold miners Gold Fields and AngloGold Ashanti’s announcement last year that they intend to enter into a joint venture (JV) in Ghana, the companies have advised it has not yet received the... 

Sappi posts solid full-year earnings despite volatile market conditions

JSE-listed paper and dissolving wood pulp (DP) manufacturer Sappi has exceeded its expectations for the financial year ended September 30, despite having reported a decrease of 6.4% year-on-year in... 

Alphamin posts record quarterly tin output

JSE- and TSX-V-listed Alphamin Resources has set a record for production - 4 917 t of contained tin - in the quarter ended September 30. This marks a 22% improvement on the preceding quarter. 

Blencowe now funded to see Orom-Cross DFS through to completion

London-listed emerging graphite miner Blencowe Resources has announced a retail offer through a bookbuild of new ordinary shares valued at £195 000, as well as the successful raising of... 

M&R foresees more immediate liquidity challenges as Venetia contract ends

Engineering and contracting group Murray & Roberts (M&R) has advised that its interim earnings for the six months ended December 31 will be impacted on by the loss of business it had in place with... 

Kodal disagrees with Hainan statement related to MoU in Mali

Following an announcement by Hainan Mining related to the memorandum of understanding (MoU) between the Mali government, Hainan and Aim-listed Kodal Minerals’ jointly owned subsidiary Kodal... 

TotalEnergies outlines likely energy transition scenarios, suggests more global cooperation

In light of the world’s population being estimated to grow by at least 1.7-billion by 2050 and the fact that about 4.5-billion people already do not have sufficient access to energy, TotalEnergies... 

South Africa, Chile collaborate to advance sustainable fisheries, aquaculture

The governments of South Africa and Chile have signed a memorandum of understanding to cooperate on fisheries and aquaculture. The countries will soon establish a joint technical committee to... 

Redefine reports improvements in occupancy, overall demand

JSE-listed real estate investment trust (Reit) Redefine Properties has posted a distributable income per share (DIPS) of 50.02c and a dividend of 42.52c apiece for the financial year ended August... 

Sephaku expects at least 69% increase in interim earnings

JSE-listed Sephaku Holdings expects to report an increase of between 69% and 85% in its basic earnings per share (EPS) to between 13.1c and 14.3c for the six months ended September 30. This... 

Canyon advances early works on now-permitted Minim Martap bauxite project

ASX-listed bauxite miner Canyon Resources and its subsidiary Camalco has been granted a mining licence for the Minim Martap project in Cameroon. The 20-year licence is conditional upon the... 

Sugar association appoints Mhlaba CEO

Industry body the South Africa Sugar Association (SASA) has appointed Sifiso Mhlaba CEO, succeeding Trix Trikam who retired as head of the organisation on November 1. Trikam led the organisation... 

Terra Firma to roll out R1.3bn solar PV programme

Renewable-energy company Terra Firma has announced a new large-scale solar energy build programme that will see customers gain access to wheeled energy from August 2026. The R1.3-billion programme... 

Businesses optimism rises with reforms

Pharmaceuticals group Aspen strategic trade development executive Stavros Nicolaou has confirmed that the Government of National Unity’s (GNU’s) efforts to accelerate economic growth in South... 

Tiger Brands considering urgent medical compensation to victims of listeriosis ahead of trial

JSE-listed fast-moving consumer goods manufacturer Tiger Brands on October 30 issued a statement confirming that it is engaging with the law firm handling claims on behalf of victims of a... 

Agriculture set to benefit greatly if MTBPS sentiment is realised

Industry bodies Agri SA and the Agricultural Business Chamber of South Africa (Agbiz) agree that Finance Minister Enoch Godongwana’s Medium Term Budget Policy Statement (MTBPS) shows that... 

Business welcomes pragmatic MTBPS but maintains public service should be downsized

Business, academia and industry associations have welcomed the reforms highlighted in the 2024 Medium Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on October... 

NTCSA revises latest TDP considering uptick in expected generation capacity

The National Transmission Company of South Africa (NTCSA) has hosted its inaugural Transmission Development Plan (TDP) briefing since starting commercial operation in July this year, with the 2024... 

Salungano’s interim headline loss widens to 90c

Mining investment company Salungano Group has continued experiencing operational and financial challenges in the six months ended September 30, with the Elandsfontein Colliery not having produced... 

Turnaround efforts in full swing at MSR’s Tormin mine in the Western Cape

South Africa-focused Mineral Sands Resources (MSR) will, in a month’s time, publish a business rescue plan for the Tormin mine, in the Western Cape. Shareholders will then, on December 13, vote... 

AngloGold, Centamin shareholders approve acquisition

The shareholders of gold miners AngloGold Ashanti and Centamin have approved the deal whereby AngloGold intends to acquire Centamin for $2.5-billion. The majority shareholder approval follows a... 

Orion to deliver feasibility studies on Okiep, Prieska projects within five months

ASX- and JSE-listed Orion Minerals has appointed Nick Fouche project director to oversee the completion of a feasibility study for the Prieska copper and zinc mine, in South Africa’s Northern Cape... 

TIPS highlights positive second-quarter trade, investment movements

Trade & Industry Policy Strategies (TIPS) finds in its latest Real Economy Bulletin for the second quarter of the year that GDP increased by 0.4% year-on-year, against population growth of 1.3%... 

Deputy Minister confident that more battery sector investments are in store

Trade, Industry and Competition Deputy Minister Andrew Whitfield says he is confident that South Africa can become a components and equipment manufacturing hub for the clean technology value chain,... 

Provincial govt says Cape Town port inefficiency dampening fruit exports, growth plans

Western Cape Minister of Agriculture, Economic Development and Tourism Dr Ivan Meyer has expressed concern about the slow progress being made at the Cape Town port in respect of a terminal... 

Automotive experts agree new tech is essential to stay competitive

South Africa’s manufacturing sector has an opportunity to cater for global electrification by producing more solar panels, developing battery components and venturing into more components for the... 

Manufacturing sector needs regional collaboration, unified approach – panel

With the majority of African countries having ratified the African Continental Free Trade Area agreement, panellists gathered at the Manufacturing Indaba earlier this week proposed that governments... 

Experts weigh in on increasingly decentralised freight logistics model

As government and the private sector work to accelerate reforms and improve efficiencies in the logistics sector, experts from a range of spheres have emphasised the importance of targeted... 

Westfalia Fruit appoints Chris Bush CEO

Fresh produce supplier Westfalia Fruit has appointed Chris Bush group CEO, effective October 28. He succeeds acting CEO Rian du Toit, who will return to his role as group CFO. 

Sasol's performance lags in Q1 owing to chemical market, coal quality issues

JSE-listed petrochemicals group Sasol has reported a mixed production and sales performance for the three months ended September 30, with the company having been impacted on by the stronger rand,... 

Petra starts new financial year with higher output

London-listed Petra Diamonds has had a good start to its 2025 financial year, with an increase in production to 679 625 ct for the quarter ended September 30, on the back of higher grades at the...