Oriole uncovers highest grades from Mbe drilling so far

Aim-listed Oriole Resources has advanced about 30% with a maiden drilling programme over a target at the Mbe gold project, in Cameroon, having drilled 2 200 m across seven holes. Oriole owns 90%... 

Industry stalwart Campbell calls for urgent action to address SA’s infrastructure challenges

While government has made progress in improving policies affecting the built environment, such as the Public Procurement Act, Consulting Engineers South Africa (CESA) CEO Chris Campbell warns that... 

Steenhuisen warns of massive knock to citrus, other commodities if Agoa expires

Agriculture Minister John Steenhuisen stresses that South Africa’s citrus industry stands to lose a lot if the US decides not to extend the country’s benefits under the African Growth and... 

Minerals Council voices concern about dwindling mining investment

Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors;... 

Tirupati ramps up production of flake graphite as executive turbulence stabilises

London-listed Tirupati Graphite remains on track to achieve a production rate from the Vatomina graphite project, in Madagascar, of 600 t a month by the end of April, 1 000 t a month by July 31 and... 

GDP recovering slowly and unevenly, but ‘it is a start’

Statistics South Africa has reported that GDP increased by 0.6% in the fourth quarter of last year, following a contraction of 0.1% in the third quarter. GDP for the full 2024 also grew by 0.6%.... 

Schneider appoints digital energy director for Anglophone Africa

Energy management and automation company Schneider Electric has appointed Hilton Baartman digital energy director for Anglophone Africa. Baartman is an award-winning executive with a diverse... 

Kavango completes first drilling at Prospect 3, looks to trial mine before year-end

London-listed diversified miner Kavango Resources has successfully completed an initial resource drilling programme at the Prospect 3 target on the Hillside gold project, in Zimbabwe. The... 

Sea Harvest profit dips on low catch rates, tough market conditions

JSE-listed seafood, aquaculture and agroprocessing company Sea Harvest says last year was its toughest financial year since listing on the JSE in 2017, with its performance having been impacted on... 

Long-serving MIC CEO steps down

Investment firm Mineworkers Investment Company (MIC) has announced that Mary Bomela has stepped down as CEO at the end of February following 15 years of involvement with the organisation. The... 

Lexington announces secondary listing in US

London-listed gold producer Lexington Gold, which operates in South Africa and the US, has started trading its shares on the OTCQB Venture Market, in the US. The company identified increasing... 

RCL posts 25% increase in earnings

JSE-listed food manufacturer RCL Foods has delivered a solid performance for the six months ended December 31, having increased its earnings before interest, taxes, depreciation and amortisation... 

PPC turnaround plan yields earnings improvements

JSE-listed cement and construction materials company PPC says its turnaround plan continues to yield positive benefits as evidenced in the company’s performance for the ten months ended January 31.... 

Experts advocate for goat commercialisation as major economic growth driver

With South Africa’s goat industry being largely based in the informal sector, stakeholders such as the Agricultural Research Council (ARC) are increasing efforts to commercialise the goat meat... 

Mike Teke to lead Southern Africa chapter of FutureCoal

Global association for the sustainable use of coal FutureCoal on February 13 announced Seriti Resources group CEO Mike Teke as chairperson of its newly established Southern Africa chapter. He will... 

New partnership at Cape Town Container Terminal to drive increased exports

Stakeholders in the export-orientated fruit value chain, including the Western Cape government and Transnet Port Terminals (TPT), have announced a new collaboration aimed at enhancing operations at... 

WFDB warns of new US customs requirements for diamond traders

World Federation of Diamond Bourses president Yoram Dvash has advised that, as of April, US customs will require the reporting of diamonds’ country of mining origin and country of origin details.... 

Portfolio committee investigates retrenchment rumours at Mpumalanga mines

Portfolio Committee on Mineral and Petroleum Resources chairperson Mikateko Mahlaule has expressed concern about reports of mass retrenchments at mining companies in Mpumalanga. The committee is... 

Canyon nears completion of Minim Martap DFS

ASX-listed bauxite developer Canyon Resources says it remains on schedule to complete a definitive feasibility study (DFS) on the Minim Martap project, in Cameroon, during the third quarter of the... 

Only through partnerships can built environment adapt to climate change - Zikalala

As the local and international macroeconomic landscape becomes more volatile, uncertain, complex and ambiguous owing to climate change and increasing instances of extreme heat and flooding, it... 

SAPA warns against looming outbreaks of bird flu as vaccination still lags

The South African Poultry Association (SAPA) has expressed concern over another potential widespread Highly Pathogenic Avian Influenza (HPAI) outbreak in South Africa, since the virus typically... 

AgriSA to discuss trade matters, sustainability support at B20

Industry body AgriSA has announced that it will partake in the Business 20 (B20) South Africa Summit on February 24 and 25, in Cape Town. The event, which will connect the business community with... 

Poultry Master Plan bearing fruit through exceeded investment targets

Trade, Industry and Competition Deputy Minister Zuko Godlimpi and Agriculture Deputy Minister Nokuzola Capa have attributed the 52 930 jobs retained by the poultry industry in recent years to the... 

Petition for release of Potgieter, Huxham reaches 15 000 signatories

The spokespeople for the families of Frik Potgieter and Peter Huxham, who have been detained in Equatorial Guinea for more than two years, over what is believed to be fabricated charges, have... 

Perseus lifts half-year earnings, profit by more than 20%

ASX-listed Perseus Mining has posted a 26% increase in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to $352-million for the six months ended December 31, 2024. This... 

Atherley reaffirms Pensana’s commitment to social, enviro sustainability

London-listed rare earths miner Pensana chairperson Paul Atherley says mining can be both environmentally sustainable and socially developmental. He tells British radio station BBC Radio 4 that... 

West African expects new mine to boost output to at least 290 000 oz this year

ASX-listed West African Resources expects this year to be a transformative year for the company, with its new Kiaka mining centre due to start production. The company expects to produce between... 

Marula hosts site visit to further verify high-grade copper concentrate samples at Kinusi

South Africa- and UK-listed Marula Mining has advised it will host a site visit at its Kinusi copper mine, in Tanzania, to show a European commodity trading group its high-grade copper concentrate... 

No work, no pay will apply to workers participating in Cosatu strike in the Western Cape

The Steel and Engineering Industries Federation of Southern Africa has reminded its members that the Congress of South African Trade Unions (Cosatu) intends to have workers support a protest in the... 

Sacci, Absa partner on new SME index

In addition to its existing indices that provide information on South Africa’s business landscape, the South African Chamber of Commerce and Industry (Sacci) and Absa have announced a new index... 

Research strongly forecasts Secunda plant will wind down from 2030, but Sasol disagrees

Petrochemicals giant Sasol is set to face significant headwinds at its Sasolburg and Secunda operations in the coming decade, including a R30-billion-a-year carbon tax cost. Researchers, having... 

Godongwana, Cabinet has much to consider before March 12

Accounting firm PKF says one positive aspect to the delay in tabling the Budget speech, to March 12, is that stakeholders will know the budget is approved at Cabinet-level before its tabling.... 

Merafe mulls furnace suspension amid weak ferrochrome market

JSE- and A2X-listed ferrochrome producer Merafe Resources has advised that it will review its ferrochrome smelting business and assess the potential measures through which ongoing market challenges... 

PCC discussion reveals opposing views on nuclear power, despite it being ‘necessary’ for net zero

International and local associations, as well as various energy experts, agree that achieving net zero in the 44 countries that have committed thereto will be virtually impossible without including... 

Inefficient logistics cost citrus industry R5.2bn in the latest season

The Bureau for Food and Agricultural Policy (BFAP) has found in an independent study that the citrus industry suffered a R5.2-billion direct and indirect cost owing to inefficient logistics in the... 

Kumba posts lower earnings, dividend as steel demand weakened in 2024

Anglo American subsidiary Kumba Iron Ore has reported a 17% lower total dividend for the year ended December 31, on the back of steel market and iron-ore pricing dynamics. The company’s total... 

African M&A records meaningful deal value increases in 2024

Law firm Herbert Smith Freehills (HSF) finds in its latest yearly merger and acquisition (M&A) report that activity in Africa continued on a downward trend in 2024, with a further decrease on the... 

Quantum says more favourable market conditions are boosting volumes

Primary agriculture business Quantum Foods experienced favourable trading conditions across its animal feed, broiler farming and layer and egg farming businesses during the four months ended... 

CDE report unpacks practicable actions to support small business growth

Given the stagnation of the small business sector and a government riddled with deficiencies and inefficiencies, the time has come to hand the reins to the private sector and let markets shape the... 

Duffy resigns as Petra CEO, interim revenue knocked by market weakness

Independent mining group Petra Diamonds, which owns and operates diamonds mines in South Africa, has appointed two interim CEOs Vivek Gadodia and Juan Kemp to succeed Richard Duffy, who has...