Consistent pipeline all that is needed to resuscitate SA construction

A consistent and predictable pipeline of construction and infrastructure development projects, which must be underpinned by political support and leadership, is all that is necessary to accelerate... 

Consistent pipeline all that is needed to resuscitate SA construction

A consistent and predictable pipeline of construction and infrastructure development projects, which must be underpinned by political support and leadership, is all that is necessary to accelerate... 

CEO confidence improves in the second quarter

Financial advisory company Merchantec's CEO Confidence Index increased by six points to 51.4 in the second quarter, driven by a significant improvement in confidence in the consumer staples sector... 

Digital nomad visas could attract professionals, Endeavor South Africa says

Entrepreneurial support organisation Endeavor South Africa says the South African remote work, or digital nomad, visa can help the local technology industry and entrepreneurs, and is a positive... 

Bosch Rexroth Africa opens first branch in Côte d'Ivoire

Hydraulics, pneumatics and automation group Bosch Rexroth Africa opened its first branch in Côte d'Ivoire, in June, to meet the increasing demand for its hydraulic, pneumatic and automation... 

Metals, engineering sector pension boards undertaking due diligence for worker housing

Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says the agreement to provide access to housing for industry workers has been referred to the Metal... 

Brikor plans to delist from the JSE

The board of directors of building materials manufacturer and supplier Brikor has advised shareholders that it is considering proposing an arrangement to repurchase the shares held by the remaining... 

CBE commits to professionalise construction sector alongside new infrastructure Minister, Deputy Minister

Regulatory body the Council for the Built Environment (CBE) has welcomed the appointments of Public Works and Infrastructure Minister Dean Macpherson and Deputy Minister Sihle Zikalala, and says it... 

Bidvest to dispose of Bidvest Bank as part of financial services restructuring

JSE-listed services, trading and distribution company Bidvest Group has advised shareholders that its board has approved a process to dispose of Bidvest Bank and its related entity FinGlobal. The... 

Subsidising costs for solar panel recycling will offset high costs in industry

Government and producer responsibility organisations could support the solar industry by subsidising the cost of recycling the PV panels and helping to establish recyclers. In this way, the... 

Milken Institute launches Africa Leaders Business Council

Development think tank the Milken Institute has launched the Africa Leaders Business Council, which brings together experts across business, technology, finance and investment, sustainability and... 

Convergence fulfils conditions to acquire Datacentrix

Technology-focused private equity investment management company Convergence Partners has met all conditions precedent to acquire 100% of system integration service company Datacentrix from... 

South Africa must develop solutions to address specific sanitation issues

Various technologies, from ventilated improved pit toilets to decentralised wastewater systems, offer potential solutions to some of the country’s sanitation challenges, but these technologies must... 

Half of turbines for Koruson 1 wind farms delivered to site

About half of the 237 turbine blades and other components required for the Koruson 1 cluster of wind farms, being built on the border of the Eastern and Northern Cape provinces, have been delivered... 

Fireblade Aviation prepares for growth in private aviation

Private aviation company Fireblade Aviation has positioned each of its divisions to grow as international demand for aviation resources increases, particularly private aviation over the past three... 

Cesa welcomes Macpherson's appointment as Public Works Minister

Industry organisation Consulting Engineers South Africa (Cesa) says it looks forward to working with new Public Works and Infrastructure Minister Dean Macpherson. “We trust [he] will be more... 

Absa PMI rises, but remains below 50-point mark amid persisting challenges

The Absa Purchasing Managers’ Index (PMI) increased by 1.9 points to 45.7 points in June, from 43.8 in May, but remained below the 50-point mark. Following a strong start to the second quarter,... 

Kusile unit 5 enters commercial operation

Following six months of testing and optimisation, State-owned Eskom has transferred Unit 5 of the Kusile Power Station to its Generation division, and this unit will now begin contributing power,... 

Nampak sees turnaround in first-half performance

JSE-listed packaging producer Nampak has achieved headline earnings of R267-million for its total operations for the six months ended March 31, compared with a headline loss of R342-million for the... 

Absa doubles MIGA agreements to $1bn capital guarantee

Financial services firm Absa has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, freeing up additional financial... 

Man receives five-year prison sentence for tampering with Eskom infrastructure

The Mthatha Specialised Commercial Crime Court has sentenced a man to five years in prison, wholly suspended for five years, for falsely representing himself as an Eskom contractor to the residents... 

Index continues to show value of green buildings in South Africa

Investment services and advisory company MSCI’s South Africa Green Annual Property Index for 2023 shows that green-certified prime and A-grade offices produced a total return of 5.8%, which was 150... 

Tribunal approves Bidshelf 93’s acquisition of Dekra Automotive

The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra... 

Tribunal approves Prax’s Natref stake buyout, with conditions

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of... 

TNPA issues RfI for Port of Mossel Bay marine loading facilities operator

The Transnet National Ports Authority (TNPA) has published a request for information (RfI) calling on interested terminal operators to submit proposals for the refurbishment, financing, operation,... 

Africa50 pledges $100m to accelerate renewable-energy projects, infrastructure

Infrastructure investment and asset management company Africa50 has pledged up to $100-million to fund and co-finance renewables-based energy transition projects and infrastructure across Africa... 

Gauteng municipalities urged to comply with STS rollover before November

The South African Local Government Association (Salga) has urged municipalities across Gauteng to comply fully with the November 24 deadline for the implementation of the Standard Transfer... 

Companies need to adjust operating, business models amid growth in generative AI

Generative AI (genAI) is having a measurable impact on companies that adopt these systems, and 58% of workers that are using genAI are able to save five hours a week in work time, the 'AI at Work... 

435 kW solar, battery system ensures Naboom Plastic can produce, reduce backlog

Clean energy developer Blue Energy Africa has built a hybrid 435 kW solar and battery storage system for planting bags producer Naboom Plastic, in Mookgophong, Limpopo. The system provides the... 

Radisson to open its first hotels in Tanzania as part of African expansion

Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels... 

Wärtsilä renews partnership in Morocco for maintenance of two power plants

Industrial technology company Wärtsilä has signed a five-year maintenance agreement covering 169.5 MW of power generation for two Moroccan power plants owned and operated by Moroccan utility Office... 

Only 40% of developing-country utilities are financially sustainable, World Bank warns

The majority of electric utilities in developing countries are ill-equipped to meet growing demand for power and add more renewable energy into the grid, thereby hindering global energy transition... 

WEF Energy Transition Index at its highest ever, but global progress slowing

The global energy transition to a more equitable, secure and sustainable energy system is still progressing, but has lost momentum in the face of increasing uncertainty worldwide, international... 

Biotech startup closes latest funding round, bringing total to R24.5m

Stellenbosch-based biotechnology start-up Immobazyme has successfully closed its latest funding round, bringing its total investment to R24.5-million. The new injection of capital will enable the... 

Central banks to increase gold holdings in next 12 months - World Gold Council

More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months.... 

Cluff Africa signs agreement to acquire Zimbabwe lithium permits

UK-based mineral resources investment company Cluff Africa has signed a term sheet with Zimbabwe sovereign wealth fund, Mutapa Investment Fund, to acquire 45% in the Sandawana mining permits. This... 

Students should use AI to interrogate knowledge, not just answer questions, IT experts advise

AI-based systems can provide personalised learning experiences, as well as identify students' strengths and weaknesses and adjust teaching to better facilitate and accelerate learning, IT industry... 

GWK's Christiana maize mill gets 1 MW solar PV system

Independent power producer Decentral Energy has commissioned a 1 MW solar PV system at food producer GWK's Farm Foods Christiana maize mill. The ground-mounted, grid-tied solar PV system, which was... 

NDCs, long-term strategies should include roadmap for fossil fuel producers – IISD

Analysis by policy think tank the International Institute for Sustainable Development (IISD) showed that seven of the 20 largest fossil fuel producing countries make no mention of fossil fuel... 

Inspired Evolution achieves second close of climate impact Evolution III Fund

Clean energy- and resource-efficiency-focused private equity firm Inspired Evolution has announced that it has concluded the second close of its Evolution III Fund, which is its third energy...