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... 

Nersa helping municipalities to navigate electricity trading, wheeling

As electricity in South Africa transitions to a more open market-driven system, it has many implications for the electricity distribution industry, particularly municipalities, with stakeholders... 

UMK responds to weak market conditions by switching to rail, limiting exports

Local miner United Manganese of Kalahari (UMK) has decided to switch from using road freight transportation to rail for the transport of manganese ore, as well as to limit its exports to align with... 

Libstar targets more partnerships globally with stand at SIAL

Consumer packed goods manufacturer Libstar will this year showcase a variety of products from its Cecil Vinegar, Cape Foods, Cape Herb & Spice, Montagu Foods, Ambassador, Rialto and Amaro Foods... 

Local wine veteran Van der Merwe appointed as president of intl body

South Africa Wine Industry Information and Systems executive manager Yvonne van der Merwe has been appointed as the first woman president of the International Organisation of Vine and Wine (OIV).... 

Nel to retire as WBHO chair, former CFO Henwood to succeed him

Construction group Wilson Bayly Holmes-Ovcon (WBHO) has advised that its chairperson and director Louwtjie Nel will retire, effective November 21. He joined WBHO in 1987 having held various key... 

Tiger Brands continues driving growth across bakery portfolio

As fast-moving consumer goods manufacturer Tiger Brands continues to advance a bakery restoration initiative it launched in March this year, the company has identified the Western Cape as a key... 

Terra Firma to build 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... 

GoviEx demonstrates high recovery rates using simple heap leaping for Muntanga project

TSX-V-listed GoviEx Uranium has completed an extensive metallurgical testwork programme at Mintek, in South Africa, which aimed to demonstrate the viability of the company’s heap leach process for... 

Tertiary completes inaugural drilling on Mushima North copper target

Aim-listed Tertiary Minerals has completed an inaugural drilling programme on the Mushima North copper project, in Zambia. The programme aimed to test the A1 and C1 copper, zinc and arsenic soil... 

Businesses increasingly confident of investing in South Africa as reforms take shape

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... 

Bannerman confident about market conditions, cash flexibility as it nears final investment decision on Etango

ASX-listed Bannerman Energy says it is progressing towards a final investment decision on the Etango uranium project, in Namibia, with a strong cash position and favourable market conditions. The... 

EIB backs vaccine development in Rwanda

EU investment institution the European Investment Bank (EIB) will provide €2-million in financing for early-stage vaccine development in Rwanda. The financing, which will be provided to Akagera... 

PwC urges more collective climate resilience action as emissions increase

As the global decarbonisation decrease rate was only 1.02% in 2023, falling short of the average yearly decrease of 1.43% between 2000 and 2023 and far short of the required rate of 20% to keep...