Kazera to acquire a controlling interest in South African mineral sands company

Aim-listed investment company Kazera Global will acquire a 60% interest in Whale Head Minerals (WHM), which owns two heavy mineral sands (HMS) opportunities in the Port Nolloth/Alexander Bay area... 

DNG welcomes postponement of hearing into Karpowership's RMIPPPP award

Gas-to-power solutions provider DNG Energy has welcomed the decision of the Hight Court in Pretoria to grant its request for the postponement of an application to have the selection of Karpowership... 

Enoch Godongwana appointed Finance Minister; water, human settlements Ministries to be split

In a long-awaited Cabinet reshuffle, President Cyril Ramaphosa on August 5 announced the appointment of Enoch Godongwana as Finance Minister. This follows the resignation of Tito Mboweni. 

Sappi returns to profit in Q3 but expects $16m Ebitda impact from unrest for Q4

Pulp and paper producer Sappi has posted a profit of $18-million for the quarter ended June 30 – the third quarter of its 2021 financial year – compared with a loss of $73-million recorded in the... 

Mkango restores full ownership of Songwe Hill, raises £5.52m

Aim- and TSX-V-listed Mkango Resources will restore its ownership of the Songwe Hill rare earths project, in Malawi, to 100%, which chairperson Derek Linfield says will strengthen the company's... 

Govt renews alcohol ban, announces school closures

Amid a massive resurgence in Covid-19 infections, President Cyril Ramaphosa has announced a renewed ban on the sale of alcohol as the the country moves to an adjusted Alert Level 4 lockdown. In an... 

Botswana delivers another diamond larger than 1 000 ct

Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the... 

Kibo, IGES to develop portfolio of waste-to-energy projects in South Africa

The share price of JSE- and Aim-listed Kibo Energy rose by more than 7% and 3% on the JSE and LSE, respectively, on May 18, after the company announced that it had entered into an agreement with... 

Thousands register for job opportunities at NMP's Sandpiper project

More than 6 000 people have registered for future job opportunities at emerging marine phosphate miner Namibian Marine Phosphate's (NMP's) Sandpiper project, in Namibia. NMP in October launched a... 

AngloGold says will achieve strong yearly free cash flow performance

Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow... 

Consortium launches dashboard to give public insight into Covid-19 spread

The South African Covid-19 Modelling Consortium (SACMC) has unveiled its new SACMC Epidemic Explorer dashboard to enable the public to explore the Covid-19 epidemic data in South Africa. The... 

Pan African appoints juwi South Africa as EPC contractor for R140m Evander solar PV plant

Gold miner Pan African Resources has entered into an engineering, procurement and construction (EPC) agreement with juwi South Africa to build a 9.975 MW solar photovoltaic (PV) plant at its... 

Tirupati raises funds

Specialist graphite and graphene producer Tirupati Graphite has raised £890 000 as part of an offer to retail investors to participate in the company's initial public offering on equal terms to... 

Froneman promotes digital first strategy for mining companies

Precious metals miner Sibanye-Stillwater has undertaken a digital first approach for the organisation, with considerable value to be unlocked from a capital as well as an environment, social and... 

Koeberg Unit 2 returns to service

Unit 2 of the Koeberg nuclear power station on October 21 successfully completed its twenty-fourth outage since it first started to generate electricity. The unit is synchronised onto the... 

Festival of Motoring postponed to August 2021

Event organiser Messe Frankfurt South Africa is postponing its Festival of Motoring event to August 2021. The Festival of Motoring, presented by WesBank, is the largest automotive show on the... 

Mondelēz to add Cocoa Life symbol to its chocolate products

Global snack maker Mondelēz International has announced plans to add the message   “Helping Farmers to Grow” on its chocolate products. The company indicated that this means it will not only... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its... 

Mandate Paper 2018 to set tone for government spending – Radebe

Government will set a cap on the use of consultants, place limits on what it spends on litigation and penalise departments and State entities for bad governance by withholding transfers and... 

Trade surplus falls to R9bn in July

South Africa's trade surplus slid to R8.99-billion ($688-million) in July from a revised R10.56-billion surplus in June, data from the revenue agency showed on Thursday. Exports fell 8.7% to... 

Barclays Africa plans Kenya gold ETF listing early this year

Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take... 

Peak Resources sees bright future for Tanzania magnet metals project

A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths... 

Time to file tax returns

Tax filing season is due to start in less than 12 hours, and although thousands of taxpayers are already prepared, others have not yet given a thought to filing their tax returns when the South... 

Eskom implements stage 1 load-shedding

Eskom has announced that it will implement stage 1 load-shedding from 17:00 on Friday, which is likely to continue until 22:00 this evening. "This is due to increased electricity demand and a... 

Applications open for African entrepreneurship prize

African entrepreneurs under the age of 22 have until April 15 to submit applications for the fifth Anzisha Prize, which aims to identify Africa’s most exciting young social and business entrepreneurs. 

Star Fish – Top 10 sustainable fish

In this surprisingly funny, surprisingly fascinating read, author Daisy Jones takes you on an epic road trip to meet the farmers, conservationists, fishermen and scientists who will protect the top... 

Glencore's Mopani warns of possible investment cuts, job losses as VAT refunds withheld

The CEO of Zambia-focused Mopani Copper Mines has warned that the withholding of value-added tax (VAT) refunds due to copper mining companies by the Zambian government, may negatively impact the... 

Rand flat but vulnerable to more weak data

South Africa's rand was largely flat against the dollar on Tuesday but could come under pressure ahead of the Reserve Bank's latest quarterly bulletin, which is expected to show a sizeable widening... 

Rio Tinto H1 earnings down amid softer commodity prices

Lower commodity prices in the six months to June 30 contributed to diversified mining giant Rio Tinto reporting lower earnings for the period. The group on Thursday posted a 71% drop in first-half... 

New Cesa CEO aims to strengthen measures to counter corruption

As the new CEO of Consulting Engineers South Africa (Cesa), Lefadi Makibinyane has made it his primary focus to ensure that the consulting engineering sector delivers quality service and that there... 

New Cesa CEO strives to strengthen measures to counter corruption

As the new CEO of Consulting Engineers South Africa (Cesa), Lefadi Makibinyane has made it his primary focus to ensure that the consulting engineering sector delivers quality service and that there... 

Govt’s effectiveness in stabilising mining sector questioned

Government had failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and... 

Government’s effectiveness in stabilising mining sector questioned

Government has failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and... 

Telkom considering impairment of legacy assets

Analysts have viewed Telkom’s announcement that its board of directors is considering impairing the carrying value of its legacy network as a positive move. Telkom group CEO Sipho Maseko on... 

Centamin to pursue further opportunities in Ethiopia

Egypt-focused gold miner Centamin, which is facing ownership challenges at its flagship Sukari mine, could diversify geographically and was considering further opportunities in Ethiopia. Aim-listed... 

DoE to review electricity roadmap once bigger energy plan finalised

The Department of Energy (DoE) will work towards finalising an Integrated Energy Plan (IEP) for South Africa during the current financial year, Energy Minister Dipuo Peters said on Tuesday.... 

Tough trading conditions mute Cashbuild’s revenue growth

Building materials retailer Cashbuild reported marginal year-on-year revenue growth of 1% during the third quarter of its 2013 financial, as tough trading conditions continued. Nine new stores... 

Goldplat to start development on third recovery operation by year-end

With its two existing gold recovery operations in Africa performing “solidly”, Aim-listed Goldplat was planning to start development on a third such operation by the end of this year. In a... 

Botswana Diamonds granted exclusivity period extension

Aim-listed Botswana Diamonds has been granted an extension to an agreement, signed in February, providing it with a three-month exclusivity period to review data on 13 licence blocks in the Gope... 

Gem Diamonds Q1 output down 38% on lower grades

LSE-listed Gem Diamonds’ output for the first quarter of 2013 fell by 38% to 18 775 ct, compared with the 30 181 ct in the fourth quarter of 2012, mainly owing to the lower quality diamonds mined...