Blencowe completes geotechnical drilling at Camp Lode deposit

London-listed Blencowe has successfully completed all geotechnical holes at the Camp Lode graphite deposit in Uganda, a key requirements for finalising mining design parameters. Logging and... 

Mashava assures that City Power is reviewing yearly tariffs

Johannesburg electricity utility City Power CEO Tshifularo Mashava has assured business customers in the city that the entity is working on reviewing the yearly electricity tariffs to cushion... 

Aveng warns of interim loss on Australia, Southeast Asia project challenges

The share price of JSE-listed Aveng fell by more than 31% on February 14 after the company advised that it was likely to report a loss a share of between A$0.253 and A$0.254 and a headline loss a... 

Underperforming BEV sales in Europe may benefit palladium demand

According to technology group Heraeus, last year saw modest growth in car sales within the EU, while the market share of battery electric vehicles (BEVs) declined. Heraeus reported on January 27... 

Nedbank report shows sharpest increase in fixed investment plans since 2021

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 

PwC predicts tax revenue shortfall in upcoming budget

When Finance Minister Enoch Godongwana delivers his Budget Speech on February 19, it is expected that reported tax revenues will be about R10-billion short of initial forecasts, auditing firm PwC... 

Macpherson voices his approval of PPP regulatory easements

Public Works and Infrastructure Minister Dean Macpherson has stated his approval of Finance Minister Enoch Godongwana’s amendments to Section 16 of the Public Finance Management Act, which will... 

December manufacturing production down 1.2% y/y, Stats SA reports

South Africa’s manufacturing production decreased by 1.2% year-on-year in December, according to a report by Statistics South Africa (Stats SA) released on February 11. The largest negative... 

Rome assures shareholders its DRC operations continue uninterrupted

In light of the ongoing security developments in the eastern Democratic Republic of Congo (DRC), Aim-listed Rome Resources has confirmed that drilling operations at its Bisie North site continue... 

Necsa ‘deeply saddened’ by board member death

The South African Nuclear Energy Corporation (Necsa) says it is “deeply saddened” by the passing of board member Senamile Masango on February 8. Masango was a Necsa board member since January 2020.... 

Agreement signed to develop R1.8bn rare earth, critical battery elements refining facility in Africa

South African multidisciplinary asset manager Novare and ReElement Technologies Corporation, a subsidiary of Nasdaq-listed American Resources Corporation, has announced a R1.8-billion rare earth... 

Mashatile, Chikunga mourn death of South Africa’s first black nuclear scientist

Deputy President and Human Resource Development Council (HRDC) chairperson Paul Mashatile and Minister in the Presidency responsible for Women, Youth, and Persons with Disabilities Sindisiwe... 

Macpherson welcomes completion of ‘the Dome’ to facilitate National Assembly sittings

Public Works and Infrastructure Minister Dean Macpherson has welcomed the completion of the Dome for National Assembly sittings ahead of the replies to the State of the Nation Address (SoNA) in... 

Two years later, South African engineers remain unlawfully imprisoned in Equatorial Guinea

South African engineers Frik Potgieter and Peter Huxham remain imprisoned in Equatorial Guinea, 730 days after their sudden and unlawful arrest, despite international rulings declaring their... 

SoNA was a ‘display of unity’, Mavuso says

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso believes Cyril Ramaphosa’s State of the Nation Address (SoNA) on February 6 was “a display of unity by the Government of National Unity... 

Business cautiously optimistic on SoNA commitments, but execution will be critical

President Cyril Ramaphosa’s State of the Nation Address (SoNA), delivered on February 6, has been met with cautious optimism. The Bureau of Economic Research (BER) commended the SoNA’s focus on the... 

Copper 360 takes steps to secure wind energy for its Northern Cape projects

JSE-listed copper producer Copper 360 has concluded an agreement with Mulilo Renewable Project Developments to acquire 100% of Mulilo Springbok Wind Power (MSWP). MSWP is the owner of a project to... 

Summit expected to be watershed moment for development finance in Africa

South Africa is set to host the Finance in Common Summit (FiCS) in February, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides... 

Kumba to report nearly 50% drop in headline earnings for 2024

JSE-listed iron-ore producer Kumba Iron Ore has advised that its headline earnings per share (HEPS) for the year ended December 31, 2024, are expected to be between R36.60 and R40.50, a decrease of... 

Amplats warns of up to 46% decline in headline earnings for 2024

JSE-listed platinum group metals (PGM) producer Anglo American Platinum (Amplats) has warned that its headline earnings and headline earnings per share (HEPS) for the 12 months ended December 31... 

SABS still cannot access its systems several months after cyberattack

Following a ransomware attack on the South African Bureau of Standards’ (SABS’s) IT systems in November last year, it has been revealed that the State-run entity’s systems are still encrypted and... 

SBI wants Ramaphosa to put small businesses first

The Small Business Institute (SBI) has called on President Cyril Ramaphosa to place small businesses at the centre of his growth agenda for the country at his upcoming State of the Nation Address... 

Safair given 12 months to rework its ownership structure

The Department of Transport has confirmed that the Domestic Air Services Council has directed privately owned low-cost airline Safair to comply with the requirements of the Air Services Licensing... 

Sasol warns of drop in interim earnings on impairments, lower prices

Energy and chemicals company Sasol has warned that its headline earnings per share (HEPS) are likely to decrease by between 26% and 36% year-on-year, to between R13 and R15, for the six months... 

Sappi delivers improved quarterly performance across all segments

Although global macroeconomic conditions were unfavourable during the first quarter of paper manufacturer Sappi’s 2025 financial year, the company reported improved year-on-year profitability... 

CDE calls on Ramaphosa to show how GNU is enacting much-needed reforms

The Centre for Development and Enterprise (CDE) has urged President Cyril Ramaphosa to use the upcoming State of the Nation Address (SoNA) on February 6 to show how the Government of National Unity... 

New report highlights lack of transparency in coloured gemstone industry

A new report from coloured gemstones miner Gemfields on the emerald, ruby and sapphire markets “… serves as a reminder of how far the coloured gemstone industry still has to go to reach the levels... 

Wind turbines on their way to Ummbila Emoyeni facility

Nine turbines, including 27 blades and other components, are being transported on the N2, from Richards Bay to Seriti Green’s Ummbila Emoyeni wind energy facility in Bethal, Mpumalanga. The... 

Wanblad calls on African govts to be more fair-minded in mining risk/reward balance

In a mining era that requires collaboration and partnerships between the public and private sectors, Anglo American CEO Duncan Wanblad has called on African governments to adopt a more fair-minded... 

Canyon Resources gets Cameroon govt’s approval for inland rail facility location

ASX-listed bauxite developer Canyon Resources has announced that the location of its inland rail facility (IRF) has been approved by the Cameroon government. In addition, Canyon Resources’... 

Demand for copper, nickel, rare earths, lithium to quadruple by 2040, report says

Key minerals such as copper, nickel, rare earths and lithium are on the brink of an unprecedented demand surge, projected to nearly triple by 2030 and quadruple by 2040, according to accounting... 

Harmony on track to meet full-year guidance after robust first-half performance

JSE-listed Harmony Gold remains on track to meet the upper end of its full-year production guidance of between 1.4-million and 1.5-million ounces, while all-in sustaining costs (AISC) remain... 

Marula confirms high-grade copper content in stockpiled concentrate at Tanzania project

Assay results of copper ore samples taken from AQSE- and A2X-listed Marula Mining’s Kinusi copper mine, in Tanzania, have confirmed the high-grade copper content of the copper concentrates... 

African Dawn Investments forms partnership to roll out EV chargers, BESSs across South Africa

Finance company African Dawn Investments has entered into a strategic collaboration with Singapore company WaterCloud International and Chinese original-equipment manufacturer Beny New Energy to... 

Heraeus partners with Mattiq to develop low-iridium catalysts

Clean chemistry company Mattiq has entered into a strategic partnership with precious metals company Heraeus Precious Metals to develop and commercialise advanced electrocatalyst materials for... 

IMF projects South Africa’s GDP growth will reach 1.5% this year

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome... 

Innovative engineering sees Gerhard Moolman row solo across the Atlantic in record time

Engineer Gerhard ‘Moolies’ Moolman arrived back safely in South Africa on January 10 after successfully completing a 4 050 km trip across the Atlantic ocean on a uniquely engineered rowing boat... 

Mediclinic to roll out microgrids at its hospitals

Healthcare provider Mediclinic has solar PV panels installed at 28 of its sites across the country and is gearing up to roll out a national project aimed at installing microgrids that integrate... 

Vala Zonke pothole repair programme overlooks root causes of crumbling roads

When the Department of Transport (DoT) launched the Vala Zonke pothole reporting and repair programme nationwide in August 2022, it was widely seen as a positive sign of government’s taking... 

Vala Zonke pothole repair programme overlooks root causes of crumbling roads

When the Department of Transport (DoT) launched the Vala Zonke pothole reporting and repair programme nationwide in August 2022, it was widely seen as a positive sign of government’s taking...