Cashbuild to acquire 60% of Allbuildco for R93m

Hardware and building material retailer Cashbuild has entered into a subscription agreement to subscribe for a 60% controlling interest in hardware retail chain Allbuildco for R93-million. The... 

Rangel to build €6m warehouse in South Africa

Logistics company Rangel Logistics Solutions, which entered the South African market in 2020, has made an additional investment of €6-million, or R125.6-million, in a warehouse in South Africa. The... 

Bakwena toll route to launch contactless payments by end of the year

The Bakwena Platinum Corridor Concessionaire has announced the fourth quarter of this year as the revised launch date for contactless payments along the Bakwena N1/N4 route. The new payment methods... 

Atlantis SEZ Zone 1 launched with Quantum V3 facility sod turning

Zone 1 of the Atlantis Special Economic Zone (ASEZ), in the Western Cape, was officially launched on April 7 with the sod turning ceremony for the Quantum V3 facility, which will support South... 

Joburg to rehabilitate buildings declared uninhabitable in inner city

The City of Johannesburg (CoJ) will rehabilitate buildings that have been declared uninhabitable by the courts, with the objective of leasing them to stimulate urban renewal, attract investment,... 

New IDT chairperson, deputy elected following 18-month vacancy

Public Works and Infrastructure Minister Dean Macpherson has welcomed the election of Zimbini Hill as the chairperson and Professor Raymond Nkado as the deputy chairperson of the State-owned... 

Clear measurables needed to drive greater investment, Gauteng conference delegates told

Several speakers participating in the Gauteng Investment Conference, last week, said clear, measurable objectives for public, private and public-private projects are necessary to hold all parties... 

Herbert Smith Freehills, Kramer Levin form new global law firm

Law firms Herbert Smith Freehills and Kramer Levin have confirmed that their partnerships have voted overwhelmingly to combine the firms, thereby creating a fully-integrated global law firm Herbert... 

EDF Renewables commissions South Africa’s first IPP-built main transmission substation

Renewable-energy company EDF Renewables has commissioned South Africa’s first main transmission substation built by an independent power producer (IPP), in the Northern Cape. The Koruson 400/132 kV... 

Yoco adds free additional tools to its SME business services platform

Small and medium-sized digital business tools company Yoco has added a range of new features to its platform. The tools connect and share data to provide business owners with real-time insight into... 

New risks loom as trade landscape shifts

Global trade started this year on stable ground, but challenges are mounting and the latest Global Trade Update by United Nations Trade and Development (Unctad), which covers data through to early... 

Gauteng secures R312.5bn in investment pledges, exceeding its initial goal

Gauteng, through the provincial Growth and Development Agency (GGDA), has secured investment pledges from South African and international companies to the value of R312.5-billion, exceeding its... 

Preference Capital secures R450m funding to drive SME Growth

Small and medium-sized enterprises financial services provider Preference Capital Group has secured R450-million in capital from diversified financial services management firm Rand Merchant Bank... 

Inaugural Gauteng Investment Conference seeks to attract R300bn in development investment pledges

The Gauteng Investment Conference, to be held on April 3, in Melrose, will focus on public-private infrastructure investment, advanced manufacturing, green and renewable energy, ICT and data... 

Sars collects R1.86tr during year to end March

Tax authority the South African Revenue Service (Sars) collected a net amount of R1.86-trillion during the fiscal year to end March 2025, and which is R8.8-billion higher than the revised estimate,... 

Standard Bank sets new sustainable finance target of R450bn by 2028

Financial services provider Standard Bank has updated its group sustainable finance targets and aims to mobilise more than R450-billion by 2028 for energy and infrastructure development on the... 

Sephaku Cement increases profit despite drop in volumes, revenue

Building and construction materials company Sephaku Cement achieved an after-tax profit of R42.6-million for the financial year ended December 31, 2024, compared with R41.9-million in 2023. Sales... 

South Africa records R20.9bn trade balance surplus in February – Sars

South Africa recorded a preliminary trade balance surplus of R20.9-billion in February, attributable to exports of R164-billion and imports of R143.1-billion, inclusive of trade with Botswana,... 

AECI to dispose of ImproChem Public Water division, finalises Much Asphalt sale

JSE-listed chemicals group AECI will dispose of its wholly-owned water and process solutions subsidiary ImproChem Public Water business to a South African majority black-owned special purpose... 

Globeleq appoints Jonathan Hoffman as fulltime CEO

Independent power producer Globeleq has appointed interim CEO Jonathan Hoffman as its permanent Group CEO following a thorough and extensive search process that evaluated internal and external... 

Voice-activated Valor panic app aimed at enhancing safety

Voice-activated panic app Valor enhances safety because a user can alert armed response and medical emergency teams as soon as she or he becomes aware of a threat or danger, thereby minimising the... 

South Africa should work to broaden trade relations

South Africa must build trade relationships more widely owing to the risks to the economy from the tariffs imposed by the US administration under President Donald Trump, says business lobby... 

Policy Uncertainty Index rises further into negative territory

The North-West University (NWU) Business School’s Policy Uncertainty Index (PUI) for the first quarter of this year rose much further into negative territory to 78.6 from 65.7 in the fourth quarter... 

DPWI reports progress in tackling construction ‘mafia’ stoppages

Public Works and Infrastructure Minister Dean Macpherson has reported significant progress in reducing construction stoppages by criminal syndicates through intensified intelligence gathering, data... 

YOA launches larger optical fibre cable factory at Dube TradePort

Fibre-optic cable manufacturer Yangtze Optics Africa (YOA) Cable officially opened its new 14 000 m2 optical fibre factory in the Dube TradePort, in La Mercy, KwaZulu-Natal, on March 11. The... 

C-BRTA welcomes reopening of Grobler’s Bridge and Stockpoort ports of entry

The Cross-Border Road Transport Agency (C-BRTA) welcomes the announcement by the Border Management Authority (BMA) that operations have resumed at the Grobler’s Bridge and Stockpoort ports of... 

78% of businesses in Africa made climate-friendly investments in past 5 years – survey

According to audit and assurance firm PwC’s twenty-eighth ‘Annual Global CEO Survey’, 78% of CEOs in sub-Saharan Africa initiated climate-friendly investments in the past five years, and are... 

Ascendis Health increases interim NAV from organic growth

Health and wellness investment holding company Ascendis Health increased its net asset value (NAV) by 12% year-on-year to R660-million for the six months ended December 31. The higher NAV was... 

Gauteng govt, partners open digital learning courses for citizens

The Gauteng Department of e-Government has formed a partnership to provide a digital learning platform, Mzansi Digital Learning, on which Gauteng residents can access free courses. The Gauteng... 

Transnet, Satawu sign three-year wage deal

State-owned Transnet and labour union the South African Transport and Allied Workers’ Union (Satawu) have signed a three-year wage agreement for increases of 6% in the first two years and a 5.5%... 

Sentech, chamber partner to grow SMMEs in ICT

State-owned digital infrastructure services provider Sentech and small, medium-sized and microenterprises (SMMEs) organisation the Information and Communications Technology SMME Chamber (ICT SMME... 

Record 585 GW of renewables added in 2024

The ‘Renewable Capacity Statistics 2025’ report released by global organisation the International Renewable Energy Agency (Irena) shows a 585 GW increase in renewable power capacity during 2024,... 

City of Cape Town, SACPCMP sign professional construction skills partnership

The City of Cape Town (CoCT) has signed a partnership agreement with industry regulator the South African Council for the Project and Construction Management Professions (SACPCMP) to... 

Mann + Hummel opens Gauteng factory – its first in Africa

Filtration solutions manufacturer Mann + Hummel has opened its first factory in Africa, in Kempton Park, Gauteng. “This is a new chapter for Mann + Hummel South Africa, which started here in a... 

Progress made in 2024 in waste reduction in glass packaging industry, says TGRC

Nonprofit producer responsibility organisation The Glass Recycling Company (TGRC) says 2024 saw substantial progress in sustainability and waste reduction within the glass packaging industry. The... 

AfCFTA is key to Africa's economic resilience – UN ECA report

The African Continental Free Trade Area (AfCFTA) agreement could play a crucial role in addressing key sustainable development challenges in Africa, the UN Economic Commission for Africa (ECA) 2025... 

Afrimat Construction Index records third successive quarter of increases

The Afrimat Construction Index (ACI) for the fourth quarter of 2024 increased by 0.6% quarter-on-quarter and 2.5% year-on-year – the third successive quarter of improvements. This is the first time... 

Mulilo appoints Freddie Meyer CFO

Renewable energy independent power producer Mulilo has appointed Freddie Meyer as its CFO, effective from April 1, succeeding Russell Bedford who is retiring after 13 years at the company. Meyer... 

Citrus exports showing stable and balanced growth

Industry organisation the Citrus Growers' Association of Southern Africa (CGA) says all available data project that exports are in line with the five-year average, which means there will be... 

dtic calls for public comment on proposed designation of Fetakgomo-Tubatse SEZ

Trade, Industry and Competition Minister Parks Tau has published the intention to designate the Fetakgomo-Tubatse as a special economic zone (SEZ) for public comment. The proposed SEZ will be...