Collapse in rail service has increased road freight volumes and risks

A spate of attention-grabbing road safety incidents involving trucks has sparked debate about the state of land transport in South Africa and brought the safety of trucks and their operators into... 

Absa partners with BAIC South Africa on vehicle finance solutions

Financial services provider Absa has entered into a vehicle finance alliance agreement with local subsidiary of the Beijing Automotive Group, BAIC South Africa (BAIC SA), as the vehicle... 

Implats acquires another 1.07m RBPlat shares

JSE-listed platinum group metals (PGMs) miner Impala Platinum (Implats) has acquired an additional 1.07-million shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat) – representing 45.09% of... 

R400m energy fund launched to help finance backup power solutions for SMEs

Small and medium-sized enterprise (SME) financier Business Partners has launched a R400-million Energy Fund aimed at helping SMEs finance viable sources of alternative electricity and thereby keep... 

Centamin lifts revenue, production in first quarter

LSE- and TSX-listed gold miner and explorer Centamin produced 14% more gold year-on-year in the first quarter of this year at 105 875 oz, while its revenue increased by 18% year-on-year to... 

Nampak appoints interim CEO after Smuts resigns

Packaging company Nampak reports that board member and CEO Erik Smuts has resigned, with effect from April 20, and will be succeeded, on an interim basis, by current restructuring committees... 

Untapped renewable resources in Africa should receive more attention – RES4Africa

As the majority of the world embraces a shift in electricity generation away from fossil fuels towards greener, renewable sources of energy, Africa faces several challenges in attracting investment... 

Copper 360 raises R152.5m ahead of AltX listing

Ahead of its upcoming AltX listing on the JSE on April 21, JSE-listed copper miner Copper 360 raised R152.5-million by April 18 at an oversubscription rate of 1.3 times. Copper 360 has a dozen... 

City of Cape Town earmarks R1.2bn for Steenbras peaker plant upkeep

The City of Cape Town’s ‘Building Hope’ budget for 2023/24 proposes continued investment in its Steenbras hydroelectric pumped storage scheme, laying the foundation for a potential estimated... 

Latest assays uncover best gold intercepts to date at Osino’s Namibia project

TSX-V-listed gold explorer and developer Osino Resources has made the “best intercepts recorded in the company’s history” at its Ondundu gold project, in Namibia, following recently completed... 

Domestic perseverance keeps business confidence afloat, Sacci reports

After having shed 4.4 index points in January and one index point in February, the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) declined by a further 0.6... 

Implats increases stake in RBPlat to 44.72%

JSE-listed platinum group metals (PGMs) miner Impala Platinum (Implats) has concluded agreements to acquire a further 690 736 shares in fellow PGMs miner Royal Bafokeng Platinum (RBPlat),... 

Meeting with Mines Ministry leaves hope for speedy Haib licence renewal – Deep-South

Haib Minerals, the fully-owned Namibian subsidiary of copper explorer and developer Deep-South Resources, held a “very constructive” meeting with Namibia’s Mines Minister Tom Alweendo, Mines... 

Thor Explorations’ Segilola mine delivered 20 629 oz of gold in the first quarter

Aim- and TSX-V-listed gold explorer and miner Thor Explorations, which owns and operates the Segilola gold mine, in Nigeria, produced 20 629 oz of gold in the first quarter of this year at an... 

Assays point to high-grade zones in rare earth exploration of Kangankunde

Exploration at rare earth and bauxite resources developer Lindian Resources’ Kangankunde rare earths project, in Malawi, has returned long intersections of high-grade, non-radioactive rare earths,... 

AfDB, AFD extend $300m in funding to Tanzania’s Kakono hydroelectric plant

The government of Tanzania, the African Development Bank (AfDB) and the French Development Agency (AFD) have signed agreements for two development project loans worth $300-million to finance the... 

Ivanhoe bolsters sustainability on numerous fronts

With a 26-year history in the African mining sector, diversified miner Ivanhoe Mines is building on the sustainability goals of the group and enhancing the long-term strategy of its flagship and... 

BMW celebrates half century of carmaking in South Africa with the release of new emblem

BMW South Africa is celebrating its 50 years of manufacturing cars in South Africa with the launch of a newly-designed marketing emblem that is inspired by a work of art crafted by South African... 

Untethered electric train growth to quadruple by year-end – IDTechEx

Demand for “untethered” electric trains will increase rapidly over the coming years, with sales to grow four-fold year-on-year to reach over 100 deliveries this year, according to a report by... 

Theta granted water-use licence for TGME underground

South Africa’s Department of Water and Sanitation (DWS) has awarded a water-use license (WUL) for ASX-listed gold miner Theta Gold Mines’ Mining Right 83, which covers the majority of the initial... 

Blyvoor Gold boosts supplier development, improves near-mine community

Blyvoor Gold, which operates the Blyvoor mine – once one of the largest gold mines in the world – has invested more than $100-million in refurbishing and upgrading the mine after it stood idle for... 

Oriole to transfer interest in Cameroon CLP to subsidiary to boost investment potential

West Africa-focussed explorer Oriole Resources is transferring its 90% interest in the Cameroon-based Central Licence Package (CLP) to subholding company NewCo, to enable project-level investment.... 

Sibanye refinances, increases dollar-denominated facility to $1bn

Multinational mining and metals processing group Sibanye-Stillwater has successfully refinanced and increased its dollar-denominated revolving credit facility from $600-million to $1-billion,... 

Belgium diamantaire sets up shop in OR Tambo economic zone

Belgium-based diamond jeweller Pluczenik has chosen to establish a local division – Pluczenik South Africa – at the OR Tambo Special Economic Zone (SEZ), in Ekurhuleni, Gauteng. To commemorate... 

Government confident of meeting five-year investment goal of R1.2tr – Patel

The South African government is “confident” of reaching its goal of attracting R1.2-trillion in investment over the five years since launching its yearly South African Investment Conference (SAIC)... 

Interruption, disruption, natural catastrophes top list of risks for construction, engineering sector

Business interruption, supply chain disruption and natural catastrophes rank as the top risks facing the construction and engineering sector, followed most recently by the energy crisis, according... 

De Beers names diamond containing another diamond the ‘Beating Heart’

Diamond grading and analysis company the De Beers Institute of Diamonds, part of De Beers Group, reports that it has formally named an unusual diamond containing another diamond the “Beating Heart”... 

Marula advances plans with partners to commission Kinusi copper processing plant

Africa-focused miner and developer Marula Mining is advancing plans to install a copper processing plant at its 75%-owned Kinusi copper project, in Tanzania, with initial design and capital and... 

South Africa CIO Summit to welcome digital economy leaders

The International Data Corporation’s (IDC’s) yearly South Africa CIO Summit will take place on May 18 at the Sandton Convention Centre under the theme ‘Enabling the Digital Economy’s Leaders’. The... 

Akrokeri exploration returns positive results

Aim-listed gold explorer and producer GoldStone Resources has received assay results from a diamond drilling programme at the Akrokeri underground mine (AUM), in Ghana, confirming the company’s... 

Nampak lenders agree to loan extensions

JSE-listed packaging company Nampak has successfully concluded new terms for its term loan revolving credit facility (RCF) and US private placement (USPP) lenders, extending the repayment of... 

SolarAfrica uses Ford Silverton project as springboard into national solar rollout

Building on its R170-million investment pledge at the South Africa Investment Conference (SAIC) in 2020, solar photovoltaic (PV) energy solutions company SolarAfrica has continued to roll out solar... 

Locally developed BozaRide ride-hailing service launched in Gauteng, promises to be different

Promising to be different, consistently affordable and safer than other ride-hailing platforms operating in South Africa, Sandton-headquartered BozaRide launched in three major metropolitan... 

BMW celebrates 50 years of carmaking in South Africa with the release of new emblem

BMW South Africa is celebrating its 50 years of manufacturing cars in South Africa with the launch of a newly-designed marketing emblem that is inspired by a work of art crafted by South African... 

Patel highlights challenges faced by South African manufacturers, notes govt efforts

To boost productivity in South Africa, four key business factors need urgent and significant attention, namely increasing energy security, increasing government spending on infrastructure projects,... 

Pilot tourism-boosting project floated to grow the industry

A new strategy to reinvigorate tourism in South Africa – the Domestic Tourism Remodelling Model (DTRM) was highlighted at the 2023 Tourism Research Seminar, hosted by the Department of Tourism on... 

Belgium diamantaire establishes presence in OR Tambo SEZ

Belgium-based diamond jeweller Pluczenik has chosen to establish a local division – Pluczenik South Africa – at the OR Tambo Special Economic Zone (SEZ), in Ekurhuleni, Gauteng. To commemorate... 

Global trade down despite hitting record $32tr, green goods up – Unctad

Despite reaching a record $32-trillion in 2022, global trade growth turned negative in the second half of 2022 amid deteriorating economic conditions and rising uncertainties, reports the United... 

Marula appoints technical consultant, lawyers in preparation for Aim listing

Africa-focused miner and developer Marula Mining is preparing to list on the LSE’s Aim and has appointed mining and environmental consultancy MSA Group as the technical consultant for the listing... 

Manufacturer confidence declines to near global financial crisis levels, Absa survey shows

A manufacturing survey undertaken by financial services company Absa finds that confidence levels in the manufacturing sector dropped by nine points to 17 in the first quarter – the lowest since...