Bell Equipment appoints two new independent nonexec directors

JSE-listed original-equipment manufacturer Bell Equipment has appointed two independent nonexecutive directors - Shane Fitzpatrick (with effect from July 1) and Harish Ramsumer (with effect from... 

Goodwall partners with Microsoft, HP to launch youth-focused AI upskilling initiative

Skills-based social network Goodwall has joined forces with big tech firms Microsoft and HP to launch the NextGen AI Alliance, an innovative global partnership designed to equip young people with... 

Sarens does the heavy lifting at new Namibian wind farm

Heavy lifting and crane rental services company Sarens, through its South African division Sarens Siba, is working on the installation of 125 t wind turbine generators (WTGs) for the first phase of... 

Ditsobotla Cement Manufacturers Forum hands over resource centre to TVET college

Cement manufacturers Afrimat, AfriSam and Sephaku Development, collectively known as the Ditsobotla Cement Manufacturers Forum (DCMF), have officially handed over a fully refurbished and modernised... 

TPT exceeds container terminal targets for May

Transnet Port Terminals (TPT) exceeded its targets in May for the arrival, berthing and departure of vessels in line with its shipping agreements across three of its five container terminals. The... 

Grinrod’s Mbambo to join Kumba as CFO from January

Iron-ore miner Kumba Iron Ore has announced that CFO Bothwell Mazarura will be stepping down to pursue other interests after nearly eight years of service since his appointment in September 2017.... 

Africa must spend one-third of GDP to meet renewables SDG – analyst

Frontier economies, mostly located in Africa, would need to spend one-third of their GDP by 2030 to achieve renewable power generation goals under the Sustainable Development Goal (SDG) scenario,... 

Mantashe publishes changes to Minerals Bill

On June 9, Mineral and Petroleum Resources Minister Gwede Mantashe gazetted an erratum to the Mineral Resources Development Bill, initially published for public comment on May 20. The correction... 

LexisNexis launches generative AI platform to streamline work of legal professionals

Legal content and technology provider LexisNexis officially launched its generative AI platform Lexis+ AI in South Africa on June 19. The tool, which is designed to support legal professionals by... 

FDI flows into Africa rose by 75% to $97bn in 2024, Unctad report shows

The latest ‘World Investment Report’ from UN Trade and Development (Unctad) highlights a significant rebound in foreign direct investment (FDI) inflows to Africa. In 2024, foreign investment in the... 

Lack of belief in Africa’s economic prospects is holding the continent back, Mataboge says

It is not a deficit of resources that is holding Africa back but rather a deficit of belief in Africa’s prospects as a formidable player in the global political economy, African Union (AU)... 

Effective workforce management through AI integration is a key growth driver, expert says

Superior customer experience is insufficient for businesses to maintain their positioning in the market because, in the employee experience economy, effectively managing your workforce is more... 

Andrada secures additional tin supply from nearby orebody

Tin producer Andrada Mining has secured additional supply from a tin orebody at Goantagab in close proximity to the company’s operating Uis mine and processing facility, in Namibia. The orebody,... 

Central bank gold reserves surge amid global uncertainty, survey reveals

Central banks have accumulated more than 1 000 t of gold in each of the last three years, up significantly from the 400 t to 500 t average over the preceding decade, according to the World Gold... 

FDI into developing countries has dwindled to lowest levels since 2005, World Bank says

Flows of foreign direct investment (FDI) into developing economies have dwindled to the lowest level since 2005 amid rising trade and investment barriers, new research from the World Bank has... 

Mavuso admonishes Transnet for capitulating to ‘unreasonable’ union demands

Business Leadership South Africa CEO Busisiwe Mavuso has said she was “astounded” to see news last week of State-owned Transnet's capitulation to unions’ strike threats, eventually agreeing to give... 

Steel localisation should remain focused on machinery, automotive, construction industries, experts say

The main contribution from the steel value chain to South Africa’s GDP comes from machinery and automotive production, along with the construction industry. From this standpoint, maximising the... 

CSIR, Coega sign MoU to collaborate on research and development

The Council for Scientific and Industrial Research (CSIR) and the Coega Development Corporation (Coega), which is responsible for managing the Coega Special Economic Zone, in the Nelson Mandela Bay... 

Transport sector shows signs of stabilisation amid ongoing structural challenges – index

After declining for eight consecutive months to reach a revised index level of 113.5 in January, the lowest level since December 2022, the Ctrack Transport and Freight Index (TFI) increased in each... 

SABS investigation extended by one month

The conclusion of the independent investigation into State-owned South African Bureau of Standards (SABS) by private contractor TSU International – the investigative arm of international security... 

Gemfields raises $30m through rights issue

Gemstone miner Gemfields has successfully completed a fully underwritten rights issue, which was first announced on April 11. The rights issue has resulted in the issuance of about 556-million new... 

City Power calls on poor households to register for free basic electricity

The City of Johannesburg’s (CoJ’s) electricity utility City Power has called on all qualifying indigent households across Johannesburg to register for the free basic electricity (FBE) programme –... 

After US visit, Tau wants South Africa to focus on other markets

Hot on the heels of his visit to the White House as part of President Cyril Ramaphosa’s South African delegation, Trade, Industry and Competition Minister Parks Tau has emphasised the need to... 

Uncertainty persists over key mining Bill clauses as Mantashe publishes erratum

The latest version of the Mineral Resources Development Bill of 2025, released for public comment on May 20, is unlikely to meet its objectives and may instead prolong regulatory uncertainty,... 

Uncertainty persists over key mining Bill clauses as Mantashe publishes erratum

The latest version of the Mineral Resources Development Bill of 2025, released for public comment on May 20, is unlikely to meet its objectives and may instead prolong regulatory uncertainty,... 

Red Rock expects significant progress in DRC case imminently

Natural resource exploration and development company Red Rock Resources has said it anticipates a crucial milestone to be met soon in its ongoing legal campaign in the Democratic Republic of Congo... 

Minerals Council still unhappy with new mining Bill despite two key changes

Despite Mineral and Petroleum Resources Minister Gwede Mantashe gazetting a much-welcomed erratum to the controversial new Mineral Resources Development Bill on June 9, the Minerals Council South... 

Kinetiko to raise $2.2m through placement to fund commercialisation of Mpumalanga gas projects

ASX-listed Kinetiko Energy has received firm commitments from professional and sophisticated investors to raise up to $2.2-million through the placement of more than 55-million new fully paid... 

Newly approved National Labour Migration Policy seeks to boost critical skills retention, legal experts say

South Africa’s newly approved National Labour Migration Policy seeks to attract or retain critical skills needed in the economy, which will be done by identifying skills shortages and enhancing... 

Local auto manufacturers know they need to decarbonise but lack understanding of how to manage emissions

A recent study conducted by naamsa | The Automotive Business Council and Nedbank revealed that 60% of respondents were aware of the need to decarbonise, especially in light of the EU’s Carbon... 

Global gold supply to rise by 1% this year, report shows

Significant gains in gold mine production will lift total global gold supply by 1% this year, precious metals consultancy Metals Focus has revealed in its newly published ‘Gold Focus 2025’ report.... 

Andrada reports performance improvements on the back of continuous improvement programme, upgrades

Tin, tantalum and lithium miner Andrada Mining has reported solid performance improvements at its Uis operation in Namibia, supported by enhancements from the company’s Continuous Improvement 2... 

Ironveld achieves first blast at Lapon

Mining development company Ironveld’s South African subsidiary Lapon Mining has successfully completed its first blast at the planned opencast pit located on the Altona farm, in Limpopo. The blast... 

Steel localisation should remain focused on machinery, automotive, construction industries, experts say

The main contribution from the steel value chain to South Africa’s GDP comes from machinery and automotive production, along with the construction industry. From this standpoint, maximising the... 

Responsible Gold appoints new president

Blockchain-powered ecosystem for traceable and ethically sourced gold Responsible Gold has announced the appointment of Sakhila Mirza as its president. She will oversee the firm’s next phase of... 

Was the George building collapse a warning or an aberration?

On May 6, 2024, the Neo Victoria project – a residential building that was still under construction in George, in the Western Cape – collapsed without warning, claiming the lives of 34 of the 62... 

Was the George building collapse a warning or an aberration?

On May 6, 2024, the Neo Victoria project – a residential building that was still under construction in George, in the Western Cape – collapsed without warning, claiming the lives of 34 of the 62... 

Creecy orders mediation between ACSA, ACS to resolve hold baggage screening dispute

Transport Minister Barbara Creecy has issued a Ministerial order to the Airports Company of South Africa (ACSA) board to engage in a mediation process with Airports Coordination Services (ACS).... 

Global energy investment to reach record $3.3tr this year

Global energy investment is set to increase to a record $3.3-trillion this year, despite headwinds from elevated geopolitical tensions and economic uncertainty, according to the International... 

Trump’s possible G20 absence should not distract from summit goals, economist says

Absa macro and fixed-income research head Jeff Gable thinks it is “ridiculous” that discussions are abounding about whether or not the US will boycott the 2025 G20 Summit later this year or not,...