Nersa approves tariff increases for new financial year, City Power unpacks higher charges

The National Energy Regulator of South Africa (Nersa) has approved the tariff applications of 178 licenced electricity distributors, including municipal and private distributors, for the 2024/25... 

SolarSaver showcases innovations of its latest solar installation in Melrose Arch precinct

Energy company SolarSaver has successfully completed a solar installation at the Marriott Hotel Melrose Arch and the African Pride Hotel, both of which are based in the Melrose Arch precinct in... 

Hive Hydrogen to boost Gqeberha economy

Energy company Hive Hydrogen’s incoming R105-billion green ammonia plant in the Coega Industrial Development Zone, in Gqeberha, will create major opportunities for green industrial development and... 

Experts unpack the evolution of ESG across the mining value chain

Environmental, social and governance (ESG) has evolved to being driven by external factors such as shareholder activism and investor confidence, rather than regulatory frameworks, finds a panel... 

South African govt, stakeholders seek further WTO support in citrus industry's battle with the EU

The South African government and industry organisations have requested that two panels be established at a meeting of the Dispute Settlement Body (DSB) of the World Trade Organisation (WTO) to... 

Citrus Academy launches targeted skills training programme

Nonprofit training organisation the Citrus Academy has introduced a new Citrus SuperPower programme with which it aims to develop the skills and knowledge of supervisors, open new growth and... 

Eskom reports arrest of copper cable thief at Matla

State-owned power utility Eskom has apprehended a suspected copper cable thief at the Matla power station after security officers discovered the individual during routine search duties. The... 

Cape Town nears completion of prepaid meter upgrade ahead of deadline

The City of Cape Town is nearing the successful completion of an electricity meter upgrade programme across the city ahead of the December deadline, when the current prepaid electricity metering... 

Massmart funds seafood sampling research at Wits

Retail group Massmart will sponsor Honours level postgraduate research in the University of Witwatersrand’s (Wits’) Department of Molecular and Cell Biology aimed at improving the technique used to... 

SA Canegrowers implores new Tongaat owners to pay outstanding levies

Following the Competition Commission recommendation that the Competition Commission approve Vision consortium’s proposed takeover of embattled sugar producer Tongaat Hulett, industry body SA... 

WEF highlights AI, cooling solutions, genomics, carbon capture as top emerging technologies

The World Economic Forum (WEF) has identified the ten technologies with the greatest potential to make a positive impact in the world in the next three to five years. The WEF unpacks these... 

Kodal confirms lithium extension into Boumou prospect on Bougouni licence

Aim-listed lithium developer Kodal Minerals has confirmed further mineralised extensions on the Boumou prospect, within the Bougouni lithium project, in Mali. The company has determined that... 

Hyprop expects higher full-year tenant revenue in South Africa, Eastern Europe

Shopping centre-focused real estate investment trust Hyprop Investments continues to make progress on key priorities having been set for the 2024 financial year ending June 30, including... 

Mavuso says incoming Ministers must have integrity, competency

Re-elected President Cyril Ramaphosa’s promise to build a government that is “capable and honest” will depend on new Ministers being able to put party politics aside and focus on getting the job... 

RCL expects 75% y/y growth in headline earnings

JSE-listed consumer goods group RCL Foods expects to report a 75% year-on-year increase in headline earnings per share (HEPS) for the financial year ending June 30, supported by higher earnings in... 

El Niño dries up South Africa’s agricultural business confidence for the second quarter

The Agricultural Business Chamber of South Africa (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) reached a 15-year low of 38 points in the second quarter of... 

ICMM suggests tax reforms to drive greater investment to meet demand for metals and minerals

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 

Global renewables pledges fall short of COP28 targets

Although Nationally Determined Contributions (NDCs) are key to decarbonisation, current NDCs only amount to 1 300 GW, or 12%, of the renewable energy capacity needed to meet the objective of... 

Mokopane takeover sanctioned

The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province. SPR Fund I... 

Commission approves Prax’s acquisition of Natref

The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to... 

Orange export volumes to be lower than initially expected

The Citrus Growers’ Association of Southern Africa (CGA) has revised downward its estimates for Navel orange exports this season to 22-million 15 kg cartons. The association initially expected... 

Global growth will not exceed pre-pandemic levels until 2026 at least – World Bank

The World Bank expects the global economy to stabilise for the first time in three years, but at a level that is still weak by historical standards. In its latest ‘Global Economic Prospects’... 

Kamoa-Kakula Phase 3 concentrator achieves first production ahead of schedule

Canada-headquartered miner Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator, in the Democratic Republic of Congo (DRC). The Phase 3... 

Oriole starts delayed Phase 5 drilling at Cameroon project

Aim-listed Oriole Resources has advised of a number of logistical challenges hampering a Phase 5 drilling programme on the main mineral resource area of its Bibemi gold project, in Cameroon.... 

Food manufacturer Premier reports higher operating profit, cash generation

JSE-listed fast-moving consumer goods manufacturer Premier Group has reported a robust set of results for the year ended March 31, with an 18.6% year-on-year increase in earnings before interest,... 

Sacci records dip in BCI over April, May as elections unfolded

The South African Chamber of Commerce and Industry (Sacci) says the lead up to the national and provincial elections on May 29 had a notable effect on business confidence during April and May, with... 

Natural disasters emerge as top risk consideration for professionals in construction, property

Thirty-eight percent of 3 000 risk management professionals and business leaders agree that natural catastrophes, fire and explosion risks are emerging as primary concerns in the engineering,... 

Hive Hydrogen investment propels more economic opportunities in Gqeberha

Energy company Hive Hydrogen’s incoming R105-billion green ammonia plant in the Coega Industrial Development Zone, in Gqeberha, will create major opportunities for green industrial development and... 

Nelson Mandela Bay Business Chamber launches think tank to drive job creation in ‘bay of opportunity’

One of the country’s most active business organisations the Nelson Mandela Bay Business Chamber (NMBBC) has launched a Local Economy Reinvention Think Tank, marking another step in its vision of... 

Agriculture, mining remain growth areas for Omnia, despite difficult operating environment

JSE-listed chemicals group Omnia has reported a 10% decrease in operating profit to R1.7-billion for the financial year ended March 31, saying this reflected volatile market conditions and global... 

Eskom confirms conviction of suspect found tampering with infrastructure at Matla

State-owned power utility Eskom reports that one of the two accused suspects in a case involving critical infrastructure tampering has been convicted at the Kriel Magistrate Court and sentenced to... 

ICMM suggests tax reforms to drive greater investment to meet metals, minerals demand

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 

Tirupati clarifies rationale of certain corporate actions amid minority shareholder pressure

London-listed emerging graphite miner Tirupati Graphite has, in a statement to shareholders on June 5, explained its rationale for appointing certain board members rather than those suggested by a... 

Business confidence ticked up ahead of elections but more is needed to spur investment

The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI) increased by five points to 35% in the second quarter of the year ahead of the national... 

Unctad outlines reforms to avoid impending global public debt crisis

Global body UN Trade and Development (Unctad) has urged action to deal with the alarming surge of global debt and proposed reforms to international finance systems to safeguard “a prosperous future... 

New SA Canegrowers chair calls on govt to fulfil its promise of a sugar tax review

With major sugar mills remaining in business rescue and a possible increase in the Health Promotion Levy (HPL), or sugar tax, still looming, the sustainability of the sugar industry remains under... 

Decentral completes installation of gas-powered minigrid for manufacturer in Pretoria

Distributed energy solutions company Decentral Energy has installed a 1.3 MW stationary gas engine and diesel generator at a fast-moving consumer goods manufacturer’s premises, in Rosslyn,... 

NNR hosts new round of talks with public over Koeberg’s life extension

The National Nuclear Regulator (NNR) has started with another round of hearings on June 3, owing to concerns about the last consultation process having been insufficient. The regulator conceded... 

Global renewable-energy commitments fall short of COP28 targets

Although Nationally Determined Contributions (NDCs) are key to decarbonisation, current NDCs only amount to 1 300 GW, or 12%, of the renewable energy capacity needed to meet the objective of... 

RCL proceeding with Rainbow unbundling as a standalone listed business

JSE-listed consumer goods group RCL Foods has received approval from its directors to unbundle and separately list the Rainbow Chicken business on the JSE. RCL first announced its intent to...