Akobo achieves first revenue-generating quarter

Euronext- and Frankfurt-listed Akobo Minerals reported its first revenue-generating quarter, with an income of SKr10.6-million for the fourth quarter of 2024, not including 2.3 kg gold produced in... 

Capital reports more than 50% decline in EPS in a ‘year of transition’

London-listed mining, drilling, maintenance and geochemical analysis solutions provider Capital has reported a 53.5% year-on-year decline in basic earnings per share (EPS) to $0.089 in 2024, from... 

FNB/BER Civil Confidence Index falls further in the first quarter

Following a decline to 48 in the fourth quarter of 2024, the FNB/BER Civil Confidence Index fell by a further three points to 45 in the first quarter of 2025. The index can vary between a maximum... 

Mooted infrastructure projects need to be executed to restore steel demand, association says

Local steel consumption needs to be ramped up significantly through the execution of mooted infrastructure projects, by both the public and private sectors, Hot Dip Galvanizers Association of... 

African exporters to face market challenges as EU expands Carbon Border Tax

Recent amendments to the EU’s Carbon Border Adjustment Mechanism (CBAM) regulatory framework, introduced on February 26, are expected to have significant implications for African exporters. The... 

Suiso, CGS launch joint programme to investigate carbon capture potential

Blue ammonia production company Suiso and the Council for Geoscience (CGS) have entered into a collaboration to research South Africa’s subsurface potential for carbon capture and green hydrogen... 

BYD Energy Storage introduces upgraded Battery-Box model

Integrated renewable energy solutions company BYD Energy Storage introduced a new BYD Battery-Box LV5.0+ at booth B214 at Solar and Storage Live Africa, in Johannesburg, on March 25. This new... 

Scatec signs 25-year PPA for additional 120 MW solar in Tunisia

Renewable energy solutions company Scatec has signed a 25-year power purchase agreement (PPA) with Tunisian State utility Société Tunisienne de l'Electricité et du Gaz for an additional 120 MW... 

We do not want to compete with steel, we want to replace it, GFRP Tech CEO says at facility launch

Structural reinforcement materials manufacturer GFRP Tech has opened a new research and development (R&D) and manufacturing facility in Linbro Park, Sandton. The facility – the result of... 

Net-zero strategies cannot succeed without breaking down silos – consultant

It is important for any company starting its journey towards net-zero or even-zero emissions to understand that, for a sustainability strategy to hold any water, the business needs to break down... 

Commentators warn AMSA bailout will fail without industrial policy overhaul

Steel producer ArcelorMittal South Africa’s (AMSA’s) purported petition to government for R3.1-billion to bail out its struggling long-steel operations would be a waste of money, unless accompanied... 

Updated study on Jelani Resources project under way

Aim- and OTCQB-listed gold exploration and development company Lexington Gold’s joint venture (JV) Jelani Resources has engaged Bara Consulting to conduct an updated study on the Jelani Resources... 

Mantashe lauds opening of Seriti's Naudesbank Colliery, insists coal mining remains critical

“King coal is back!” Mineral Resources and Petroleum Minister Gwede Mantashe exclaimed at the ribbon cutting of coal producer Seriti’s new Naudesbank Colliery, near Carolina, in Mpumalanga, on... 

We must adapt to permanently 1.5 ºC warmer climate, scientist says

Global warming has not only surpassed 1.5 ºC above preindustrial levels but is also set to remain at or above that level permanently, University of the Witwatersrand Professor Francois Engelbrecht... 

Nersa approves generation capacity charge, sets out other retail tariff plan changes

The National Energy Regulator of South Africa (Nersa) has approved, in principle, power utility Eskom’s application for a proposed generation capacity charge (GCC),  but adjusted to reduce the... 

Gauteng heavy equipment manufacturing sector has not reached its full potential, Maile says

After visiting manufacturing and engineering company JA Engineering’s facilities in Boksburg, Ekurhuleni, on March 13, Gauteng Finance and Economic Development MEC Lebogang Maile said he was upbeat... 

NUM worried about ‘possible bloodbath of job losses’ on multiple fronts

The National Union of Mineworkers (NUM) is worried about a “possible bloodbath of job losses” across multiple sectors, including steel, transportation, ferrochrome and mining, on the back of... 

CCC appoints security head, compliance officer

Copper producer Consolidated Copper Corp (CCC) has appointed Tim Flynn as group security head and Robert O’Neill as chief compliance officer to support the company’s operations and growth in... 

Budget needs to reduce policy, economic uncertainty, Busa says

After its unexpected postponement owing to disagreements between the partners in the Government of National Unity (GNU) last month, the 2025 Budget needs to reduce the policy and economic... 

South African Reit sector shows recovery in February

South Africa's real estate investment trust (Reit) sector showed a recovery in February, rebounding by 1.2% after price declines seen in January. This positive return outpaced the broader equity... 

Nedlac announces consensus on 47 labour law reforms

Negotiations between organised business, organised labour and government, led by the Department of Employment and Labour (DEL), on a substantive labour law reform process have now concluded. The... 

Attacq delivers strong half-year results on the back of Waterfall City success

JSE-listed real estate investment trust (Reit) Attacq, a strategic development partner of Waterfall City in Midrand, Gauteng, has announced a strong set of financial results for the six months... 

Capital board makes noncash provisions, impacting 2024 profits

London-listed mining services company Capital’s board has taken the decision to book noncash provisions in 2024, primarily relating to historical value-added tax receivables and various laboratory... 

Presidential Climate Commission calls for recommitment to global efforts on climate action

The Presidential Climate Commission (PCC) has called for a recommitment to global efforts on climate action at its seventeenth ordinary quarterly meeting on March 7. The meeting was convened to... 

DMRE denies allegations that it is ignoring claims of illegal sugilite mining

The Department of Mineral Resources and Energy (DMRE) has denied allegations from PP Gemstones that it is ignoring illegal sugilite mining by Black Rock mine and failing to respond to legal... 

Critical Mineral Resources secures £2.5m investment

London-listed Critical Mineral Resources (CMR) has signed an investment agreement with Gilini Holdings for the provision of £2.5-million in funding to be used for project acquisitions, expanding... 

Upcoming Budget speech has to grapple with rapidly changing geopolitical context, Mavuso says

Rapid changes in global geopolitics mean that this week’s Budget speech will takes place in an entirely different context, Business Leadership South Africa CEO Busisiwe Mavuso said in her weekly... 

Neo Energy formalises acquisition of Henkries South

Uranium developer Neo Energy has signed the formal legal documentation for its acquisition of the Henkries South uranium project, which is located in the administrative district of Namaqualand, in... 

Exxaro warns shareholders to expect disappointing 2024 earnings amid cost pressures

JSE-listed Exxaro Resources has warned shareholders that its headline earnings per share for the year ended December 31, 2024, are expected to have decreased by between 30% and 44% year-on-year to... 

New single structure to be established to govern State participation in PPPs

A single structure overseen by the National Treasury will be established during the 2025/26 fiscal year to coordinate State participation in project preparation and planning, public-private... 

We do not want to compete with steel, we want to replace it, GFRP Tech CEO says at facility launch

Structural reinforcement materials manufacturer GFRP Tech has opened a new research and development (R&D) and manufacturing facility in Linbro Park, Sandton. The facility – the result of... 

DPWI making progress despite challenges, Macpherson says

Although the Department of Public Works and Infrastructure (DPWI) continues to face numerous challenges, Public Works and Infrastructure Minister Dean Macpherson has noted that there are visible... 

Rehabilitation efforts at Sovereign Metals’ Kasiya progressing well

The rehabilitation of the land at the test pit site mined during triple-listed Sovereign Metals’ pilot mining and land rehabilitation programme at its Kasiya rutile/graphite project, in Malawi, has... 

PIC raises its stake in Pan African Resources to more than 12%

The Public Investment Corporation (PIC) has increased its shareholding in JSE- and Aim-listed Pan African Resources from 9.98% to 12.39% as at March 4. The PIC now owns about 251.49-million shares... 

Cashbuild reports modest increase in interim headline earnings

JSE-listed building materials retailer Cashbuild has reported a 1% year-on-year increase headline earnings of R120-million for the six months ended December 29, 2024, while its net asset value per... 

We want more investment but we will not relax BBBEE, Construction Sector Charter Council says

In response to the World Bank’s recent recommendation that South Africa relax its increasingly stringent and highly prescriptive broad-based black economic empowerment (BBBEE) laws to attract... 

Kavango appoints new COO

London-listed Kavango Resources nonexecutive director Alexandra Rose Gorman has agreed to become the company’s COO. The change in her role is expected to take effect in early June, whereupon she... 

Giyani produces high-purity manganese oxide in Johannesburg

TSX-V-listed Giyani Metals, which is developing the K. Hill battery-grade manganese project in Botswana, has announced the successful production of high-purity manganese oxide (HPMO) at its... 

Sappi issues €300m senior notes to refinance debt

Global renewable resource company Sappi has announced the offering of €300-million aggregate principal amount of senior notes due in 2032, in an offering that is exempt from the registration... 

Zanaga announces $21.5m equity fundraise to advance iron-ore project

Aim-listed Zanaga Iron Ore Company has announced an equity fundraise for gross proceeds of $21.5-million, with the potential to upsize to $23-million, conducted by way of subscriptions to a group...