Protectionism not the answer to South Africa’s economic problems, CDE says

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 

Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius

According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road... 

Russian war machine funded by illicit gold trading, WGC report states

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 

Bushveld suspends trading after failing to secure funds

Vanadium producer Bushveld Minerals has suspended the trading of its shares on the Aim market of the LSE after it failed to secure additional funds to address its liquidity position. The company... 

Iron-ore prices to remain at about $100/t in 2025, BMI says

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 

Rand Water appoints Centre for Biological Control to assist with biocontrol on the Vaal river barrage

The Department of Water and Sanitation (DWS) has designated Rand Water as the implementing agent for managing invasive alien plants on the Vaal River Barrage Reservoir (VRBR). These plants include... 

Lobito Atlantic Railways takes delivery of 275 new container wagons

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway... 

JSE censures, bans, fines Thabi Leoka

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of... 

Rio Tinto invests $16m in anti-deforestation project in Madagascar

Diversified miner Rio Tinto has committed $16-million to the Makira Natural Park’s Reducing Emissions From Deforestation and Forest Degradation in Developing Countries (REDD+) project, in northern... 

Level crossing incidents not only cost lives but also the economy, TFR CEO says

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 

National Treasury publishes Phase 2 carbon tax discussion paper for public comment

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 

Dipula records 4% increase in property portfolio value for 2024

JSE-listed real estate investment trust (Reit) Dipula Income Fund’s property portfolio has increased by 4% in value to R10.2-billion in the financial year ended August 31, contributing to a 5% rise... 

WSP’s digital-first approach played key role in building manganese rail infrastructure for South32

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s... 

Production ramp-up leads Mantengu to report big increase in interim revenue, profits

JSE-listed Mantengu Mining has reported a R102.8-million year-on-year increase in revenue from R13.1-million for the six months ended August 2023 to R115.9-million for the equivalent period this... 

Lotus completes its drilling programme at Letlhakane

ASX- and OTCQX-listed Lotus Resources has completed its infill and exploration drilling programmes at the Letlhakane uranium project, in Botswana. The company reported on November 12 that it had... 

Mbe exploration indicates wider zones of mineralisation

Aim-listed Oriole Resources has reported that full channel sampling results from Phase 2 infill trenching at the MB01 prospect at its 80%-owned Mbe gold project, in Cameroon’s Adamawa region,... 

Harmony reports flat production but improved cash flow from higher grades

JSE- and NYSE-listed Harmony Gold has reported relatively flat year-on-year gold production but announced significant improvements in operational cash flow owing to enhanced recovery grades. In its... 

‘No crisis looming’ as independent technical assessment set to resolve billing dispute between Eskom, City Power

Electricity and Energy Minister Dr Kgosientsho Ramakgopa has confirmed that an independent technical assessment of the R6.1-billion billing dispute between State-owned utility Eskom and the City of... 

JET Funding Platform to close first application window on Dec 15

The Just Energy Transition (JET) Funding Platform, launched on October 25, will close its first window for applications on December 15, according to JET Funding Platform analyst Mohlokoa Ngoasheng.... 

Tetra Pak on track to achieve a 40% recycling rate for its products by 2030

Food processing and packaging company Tetra Pak Southern Africa aims to achieve a 40% nationwide recycling rate for its liquid board packaging (LBP) products by 2030, a goal that Tetra Pak... 

Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies

While the decisive American election mandate, which has seen Donald Trump being all but confirmed as President elect in the US, has strengthened political certainty within that country, it has... 

TNPA issues RfI for tugboat clean fuels pilot project

State-owned Transnet National Ports Authority (TNPA) has published a request for information (RfI) for a strategic pilot project to use green and cleaner fuels for its selected diesel-operated... 

Funding in place for Lotus to restart Kayelekera production

The successful placement of A$130-million, along with A$25-million cash on hand at the end of September, as well as an imminent share purchase plan (SPP), have ensured that ASX- and OTCQX-listed... 

Minerals Council notes easing of mining input cost increases in September

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is... 

Pan African acquires remaining stake in Australian gold miner TCMG

Mid-tier gold producer Pan African Resources has acquired the remaining 92% of Tennant Consolidated Mining Group (TCMG) in Australia. The company disclosed on November 5 that the acquisition was... 

Akobo issues NKr25.3m unsecured convertible loan

Scandinavia-based gold developer Akobo Minerals, which owns and operates the Segele gold mine, in Ethiopia, has issued an unsecured convertible loan totalling NKr25.3-million with contributions... 

Sibanye-Stillwater reports 9% y/y growth in adjusted earnings for third quarter

Diversified miner Sibanye-Stillwater has announced a 9% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $184-million for the third... 

RMB, REdimension Capital, GBCSA release ESG proptech report

Financial institution Rand Merchant Bank (RMB) has, in partnership with REdimension Capital and the Green Building Council of South Africa (GBCSA), released an environmental, social and governance... 

Trip at Kriel power station’s Unit 6 will not lead to loadshedding, Eskom assures

State-owned utility Eskom has assured the country that the tripping of Unit 6 at the Kriel power station, in Mpumalanga, on November 3, would not impact the current generation capacity or lead to... 

AECI to sell Much Asphalt for R1.1bn

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 

Field activities completed at Altona’s Monte Muambe

LSE-listed Altona has completed all field activities relating to a scoping study on short-term fluorspar mining at Monte Muambe, in Mozambique. The results of the study are expected to be available... 

Aura appoints Mauritania country manager

ASX- and Aim-listed Aura Energy has announced the appointment of Mohamed El Moctar Mohamed El Hacene to the newly established role of country manager Mauritania. Hacene is a qualified Mauritanian... 

Sino Africa Gases established in Newcastle

The new food-grade liquid CO2 manufacturing plant of Sino Africa Gases is now officially established. The plant, located in Newcastle, KwaZulu-Natal, was funded by the National Empowerment Fund... 

Kodal, Mali govt enter MoU to finalise Bougouni transfer

Mineral exploration and development company Kodal Minerals has announced that Kodal Mining UK (KMUK), a company owned 51% by Hainan and 49% by Kodal, and the Malian government have entered into a... 

Hummingbird to receive second tranche of $20m loan

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 

Dynapac launches 15 t CA50 Rhino soil compaction machine in South Africa

Original-equipment manufacturer Dynapac has launched its 15 t CA50 Rhino soil compaction machine in South Africa. The CA50 is part of the broader Rhino range of compaction machines from Dynapac... 

Glencore remains on track to meet its full-year production guidance

Glencore’s full-year production guidance for 2024 has remained unchanged across all commodities, the company revealed at the release of a third-quarter production report on October 30. “[This]... 

Clean energy technology market to rival crude oil market value by 2035

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 

Macpherson wants answers from IDT on oxygen plant tender awards

Macpherson wants answers from IDT by Friday on questionable oxygen plant tender awards Public Works and Infrastructure Minister Dean Macpherson has written to government entity Independent... 

Trade opportunities for emerging countries to remain under a Trump Presidency, economist says

Economist Dr Larry Hatheway has predicted that Donald Trump will win the upcoming US presidential elections against Kamala Harris, which will probably encourage deglobalisation based on the former...