Uncertainty arises about electricity traders’ access to virtual wheeling over Eskom’s network

The indication by State-owned utility Eskom that virtual wheeling is not yet available to licensed electricity traders is “surprising and disappointing”, EE Business Intelligence MD Chris Yelland... 

Technology company nearing commercialisation of its hydrogen technology

Hydrogen technology company Hydrox Holdings is progressing the development of its pioneer Divergent-Electrode-Flow-Through (DEFT) hydrogen technology, a membrane-less electrolyser, with the company... 

Stellenbosch University launches biotechnology laboratory for startups

Stellenbosch University (SU) has announced the opening of the LaunchLab CERIBIO, a biotechnology laboratory for biotechnology startups. The initiative aims to accelerate the local biotechnology... 

Stakeholders propose options for ailing Steel Master Plan

The Portfolio Committee on Trade, Industry and Competition on June 4 held an engagement with stakeholders in the steel industry regarding the progress and outcomes of implementing the Steel Master... 

Kearney report shows challenges, opportunities for South Africa

The global economy is heading into uncharted territory, global consulting partnership Kearney’s ‘Global Economic Outlook 2025-2027’ report shows. The report investigates the world adjusting to... 

Wesizwe shares suspended over delay in publishing financials, reports

JSE-listed Wesizwe Platinum’s shares have been suspended owing to its inability to publish its Audited Annual Financial Statements (AFS) and Integrated Annual Report (IAR) incorporating the notice... 

Redefine signs wheeling agreement with NOA

JSE-listed Property group Redefine Properties has signed a renewable energy supply agreement with integrated renewable energy utility NOA to support its decarbonisation efforts through wheeling,... 

Hudaco to acquire Flosolve Business

JSE-listed Hudaco Industries has signed an agreement with Flosolve to acquire its trading assets and liabilities, with effect from June 1. The purchase consideration will be based on the yearly... 

RFA commemorates 50 years

Industry organisation the Road Freight Association (RFA) held its yearly Convention from May 23 to 25, in KwaZulu-Natal, a forum for industry discussion and strategic planning and to commemorate... 

Harena makes board changes

Stephen Weir has joined the board of London-listed Harena Resources as a nonexecutive director with immediate effect. In conjunction with his appointment, Joe Belladonna will transition from his... 

South32 completes divestment of Metalloys smelter

Globally diversified metals and mining company South32’s subsidiary, Samancor Manganese, has completed the divestment of the Metalloys manganese alloy smelter to Menar Capital-owned entity... 

AngloGold Ashanti to sell Brazilian mine

Gold miner AngloGold Ashanti has agreed to sell its interest in Mineração Serra Grande mine (MSG) in Goiás, Brazil, to mid-tier gold and copper producer Aura Minerals. The company will sell MSG to... 

Mantengu achieves record full-year growth

JSE-listed Mantengu Mining achieved revenue growth, improved profitability and key operational milestones for the financial year ended February 28, despite external challenges, including volatile... 

Mantashe visits Orion’s developing Northern Cape mine

Mineral and Petroleum Resources Minister Gwede Mantashe visited JSE- and ASX-listed Orion Minerals’ flagship Prieska copper/zinc mine (PCZM) in South Africa’s Northern Cape, as the mine progresses... 

ASP Isotopes inks deal to supply key isotope for potential cancer treatment options

Isotope separation technologies company ASP Isotopes, which is a planning a secondary listing on the JSE later this year, and medical isotope production company Isotopia Molecular Imaging have... 

Hyprop undertakes capital raise

JSE-listed Hyprop Investment will issue 19.02-million new shares at a price of R42.50 each, following an accelerated bookbuild on June 2. This follows major institutional investors in the South... 

Anglo American, Valterra confirm demerger finalised

Diversified miner Anglo American and Valterra Platinum, previously Anglo American Platinum (Amplats), have welcomed the finalisation of the demerger of the majority of Anglo’s interest in Valterra... 

George withdraws Industry Waste Tyre Management Plan for re-evaluation

Forestry, Fisheries and the Environment Minister Dr Dion George has withdrawn the approval decision for the Industry Waste Tyre Management Plan (IndWTMP), published on March 20, 2024. This is to... 

AG report underscores need to tackle financial shortcomings in municipalities

The financial state of the country’s municipalities is concerning and a considerable constraint on economic growth, business organisation Business Leadership South Africa CEO Busi Mavuso warns in... 

AMCU reports of another fall-of-ground fatality at Harmony

Association of Mineworkers and Construction Union (AMCU) says in a statement that is has learnt of the death of another worker in a fall-of-ground (FoG) accident at gold miner Harmony Gold Mining... 

BPC, Debswana partner on renewable energy

Power utility Botswana Power Corporation (BPC) and Debswana Diamond Company recently announced the signing of a memorandum of agreement (MoA) on renewable energy certificates (RECs). Debswana is... 

EXSA progressing solar projects for energy wheeling

Grid-connected renewable-energy provider Energy Exchange of Southern Africa (EXSA) has achieved progress on two utility-scale solar projects, including one that is expected to come online from... 

Pensana receives further shareholder funding

London-listed Pensana’s major institutional shareholder, M&G Investment Management, has agreed to invest £1-million in the company, alongside other strategic investors who will invest a further... 

IRMA approves South African company as an audit firm

Coalition the Initiative for Responsible Mining Assurance (IRMA) has approved South African company Resilience Environmental Assurance as the fourth audit firm authorised to conduct independent... 

PGI strengthens leadership team to capitalise on global opportunities

Marketing organisation Platinum Guild International (PGI) has appointed Vaishali Banerjee as global market development head, aligned to its focus on unlocking the global demand potential for... 

Tharisa to undertake up to $5m share repurchase programme

Integrated resource group Tharisa has appointed Peel Hunt to manage and carry out on-market buybacks of up to $5-million of ordinary shares on both the JSE and the LSE. This follows shareholder... 

PTM completes $1m nonbrokered private placement

TSX- and NYSE-listed Platinum Group Metals (PTM)on May 29 closed a previously announced nonbrokered private placement. An aggregate of 800 000 common shares were subscribed for and issued to... 

Transnet Engineering open to partnering with private sector as part of turnaround plans

Rolling stock manufacturer and maintenance company Transnet Engineering on May 12 held an Industry Day at its Pretoria facility, as part of its aim to be transparent, during which the division, and... 

Maersk gives South African exporters a preview of its Cape Town cold storage facility

Global integrated logistics company Maersk invited existing and potential customers in South Africa to visit its Belcon Logistics Park, in Cape Town, for a preview of the upcoming cold store... 

Afreximbank appointed sole financial adviser for South African coal-to-fertiliser project

Multilateral financial institution the African Export-Import Bank’s (Afreximbank’s) Advisory and Capital Markets (ACMA) department has been appointed and mandated as the exclusive financial adviser... 

Emira delivers strong full-year results

JSE-listed Emira Property Fund reported a strong set of results for the full-year ended March 31, with consistent strategic execution, accretive diversification and disciplined capital management.... 

Valterra Platinum makes its debut on the JSE

With Valterra Platinum, previously Anglo American Platinum (Amplats), demerging from Anglo American, the company on May 28 officially started trading on the JSE under its new name. The first... 

Mining cadastral system on track for Western Cape roll out

Work on South Africa’s new mining cadastral system is “well under way”, Department of Mineral and Petroleum Resources (DMPR) mineral and petroleum regulation deputy director-general Tseliso... 

Barrick opposing Mali government’s request to take over operations

NYSE- and TSX-listed Barrick Mining expects a ruling on June 2 by the president of the Bamako Commercial Tribunal following submissions made on May 22 by the company’s Loulo and Gounkoto mines... 

Massmart partners with Schneider Electric, Green Wave for asset, energy management

South African-headquartered Massmart, which is owned by Walmart, has partnered with Schneider Electric and Green Wave to implement a centralised asset management and energy monitoring solution... 

DMPR upholds Renergen’s helium production right

Mineral and Petroleum Resources Minister Gwede Mantashe has formally dismissed the appeal lodged by Springbok Solar Power Plant against the amendment of Tetra4’s production right, thereby... 

City of Joburg launches Orlando eKhaya, Power Park Housing projects

The City of Johannesburg’s Economic Development MMC Nomoya Mnisi unveiled the Orlando eKhaya and Power Park Housing projects, in Soweto, on May 23. Originally launched in 2001 under then-Mayor Amos... 

Barloworld’s interim performance impacted by its Russian operations, sanctions

JSE-listed Barloworld’s group revenue for the six months ended March 31 declined by 5.8% to R18.1-billion, driven by a 36.8% decrease in revenue at its Russian operation Vostochnaya Technica (VT)... 

New book from AFC founder aims to centre African perspective in climate development

A new book, Navigating Africa’s Climate Development Nexus, written by African Climate Foundation (ACF) founder Saliem Fakir, offers a perspective centering on African agency, pragmatism and... 

Sibanye working to bring 260 Kloof workers back to surface

Multinational miner Sibanye-Stillwater has confirmed that a shaft incident occurred on May 22 at its Kloof 7 sub-shaft at the Kloof gold mining operation in South Africa, which has resulted in 260...