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delegates celebrate the signing of the Atlanta Phambili pledge
South Africa signs pledge with Atlanta to drive US investment in South Africa
Updated 4 hours ago By: Darren Parker

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 


Signing ceremony on the sidelines of Africa Investment Forum Market Days
Africa50 signs agreement to manage International Solar Alliance’s Africa Solar Facility
Updated 4 hours ago By: Sabrina Jardim

The International Solar Alliance (ISA) and Africa50 have signed a landmark term sheet laying out the key terms on which Africa50, the pan-African infrastructure investor and asset manager, will... 


 Unctad Secretary-General Rebeca Grynspan
World trade to hit a record this year, but outlook for 2025 is uncertain
Updated 4 hours ago By: Schalk Burger

World trade is on track to reach a record $33-trillion this year, but risks of expanded trade wars and ongoing geopolitical challenges cast uncertainty over the outlook for 2025, says global trade... 


Rooftop solar panels
SOLA has produced 1bn kilowatt-hours of clean electricity
Updated 4 hours ago By: Schalk Burger

Renewable-energy company SOLA Group has produced one-billion kilowatt-hours of renewable energy, reaching this goal one month earlier than planned. The company produced the majority of this amount... 


An image showing Neopak's mill
Neopak extends partnership with ABB to upgrade operations, accelerate digitalisation
Updated 4 hours ago By: Tasneem Bulbulia

Containerboard and paper products manufacturer Neopak has renewed its partnership with global technology company ABB to upgrade the existing automation system at its Rosslyn paper mill, in... 


An image of Enel Green Power Southern Africa country manager Manuele Battisti
Enel Green Power looks to augment its South African footprint
Updated 5 hours ago By: Tasneem Bulbulia

As it marks a decade in the region, renewable energy company Enel Green Power Southern Africa is looking to bolster its footprint here, with a keen focus on skills development and capitalising on... 


EIB commits $80m to Pembani Remgro Infrastructure Fund II
Updated 5 hours ago By: Sabrina Jardim

The European Investment Bank (EIB) has committed $80-million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. The PRIF II... 


Afrimat Construction Index continues upward trend in third quarter
Afrimat Construction Index continues upward trend in third quarter
Updated 5 hours ago By: Irma Venter

The Afrimat Construction Index (ACI) continued its upward trend in third quarter of the year. The ACI is a composite index of the level of activity within the building and construction sectors, and... 


Cape Town makes significant gains in taking over PRASA service
Cape Town makes significant gains in taking over PRASA service
Updated 5 hours ago By: Irma Venter

The City of Cape Town (CoCT) says it will have business plans in place by the middle of next year to take over the management of passenger rail services in the metro. This follows the city... 


Oxbow Hydropower ESIA contract awarded
Updated 5 hours ago By: Natasha Odendaal

The Lesotho Highlands Development Authority (LHDA) has awarded the environmental and social impact assessment (ESIA) contract for the Oxbow Hydropower Scheme to a joint venture comprising Italy’s... 


Schneider Electric sets goal of reducing suppliers' emissions by 50% by 2025
Updated 5 hours ago By: Schalk Burger

Electricity and automation company Schneider Electric has set a goal of reducing the carbon intensity of its top 1 000 suppliers by 50% by 2025, Schneider Electric strategy and sustainability... 


Rising business insolvencies globally an emerging risk for directors – Allianz
Updated 6 hours ago By: Schalk Burger

Global business insolvencies are expected to rise by 11% this year and countries accounting for more than half of global GDP will be hit by double-digit insolvency increases, says risk and... 


Nampak concludes BEE deal with Cambrian Capital Partners
Updated 6 hours ago By: Marleny Arnoldi

JSE-listed packaging producer Nampak has successfully concluded a black economic empowerment (BEE) transaction with private equity fund manager Cambrian Capital Partners. Cambrian, through a... 


Kraftblock co-founder and CEO Dr Martin Schichtel.
Mines urged to fill renewables gaps with green electrons from on-site waste heat
5th December 2024 By: Martin Creamer

Mines using renewable energy are being encouraged to harvest and store heat wasted during minerals processing and to then use its green electrons to close renewables intermittency gaps that come... 


JHB skyline
South Africa's current account deficit broadly unchanged in Q3
5th December 2024 By: Reuters

South Africa's current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product, central bank data showed on Thursday. In... 


SAA
South African Airways cancels some flights as pilots go on strike
5th December 2024 By: Reuters

South African Airways said it had cancelled flights to Perth and Sao Paulo on Thursday after receiving confirmation from the SAA Pilots Association that they planned to strike following a deadlock... 


Spinach in raise beds being farmed at SAB Ibhayi brewery
SAB showcases innovative, value-creating effluent treatment process at Eastern Cape brewery
5th December 2024 By: Marleny Arnoldi

Beer brewer South African Breweries (SAB) on December 4 showcased the Imifino project at its Ibhayi brewery site in Gqeberha, in the Eastern Cape, as a viable model for effluent treatment in the... 


Citi says deals from Gulf into Africa are keeping bankers busy
5th December 2024 By: Bloomberg

Rich investors from the Middle East are scouring Africa for deals in agricultural projects, critical minerals and renewable power, according to Citigroup. They’re looking at countries such as Kenya... 


Joint operation exposes illegal electricity operation near Fochville
4th December 2024 By: Sabrina Jardim

A collaborative operation involving State-owned Eskom’s Gauteng Distribution Security, the South African Police Service (SAPS), City Power and Eskom-contracted security personnel uncovered a... 


Eskom Group CEO Dan Marokane
Eskom outlines ‘aspirational’ generation vision in meeting with lawmakers
4th December 2024 By: Terence Creamer

Eskom Group CEO Dan Marokane has outlined an “aspirational” and largely unfunded new generation project pipeline to progressively replace its aged and polluting coal fleet. Having previously... 


GuarantCo, BII partner to unlock $500m of new renewable power for South Africa
4th December 2024 By: Sabrina Jardim

GuarantCo – part of the Private Infrastructure Development Group (PIDG) – and UK development finance institution British International Investment (BII) expect to unlock $500-million of new... 


Dr Nombasa Tsengwa.
Exxaro places CEO on precautionary suspension with immediate effect
4th December 2024 By: Martin Creamer

Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent... 


Super Group to sell SG Fleet to Westmann Bidco for A$641.4m
4th December 2024 By: Darren Parker

Supply chain management and logistics company Super Group’s 53.58%-owned subsidiary SG Fleet has entered into a scheme implementation deed with Westmann Bidco, an entity owned and controlled by... 


An image of 204 Oxford
Fortress upgrades distributable earnings forecast to R1.78bn
4th December 2024 By: Sabrina Jardim

Real estate investment company Fortress Real Estate Investments has revised its distributable earnings forecast for financial year 2025 to R1.78-billion, representing 147.80c a share, a 16.9%... 


New study shows how batteries could reduce energy costs for commercial, industrial users
4th December 2024 By: Darren Parker

In a newly released study, climate and energy strategy advisory firm Meridian Economics has determined that optimally sized batteries offer immediate opportunities for many commercial and... 


Necsa's turnaround strategy delivers good results
4th December 2024 By: Rebecca Campbell

The South African Nuclear Energy Corporation (Necsa) generated better financial results and audit outcomes during the 2023/24 financial year, the State-owned entity has reported. It credited this... 


Independent blue, green drop reports show water quality decline
4th December 2024 By: Natasha Odendaal

AfriForum’s independent blue drop and green drop reports have found a regression in South Africa’s water systems, particularly wastewater treatment works. The organisation’s yearly blue drop... 


SA–Norway project says tax tweaks can accelerate the SA EV market
SA–Norway project says tax tweaks can accelerate the SA EV market
4th December 2024 By: Irma Venter

A bi-lateral country project by the Electric Mission in South Africa and the Norwegian Electric Vehicle Association has engaged the South African government, including National Treasury and the... 


Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
4th December 2024

The University of the Witwatersrand, in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome, after... 


MeerKAT telescopes
MeerKAT delivers another astronomical triumph, this time involving gravitational waves
4th December 2024 By: Rebecca Campbell

South Africa’s already-renowned MeerKAT radio telescope array, located in the Karoo region in the Northern Cape province, has been the key means of making yet another major scientific breakthrough.... 


Ukaqala Solar 3D rendering
Mulilo reaches financial close on 75 MW solar plant
4th December 2024 By: Sabrina Jardim

Independent power producer Mulilo has reached financial close on the Ukuqala Solar Project, in the Northern Cape. This is the sixth project that Mulilo has closed this year, adding 75 MW to... 


Coal power station
High Court says State can’t order new coal plants
4th December 2024 By: Bloomberg

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


BMW will build the 20D derivative of the X3 starting from January next year, adding the the current production of the 30D plug-in hybrid
BMW adds new derivative to X3 production for 2025
4th December 2024 By: Donna Slater

Following the successful production of the fourth-generation X3 30E plug-in hybrid vehicle since October this year, BMW South Africa will embark on manufacturing the 20D derivative at its plant in... 


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