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The Johannesburg skyline
Municipalities spend 22% of budget in the first quarter of the 2024/25 financial year
20th December 2024 By: Schalk Burger

The National Treasury, on December 20, published the local government revenue and expenditure report for the first quarter period from July 1 to September 30, which showed that aggregate spending... 


SME business-building MoMo chatbot reaches 1m entrepreneurs in Côte d’Ivoire, Uganda
20th December 2024 By: Schalk Burger

About one-million small businesses in Côte d’Ivoire and Uganda have digitised their operations, increased the use of digital financial services and accessed digital marketplaces through the MoMo... 


Prosus chair’s trust sells €156m of shares for hotel growth
20th December 2024 By: Bloomberg

A family trust linked to Koos Bekker — one of South Africa’s richest people — sold about €156-million of shares in Internet investing giant Prosus to fund building operations at hotels in South... 


An Eskom power station and transmission infrastructure
Eskom risk premium falls as turnaround wins over bond investors
20th December 2024 By: Bloomberg

Eskom Holdings’s risk premium is dwindling as a turnaround at South Africa’s State-owned electricity company gathers momentum. The extra yield investors demand to take on the risk of holding the... 


A TFR locomotive
Network Statement a major step in rail reform – B4SA
20th December 2024 By: Schalk Burger

Industry organisation Business for South Africa (B4SA) welcomes the release of the Network Statement as an exciting and significant milestone in the journey towards meaningful rail sector reform in... 


CESA CEO Chris Campbell
Intentions of GNU must translate into service delivery and meaningful change – Campbell
20th December 2024 By: Schalk Burger

While the post-election period brought its share of challenges, and with South Africa navigating the complexities of the Government of National Unity (GNU), it also sparked a renewed focus on... 


SAPVIA CEO Dr Rethabile Melamu
South Africa PV capacity increases 12% in 2024
20th December 2024 By: Schalk Burger

South Africa's total solar PV capacity surged to 8.97 GW this year, which includes 2.8 GW from public procurement and 6.1 GW from private-sector contributions, 11.9% higher than in 2023. A further... 


The PTI's facilities
Testing institute achieves a first for South Africa
19th December 2024 By: Creamer Media Reporter

The Recycling and Economic Development Initiative of South Africa (Redisa) reports that the Product Testing Institute (PTI), near Gqeberha, in the Eastern Cape, is now the only independent facility... 


Shipping industry’s $188bn binge cuts space to make new vessels
19th December 2024 By: Bloomberg

The biggest vessel-ordering program since the eve of the global financial crisis is putting a squeeze on the shipbuilding industry’s capacity to construct new vessels. Owners plowed more than... 


Grindrod's rail operations
Grindrod outlines focus for 2025, reflects on 2024 performance
19th December 2024 By: Schalk Burger

JSE-listed logistics company Grindrod, in a December 19 pre-closing trading update, said its focus going forward would be to drive growth in bulk handling, container handling, logistics capability... 


Image of Cyril Ramaphosa
Ramaphosa assents to National Nuclear Regulator Amendment Bill
19th December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Thursday assented to the National Nuclear Regulator Amendment Bill, which provides for nuclear safety oversight, ranging from the decontamination of defence facilities... 


Eskom Group CE Dan Marokane
Eskom reports R25.5bn loss amid systemic challenges, recovery efforts
19th December 2024 By: Simone Liedtke

State-owned power utility Eskom has reported a R25.5-billion loss before tax for the financial year ending March 31, 2024, following a year marked by operational setbacks, financial strain and... 


A hydropower plant
Afreximbank signs private sector DRC hydropower project agreement
19th December 2024 By: Schalk Burger

Trade and development finance institution the African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for an up to 200 MW private-sector,... 


Power pylons on farmland
South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty rises to 65.7
19th December 2024 By: Schalk Burger

South Africa is "still in the foothills of economic recovery" and, while external influences must still be skillfully navigated, the country's future economic performance will hinge mainly on... 


Hands exchanging money
Commission recommends CPI + 1.5% increase for the national minimum wage in 2025
19th December 2024 By: Schalk Burger

The National Minimum Wage (NMW) Commission has published a recommendation in the Government Gazette that the national minimum wage be adjusted by the rate of consumer price inflation (CPI) plus... 


An MTN office
MTN Group announces leadership changes
18th December 2024 By: Creamer Media Reporter

Telecommunications group MTN Group has announced leadership changes as part of its succession plans and advancing its Ambition 2025 strategy. Mitwa Ng’ambi, CEO of MTN Cameroon, will move to the... 


Hand clicking on ESG and sustainability linked widgets
Network launched to support emerging markets to adopt sustainability reporting standards
18th December 2024 By: Schalk Burger

A network has been established by 31 countries to support the adoption and use of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards, or ISSB Standards. Adopting... 


Barrick president and CEO Dr Mark Bristow.
Barrick seeks fair resolution in Mali through arbitration
18th December 2024 By: Martin Creamer

New York- and Toronto-listed Barrick Gold Corporation on Wednesday, December 18, confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de... 


Public Works and Infrastructure Minister Dean Macpherson
DPWI seeks input on better uses for 24 underutilised State-owned properties
18th December 2024 By: Chanel de Bruyn

The Department of Public Works and Infrastructure (DPWI) has released requests for proposals (RFPs) for 24 underutilised State-owned properties across the country. Members of the public and private... 


The conveyor and Grindrod's Navitrade terminal
Grindrod achieves 2Mt coal throughput at its Navitrade terminal
18th December 2024 By: Creamer Media Reporter

Logistics group Grindrod has reached throughput of two-million tonnes of coal at its Navitrade terminal, in Richards Bay, with the support and collaboration of State-owned Transnet Port Terminals... 


Govt extends deadline for registration of spaza shops
Govt extends deadline for registration of spaza shops
18th December 2024 By: Thabi Shomolekae

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


July Ndlovu
July Ndlovu, Billy Mawasha join AECI board
18th December 2024 By: Creamer Media Reporter

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from July 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI is... 


Tongaat's cane operations
Tongaat Hulett to sell all South African assets, operating businesses to Vision Sugar
18th December 2024 By: Schalk Burger

Distressed JSE-listed sugar producer Tongaat Hulett has announced that it will sell all its assets and operating businesses in South Africa to Vision Sugar South Africa. The purchase price for... 


Futuregrowth invests R150m in Sourcefin
18th December 2024 By: Schalk Burger

Investment company Futuregrowth Asset Management has invested R150-million in small, medium-sized and microenterprises (SMMEs) finance and specialist supply chain support financial technology... 


Maputo Mozambique
Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024 By: Reuters

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


Metalloys in Meyerton, Gauteng.
Ferromanganese revival hopes raised by Competition Tribunal’s green light
18th December 2024 By: Martin Creamer

The Competition Tribunal approval of the acquisition of ferromanganese major Metalloys in Meyerton, Gauteng, is raising hopes of a revival of South Africa’s manganese alloy potential. Metalloys,... 


Dorah Modise named Climate Commission director, Olver to serve as deputy chair
17th December 2024 By: Schalk Burger

The Presidential Climate Commission (PCC) has appointed Dorah Modise as executive director, effective from February 24, 2025, following the retirement of Dr Crispian Olver, who President Cyril... 


The Telkom logo
Icasa gives Telkom permission to dispose of towers, masts business
17th December 2024 By: Schalk Burger

Industry regulator the Independent Communications Authority of South Africa (Icasa) has approved mobile network operator Telkom's R6.75-billion disposal of its Swiftnet business, which houses its... 


Kenya plans IVF to save rare White Rhinos nearing extinction
Kenya plans IVF to save rare White Rhinos nearing extinction
17th December 2024 By: Bloomberg

Kenya plans to use assisted reproduction techniques to save the northern white rhino — a species that has only two females remaining worldwide — from the brink of extinction. It will involve... 


Customers paying with a nu-branded card
Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Blyvoor gold
Restarted Blyvoor gold mine is on the way back up on Joburg’s West Rand
17th December 2024 By: Martin Creamer

Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that... 


Structural reforms needed for growth in South Africa, collaboration crucial – BLSA
17th December 2024 By: Schalk Burger

Growth in South Africa cannot occur without underlying structural reforms and, to accelerate the implementation of structural reforms, effective collaboration between business, labour and... 


Prieska Copper Zinc Mine in South Africa’s prospective Northern Cape.
More indications of quality copper in South Africa’s well-endowed Northern Cape
17th December 2024 By: Martin Creamer

The final assay results from diamond drill holes completed to test strike and down-dip extensions of the high-grade copper mineralisation at the Flat Mine South deposit, part of the Okiep Copper... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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