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naamsa warns port, rail challenges will negatively impact on South Africa's automotive sector
1st December 2023 By: Creamer Media Reporter

Industry organisation naamsa | The Automotive Business Council says the current logistical challenges at South Africa's ports and across the entire freight rail network in the country are impacting... 


Global economic growth for 2024 to be muted
1st December 2023 By: Schalk Burger

The global economy is expected to remain weak in 2024, but inflation is likely to gradually decrease, and rate cuts may be on the cards in the second half of the year economic forecasting and... 


Curtailment framework submitted to Nersa as new deadline is set for restart of IPP procurement
Curtailment framework submitted to Nersa as new deadline is set for restart of IPP procurement
1st December 2023 By: Terence Creamer

Eskom has confirmed that it has delivered a curtailment framework, as well as its proposed Gated Generator Connection Process (GGCP) to the National Energy Regulator of South Africa (Nersa) for... 


Charles Dos Santos to succeed Rob Richardson as Air Products South Africa MD
1st December 2023 By: Tasneem Bulbulia

Air Products South Africa has announced that Charles Dos Santos will succeed Rob Richardson as MD with effect from February 1, 2024. Richardson has led the company since 2016 but has announced his... 


An image showing the Port of Durban
TNPA bolsters interventions at Port of Durban to expedite recovery
1st December 2023 By: Tasneem Bulbulia

Transnet National Ports Authority (TNPA) is assisting terminal operators with implementing the container recovery plan more easily at the Port of Durban by providing a 24-hour helicopter services... 


Mining's net fixed capital formation, shown in blue, must be boosted.
Greenfield investment lagging badly, mining’s contribution to economy halved
1st December 2023 By: Martin Creamer

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last... 


Boegoebaai greenfield site
Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors
1st December 2023 By: Terence Creamer

A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the... 


Seifsa president Elias Monage
Opinion: The collapse of the Steel Master Plan and disintegration of industry
1st December 2023

In this opinion article, Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Elias Monage writes about the importance of the steel industry and the challenges the... 


Inside a Tiger Brands factory
Tiger Brands increases revenue, exports volume growth offset by domestic volume decline
1st December 2023 By: Schalk Burger

JSE-listed food and packaged goods company Tiger Brands increased revenue by 10% to R37.4-billion, driven by price inflation of 11%, favourable foreign exchange gains of 1% and marginal overall... 


Quantum Foods swings to loss on bird flu, power cuts
1st December 2023 By: Reuters

South African poultry producer Quantum Foods on Friday reported a R35-million rand loss in the year to end-September, after the country's worst bird flu outbreak decimated its chicken flock and... 


Factory manager outlook worst since Covid lockdown
1st December 2023 By: Bloomberg

Factory managers in South Africa are the most pessimistic they’ve been about the outlook for business conditions since the strictest months of a Covid-19 lockdown three years ago, amid continuing... 


The Natref refinery
TotalEnergies to sell stake in Natref refinery to Prax Group
1st December 2023 By: Creamer Media Reporter

Global energy company TotalEnergies will sell its 36.36% interest in the Natref refinery in Sasolburg, in South Africa's Free State province, to fellow energy company Prax Group. South African... 


Momentum Investments Research Hive research strategist Professor Evan Gilbert
Momentum sponsors machine learning in finance research chair with Stellenbosch University
1st December 2023 By: Schalk Burger

Investment management company Momentum Investments has established the Momentum Investments Research Chair for research into machine learning (ML) in finance in conjunction with Stellenbosch... 


A passenger carrying a bag next to a carousel with luggage
ACSA urges airline passengers to adhere to hand baggage regulations
1st December 2023 By: Rebecca Campbell

With the high-demand Christmas season about to start, the Airports Company South Africa (ACSA) has called on airline passengers to adhere to the regulations regarding hand baggage (the bags that... 


Photo of Terence Creamer
ArcelorMittal longs business closure to impact on jobs, industrial capacity
1st December 2023 By: Creamer Media Reporter

Creamer Media editor Terence Creamer discusses ArcelorMittal South Africa's announcement that it may cut about 3 500 jobs as it plans to wind down its long-products business; the reasons for it... 


Image of Barbara Creecy
South Africa warns others not to go from electricity to darkness
1st December 2023 By: Bloomberg

One of the architects of South Africa’s groundbreaking deal with rich nations to move more quickly away from coal sounded a note of caution to other countries considering similar agreements.... 


Finance Minister Enoch Godongwana
Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


Magazine round up | 01 December 2023
Magazine round up | 01 December 2023
1st December 2023

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  


Magazine cover image
PRASA sets sights on big recovery in passenger trips by 2030
1st December 2023 By: Irma Venter

Like many other State-owned entities, the Passenger Rail Agency of South Africa (PRASA) has had its share of scandals. Its board chairperson was fired following an investigation into abuse of PRASA... 


Tongaat BRPs publish proposed rescue plans
30th November 2023 By: Darren Parker

The business rescue practitioners (BRPs) of sugar company Tongaat Hulett have published updated business rescue plans for the company and its subsidiaries, Voermol Feeds and Tongaat Hulett Sugar... 


Commission addressing gaps, challenges in BBBEE
30th November 2023 By: Tasneem Bulbulia

The Broad-based Black Economic Empowerment (BBBEE) Act, now in its twentieth year, has achieved several successes, but challenges abound, and transformation is not at the requisite level, and the... 


Mineral Resources and Energy Minister Gwede Mantashe
Mantashe says special Cabinet meeting will consider IRP update after Ministers request time to ‘apply their minds’
30th November 2023 By: Terence Creamer

Mineral Resources and Energy Minister Gwede Mantashe confirmed that an update of the Integrated Resource Plan, which he has previously dubbed ‘IRP2023’, had served before Cabinet on November 29,... 


Hudaco to acquire Plasti-Weld for its engineering consumables segment
30th November 2023 By: Schalk Burger

JSE-listed Hudaco will acquire the trading assets and liabilities of specialist plastic equipment importer Plasti-Weld Business from December 1 for a maximum of R56-million, which will be funded... 


Four utility-scale battery projects worth R10bn selected following inaugural public tender
Four utility-scale battery projects worth R10bn selected following inaugural public tender
30th November 2023 By: Terence Creamer

The South African government has selected preferred bidders for the development of four utility-scale battery energy storage system (BESS) projects in the Northern Cape, with a combined investment... 


Sierra Leone to get its first wind farm next year
30th November 2023 By: Rebecca Campbell

UK-based renewable energy group Octopus Energy has announced that it has entered a partnership to develop the first ever wind farm in the West African country of Sierra Leone. Its partner in the... 


Baled plastic waste
Despite no consensus on global plastics instrument, South Africa is making progress – Creecy
30th November 2023 By: Schalk Burger

While the third meeting of the Intergovernmental Negotiating Committee, held in November, could not reach a consensus on the zero-draft text for a legally binding instrument to coordinate global... 


Stanlib Khanyisa Impact Investment Fund manager Kholofelo Molewa
Stanlib launches country’s first dedicated energy transition asset investment fund
30th November 2023 By: Marleny Arnoldi

Specialist investment manager Stanlib has launched the Khanyisa Energy Transition Fund (KETF) to spark investment in energy transition assets. Khanyisa, meaning “to illuminate”, is a range of... 


Durban Container Terminal landside operations
Durban Container Terminal increases working hours to clear backlog, amongst other measures
30th November 2023 By: Darren Parker

The Durban Container Terminal (DCT) Pier 2 has increased the ship working hours at some of its berths over the last few days to clear the backlog of vessels at anchor, Durban Terminals has... 


DP World urges change to cold chain temperature to -15 °C to reduce emissions
30th November 2023 By: Schalk Burger

Logistics company DP World has set up an industry-wide coalition to explore the feasibility of changing the temperature that frozen food is transported and stored at from -18 °C to -15 °C, named... 


Komati Power Station
Presidency study urges doubling of Climate Finance
30th November 2023 By: Bloomberg

South Africa needs to more than double climate financing to achieve its emissions reduction targets, according to a study by the Presidential Climate Commission. Current annual average funding of... 


South African Rand
SA makes some progress on exiting greylist
30th November 2023 By: News24Wire

South Africa has addressed most of the technical compliance deficiencies that led to it being greylisted by the Financial Action Task Force (FATF) in February 2023, though much work still needs to... 


DRDGOLD's tailings retreatment under way at Ergo.
Recovery of battery metals, PGMs being looked at by DRDGOLD
30th November 2023 By: Martin Creamer

The recovery of battery metals and platinum group metals (PGMs) is being looked at by DRDGOLD, the Johannesburg- and New York-listed company, which is being globally acknowledged for its mastery of... 


hydrogen tank with solar and wind energy
Access to water, logistics infrastructure major hurdles to hydrogen economy
30th November 2023 By: Darren Parker

One of the challenges standing in the way of South Africa becoming a world-class green hydrogen producer is that South Africa is a water-scarce country, and that enormous volumes of water are... 


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