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Mechanic working on a car engine
Metair finalises R278.5m AutoZone acquisition, restructures debt
17th December 2024 By: Schalk Burger

JSE-listed energy and automotive manufacturing holding company Metair has finalised the acquisition of automotive parts distributor AutoZone for R278.5-million after the remaining conditions... 


A Takelot sign on a building
Takealot bets on townships to fend off global rivals
17th December 2024 By: Reuters

South Africa's biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals,... 


The Sasolburg plant
Smoggy Sasolburg illustrates conflict between economy and clean air
17th December 2024 By: Reuters

From the moment Mpho Putsoenyane's daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol's oldest coal-to-liquid refinery, the baby struggled... 


Power lines
Roll out transmission line projects to save steel sector, says HDGASA
13th December 2024 By: Schalk Burger

Industry trade association the Hot Dip Galvanizers Association Southern Africa (HDGASA) has called on government to start releasing gazetted infrastructure builds, streamlining independent power... 


Vanguard's facility in the Clairwood Logistics Park
Vanguard Logistics signs ten-year Clairwood lease with Fortress
13th December 2024 By: Schalk Burger

Logistics and supply chain solutions provider Vanguard Logistics South Africa has signed a a ten-year lease for a new 13 000 m² warehouse at Clairwood Logistics Park, in KwaZulu-Natal, with real... 


A Seriti Green wind farm
Seriti Green says G20 will put Mpumalanga on the map for JET discussions
13th December 2024 By: Marleny Arnoldi

With Mpumalanga having been selected to host the Group of 20 (G20) energy session in September next year, diversified energy company Seriti Green says the event will propel the province onto the... 


SABS logo with the word
SABS denies allegations of corruption, mismanagement
13th December 2024 By: Darren Parker

The South African Bureau of Standards (SABS) has denied a series of allegations of longstanding and ongoing corruption and mismanagement. In an open letter sent to Trade, Industry and Competition... 


Waste pickers
Polyco, Western Cape provide waste reclaimers with PPE; identifies high-impact buyback centres
13th December 2024 By: Schalk Burger

The partnership between producer responsibility organisation Polyco and the Western Cape Department of Environmental Affairs and Development Planning (DEA&DP) has led to waste reclaimers being... 


SARB logo
South Africa shifts to FDI outflows in third quarter, central bank says
13th December 2024 By: Reuters

South Africa recorded foreign direct investment outflows of 3.2-billion rand ($179.87-million) in the third quarter, compared to inflows of 16.6-billion in the second quarter, central bank data... 


Joburg opens R116m Riverside View Phase 3 affordable housing in Diepsloot
13th December 2024 By: Schalk Burger

The City of Johannesburg (CoJ) opened the 184-unit, Phase 3 of the Riverside View affordable housing development in Diepsloot, west of Midrand and north of the City's centre, this week. Monthly... 


Coins
Energy, fintech, impact investing shine in private capital investment sector
13th December 2024 By: Marleny Arnoldi

Southern African Venture Capital and Private Equity Association (Savca) says South Africa’s private capital market has demonstrated remarkable resilience despite global economic challenges. The... 


Continental ups share of renewable, recycled material in its tyres, aims for 40%-plus by 2030
Continental ups share of renewable, recycled material in its tyres, aims for 40%-plus by 2030
13th December 2024 By: Irma Venter

Continental Tires is increasing the proportion of recycled materials in its tyres. More tyre plants have now been converted to use polyester fabric made from recycled polyethylene terephthalate... 


Kendal power station
Steinmüller Africa named contractor of the year for Kendal power station
13th December 2024 By: Marleny Arnoldi

The Steinmüller Africa Kendal Boilerserve team has been awarded the Eskom Kendal Power Station Contractor of the Year Award 2024. This award demonstrates the company’s continued role as leaders... 


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

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


AfDB, Italy's CDP sign cooperation agreement for investment in Africa's growth
13th December 2024 By: Schalk Burger

Development finance institution the African Development Bank Group and Italy’s national promotional institution Cassa Depositi e Prestiti (CDP) have signed a partnership framework agreement to set... 


Manufacturers’ supply chain issues are hitting the world’s airlines
13th December 2024 By: Rebecca Campbell

The severe supply chain issues currently afflicting both airframe and aero engine original equipment manufacturers (OEMs) is having a noticeable effect on the world’s airlines, the International... 


Magazine cover image
Despite big hurdles, long journey to electric mobility begins across Africa
13th December 2024 By: Martin Zhuwakinyu

Switching to electric mobility is a no-brainer: tailpipe emissions cause poor health or even death and are a significant contributor to climate change. But given Africa’s limited access to... 


The Matla power station
Nine injured in transformer explosion at Matla power station
12th December 2024 By: Creamer Media Reporter

Nine people were injured at Eskom's Matla power station on December 12 when a transformer exploded, affecting Unit 6. As a precautionary measure, Unit 5 was also taken offline to ensure the safety... 


ACSA CEO Mpumi Mpofu
OR Tambo's new fuel bypass line to be implemented by February; ACSA's recovery ongoing
12th December 2024 By: Schalk Burger

State-owned airports management agency the Airports Company South Africa (ACSA) CEO Mpumi Mpofu told media on December 12 that the fuel bypass line at the OR Tambo International Airport (ORTIA) is... 


Construction site silhouette
Ensuring resilient infrastructure a focus area for new Saice president
12th December 2024 By: Marleny Arnoldi

Some of the issues that newly elected South African Institution of Civil Engineering (Saice) president for 2025 Friedrich Slabbert will focus on are advancing professionalism in the construction... 


An image of Business Partners MD Jeremy Lang
Jeremy Lang appointed Business Partners MD
12th December 2024 By: Tasneem Bulbulia

Small business financier Business Partners has appointed Jeremy Lang as its new MD, effective January 1. Lang will succeed Ben Bierman, who is retiring after more than 35 years of service. 


An image of SBG deputy CEO Kenny Fihla
AfDB approves two facilities for Standard Bank
12th December 2024 By: Tasneem Bulbulia

Finance institution the African Development Bank Group (AfDB) has approved two financial facilities for South Africa-based Standard Bank Group to support economic development in Africa. The first... 


Gold from South Africa's Rand Refinery.
Role as hedge, geopolitical risk most likely reasons for gold’s remarkable performance
12th December 2024 By: Martin Creamer

The gold price has increased by more than 28% year-to-date in dollars, trading 22% higher on average this year than during 2023, the World Gold Council reported on Thursday, December 12. Gold’s... 


South African rands
Bidvest Group sells bank business to Access Bank for R2.8bn
12th December 2024 By: Marleny Arnoldi

Bidvest Group has concluded an agreement for the disposal of 100% of Bidvest Bank Holdings to Access Bank for R2.8-billion. Bidvest Group CE Mpumi Madisa says that, as a well-respected,... 


Rooftop solar panels
GoSolr expresses concern about Eskom targeting solar users with higher tariffs
12th December 2024 By: Marleny Arnoldi

State-owned power utility Eskom has sparked debate with its latest tariff proposal, resulting in uncertainties for solar power users. Solar energy company GoSolr co-founder Patrick Narbel points... 


Cape Town service level plan is not a devolution agreement, warns PRASA
Cape Town service level plan is not a devolution agreement, warns PRASA
12th December 2024 By: Irma Venter

The recent Service Level Plan (SLP) signed between the Passenger Rail Agency of South Africa (PRASA) and the City of Cape Town is not a devolution agreement, warns the rail agency. It says the... 


Pan African's new Mogale Tailings Retreatment operation.
Pan African advancing plans for another promising gold recovery project west of Joburg
12th December 2024 By: Martin Creamer

A feasibility study on the Soweto Cluster gold recovery project, which like the highly successful Mogale Tailings Retreatment (MTR) is also on Gauteng’s West Rand, will be completed by September,... 


Township economy
Govt urges spaza shop owners to register businesses before deadline
12th December 2024 By: Thabi Shomolekae

With the registration deadline looming for small businesses, spaza shops and other food-handling convenience stores, government warned owners that if they missed the registration window their... 


Liquid Intelligent Technologies extends its Botswana fibre network
12th December 2024 By: Creamer Media Reporter

Pan-African technology group Liquid Intelligent Technologies has completed its fibre network extension from Ramatlabama to Ramokgwebana. The enhanced independent network spans over 730 km, marking... 


AfDB leads $1.2bn financing syndication for Tanzania's Standard Gauge Railway project
12th December 2024 By: Sabrina Jardim

The African Development Bank (AfDB) has signed a coordination letter with Deutsche Bank and Société Générale to establish a syndication strategy to mobilise up to $1.2-billion for Tanzania's... 


Cape Town port's liquid bulk terminal
Cape Town liquid bulk terminal earmarked R195m for refurbishment with renewed concession
12th December 2024 By: Marleny Arnoldi

Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminals as the preferred bidder to refurbish and maintain a liquid bulk terminal at the Port of Cape Town’s liquid bulk precinct.... 


Midas substation repairs still under way, but essential load to mines restored
12th December 2024 By: Tasneem Bulbulia

A 500 MVA transformer at the Midas substation, in Gauteng, tripped in the evening of December 11, disrupting electricity supply to about 15 mines in the Carletonville, Fochville and Potchefstroom... 


A Boeing aircraft being refuelled with SAF
IATA disappointed at slow ramp-up of sustainable aviation fuel production
12th December 2024 By: Rebecca Campbell

The International Air Transport Association (IATA), which is the global representative body for the airline industry, has lamented the slower-than-hoped-for ramp-up of sustainable aviation fuels... 


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

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