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The Kariba dam
Zimbabwe power users raise $250m for solar plan
10th December 2024 By: Bloomberg

Zimbabwe’s industrial power users have secured $250-million from the African Export-Import Bank to build floating solar panels at the world’s largest man-made lake. The Intensive Energy User Group,... 


BLSA CEO Busi Mavuso
Fixing logistics, water sectors still long way off in South Africa - BLSA
9th December 2024 By: Schalk Burger

While South Africa is starting to see the fruits of energy sector reforms, it still has a long way to go to fix the water, and transport and logistics sectors despite recent progress, says business... 


Transnet's logo
AfDB disburses first tranche of $1bn loan to Transnet for recovery
9th December 2024 By: Schalk Burger

Development finance institution (DFI) the African Development Bank (AfDB) has released the first tranche of four of its $1-billion loan to State-owned Transnet as part of a financing arrangement to... 


An image showing the MoA signing between the NEF and the B-BBBEE Commission
NEF, BBBEE Commission sign MoA to strengthen economic transformation
9th December 2024 By: Tasneem Bulbulia

The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (BBBEE) Commission have formalised a partnership with the signing of a memorandum of agreement (MoA) at the NEF’s... 


Sturdee Energy solar farm
Swedish, Danish funders invest in Southern African IPP
9th December 2024 By: Marleny Arnoldi

Sweden-based development financier SwedFund has partnered with Danish Investment Fund for Developing Countries (IFU) to accelerate renewable energy development in Southern Africa. As a starting... 


Man with laptop at night
PwC survey finds sub-Saharan CEOs are equally, if not more, focused on transformation
9th December 2024 By: Marleny Arnoldi

Consultancy PwC finds in its latest yearly global CEO survey that 81% of CEO’s in Africa took at least one action that greatly impacted on their company’s’ business model in 2023, compared with 76%... 


An image of the signing ceremony between Sturdee Energy and Frans Indongo Group, held in collaboration with RMB
Sturdee Energy, Frans Indongo Group, RMB Namibia collaborate on solar projects
9th December 2024 By: Tasneem Bulbulia

South African independent power producer (IPP) Sturdee Energy has partnered with Namibian-owned entity Frans Indongo Group, to raise a project finance facility of N$500-million from RMB Namibia as... 


OR Tambo International Airport
OR Tambo International faces flight delays over refuel issues
9th December 2024 By: Bloomberg

Airlines at South Africa’s busiest airport are unable to refuel their aircraft, raising the possibility of renewed delays just two days after pilots at the state-owned carrier ended a strike. The... 


Uber launches bakkie courier service in the South African market
Uber launches bakkie courier service in the South African market
9th December 2024 By: Irma Venter

Uber has launched a courier bakkie product offering to drivers and users of the Uber app in South Africa. This offering will see the ‘Uber Package’ service being rebranded as ‘Courier’, to align... 


Chery SA records best-ever sales in November
Chery SA records best-ever sales in November
9th December 2024 By: Irma Venter

Chery South Africa (Chery SA) has celebrated its best-ever month in the domestic market, with sales for November exceeding the 2 000-unit mark. Last month, 2 006 Chery vehicles were sold in South... 


Pan African CEO Cobus Loots speaking at Mogale
Pan African’s 2024 gold activity uplifted by year-end share issue
9th December 2024 By: Martin Creamer

Midtier gold mining company Pan African Resources, which has been top of the pops as a South African gold share for the most part of this year, on Monday uplifted its 2024 activity further with a... 


A soldier using the Fusion Cell system
Paramount launches solution to improve border security in Africa
9th December 2024 By: Rebecca Campbell

Aerospace and defence technology group Paramount, which was founded in South Africa but is now based in the United Arab Emirates, has launched its latest offering, intended to strengthen border... 


Agbiz CEO Theo Boshoff
Agri trade poised to benefit from South Africa’s global positioning next year, but BRICS needs work
9th December 2024 By: Marleny Arnoldi

With the 2024/25 season expected to benefit from La Niña rains, solid exports having been reported in the year-to-date, food price inflation having come down to 2.8% in October and the Agribusiness... 


Image of Cyril Ramaphosa
Ramaphosa reflects on government progress, notes slow pace of economic growth
9th December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa pointed out on Monday that strengthening local government is the Government of National Unity’s key priority, noting disruptions in the supply of electricity and clean... 


Untrans truck travelling on national road
Unitrans positive about govt, private-sector intervention amid transport crises
9th December 2024 By: Tracy Hancock

Despite the deterioration of South Africa’s aging transport infrastructure and a challenging operating environment, end-to-end logistics and supply chain solutions provider Unitrans CEO Edwin... 


Agbiz/IDC Agribusiness Confidence Index increases further in the fourth quarter
6th December 2024 By: Sabrina Jardim

The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation (IDC) Agribusiness Confidence Index (ACI) increased by ten points quarter-on-quarter to 58 in the fourth quarter of this... 


Seifsa CEO Lucio Trentini
Repair and rebuild of infrastructure can drive aggressive industrialisation programme, says Seifsa
6th December 2024 By: Schalk Burger

Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says an aggressive industrialisation programme can be driven through the repair and rebuild of... 


Buco retail store in Strijdom Park
Buco opens new store as part of larger effort to grow its Gauteng presence
6th December 2024 By: Darren Parker

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg. The store, which had a soft opening about two months ago, was officially  declared open... 


Business must organise to leverage G20 opportunities, Sacci urges
6th December 2024 By: Schalk Burger

South African business must organise in a fully inclusive manner to take advantage of the opportunities of South Africa's chairing of the intergovernmental platform Group of 20 (G20) for the... 


McKinsey & co
McKinsey, Busa join for G20 event after scandal
6th December 2024 By: Bloomberg

McKinsey & Co. is partnering with South African business-lobby group Business Unity South Africa (Busa) to prepare for an event aimed at connecting global policymakers, civil-society organisations... 


From left: DBSA CEO Boitumelo Mosako.; IAF CEO Vincent le Guennou and Axian CEO Hassanein Hiridjee
Africa50 fund secures new investment pledge from the DBSA
6th December 2024 By: Sabrina Jardim

The Africa50 Infrastructure Acceleration Fund (IAF) has reached a new milestone, with the Development Bank of Southern Africa (DBSA) and pan-African group Axian having agreed to invest in the IAF.... 


Tech Mahindra’s global head of automotive consulting and solutions Sachin Kulkarni (left) and Jendamark India CEO Himanshu Jadhav (right)
Tech Mahindra to become a global partner for Jendamark’s Odin Manufacturing technologies
6th December 2024 By: Schalk Burger

Assembly line design and manufacturing company Jendamark Automation has signed an agreement with technology consulting and systems integrator Tech Mahindra to become a global partner for... 


Academy launches plastics manufacturing machine setter apprenticeship programme
6th December 2024 By: Schalk Burger

The Plastics SA Academy for Learning and Development has launched a plastics-related Plastics Manufacturing Machine Setter trade apprenticeship programme that is an National Qualifications... 


IAEA experts commend Ghana for its commitment to nuclear safety
6th December 2024 By: Rebecca Campbell

An expert mission from the International Atomic Energy Agency (IAEA) has commended Ghana for being committed to continuously improving nuclear and radiation safety, as the country moves forward... 


UK funding released to look at improving rural road construction in SA
UK funding released to look at improving rural road construction in SA
6th December 2024 By: Irma Venter

The Royal Society, in the UK, has provided funding to support a three-year collaborative roads project between the UK’s University of Nottingham (UoN) and South Africa’s Stellenbosch University... 


Another M&R director resigns
6th December 2024 By: Sabrina Jardim

JSE-listed Murray & Roberts has reported that Alexandra Muller has resigned from the board of directors of the group with effect from December 9. “The board wishes to thank Ms Muller for her... 


UP student Rorisang Mahomo
University of Pretoria student provisionally credited with detecting an asteroid
6th December 2024 By: Rebecca Campbell

A third-year student at the University of Pretoria (UP) has been provisionally credited with the detection of an asteroid. Twenty-year-old Rorisang Mahomo, who hails from Lesotho, has had her... 


Busa expresses frustration over UIF’s ongoing failures
6th December 2024 By: Sabrina Jardim

The operational inefficiencies and governance failures of the Unemployment Insurance Fund (UIF) are letting down hundreds of thousands of workers, many of whom are now facing a festive season... 


IATA reports continued strong growth in air passenger demand
6th December 2024 By: Rebecca Campbell

Global air passenger demand in October remained strong, the International Air Transport Association (IATA) has reported. (IATA is the representative body for the global airline industry.) Total... 


An image of Coronation CEO Anton Pillay
Nedbank CIB advises Coronation on BBBEE deal
6th December 2024 By: Tasneem Bulbulia

Banking services provider Nedbank Corporate and Investment Banking (CIB) has advised independent asset manager Coronation Fund Managers on a broad-based black economic empowerment (BBBEE)... 


Eskom, NTCSA brief lawmakers
Eskom, NTCSA brief lawmakers
6th December 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the key themes that emerged during a briefing by Eskom and the National Transmission Company South Africa to lawmakers this week. The briefing... 


McKinsey & Company
McKinsey to pay SA R1.1bn for its role in State capture
6th December 2024 By: Thabi Shomolekae

The National Prosecuting Authority announced that it has successfully concluded dispute resolution with McKinsey South Africa, in which McKinsey will pay about R1.1-billion into South Africa's... 


New IDC CEO Mmakgoshi Lekhethe
Senior National Treasury official Lekhethe appointed to lead IDC
6th December 2024 By: Terence Creamer

Cabinet has approved the appointment of Mmakgoshi Lekhethe, a senior official from the National Treasury, as the first woman CEO of the State-owned Industrial Development Corporation (IDC).... 


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