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Vehicles on an assembly line
GDP grew by 0.4% in the second quarter
3rd September 2024 By: Creamer Media Reporter

South Africa’s GDP increased by 0.4% in the second quarter, with the manufacturing industry having increased by 1.1%, contributing 0.1 of a percentage point to the GDP growth. Six of the ten... 


admyt ticketless parking
Hyprop deploys admyt ticketless parking solution at major malls
3rd September 2024 By: Marleny Arnoldi

JSE-listed real estate investment trust Hyprop Investments and ticketless parking solutions company admyt have partnered to improve parking services at Hyprop’s largest retail centres. admyt will... 


Sasol CEO Simon Baloyi
Sasol confirms refinements being made to emissions reduction pathway
3rd September 2024 By: Terence Creamer

Energy and chemicals group Sasol has reiterated that its target to reduce its greenhouse-gas (GHG) emissions by 30% by 2030 remains in place, but has also confirmed that it is refining its... 


Rand currency
South Africa asks banks, insurers for consumer education plans
3rd September 2024 By: Bloomberg

A top South Africa regulator is planning to require financial institutions to unveil their plans for boosting spending on customer education as it seeks to improve the lives of consumers in a... 


RCL meat-free and vegan foods
Sugar drives resilience for RCL despite softer consumer demand
3rd September 2024 By: Marleny Arnoldi

JSE-listed food manufacturer RCL Foods has delivered solid results in the financial year ended June 30 despite softer consumer demand, with earnings before interest, taxes, depreciation and... 


Sifiso Dabengwa
Business community mourns Dabengwa’s passing
3rd September 2024 By: Marleny Arnoldi

Condolences have streamed in for the late Sifiso Dabengwa, who previously served as a nonexecutive director for State-owned power utility Eskom and CEO of telecommunications company MTN. The... 


The Hendrina power station
Germany seeks clarity on South Africa’s coal-closure slowdown
3rd September 2024 By: Bloomberg

Germany’s climate envoy said her country is seeking clarity on South Africa’s plans to slow down the closure of its coal-fired power plants and alter the terms of a landmark climate-finance pact.... 


Pertamina NRE, Guma Africa Group sign study agreement on power project
3rd September 2024 By: Reuters

Pertamina New and Renewable Energy (Pertamina NRE), a unit of Indonesian state energy firm Pertamina, has signed a joint study agreement with Guma Africa Group to cooperate on a natural gas and... 


An image of the planned new SEW-Eurodrive facility on display during the groundbreaking ceremony
SEW-EURODRIVE to invest R380m in new Joburg drive service, repair facility
2nd September 2024 By: Darren Parker

Drive technology manufacturer SEW-EURODRIVE has announced an estimated R380-million investment into a new service and repair centre to be built adjacent to its current facilities in Aeroton,... 


Dr Vladimir Guterman
Hydrogen fuel cells: the path to a sustainable future
2nd September 2024

In recent years, the global energy landscape has been rapidly evolving, with hydrogen emerging as a key player in transitioning to sustainable energy sources. Hydrogen stands out as a promising... 


SITA announces new head for its Middle East and Africa region
2nd September 2024 By: Rebecca Campbell

Global air transport IT group SITA (not to be confused with South Africa’s State IT Agency) has announced the appointment of a new president for its Middle East and Africa region. He is Selim... 


South Africa’s pilot carbon capture scheme officially inaugurated
2nd September 2024 By: Rebecca Campbell

The Council for Geoscience (CGS) on Monday announced that the country’s first carbon capture, utilisation and storage (CCUS) research site had been officially inaugurated. This marked the... 


Nedbank CIB, SA REIT Association to launch sustainability guide
2nd September 2024 By: Schalk Burger

Financial services firm Nedbank Corporate and Investment Banking (CIB) and industry organisation the South African Real Estate Investment Trust Association (SA REIT) have formed a strategic... 


Air pollution near the Duvha power station in Mpumalanga
Good progress on air quality frameworks, but implementation needed
2nd September 2024 By: Schalk Burger

South Africa has a robust framework to manage air quality, as well as regulations and standards that serve as a yardstick for measuring and monitoring harmful emissions. The country also follows... 


An image showing the Toyota Wessels conference centre
New, expanded TWIMS, Toyota Teach facilities launched
2nd September 2024 By: Tasneem Bulbulia

Automotive company Toyota South Africa’s Toyota South Africa Educational Trust last month commemorated its new, expanded Toyota Wessels Institute for Manufacturing Studies (TWIMS) and Toyota Teach... 


Transnet CEO Michelle Phillips delivering Transnet's 2024 results
Phillips confirms 193Mt ‘stretch target’ for rail amid criticism that recovery plan lacks ambition
2nd September 2024 By: Terence Creamer

Transnet CEO Michelle Phillips has acknowledged criticism over the pace at which it plans to recover rail volumes and has reported that an internal “stretch target” of 193-million tons has been set... 


SEW-Eurodrive national sales and marketing manager Jonathan McKey
SEW-EURODRIVE ‘closes the loop’ with more diverse range of drives, automation, sustainability solutions
2nd September 2024 By: Darren Parker

Power train solutions company SEW-EURODRIVE has announced that it is rolling out a wider selection of planetary drives as part of its ‘close the loop’ strategy, geared at servicing more industry... 


NDB approves $1bn loan to SA; Godongwana urges speedy disbursement
NDB approves $1bn loan to SA; Godongwana urges speedy disbursement
2nd September 2024 By: Irma Venter

The board of directors of the New Development Bank (NDB) has approved a loan of up to $1-billion for the development of water and sanitation infrastructure in South Africa under government’s... 


Reserve Bank Governor Lesetja Kganyago
Sustained low CPI may spur South Africa rate cuts, Kganyago says
2nd September 2024 By: Bloomberg

South Africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, Governor Lesetja Kganyago said. Consumer-price growth was 4.6% in July, the... 


R50-billion in tenders out to market, another R1.8bn to follow – Sanral
R50-billion in tenders out to market, another R1.8bn to follow – Sanral
2nd September 2024 By: Irma Venter

The South African National Roads Agency Limited (Sanral) says it is currently evaluating 96 tenders worth R35-billion, while 86 contracts worth R15-billion have already been awarded since the start... 


MTN sends condolences on passing of former CEO Sifiso Dabengwa
2nd September 2024 By: Creamer Media Reporter

MTN Group on Monday sent condolences to the family of Sifiso Dabengwa, who has passed away. Dabengwa served as the group president and CEO from 2011 to 2015 and was a key figure in MTN’s 30-year... 


Ministerial criticism on banks should be backed by evidence, urges Mavuso
2nd September 2024 By: Marleny Arnoldi

Business Leadership South Africa (BLSA) CEO Busi Mavuso has expressed concern about a press conference held by Human Settlements Minister Mmamoloko Kubayi last month, saying the Minister... 


Dept confirms large decreases in petrol, diesel for Sept
2nd September 2024 By: Chanel de Bruyn

The Department of Mineral Resources and Energy, which is being split into the Department of Mineral and Petroleum Resources and the Department of Electricity and Energy, has confirmed that petrol... 


Chinese President Xi Jinping & South African President Cyril Ramaphosa
Ramaphosa recommits to political, economic ties with Jinping ahead of China-Africa Summit
2nd September 2024 By: Sashnee Moodley

Ahead of the ninth Forum on China-Africa Cooperation Summit, on Thursday, President Cyril Ramaphosa met with Chinese President Xi Jinping, in Beijing, on Monday, where Ramaphosa reaffirmed South... 


This Begbie facility
Absa PMI records sharp contraction in August
2nd September 2024 By: Marleny Arnoldi

Absa has reported a month-on-month drop of 8.8 points in the seasonally adjusted Purchasing Managers’ Index (PMI) for August to a level of 43.6, which reflects a shift back to contractionary... 


South Africa is losing its trade competitiveness edge
2nd September 2024 By: Schalk Burger

Enormous investments are being made in ports, rail and transport logistics in Southern Africa, as well as more broadly in Africa, including by international companies and consortia. "Global... 


South32 CEO Graham Kerr.
South32’s future outlook has probably never looked brighter, CEO tells Mining Weekly
2nd September 2024 By: Martin Creamer

The future outlook for South32, the mining and metals company spun out of BHP in 2015, has probably never looked brighter, says South32 CEO Graham Kerr. “It's a decade in for the company, and time... 


Panel ponders considerations, challenges of adapting personal income tax, fiscal system
30th August 2024 By: Tasneem Bulbulia

While progressive reforms have been made to South Africa’s personal income tax (PIT) system since the advent of democracy, the potential to bolster this further with the aim of increasing revenue... 


Optix launches tech to improve road safety
30th August 2024 By: Sabrina Jardim

With about 80% of road crashes in South Africa caused by human error, fleet camera provider Optix, aims to facilitate, monitor and maintain positive human behaviour shifts geared towards safer... 


Northam CEO Paul Dunne and diesel power generation.
Northam Platinum enters into 180 MW solar farm agreement at energy-intensive mine
30th August 2024 By: Martin Creamer

Platinum group metals (PGMs) and chrome producer Northam has entered into a power purchase agreement with an independent power producer for an 180 MW solar farm at its Zondereinde PGM mine on the... 


M&R reaches debt repayment agreement with banking consortium
30th August 2024 By: Darren Parker

JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been... 


Transnet CEO Michelle Phillips (left) and NDB president Dilma Rousseff
NDB signs R5bn loan agreement with Transnet
30th August 2024 By: Irma Venter

The New Development Bank (NDB) on Friday signed a R5-billion loan agreement with State-owned freight transport and logistics group Transnet. The agreement was signed during the NDB’s ninth yearly... 


Developed-country debt draining international market liquidity – NDB president
Developed-country debt draining international market liquidity – NDB president
30th August 2024 By: Irma Venter

Enacting the just transition in emerging markets and developing countries (EMDCs) requires “a huge amount of resources and long-term financing”, says New Development Bank (NDB) president Dilma... 


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