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US President Joe Bident touched down in Luanda on Monday.
Start of Biden's visit to Angola overshadowed by son's pardon
3rd December 2024 By: Reuters

US President Joe Biden landed in Angola on Monday for a visit focused on a US-backed railway project and on the legacy of slavery, but his decision to pardon his son Hunter Biden threatened to... 


Eskom suspends planned power interruption in Joburg, pending expert's report
3rd December 2024 By: Creamer Media Reporter

Power utility Eskom has suspended its Promotion of Administrative Justice Act (PAJA) notice of potential power interruption against the City of Johannesburg (CoJ) and City Power, which was issued... 


Airlines not switching quickly enough to green jet fuel, study says
Airlines not switching quickly enough to green jet fuel, study says
3rd December 2024 By: Reuters

 Most of the world's airlines are not doing enough to switch to sustainable jet fuel, according to a study by Brussels-based advocacy group Transport and Environment, which also found too little... 


No breakthrough yet in a global plastics treaty
2nd December 2024 By: Schalk Burger

The fifth session of the Intergovernmental Negotiating Committee (INC5) for a Global Plastics Treaty ended without a treaty, and member States have agreed to meet again for what could be the final... 


With G20, B20 presidencies, South Africa to amplify Africa's role in global business affairs
2nd December 2024 By: Schalk Burger

South Africa has assumed the presidency of intergovernmental forum Group of 20 (G20) and its private sector engagement group Business 20 (B20). B20 South Africa will focus on unifying efforts... 


Malben Engineeringfounder Amerigo Smargiasso
Malben Engineering wins environmental stewardship award for green steel trial
2nd December 2024 By: Schalk Burger

Stampings and welding components manufacturer Malben Engineering won industry organisation the Steel and Engineering Industries Federation of Southern Africa's (Seifsa's) environmental award for... 


Tshwane to strengthen service delivery, revenue collection after reaching agreement with Eskom
2nd December 2024 By: Schalk Burger

The City of Tshwane says the agreement with State-owned Eskom to settle the R6.67-billion historical debt it owes to the utility signals a turning point, ending years of costly litigation and... 


Steel being produced
Simmering steel tensions coming to boil as Newcastle mill’s survival comes under spotlight again
2nd December 2024 By: Terence Creamer

Long simmering tensions in South Africa’s steel sector appear to be coming to a boil following a joint statement by the National Union of Metalworkers of South Africa (Numsa) and ArcelorMittal... 


Platinum metals support every step of the green hydrogen fuel cell economy.
Platinum demand outlook lifted higher by series of new global hydrogen fuel cell buildouts
2nd December 2024 By: Martin Creamer

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell... 


South Africans holding flag
AgriSA highlights desired focal areas for South Africa as it leads G20
2nd December 2024 By: Marleny Arnoldi

As South Africa assumed the presidency of the Group of 20 (G20) and its private sector engagement group Business 20, industry body AgriSA says this leadership position presents an opportunity for... 


structural steel
Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024 By: Darren Parker

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Nampak production line
Nampak posts marked profitability growth amid turnaround efforts
2nd December 2024 By: Marleny Arnoldi

JSE-listed packaging manufacturer Nampak’s turnaround plan has resulted in its earnings before interest, taxes, depreciation and amortisation (Ebitda) increasing by R1.1-billion from R343-million... 


Garth Hamilton from HHH Achitects, Azania Muendane from CPFS, James Vos, Tristan Keyte from CPFS, Henry F Herring, and Tlhogi Dube from Unicorn Factory Finance
Cape Town to see construction of R900m film set
2nd December 2024 By: Irma Venter

The City of Cape Town has announced the approval of a lease agreement for part of a city-owned property in Paardevlei, Somerset West, which will see the construction of a R900-million film set by... 


Stellantis global group CEO resigns amid financial headwinds
Stellantis global group CEO resigns amid financial headwinds
2nd December 2024 By: Irma Venter

Stellantis CEO Carlos Tavares has resigned with immediate effect. The announcement at the world’s fourth biggest car maker comes amid declining profit and sales in its key North America market. 


Africa enjoyed a 9% y/y increase in FDI in 2024, report shows
2nd December 2024 By: Darren Parker

Africa recorded a 9% year-on-year increase in foreign direct investment (FDI) projects this year, albeit still 22% below prepandemic levels from 2019, EY Africa’s latest yearly ‘Africa... 


EAAIF, IFC and Proparco coanchor investors in oversubscribed $1.2bn IHS Holding bond
2nd December 2024 By: Natasha Odendaal

Private Infrastructure Development Group (PIDG) company, the Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, acted as a coanchor investor, alongside IFC and Proparco, in... 


An image of Standard Bank Energy and Infrastructure, Corporate and Investment Banking senior VP Jeanne-Marie Fatti
CrossBoundary Energy secures $140m to scale African renewable-energy portfolio
2nd December 2024 By: Tasneem Bulbulia

Mauritius-headquartered CrossBoundary Energy, which provides financed renewable-led power solutions to African enterprises, has secured a $140-million senior debt commitment from Standard Bank of... 


Absa PMI drops back into contractionary territory for Nov
2nd December 2024 By: Tasneem Bulbulia

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined by 4.5 points in November, reverting back to contractionary territory at 48.1 index points. The company says this points to... 


BRICS
South Africa says no plans to develop a common Brics currency
2nd December 2024 By: Bloomberg

South Africa’s government said there are no plans to create a so-called Brics currency, after US President-elect Donald Trump threatened to impose 100% tariffs on members of the economic bloc that... 


BLSA CEO Busi Mavuso
Auditor-General says culture of accountability must be built in public sector – Mavuso
2nd December 2024 By: Schalk Burger

In Auditor-General (AG) Tsakani Maluleke's report on the performance of national government entities and an assessment of the underlying performance of the public sector released during the final... 


Aveng to sell its 30% stake in Dimopoint
2nd December 2024 By: Tasneem Bulbulia

JSE-listed Aveng, through its subsidiary Aveng Africa, on November 28 entered into a sale of shares agreement with Collins Property Group for the 30% interest Aveng holds in the issued share... 


LHDA awards Oxbow Hydropower Scheme design contract
2nd December 2024 By: Natasha Odendaal

The Lesotho Highlands Development Authority (LHDA) has awarded the engineering design and construction supervision contract for the Oxbow Hydropower Scheme – Lesotho’s preferred option for the... 


Seifsa CEO Lucio Trentini
Domestic steel industry must improve cost structures, logistics costs to survive
29th November 2024 By: Schalk Burger

For the South African steel industry to survive, the cost structures must improve across the value chain to position South African primary steelmaking in the lowest quartile of the global steel... 


SAPVIA expects bright year ahead for solar energy
29th November 2024 By: Sabrina Jardim

A recent report by the International Energy Agency (IEA) states that the growth in demand for electricity in 2024 and 2025 is forecast to be among the highest levels in the past two decades. They... 


Tharisa mine.
Downstream beneficiation investment starting to show commercial results – Tharisa
29th November 2024 By: Martin Creamer

Investment in downstream beneficiation is starting to pay dividends and to show real commercial results, says Tharisa CEO Phoevos Pouroulis. “We sold our first commercial chrome alloy to an... 


MTN extends Mupita’s contract
29th November 2024 By: Natasha Odendaal

MTN Group on Friday said that group president and CEO Ralph Mupita’s employment agreement has been extended until August 31, 2030. The group reached an agreement with Mupita on the extension of his... 


Image of Cape Town mayor Geordin Hill-Lewis
Cape Town declares dispute over ‘unconstitutional’ District Development Model regulations
29th November 2024 By: Irma Venter

Cape Town Mayor Geordin Hill-Lewis says the city has declared a formal intergovernmental dispute owing to what it calls the “unconstitutional and unlawful” District Development Model regulations,... 


An image depicting the Multotec factory
Multotec launches R100m screening media factory to boost efficiency, production capacity
29th November 2024 By: Sabrina Jardim

Metallurgy and process engineering company Multotec recently completed construction of its new R100-million screening media factory to consolidate its South African injection-moulded polyurethane... 


Fossil fuel and renewable energy infrastructure
Energy transition is accelerating, but fossil fuel emissions to overshoot targets by 50%
29th November 2024 By: Schalk Burger

While the new climate finance goal of $300-billion a year from developed nations to support developing nations' energy transition by 2035, and the aim to mobilise an additional $1.3-trillion a year... 


Image of the Jaecoo J5
Omoda, Jaecoo to roll out six new models in SA in 2025, EVs included
29th November 2024 By: Irma Venter

The Chery Group division comprising the Omoda and Jaecoo marques – Brand O&J – entered the South African market in 2023 with the launch of the Omoda C5. Since then, the Chinese manufacturer's... 


Associations submit proposal for VAT-free chicken
29th November 2024 By: Sabrina Jardim

Nonprofit organisation the FairPlay Movement has noted that the proposal for the removal of value-added tax (VAT) from specified chicken products has been submitted to the government. The proposal... 


New proposed legal amendments modernise monitoring, administration of building regulations, standards
29th November 2024 By: Schalk Burger

The Department of Trade, Industry and Competition (dtic) said proposed amendments to the National Building Regulations and Building Standards Act are aimed at modernising the Act, resolving... 


FirstRand's first social bond proceeds to support FNB lending to SMMEs, housing customers
29th November 2024 By: Schalk Burger

The proceeds of financial services provider FirstRand Bank's inaugural social bond will be allocated to fund financial services firm FNB’s lending to small, medium-sized and microenterprises... 


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