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Network launched to support emerging markets to adopt sustainability reporting standards
18th December 2024 By: Schalk Burger

A network has been established by 31 countries to support the adoption and use of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards, or ISSB Standards. Adopting... 


Barrick president and CEO Dr Mark Bristow.
Barrick seeks fair resolution in Mali through arbitration
18th December 2024 By: Martin Creamer

New York- and Toronto-listed Barrick Gold Corporation on Wednesday, December 18, confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de... 


Public Works and Infrastructure Minister Dean Macpherson
DPWI seeks input on better uses for 24 underutilised State-owned properties
18th December 2024 By: Chanel de Bruyn

The Department of Public Works and Infrastructure (DPWI) has released requests for proposals (RFPs) for 24 underutilised State-owned properties across the country. Members of the public and private... 


The conveyor and Grindrod's Navitrade terminal
Grindrod achieves 2Mt coal throughput at its Navitrade terminal
18th December 2024 By: Creamer Media Reporter

Logistics group Grindrod has reached throughput of two-million tonnes of coal at its Navitrade terminal, in Richards Bay, with the support and collaboration of State-owned Transnet Port Terminals... 


Govt extends deadline for registration of spaza shops
Govt extends deadline for registration of spaza shops
18th December 2024 By: Thabi Shomolekae

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


July Ndlovu
July Ndlovu, Billy Mawasha join AECI board
18th December 2024 By: Creamer Media Reporter

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from January 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI... 


Tongaat's cane operations
Tongaat Hulett to sell all South African assets, operating businesses to Vision Sugar
18th December 2024 By: Schalk Burger

Distressed JSE-listed sugar producer Tongaat Hulett has announced that it will sell all its assets and operating businesses in South Africa to Vision Sugar South Africa. The purchase price for... 


Futuregrowth invests R150m in Sourcefin
18th December 2024 By: Schalk Burger

Investment company Futuregrowth Asset Management has invested R150-million in small, medium-sized and microenterprises (SMMEs) finance and specialist supply chain support financial technology... 


Maputo Mozambique
Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024 By: Reuters

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


Metalloys in Meyerton, Gauteng.
Ferromanganese revival hopes raised by Competition Tribunal’s green light
18th December 2024 By: Martin Creamer

The Competition Tribunal approval of the acquisition of ferromanganese major Metalloys in Meyerton, Gauteng, is raising hopes of a revival of South Africa’s manganese alloy potential. Metalloys,... 


Dorah Modise named Climate Commission director, Olver to serve as deputy chair
17th December 2024 By: Schalk Burger

The Presidential Climate Commission (PCC) has appointed Dorah Modise as executive director, effective from February 24, 2025, following the retirement of Dr Crispian Olver, who President Cyril... 


The Telkom logo
Icasa gives Telkom permission to dispose of towers, masts business
17th December 2024 By: Schalk Burger

Industry regulator the Independent Communications Authority of South Africa (Icasa) has approved mobile network operator Telkom's R6.75-billion disposal of its Swiftnet business, which houses its... 


Kenya plans IVF to save rare White Rhinos nearing extinction
Kenya plans IVF to save rare White Rhinos nearing extinction
17th December 2024 By: Bloomberg

Kenya plans to use assisted reproduction techniques to save the northern white rhino — a species that has only two females remaining worldwide — from the brink of extinction. It will involve... 


Customers paying with a nu-branded card
Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Blyvoor gold
Restarted Blyvoor gold mine is on the way back up on Joburg’s West Rand
17th December 2024 By: Martin Creamer

Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that... 


Structural reforms needed for growth in South Africa, collaboration crucial – BLSA
17th December 2024 By: Schalk Burger

Growth in South Africa cannot occur without underlying structural reforms and, to accelerate the implementation of structural reforms, effective collaboration between business, labour and... 


Prieska Copper Zinc Mine in South Africa’s prospective Northern Cape.
More indications of quality copper in South Africa’s well-endowed Northern Cape
17th December 2024 By: Martin Creamer

The final assay results from diamond drill holes completed to test strike and down-dip extensions of the high-grade copper mineralisation at the Flat Mine South deposit, part of the Okiep Copper... 


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... 


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