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R/€ = 19.5783 Change: -0.0001R/$ = 19.1085 Change: -0.0017Au 2685.61 $/oz Change: -3.97Pt 977.10 $/oz Change: -0.10  
Indices supplied by IRESS as at 06:00 on 11 January 2025 CAT

11th January 2025

 

South Africa’s recently established Transnet Rail Infrastructure Manager (TRIM) is gearing up for the allocation of the first route slots to private train operating companies (TOCs) in line with the long-awaited Network Statement, published in December. The Network Statement, which includes a...

Transnet Rail Infrastructure Manager interim CE Moshe Motlohi

Transnet Rail Infrastructure Manager interim CE Moshe Motlohi

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has expressed grave concern over ArcelorMittal South Africa’s (AMSA’s) decision to mothball its long-steel operations, describing the move as a “socioeconomic catastrophe” with widespread ramifications for the economy,...

Toyota South Africa Motors (TSAM) saw its new-vehicle sales slip by 9.8% in 2024 compared with 2023 – this in an overall market that was down 3%. The local arm of the Japanese manufacturer has, however, retained its position as long-standing market leader, despite its share of the market also...

Sub-Saharan Africa’s economic growth is expected to improve to an average 4.2% this year from an estimated 3.8% in 2024, boosted by investments in energy and infrastructure and an expanded services sector, according to Moody’s Ratings. The US company lifted its outlook for the region’s credit...

Namibia’s Mines and Energy Ministry has downplayed the impact of energy company Shell recent $400-million write-down on its offshore oil discoveries, stating that the country it remains committed to developing its hydrocarbon discoveries. “We are dedicated to progressing these opportunities...

Unpacking how criminals use High-Value Goods Dealers to launder money It is estimated that South African businesses launder between R16-billion and R64-billion yearly.

Creamer Media's ‘Construction 2024/25: Adapting to new realities’ report explores key aspects of the South African construction sector, offering a comprehensive overview of its challenges and opportunities.

While the Democratic Alliance has welcomed the Department of Trade, Industry and Competition’s approach on compensating whistleblowers who suffer serious losses because of their contribution to cleaning up corruption, the party is calling for a department-wide policy. In a reply to a DA...

The International Air Transport Association (IATA) has reported sustained growth in global air passenger demand for November, with total demand rising by 8.1% year-on-year. This growth was driven by an 11.6% increase in international demand, while domestic demand also rose by 3.1%. Total air...

India aims to produce five-million tonnes of green hydrogen year by 2030 under the National Green Hydrogen Mission, Prime Minister Narendra Modi has announced. At the same time, Hydrogen Europe CEO Jorgo Chatzimarkakis has stated out of Europe that “the New Year has started quite well for the...

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Despite big hurdles, long journey to electric mobility begins across Africa

NYSE-listed Caterpillar has marked 2025 as its 100-year anniversary. The globally recognised original equipment manufacturer (OEM) technically turns 100 on April 15, which is when, in 1925, Holt Manufacturing and the CL Best Tractor merged to form what was then known as the Caterpillar Tractor Co.

November last year was the sixteenth consecutive month of growth in air cargo demand, the International Air Transport Association (IATA) has reported. “It was a good November for air cargo with 8.2% [year-on-year] demand growth nearly doubling the 4.6% growth in cargo capacity,” highlighted IATA...

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Sponsored by WEG Africa

Dougal Bennett, chief commercial officer at Mukuru

This week for profile Dougal Bennett, chief commercial cfficer at Mukuru, one of the largest money-transfer providers in Africa and a leading next-generation financial services platform that offers affordable and reliable financial services to the emerging consumer


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