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Open Mic
Affordability and Eskom inefficiencies come under scrutiny as Nersa hearings kick off
18th November 2024 By: Terence Creamer

The issues of electricity affordability and Eskom’s inefficiencies emerged as recurring themes as the National Energy Regulator of South Africa (Nersa) kicked off nationwide public hearings in Cape... 


artisinal gold nuggets held by artisinal miner
Russian war machine funded by illicit gold trading, WGC report states
18th November 2024 By: Darren Parker

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 


TWK plantation
Lower earnings reflect difficult trading year for TWK
18th November 2024 By: Marleny Arnoldi

Diversified agriculture and forestry company TWK Investments says its results for the year ended August 31 reflect the unusual and challenging trading environment it experienced throughout the... 


Telkom delivers double-digit half-year growth
18th November 2024 By: Natasha Odendaal

Telkom South Africa on Monday reported an 18.3% increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) from continuing operations to R5.61-billion during the... 


How working with ‘glocal’ OEMs can empower East Africa's channel partners for success
How working with ‘glocal’ OEMs can empower East Africa's channel partners for success
18th November 2024

Channel partners in East Africa, including resellers, distributors, system integrators and panel builders, often need to overcome significant hurdles to sell solutions in the local market... 


African, Japanese institutions sign MoU to accelerate energy investment in the continent
18th November 2024 By: Rebecca Campbell

The Africa Finance Corporation (AFC) has signed a memorandum of understanding (MoU) with the Japan Institute for Overseas Investment (JOI), aimed at scaling up investment flows into Africa. The AFC... 


Astral chicken farm
Astral swings to full-year profit, resumes dividend
18th November 2024 By: Marleny Arnoldi

JSE-listed integrated poultry producer Astral Foods has managed to swing from an operating loss of R621-million in the 2023 financial year to an operating profit of R1.1-billion for the financial... 


iron ore pellets
Iron-ore prices to remain at about $100/t in 2025, BMI says
18th November 2024 By: Darren Parker

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 


Gold loses some luster after Trump’s decisive win
Gold loses some luster after Trump’s decisive win
18th November 2024 By: Bloomberg

Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around. In the two days immediately following the Republican candidate’s... 


Sheila Khama
Opinion: De Beers resumes exploration in Angola and Botswana’s new leaders see red
15th November 2024 By: Creamer Media Reporter

In this article, policy adviser and former De Beers Botswana CEO Sheila Khama writes about De Beers' exploration in Angola and asks whether Botswana should be concerned. On October 23, De Beers... 


Kieswetter appointed as OECD Forum on Tax Administration vice chair
15th November 2024 By: Sabrina Jardim

South African Revenue Service (Sars) Commissioner Edward Kieswetter has been appointed as vice chairperson of the Organisation for Economic Cooperation and Development (OECD) Forum on Tax... 


Forestry, Fisheries and the Environment Minister Dion George
South Africa says China could assume climate lead if US exits
15th November 2024 By: Bloomberg

China has an opportunity to lead the global fight against climate change with the US set to tamp down its commitments following the election of Donald Trump as president, South Africa’s environment... 


Dean Macpherson
Public Works to blacklist ‘criminal’ contractors as delayed projects reach R3-billion
15th November 2024 By: Irma Venter

Out of the 206 infrastructure projects overseen by the Department of Public Works and Infrastructure (DPWI) this financial year, 164 projects are experiencing delays, says Public Works and... 


The Duvha power station in Mpumalanga
South Africa's revised carbon tax to be harsher but with more offsets, Treasury says
15th November 2024 By: Reuters

South Africa's revised carbon tax aims to balance the rival demands of climate activists and polluters by lowering tax-free allowances while letting companies make greater use of offsets, the... 


Image of solar panels
Renewable-energy solution for South African businesses
15th November 2024

FNB in collaboration with strategic partners says it has designed a solution to help businesses address the growing demand for affordable, reliable, and sustainable energy solutions. FNB Energy... 


Provinces increase their expenditure by nearly 5% in the second quarter
15th November 2024 By: Schalk Burger

National Treasury has revealed that South Africa's provinces spent 50.6%, or R384.9-billion, of the allocated main budget of R760.1-billion in the second quarter of the 2024/25 financial year,... 


TotalEnergies, bp, Equinor and Shell to invest $500m to improve energy access in Africa, Asia
15th November 2024 By: Schalk Burger

Oil, gas and energy multinational companies TotalEnergies, bp, Equinor and Shell have made a $500-million joint investment commitment to create positive energy access impact for people in key... 


Minister of Higher Education and Training Dr Nobuhle Nkabane
Higher Education Minister to undertake working visit to China to strengthen TVET cooperation
15th November 2024

Minister of Higher Education and Training Dr Nobuhle Nkabane is set to lead a high-level South African delegation on a working visit to China between November 15 and 26, as part of efforts to... 


Cyclone brings Vale on board for Canada iron-ore project
Cyclone brings Vale on board for Canada iron-ore project
15th November 2024 By: Creamer Media Reporter

ASX-listed Cyclone Metals has announced a memorandum of understanding (MoU) with diversified major Vale regarding the development of an iron-ore project in Canada. The MoU outlines the terms for a... 


France's Orano warns of financial problems at Niger uranium plant Somair
15th November 2024 By: Reuters

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures... 


Hastings' Yangibana project
Wyloo wants Hastings to explain debt repayments
15th November 2024 By: Mariaan Webb

Andrew Forrest’s Wyloo Metals has requested that the board of rare earths developer Hastings Technology Metals explain how it intends to repay its debt to the company and to clarify its position... 


South African Reserve Bank logo
South African Reserve Bank to cut rates 25bps to 7.75% on Nov 21 – Reuters poll
15th November 2024 By: Reuters

The South African Reserve Bank will cut its repo rate next week as slowing inflation continues to make way for a series of cuts through the middle of next year, spurring growth to almost 2%, a... 


Image of the Langer Heinrich mine
Langer Heinrich uranium restart project, Namibia – update
15th November 2024 By: Sheila Barradas

Paladin Energy has revised downwards its production forecast for the Langer Heinrich mine. 


Image of the Kayelekera operations
Kayelekera uranium restart project, Malawi – update
15th November 2024 By: Sheila Barradas

Lotus Resources is fully funded to restart production. 


Image of solar panel system
Harmony Gold renewable-energy programme, South Africa – update
15th November 2024 By: Sheila Barradas

Construction of the Moab Khotsong solar PV will start before the end of 2024. 


Image of copper ore
Eva copper mine project, Australia – update
15th November 2024 By: Sheila Barradas

Harmony Gold Mining Company is in the final stages of the feasibility study update for the project. 


Image of Australia flag and periodic table symbol for lithium and tantalum
Kathleen Valley lithium/tantalum project, Australia – update
15th November 2024 By: Sheila Barradas

Liontown Resources has scaled back its production plans for the flagship Kathleen Valley lithium project. 


Image of the Mponeng mine
Mponeng extension and deepening project, South Africa – update
15th November 2024 By: Sheila Barradas

The project is progressing well. 


Image of road construction
Southern region road infrastructure build programme, South Africa
15th November 2024 By: Sheila Barradas

The South African National Roads Agency Limited has awarded 12 road infrastructure contracts since the beginning of the 2024/25 financial year. 


Tough going
15th November 2024 By: Riaan de Lange

"When the going gets tough, the tough get going,” as Billy Ocean reminds us in his 1986 hit. But, as we listen to those words, one can’t help but wonder: Tough for whom? Is it for you, for me, for... 


An image of Michael Fridjhon
Industry well placed to capitalise on international demand
15th November 2024 By: Lumkile Nkomfe

Despite the improved performance of the rand, wine festival Standard Bank WineX founder Michael Fridjhon highlights that the South African wine market has increasingly become an exciting and... 


Automotive Industry Transformation Fund distributes R596m to 67 companies
15th November 2024 By: Irma Venter

The Automotive Industry Transformation Fund (AITF) has since its inception in 2020 invested R596-million in 67 companies across the automotive value chain, says  CEO Jabu Selumane. “Our goal is to... 


freight train at railway crossing
Level crossing incidents not only cost lives but also the economy, TFR CEO says
14th November 2024 By: Darren Parker

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 


MTN logo
MTN earns higher revenue from data, fintech growth in the third quarter
14th November 2024 By: Schalk Burger

Mobile network operator MTN achieved a 12.9% increase in group revenue in constant currency terms, with data revenue having increased by 21.3% and financial technology (fintech) revenue by 28.9%... 


Euro Manganese CEO resigns
14th November 2024 By: Creamer Media Reporter

TSX-V and ASX-listed Euro Manganese has appointed CFO Martina Blahova as its interim CEO to replace Matthew James, who had resigned from the company. The board will conduct a search for a new CEO. 


Roger Baxter and Johan Odendaal.
South Africa back on investor radar screen, Roger Baxter reports
14th November 2024 By: Martin Creamer

People are sitting up and taking notice of South Africa being very much back on the investment radar screen, Southern Palladium executive chairperson Roger Baxter said on Thursday. This follows the... 


Independent Power Producer Office head Bernard Magoro
IPP Office confirms ongoing dispute with 13 projects over payment of bid bonds
14th November 2024 By: Terence Creamer

The head of South Africa’s Independent Power Producer Office (IPPO) has confirmed that it has called the bid bonds for 14 projects that failed to advance to commercial close during the fifth bid... 


Civil society points to procedural missteps in govt’s decision on exploration right for oil, gas
Civil society points to procedural missteps in govt’s decision on exploration right for oil, gas
14th November 2024 By: Thabi Shomolekae

Non-profit organisation Natural Justice expressed optimism that the courts will see the flaws in government’s decision-making process on exploration rights for oil and gas and rule in favour of... 


Lexington Gold, Gold One Africa mull cooperation at their South African projects
14th November 2024 By: Tasneem Bulbulia

Aim-listed Lexington Gold and its broad-based black economic empowerment partner Letsema have entered into an intention to cooperate agreement with Gold One Africa, which will see the parties seek... 


Hudbay says copper and gold diversification drives strong Q3 performance
Hudbay says copper and gold diversification drives strong Q3 performance
14th November 2024 By: Mariaan Webb

Canadian miner Hudbay Minerals delivered strong operating and financial results in the third quarter, with record gold production in Manitoba and robust cost controls across the business, says CEO... 


BHP's Spence mine
BHP set to detail copper growth plans on Chile roadshow, analysts say
14th November 2024 By: Reuters

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 


John Deere image
Empowering SA’s mining industry: How John Deere Financial can help companies stay competitive
14th November 2024

The South African mining sector continues to play a critical role in the economy, but it faces significant challenges. While the country remains a global leader, mining companies need to grapple... 


Bertus Bierman
Public-private collaboration needed to tackle South Africa’s infrastructure challenges
14th November 2024

By Bertus Bierman South Africa faces immense challenges in developing and maintaining the infrastructure it needs to support social and economic growth. From water shortages to the energy crisis,... 


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