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Mahlengi Bhengu-Motsiri
0.6% GDP growth positive sign for economic growth – ANC
5th March 2025 By: Thabi Shomolekae

The African National Congress said on Wednesday South Africa’s 0.6% GDP growth shows a positive growth trajectory despite challenges in areas such as standards of living, which it attributed to an... 


Minerals Council South Africa chief economist Hugo Pienaar
Minerals Council voices concern about dwindling mining investment
5th March 2025 By: Marleny Arnoldi

Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors;... 


The Hidden Risks of Using Unregistered ISO Auditors: How Poor Audits Lead to Costly Non-Compliance
The Hidden Risks of Using Unregistered ISO Auditors: How Poor Audits Lead to Costly Non-Compliance
5th March 2025

South African businesses have suffered massive financial setbacks due to inadequate auditing, with cumulative losses from poor audits and compliance failures running into billions. Through its... 


Pele Energy Group Secures R575 Million Investment Backed by Nedbank and Norfund to Accelerate Renewable Energy Growth
5th March 2025

Pele Energy Group (PEG) has announced the completion of a R575 million capital raise that will significantly bolster its renewable energy and impact ambitions. This investment, backed by Nedbank... 


AuKing secures right to acquire 50% of Cloncurry gold project
4th March 2025 By: Creamer Media Reporter

ASX-listed AuKing Mining has signed an agreement to secure up to a 50% shareholding in Orion Resources, which is acquiring the Cloncurry gold project in northern Queensland. Under a previous... 


Nedbank, Norfund acquire stake in South Africa’s Pele Energy
4th March 2025 By: Bloomberg

South Africa’s Nedbank Group Ltd. and Norwegian investment firm Norfund are acquiring a “substantial minority” stake in a renewable energy company co-founded by a former JPMorgan Chase & Co.... 


Vatomina processing plant
Tirupati ramps up production of flake graphite as executive turbulence stabilises
4th March 2025 By: Marleny Arnoldi

London-listed Tirupati Graphite remains on track to achieve a production rate from the Vatomina graphite project, in Madagascar, of 600 t a month by the end of April, 1 000 t a month by July 31 and... 


Harmony Gold CEO Beyers Nel.
Harmony investing R2bn in underground gold mines, earmarking R1bn for surface gold
4th March 2025 By: Martin Creamer

During this financial year, South Africa’s largest gold mining company will be investing more than R3-billion in its South African assets. “We're on an exciting growth path,” Harmony Gold CEO... 


Two-rand coin with South African flag
GDP recovering slowly and unevenly, but ‘it is a start’
4th March 2025 By: Marleny Arnoldi

Statistics South Africa has reported that GDP increased by 0.6% in the fourth quarter of last year, following a contraction of 0.1% in the third quarter. GDP for the full 2024 also grew by 0.6%.... 


AI use for anti-money laundering is expanding, but adoption is slow
4th March 2025 By: Schalk Burger

As financial institutions work to combat financial crime, their interest in the use of AI technology in anti-money laundering (AML) processes continues to outpace implementation, says data science... 


Earth & Wire reports progress on 2 GW Eastern Cape blended electricity cluster
Earth & Wire reports progress on 2 GW Eastern Cape blended electricity cluster
4th March 2025 By: Creamer Media Reporter

Emerging electricity retail brand Earth & Wire reports that it is at an advanced stage of developing a 2 GW project cluster in the Eastern Cape called Energy Fields, which will blend utility-scale... 


BHP Australia president Geraldine Slattery
BHP urges Australia to sharpen competitive edge amid global trade shifts
4th March 2025 By: Mariaan Webb

BHP Australia president Geraldine Slattery has warned that Australia’s competitive edge in the resources sector is at risk without sustained investment in productivity, energy, and labour policies.... 


A farm in the Eastern Cape
South Africa's GDP grew by 0.6% in the fourth quarter
4th March 2025 By: Creamer Media Reporter

South Africa’s GDP increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of the year. The agriculture, forestry and fishing industry increased by 17.2%,... 


Lotus completes board transition ahead of Kayelekera restart
4th March 2025 By: Tasneem Bulbulia

ASX-listed Lotus Resources has finalised the transition of its board of directors as fully funded restart works at its Kayelekera uranium project, in Malawi, move closer to production in the third... 


Sea Harvest vessel
Sea Harvest profit dips on low catch rates, tough market conditions
4th March 2025 By: Marleny Arnoldi

JSE-listed seafood, aquaculture and agroprocessing company Sea Harvest says last year was its toughest financial year since listing on the JSE in 2017, with its performance having been impacted on... 


Harmony Gold CEO Beyers Nel.
Stellar Harmony Gold results drive record free cash, R1.4bn dividend declaration
4th March 2025 By: Martin Creamer

Record interim free cash flow generation and the highest-ever interim dividend payout was declared on Tuesday by Harmony Gold Mining Company. The gold price has continued to rally since the... 


Toronto exchange’s mining dominance under threat as explorers exit
Toronto exchange’s mining dominance under threat as explorers exit
4th March 2025 By: Bloomberg

Toronto’s claim as the world’s top mining hub is under threat as exploration companies leave Canada and listings dwindle on the nation’s resource-heavy stock exchange. Canada’s once-thriving... 


JSE Group CEO Leila Fourie
JSE achieves earnings growth for 2024 financial year
3rd March 2025 By: Schalk Burger

Local stock exchange, the JSE, reported an increase in net profit after tax of 10.4% to R918-million for its 2024 financial year, with a return on equity of 20.2%, up from 19.4% in the prior year.... 


Mary Bomela
Long-serving MIC CEO steps down
3rd March 2025 By: Marleny Arnoldi

Investment firm Mineworkers Investment Company (MIC) has announced that Mary Bomela has stepped down as CEO at the end of February following 15 years of involvement with the organisation. The... 


An image of graphite
AFC signals interest in funding Blencowe’s Orom-Cross project
3rd March 2025 By: Tasneem Bulbulia

London-listed Blencowe Resources has received a formal expression of interest (EoI) from multilateral finance institution the African Finance Corporation (AFC) regarding potential participation in... 


An image of Bidvest CE Mpumi Madisa
Majority of Bidvest businesses deliver interim growth, despite headwinds
3rd March 2025 By: Tasneem Bulbulia

JSE-listed Bidvest Group says its achieved “decent” result for the six months ended December 31, with most of its businesses having generated consistent profits. Bidvest is a business to business... 


iron ore lump
Zanaga announces $21.5m equity fundraise to advance iron-ore project
3rd March 2025 By: Darren Parker

Aim-listed Zanaga Iron Ore Company has announced an equity fundraise for gross proceeds of $21.5-million, with the potential to upsize to $23-million, conducted by way of subscriptions to a group... 


PPC's De Hoek operation
PPC turnaround plan yields earnings improvements
3rd March 2025 By: Marleny Arnoldi

JSE-listed cement and construction materials company PPC says its turnaround plan continues to yield positive benefits as evidenced in the company’s performance for the ten months ended January 31.... 


Goat dairy products
Experts advocate for goat commercialisation as major economic growth driver
3rd March 2025 By: Marleny Arnoldi

With South Africa’s goat industry being largely based in the informal sector, stakeholders such as the Agricultural Research Council (ARC) are increasing efforts to commercialise the goat meat... 


Two Babcock branches attain Volvo Certified Rebuild certification
Two Babcock branches attain Volvo Certified Rebuild certification
28th February 2025

Following a rigorous vetting process, Babcock’s Bartlett (Gauteng) and Middelburg (Mpumalanga) branches have been officially accredited as Volvo Certified Rebuild Centres. The latest service... 


AfCFTA Secretariat secretary-general Wamkele Mene
If South Africa is expelled from Agoa, it should look to Chinese, African markets, Mene says
28th February 2025 By: Darren Parker

South Africa’s expected expulsion from the African Growth and Opportunity Act (Agoa) need not be a death sentence to the country’s export prospects, African Continental Free Trade Area (AfCFTA)... 


Scopa supports Eskom’s proposal to reduce municipal debt
28th February 2025 By: Schalk Burger

The Parliamentary Standing Committee on Public Accounts (Scopa) says it supports efforts by State-owned power utility Eskom and the national government to resolve the growing municipal debt that... 


Rumble moves Western Queen gold project towards development
28th February 2025 By: Creamer Media Reporter

ASX-listed Rumble Resources is making progress advancing its Western Queen gold project in Western Australia, entering into an indicative non-binding term sheet with Bain Global Resources (Bain)... 


World Bank senior MD Axel van Trotsenburg
New World Bank report proposes four priorities for accelerating South Africa’s growth
28th February 2025 By: Terence Creamer

A new World Bank report argues that South Africa can raise growth and employment by pursuing four priorities aimed primarily at stimulating market competition and bolstering the efficiency of... 


An image of the Tshipi manganese mine
Jupiter declares interim dividend, reports strong cash flows
28th February 2025 By: Tasneem Bulbulia

ASX-listed Jupiter Mines has declared a dividend of $0.75 c apiece for the six months ended December 31. Despite a volatile market environment in the first half of the 2025 financial year, the... 


PIC confirms it voted against proposed Barloworld takeover bid, citing governance concerns
28th February 2025 By: Schalk Burger

State-owned asset management firm the Public Investment Corporation (PIC), which is a 21.97% shareholder in industrial equipment and services company Barloworld, has confirmed that it voted against... 


Africa Risk Capacity CEO Lesley Ndlovu and IFC Africa VP Sérgio Pimenta
African Risk Capacity, IFC to boost agricultural insurance solutions in Africa
28th February 2025 By: Schalk Burger

African insurance services provider African Risk Capacity and development finance institution the International Finance Corporation (IFC) have signed a letter of engagement to strengthen... 


An image of Fortress' logistic property
Strategic shift underpins Fortress’ solid interim performance
28th February 2025 By: Tasneem Bulbulia

Real estate company Fortress Real Estate Investments achieved a solid performance for the six months ended December 31, with distributable earnings a share of 76.15c, a 29.8% increase on the... 


Marcia Mayaba
Used-car demand rising rapidly – TransUnion
28th February 2025 By: Irma Venter

The fourth quarter 2024 TransUnion South Africa Vehicle Pricing Index (VPI) report indicates a continued shift towards used vehicles in the South African automotive market, with financing for... 


ANC flag
ANC declares over R12m in donations in its quarterly party funding disclosure
28th February 2025 By: Thabi Shomolekae

For the second consecutive quarter, the African National Congress declared the most donations, more than R12-million, with the Independent Electoral Commission Political Funding’s Third Quarter... 


Alrosa reports full-year profit slump of 77.3%
Alrosa reports full-year profit slump of 77.3%
28th February 2025 By: Reuters

Russia's sanctions-hit diamond producer Alrosa on Friday reported a 77.3% fall in 2024 net profit year-on-year to 19.3-billion roubles ($219.32-million) on revenue of 239.1-billion roubles. Group... 


Thungela completes buyout of Ensham stake
28th February 2025 By: Creamer Media Reporter

All conditions precedent to Johannesburg- and London-listed Thungela Resources' buyout of the final 15% interest in the Ensham business, in Australia, for A$48-million, have been fulfilled.... 


AfDB, Pandemic Fund seek to leverage resources for pandemic preparedness
28th February 2025 By: Schalk Burger

Development finance institution (DFI) the African Development Bank (AfDB) Group has signed an agreement to become an implementing entity of the pandemic prevention and preparedness partnership... 


EIB commits $52m to AFC Infrastructure Climate Resilient Fund
28th February 2025 By: Schalk Burger

Multilateral development finance institution the European Investment Bank (EIB) will invest $52.48-million in multilateral financial institution the Africa Finance Corporation's (AFC's)... 


Merafe warns of lower HEPS amid drop in ferrochrome sales volumes, weaker prices
28th February 2025 By: Creamer Media Reporter

Chrome miner and ferrochrome producer Merafe Resources expects to report a 19% to 39% decrease in headline earnings per share (HEPS) to between 36.9c and 48.9c for the year ended December 31,... 


$13.8bn pledged to SA's energy transition
$13.8bn pledged to SA's energy transition
28th February 2025

In 2021, at COP26 in Glasgow, the International Partners Group (France, Germany, the UK, the US and the European Union, along with Denmark and the Netherlands) initially pledged $8.97-billion to... 


Delegate walking in front of G20 signage
G20 finance meeting ends without consensus or communique
28th February 2025 By: Reuters

South Africa voiced dismay on Thursday that Group of 20 talks it hosted on global economic issues ended without consensus, after top officials from several countries skipped it and delegates... 


US President Donald Trump is expected to sign a minerals agreement with Ukraine President Volodymyr Zelensky on Friday.
Trump's 'very big' minerals deal may pay off with US Republicans
28th February 2025 By: Reuters

A critical minerals deal Donald Trump has negotiated with Ukraine could ease tensions between Kyiv and the US President and at the same time win back support from his Republicans in Congress for a... 


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