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An image of first gold pour at the Lafique mine
Endeavour Mining delivers strong full year performance
6th March 2025 By: Tasneem Bulbulia

London-listed Endeavour Mining, which has a portfolio of gold mining assets in West Africa, reported strong results for the 2024 financial year, with record fourth-quarter free cash flow of... 


Lesaka Technologies finalises R507m acquisition of Recharger
6th March 2025 By: Schalk Burger

JSE- and Nasdaq-listed financial technology company Lesaka Technologies has completed the acquisition of South African prepaid electricity submetering and payment business Recharger for... 


An image of the Kiaka gold project
West Africa Resources’ reports strong financial performance
6th March 2025 By: Tasneem Bulbulia

Unhedged gold mining company West African Resources produced 206 622 oz of gold at an all-in sustaining cost (AISC) of $1 240/oz in 2024. The company’s Sanbrado gold mine and Toega gold deposit are... 


President Cyril Ramaphosa
Ramaphosa notes Gauteng’s pivotal role, as he undertakes service delivery oversight engagement
6th March 2025 By: Sashnee Moodley

Following oversight visits to Mpumalanga, KwaZulu-Natal and Limpopo, President Cyril Ramaphosa on Thursday met with the Johannesburg Metro Council, as part of the seventh administration’s priority... 


Rio Tinto finalises $6.7bn acquisition of Arcadium Lithium
Rio Tinto finalises $6.7bn acquisition of Arcadium Lithium
6th March 2025 By: Creamer Media Reporter

Diversified mining major Rio Tinto has officially completed its $6.7-billion acquisition of Arcadium Lithium. The deal, sanctioned by the Royal Court of Jersey on Wednesday, integrates Arcadium... 


Moma mine
Kenmare rejects buyout offer from Oryx, Michael Carvill
6th March 2025 By: Marleny Arnoldi

London-listed titanium minerals miner Kenmare Resources has informed shareholders that it has received a nonbinding proposal from Oryx Global Partners and Kenmare founding MD Michael Carvill,... 


A conveyor transporting phosphate
Tunisia aims to raise phosphate output to 14m metric tons in 2030
6th March 2025 By: Reuters

Tunisia aims to raise phosphate production about five-fold to 14-million metric tons in 2030, the government said on Wednesday, part of a plan which seeks to restore the vital sector to help... 


Merle Denson, Manager of the BCCEI’s Dispute Resolution Centre.
The vital role of BCCEI in ensuring fairness through dispute resolution in civil engineering
6th March 2025

The civil engineering industry, known for its complex projects and large-scale operations, demands precision, cooperation and clear communication. Given the high stakes, it’s inevitable that... 


Gauteng’s role in battery metals & green energy minerals
Gauteng’s role in battery metals & green energy minerals
6th March 2025

The global transition to green energy is fundamentally reshaping the mining and metals sector. As economies strive to reduce carbon emissions and embrace renewable energy, demand for critical... 


MinRes' credit rating downgraded by Fitch
5th March 2025 By: Creamer Media Reporter

ASX-listed Mineral Resources (MinRes) has had its credit rating downgraded by Fitch Ratings to BB- from BB, with a negative outlook, the company announced on Wednesday. The downgrade aligns Fitch’s... 


EAAIF contributes $45m to CrossBoundary Energy’s renewables expansion
5th March 2025 By: Schalk Burger

Blended infrastructure finance fund the Emerging Africa & Asia Infrastructure Fund (EAAIF) has announced a $45-million funding contribution to commercial and industrial renewable energy company... 


Image of WBHO CEO Wolfgang Neff
Cape Town hot spot for building opportunities, Gauteng market softening – WBHO
5th March 2025 By: Irma Venter

The building and civil engineering market in Gauteng continues to soften, but Cape Town is still offering “huge opportunities”, says WBHO CEO Wolfgang Neff. Announcing the construction giant’s... 


CESA CEO Chris Campbell
Industry stalwart Campbell calls for urgent action to address SA’s infrastructure challenges
5th March 2025 By: Marleny Arnoldi

While government has made progress in improving policies affecting the built environment, such as the Public Procurement Act, Consulting Engineers South Africa (CESA) CEO Chris Campbell warns that... 


Agriculture Minister John Steenhuisen
Steenhuisen warns of massive knock to citrus, other commodities if Agoa expires
5th March 2025 By: Marleny Arnoldi

Agriculture Minister John Steenhuisen stresses that South Africa’s citrus industry stands to lose a lot if the US decides not to extend the country’s benefits under the African Growth and... 


Barberton Mines
PIC raises its stake in Pan African Resources to more than 12%
5th March 2025 By: Darren Parker

The Public Investment Corporation (PIC) has increased its shareholding in JSE- and Aim-listed Pan African Resources from 9.98% to 12.39% as at March 4. The PIC now owns about 251.49-million shares... 


R40bn Eastern Cape green energy cluster expected to reach financial close in 2027
R40bn Eastern Cape green energy cluster expected to reach financial close in 2027
5th March 2025 By: Terence Creamer

Emerging electricity retail brand Earth & Wire is aiming to achieve financial close on a R40-billion renewables and storage cluster in the Eastern Cape by the third quarter of 2027 and begin... 


12th Transport Evolution Africa, co-located with Big 5 Construct South Africa, to shape transport industry as demand rises for infrastructure development
5th March 2025

Africa’s transport industry is a critical enabler of trade, economic growth, and regional integration, comprising road, rail, maritime and air transport that support domestic and international... 


Smart Tech: A Solution to SA’s Worsening Water Crisis
Smart Tech: A Solution to SA’s Worsening Water Crisis
5th March 2025

South Africa's water crisis is intensifying as failing infrastructure, droughts, and shrinking reservoir levels strain municipalities. Gauteng is already facing level one restrictions, while... 


Eskom reports successes in collaboration with law enforcement
5th March 2025 By: Schalk Burger

State-owned power utility Eskom's collaboration with the National Joint Operational and Intelligence Structure (Natjoints) Energy Safety and Security Priority Committee has resulted in a series of... 


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... 


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Magazine round up | 28 March 2025
Magazine round up | 28 March 2025
28th March 2025

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