$150m loan from OPEC Fund to support critical structural reforms – Treasury

Intergovernmental development finance institution, the Opec Fund for International Development has provided a $150-million development policy loan to South Africa, which is aimed at supporting... 

Alvarez & Marsal opens first African office in Cape Town

Global professional services firm Alvarez & Marsal (A&M) has launched its first African office in Cape Town to meet rising demand for support to address complex operational and financial... 

Kwikot expands into HVAC systems manufacturing

Water heating systems manufacturer Kwikot will expand its products range into heating, ventilation and air conditioning (HVAC), as it moves to become a smart energy systems provider. Heating,... 

Nersa approves free basic electricity rate for 2026/27

The National Energy Regulator of South Africa (Nersa) has approved the national Free Basic Electricity (FBE) rate of R2.38/kWh for the 2026/27 municipal financial year, effective from July 1, this... 

Nedbank arranges $700m for Phase 2 of Ivanhoe’s Platreef mine

Financial services firm Nedbank Corporate and Investment Banking (Nedbank CIB) has provided $700-million debt financing for Phase 2 of TSX-listed diversified mining company Ivanhoe Mines' Platreef... 

Geopolitics, energy prices, climate risks reshaping agriculture outlook – Coface

A convergence of geopolitical tensions, higher energy prices and climate risks is reshaping the outlook for agricultural producers, exporters and agribusinesses, thereby creating conditions that... 

Redefine lifts full-year guidance after increasing first-half distributable income by 7.4%

JSE-listed real estate investment trust Redefine Properties reported a 7.4% year-on-year increase in distributable income for the six months ended February 28. This prompted it to increase the... 

Rail safety awards to take place in Oct as part of transport month – RSR

The Railway Safety Regulator (RSR) has announced that the Rail Industry Awards 2026 will take place on October 28 as part of South Africa’s Transport Month programme. Nominations for the awards... 

GoSolr wins award for its brand effectiveness

Solar company GoSolr has been awarded top prizes for the effectiveness of its brand from UK organisation the Design Business Association (DBA). The company won the gold and overall Grand Prix... 

Joburg reviewing transport best practices, current system to design integrated system

The City of Johannesburg's (CoJ's) Johannesburg Development Agency (JDA) is starting with the next phase of the Joburg Comprehensive Integrated Transport Plan (CITP) that will help define what a... 

Lack of transparency on nontariff barriers adding to export costs – Unctad

While tariffs rose sharply in 2025, the biggest costs are from non-tariff measures such as technical regulations, health and safety requirements and certification procedures. These measures... 

Perseus Mining appoints Wade Bickley as incoming COO

ASX- and TSX-listed gold mining company Perseus Mining has appointed Wade Bickley as COO with effect from June 1. Bickley, who will be based out of Perseus’s Dubai office, has more than 25 years of... 

Local govt White Paper aims to create new social contract in municipalities – Hlabisa

Municipalities and the services they provide are foundational for the functioning of society and businesses, and creating effective, efficient and sustainable municipalities is a focus that has... 

Tribunal approves Cape Forests acquisition of merged MTO Forestry, PG Bison Southern Cape

The Competition Tribunal has approved a merger that will see new forestry company Cape Forests Products acquire sole control of the merged entity of softwood forestry company MTO Forestry and... 

Kariba Dam rehabilitation 94% complete, on track for year-end conclusion

Zambia and Zimbabwe bilateral organisation the Zambezi River Authority says the Kariba Dam Rehabilitation Project (KDRP) is about 94% complete and remains on course for completion by the end of the... 

Datatec expects to report higher full-year EPS, HEPS

JSE-listed information and communications technology company Datatec expects to report headline earnings per share (HEPS) of between $0.38 and $0.40 for the financial year ended February 28. That... 

Lower prices, stronger rand contribute to a widened second-quarter loss for Sappi

JSE-listed woodfibre-based products company Sappi posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $52-million for the quarter ended March 31 – the second quarter... 

Solar and wind solutions paired with battery storage cost-competitive – Irena

Solar and wind energy paired with battery storage are reliable and deliver cost-effective, round-the-clock electricity, says intergovernmental agency the International Renewable Energy Agency... 

Global body partners with four African green building councils on the creation of climate action roadmaps

Global organisation the World Green Building Council (WorldGBC) will support Ethiopia, Kenya, Nigeria and South Africa to develop or advance national climate action roadmaps for their building... 

Eskom reports progress in dialogue with some municipalities struggling to settle debt

State-owned power utility Eskom says notable progress has been achieved as a result of the ongoing dialogue since March with 14 municipalities that have not settled their accounts for bulk... 

UCT researchers release South African languages AI model

Researchers at the University of Cape Town (UCT) have developed a curated multilingual dataset, MzansiText, covering the 11 official written languages, as well as a language model, called MzansiLM,... 

Itac recommends increase in customs duties for some polymer-based pipes, hoses

The International Trade Administration Commission of South Africa (Itac) has recommended an increase in the customs duty on specific polymer-based pipes and hoses. Customs duty on seamless,... 

SAPVIA urges strategic approach to localisation from solar boom

There are gaps in South Africa's ability to effectively localise manufacturing and fully capture the economic benefits of the energy transition that is being driven by rapid solar PV expansion,... 

Discovery Green inks 10yr PPA to supply Afrox’s Kuilsrivier ASU with renewable energy

Industrial gases and welding products company Afrox has signed a ten-year power purchase agreement (PPA) with renewable energy trading company Discovery Green to supply renewable energy to Afrox's... 

Sustained Middle East conflict could push global insolvencies up by 10% this year

Global business insolvencies are set to rise by 6% this year, on the back of a 6% rise in 2025, which would result in the fifth consecutive year of growing insolvencies, before plateauing at a high... 

AI biggest driver of change in cybersecurity, boosting response and resilience – WEF

Organisations deploying AI strategically are achieving significant advantages, and 77% of organisations already use AI in their cyber operations, global organisation the World Economic Forum’s... 

UJ brings ancient structures at heritage site to life through augmented reality reconstruction

The University of Johannesburg (UJ) has launched an augmented reality platform for visitors to the Melville Koppies Nature Reserve and heritage site to use their smartphones to view digital... 

Two miners die in incident at Sibanye-Stillwater’s Kloof 8 shaft

JSE- and NYSE-listed metals mining company has announced that two employees have died in an incident at its Kloof 8 shaft on May 3. During preparations for a routine, scheduled shaft inspection, an... 

Nampak appoints Thiruvashani Naicker as CFO

JSE-listed packaging producer Nampak has appointed Thiruvashani Naicker as CFO and executive director, with effect from August 1. Her appointment follows the resignation of Glenn Fullerton, with... 

Estimates for late mandarin exports are stable – CGA

Industry organisation the Citrus Growers’ Association of Southern Africa (CGA) says its late mandarin export estimate for the 2026 season confirms that there is stability in production, although... 

Metair refinances remaining South African subsidiaries' debt package

JSE-listed automotive components manufacturer Metair has refinanced the R3.3-billion debt package of its remaining South African subsidiaries to extend the term of the debt package to five years.... 

Municipal engineers raise red flags over local govt White Paper overhaul

Industry organisation the Institute of Municipal Engineering of Southern Africa (Imesa) says the draft White Paper on Local Government has critical gaps, despite the latest rounds of consultation... 

Utilities, fuel prices impact more on households than food inflation – BFAP

State-owned Eskom’s 8.76% hike in electricity tariffs for the 2026/27 financial year, combined with higher fuel prices, are compromising the food security of South African households by eroding... 

Amazon, WomHub launch sustainable women-led incubator programme

Online retailer and cloud computing provider Amazon and enterprise advisory firm WomHub have launched the Amazon Sustainable Sellers Incubator – a nine-month programme designed to empower 35 South... 

Wine industry welcomes zero-tariff access to China market

South African wine industry organisations South Africa Wine and Wines of South Africa (WoSA) have welcomed the zero-tariff regime on South African wine exports to China, which is expected to come... 

AgriSA, Agbiz welcome fuel relief extension, but warn that risks remain

Agricultural organisations AgriSA and the Agricultural Business Chamber of South Africa (Agbiz) have welcomed the extension of the temporary fuel levy relief measures through May and June, saying... 

Tribunal approves Fairfield Dairy’s acquisition of Ladismith Cheese

The Competition Tribunal has approved, with conditions, the merger in which Fairfield Dairy will acquire the entire issued share capital of Ladismith Cheese, after which it will be solely... 

Combination of data, people and ecosystems to provide competitive advantages – WEF

The next wave of competitive advantage will come not from individual breakthrough technologies, but from the ability to combine and scale multiple technologies across entire operating systems, says... 

KfW Development Bank becomes institutional shareholder in ATIDI

The German development bank KfW has become the latest shareholder in development insurer the African Trade and Investment Development Insurance (ATIDI), thereby further strengthening its capital... 

Gaia concludes refinancing of empowerment agreements for the De Aar 1 and 2 wind farms

Cape Town Stock Exchange-listed renewable energy investment fund Gaia Renewables 1 has concluded agreements to refinance empowerment stakes in the 100.5 MW De Aar 1 and 144 MW De Aar 2 wind farms,...