African countries urged to use resources to unlock sustainable growth, diversify economies

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 

SAWEA, Germany's BWE partner to stimulate wind energy investment

Industry organisation the South African Wind Energy Association (SAWEA) and the German Wind Energy Association (Bundesverband Windenergie or BWE) signed a memorandum of understanding on June 6 with... 

Professionalisation, mentorship in focus to drive sustainable infrastructure development

Mentorship of new entrants and the professionalisation of practitioners will help people in the construction industry to excel and build roads, water infrastructure and houses that last, and build... 

ONE's newest vessel unloads, loads containers in Durban

Container and shipping company Ocean Network Express' (ONE's) newest vessel Recommendation exchanged 2 578 containers for import with 2 600 containers for export, including refrigerated citrus... 

Absa PMI dips to 43.8 in May amid uncertainty

The Absa Purchasing Managers’ Index (PMI) fell below 50 points to 43.8 points in May, from 54 points in April, despite the fact that there was no loadshedding that month. Absa states that the... 

Payments platform Revio rebrands to Precium

South African enterprise payments platform startup Revio has rebranded to Precium in a move made to signify its growth from a local processor to a global payments platform. Precium experienced... 

EOH appoints new interim CEO, nonexecutive directors after resignations

JSE-listed information technology services company EOH has appointed Marius de la Rey as interim CEO, Veronica Motloutsi as an independent nonexecutive director, and Dennis Venter and Rhys... 

Students should use AI to interrogate knowledge, not just answer questions, IT experts advise

AI-based systems can provide personalised learning experiences, as well as identify students' strengths and weaknesses and adjust teaching to better facilitate and accelerate learning, IT industry... 

UKZN using automated solution to monitor, support students' academic and holistic wellness

The University of KwaZulu-Natal (UKZN) has piloted an automated student academic and holistic wellness solution among 9 000 students in the College of Health Sciences and aims to roll the solution... 

Internal digital content serves as repository of truth for AI in companies – Hyland

The current focus for businesses is to automate the ingestion and use of content, and to use the advent of AI to analyse it and create business value, Hyland Europe, Middle East and Africa... 

Wheeling progressing in South Africa, the rest of Africa

The use of national electricity grids to wheel power from renewable-energy projects to demand centres is growing in Africa and helping to drive greater scale in the building of renewable-energy... 

Social elements of ESG in mining more complex, but an established part of mining's legacy

While there are increasingly complex regulatory requirements governing the social obligations of mines, regulations are only catching up to what some mining companies are doing to benefit mine... 

Transport sector aims to secure 200 km stretch of N3 to protect freight, logistics operators

Companies and industry bodies in the freight and transport logistics industries, and communities and organisations along the 200 km stretch of the N3 highway from Howick to Harrismith, are... 

Technology increasingly being used to improve control, accuracy in logistics value chains

The freight and transport logistics sectors are seeing ever greater use of technologies in warehouses, as well for stock-picking, consignment loading and delivery checks, among other applications,... 

South Africa must diversify into high-value exports, connect to region to boost growth

For South Africa to achieve economic growth that leads to improved wellbeing for its citizens, it needs to convert the primary commodities it produces into high-value exports and develop a stronger... 

Use resources to diversify African economies, unlock sustainable growth

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 

Clean energy critical minerals can transform sub-Saharan Africa, says IMF

Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the... 

Seifsa, unions commit to addressing access to housing for sector employees

The Metal and Engineering Industries Bargaining Council (MEIBC) negotiations have concluded with a 7% wage increase over the next year for entry-level workers in the metals and engineering industry... 

Tshwane Automotive SEZ celebrates training of first cohort of youth

The Tshwane Automotive Special Economic Zone (TASEZ) on May 14 celebrated the first cohort of 526 local youths trained in safety, health, environment and quality to participate in different parts... 

Calgro M3 issues maiden dividend, posts robust results

Residential-focused property developer Calgro M3 has issued a maiden dividend of 9.49c a share after posting a record gross profit margin of 27.25% for the financial year ended February 29, and... 

Poultry association calls for vaccination to prevent H7N6 avian influenza outbreak

The South African poultry industry is calling for immediate intervention to avert an outbreak of the H7N6 strain of highly pathogenic avian influenza (HPAI) that it is grappling with, following a... 

Traxtion refurbishes, adds 5 Transnet class 39 locomotives to fleet of 60 in eight African countries

Private rail operator and services company Traxtion has refurbished five class 39 locomotives it bought from State-owned Transnet at its workshop in Rosslyn, Gauteng. This is part of its fleet... 

Logistics, NEVs in focus for next phase of automotive industry growth

Efficient logistics to move vehicles and automotive components up and down the value chain and adapting the local industry to new energy vehicles (NEVs) is crucial to shape the trajectory of the... 

South Africa to host twelfth Africa Aerospace and Defence exhibition in Sept

The Africa Aerospace and Defence (AAD) trade exhibition and air show will be held from September 18 to 22 at Air Force Base Waterkloof, under the theme of ‘Exploring new paths, sharing solutions,... 

61% of organisations report cloud security incidents, up from 24% a year ago

Cybersecurity firm Check Point Software Technologies' ‘2024 Cloud Security Report’ shows a critical surge in cloud security incidents, with 61% of organisations reporting significant disruptions,... 

Despite challenges, Zim business environment offers investment opportunities

Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the... 

TNPA issues RfP for Cape Town port liquid bulk terminal

State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RfP) for the appointment of a terminal operator to acquire, operate, maintain, refurbish or build and... 

Unlocking social and environmental benefits through tailings retreatment

The retreatment, or remining, of mine tailings can provide usable land, provide profits for companies and clean the environment by moving the reprocessed tailings to more advanced and well-managed... 

Unlocking social and environmental benefits through tailings retreatment

The retreatment, or remining, of mine tailings can provide usable land, provide profits for companies and clean the environment by moving the reprocessed tailings to more advanced and well-managed... 

April transactions index increase welcome, but investors wait and see

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) increased by 0.6% month-on-month in April to reach an index level of 134.2, which is the highest level... 

Absa launches non-banking subsidiary in China

Financial services firm Absa has launched a non-banking subsidiary in China to fortify the economic links between Africa and the Asian country. The office will operate under a wholly foreign owned... 

Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination

Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa... 

Zimbabwe aims to use FDI to develop a competitive economy by 2030

Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments... 

New rail-focused logistics organisation launched

A new logistics industry body the Multimodal Inland Port Association (MIPA), formed by organisations in the transportation sector, has been launched to enhance logistics performance, reduce costs... 

Denel displays guided weapons, landward defence systems at Defence Service Asia

State-owned defence technology company Denel is displaying its guided weapons and landward defence systems at the Defence Service Asia (DSA) exhibition this week. Its Umkhonto surface-to-air... 

Ransomware payments increase 500% in past year, attack rate falls slightly

The average payment for ransomware attacks has increased by 500% in the past year to $2-million, up from $400 000 in 2023, cybersecurity firm Sophos reports in its 'State of Ransomware 2024'... 

Woolworths launches regenerative farming practices campaign

Retail company Woolworths has launched a Farming for the Future campaign, with the aim of encouraging farmers to implement regenerative farming practices. By partnering with farmers who adopt... 

Clean energy critical minerals can transform sub-Saharan Africa – IMF

Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the... 

Sacci, Sakeliga pay tribute to Dr Sam Motsuenyane

Business organisation the South African Chamber of Commerce and Industry (Sacci) has noted with sadness the passing of Dr Sam Motsuenyane, who “was a business leader par excellence”. "Motsuenyane... 

South African PGM miners overcoming challenges to build new mines

South African platinum group metal (PGM) miners are overcoming challenges and building new mines locally, albeit in phases, to derisk some of these promising tier-one projects. PGM mining industry...