Tourism Transformation Fund has approved R272m of financing assistance

The Tourism Transformation Fund (TTF) has approved transactions to the value of R272-million since its inception in 2017. The TTF was launched as a collaborative effort between the Department of... 

Emmerson pleased with innovative processing method to be used at Morocco project

Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study... 

Sappi signs solar PPA deal for local operations

JSE-listed paper and packaging manufacturer Sappi has posted a 10% year-on-year increase in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to $183-million for the... 

Equites wheeling power to HQ in Cape Town

Property developer Equites Property Fund has officially started wheeling renewable energy onto Cape Town’s grid from solar panels atop its newly built distribution centre in Parow. The company is... 

Lexington confirms gold mineralisation extends beyond historical drill sites at Bothaville

Aim-listed Lexington Gold has completed 2 355 m of drilling at the Bothaville project, in South Africa’s Free State province, which proves the concept of A-Reef channels occurring on the site.... 

Bidcorp turns record revenue in first ten months of its 2024 financial year

JSE-listed foodservice group Bidcorp Group has recorded record group revenues in the ten months ended April 30 across all the regions in which it operates. The group has foodservice businesses in... 

Schneider launches local EV charging solution

Energy management and automation company Schneider Electric has launched a local electric vehicle (EV) charging solution, to cater for African countries’ transition away from fossil fuel-powered... 

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared... 

Junior coal miners bemoan logistics as single-biggest challenge to their survival

Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo... 

Expert suggests new ways junior miners can classify resources

A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource... 

Daimler Truck Southern Africa launches electric heavy-duty truck range

Original-equipment manufacturer (OEM) Daimler Truck Southern Africa (DTSA) has launched a line of electric heavy-duty trucks, called eActros, as part of its Power Up electric mobility offering.... 

NOA Group acquires early-stage Khauta solar farm in the Free State

Local integrated energy company NOA Group has successfully acquired the 350 MW Khauta solar PV facility, near Welkom, in the Free State, from PNE, which started the development of the facility. The... 

GVK completes 20-storey student housing block in Cape Town

Privately owned construction company GVK-Siya Zama has completed construction of a 20-storey, 3 000-bed student accommodation block in Cape Town. The 77 000 m2 development also includes 6 700 m2 of... 

BCIMA urges construction industry to increase safety measures in wake of George tragedy

The Building and Construction Industry Medical Aid Fund (BCIMA) has called for a review of the safety practices on construction sites and the prioritisation of the health of construction workers... 

Wine grape supply balances with demand in 2024 harvest season

The 2024 wine grape harvest has yielded 1.09-million tonnes from 87 848 ha, which is 7% lower than the prior harvest season, industry body Vinpro reports. Vinpro consultation services manager Dr... 

Astral poultry division makes notable financial recovery in H1

JSE-listed integrated poultry producer Astral Foods has reported improved results for the six months ended March 31, on the back of its “reset, refocus and restart campaign” which was launched in... 

TPT starts financial year off with increases in bulk, container volumes

State-owned ports manager Transnet Port Terminals (TPT) has recorded a 10% year-on-year increase in container volumes moved across all 19 of its terminals in the first six weeks of the 2024/25... 

Get Steel invites comment on proposed foundry project in Benoni

Local steel processing company Get Steel has invited interested and affected parties to submit comments on a draft scoping report into the refurbishment of the Naledi Foundry, in Benoni, Gauteng.... 

Glencore expands adherence to standards, reporting frameworks to ensure sustainability

Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving... 

Jupiter plans to replicate sustainability approach of Tshipi at other manganese mines

ASX-listed Jupiter Mines continues to advance environment, social and governance (ESG) initiatives at its 49.9%-owned Tshipi manganese mine, in South Africa, alongside its partner Ntsimbintle... 

Harena secures US offtaker for rare earth products from incoming Madagascar project

Australian natural resources company Harena Resources has signed a nonbinding indicative offtake term sheet with US-based United Rare Earths for the sale and purchase of mixed rare earth carbonate... 

Fraser Institute survey shows marked declines in African countries’ investment attractiveness

The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Niger, Mozambique, Zimbabwe and Senegal, have ranked among the lowest for investment... 

Mashatile says Jagersfontein house rebuilding project is advancing

Deputy President Paul Mashatile has assured the National Council of Provinces that the Jagersfontein house rebuilding project is well under way. This project follows the collapse of a tailings dam... 

Persistent corruption concerns reflect letdowns during sixth administration – Corruption Watch

Nonprofit monitoring organisation Corruption Watch (CW) has confirmed in its latest report that there are significant concerns about the impact of corruption in the country, particularly a marked... 

Itac makes strides in investigation of active yeast dumping from Zim

The International Trade Administration Commission (Itac) has asked the South African Reserve Bank to impose provisional duties on imports of active yeast originating in or imported from Zimbabwe... 

Tribunal conditionally approves Sea Harvest’s acquisition of Terrasan businesses

The Competition Tribunal has conditionally approved the proposed merger whereby subsidiaries of JSE-listed seafood and aquaculture company Sea Harvest intend to acquire certain subsidiaries of... 

Atlantic appoints versed Ghanaian lawyer, corporate banker to its board

Aim-, ASX- and Ghana Stock Exchange-listed Atlantic Lithium has appointed Edward Koranteng as nonexecutive director to the board effective immediately. As a lawyer and experienced corporate... 

Organisations call ‘rushed’ NHI Bill an electioneering ploy

Business Leadership South Africa (BLSA) has again expressed concern about the National Health Insurance (NHI) Bill on the eve of its planned promulgation by President Cyril Ramaphosa’s. Signing the... 

Unemployment rate worsens to 32.9%

South Africa’s official unemployment rate has widened by 0.8 of a percentage point to 32.9% in the first quarter of the year, compared with 32.1% in the fourth quarter of last year. The number of... 

VR8 mulls most favourable terms after signing third offtake MoU

Australia-headquartered Vanadium Resources (VR8) has signed a memorandum of understanding with China-based Hunan Zhongxin New Materials Technology for the offtake of 4 000 t/y of vanadium oxide,... 

Kefi nears construction start at Tulu Kapi

London-listed Kefi Gold and Copper says the remaining finance syndicate approval process in respect of the Tulu Kapi project, in Ethiopia, is on track for final approvals this month. The company... 

Caledonia starts year with higher output, profit

Gold miner Caledonia Mining says its production and profit was supported by a favourable gold price in the first quarter of the year, which has continued through April and into May. The company’s... 

AngloGold starts year with 2% higher output despite flooding in Australia

Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite the impact of heavy rain and flooding on output in... 

Tirupati grows production, sales but warns of working capital limitations

London-listed Tirupati Graphite has successfully grown its commercial production by 49% year-on-year and its sales revenue by 70% year-on-year for the financial year ended March 31, despite working... 

DRDGOLD posts lower third-quarter output, but higher earnings

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same... 

Pilot Crushtec introduces Swedish brand of large-scale crushers in Southern Africa

Local mobile and semi-mobile crushing and screening equipment provider Pilot Crushtec has expanded its product lineup to the Southern African mining market with the addition of Swedish brand... 

Latest El Niño among harshest in history – CSIR

A research team tasked to monitor the impact of the El Niño Southern Oscillation (ENSO) climatic phenomenon has confirmed that the 2023/24 El Niño was among the top five strongest on record. El... 

Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit

Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit... 

Umoyilanga Avondale solar farm in Upington takes delivery of first modules

Global smart PV and energy storage solutions provider Trina Solar has started delivering modules to the 115 MW Umoyilanga Avondale solar project, in Upington, under a strategic partnership with two... 

Lotus confirms significant uranium potential in updated Letlhakane MRE

ASX-listed Lotus Resources has published a revised mineral resource estimate (MRE) of 155.3-million tonnes, grading 345 parts per million (ppm) triuranium octoxide (U3O8), for the Letlhakane...