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Image of Kia South Africa CEO Paul Turnbull
Kia South Africa’s new CEO seeks to push market share beyond 5% by 2026
1st July 2024 By: Irma Venter

Kia South Africa has appointed Paul Turnbull as its new CEO. Turnbull joins the Korean brand from sibling Hyundai Automotive South Africa. He succeeds Gary Scott, who takes up the position of chief... 


Image of Transport Minister Barbara Creecy
Steady hand needed as seventh Transport Minister appointed in 15 years – AA, Outa
1st July 2024 By: Irma Venter

Newly appointed Transport Minister Barbara Creecy is the eleventh minister in this portfolio since 1994, which is a cause for concern as continuity within government departments is vital, says the... 


Image of Communications and Digital Technologies Minister Solly Malatsi
South Africa gets new Communications Minister
1st July 2024 By: Natasha Odendaal

President Cyril Ramaphosa has appointed the Democratic Alliance’s Solly Malatsi as Communications and Digital Technologies Minister as the Government of National Unity’s Cabinet is formed. He... 


President Cyril Ramaphosa
Business welcomes finalisation of Cabinet, highlights focus areas for economic growth
1st July 2024 By: Tasneem Bulbulia

Business organisations have responded to President Cyril Ramaphosa’s announcement of a final agreement for a Government of National Unity (GNU) and the new Cabinet, with consensus that an... 


Progress made in reducing water lettuce invasion in Vaal
1st July 2024 By: Natasha Odendaal

The volume of the water lettuce and water hyacinth across the Vaal River Barrage Reservoir has reduced markedly over the past few months as removal efforts continue. According to a Rand Water... 


President Cyril Ramaphosa
South Africa opposition makes debut in Ramaphosa’s unity Cabinet
30th June 2024 By: Bloomberg

South African President Cyril Ramaphosa announced his new Cabinet, allocating ministerial posts to opposition politicians while retaining close ally Enoch Godongwana as finance minister. The... 


An Eskom coal-fired power station
Eskom to hit CO2 targets despite coal plant extension, CEO says
28th June 2024 By: Reuters

South Africa's state power company Eskom will meet its target to reduce carbon emissions by 71-million metric tons a year by the end of the decade, its new CEO said on Friday, despite scrapping... 


Aluminium cans
Nampak sees turnaround in first-half performance
28th June 2024 By: Schalk Burger

JSE-listed packaging producer Nampak has achieved headline earnings of R267-million for its total operations for the six months ended March 31, compared with a headline loss of R342-million for the... 


Hudaco CEO Graham Dunford
Hudaco’s interim performance hampered by suspended loadshedding
28th June 2024 By: Darren Parker

Diversified consumer and engineering products group Hudaco has faced a challenging start to the 2024 financial year, with the reduction in loadshedding negatively impacting on some of its... 


Nersa approves tariff increases for new financial year, City Power unpacks higher charges
28th June 2024 By: Marleny Arnoldi

The National Energy Regulator of South Africa (Nersa) has approved the tariff applications of 178 licenced electricity distributors, including municipal and private distributors, for the 2024/25... 


Marriott Hotel, in Melrose Arch
SolarSaver showcases innovations of its latest solar installation in Melrose Arch precinct
28th June 2024 By: Marleny Arnoldi

Energy company SolarSaver has successfully completed a solar installation at the Marriott Hotel Melrose Arch and the African Pride Hotel, both of which are based in the Melrose Arch precinct in... 


Image of PRASA CEO Hishaam Emeran
PRASA passenger numbers reach 40-million a year, up 167% – Emeran
28th June 2024 By: Irma Venter

The Passenger Rail Agency of South Africa (PRASA) is “making steady and significant progress in getting passenger trains back on track”, with the urban rail service carrying about 40-million... 


Minerals Council CEO Mzila Mthenjane (left) and VP Paul Dunne.
South Africa will be well represented at Shanghai Platinum Week, Minerals Council assures
28th June 2024 By: Martin Creamer

South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has highlighted. This major event... 


Businessmen shaking hands
Dealmakers optimistic on global M&A prospects despite sluggish growth
28th June 2024 By: Reuters

Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.... 


Photo of Terence Creamer
The future of Operation Vulindlela
28th June 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the issues tackled during Phase 1 of Operation Vulindlela and the successes achieved thus far; the likelihood of Operation Vulindlela continuing as... 


Image of The Spar Group national logistics executive Solly Engelbrecht
The Spar Group targets water-saving measures
28th June 2024 By: Natasha Odendaal

The Spar Group has been steadily implementing proactive water-saving measures within its logistics operations amid the increasing threat of water insecurity across South Africa. Potential water... 


Magazine round up | 28 June 2024
Magazine round up | 28 June 2024
28th June 2024 By: Creamer Media Reporter

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Magazine cover image
Despite big obstacles, AfCFTA viewed as key to weaving new trade and industrial tapestry
28th June 2024 By: Martin Zhuwakinyu

In the grand tapestry of international commerce, Africa’s 55 nations have stood as individual threads rather than a unified fabric of economic opportunity. But a new era of collaboration being... 


Absa doubles MIGA agreements to $1bn capital guarantee
27th June 2024 By: Schalk Burger

Financial services firm Absa has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, freeing up additional financial... 


Man receives five-year prison sentence for tampering with Eskom infrastructure
27th June 2024 By: Schalk Burger

The Mthatha Specialised Commercial Crime Court has sentenced a man to five years in prison, wholly suspended for five years, for falsely representing himself as an Eskom contractor to the residents... 


GBCSA head of technical Georgina Smit.
Index continues to show value of green buildings in South Africa
27th June 2024 By: Schalk Burger

Investment services and advisory company MSCI’s South Africa Green Annual Property Index for 2023 shows that green-certified prime and A-grade offices produced a total return of 5.8%, which was 150... 


Image of DTSA VP Olaf Petersen
Daimler Truck Southern Africa appoints new sales and marketing VP
27th June 2024 By: Irma Venter

Olaf Petersen has joined Daimler Truck Southern Africa (DTSA) as its new sales and marketing VP, effective July 1. Petersen will be responsible for the new-vehicle sales portfolio for Mercedes-Benz... 


Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.
Mining needs one-stop regulatory environment to boost growth – Minerals Council
27th June 2024 By: Martin Creamer

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is... 


Tribunal approves Bidshelf 93’s acquisition of Dekra Automotive
27th June 2024 By: Schalk Burger

The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra... 


Tribunal approves Prax’s Natref stake buyout, with conditions
27th June 2024 By: Schalk Burger

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of... 


A tanker at sea near Mossel Bay
TNPA issues RfI for Port of Mossel Bay marine loading facilities operator
27th June 2024 By: Schalk Burger

The Transnet National Ports Authority (TNPA) has published a request for information (RfI) calling on interested terminal operators to submit proposals for the refurbishment, financing, operation,... 


Potatoes in soil
South African food inflation remained below CPI headline inflation in May
27th June 2024 By: Rebecca Campbell

In May, for the third month in a row, South African food and non-alcoholic beverage (NAB) inflation, hereafter to be referred to simply as food inflation, ran at a level below that of consumer... 


DSCT's facilities in Cape Town
Damen renews NIP agreement with dtic; celebrates more than 40 vessels built at Cape Town shipyard
27th June 2024 By: Irma Venter

Damen Shipyards Group (DSG) has signed a new strategic partnership agreement with the Department of Trade, Industry and Competition (dtic) as part of the National Industrial Participation (NIP)... 


Finance Minister Enoch Godongwana
South Africa achieves first primary budget surplus in 15 years
27th June 2024 By: Bloomberg

South Africa achieved its first primary budget surplus in 15 years as it took a stern approach to funding State-owned companies that have drained government finances. Africa’s most-industrialised... 


Starsight Energy group CEO Paul van Zijl; Proconics CEO Melvin Jones; Eskom senior adviser IPPs Motlatsi Makhari; SolarAfrica Energy CEO David McDonald; Emthanjeni local municipality Mayor Lulamile Nkumbi; and Eskom senior adviser IPPs Moreetsi Balepile
First phase of 1 GW SunCentral solar farm breaks ground
27th June 2024 By: Darren Parker

Independent power producer SolarAfrica Energy has officially broken ground on its first utility-scale solar farm in the Northern Cape. Known as SunCentral, Phase 1 of this project will total about... 


South African Reserve Bank
South Africa's FDI inflows pick up in first quarter - central bank
27th June 2024 By: Reuters

South Africa recorded foreign direct investment inflows of R24.4-billion in the first quarter of 2024, up from a revised R2.5-billion in the previous quarter, central bank data showed on Thursday.... 


Petrol
S Africa consumer confidence recovers in Q2, survey shows
27th June 2024 By: Reuters

South Africa's consumer confidence improved slightly in the second quarter due to fewer hours of loadshedding and a drop in fuel and food prices, but uncertainty around national elections kept some... 


Namibia to build second desalination plant in January
27th June 2024 By: Reuters

Drought-prone Namibia, currently facing its worst drought in over a century, will start constructing its long-awaited second desalination plant in January 2025, the minister of agriculture said on... 


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