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Sales drop 14% in June as new vehicles become increasingly unaffordable
Sales drop 14% in June as new vehicles become increasingly unaffordable
2nd July 2024 By: Irma Venter

New-vehicle sales in South Africa dropped by 14%, to 40 072 units, compared with the same month last year. The new-passenger-car market reached 26 928 units last month – a decline of 9% over June... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA to continue operating longs business, but instability at flats unit hits earnings
2nd July 2024 By: Terence Creamer

Despite a negative trading update, steel producer ArcelorMittal South Africa (AMSA) has announced that it will continue to operate its longs business, the closure of which was deferred earlier this... 


US judge halts Biden administration's pause on LNG permits
2nd July 2024 By: Reuters

A federal judge on Monday dealt President Joe Biden's climate agenda a setback by blocking the Democrat's administration from continuing to pause the approval of applications to export liquefied... 


Absa PMI rises, but remains below 50-point mark amid persisting challenges
1st July 2024 By: Schalk Burger

The Absa Purchasing Managers’ Index (PMI) increased by 1.9 points to 45.7 points in June, from 43.8 in May, but remained below the 50-point mark. Following a strong start to the second quarter,... 


Porto do Caio Stage 1 quay that is scheduled for completion in December 2025.
Minbos' Angola mine may supply phosphate rock to Foskor
1st July 2024 By: Mariaan Webb

Junior mining company Minbos has announced a nonbinding memorandum of understanding (MoU) with South Africa-based Foskor for a potential supply agreement from its Angola mine. Foskor currently... 


transmission towers
NTCSA starts trading
1st July 2024 By: Darren Parker

The National Transmission Company South Africa (NTCSA) has officially begun trading, establishing the NTCSA as a duly constituted separate, distinct and wholly owned subsidiary of State-owned... 


Argentina is about to unleash a wave of lithium in a global glut
Argentina is about to unleash a wave of lithium in a global glut
1st July 2024 By: Bloomberg

For all the money that’s poured into Argentina’s giant lithium deposits, the country has seen just one new mine come on stream in almost a decade. That’s about to change. Four new projects will... 


China issues rare earth regulations to further protect domestic supply
1st July 2024 By: Reuters

China has unveiled a list of rare earth regulations aimed at protecting supplies in the name of national security, laying out rules on the mining, smelting and trade in the critical materials used... 


Caribou crossing the Kobur river
Biden Administration shuts down plans for road key to unlocking Ambler mining district
1st July 2024 By: Mariaan Webb

The Biden Administration has officially halted plans for the Ambler Road in Alaska, dealing a blow to potential mining development in the region. The Ambler Road project, which aimed to construct... 


Image of Booyco Engineering custom designs HVAC solutions for the defence sector
South African HVAC system for armoured vehicle
28th June 2024

South Africa-based Booyco Engineering has upgraded the heating, ventilation and air conditioning (HVAC) system for a latest-generation armoured personnel carrier. Booyco Engineering executive... 


Manganese ore on conveyor
Marula starts shipping manganese from Larisoro mine to Mombasa port
28th June 2024 By: Marleny Arnoldi

London- and South Africa-listed battery metals miner Marula Mining has successfully started manganese ore shipping from the Larisoro manganese mine, in Kenya. Marula is transporting about 1 000 t... 


An image of the 2023 African Energy Week central stage
Event to highlight key African projects
28th June 2024

The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion... 


An image of blue PVC pipes
Growth on horizon for pipe manufacturers
28th June 2024 By: Trent Roebeck

Despite post-election economy concerns and the lack of funding plaguing the plastic pipe industry, South African Plastic Pipe Manufacturing Association (SAPPMA) CEO Jan Venter believes that the... 


An illustration of the Cleanergy Pilot Plant near Walvis Bay, Namibia
Government interventions key for hydrogen development
28th June 2024

Green hydrogen is hailed as critical for a low-carbon energy future, with Africa well-positioned to be a key player in this sector. However, realising the continent’s potential requires African... 


Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
28th June 2024 By: Irma Venter

Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the... 


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... 


Jackwell Feris
Implementation of South Africa’s clean hydrogen ambition
28th June 2024

In the throes of a global energy transformation, South Africa emerges as a prominent player, leveraging its abundant renewable resources, particularly solar and wind power, to unlock the potential... 


Image of copper ore
Okiep copper project, South Africa – update
28th June 2024 By: Sheila Barradas

Orion Minerals has reported further “outstanding” assay results from the confirmation diamond-drilling programme in the Flat Mines area at the project. 


Image of Prieska shaft
Prieska copper/zinc project, South Africa – update
28th June 2024 By: Sheila Barradas

The project is fully permitted. 


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... 


Africa – the delicate balancing act
Africa – the delicate balancing act
27th June 2024

By Devan Pillay, Cluster President: Anglophone Africa at Schneider Electric Africa continues its quest to achieve equilibrium and growth in a disjointed world.  Indeed, it’s an honourable one which... 


Meteoric to supply Brazil rare earths magnet factory
26th June 2024 By: Reuters

Rare earth developer Meteoric Resources will collaborate with a regional department of Brazil's Minas Gerais state to explore the production of rare earth magnets, the Australian company said on... 


Half of China’s NEV brands likely to fail; exports set for steep growth
Half of China’s NEV brands likely to fail; exports set for steep growth
26th June 2024 By: Irma Venter

More than 130 brands are currently competing in China’s new-energy vehicle (NEV) market, says GlobalData Automotive Division China operations manager John Zeng. Three brands, however, dominate the... 


Boss plans accelerated development at Gould’s Dam
Boss plans accelerated development at Gould’s Dam
26th June 2024 By: Creamer Media Reporter

Uranium company Boss Energy has begun work on accelerating the development of Gould’s Dam, which is a satellite project to the nearby Honeymoon mine, in South Australia. This follows recent... 


Limes
Citrus Academy launches targeted skills training programme
26th June 2024 By: Marleny Arnoldi

Nonprofit training organisation the Citrus Academy has introduced a new Citrus SuperPower programme with which it aims to develop the skills and knowledge of supervisors, open new growth and... 


Thelo to raise $250m with eye on Africa’s giant rail corridors
25th June 2024 By: Bloomberg

Thelo Group’s management plans to buy Deutsche Bahn’s 49% shareholding and is in talks with financiers to raise $250-million to help the South African company transform into a developer of rail... 


Image of Ford SA VP Ockert Berry
Ford celebrates 1m Rangers; looks to PHEV production start before year-end
25th June 2024 By: Irma Venter

Ford South Africa (SA) has celebrated the assembly of the one-millionth Ranger at its Silverton plant in Pretoria. While the first million bakkies has taken 24 years, the second million is set to... 


An image of Marula Mining CEO Jason Brewer
Marula signs export logistics agreement for Kenyan mine
25th June 2024 By: Tasneem Bulbulia

Africa-focused mining and development company Marula Mining has entered into an export logistics agreement with Scan Global Logistics (SGL) Group’s Kenya-based subsidiary, SGL Kenya, for the... 


grootegeluk
Exxaro warns of price, production dip in first half
25th June 2024 By: Darren Parker

Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to... 


Linda Lourie appointed HyProMag USA advisory board director
24th June 2024 By: Tasneem Bulbulia

TSX-V-listed CoTec Holdings and Aim- and TSX-V-listed Mkango Resources have appointed Linda Lourie as an advisory board director for their joint venture (JV), HyProMag USA, effective June 24.... 


Tractor in field
El Niño dries up South Africa’s agricultural business confidence for the second quarter
24th June 2024 By: Marleny Arnoldi

The Agricultural Business Chamber of South Africa (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) reached a 15-year low of 38 points in the second quarter of... 


  Energy Transition: the pivotal role of hydrogen and carbon capture in the future of African energy
Energy Transition: the pivotal role of hydrogen and carbon capture in the future of African energy
24th June 2024

Arun Velusami, Partner & Africa Practice Co-Head & Andrew Shaw, Partner: Energy Transition, Hogan Lovells Africa, having been historically reliant on fossil fuels, is going through an energy... 


Australia's east faces immediate gas shortage amid cold snap, outage
21st June 2024 By: Reuters

Australia's east is facing a gas shortage after a cold snap drove up demand for heating and power while supply dipped due to an extended outage at the region's main gas plant, the energy market... 


China's coal imports from Russia rise to eight-month high in May
21st June 2024 By: Reuters

Russia's coal shipments to China rose to the highest level in eight months in May after Moscow suspended export duties, official data showed on Thursday. Russia's coal exports to China rose to... 


Energy transitions and stranded economies
21st June 2024 By: Saliem Fakir

In the context of African economies and the phasing out of fossil fuels, the issue is not about stranded assets per se, but stranded economies. This phenomenon is playing out in Europe, where... 


Photo of Terence Creamer
Defusing CBAM
21st June 2024 By: Terence Creamer

South Africa is strenuously opposing the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) that, under its evolving design and coverage, could have a significant impact on the... 


EXPORT SHIFT: Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal combustion engine vehicles, notably the Polo, seen here being assembled at its Kariega plant. VWSA MD Martina Biene is quoted by Bloomberg as saying that Europe “won’t call on us to make battery electric vehicles” as there is enough capacity on the continent where transport costs are lower. Photograph: Bloomberg
EXPORT SHIFT
21st June 2024

Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal... 


New-vehicle sales down 14.2% as consumers suffer from election jitters
21st June 2024 By: Irma Venter

April’s 2.2% bump in new-vehicle sales proved to be an anomaly as new-vehicle sales again returned to negative territory in May, with the market down 14.2%, to 37 105 units, compared with the same... 


Image of hydrogen production facility
Hyphen green hydrogen project, Namibia – update
21st June 2024 By: Sheila Barradas

Belgium, the Netherlands, Japan and South Korea have all shown interest in concessional financing. 


Image of gold dust
Tocantinzinho gold project, Brazil – update
21st June 2024 By: Sheila Barradas

G Mining Ventures has announced progress in the commissioning of the project. 


Key EV battery material can come from a surprising source: methane
20th June 2024 By: Bloomberg

Graphite is key to manufacturing the lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon,... 


Marula finalising arrangement for first sales from Blesberg project
20th June 2024 By: Creamer Media Reporter

Africa-focused battery metals investment and exploration company Marula Mining’s executive management team is finalising the outstanding logistics and export arrangements for the initial 500 t of... 


Port of Richards Bay
Grindrod selected as preferred bidder for Port of Richards Bay container facility
20th June 2024 By: Terence Creamer

South Africa’s Transnet National Ports Authority (TNPA) has appointed Grindrod South Africa as the preferred bidder to develop and operate a container handling facility at the Port of Richards Bay,... 


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