Distressed JSE-listed sugar producer Tongaat Hulett is set to sell 33.3% of the issued share capital and the claims for repayment of the shareholder loans in Tongaat Hulett (Botswana) to Ball Foundry, a nominee company of the Vision parties. The shares will be beneficially owned by the Vision principals on the closing date of the [...]

Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257-billion infrastructure boom to ransom. That plant — and two others it wants to idle — supply what builders need for the vaunted exponential rollout of power-transmission towers, rail lines [...]

In a bid to help make mine tailings safer for people and the environment, a global institute has been launched in South Africa which has also been selected as the location of the independent, multi-stakeholder governed Global Tailings Management Institute (GTMI). GTMI has been founded by CEO-led leadership organisation ICMM, the United Nations Environment Programme [...]

Global natural gas markets reached an all-time high last year and are set to remain tight in 2025 despite an ongoing rebalancing following the supply shock of 2022/23, the International Energy Agency (IEA) states. In 2024, global gas demand rose by 2.8%, or 115-billion cubic metres, which was well above the 2% average growth rate [...]

The Airports Company South Africa (ACSA) has assured that its flagship OR Tambo International Airport (ORTIA), east of Johannesburg, now has enough jet fuel to meet demand for the rest of this month. ACSA is now working with industry and other partners to mitigate any disruptions that might occur in February. The supply of jet [...]

US Agency for International Development private sector programme Prosper Africa and trade financing company African Export-Import Bank (Afreximbank) have signed a new memorandum of understanding (MoU) to boost trade and investment between the US and Africa in key sectors. This strategic partnership aims to leverage the strengths of both organisations to mobilise trade opportunities and [...]

Sasol is looking to revive its international chemical business, including a sprawling US complex, to boost earnings and open up an option to potentially list it, according to the company’s chief executive officer. The South African maker of fuel and chemicals from coal reported its first loss since 2020 last year and took billions of dollars [...]

The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two multilateral lenders are backing a program called Mission 300 that aims to bring electricity to 300-million Africans by 2030 with a pledge of $30-billion [...]

Transport Minister Barbara Creecy has called airline FlySafair's request for an urgent Ministerial exemption from a disputed legal provision of the Air Service Licensing Act "premature". She has, however, instructed her department to seek legal advice from its senior counsel on the airline’s application for Ministerial exemptions within the context of the processes that are unfolding.

A new International Energy Agency (IEA) report argues that nuclear capacity could double to 870 GW by 2050 in light of renewed interest in the building of new nuclear plants, including small modular reactors (SMRs), as well as in extending the lifetimes of existing power stations. Nevertheless, the technology’s share of global electricity generation is [...]

Cement group PPC has signed a memorandum of agreement (MoA) with cement equipment and engineering company Sinoma Overseas Development Company for the construction of a new R3-billion low-carbon plant in the Western Cape. The parties inked a strategic cooperation agreement in July last year to collaborate on identifying new projects and opportunities to improve efficiencies [...]

On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the landscape. As workers dodge cement mixers and construction site scaffolding, bulldozers widen the road linking the province of Gauteng to the eastern port city of Durban. Similar scenes are playing out [...]