News2018-08-01T16:20:10+01:00

Zikalala flags failure of contractor-development pipeline

Public Works and Infrastructure Deputy Minister Sihle Zikalala has raised concern about ongoing systemic problems in South Africa’s contractor-development programmes, warning that fewer than 36% of contractors enrolled in government support initiatives are progressing beyond the initial stage. Speaking at the 2025 National Construction Summit, in Ekurhuleni, on November 14, he said evidence from recent [...]

Minerals Council joins application to review R54bn Eskom-Nersa settlement

The Minerals Council South Africa has confirmed that it has applied to be joined as a third respondent in a court bid to halt a controversial settlement agreement between power utility Eskom and the National Energy Regulator of South Africa (Nersa). Under the terms of the proposed settlement agreement, about R54-billion would have been added [...]

Algeria’s national airline becomes the latest operator of Rolls-Royce’s Trent 7000 engine

UK-based global major power and propulsion group Rolls-Royce has highlighted that Algerian national flag carrier Air Algérie has become the latest operator of its Trent 7000 high-bypass turbofan engine. This followed the delivery to the airline, on Thursday, of its first Airbus A330neo twin-engine widebody airliner, which was powered exclusively by the Trent 7000. “We are [...]

FlySafair happy with wage agreement with SACCA ahead of expected G20 travellers

FlySafair expressed satisfaction with the agreement reached with the South African Cabin Crew Association (SACCA), bringing an end to a labour dispute over the past several weeks and holding out the promise of long-term stability. The airline and SACCA have been locked in negotiations over wages and working conditions.

SAPVIA welcomes R2bn electricity transmission expansion facility

Industry organisation the South African Photovoltaic Industry Association (SAPVIA) says the announcement of a R2-billion Credit Guarantee Vehicle specifically for the expansion of South Africa’s electricity transmission infrastructure is a pivotal step in translating energy policy into financial reality. “[Finance Minister Enoch Godongwana's] announcement is a direct answer to the industry’s most critical request. The [...]

Norfund makes major investment in South African renewable-energy company

The Norwegian investment fund for developing countries, Norfund, has invested $75-million (more than R1-billion) in South African independent power producer (IPP) and renewable-energy (solar, wind and battery storage) developer Mulilo, the latter has announced. This investment was managed through Norfund’s Climate Investment Fund. Since 2023, Mulilo’s majority shareholder has been Danish group Copenhagen Investment Partners [...]

Norfund makes major investment in South African renewable energy company

The Norwegian investment fund for developing countries, Norfund, has invested $75-million (more than R1-billion) in South African independent power producer (IPP) and renewable-energy (solar, wind and battery storage) developer Mulilo, the latter has announced. This investment was managed through Norfund’s Climate Investment Fund. Since 2023, Mulilo’s majority shareholder has been Danish group Copenhagen Investment Partners [...]

Cabinet officially lifts PBMR from care and maintenance

Cabinet has officially approved the lifting of the Pebble Bed Modular Reactor (PBMR) nuclear technology from care and maintenance. “This decision provides the South African Nuclear Energy Corporation (Necsa) with a legal basis to engage with potential international partners and investors for the revival and further development of the project,” Minister in the Presidency Khumbudzo [...]

TotalEnergies’ Mozambique gas ‘fortress’ fuels local anger and insurgency fears

Hotel manager Fernando Cuna waited four years for TotalEnergies to resume construction of its $20-billion liquefied natural gas project on Mozambique's coast, hoping it would bring clients to the nearby town of Palma. In a province where the average household income is less than $1 per day, locals like Cuna invested in hotels, catering and [...]

Dipula posts 5% growth in full-year distributable earnings

JSE-listed real estate investment trust Dipula Properties says its performance for the second half of its financial year to end August 31 outpaced that of the first half, driving a full-year increase of 5% in distributable earnings, translating to full-year distributable earnings a share of 57.26c. Dipula’s property portfolio increased in like-for-like value by 6% [...]

Nigeria’s Dangote plans $1bn investments in Zimbabwe

Nigeria's Dangote Group will invest at least $1-billion in a pipeline, power generation and cement plant in Zimbabwe, its founder and CEO Aliko Dangote said on Wednesday. Dangote, Africa's richest man, met Zimbabwe President Emmerson Mnangagwa and signed an investment agreement with the government on Wednesday morning.

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