AIH Fund I, under the management of private equity fund manager AIH Capital, has closed a second deal with High Duty Castings (HDC), resulting in the fund now owning 49% of the manufacturing company. HDC is a producer of grey iron castings for industry specific products, such as pumps and valves, gearboxes, engineering compressors and [...]

The head of South Africa’s Independent Power Producer Office (IPPO) has confirmed that it has called the bid bonds for 14 projects that failed to advance to commercial close during the fifth bid window (BW5) of the country’s renewables procurement programme. Bernard Magoro told lawmakers this week that one preferred bidder had agreed to pay [...]

Non-profit organisation Natural Justice expressed optimism that the courts will see the flaws in government’s decision-making process on exploration rights for oil and gas and rule in favour of environmental justice. The Green Connection and Natural Justice have filed a supplementary founding affidavit, reinforcing their legal challenge against TotalEnergies EP South Africa (TEEPSA) and the [...]

JSE-listed real estate investment trust (Reit) Dipula Income Fund’s property portfolio has increased by 4% in value to R10.2-billion in the financial year ended August 31, contributing to a 5% rise in net asset value. Dipula has a portfolio of 165 retail, office, industrial and residential rental properties. Convenience, rural and township retail centres produce [...]

Liquid Intelligent Technologies and the Western Cape government have renewed their partnership to continue expanding the proliferation of connectivity in the province, which has, in turn, enabled the ‘Citizen-centric Digital Transformation’. Over R2-billion will be invested over the next seven years as Liquid South Africa continues to increase access to high-speed connectivity by adding more free [...]

South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction. Disruptive rains, floods, strong winds and hail from October 22 to 29 affected the Eastern Cape, KwaZulu-Natal, Free State, Limpopo, North-West, Gauteng and Mpumalanga provinces, Elias Sithole, head [...]

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate extremes, scientists said on Wednesday. The Global Carbon Budget report, published during the UN's COP29 climate summit in Azerbaijan, said global CO2 emissions are set [...]

The 340 ha mixed-use urban development precinct The Bridge was opened in Stellenbosch, in the Western Cape, on November 7. The Bridge represents a commitment to community-focused growth, sustainability and innovation. R60-billion is projected to be injected into the economy and 13 000 permanent jobs are expected to be created, developer Stellenbosch Bridge Properties said.

Multidisciplinary professional firm WSP has completed a comprehensive upgrade of diversified miner South32’s manganese rail infrastructure in the Northern Cape. The project was carried out by WPS’s Project Raptor team, which forms part of the company’s Transport and Infrastructure (T&I) division.

Twenty months into the large-scale upgrade of the Potsdam wastewater treatment works (WWTW), the City of Cape Town (CoCT) says the R5.2-billion project is on track to be completed in 2027. The upgrade is being executed through two construction contracts – one for civil infrastructure and another for providing the mechanical and electrical infrastructure.

The first hot-rolled coil (HRC) has been produced at Scaw Metals’ Union Junction complex in Ekurhuleni, heralding the reintroduction of competition into South Africa’s flat-steel market. The R5-billion steel investment, which has been 75% funded by Absa and Investec and 25% funded by the State-owned Industrial Development Corporation, is also the first new flat-steel mill [...]

Kenya Railways and UK-based power and propulsion systems group Rolls-Royce have announced that three of the former’s heavy haulage locomotives have been re-engined with the latter’s mtu Series 4000 engines. The locomotives were 40 years old and had actually been retired from service, so the refit has rejuvenated them and brought them back into service. [...]