Ten innovative Southern African startups have been awarded financing through the Southern Africa Innovation Bridge Portal Fintech Challenge to advance their solutions, and help improve financial access for underserved communities. The Southern Africa Innovation Bridge Portal is supported by the World Bank and serves to crowd-source new and impactful ways to use the latest innovations [...]

Electricity Minister Dr Kgosientsho Ramokgopa has expressed deep concern that another delay to the return to service of Koeberg Unit 1 could result in both of the nuclear power station’s units being out of service simultaneously later this year. The unit is currently undergoing a long-duration outage that includes the replacement of its three steam [...]

International data and analytics company GlobalData has forecast that the global market for naval uncrewed maritime vehicles (UMVs) would rise from an estimated $1.273-billion this year to more than $3.1-billion in 2033, the total increase expected to amount to more than $1.9-billion. UMVs were subdivided into uncrewed underwater vehicles (UUVs) and uncrewed surface vehicles (USVs). [...]

The earnings of Anglo American Platinum (Amplats) for the first half of this year are expected to be sharply down. Headline earnings and headline earnings per share (HEPS) are likely to decrease by between 65% and 75%. Compared with R26.7-billion in the first half of last year, headline earnings are likely to be between R6.7-billion and [...]

International nuclear organisation the World Nuclear Association (WNA) and the African Energy Chamber have signed a memorandum of understanding to drive nuclear energy adoption in Africa. This partnership includes collaborating for African Energy Week.

The Road Traffic Infringement Agency (RTIA) is finally ready to roll out the Administrative Adjudication of Road Traffic Offences (Aarto) Act of 1998, as well as the Aarto Amendment Act 4 of 2019, after various delays and a litigation process. A ruling by the Constitutional Court delivered on July 12 ultimately confirmed the legality and [...]

The initiation of Scatec’s three Kenhardt projects, in the Northern Cape, exemplifies the renewable power producer’s strides and innovation in integrating storage technologies into renewable energy projects, sub-Saharan Africa executive VP Jan Fourie extolls. These projects, built under the Risk Mitigation Independent Power Producer Procurement Programme, involve a total capital expenditure approaching $1-billion, representing one [...]

The Western Cape agriculture sector suffered more than R1-billion in infrastructure damage during recent flooding, and now the provincial agriculture department wants to have the area declared a disaster to free up funding for repairs. According to the department, an updated assessment puts the cost of the damage at R1.053-billion, with the West Coast, Cape [...]

Some of the world’s biggest mining companies are working with South Africa’s government on a R27-billion water project to supply major platinum and chrome operations and several hundred thousand people with drinking water. Glencore and Anglo American Platinum are among the companies attempting to secure half of that amount in financing by the end of the [...]

While the government has welcomed the judgment of the Constitutional Court on Wednesday which declared the Administrative Adjudication of Road Traffic Offences Amendment Act (Aarto) constitutional and valid, the Organisation Undoing Tax Abuse (Outa) says it will be impossible for the government to implement it. The Constitutional Court overturned an order of the Gauteng High [...]

South African diplomat and ambassador of South Africa to Madagascar Gert Grobler has emphasised the importance of the African Continental Free Trade Area (AfCFTA) in advancing Africa’s integrated cooperation and development, as well as the vital role that China can play in advancing the AfCFTA and the resultant cooperation and development. “Despite headwinds, trade between [...]

US International Development Finance Corporation (DFC) CEO Scott Nathan has reiterated the American government’s interest in helping to finance the Lobito rail corridor, linking the copper and cobalt mining regions of the Democratic Republic of Congo (DRC) and Zambia to Angola’s Lobito port. Nathan, who is heading the US Delegation to the US-Africa Business Summit [...]