JSE-listed industrial and mining chemicals company AECI grew its revenue for the financial year ended December 31, 2022, by 37% year-on-year to R53-billion driven by significantly improved sales in AECI Mining, AECI Water and AECI Agri Health on the back of increased demand. "The group delivered solid results in an environment of high inflation, subdued [...]

Wilson Bayly Holmes-Ovcon (WBHO) this week revealed a record order book as the company reported its financial results for the six months ended December 31. At around R26.5-billion, the order book eclipses the number recorded at the end of June last year by 19%.

Civil society organisation the Organisation Undoing Tax Abuse (Outa) says the newly published state of disaster regulations appear to be intended to allow a quick contract with floating power company Karpowership by fast-tracking or bypassing environmental authorisations, procurement rules, public participation and even legal challenges. “Outa is determined to continue our legal challenge to review [...]

JSE-listed building materials and products retailer Cashbuild says its results for the six months ended December 25, 2022, reflect the current tough economic and trading environment. The company's revenue for the six-month period was 4% lower year-on-year at R5.6-billion. Revenue for the 309 stores that have been in operation prior to July 2021 decreased by [...]

The South African operations of Harmony Gold did very, very well in the six months to the end of December last year load curtailment notwithstanding, Harmony Gold CEO Peter Steenkamp said during a media call on Wednesday. “There are many mines that performed above expectation,” Steenkamp said in response to Mining Weekly.

North West has the potential to attract at least R50-billion worth of investment in the renewable energy sector, in addition to the private sector renewables investments that are already under way, Premier Bushy Maape has said. He noted during his State of the Province Address last week that the province’s executive council has resolved to [...]

After incurring a loss of R1.5-billion for the six months ended December 31, 2021, JSE-listed building and engineering contractor Wilson Bayly Holmes Ovcon (WBHO) swung to a profit of R354-million in the six months ended December 31, 2022. The company says its South African operations has demonstrated positive growth, while the group order book of R27-billion remaining solid.

State-owned rail operator Transnet Freight Rail (TFR) says its opening of rail capacity allocations to junior miners will not impact existing guaranteed manganese miner export allocations. As part of what it says is an expansion of rail capacity allocation and efforts to create a more inclusive and competitive environment, Transnet awarded six new entrants with [...]

Karpowership, the Turkish company seeking to supply power to South Africa, said it will demand a retraction from Andre de Ruyter, the former chief executive officer of Eskom Holdings SOC Ltd., because it said he had inferred the firm was corrupt. The company, which generates electricity from ship-mounted, gas-fired power plants, in 2021 won about [...]

This month ten years ago, Sibanye Gold Limited was unbundled by Gold Fields Limited and listed on the JSE and the NYSE as an independent company with three deep level South African gold mines and a market capitalisation of R10-billion. Today, the group, headed by CEO Neal Froneman, has evolved into multinational diversified mining and [...]

The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is glaringly evident in exploration, which, the Minerals Council adds, has virtually ground to [...]

More than two weeks after President Cyril Ramaphosa announced that the electricity crisis had been declared a National State of Disaster, the regulations giving effect to that declaration have been Gazetted. In a statement issued on February 28, it was confirmed that the regulations were approved following a sitting of the President’s Coordinating Council, as [...]