JSE-listed construction materials and mining company Raubex has increased its revenue by 29.7% to R10.95-billion for the half-year period to end August, up from R8.45-billion in the comparable period of the prior financial year. The group also increased its operating profit by 34.7% to R846.2-million during the half-year, up from R628.4-million in its prior financial year's interim [...]

Electricity and Energy Minister Dr Kgosientsho Ramakgopa has confirmed that an independent technical assessment of the R6.1-billion billing dispute between State-owned utility Eskom and the City of Johannesburg’s (CoJ’s) wholly-owned electricity utility City Power will be carried out over the next 14 days. Upon conclusion of the technical assessment on November 25, a final decision [...]

The International Atomic Energy Agency (IAEA) will highlight the role of nuclear energy, as a key instrument to achieve net-zero carbon emissions, during the COP29 UN Climate Summit. The summit will be held from November 11 to November 22, in Baku, the capital of Azerbaijan. The IAEA delegation will be led by director-general Rafael Mariano [...]

JSE-listed Vodacom Group on Monday posted a 2.7% decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R26.56-billion; however, on a normalised basis, Ebitda increased 8.5% during the six months ended September 30. The group’s reported headline earnings a share declined 19.4% to 353c, largely attributable to a currency depreciation in Ethiopia and [...]

Latest data reflects steadily improving and stabilising electricity generation in South Africa, the Minerals Council South Africa notes. In its latest economic insights for September to October, the council notes that State-owned utility Eskom's energy availability factor (EAF) continues to exceed 60%, sustaining seven consecutive months without loadshedding.

The partial collapse of the Umbongintwini River bridge on the N2 southbound, in KwaZulu-Natal, highlights the urgent need for comprehensive infrastructure maintenance across South Africa, industry organisation Consulting Engineers South Africa (CESA) says. “This incident highlights the importance of proactive measures to prevent further infrastructure failures. While we focus on new projects, we must not [...]

Airport management agency the Airports Company South Africa (ACSA) has welcomed the unveiling of a statue of King Shaka Zulu at the King Shaka International Airport, in KwaZulu-Natal, on November 7. The agency selected a prominent location for the statue, thereby ensuring it serves as an attraction for airport users and the broader local community [...]

South Africa is concerned by the impact Donald Trump's election as the next president of the United States may have on talks to tackle climate change, its environment minister said on Friday. Trump's election and the collapse of Germany's coalition government this week have come right before COP29 talks aimed at curbing global warming, which [...]

Mozambican investment group RGS Holdings has submitted an urgent application in the Durban High Court to interdict and set aside the implementation of embattled sugar producer Tongaat Hulett’s business rescue plan, which involves the sale of the group’s assets to the Vision consortium. RGS is also seeking the disclosure of a range of information from [...]

Power utility Eskom has announced plans to interrupt power supply to the City of Johannesburg (CoJ) at certain pre-determined times of day from next month, citing City Power’s failure to pay R4.9-billion in arrears owed to Eskom. The CoJ, in response, says Eskom has overbilled City Power and asked Eskom to retract its public notice [...]

Significant progress is being made on the Lower uMkhomazi water scheme project, which aims to improve water supply for 50 000 households across the eThekwini and Ugu municipal districts, along KwaZulu-Natal's South Coast. The R20-billion large-scale project, which was previously hindered by delays, has gained renewed momentum as a result of proactive involvement and determination [...]

The head of France’s state development bank expects other development finance institutions to add to a €400-million ($432-million) climate loan for South Africa that partners will likely sign within days. The funds are part of a $9.3 billion climate-finance pact agreed between South Africa and some of the world’s richest countries in 2021 to help [...]