Financial services firm Nedbank has appointed Daniel Mminele as an independent nonexecutive director and chairperson-designate for the Nedbank Group and Nedbank Limited companies. His appointment as an independent nonexecutive director of the companies will be effective from May 1, while he will be elected as chairperson immediately following the conclusion of the Nedbank Group annual [...]

Global spending on electric vehicles (EVs) is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388-billion in 2022, up 53% from the year before. With the 2022 tally included, the total value of electric vehicles sold to date in the passenger vehicle segment [...]

Achieving a circular economy would require much more efficient mining and processing, much more recycling of metals, much more reprocessing and recycling of mine waste, particularly tailings dumps and dams. So highlighted Finnish Geological Survey organisation GTK Circular Economy Solutions Unit Head Jouko Nieminen in an interview with Mining Weekly Online, at a fringe event [...]

The firm embrace of the new green hydrogen and hydrogen fuel cell future by China and India is a huge twin boost for Southern Africa’s great platinum group metals (PGMs) endowment, Mining Weekly can today report. Hydrogen technologies have a special relevance for South Africa as most of the PGMs that are needed for the [...]

Trade union Solidarity on February 14, during a media conference, shared details of its litigation about the recent declaration of a State of Disaster over the electricity crisis. The matter is due to be heard in the Pretoria High Court on March 14.

Mineral Resources and Energy Minister Gwede Mantashe has doubled down on his characterisation of the proposed Minister of Electricity as that of a project manager but has denied that such a portrayal reduces the authority of the appointee. In a speech made in response to President Cyril Ramaphosa’s State of the Nation Address, in which [...]

JSE-listed Telkom has reported a 13.5% decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R2.49-billion during the three months ended December 31, 2022. Telkom’s Ebitda margin contracted 4.1 percentage points to 22.6%.

The South African Local Government Association (Salga) has welcomed the declaration of a State of Disaster over the country’s energy crisis, and it hopes to play a central role in the process. In an exclusive interview with Polity following last week’s State of the Nation Address tabled by President Cyril Ramaphosa, Salga president Bheke Stofile said [...]

South Africa declared a state of disaster so the government can accelerate its response to widespread floods and free up funds for assisting with reconstruction. It was the second such pronouncement in less than a week. President Cyril Ramaphosa on Thursday declared a national state of disaster over an energy crisis that’s crippling the nation’s [...]

President Cyril Ramaphosa’s announcement that incentives will be introduced to help facilitate solar investments by businesses and households was arguably the high point of a State of the Nation Address, where the declaration of a state of disaster and the appointment of an Electricity Minister stole the headlines. But can such investments really help to [...]

Tile company Italtile has delivered underwhelming results for the six months to December 31, 2022, with the group’s trading profit 8% lower year-on-year to R1.4-billion, while operating costs increased by 9% year-on-year. “I think most disappointing for us really was the performance by our manufacturing division, which makes up about 40% of our group profits. [...]

Construction of the Msikaba cable-stayed bridge near Lusikisiki, in the Eastern Cape, should be complete in the last quarter of next year.  Work on the project, which forms part of the N2 Wild Coast Toll Road rollout, started in earnest in 2019.