News2018-08-01T16:20:10+01:00

Lobito Atlantic Railways takes delivery of 275 new container wagons

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway (LAR). The strategic investment into new wagons is part of the LAR's expansion and modernisation plan over the next three years.

South Africa says China could assume climate lead if US exits

China has an opportunity to lead the global fight against climate change with the US set to tamp down its commitments following the election of Donald Trump as president, South Africa’s environment minister said. The world’s biggest emitter has faced scathing criticism from the US and developed European nations for not pulling its weight when [...]

Public Works to blacklist ‘criminal’ contractors as delayed projects reach R3-billion

Out of the 206 infrastructure projects overseen by the Department of Public Works and Infrastructure (DPWI) this financial year, 164 projects are experiencing delays, says Public Works and Infrastructure Minister Dean Macpherson. Addressing Parliament this week, he said this represented a 79% delay rate across the department’s portfolio for this financial year.

Provinces increase their expenditure by nearly 5% in the second quarter

National Treasury has revealed that South Africa's provinces spent 50.6%, or R384.9-billion, of the allocated main budget of R760.1-billion in the second quarter of the 2024/25 financial year, which represents a 4.8%, or R17.7-billion, increase compared with the same period in the 2023/24 financial year. Spending on education amounted to R158.6-billion, or 50.1% of the provincial education main [...]

Ramokgopa to recommend lifting PBMR from care and maintenance

The Department of Electricity and Energy is preparing a report to Cabinet to recommend the approval of lifting the pebble bed modular reactor (PBMR) from care and maintenance to allow South Africa to revive the development of its PBMR capability. “Nuclear is the future and is alive in South Africa. It will play a significant [...]

Ramokgopa to recommend lifting PBMR from maintenance

The Department of Electricity and Energy is preparing a report to Cabinet to recommend the approval of lifting the pebble bed modular reactor (PBMR) from care and maintenance to allow South Africa to revive the development of its PBMR capability. “Nuclear is the future and is alive in South Africa. It will play a significant [...]

South Africa’s Barloworld in talks with Saudi Arabia’s Zahid Group

Barloworld is in talks with a group of investors that includes a unit of Saudi Arabia’s Zahid Group about the acquisition of the African distributor of Caterpillar Inc. equipment. The Johannesburg-based company, valued at about R16-billion, said the discussions are with a consortium that includes Gulf Falcon Holding — a wholly owned subsidiary of Zahid [...]

AFD approves another €400m JET-linked policy loan to South Africa

Agence Française de Développement (AFD) has approved another €400-million policy-based loan to support South Africa’s Just Energy Transition (JET), increasing its approvals to €700-million out of the €1-billion it pledged to South Africa at COP26 in Glasgow in 2021. The loan is described as the largest-ever on the AFD's balance sheet and is said to [...]

Level crossing incidents not only cost lives but also the economy, TFR CEO says

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail (TFR) CEO Russell Baatjies said on November 14. “We’ve had 36 level crossing incidents just this year, and we've lost 41 lives. We all want Transnet to [...]

AIH Capital’s AIH Fund 1 acquires 49% equity interest in HDC

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 [...]

IPP Office confirms ongoing dispute with 13 projects over payment of bid bonds

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 [...]

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