The South African wine industry exported 368-million litres of wine, valued at R9.9-billion, in 2022. Exports were 5%, or 20-million litres, lower than in 2021. The value of exports in 2022 was also lower compared with R10.2-billion worth of wine exports in 2021. However, Wines of South Africa (WoSA) deems it positive that export value only [...]

A current-account balance that’s swinging into deficit is adding pressure on South Africa to stem a foreign-investor flight from the government bond market. While non-residents have offloaded government bonds worth R60.6-billion on a net basis over the past three years, current-account surpluses had tempered the need for portfolio inflows. That’s changing now, and it may [...]

JSE-listed information and communications technology company EOH has released the final terms of its rights offer that will comprise a combined capital raise from the rights issue and specific issue that will amount to R600-million and said the proceeds will be used to settle the majority of the senior bridge facility, reducing interest payments by about [...]

India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled.

Mineral Resources and Energy Minister Gwede Mantashe is adamant that he is not to blame for continued loadshedding – even though his department oversees the procurement of generation capacity and not a single megawatt has been connected to the grid during his tenure. In a wide-ranging interview with News24 on Tuesday, Mantashe, who is also [...]

EDF Renewables in South Africa reports that construction of its third wind project selected during the much-delayed fifth bid window (BW5) of government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is under way after the 140 MW Coleskop project reached financial and commercial close on January 18. Senior debt for the R3.5-billion project is [...]

Transnet Freight Rail (TFR) has started with the yearly maintenance shutdown of the Cape Corridor’s East London main line, which will continue for seven days until January 22 and see no trains running on the line. The maintenance is set to improve the 629-km-long rail network covering the areas from East London, in the Eastern [...]

State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) has issued a request for proposals (RFP) to establish a partnership for the development, refurbishment, modification, upgrade, funding and/or operation of its gas-to-liquids (GTL) refinery, in Mossel Bay. PetroSA is planning to reinstate to full production its Mossel Bay production assets, which includes the FA [...]

The South African Wind Energy Association (SAWEA) is hoping to convince Eskom to conduct an independent technoeconomic assessment of whether there is potential to extract more capacity from the constrained grid in the Cape provinces after none of the 23 wind projects that participated in the most recent public procurement round were appointed as a [...]

Uthingo Mills KwaZulu-Natal (KZN), a black female owned business, officially launched its maize meal product at the weekend. The maize meal company is currently contracted by Spar Group to provide Uthingo Maize to Spar shops, including those in Indanda, KwaMashu Bridge, Empangeni, Hluhluwe and Mtubatuba. The launch of the Uthingo Mills was made possible by [...]

Zambia and the United Arab Emirates (UAE) signed a $2-billion agreement to build solar plants in the Southern African country that will increase its generation base by more than half. The joint venture between Zambia’s state-owned power utility, Zesco, and a UAE government-owned renewable energy company, Masdar, targets the development of 2 000 MW of [...]

Amid crippling loadshedding across the country, the Democratic Alliance (DA) will head to the High Court to interdict the 18.6% electricity tariff hike that was recently granted by the National Energy Regulator of South Africa (Nersa) to Eskom last week. DA leader John Steenhuisen said South Africans, who have already had to spend a third [...]