New IAEA training tool used to assist Senegal with its nuclear research reactor project
The International Atomic Energy Agency (IAEA), a specialist organisation of the United Nations system, highlighted on Friday that it had piloted a new training tool in Senegal, in support of the West African country’s plan to acquire a research reactor. The piloting of the new tool had taken place in Dakar, from December 12 to [...]
Carmaker Stellantis seals batteries material deal with Element 25
Carmaker Stellantis has signed a deal with Australian miner Element 25 for the supply of manganese sulphite for batteries for its electric vehicles (EVs), the two companies said on Monday. The agreement marks another step in efforts by Stellantis to secure long-term supplies of raw materials essential for electric vehicles as carmakers prepare for a surge in global [...]
JDA completes two-year-long construction of Fifth road bridge
The Johannesburg Development Agency (JDA) has completed construction of the Fifth road bridge in Northwold, following damage to the infrastructure after heavy flooding in December 2020. Following the disaster, the Johannesburg Roads Agency (JRA) appointed an engineer and a contractor to design and build a temporary access road off Malibongwe drive, north of the N1, as an [...]
Stefanutti submits more claims against Eskom for expert review
JSE-listed multidisciplinary construction group Stefanutti Stocks has advised shareholders that it has submitted an overarching preliminary and general cost claim, as well as a subcontractor overarching preliminary and general cost claim, of R337-million and R193-million, respectively, in relation to the Kusile power project. In addition to a construction cost claim of R438-million and a finance [...]
Nersa given until Jan 12 to make a final decision on Eskom revenue application
The High Court of South Africa (Gauteng Division) has granted the National Energy Regulator of South Africa (Nersa) an extension, to January 12, to make the final decision on Eskom’s revenue application for the 2023/24 financial year. The regulator was previously required to make a decision by December 24.
MSC Group completes purchase of Bollore Africa Logistics
French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bollore Africa Logistics arm to shipping company MSC Group. The Bollore company added the transaction was on the basis of a €5.7-billion enterprise value.
PIC lifts stake in Afrimat to 15.48%
The Public Investment Corporation (PIC) has increased its shareholding in JSE-listed industrial minerals, bulk commodities and construction materials miner Afrimat to 15.48%. The Afrimat group supplies a range of products ranging from construction materials including aggregates, bricks, blocks, pavers and readymix concrete; to industrial minerals including lime and lime products; as well as bulk commodities [...]
Court order compels Mbalula to address bus attacks, as Intercape wins latest legal battle
A court judgment will compel Transport Minister Fikile Mbalula to “urgently” address attacks against long-haul bus operator Intercape. The Eastern Cape High Court in Makhanda on Tuesday ordered that Mbalula "immediately, and with the utmost urgency, develop and implement an action plan to ensure the safety of long-distance coach drivers and passengers", Intercape said in [...]
AfDB approves R2.2bn loan to DBSA
Development finance institution (DFI) the African Development Bank (AfDB) group has approved a R2.2-billion line of credit to the Development Bank of Southern Africa (DBSA) to expand its portfolio with strategic projects in energy, infrastructure and communications technology in the Southern Africa region and elsewhere in Africa. The DBSA is seeking to raise $1-billion (R19-billion) in [...]
Zimbabwe proposes incentives for $1bn solar projects
Zimbabwe has proposed incentives to accelerate 1 000 MW of privately owned solar energy projects worth about $1-billion, Finance Minister Mthuli Ncube announced on Monday, as the country scrambles to plug an electricity deficit that threatens to compound its economic woes. The southern African country is currently generating about a third of its 2 000 [...]
Minerals Council, Transnet to establish joint structures to improve rail, ports performance
State-owned freight utility Transnet and the Minerals Council South Africa have agreed to form joint collaborative structures to ensure all possible actions are taken to stabilise and improve the throughput of South Africa’s rail and ports systems. Transnet recognises the integrated nature of the mining industry as part of the logistics system and has agreed to mutually [...]
Parliament welcomes army deployment at Eskom
The deployment of the South African National Defence Force (SANDF) at four Eskom power stations has been welcomed by the chairperson of Parliament's Portfolio Committee on Mineral Resources and Energy, Sahlulele Luzipo. News24 reported late on Saturday that a minimum of 10 soldiers would be deployed at each of the following power stations: Majuba, Camden, Grootvlei, and [...]