In light of the world’s population being estimated to grow by at least 1.7-billion by 2050 and the fact that about 4.5-billion people already do not have sufficient access to energy, TotalEnergies outlines in its latest Energy Outlook a new scenario that reflects the current trajectory of various countries up to 2030. This scenario, which [...]

South Africa’s competition landscape is under intense scrutiny following the Competition Tribunal’s recent decision to block telecommunications firm Vodacom’s R14-billion acquisition of a co-controlling stake in Vumatel parent Maziv, despite the merging parties agreeing to a range of additional conditions sought by the authorities. The decision threatens a R10-billion investment into fibre networks in underserviced [...]

The Bombela Operating Company (BOC), which currently operates and maintains the Gautrain, was awarded the Train Operator of the Year award at the inaugural Rail Industry Awards, hosted by the Railway Safety Regulator last week. The award recognises the quality operations and maintenance of the Gautrain.

Copper, iron-ore and crop-nutrient focused Anglo American reported on Monday that it expects to complete the sale of a minority interest it holds in an Australian steelmaking coal business in the second quarter of next year. The Johannesburg- and London-listed Anglo is implementing structural changes that include selling off steelmaking coal and nickel businesses, demerging [...]

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in wholly-owned subsidiary Much Asphalt for an estimated R1.1-billion. The deal will be financed through a combination of debt and equity and is expected to close [...]

Significant progress has been made on the R15-billion upgrade of the Moloto road which, once completed, is expected to help improve safety on one of the country’s most dangerous roads, remarked Transport Minister Barbara Creecy during an inspection of the 138 km stretch of road spanning Gauteng, Mpumalanga and Limpopo. The road is being upgraded [...]

Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path for fiscal consolidation remains credible. Finance Minister Enoch Godongwana painted a bleaker-than-expected picture when he delivered a medium-term budget update last week with a slightly wider deficit. Despite this caution, South Africa [...]

JSE-listed Altron on Monday posted significant increases during the six months ended August 31, 2024. On a group level, including discontinued operations, revenue declined 6% to R5.1-billion; however, earnings before interest, tax, depreciation and amortisation (Ebitda), operating profit, earnings per share (EPS) and headline earnings per share (HEPS) all increased by more than 100% during [...]

As the new president and CEO of the Canada-listed NextSource Materials – which is chaired by former South African mining luminary and one-time Eskom finance director Sir Mick Davis – the ex-Sasol and Royal Bafokeng Platinum CFO Hanré Rossouw is now leading a major graphite advance. The Toronto-based battery materials development company Rossouw began leading [...]

The Railway Safety Regulator's (RSR's) 'State of Safety Report 2023/2024' showed that there was a 12.82% increase in operational incidents from the prior year owing to new risks and trends, with 2 496 operational incidents reported during the year. In terms of injuries and fatalities, 85 lives were tragically lost and 181 people sustained injuries, [...]

Development finance institution the International Finance Corporation's (IFC's) investments in Africa totalled $14.2-billion in the past fiscal year, or 23% higher than the prior year, which is its largest ever commitment to the continent. Its investments supported Africa’s clean energy, manufacturing, digital connectivity, small business, trade, agriculture, and other vital sectors during its 2024 fiscal [...]

JSE-listed fast-moving consumer goods manufacturer Tiger Brands on October 30 issued a statement confirming that it is engaging with the law firm handling claims on behalf of victims of a listeriosis outbreak in 2017/18 with a view to agreeing on relief to qualifying individuals who have urgent medical needs, regardless that liability has not yet been [...]