Australia-listed manganese company Jupiter Mines, which has a 49.9% beneficial interest in Tshipi é Ntle Manganese’s Tshipi mine in South Africa’s Kalahari manganese field, on Thursday reported strong production but weak pricing in the three months to September 30. The spot price of manganese ore fell 34% in the period, which was attributable to persistent [...]

The Democratic Alliance (DA) on Thursday urged State power utility Eskom to withdraw its “futile and costly” legal dispute and support the transformation of South Africa’s energy sector. Eskom has approached the High Court to review the National Energy Regulator of South Africa’s (Nersa’s) decision to grant four trading licences in what it describes as [...]

South Africa pledged to slash emissions across its fleet of coal-fired power plants in a bid to secure $2.6-billion in climate finance. That’s despite seeking to alter the terms of a 2022 agreement by delaying the outright closure of three of the facilities. The plan, which involves the reduction of emissions at a number of [...]

In another surprise move, Eskom has taken the seemingly regressive step of approaching the High Court for a review of the National Energy Regulator of South Africa’s (Nersa’s) decision to grant four trading licenses in what it describes as its area of supply. In a statement released a day after the Energy Regulator, Nersa’s top [...]

The first phase of Operation Vulindlela, which was set up jointly by the Presidency and the National Treasury to oversee structural economic reforms, unlocked R390-billion worth of investment in the electricity sector. The investment figure is included in the Medium-Term Budget policy Statement released on Wednesday by Finance Minister Enoch Godongwana, who indicated the second [...]

The National Treasury reports that additional strategies are being explored together with stakeholder departments and Eskom to address the “critical” financial situation of the top 14 Eskom defaulters. It has been reported that arrear debt owed to Eskom by municipalities has climbed to above R80-billion, despite there being a debt relief programme in place through [...]

Provincial agency the Eastern Cape Development Corporation (ECDC) is rolling out a R546-million refurbishment programme at its R1.37-billion rental investment property portfolio, which includes commercial, industrial and residential property units in Mthatha, Butterworth, Komani and Buffalo City. “The refurbishment aims to improve the state of the portfolio, transform it and improve performance,” says ECDC CEO Ayanda [...]

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current global crude oil market, a new International Energy Association (IEA) report shows. The latest edition of the IEA’s ‘Energy Technology Perspectives [...]

Morocco's phosphates and fertilizer giant OCP and French energy firm Engie signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to €17-billion ($18-billion) in desalination, renewable energy and green hydrogen, a source close to the deal said. The strategic partnership was signed during the visit by French President [...]

Africa has the potential to play a significant role in the global energy transition, given its endowment of critical minerals such as lithium and cobalt; however, realising the full potential of these resources requires a strategic approach to developing manufacturing capacity and scaling up production and exports. This was noted in a panel discussion, at the [...]

South Africa will call for the New Collective Quantified Goal (NCQG) on climate finance to be set at $1.3-trillion yearly during the upcoming COP29 climate negotiations, which will be held in Baku, Azerbaijan, from November 11 to 22. The NCQG is the finance goal that parties to the Paris Agreement are expected to set prior [...]

African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s biggest bank said. A United Nations Development Programme study last year showed that subjective risk assessments by ratings companies resulted in $75-billion of added costs and foregone revenue by African countries, Standard Bank Group CEO [...]