South Africa is far behind in its work to transition to a carbon-neutral energy system by 2050, and the significant proposed electricity tariff increases being sought by State-owned Eskom, could lead to some businesses and industrial hubs being closed down, mining companies have warned. The companies have pointed out during discussions at this year's Joburg [...]

Eskom has been using diesel-fuelled auxiliary turbines extensively to stave off power cuts in South Africa following delays in restoring some generation capacity. The utility fired up the units after 2 685 megawatts of capacity failed to return to service on September 23 as planned, Eskom said in a reply to questions. “Additionally, higher-than-expected electricity [...]

While environmental, social and governance (ESG) has risen in prominence globally, the concept has become too broad, opening it up to uncertainty and criticism, Genesis Analytics partner Ryan Short said in a keynote at this year’s ESG Africa conference, on October 1. He argued that ESG, therefore, needs to be repositioned and encouraged companies to [...]

South Africa’s Cabinet formally endorsed development finance institution the African Development Bank (AfDB) senior VP Bajabulile Swazi Tshabalala as its nominee for the role of president of the AfDB in August, Finance Minister Enoch Godongwana has announced. In line with the AfDB’s rules and regulations that require that executive employees intending to formally pursue the [...]

The State-owned Transnet Academy has concluded a five-year partnership agreement with the University of Cape Town (UCT) and the University of Pretoria (UP), which will help it to enhance technical capacity, develop reliable safety standards and deliver superior customer service. The Faculty of Rail within the Transnet Academy will offer accredited training programmes in railway [...]

South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector as state officials court investors in the UK. Deputy President Paul Mashatile is leading a ministerial delegation on a weeklong roadshow to London, where the officials are looking to capitalize on market optimism about [...]

Blyvoor Gold Mine on Johannesburg’s West Rand has sold 16% more gold to the end of August, Aurous Gold stated in a mid-year release on Monday. Gold production for the for fiscal 2025 half-year to the end of August totalled 10 934 oz ounces of gold on the back of record gold prices.

The Gauteng provincial government (GPG) on Monday paid the first of five equal instalments of its agreed R12.9-billion contribution to historical e-toll debt. Of the first R3.8 billion paid to National Treasury, R3.2-billion was allocated to historical debt and R546-million towards the R4-billion maintenance, according to Gauteng Finance and Economic Development MEC Lebogang Maile.

Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new coalition government focuses on investing in infrastructure, South African Deputy President Paul Mashatile said. “We think that by next year we could be growing about 1.5%,” Mashatile said in an interview on [...]

South Africa's donor-funded climate programme has spent just over a sixth of its allotted $11.6-billion, with a focus on expanding the power grid and preventing its coal-mining region slipping into decline as it shifts to renewables, two sources said. A donor and a South African official involved in the plan, neither of whom were willing [...]

South Africa recorded foreign direct investment inflows of R16.6-billion in the second quarter of 2024, down from R24.4-billion rand in the first quarter, central bank data showed on Thursday. The South African Reserve Bank said in its Quarterly Bulletin that the inflows were notably driven by a non-resident company increasing its equity investment in a [...]

Diversified industrial company Barloworld has reported a 7.4% decline in group revenue from R40.4-billion to R37.4-billion for the 11 months ended August 31, compared with the same period last year. In a voluntary trading update published on September 26, Barloworld revealed that earnings before interest, taxes, depreciation and amortisation (Ebitda) for the period dropped by [...]