News2018-08-01T16:20:10+01:00

Increasingly fragile global landscape demands resilience, sustainable solutions – WEF

The World Economic Forum (WEF) finds in its latest ‘Global Risks’ report that the global landscape has become increasingly fractured, with escalating geopolitical, environmental, societal and technological challenges threatening stability and progress. The twentieth edition of the report confirms that, while economic risks have less immediate prominence in this year’s survey results, they remain a [...]

V&A Waterfront hopes to break ground on R20bn project later this year

The V&A Waterfront hopes to break ground later this year on a proposed R20-billion development to be rolled out in phases over the next 15 to 20 years. The new development and its funding have already been approved by joint shareholders Growthpoint and the Public Investment Corporation.

Waterberg discussing concentrate offtake with South African smelter operators amid Saudi mulling

Toronto- and New York-listed Platinum Group Metals Limited is in discussion with several South African smelter operators, including Implats, with a view to negotiating formal metal concentrate offtake arrangements for the Waterberg project, which is planned as a mechanised, shallow, decline-accessed platinum, palladium, rhodium and gold mine, with copper and nickel by-products. Implats is a [...]

CILTSA, BBOpEx Solutions sign MoU to advance excellence in logistics, transport

Professional body the Chartered Institute of Logistics and Transport: South Africa (CILTSA) and consulting firm Bridge Building OpEx (BBOpEx) Solutions have signed a memorandum of understanding (MoU), marking the beginning of a strategic partnership aimed at advancing the logistics, transport and supply chain industries in South Africa.   

Airports worldwide likely to rely on debt to fund their large capital investments

Airports around the world will probably have to rely heavily on debt financing to pay for their expansion, refurbishment and maintenance programmes in the coming years, Canada-based global credit ratings agency Morningstar DBRS points out. Airports will have to undertake such programmes because air passenger travel has not only recovered strongly from the Covid-19 pandemic, but [...]

Presidential Economic Advisory Council discusses global economic policy priorities during …

As South Africa heads up the G20 Presidency this year, the Presidential Economic Advisory Council of South Africa’s seventh administration is looking at the country’s role in advancing the global economic policy agenda and proposes advancing the priorities already set out by President Cyril Ramaphosa. South Africa assumed the G20 Presidency on December 1, 2024 and will [...]

Cape Town-based nonCrete, partners offer fire-resistant building solutions

The Los Angeles fire disaster and the many fires we regularly experience in South Africa are a powerful reminder of the need for fire-resistant building materials and methods across the housing and building spectrum. Addressing this is a catalytic collaboration between Cape Town-based company nonCrete and global architecture, design and construction entity the Institute of Technology [...]

Sasol fire heightens South Africa’s dependence on fuel imports

A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on fuel imports. The January 4 blaze at the facility — the nation’s only inland crude refinery — has caused concerns over jet-fuel supply to Johannesburg’s OR Tambo International Airport, the continent’s biggest. That’s [...]

South Africa needs strong steel policies or risks losing more manufacturing, Memsa warns

Localisation policies and incentives for manufacturers must be restored and expanded to shield the South African economy from further de-industrialisation, with the closure of steel producer ArcelorMittal South Africa's Vereeniging and Newcastle plants threatening localisation, jobs and the broader industrial economy, says industry organisation the Mining Equipment Manufacturers of South Africa (Memsa) interim CEO Juliana [...]

Rapidly rising half-year output from Northam Platinum’s Eland mine marred by tragedy

In a voluntary production update, Northam Platinum has reported burgeoning half-year performance from the ramping-up platinum group metals (PGMs) and chrome Eland mine. Eland’s chrome concentrate production soared by 113.1% to 115 387 t in the six months to the end of last year, the first half of Northam’s 2025 financial year (H1 FY2025) compared [...]

South Africa seeks asset-control rejig at top fuel-import hub

The State-owned Central Energy Fund (CEF) wants to manage petrochemical assets at the nation’s biggest fuel-storage hub after it bought the country’s largest fuel refinery that’s adjacent to the facility last year. The CEF purchased the 180 000 bl/d Sapref plant from Shell and BP and has asked the National Department of Transport to allow [...]

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