The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two multilateral lenders are backing a program called Mission 300 that aims to bring electricity to 300-million Africans by 2030 with a pledge of $30-billion [...]

Transport Minister Barbara Creecy has called airline FlySafair's request for an urgent Ministerial exemption from a disputed legal provision of the Air Service Licensing Act "premature". She has, however, instructed her department to seek legal advice from its senior counsel on the airline’s application for Ministerial exemptions within the context of the processes that are unfolding.

A new International Energy Agency (IEA) report argues that nuclear capacity could double to 870 GW by 2050 in light of renewed interest in the building of new nuclear plants, including small modular reactors (SMRs), as well as in extending the lifetimes of existing power stations. Nevertheless, the technology’s share of global electricity generation is [...]

Cement group PPC has signed a memorandum of agreement (MoA) with cement equipment and engineering company Sinoma Overseas Development Company for the construction of a new R3-billion low-carbon plant in the Western Cape. The parties inked a strategic cooperation agreement in July last year to collaborate on identifying new projects and opportunities to improve efficiencies [...]

On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the landscape. As workers dodge cement mixers and construction site scaffolding, bulldozers widen the road linking the province of Gauteng to the eastern port city of Durban. Similar scenes are playing out [...]

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 [...]

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.

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 [...]

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 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 [...]

The final 25 units at the new BlackBrick Gardens development in Cape Town’s Lower Gardens will be put up for sale on February 5. Located on Roodehek street, BlackBrick Gardens represents a R1-billion investment by a group of private developers who have confidence in the future of the neighbourhood.

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 [...]