The National Treasury has successfully raised nearly R11.8-billion through South Africa’s inaugural Infrastructure and Development Finance Bond, marking a major step in financing priority public infrastructure projects. It reported on December 9 that the auction had attracted strong market interest, with bids exceeding R26-billion and achieving a 2.2-times subscription rate.

The Cape Winelands Airport has appointed Wilson Bayly Holmes-Ovcon (WBHO) to take responsibility for the technical development and construction of its new R8-billion airport, set to be built in Cape Town. The aviation hub will be constructed on the site of the Fisantekraal Airfield, which was established in 1943 as a Lockheed Ventura bomber base [...]

The global representative body for the airline industry, the International Air Transport Association (IATA), has issued its financial outlook for the sector for next year. It is expected that airline profitability will stabilise, despite the continuation of supply-chain issues. “Airlines are expected to generate a 3.9% net margin and a $41-billion [net] profit in 2026,” [...]

Ahead of the interviews to determine the next National Director of Public Prosecutions (NDPP), prominent think tank the Centre for Development and Enterprise (CDE) wants the advisory panel appointed by President Cyril Ramaphosa to rigorously interrogate the six shortlisted candidates. The panel handling the selection process, chaired by Minister of Justice and Constitutional Development Mmamoloko [...]

Quadcopters, electromagnetic rifles and an AI-powered navigation system were among the wares displayed at one of Africa and the Middle East’s biggest arms expos, as defence companies jostle to break into regional markets increasingly defined by drone warfare.  Cheap, deadly "unmanned aerial vehicles," or UAVs, have been rapidly developed in the war in Ukraine and [...]

JSE-listed packaging company Nampak increased its revenue for the financial year ended September 30, by 8% year-on-year, while trading profit increased by 26% and trading margin improved to 12.3% from 10.5% in the 2024 financial year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the metals segment was R1.6-billion, while the Ebitda of the [...]

International air transport sector-owned technology company SITA and global private sector travel and tourism industry non-profit promotion entity, the World Travel & Tourism Council (WTTC), have issued a joint report on how countries could use the latest technologies and forward-looking digital visa policies to provide seamless travel while maintaining security. The report was entitled “Better [...]

The Association of Mineworkers and Construction Union (AMCU) has re-elected Joseph Mathunjwa as president of the organisation for another five-year term, alongside a new national executive committee. During AMCU’s 2025 national congress, trade union officials adopted seven strategic resolutions with the aim of strengthening worker mandates, organisational renewal and economic justice.

South Africa raised $3.5-billion in a sale of dollar bonds that attracted demand for almost four times that amount, the latest sign of investors flocking to the nation’s financial assets. Africa’s most industrialized economy priced $1.75-billion each of 12- and 30-year bonds at yields of 6.25% and 7.375% respectively on Thursday, according to a person [...]

The new Qala Shallows gold mine is not only a milestone for West Wits Mining but also for South Africa's mining industry, the South African economy, and the communities that will share in the opportunities created here, Minerals Council South Africa CEO Mzila Mthenjane highlighted at the official opening of South Africa’s first underground gold [...]

Engineering News editor Terence Creamer discusses rail company Traxtion's announcement of a R3.4-billion investment in locomotives and wagons to begin operating on South Africa’s mainline freight network, as well as the significance of this investment.

Vodacom Group has entered into an agreement with Kenya’s government to acquire 15% of Safaricom and an additional 5% from Vodafone at KES34 a share, in a deal valued at $2.1-billion, or R36-billion. This will increase Vodacom’s stake in Safaricom – which will remain listed on the Nairobi Stock Exchange – from 35% to 55%, [...]