Revego Fund Managers, which runs Africa’s first fund focused on primarily investing in operating renewable-energy assets, is seeking new investors as it works toward an eventual listing. The fund manager wants to raise about R3-billion to invest in projects to add to the R2-billion Revego Africa Energy Fund, a so-called yieldco focused on dividend flows, [...]

An employee of State-owned Eskom and a service provider to the utility last week appeared in the Hendrina Magistrate Court, in Mpumalanga, on charges of fraud, with each granted bail of R30 000. It is alleged that, between January and April last year, the service provider supplied five valve stems – stolen from the Hendrina [...]

Platinum and palladium have been spotlighted on day two of Shanghai Platinum Week, where South Africa is well represented by Minerals Council South Africa as well as platinum group metals (PGM) mining company executives. The newly announced ingot and sponge monthly contracts offer a domestic mechanism to hedge price risk and boost the ongoing development [...]

Industry organisation the South African Petroleum Industry Association (Sapia) has reiterated the need for capital investment in local refineries to ensure they can meet the second clean fuels programme in 2027. During a July 8 media roundtable hosted by Sapia, head of strategy Kevin Baart noted that the required capital investment could not be funded with [...]

The South African National Defence Force (SANDF) has announced that the South African Police Service (Saps) is undertaking an investigation, in preparation for an inquest, into the deaths of four SANDF members while on duty in the Orkney district of the North West province. The soldiers were part of Operation Vala Umgodi, directed against illegal [...]

Law firm Webber Wentzel partner Priyesh Daya has been appointed as a member of the International Chamber of Commerce's (ICC’s) International Court of Arbitration for a three-year term starting on July 1. The ICC Court is the world's leading arbitral institution, facilitating the resolution of international commercial and investment disputes.

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and upkeep of key infrastructure, the building of a vibrant local socio-economy, protection of the environment, restoration of game in national parks, and even the [...]

The South African Photovoltaic Industry Association (SAPVIA) has expressed surprise at government’s decision to introduce a 10% import duty and rebate on “photovoltaic cells assembled in modules or made up into panels” in the absence of consultations with domestic consumers. The trade measure has also been implemented ahead of the formal launch of the South [...]

The National Energy Regulator of South Africa (Nersa) plans to appeal a court order issued by the Pretoria High Court in a case brought forward by nonprofit civil rights organisation AfriForum. AfriForum submitted an urgent application to the court to prevent Nersa from proceeding with considerations on licenced electricity distributors’ tariff applications, including municipal and [...]

TotalEnergies plans to exit its discoveries of gas-condensate off the tip of South Africa to prioritize exploration in other areas closer to Namibia, according to people familiar with the matter. The French giant braved one of the fastest ocean currents in the world to drill off South Africa’s coast, spending at least $400 million to find [...]

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. “I think this technology has the potential to be a game changer for the right orebodies,” African Rainbow Minerals (ARM) executive growth Jacques van der Bijl commented to Mining Weekly in a [...]

While industry bodies such as Agri SA and the Minerals Council South Africa have welcomed the Ministerial appointments or reappointments to the departments that concern them, the Road Freight Association (RFA) is less optimistic about the new Cabinet appointments announced on June 30. RFA CEO Gavin Kelly says in a statement issued on July 2 [...]