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 [...]

In one of the most important merger and acquisition deals in the global aerospace sector in years, US-based Boeing has announced that it is acquiring another large US group, aerostructures manufacturer Spirit AeroSystems (Spirit), in an all-share deal valued at some $4.7-billion.  Including the last reported net debt of Spirit, the total value of the [...]

Pemmy Majodina has been appointed Water and Sanitation Minister, replacing Senzo Mchunu, who has been named as Police Minister, as South Africa’s seventh administration is formed. David Mahlobo retains his position as Water and Sanitation Deputy Minister, while Isaac Seitlholo replaces Judith Tshabalala, who moved to Deputy Minister of Mineral and Petroleum Resources.

JSE-listed packaging producer Nampak has achieved headline earnings of R267-million for its total operations for the six months ended March 31, compared with a headline loss of R342-million for the comparable six-month period in the 2023 financial year. Loss from total operations for the period was R93-million, compared with a loss of R2.49-billion in the first half-year period [...]

South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has hihglighted. This major event will occur amid the growth in demand for platinum group metals (PGM) applications in China being extremely high, which makes detailed access [...]

In the grand tapestry of international commerce, Africa’s 55 nations have stood as individual threads rather than a unified fabric of economic opportunity. But a new era of collaboration being ushered in by the African Continental Free Trade Area (AfCFTA) Agreement promises to harness the continent’s vast potential and foster economic prosperity for its people. [...]

The Mthatha Specialised Commercial Crime Court has sentenced a man to five years in prison, wholly suspended for five years, for falsely representing himself as an Eskom contractor to the residents of Marhambeni, in Mthatha, and tampering with Eskom’s infrastructure. The man was hired by residents to connect electricity, for which he received R120 000 in [...]

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is submitted and the applicant receives communication from one source. “That’s a process that needs to take place as quickly [...]

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of South Africa (Natref). The tribunal has approved the proposed transaction subject to conditions, which involve historically disadvantaged persons transactions and capital expenditure commitments.

South Africa achieved its first primary budget surplus in 15 years as it took a stern approach to funding State-owned companies that have drained government finances. Africa’s most-industrialised economy posted a primary surplus — when revenue exceeds non-interest expenditure — of R31.6 billion or 0.4% of gross domestic product in the year through March 2024, [...]