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

Saps investigating the non-violent deaths of four SANDF soldiers at an Orkney mine shaft

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 [...]

Priyesh Daya appointed to ICC International Court of Arbitration

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.

Renewables component of DRC gold mine’s energy mix to hit 85% next year

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 [...]

Decision to impose duties on PV modules met with mixture of surprise and support

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 [...]

Nersa plans to appeal High Court ruling in AfriForum ‘unlawful’ tariff increase case

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 South African offshore gas finds

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 [...]

High hopes for potentially game-changing technology at platinum group metal mines

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 [...]

RFA concerned about lack of transport experience with new Ministers at DoT

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 [...]

Major restructuring in global aerospace sector confirmed – Boeing, Airbus, absorb Spirit

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 [...]

Majodina named Water and Sanitation Minister

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.

Nampak sees turnaround in first-half performance

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 [...]

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