Although Nationally Determined Contributions (NDCs) are key to decarbonisation, current NDCs only amount to 1 300 GW, or 12%, of the renewable energy capacity needed to meet the objective of tripling renewable energy as set at the COP28 conference. At COP28, nearly 200 countries pledged to triple the world’s renewable power capacity this decade, which is [...]

While dismissing an appeal of a High Court judgment setting aside a right granted to Shell to explore for oil and gas off South Africa’s Wild Coast, the Supreme Court of Appeal (SCA) has suspended the same court’s decision to set aside a renewal of the right until a third and final renewal application is [...]

South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, Toronto Stock Exchange-Venture Exchange company that is advancing an emerging critical metals district in British Columbia, Canada. Johannesburg Stock Exchange-listed ARM, headed by Dr Patrice Motsepe, is now a cornerstone investor in Surge, which owns 100% of the [...]

At its AGM in Dubai, the International Air Transport Association (IATA – the global representative body for the airline industry) reports that global sustainable aviation fuels (SAF) production this year is on track to achieve the predicted 200% year-on-year increase. But IATA also called on governments to implement policy measures to further accelerate the growth in [...]

The global representative body for the airline industry, the International Air Transport Association (IATA), has forecast that African airlines would enjoy a higher net profit margin this year than they did last year. The figures were released at the IATA Annual General Meeting, in Dubai. The association predicted that African carriers would record a net [...]

The Eastern Cape Development Corporation (ECDC) has launched a R50-million blended finance scheme to aid emerging Eastern Cape-based micro, small and medium-sized automotive component suppliers, as well as aftermarket service providers. ECDC CEO Ayanda Wakaba says the focus of the Automotive Operator Blended Finance Scheme is to bridge the funding gaps facing small and medium-sized [...]

A South African appeal court has suspended a previous ruling that halted offshore exploration by Shell along the Wild Coast, court documents showed on Monday. In a widely expected decision, the Supreme Court of Appeal provided a lifeline to oil companies exploring along South Africa's east coast.

Investors braced for further upheaval in South Africa’s financial markets in the wake of last week’s elections that produced no outright winner, with the outcome of ongoing coalition talks remaining highly uncertain. The African National Congress fell short of a parliamentary majority for the first time since it took power three decades ago, as its [...]

South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and imports of R159.1-billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).

The Coega Development Corporation’s (CDC’s) Small, Medium-Sized and Microenterprises (SMME) Development Programme has achieved procurement spend of over R1-billion for the 2023/24 financial year. This achievement equates to 69.42% of the total spend for the year and relates to the overall spend allocated to SMMEs across the organisation’s infrastructure development portfolio, which includes the Department [...]

The Department of Mineral Resources and Energy (DMRE) has confirmed another extension to the bid submission deadlines for the current renewables procurement round, as well as the second battery storage bidding round. The deadline for Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) which had already been moved from [...]

The Department of Mineral Resources and Energy (DMRE) has confirmed another extension to the bid submission deadlines for the current renewables procurement round, as well as the second battery storage bidding round. The deadline for Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) which had already been moved from [...]