Municipal debt remains one of Eskom’s biggest challenges, says Eskom CFO Calib Cassim. “At the end of March, we were sitting at around R75-billion of municipal arrears owing to us. That has grown in the last financial year in the region of R15-billion.

A simulation model developed by a team at the Council for Scientific and Industrial Research (CSIR), in Pretoria, is being used as a tool to improve the flow of trucks on the N4 road corridor. These trucks, mostly loaded with export minerals, travel from the mines in the North West, Mpumalanga and Limpopo provinces to [...]

Cape Town was really taking the lead in the green energy transition, affirmed the city’s Mayoral Committee Member for Economic Growth, Alderman James Vos, on Tuesday. He was opening the Western Cape trade, tourism and investment promotion agency Wesgro’s Green Hub pavilion at the Enlit Africa 2024 exhibition, in the Cape Town International Convention Centre. [...]

There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration regulation. “Pen was put to paper yesterday,” opening discussion chairperson and NSDV [...]

Engen and Vivo Energy have confirmed the completion of a transaction, announced in February 2023, to combine their respective businesses, with PETRONAS selling its 74% shareholding in Engen to Vivo Energy. The Vivo Energy Group now has over 3 900 service stations, and more than two-billion litres of storage capacity across 28 African markets and [...]

Microsoft and the Department of Trade, Industry and Competition (dtic) on Tuesday entered into an empowerment agreement to unlock programmes to support skills and capability development, as well as enterprise development for youth and small, medium-sized and microenterprises (SMMEs). The agreement provides for a significant investment, estimated at R1.3-billion, by Microsoft South Africa over the [...]

South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is the co-development of a [...]

The Eswatini government has, through Absa Bank, recently issued a R4-billion bond programme on the JSE's debt board. This new issuance is the latest bond to list under the Protea Bonds segment, which includes rand-denominated bond issuances by foreign governments on the JSE.

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new currency is anchored on gold production, we have to determine ways to increase production,” Chitando said Monday in a meeting with miners in the [...]

With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business Intelligence’s ‘Innovating process heat supply: Power to heat and thermal storage’ webinar, [...]

A specialist expert mission of the International Atomic Energy Agency (IAEA) is currently in Uganda to undertake a review connected with the East African country’s nuclear energy ambitions, specialist news agency World Nuclear News reports. Uganda plans to construct 24 000 MWe of nuclear energy capacity, and has selected Russian and South Korean companies to each [...]

Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a 1.5% profit margin contraction from 11.6% to 10.1% dampened results. Despite the group’s carefully managed cost base, the operating profit margins were negatively [...]