The National Union of Metalworkers of South Africa (NUMSA) has raised alarm over troubled steelmaker ArcelorMittal South Africa’s (AMSA’s) decision to shut down its Newcastle and Vereeniging Works, warning that the closures would “spell disaster” for local communities and the country’s manufacturing sector. NUMSA secretary-general Irvin Jim said the closures would be a blow to [...]

Billions of rand that South African municipalities owe Eskom are hindering the State-owned power utility’s plan to restructure and separate its distribution unit, according to chairperson Mteto Nyati. South Africa’s municipalities owed Eskom R95.4-billion by November as they struggle to collect revenue from customers and available funds are sometimes misappropriated after years of mismanagement.

South African airline Airlink on Tuesday suspended all flights to and from Nampula, Mozambique, citing the risk of its aircraft being seized. Passengers booked on the affected flights can receive a full refund, or be rerouted via the carrier’s other destinations in Mozambique, namely Maputo, Beira or Vilanculos.

South Africa must invest R200-billion to revive its frayed railways, half that amount again to upgrade water infrastructure, and tackle bottlenecks in both electricity and governance to achieve an economic growth target above 3% a year. That’s according to the Bureau of Economic Research at Stellenbosch University, which warned that without this spending, the economy [...]

Following Transport Minister Barbara Creecy’s approval of the publishing of the Transnet network statement, which facilities open access to South Africa’s rail network by third-party operators, the Road Freight Association (RFA) has raised concerns about potential challenges that could arise for prospective participants. RFA CEO Gavin Kelly points to the possibility of disputes, drawing parallels [...]

Namibia, one of the world’s largest uranium producers, is seeking investment from China in nuclear power to boost its role in the global push to clean energy. “We want to add value to our uranium for the peaceful development of nuclear energy,” President Nangolo Mbumba said Monday during a meeting with Chinese Foreign Minister Wang [...]

The Ministry of Electricity and Energy has unveiled the preferred bidders for Bid Window 7 (BW 7) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), naming eight preferred bidders for projects with a combined contracted capacity of 1 760 MW. Infinity Power Holding secured six projects, while Mulilo Renewable Project Developments and Scatec Solar [...]

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF. Hydrogen companies worldwide are already struggling with canceled projects and sluggish demand. In the US, [...]

South African state-owned logistics group Transnet has reported a wider loss of R2.2-billion in the six months to September 30 on higher costs and operational challenges. Transnet made a loss of R1.6-billion during the same period last year.

South Africa is poised for Chinese investment in its $27-billion automotive industry after the President signed a tax break for the production of so-called new-energy vehicles into law. Three Chinese automakers have already signed non-disclosure agreements with the Automotive Business Council, CEO Mikel Mabasa said, declining to identify them.

The National Treasury, on December 20, published the local government revenue and expenditure report for the first quarter period from July 1 to September 30, which showed that aggregate spending by municipalities was 21.6%, or R140.4-billion, of the total adopted expenditure budget of R649.9-billion for the financial year ended February 2025. Aggregated billing and other [...]

A family trust linked to Koos Bekker — one of South Africa’s richest people — sold about €156-million of shares in Internet investing giant Prosus to fund building operations at hotels in South Africa, the UK and Italy. The trust associated with the billionaire who chairs the company sold 3.9-million shares over three days this [...]