DA wants department-wide policy on whistleblower compensation
While the Democratic Alliance has welcomed the Department of Trade, Industry and Competition’s approach on compensating whistleblowers who suffer serious losses because of their contribution to cleaning up corruption, the party is calling for a department-wide policy. In a reply to a DA Parliamentary Question, Minister of Trade, Industry and Competition Parks Tau confirmed that [...]
Airlink resumes flights to Nampula
South African domestic and regional airline Airlink has announced that it is resuming flights to Nampula on Thursday. It had suspended flights to the Mozambican destination because of threats that its aircraft could be seized, following an order issued by a local court. The threat of the seizure of the aircraft stemmed from a legal [...]
State Diamond Trader to showcase South Africa’s diamond industry role
South Africa’s State Diamond Trader will be presenting an inaugural diamond show in Cape Town from February 2 to 5. Each day of the 2025 South Africa Diamond Show will focus on themes that include sustainability and ethical sourcing and attention will be called to the value of natural diamonds mined and beneficiated by South [...]
Africa gets new stock market as Ethiopia seeks to woo investors
Ethiopia is opening a stock exchange after a five-decade gap, in its latest step to lure investors to a nation that’s struggling to control regional strife as it recovers from a civil war. Ethiopia Investment Holdings, which controls 40 State-run companies, is selling shares in Ethio Telecom to raise as much as 30-billion birr ($234-million) [...]
Battery minerals demand expected to outpace supply – McKinsey
Demand for battery raw materials will outpace base-case supply for certain materials, requiring additional investment and leading to fear of shortages and price volatility, among other challenges, strategy and management consulting company McKinsey projects. The fast-growing demand for batteries, for example from the automotive and energy sectors, has caused unprecedented levels of investment by raw [...]
Closure of AMSA operations to devastate communities, local manufacturing, warns NUMSA
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 [...]
Municipal debt piles pressure on Eskom’s restructuring efforts
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.
Airlink suspends Nampula flights amid legal dispute
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.
Infrastructure reform key to lift South Africa growth, BER says
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 [...]
RFA encourages careful study of Transnet network statement to avoid snags
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 seeks investment in nuclear power from China
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 [...]
Ministry unpacks latest renewable energy preferred bidder awards
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 [...]