Electricity Minister Kgosientsho Ramokgopa said an anticipated improvement in electricity supply should see him out of a job by the end of 2024. The country, which has been plagued by crippling power cuts, will get an additional 6 000 megawatts of supply from State sources by the end of the year, Ramokgopa told an infrastructure [...]

The latest method of electroluminescence (EL) testing of solar photovoltaic (PV) panels for large plants is a game-changer for business and industry in South Africa, Heather Dugmore writes.

Environmental justice groups groundWork and the South Durban Community Environmental Alliance (SDCEA), represented by the Centre for Environmental Rights (CER), have filed a review application to challenge the decision to uphold an environmental authorisation, granted in November 2022, for the proposed 2 000 MW Phakwe gas power plant in Richards Bay. The groups say the [...]

South African gold producer Aurous, which owns and operates the Blyvoor gold mine and the Gauta tailings retreatment project on Gauteng's West Rand, has announced plans to go public through a business combination with US-based Rigel Resource Acquisition Corp.  The transaction, which puts Aurous at a pre-money equity value of some R6.76-billion ($362-million), is expected [...]

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened its pencil in as far as things that are within its control are concerned and success is being achieved tackling costs, increasing volumes, and managing [...]

JSE-listed paper and plastics packaging business and recycler Mpact recorded a 3.6% year-on-year increase in revenue to R12.8-billion for the financial year ended December 31, 2023. Its underlying operating profit also increased to R1.21-billion, from R1.16-billion in the 2022 financial year. The operating profit increase was primarily as a result of a recovery in margins, and [...]

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to confronting climate change. “Our policies are part of what we call a just and a fair transition,” said Motsepe of the Johannesburg Stock Exchange-listed company, which is engaged in iron-ore, manganese, [...]

Trade, Industry and Competition Minister Ebrahim Patel and a high-level delegation recently completed a four-day working visit to Shanghai, Nanjing and Beijing, in China, during which they met with government officials, investors and a number of Chinese electric vehicle (EV) and battery manufacturers. China is the world’s leading producer of EVs and batteries and is [...]

US Department of State acting deputy assistant secretary in the Bureau of African Affairs David Gainer argued that Zimbabwe’s economic woes are not because of US sanctions, but because of the “gross mismanagement and corruption” of the Zimbabwean government and other actors for the past 20 years. On Monday, US President Joe Biden signed an [...]

Johannesburg- and London-listed paper and packaging giant Mondi has reached an agreement in principle on a proposed £5.1-billion merger with London-listed sustainable packaging company DS Smith. Under the terms of the proposed merger, Mondi shareholders would own 54% of the enlarged Mondi group and DS Smith shareholders 46%.

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of R6 a share is well down on the R14 a share declared in the corresponding period of last year.

Infrastructure Fund chief investment officer Mohale Rakgate has reported that various strategic projects identified through government, and in previous Sustainable Infrastructure Development Symposium South Africa (Sidssa) fora, are reaching an advanced stage, stating, “we have a pipeline of advanced projects to the value of R70-billion that are ready for market”. He was speaking at a [...]