A study commissioned by Greenpeace Africa recommends that State-owned Eskom, as part of its reform, gradually spin out its coal-fired power generation activities to new generation companies that will operate the power plants for the remainder of their operating lives. Greenpeace had commissioned energy economist Professor Dr Uwe Leprich to compile the study, titled ‘Eskom: [...]

Electricity from a planned coal-fired plant in Lamu, Kenya might cost ten times as much as its developers suggest, according to an energy group that wants the project canceled. The plant, which will require an estimated $2-billion investment, is projected to be able to produce 1 050 MW of electricity. The project is 51% owned [...]

President Cyril Ramaphosa on Monday commended the contribution of the International Labour Organisation for the contribution and impact it has made to work and the lives of workers in its 100 years of existence. Ramaphosa said that the ILO played a pivotal role during South Africa’s struggle for democracy, justice and worker’s rights, citing the [...]

Aim-listed Bushveld Minerals’ 84%-owned Bushveld Energy subsidiary has enabled the successful deployment of a vanadium electrolyte rental product in industrial-scale batteries developed and sold by Avalon Battery Corporation of Fremont, California. Bushveld Energy and Avalon worked together to structure and design the rental product.

Business Leadership South Africa on Monday said it condemned what it called “deliberate attempts” to undermine the South African Reserve Bank’s legitimacy and called out the African National Congress for threatening to collapse the country’s economy. BLSA said in a statement that the ANC seemed to be at war with itself and added that the [...]

The SA SME Fund, created in 2016 by big business to support entrepreneurs and help established small firms expand, is planning to set up a R150-million university technology fund to support the commercialisation of intellectual property developed at South Africa’s tertiary institutions. The R1.4-billion fund has already made firm commitments valued at R725-million, with about [...]

Environmental justice group GroundWork and community organisation Vukani Environment Justice Movement in Action have launched “landmark litigation”, demanding that government clean up the air in the Mpumalanga Highveld. GroundWork and Vukani on June 7 served papers to the High Court, asking that President Cyril Ramaphosa, the National Air Quality Officer and Environment, Forestry and Fisheries [...]

Europe-focused retail property owner NEPI Rockcastle (NEPI) has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from June 19. NEPI is a FTSE JSE Top 40 constituent with a market cap of over R72-billion.

The South African boat building industry, currently worth well over R1-billion annually, holds enormous potential for the country's economy, the City of Cape Town said on Sunday. In a statement following the South African Boat Builders Export Council’s (SABBEX) annual industry awards and dinner held on Thursday, mayoral committee member for economic opportunities and asset [...]

Vladimir Putin has made no secret of his intention to return Russia to its previous glory as a world power by all means available to him, not least of which has been military aggression such as in Crimea. But on the African continent, where Russia has no colonial hangover like Europe or the suspicion that [...]

JSE-listed petrochemicals company Sasol announced on Friday that its subsidiary Sasol Financing USA had entered into new US dollar-denominated senior unsecured credit facilities, comprising a $1.6-billion term loan facility and a $150-million revolving credit facility. The facilities have a tenor of five years and will be used to refinance the outstanding Lake Charles Chemical Project [...]

President Cyril Ramaphosa should be very concerned that his own reassurances regarding the South African Reserve Bank (SARB) mandate was met with apparent skepticism by the currency markets, political analyst Daniel Silke told Fin24 on Friday. "What is really troubling for Ramaphosa today - other than the utter disunity on economic policy in his own [...]