Platinum group metals (PGMs) and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005/share payout on earnings per share of $0.4 c, in accordance with its policy of distributing at least [...]

Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts lasting up to ten hours per day, blaming low water levels [...]

Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world's widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the Nile just north of central Cairo, is a key link in a highway stretching from the Red [...]

The Association of Meat Importers and Exporters (AMIE) and the South African Poultry Association (SAPA) have agreed to lift the veil of secrecy on "confidential" documents on which the protectionist application on chicken imports is based. In a statement in Wednesday AMIE, which had launched the court action, said the move to lift the veil [...]

South African investment firm Long4Life on Wednesday suspended its dividend after spending on share repurchases and posted forecast-beating annual sales, sending its shares up nearly 5%. Long4Life, which invests in the leisure and lifestyle sectors and which reported its first twelve-month period results since listing in 2017, said sales stood at R3.6-billion, topping the average [...]

President Emmerson Mnangagwa on Tuesday night dropped energy and power development minister, Joram Gumbo, amid crippling fuel shortages and power cuts that have rocked Zimbabwe. Gumbo was has been moved to the less prominent portfolio of minister of state for presidential affairs.

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the mine, a joint venture between Russian and Zimbabwean [...]

Energy Minister Jeff Radebe has promised that the update of the Integrated Resource Plan, which reflects the government’s policy blueprint for the power sector, will be concluded "very shortly". He told delegates attending the African Utility Week and PowerGEN Africa forum, in Cape Town, on Tuesday, that the government was still in the process of [...]

South African Nuclear Energy Corporation (Necsa) CEO Phumzile Tshelane has been dismissed from his post and removed from the State-owned organisation’s board. This was announced on Tuesday by Energy Minister Jeff Radebe in a short press release. The decision was made because of the serious charges brought against Tshelane, coupled with a resolution by the [...]

Dual-listed MiX Telematics’ subscription revenue increased by 18% year-on-year to just under R1.7-billion for the financial year ended March 31. On a constant currency basis, subscription revenue increased by 16.3%.

South Africa's Integrated Resource Plan (IRP), which will set out South Africa's future energy mix, would be "concluded imminently", Energy Minister Jeff Radebe said on Tuesday. Speaking at African Utility Week taking place at the Cape Town International Convention Centre, Radebe said the IRP was still the subject of engagement with government's social partners at [...]

MTN Group’s Nigerian unit plans to raise about 200-billion naira ($555-million) this year from a variety of sources including bank loans and bonds to expand operations in its biggest market. The funds will enable Africa’s largest wireless carrier to finance capital expenditure to increase the reach and efficiency of its network in Nigeria, Chief Financial [...]