The Department of Public Enterprises says that power utility Eskom’s multi-billion rand loan facility with the China Development Bank is not in jeopardy, despite concerns sparked by a delay in the release of a R7-billion tranche of funds last month. The bank was meant to release the funds - part of a larger R35-billion facility [...]

The Albertina Sisulu Corridor – which links the Johannesburg central business district, OR Tambo International Airport and Pretoria – is benefitting from the establishment of public-private partnerships (PPPs) and infrastrucutre investments, designed to facilitate the implementation of the 30-year Ekurhuleni Aerotropolis (EA) Master Plan. The EA is expected to generate a socioeconomic impact of around [...]

Diversified miner Anglo American has stepped up as a founding donor to the World Bank’s Climate Smart Mining Facility. In a statement, the company indicated that this was the first-ever fund dedicated to making mining for metals and minerals a more sustainable practice that complements the energy transition.

The Western Cape's trade promotion agency Wesgro said on Thursday it had helped secure R4.98-billion in trade declarations on behalf of the province and its capital Cape Town during the 2018/19 financial year. Wesgro says its international trade team also assisted in landing R381-million in outward foreign direct investment into the rest of Africa by [...]

The South African Revenue Service on Wednesday formally welcomed Edward Kieswetter to his new role as the Commissioner of the revenue collector. Kieswetter commenced his duties on Wednesday, replacing disgraced erstwhile Sars boss Tom Moyane, who left behind a broken tax collection agency and a multibillion-rand revenue shortfall.

A Dutch court said on Wednesday it has jurisdiction to hear a damages suit brought against Royal Dutch Shell by four widows of activists executed by the Nigerian government in 1995. In a preliminary decision, judges at the Hague District Court said they would allow the suit to go forward, a rare win in a [...]

Railway engineering company TMH Africa earlier this month unveiled its 45 000 m2 rolling stock manufacturing facility, in Boksburg, in Gauteng. The facility will manufacture and assemble rolling stock, refurbish old locomotives and provide maintenance services. Marleny Arnoldi was at the launch.

The National Union of Mineworkers (NUM) has called for greater attention to be given to the reskilling of Eskom workers “so that they can be absorbed” into clean-energy technology work opportunities. In a statement released following a meeting of its national executive committee in Gauteng, the NUM continue to express misgivings over independent power producers [...]

Warren Buffett’s Berkshire Hathaway will invest $10-billion in Occidental Petroleum to help the oil producer in its $38-billion bid for Anadarko Petroleum. Berkshire will receive 100 000 shares of preferred stock in Occidental, according to a statement Tuesday. Buffett’s intervention, which is contingent on the deal for Anadarko closing, comes a day after Anadarko agreed [...]

The South African National Roads Agency Limited (Sanral) on Tuesday welcomed a ruling by the North Gauteng High Court to deny an appeal against a decision that confirmed the road agency’s decision to proceed with the construction of the N2 Wild Coast Road (N2WCR). In an earlier judgment, Judge Cynthia Pretorius “found unambiguously in favour” [...]

South African environmental groups have challenged the government’s decision to grant permission for a water project which aims to supply developments for its future coal reserves. Authorizing a part of the Mokolo Crocodile (West) Water Augmentation Project, which would pump water to the coal-rich Waterberg region, is unlawful because the development “must be socially, environmentally [...]

City of Johannesburg Mayor Herman Mashaba intends to negotiate a contract with independent coal-fired power station Kelvin near OR Tambo International Airport as a possible solution for the City's rolling blackouts.  During his State of the City Address delivered in Braamfontein on Tuesday, Mashaba said Johannesburg's dependence on Eskom for its power is a disaster [...]