Egypt is pushing ahead with plans to build a nuclear power station. The country’s Nuclear and Radiological Regulatory Authority (ENRRA) has approved the site of Al Dabaa in the first step of the licensing process required to build a nuclear station, Al Monitor reported on Tuesday. ENRA is responsible for overseeing nuclear activity in Egypt and ensuring [...]

Johannesburg Mayor Herman Mashaba said he is looking forward to seeing cranes across the inner city within six to eight months when construction on more than 20 developments worth around R20 billion is set to begin. Mashaba was accompanied by the MMC for Economic Development Leah Knott, and MMC for Development Planning Reuben Masango, as [...]

Anadarko Petroleum plans to resume talks about a potential $38-billion takeover by Occidental Petroleum, a move that threatens to scupper a previously agreed deal with Chevron Corp. In a unanimous decision, Anadarko’s board of directors determined the Occidental bid "could reasonably be expected to result in a superior proposal," the company said in a statement [...]

The cost of damage to various parts of KwaZulu-Natal following last week's heavy rains and localised flooding has run into billions of rand, Premier Willies Mchunu said on Monday. "The estimated damage currently stands at R1.1-billiolnn with the eThekwini damage alone estimated at over R685-million. Railways, roads, houses full of furniture and personal possession were [...]

Kenya has secured 67.5-billion shillings ($666-million) in funding from China to build a data centre in a tech city currently under construction and a highway in Nairobi, the president's office said on Friday. Kenya has turned to China over the past few years for funds, technology and equipment to develop its infrastructure, including its biggest [...]

Ncondezi Energy has entered into the final phase of negotiations with its strategic partners, China Machinery Engineering Corporation (CMEC) and General Electric South Africa (GE SA), to sign a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in Tete, Mozambique. The company on Monday also reported in [...]

The European Investment Bank (EIB) has signed an €82-million, or 1.3-billion Lesotho Maloti, loan for the Lesotho Lowlands Water Development Project Phase 2 (LLWDP 2). The project aims to improve access to clean water in four priority areas of the Lesotho lowlands. LLWDP 2 is the second phase of the Lesotho Lowlands Water Supply Scheme [...]

Transnet is installing a new iron-ore tippler at the country’s main iron-ore export line in order to sustain its current output of 60-million tonnes a year, officials said on Friday at its Saldanha port terminal. The R3-billion project, which includes infrastructure such as a conveyor belt leading to the port, railway tracks and three bridges, [...]

JSE-listed retail property fund EPP has successfully completed an equity raise of R1.45-billion, or €90-million, to fund tranche 2 of its M1 portfolio acquisition. The company expects to complete the transaction by June.

Industrial group Barloworld is optimistic that qualifying black South Africans will respond positively to its offer to buy a maximum of 30% of the shares available in a new black-owned property company, called Khula Sizwe Property Holdings, being created as part of a larger R3.5-billion broad-based black economic empowerment (BBBEE) transaction. The property component of [...]

South African Reserve Bank subsidiary South African Mint Company has launched an “SA25 – Celebrating South Africa” coin series, which commemorates the rights and freedoms espoused by the country’s Constitution. This week, 25 years ago, South Africa held its first democratic elections. The SA Mint is issuing the new collectable coins in base metals, sterling [...]

Boeing's earnings missed analysts estimates for just the second time in five years as executives grapple with one of the worst crises in the planemaker’s century-long history. The manufacturer abandoned its 2019 financial forecast as it deals with the aftermath of two deadly crashes of its 737 Max aircraft, according to a company statement Wednesday. [...]