Brimstone Investment Corporation will exit a deal led by an Israeli company to buy a stake in South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group. The investment holding firm is in “advanced talks” with a replacement shareholder that could see it exiting its entire shareholding in Milco SA – the entity [...]

Business Unity South Africa (Busa) president Sipho Pityana on Thursday said the organisation would convene a Small Business Working Group to obtain the view of small and medium-sized enterprises (SMEs) to further determine the challenges facing the SME sector and seek solutions to those challenges. In this regard, Busa would work with entities such as [...]

Precious metals mining company Sibanye-Stillwater announced on Thursday that it had entered into an agreement to presell gold to Citibank for R1.75-billion ($125-million). This follows Wednesday’s raising of a similar amount on the sale of 5% of the issued shares of the Johannesburg- and New York-listed, which has R10-billion ($700-million) in undrawn facilities.

South African President Cyril Ramaphosa’s plan to split the State-owned power utility into generation, distribution and transmission divisions will take longer than the government has to revive the business, according to Goldman Sachs Group. Eskom Holdings is focusing on trying to avoid implementing power cuts through the year, as it attempts to fix ageing power [...]

Sasol appointed Sipho Nkosi to its board and said the former coal-industry executive will become chairperson in November when Dr Mandla Gantsho steps down. The change of leadership comes during a vital year for Sasol, as the South African fuel and chemical manufacturer nears completion on its $11.8-billion Lake Charles project, in the US, an [...]

Japanese vehicle manufacturer Nissan will invest R3-billion to prepare its Rosslyn plant, in Pretoria, for production of the Navara pickup.  Assembly will start in November 2020, and will add to current production of the NP300 one-ton bakkie and NP200 half-ton bakkie, which is set to continue.

Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has signed a project preparation finance facility agreement with the Development Bank of Southern Africa for $1-million, which will be used for the development of the Imaloto project, in Madagascar. The loan will enable Lemur to reach financial close on the project, which is an integrated [...]

Aim-listed Bushveld Minerals’ coal and energy subsidiary Lemur Holdings has signed a project preparation finance facility agreement with the Development Bank of Southern Africa (DBSA) for $1-million, which will be used for the development of the Imaloto project, in Madagascar. The loan will enable Lemur to reach financial close on the project, which is an [...]

Inspiring Fifty has called for South Africans and those in the technology ecosystem to nominate their most inspiring female role models for this year’s Inspiring Fifty South Africa – a nonprofit initiative that benchmarks and awards the 50 most inspiring women in science, technology, engineering and maths. To meet the criteria, a nominee must be [...]

Inspiring Fifty has called for South Africans and those in the technology ecosystem to nominate their most inspiring female role models for this year’s Inspiring Fifty South Africa – a nonprofit initiative that benchmarks and awards the 50 most inspiring women in science, technology, engineering and maths. To meet the criteria, a nominee must be [...]

Murray & Roberts (M&R) has announced that an arbitral award has been issued in relation to a dispute between the Al Habtoor M&R Takenana (HMRT) joint venture (JV) and Dubai Civil Aviation (DCA) regarding a construction contract at the Dubai International Airport. The Dubai International Arbitration Centre tribunal in its award, announced on April 3, [...]

The best lever to stimulate platinum demand is platinum jewellery promotion, which provides the best return “by a country mile", Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking at the Platinum Group Metals (PGMs) industry day, Griffith said that the work done by the platinum jewellery promoting organisation, Platinum Guild International, had proved [...]