JSE-listed consumer goods distributor Massmart Holdings on Thursday reported a 2.9% year-on-year increase in sales to R90.9-billion for the year ended December 31, 2018. Its South African stores generate 91.3% of group sales.

France's Total and partners will resume drilling at the Brulpadda prospect offshore South Africa in December, a minority partner in the field said on Wednesday. Brulpadda, in Block 11B/12B, is a gas condensate discovery that could hold total resources of 1 billion barrels of oil equivalent, Total said on Feb. 7.

Shareholders will lose more than $750-million a year for every year that the merger with Newmont is delayed, Barrick said on Thursday. Barrick calculates that there is potential to unlock more than $5-billion of real synergies from the Nevada mines alone and $7-billion overall.

The R3-billion-plus redevelopment of Barlow Park Precinct, a co-investment between Barloworld, Atterbury Property and African Rainbow Capital, will start in May, Atterbury confirmed in a statement on Thursday. Each party will hold one-third of the property.

A higher platinum group metals (PGMs) rand basket price boosted by increases in palladium, rhodium and nickel resulted in an laudable operational and financial turnaround by Impala Platinum (Implats) in the six months to end December, when earnings before interest tax depreciation and amortisation rose 112% to R5.90-billion. A year ago, Implats had a vulnerable [...]

Former Glencore chief executive Clinton Ephron has told the Zondo commission into state capture that he was devastated when former Eskom CEO Brian Molefe told him Eskom would not be updating the company’s contract with the power supplier. Ephron took to the stand on Wednesday and was widely expected to delve into the extra-ordinary levels [...]

NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, is expected to make a loss this year of R224-million, in comparison to profits of R108-million last year and of R184-million in 2017. This was stated in a written reply to a Parliamentary question by Energy Minister Jeff Radebe. Safety concerns disrupted [...]

Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonne of iron-ore supply has been withdrawn from the market.

The city of Cape Town said on Tuesday it was asking the North Gauteng high court to treat a pending court matter between itself, the energy minister and the National Energy Regulator of South Africa regarding electricity procurement as urgent. Cape Town wants itself and other municipalities across South Africa to purchase cleaner energy directly [...]

Transport Minster Blade Nzimande on Tuesday revealed that the R3.5-billion set aside for transport under the Economic Stimulus and Recovery Plan would be used to supplement funding in three key focus areas, namely the N2 Wild Coast road (N2WCR) upgrades, in the Eastern Cape, the N3 upgrades, in KwaZulu-Natal and the Moloto road upgrades, in [...]

Given the landscape in South Africa, where project opportunities are expected to remain scarce until energy policies are finalised, engineering, procurement and construction (EPC) company Lesedi Nuclear Services has had to expand its service offering into other markets in Africa. Lesedi business development executive Shane Pereira told Engineering News Online on the sidelines of Africa [...]

Cape Town Mayor Dan Plato has announced that more than R4-billion has been allocated to formalising informal accommodation, such as informal settlements and backyard dwellings. Plato said R713-million of the R4-billion mentioned has been earmarked for investment in backyarder service provision and the informal settlements upgrade programme. A budget of R150-million for the delivery of [...]