Following 58 mine workers dying in South Africa in 2018, Kumba Iron Ore CE Themba Mkhawanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse. Mkhwanazi said at the company’s presentation of 2018 that the tragedy brought [...]

The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News Online on Tuesday that the bank was not [...]

Solar-generation microleasing platform Sun Exchange on Tuesday announced that it had signed an agreement with Johannesburg-based boutique clean energy fund manager Decentral Energy, said Sun Exchange founder and CEO Abe Cambridge. The agreement gives Decentral’s Grovest Energy, an Income Tax Act Section 12J fund, first right of refusal to fund 51% to 100% of selected [...]

The Saldanha Bay Industrial Development Zone has concluded investment agreements, which bring the total of signed investors to eight and the investment value to just over R3-billion. This investment includes five international investors from the United Kingdom, Europe, the Middle East and elsewhere in Africa, with the rest being local South African companies. 

Product-improving  Kumba Iron Ore generated hefty operational cash flow, paid a competent final 2018 cash dividend, pressed on with exploration in a new area and supported the creation of 2 600 new jobs in the local community, during a fatality-free, safety-boosted year, characterised by higher prices for its products, better logistics and flourishing cooperation with State [...]

Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and innovation, investing in its own portfolio to deliver industry-leading cash flows and investing [...]

Former Eskom CEO Brian Dames said in order to maintain a high standard of ethics, he stepped down from the presidential task team on Eskom when a perceived conflict of interest arose. Dames was speaking alongside SA billionaire Patrice Motsepe at a briefing at the African Energy Indaba held in Sandton on Monday.

It is vital that Africa has a clear and cohesive vision in place for how it plans to use its gas reserves, says New Partnership for Africa's Development Business Foundation senior project manager John Rocha. Speaking at the Africa Gas Forum, on Monday, he pointed out that African countries have proven natural gas reserves of [...]

Struggling State-owned airline, South African Airways (SAA) is to break into three business units as part of a restructuring plan, its CE Vuyani Jarana said on Monday. Jarani said the firm – which has not made a profit since 2011 and was given a R5-billion bailout last year to shore up its balance sheet – [...]

The Johannesburg Roads Agency (JRA) will be closing the M2 motorway between the Crown interchange and Martizburg street to allow for bridge rehabilitation to resume. The road closure will be in effect from 06:00 on February 28 until the end of October.

The deaths of two mineworkers at the Amandelbult mine marred an outstanding performance by Anglo American Platinum (Amplats), which has paid out a total of R3-billion cash in dividends for the 12 months to end December, recorded record production from the Mogalakwena, Unki and Kroondal mines, generated free cash flow of R5.6-billion, increased capital expenditure [...]

Paper and packaging company Mondi said on Friday it expected earnings before interest, taxes, depreciation, and amortization for the year ended December 31 to be above that of the comparable prior year period of €1.48-billion. Mondi, which will release its results on February 28, said special item net charges after tax for the year would be around [...]