Dairy firm Clover Industries’ JSE-listed shares rose by 21% on Monday morning after it announced that it had entered into an implementation agreement with Milco South Africa (SA), which intends to make an offer to acquire all of Clover’s issued shares. Milco SA is a new company formed by a consortium of international investors, black-controlled [...]

Green shoots are sprouting in South Africa’s mining sector, which is readying for new take off, Minerals Council South Africa CEO Roger Baxter said on Monday. In a briefing on the State of the Mining Nation on the sidelines of the opening day of the Investing in African Mining Indaba, Baxter told journalists that significant [...]

Economic Freedom Fighters (EFF) leader Julius Malema and Public Enterprises Minister Pravin Gordhan will face off in the Equality Court today following Malema's scathing attack on the Public Enterprises Minister. This comes after Malema addressed a crowd of EFF supporters outside the Commission of Inquiry into State Capture chaired by Justice Raymond Zondo in November, [...]

South Africa's struggling power firm Eskom has agreed a R15-billion loan facility with a consortium of local and international banks, it said on Friday, an important step as it tries to close a funding gap before the end of March. Eskom is vital to the health of Africa's most industrialised economy as it supplies more [...]

State-owned electricity producer Eskom has offered a sobering update on the difficulties it is having at its Medupi and Kusile coal projects, which are not only years behind schedule and significantly over budget, but are now also beset with technical defects that are resulting in a serious underperformance of the four units that have entered [...]

State-owned electricity producer Eskom has offered a sobering update on the difficulties it is having in at its Medupi and Kusile coal projects, which are not only years behind schedule and significantly over budget, but are now also beset with technical defects that are resulting a serious underperformance of the four units that have entered [...]

The head of a judicial panel probing corruption in South Africa directed the authorities to investigate allegations that almost R1-billion was paid to services company Bosasa to provide catering in the nation’s prisons without it doing the requisite work. “There was no labor from Bosasa, it was the inmates that cooked,” Dennis Bloem, who chaired [...]

LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at $1.75-billion, the cement maker said on Friday. Proceeds from the sale to Semen Indonesia will be used to pay down LafargeHolcim's debts, the company said. LafargeHolcim held 80.6% in the business, giving it $1.41-billion from the sale.

Botswana’s Minister of Transport and Communications, Dorcas Makgato, has revived the need for a new heavy haul railway linking Botswana’s Mmamabula area with South Africa’s Lephalale coalfields.   Makgato said the project aimed to link coal deposits in both areas with South African heavy haul lines. It could be a gateway to South African ports [...]

A gleaming new bridge in West Africa is transforming transport between Gambia and Senegal, but spells disaster for traders making a living off travellers making the agonising wait to catch a ferry across the Gambia River. Gambia is a sliver of land on either side of the river cutting through the middle of the much [...]

Stellenbosch University (SU) has started construction on a Biomedical Research Institute (BMRI), to be based at the Faculty of Medicine and Health Sciences (FMHS). The university believes the R1-billion facility, which will be completed in 2022, will be “one of the most innovative and advanced biomedical research centres in Africa”.   “The BMRI is set [...]

South Africa's trade balance recorded a surplus of R17.17-billion in December from a revised R3.29-billion surplus in November, official data showed on Thursday. Exports fell by 13.4% on a month-on-month basis to R102.75-billion in December, while imports decreased 25.8% to R85.58-billion, the South African Revenue Service data showed.