Industry organisation the South African Cane Growers Association (SA Canegrowers) says that, following the disbursement of transformation funding this month, the sugar industry has met its objective of investing more than R1-billion in transformation funding over five years. The funding has been critical in sustaining the livelihoods of more than 21 000 small-scale growers and [...]

Mergers and acquisitions in South Africa are set to rebound this year as the $405-billion economy starts to show signs of recovery, according to Investec. As macroeconomic metrics improve around the world, South African companies are likely to expand abroad while overseas firms explore attractively priced assets in the local market, according to Marc Ackermann, [...]

Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in African Mining Indaba theme of 'Embracing the power of positive [...]

Financial services group Rand Merchant Bank (RMB) has helped South African independent power producer (IPP) SOLA Group raise a R2.8-billion debt and equity package for its 150 MW multi-offtake solar photovoltaic (PV) project near Virginia, in the Free State. The project is one of the first multi-buyer programmes in South Africa and is expected to [...]

The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining activity and acting as a drag on the entire region. Africa’s most-industrialised economy will likely grow a meagre 1% this year, significantly slower than the IMF’s forecast in October, when it saw South Africa’s gross domestic product expanding [...]

Kibali, the largest gold mine in Africa, is now also one of Africa's greenest and most impressively automated operations, which continues to stimulate local economic development and even provides ongoing funding for the reintroduction of white rhinos into a Unesco world heritage site in the Democratic Republic of Congo (DRC). On the clean energy front, [...]

Total investment into the African technology startup ecosystem fell by 27.8%, to $2.4-billion, in 2023, down from a record $3-billion in 2022, as the impacts of the global capital shortage began to make themselves felt on the continent, technology news and research company Disrupt Africa's 'African Tech Startups Funding Report 2023' shows. This is the [...]

Global payments technology company Mastercard has partnered with South Africa's Youth Employment Service (YES) to help bridge the youth unemployment gap in the country and will take in 14 YES youth during this year, up from the 12 it employed in 2023. The intake is pivotal in providing young individuals with crucial work experience, exposure [...]

Primary steel producer ArcelorMittal South Africa expects to report a 238% to 261% year-on-year decrease in earnings per share (EPS) for the year ended December 31, owing to a R2.1-billion impairment charge on the company’s long steel operations and a challenging local trading environment. The steel producer says it is likely to report a loss [...]

Italian Prime Minister Giorgia Meloni called for a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and curbing immigration. Speaking at a one-day summit attended by more than two dozen African leaders and European Union officials, Meloni outlined a series of initiatives, [...]

The National Nuclear Regulator (NNR) has announced that it has approved the request of national electricity utility Eskom to separate the operational timelines for the two reactors of the Koeberg nuclear power plant (NPP). Koeberg, located on South Africa’s west coast, near Cape Town, is the country’s (and still Africa’s) only operating NPP. (The continent’s [...]

Government is seeking to finalise a plan aimed at improving its rail network and move cargo away from its overburdened roads.  While the economy loses a billion rand per day to its logistics crises, government has said an urgent turnaround is needed to improve its 31 000km locomotive network as more and more cargo moves [...]