Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that rising gold prices and Blyvoor’s improved operational performance has increased the Carletonville mine’s operating profit by 59%.

The final assay results from diamond drill holes completed to test strike and down-dip extensions of the high-grade copper mineralisation at the Flat Mine South deposit, part of the Okiep Copper Project in the Northern Cape, South Africa. The latest results add further momentum to mine development company Orion Mineral’s development strategy for the Okiep [...]

From the moment Mpho Putsoenyane's daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol's oldest coal-to-liquid refinery, the baby struggled to breathe. Last year, when she was four months old, she turned purple and started gasping. Her parents rushed the baby to hospital, where medics only [...]

South Africa recorded foreign direct investment outflows of 3.2-billion rand ($179.87-million) in the third quarter, compared to inflows of 16.6-billion in the second quarter, central bank data showed on Friday. The South African Reserve Bank (SARB) said in its Quarterly Bulletin that the outflows were due to domestic subsidiaries of multinational companies paying back their [...]

Some of the issues that newly elected South African Institution of Civil Engineering (Saice) president for 2025 Friedrich Slabbert will focus on are advancing professionalism in the construction sector and helping to ensure resilient infrastructure. During the inauguration of the organisation’s new president, prior president for 2024 Andrew Clothier listed the most prominent challenges in the [...]

Finance institution the African Development Bank Group (AfDB) has approved two financial facilities for South Africa-based Standard Bank Group to support economic development in Africa. The first is a $200-million trade finance risk participation agreement (RPA) for Standard Bank of South Africa and the second a R3.6-billion investment in a social bond issued by the [...]

The gold price has increased by more than 28% year-to-date in dollars, trading 22% higher on average this year than during 2023, the World Gold Council reported on Thursday, December 12. Gold’s performance across currencies was equally strong and reached 40 new record highs and total third-quarter gold demand surpassed $100-billion for the first time.

Bidvest Group has concluded an agreement for the disposal of 100% of Bidvest Bank Holdings to Access Bank for R2.8-billion. Bidvest Group CE Mpumi Madisa says that, as a well-respected, experienced and prominent financial services entity, she is very confident that Access Bank will continue to provide sustainability and prosperity of Bidvest Bank.

The African Development Bank (AfDB) has signed a coordination letter with Deutsche Bank and Société Générale to establish a syndication strategy to mobilise up to $1.2-billion for Tanzania's Standard Gauge Railway (SGR) project.  

A 500 MVA transformer at the Midas substation, in Gauteng, tripped in the evening of December 11, disrupting electricity supply to about 15 mines in the Carletonville, Fochville and Potchefstroom areas, as well as to residential customers. State-owned utility Eskom says in a December 12 update that its technical teams acted swiftly and have managed [...]

The International Air Transport Association (IATA), which is the global representative body for the airline industry, has lamented the slower than hoped-for ramp up of Sustainable Aviation Fuels (SAF) production during this year. While 2024 SAF production is, at 1 000 000 t (or 1.3-billion litres), 100% higher than the 2023 figure of 500 000 t (600-million litres), [...]

A South African court denied a bid by International Container Terminal Services Inc (ICTSI) to appeal a decision that temporarily stops the nation’s state-owned logistics firm from going ahead with its partnership with ICTSI to expand and run sub-Saharan Africa’s biggest container port. The KwaZulu-Natal High Court in October blocked the deal temporarily after an [...]