South Africa’s Trade, Industry and Competition Minister Parks Tau is appealing an order by the nation’s Competition Tribunal that blocked Vodacom Group’s R13.2-billion deal to buy a stake in Remgro’s fibre businesses. Parks Tau, whose ministry also oversees the competition regulators in the country, is seeking to overturn the decision and allow the merger to proceed, according [...]

Mobile network operator Vodacom and connectivity and telecommunications infrastructure company Maziv have decided to lodge a notice of appeal with the Competition Appeal Court after the Competition Tribunal in October prohibited Vodacom's proposed acquisition of a 30% stake in Maziv. Maziv will house all of the fibre assets owned by private equity firm Community Investment [...]

African mobility services provider Zeda achieved record revenue of R10.5-billion for the financial year ended September 30 – a 14.5% year-on-year increase – and based off a smaller fleet than pre-Covid-19 levels, CEO Ramasela Ganda said on November 26. Zeda declared a final dividend of 50c, taking the total yearly dividend to R1.

The Department of Mineral Resources and Energy (DMRE) has reiterated its aim of securing Cabinet approval for a new Integrated Resource Plan (IRP) for electricity by the end of March after releasing a remodelled draft plan on Tuesday. Dubbed IRP2024, the updated plan includes a reference case and scenarios that differ materially from those contained [...]

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total liabilities exceeding total assets by R94-million, as at August 31. This is worse than at the end of February, when the company’s liabilities exceeded its assets by a little [...]

JSE-listed Barloworld reported a 7% year-on-year decline in revenue to R41.9-billion for the 12 months ended September 30. Barloworld group CEO Dominic Sewela said at its financial year-end results presentation on November 25 that this decline was primarily driven by subdued trading results from the group’s Equipment Southern Africa business, which was down 12.7% from [...]

Civil society organisations The Green Connection, Aukotowa Fisheries Primary Co-Operative and Natural Justice have launched a judicial review of decisions to grant authorisation to seismic and geophysical data analytics company TGS to conduct seismic surveys off South Africa's Western Cape and Northern Cape coastlines. The case challenges decisions made by the Department of Minerals and [...]

A group of investors led by South African private equity firm Harith General Partners agreed to buy out an infrastructure fund with stakes in assets including Lanseria International Airport and Kelvin Power Station for R6.5-billion. The deal provides an exit opportunity for investors in the first Pan African Infrastructure Development Fund, which includes the continent’s [...]

French multinational miner Eramet’s subsidiary Eramet Grande Côte and renewable energy company JUWI Renewable Energies South Africa have closed a €30-million, or R600-million, deal to build a solar PV and battery storage solution for Eramet’s mine in Diogo, Senegal. The planned 20 MW solar and 11 MWh battery project will meet 20% of the mine’s [...]

With the growing adoption and further development of AI, the technology is continuing to reshape the data centre industry – a reality reflected in the projected 2025 data centre trends determined by critical digital infrastructure and continuity solutions provider Vertiv, which it reported at its Powering the AI Era conference, on November 20, in Bologna, [...]

South Africa’s National Disaster Management Centre has declared foodborne illnesses a national disaster, in response to countrywide sicknesses and deaths, particularly of children, in recent weeks. The declaration was made under the Disaster Management Act, No. 57 of 2002.

The departments of Communications and Digital Technologies (DCDT) and Science, Technology and Innovation (DSTI), together with their entities, signal distribution company Sentech and the South African National Space Agency (SANSA), have provided an update on the National Communication Satellite Strategy (SatCom), which is aimed at narrowing the digital divide in the country. The parties estimate [...]