Nigeria's Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650 000 bl/d plant. The refinery, Africa's largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent's richest man [...]

South Africa’s selection of Filipino billionaire Enrique Razon’s harbour firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by losing bidders. Companies that lost out to International Container Terminal Services Inc. for the right to buy almost half of the main container terminal in the southeastern port city of Durban [...]

Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals mining space. Globally, critical minerals [...]

The City of Cape Town has reported an almost R4-billion boost from the raft of events hosted in the Western Cape capital last year. This includes Africa’s first Netball World Cup, the ICC Women's T20 World Cup, the first Formula E race in sub-Saharan Africa, the Loeries Creative Week and the return of Tweede Nuwe [...]

The Competition Commission is studying the Competition Appeal Court (CAC) judgment, handed down on January 8, and is consulting its legal team before deciding on the next course of action. The CAC upheld the appeals of 19 respondent banks against the decision of the Competition Tribunal on March 30, 2023, which ordered 23 respondent banks [...]

The Department of Mineral Resources and Energy (DMRE) has belatedly released the background technical information that has been used to inform the assumptions included in the draft Integrated Resource Plan of 2023 (IRP 2023) and will host two virtual workshops this month to provide greater insight into the plan. However, no formal public hearings are [...]

Transnet National Ports Authority (TNPA) is looking to appoint a panel of qualified service providers as terminal operators to step in and assist in closing “operational gaps” at its eight commercial seaports where terminal operator contracts have been suspended or terminated. The panel will service eight terminals, including Durban, Cape Town, Richards Bay, Ngqura, Saldanha [...]

It’s been nearly a decade of waning foreign interest in South African stocks, with outflows exceeding $50-billion in that time. Last year was the eighth year in a row that foreign investors dumped South African equities — a record-long streak — selling stocks worth $8.3-billion. That took the total since 2016 to $53-billion, based on [...]

South Africa’s Competition Appeal Court dismissed the cases against most of the 28 banks accused of colluding to fix the rand in the New York foreign exchange market almost a decade ago, Business Day reported, citing the tribunal. The court ruled in favor of South African lenders including Standard Bank Group, Nedbank Group and FirstRand, [...]

Business Unity South Africa (Busa) will approach the Department of Mineral Resources and Energy (DMRE) to secure the technoeconomic information that has been used to inform the assumptions contained in the draft Integrated Resource Plan (IRP), which was released for public comment on January 4 absent an associated data book. The head of Busa’s energy [...]

The UK government has announced that it is to invest £300-million in the creation of a commercial-scale production plant for high-assay low-enriched uranium (HALEU) fuel for nuclear reactors. It will be located in the north-west of England. HALEU is defined as uranium that is enriched to more than 5%, but less than 20%, with the [...]

The International Atomic Energy Agency (IAEA) has launched a mission to research the presence and impact of microplastics in Antarctica. Microplastics are defined as plastic particles with a diameter of less than 5 mm. These were first detected in Antarctica in 2009, in sea ice samples collected in East Antarctica by University of Tasmania (Australia) [...]