Eskom has confirmed that it has delivered a curtailment framework, as well as its proposed Gated Generator Connection Process (GGCP) to the National Energy Regulator of South Africa (Nersa) for approval. However, it is not yet clear whether either will be approved ahead of the restart of public procurement for new independent power producer (IPP) [...]

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 point out. Net fixed capital formation figures show a mining industry [...]

JSE-listed food and packaged goods company Tiger Brands increased revenue by 10% to R37.4-billion, driven by price inflation of 11%, favourable foreign exchange gains of 1% and marginal overall volume declines of 2% for the financial year ended September 30. Volume growth in exports was offset by volume declines in the domestic business, primarily attributable [...]

Global energy company TotalEnergies will sell its 36.36% interest in the Natref refinery in Sasolburg, in South Africa's Free State province, to fellow energy company Prax Group. South African energy and chemicals group Sasol owns a 63.64% interest in the 108 500 bl/d refinery.

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt obligations. The guarantee was announced following concurrence between Finance Minister Enoch Godongwana and Public Enterprises Minister Pravin Gordhan and follows a high-level meeting between government and business [...]

Mineral Resources and Energy Minister Gwede Mantashe confirmed that an update of the Integrated Resource Plan, which he has previously dubbed ‘IRP2023’, had served before Cabinet on November 29, but that his Ministerial colleagues had requested more deliberation time before approving the document for public consultation. Speaking in Pretoria at a briefing held to announce [...]

The South African government has selected preferred bidders for the development of four utility-scale battery energy storage system (BESS) projects in the Northern Cape, with a combined investment value of R10-billion. The four BESS installations will have a combined capacity of 360 MW/1 440 MWh, with three using lithium-ion battery technology, and one being a [...]

South Africa needs to more than double climate financing to achieve its emissions reduction targets, according to a study by the Presidential Climate Commission. Current annual average funding of R131-billion needs to be boosted to R334-billion for the country to meet its net zero goal by 2050, the commission said in the The South African [...]

Brazil-based major aerospace group Embraer has announced that Canadian carrier Porter Airlines has ordered a further 25 E195-E2 airliners, which will take its fleet of this type to 75. The airline also has options on another 25 of the aircraft.  The new order is worth, using list prices, $2.1-billion. “Porter Airlines is an exciting disrupter [...]

Trade union the National Union of Mineworkers' (NUM's) Highveld Region is planning to march to the offices of the Presidency and the Department of Public Enterprises on December 9 to demand an immediate intervention on State-owned Transnet’s failure to transport minerals to and from the country’s terminal ports. Various mining companies are sitting with stockpiles [...]

Statistics South Africa (Stats SA) finds in its latest Agriculture Survey for 2022 that the sector generated R450-billion in income for the year, compared with R404-billion in income generated for 2021. This 11.2% increase in income was driven by the animals and animal products industry, which generated R172-billion of sales, followed by horticulture generating R109-billion [...]

The South African National Roads Agency Limited (Sanral) will on November 29 resume procurement for road construction projects, with 86 tenders to be advertised. CEO Reginald Demana has announced that the roads agency is resuming business after tenders worth billions of rands were stalled owing to a legal impasse between Sanral and some construction companies [...]