UK-based global major propulsion and power systems group Rolls-Royce announced on Tuesday, as part of a Capital Markets Day that it is hosting, that it is targeting a major uplift in its performance, over the medium term (that is, until 2027). The intent is to create a business that is (in the order given by the [...]

South African manganese mining company Jupiter Mines announced on Tuesday that it has produced a 99.9% pure sample of high purity manganese sulphate monohvdrate (HPMSM) using the Northern Cape’s manganese ore and bringing into service an internally developed hydrometallurgical production process. Inclusion of the battery grade manganese in the cathode of electric vehicle batteries introduces [...]

JSE-listed Stefanutti Stocks’ contract revenue and operating profit from continuing operations for the six months ended August 31 improved to R3.3-billion and R69-million, respectively, with the group’s overall cash position increased to R687-million. CEO Russell Crawford says the group continues to deliver a satisfactory performance and is focused on the successful completion of outstanding items [...]

Tanzania is seeking $5.6-billion for a new railway in the south linking the Indian Ocean to Lake Nyasa and traversing regions rich in iron-ore, coal and graphite. The East African nation is looking for public-private partnerships for the 1 000 km line, according to a presentation by Tanzania Railways Corp MD Masanja Kadogosa. The agency [...]

JSE-listed vehicle rental and leasing company Zeda, in its maiden results as a listed company, reported a 12.4% year-on-year increase in revenue to R9.14-billion for the financial year ended September 30. Further, the company reported an 18% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R3.32-billion.

Investment holding and management company Invicta Holdings achieved a robust performance for the six months ended September 30, with revenue having increased by 12% to R4.3-billion. The increase of R461-million was made up of R178-million from the South African operations, while the rest of Africa contributed R89-million and Europe and America contributing the balance of [...]

The fourth International Atomic Energy Agency (IAEA) Nuclear Energy Management (NEM) school for Africa was held in Cape Town, from November 13 to November 24, the South African Nuclear Energy Corporation (Necsa) has highlighted. Necsa hosted the school, on behalf of South Africa’s Department of Mineral Resources and Energy. “Skills development is one of our [...]

Mozambique’s government approved a strategy to reduce the nation’s dependence on fossil fuels that it estimates will cost $80-billion to implement by 2050, a step aimed at winning finance to develop the economy. The first steps envisioned in the Energy Transition Strategy, approved by the Council of Ministers on November 21, include the addition of [...]

Wood-based panel products manufacturer PG Bison will complete a R1.87-billion investment in a new medium-density fibreboard (MDF) Contiroll line in Mkhondo, Mpumalanga, in July. This will increase PG Bison’s installed capacity to 1 180 m3/day across its two MDF plants.

President Cyril Ramaphosa vowed that Transnet would shed itself of incompetence and address the major backlogs at the country's ports. If not, it could see the economy continue to bleed. On Thursday, the president visited the port of Richards Bay after Transnet said it was considering blocking trucks from delivering cargo to the port due [...]

The government of Germany has pledged to invest €4-billion up to 2030 to advance Africa’s green energy transition. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin this week after meeting African leaders and heads of international organisations including development finance institution African Development Bank president Dr Akinwumi Adesina, during the [...]

South African Breweries (SAB) has confirmed that its R5.8 billion investment commitment has been utilised to increase capacity at two of its plants, the Department of Trade, Industry and Competition (dtic) said on Thursday. The company says that the investment was for civil works and new equipment to allow for increased local production for new [...]