Opinion: It’s more than just about wages
In this article, Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Lucio Trentini writes about the importance of collective bargaining as the metals and engineering sector prepares for the start of the 2024 main agreement wage and conditions of employment negotiations. Monday, next week marks the commencement of the 2024 main agreement wage [...]
African Rainbow Minerals provides R20-million for Wits University research
Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the university’s broader initiatives in quantum computing, fintech and innovation.
SACEEC recognises top exporters at annual awards ceremony
Industry organisation South African Capital Equipment Export Council (SACEEC) hosted its Exporter of the Year Awards on November 21, acknowledging the significant contributions of industry players. The event, attended by key figures including the Department of Trade, Industry, and Competition’s Director-General Thandi Pele, highlighted the achievements of 18 companies that collectively exported over 8.4 Billion [...]
Progress at Pan Africans’ gold tailings treatment project on West Rand
Excellent progress has reportedly been made with the construction of the R2.5-billion gold tailings retreatment project, west of Johannesburg, on Gauteng’s West Rand. The continued momentum of the Mintails’ project is again testament to the track record of Pan African Resources in bringing tailings retreatment projects to account, CEO Cobus Loots stated in a release to [...]
Excellent progress at Pan Africans’ gold tailings treatment project on West Rand
Excellent progress has been made with the construction of the at the R2.5-billion gold tailings retreatment project, west of Johannesburg, on Gauteng’s West Rand. The continued momentum with the construction of the Mogale tailings retreatment plant at Pan African Resources Mintails’ project is again testament to the company’s track record of bringing tailings retreatment projects [...]
SAAFF warns of rising port-congestion costs
The South African Association of Freight Forwarders (SAAFF) estimates that the current congestion at South Africa’s ports is costing at least R124-million a day in direct and indirect costs. With 96 vessels waiting at anchorage outside the country’s commercial ports, CEO Juanita Maree estimates the direct daily costs to be R98-million, comprising both sunk costs [...]
Koko's Kusile case: State's corruption buster vows to keep punching despite court blow
The National Prosecuting Authority's (NPA) Investigating Directorate (ID) has suffered a blow in its fight against state capture, but it has vowed to keep punching. On Tuesday, the Middelburg Specialised Commercial Crime Court struck from the court roll a crucial corruption case involving a lucrative R2.2-billion contract at the Kusile Power Station in Mpumalanga.
Hurdles cleared for sale of SAA – now for Takatso to show the money
The last hurdles are being cleared for the sale of 51% of South African Airways to Takatso - if it can come up with the money. A major blockage to the sale, brokered way back in June 2021, that the government covers all historic liabilities has been overcome, SAA interim chair Derek Hanekom told MPs [...]
SANEDI's pioneer conference showcases initiatives to tackle energy challenges
Mineral Resources and Energy Deputy Minister Dr Nobuhle Nkabane has emphasised the need to invest in science, technology and innovation to grow South Africa’s economy and to address the country’s well-documented energy challenges. She was speaking on the first day of the South African National Energy Development Institute’s (SANEDI's) first yearly energy conference, which is being [...]
Court strikes Koko Eskom graft case off the roll, finds there were unreasonable delays
The Middelburg Specialised Commercial Crimes Court on Tuesday struck the case against former Eskom boss Matshela Koko and others from the roll. The court found that there had been unreasonable delays in the R2.2-billion corruption case against Koko and his co-accused. This, however, is not a pronouncement of the innocence or guilt of the accused. [...]
Telkom delivers H1 improvements
JSE-listed Telkom on Tuesday posted improvements across the board during the six months ended September 30, 2023, as it positions itself as an digital infrastructure business at its core. During the first half of the year, the group’s earnings before interest, tax, depreciation and amortisation (Ebitda) increased 1.7% to R5.025-billion, with the Ebitda margin contracting [...]
New $1.8bn-plus concessional loan package signed to support JET-IP
South Africa has confirmed the signing of three new policy loan agreements – worth more than $1.8-billion – in support of the country’s Just Energy Transition Investment Plan (JET-IP), the implementation plan for which was approved by Cabinet last week. The dollar- and euro-denominated loans are described as “concessional’ and have been provided directly to [...]