Volkswagen Group Africa (VWA) will invest R4-billion in its manufacturing plant in Kariega, in the Eastern Cape. The investment will be used to prepare the plant for the addition of a third model to the company’s production line-up from early 2027.

The sale by Southern African diamond mining company Petra Diamonds of an exceptional blue diamond in its fifth tender cycle lifted the average prices per carat received 22% higher than those of the prior Tender 4 sale. The London Stock Exchange-listed company, headed by CEO Richard Duffy, reported on Tuesday that the price upliftment was [...]

The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade, an African industry official and sources told Reuters. TotalEnergies and Shell in recent years have made discoveries estimated at 2.6 billion [...]

South Africa’s State-owned power utility Eskom said it’s in talks with government ministries over private and foreign options to fund a R390-billion expansion of its transmission network as more renewable generation comes online. Eskom supplies more than 80% of electricity to the continent’s most industrialised nation and has failed to meet demand, resulting in blackouts [...]

South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in the science, technology and innovation (STI) 2022 to 2032 decadal plan. The first of the three [...]

Johannesburg Water on Wednesday assured residents of the City of Johannesburg (CoJ) that the drinking water it provides is of the highest possible quality. The water utility, responsible for the supply of 1.6-billion litres of water across Gauteng, has extensive testing and quality control procedures in place, adhering to strict water compliance.

Manufacturing, trading and distribution company Ellies Holdings is likely to be liquidated, after the business rescue practitioner tasked with rescuing the company determined that there was no reasonable prospect of a successful business rescue. JSE-listed Ellies in January entered into voluntary business proceedings. In accordance with Section 141(2)(a)(ii) of the Companies Act, application will be [...]

The City of Johannesburg (CoJ) has warned that it will soon blacklist thousands of defaulting residential property owners and businesses to recoup more than R40-billion in municipal debt. Johannesburg's has an overall municipal debt of more than R52-billion, which it intends to curb with the aggressive credit control campaign. It also intends to invoke its credit control [...]

Mining contractor Murray & Roberts Cementation in mid-March showcased its mock-up mine and other training facilities for underground mechanised mining operators, supervisors and engineers at its Bentley Park Training Academy, in Carletonville. Marleny Arnoldi visited the site.

A new study has found that South Africa's fossil fuel subsidies tripled between 2018 and 2023, rising to R118-billion from R39-billion over the period, with subsidies having been increased largely in response to the surge in fuel prices following Russia’s invasion of Ukraine in 2022. Titled ‘Blackouts and Backsliding: Energy Subsidies in South Africa 2023’, [...]

State-owned Transnet Pipelines has welcomed the conviction of two fuel theft perpetrators by the Newcastle regional court, in KwaZulu-Natal, on April 8. This follows an operation conducted by the Directorate for Priority Crime Investigation (DPCI), in collaboration with local law enforcement, resulting in the apprehension of four suspects involved in crude oil theft at a [...]

Telecommunications groups MTN Group and Vodacom Group have secured the top two spots in the latest Brand Finance survey. Despite an 8% decrease in brand value to R68.2-billion, MTN Group maintained its position as South Africa’s most valuable brand, while Vodacom, increasing its brand by 10% to R43.9-billion, narrowed the gap between the two operators [...]