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 [...]

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 [...]

JSE-listed cement and construction materials company PPC has reported a 20.9% year-on-year increase in revenue to R6-billion for the six months ended September 30.  Its earnings before interest, taxes, depreciation and amortisation (Ebitda) also increased by 46.8% to R1.06-billion.

A new PwC report makes the case for replicating a collaborative infrastructure model that has been used in South Africa’s Limpopo province to provide bulk water to both mines and some 400 000 residents for the delivery of electricity infrastructure. Titled ‘Africa Energy Review 2023’, the report highlights the success of Lebalelo Water User Association (LWUA), [...]

The enlarged International Partners Group (IPG) has reaffirmed its commitment to extend concessional funding to South Africa in support of the country’s Just Energy Transition Investment Plan (JET-IP) and has also confirmed that total financing commitments have been increased to $9.3-billion from $8.5-billion. Initially comprising France, Germany, the UK, the US and the European Union, [...]

JSE-listed integrated poultry producer Astral Foods has posted a loss of R621-million for the financial year ended September 30, owing to detrimental impacts from loadshedding and avian influenza. The group’s operating profit decreased by 143% compared with an operating profit of R1.4-billion the prior financial year, while headline earnings a share decreased by 148% year-on-year [...]

Cabinet has approved the allocation of R2.1-billion in the criminal asset recovery account to provide aid in the fight against illegal mining and other organised crimes in South Africa. “Illicit mining and organised crime continue to be a threat to the South African economy,” Minister in the Presidency Khumbudzo Ntshavheni said during a post-Cabinet media [...]

South Africa cannot escape the need to spend significantly on new wind and solar power plants, a BloombergNEF study shows. Under a range of scenarios considered by researchers the country may need to spend as much $136-billion on new power generation capacity over the next two decades. A slowing down of the proposed closing of [...]

Transnet has, so far, replaced about 55% of the copper cables across its national railway network with an aluminium conductor steel reinforced (ACSR) cable called Tiger Wire, Transnet Freight Rail (TFR) CE Russel Baatjies tells Engineering News. He says the switch to Tiger Wire is aimed at deterring cable theft.

The Department of Forestry, Fisheries and the Environment (DFFE) has launched a five-year R2.67-billion Working for Water Programme aimed at eradicating invasive alien plants in communities. The programme will result in just under 39 000 job opportunities being created every year of the five-year programme, totalling 194 195 jobs, mostly in rural communities throughout the country.

Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it transition away from the use of coal-fired electricity, people with knowledge of the pact said. The money forms part of the $8.8-billion in climate financing offered to South Africa by some of [...]

Banks and other financiers should withdraw their support of TotalEnergies' $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders on Friday. The letter, seen by Reuters, comes at a crucial juncture for the French energy company as it prepares to [...]