The National Nuclear Regulator (NNR) will hold public hearings into State-owned utility Eskom's application to extend the operational life of the Koeberg Nuclear Power Station (KNPS) by 20 years, in February next year. Eskom is currently authorised to operate the KNPS, which comprises two pressurised water reactor units, which began commercial operations in July 1984 [...]

JSE-listed real estate investment trust Dipula Income Fund increased its revenue by 3% year-on-year to R1.4-billion and its net asset value (NAV) by 2.1% year-on-year to R6.1-billion for the financial year ended August 31. Distributable earnings, however, decreased by 6.9% to R514.2-million.

Based on the current oil, international fuel and rand prices, the latest data from the Central Energy Fund shows that petrol prices could be cut by around R1.07 a litre in December, while diesel prices could be lowered by around R2.10 a litre. However, there is still more than two weeks to go before the [...]

South African ilmenite used to manufacture titanium dioxide pigment in KwaZulu-Natal has received a major value boost with the signing of an engineering, procurement and construction (EPC) contract for the long-awaited sulphuric acid titanium dioxide project that has been championed over many years by Nyanza Light Metals CEO Donovan Chimhandamba. The project highlights the huge [...]

Terence Eskom reports that it has received permission from the National Nuclear Regulator (NNR) to restart Koeberg Unit 1, but has once again missed a recently updated target date for grid synchronisation.

Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very important part of our thinking in terms of the [...]

Mineral Resources and Energy Minister Gwede Mantashe has released a draft Bill for public comment outlining the establishment of the South African National Petroleum Company (SANPC), which the proposed legislation defines as the “State’s energy champion and facilitator of energy infrastructure across the energy value chain”. The Bill states that the Minerals Resources and Energy [...]

JSE-listed fast-moving consumer goods and personal care products company Premier Group has reported a 23.9% year-on-year increase in earnings before interest, taxes, depreciation, and amortisation (Ebitda) to R1-billion for the six months ended September 30. Headline earnings a share also increased by 0.8% to 331c a share, while revenue rose by 7.1% year-on-year to R9.4-billion.

Higher free cash flow, higher recovered grades, higher production and higher received gold price have been reported by Harmony Gold in its operational update for the three months ended September 30, the first quarter of the JSE-listed gold mining company’s 2024 financial year. Group operating free cash flow in the quarter rocketed by 278% to [...]

Despite higher interest rates, elevated levels of inflation and currency volatility impacting earnings, Vodacom Group on Monday posted strong financial results for the six months ended September 30, 2023. The JSE-listed telecommunications company recorded group earnings before interest, tax, depreciation and amortisation (Ebitda) growth of 35.1%, or 5.5% on a pro-forma basis, to R27.27-billion during [...]

Old Mutual Investment Managers said it plans to vote against a number of resolutions at the Nov. 17 annual general meeting of petrochemicals and fuel company, Sasol , because of its poor performance on climate targets. The unit of 178-year-old Old Mutual, which has about $18-billion under management according to an industry survey, urged fellow [...]

Development finance institutions (DFIs) led by the African Development Bank (AfDB) have partnered to finance $3-billion in a private sector-focused Alliance for Special Agro-Industrial Processing Zones (SAPZs) to bridge the critical financing gap in agriculture in Africa. These zones are aimed at integrating smallholder farmers into value chains through logistics and infrastructure, and linking them [...]