Telecommunications group MTN Group on Tuesday posted an increase in earnings before interest, tax, depreciation and amortisation (Ebitda) for the nine months to September 30, 2023. Maintaining a resilient performance in the first nine months of 2023 amid elevated inflation rates and foreign exchange (forex) volatility, overall group Ebitda increased by 11.2%, on a constant [...]

JSE-listed real estate investment trust Redefine Properties increased revenue by 20.2% to R9.9-billion for the year ended August 31, and declared total dividends for the year of 43.8c a share, up from 42.97c a share in the 2022 financial year, but group distributable income decreased by 4.1% to R3.5-billion driven mainly by elevated interest rates [...]

An increase in mining explosives sales volumes in Southern Africa, Central Africa and Asia Pacific has helped to keep JSE-listed chemicals group AECI’s revenue and earnings in the nine months to September 30 on par with the same period of last year. The group’s Mining division has recorded a 30% increase in earnings before interest [...]

Copper and zinc mine development company Orion Minerals is well placed to take advantage of the projected copper shortfall in the second half of this decade with its portfolio of short lead-time, quality assets and exploration potential, S2Research analyst Simon Hudson-Peacock stated on Monday. Globally, there are very few copper projects of similar quality that [...]

The National Research Foundation (NRF) and the National Nuclear Regulator (NNR) announced on Monday that the NRF has signed a strategic partnership agreement with the NNR’s Centre for Excellence for Nuclear Safety and Security. The partnership will serve to reinforce and further develop essential nuclear energy safety and security skills. “This partnership provides an overarching [...]

President Cyril Ramaphosa noted on Monday that if extended beyond 2025 for a lengthy period, and if used more effectively, the African Growth and Opportunity Act can contribute significantly to the further diversification of African economies. Ramaphosa wrote in his weekly letter to the nation that Agoa is an important instrument for growing and transforming [...]

JSE-listed financial services firm Clientèle and financial services firm 1Life have agreed to merge, with the enlarged entity to hold a combined 1.5-million active policies and an estimated combined embedded value of R7.8-billion. “The integration of 1Life with Clientèle will enhance the operational efficiencies of both entities, improving cost-effectiveness and scaling up our client service capabilities, as [...]

The current global metals and minerals environment is reminiscent of past 2015 years, when the mining industry stalled after a very good run – compounded this time by inflation pressures, few or no new discoveries and a chaotic global order. “Then, as now, it is plagued by the obsessive short-termism of governments and investors alike, [...]

Nigeria's State oil firm NNPC will supply the new 650 000 bl/d Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said. The refinery, funded by Africa's richest man Aliko Dangote, will transform oil trading in the [...]

Mintek’s latest technological acquisition, the AMAZEMET rePowder ultrasonic atomisation and alloy development machine, is an extremely advanced piece of equipment that is expected to strengthen and bolster the country’s minerals-based and three-dimensional (3D) printing industries. The machine also aligns with the national mineral processing and metallurgical research council's goal of providing critical infrastructure for South [...]

JSE-listed residential- and retail-focused real estate investment trust Octodec has increased revenue by 3.3% to R1.99-billion for the financial year ended August 31. It also increased its full-year dividend by 3.8% to 135c a share.

The Drakenstein municipality has started the upgrade and refurbishment of the Paarl Wastewater Treatment Works (WWTW), in the Western Cape, as part of the first phase of the new R1.4-billion Budget Facility for Infrastructure (BFI) project. The project will help the municipality to ensure the suitable treatment of wastewater and assist in preserving the Berg [...]