Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four months. The bonds, which were due November 6, were dealt with “using funding and existing facilities,” Transnet said in an emailed response to questions. The company sold zero-coupon notes maturing in February [...]

Advisory and professional services firm EY's eleventh Africa Attractiveness Report found that clean technology led the foreign direct investment (FDI) drive into Africa against a backdrop of a substantial overall recovery of FDI on the continent. Technology services attracted the second-most FDI and business services placed third in terms of investment attractiveness. The overall report found [...]

Gold-mining company Harmony estimates that it will achieve total cumulative net present value savings of R3.6-billion from its three solar power projects, one of them already generating 30 MW of clean, green energy. To reduce its carbon footprint, the JSE-listed Harmony, headed by CEO Peter Steenkamp, has been building and commissioning renewable energy projects at [...]

The Presidential Climate Commission (PCC), the British High Commission to South Africa and other organisations have crowned Samanjalo and Green Guru as the winners of the first Green Solutions Pitch Challenge focused on Mpumalanga. The other organisations on the judging panel included development programme Grindstone; tech financer Untapped Global; diversified miner Anglo American support programme [...]

The World Travel & Tourism Council (WTTC) estimates that the African travel and tourism sector could add $168-billion to the continent’s economy and create more than 18-million new jobs, depending on three key policies to unlock yearly growth of 6.5% in the sector. The WTTC, together with government technology services provider VFS Global, finds in [...]

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 [...]