Financial services firm Nedbank has concluded a R2.1-billion Green Private Power Tier 2 Bond, listed on the sustainability segment of the JSE, with the proceeds to focus on notionally funding private renewable energy projects in South Africa. Private renewable energy power projects refer to commercial and utility-scale renewable energy projects with private corporate offtakers. These [...]

Egypt's Suez Canal Economic Zone has signed a deal worth $6.75-billion with China Energy for green ammonia and green hydrogen projects to be established in the Sokhna Industrial Zone, a cabinet statement said on Tuesday. It also signed deal with Hong Kong-listed United Energy Group to establish a potassium chloride production complex with an expected [...]

South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund (IMF) forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401-billion based on current prices in 2024, compared with Nigeria’s $395-billion and Egypt’s $358-billion. Africa’s most industrialised nation is expected [...]

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 R1.90 a litre in November, while diesel prices could be lowered by between 69c and 75c a litre. However, there are still more than two weeks to go [...]

The world over, green hydrogen is being recognised as the most effective route towards combating the climate crisis in the most holistic way possible, with Minerals Council South Africa highlighting the collaboration of South Africa’s leading platinum mining company with a local grey hydrogen producer and a car company with 30 global production site and [...]

The Eastern, Northern and Western Cape provinces have agreed to team up in a bid to position South Africa as a global hub for the production of green hydrogen and derivative products, as well as to produce the components required in the green hydrogen value chain, ahead of the finalisation of the long-awaited Green Hydrogen [...]

The National Treasury has confirmed that the collective debt owed to Eskom by the 28 municipalities approved for participation under the Eskom Municipal Debt Relief Support Programme represents R26.69-billion of the R58.5-billion owed to the utility as of the end of March. Eskom has confirmed that the arrears debt has since climbed to above R65-billion.

The R1-billion solar project being developed by Chariot Transitional Power and Total Eren in North West province is on track as planned to be completed end 2024. In doing so, it will contribute to Tharisa Minerals’ planned reduction of 30% of carbon emissions in 2030, Tharisa investor relations and communications head Ilja Graulich stated in [...]

Requests for proposals (RFPs) to redevelop the Tygerberg Hospital in Cape Town are expected to go out next year, says Western Cape government Department of Health and Wellness communication deputy director Mark van der Heever. “This megaproject aims to improve health infrastructure for the people of the Western Cape by replacing the current inefficient and ageing [...]

The World Nuclear Association (WNA) and the African Commission on Nuclear Energy (AFCONE) have signed a Memorandum of Understanding (MoU), covering civil nuclear energy applications, to support the economic and sustainable energy development of Africa. The MoU will underpin information exchange and sharing, capacity building, networking, and training. “Nuclear energy offers a golden opportunity to [...]

Amid local energy constraints and a global focus on increasing renewable energy capacity, the importance of ensuring that proper planning is implemented as South Africa transitions to cleaner energy was highlighted during a roundtable discussion at this year’s South African (SA) Auto Week, hosted by naamsa | The Automotive Business Council, in Johannesburg, from October [...]

The consumer goods industry's largest representative body warned on Wednesday that the cost of load shedding, failing infrastructure and rising poverty were a "potentially lethal cocktail" requiring urgent action by the government. But the Consumer Goods Council of South Africa, which represents more than 9 000 businesses including SA's top retailers and food manufacturers, also [...]