The Department of Public Enterprises (DPE) announced on Monday that it had applied for leave to appeal the Pretoria High Court judgment, and order, regarding State-owned low-cost airline Mango, that had been handed down, early last month. Mango, part of the South African Airways group, has been under its own business rescue process. “The intention [...]

The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) has come in lower in the third quarter of the year, having declined from 76.2 in the second quarter to71.8 in the third quarter. The PUI, nevertheless, “remains well in negative territory for now”, says NWU.

As a sword hangs over the heads of top Transnet executives, group CEO Portia Derby and head of Transnet Freight Rail Sizakele Mzimela, the Congress of South African Trade Unions has turned up the heat and called publicly for the company's top management to go. At the beginning of September, Public Enterprises Minister Pravin Gordhan [...]

The South African government has received additional pledges, worth nearly $3.5-billion, in support of its Just Energy Transition Investment Plan (JET IP), increasing the overall envelope of concessional debt and grant funding to R11.9-billion. The Presidency’s Rudi Dicks told the Presidential Climate Commission (PCC) that Denmark and the Netherlands had combined their pledges with those [...]

Workers at the Richards Bay Coal Terminal in South Africa rejected its latest wage offer and will continue to strike, according to the main labour union at the port. Members of the Association of Mineworkers and Construction Union lowered their demand to a one-year 7% basic salary increase and a housing allowance, said Bheki Sithole, [...]

Green energy supplier Renergen’s Virginia Phase 2 gas project, in South Africa’s Free State, has achieved a significant milestone with the receipt of environmental authorisation (EA). The Department of Mineral Resources and Energy has granted an EA in terms of Section 24 of the National Environmental Management Act in accordance with the Environmental Impact Assessment regulations for the [...]

On the face of it, South Africa could do a lot more to speed up critical minerals mining development in South Africa. An example of doing so that catches the eye is the extra mile the government of Malawi is going to assist with permitting.

BHP CEO Mike Henry has called for a “small set of common standards” covering environmental, social, and governance (ESG) to underpin the access to capital required to unlock investment in the critical minerals needed for the transition to electric vehicles and renewable energy generation. Speaking at the International Energy Agency’s (IEA’s) inaugural critical minerals summit [...]

South Africa’s central bank said its shift to a simpler monetary policy implementation framework has led to a surge in the country’s monetary base. The new system introduced in June last year enables commercial lenders to hold and earn interest on excess reserves and prevents them from hoarding liquidity. The central bank’s Quarterly Bulletin released [...]

Development finance institution (DFI) the Development Bank of Southern Africa (DBSA) head of energy, environment and information and communications technology (ICT) Mathapelo Malao has emphasised that the DFI’s energy, environment and ICT division holds strategic value for infrastructure development in Africa. “If we look at our credential limit, just on the energy sector alone is [...]

The Industrial Development Corporation (IDC) has reported a 147% surge in disbursements to R17.8-billion for 2022/23, up from only R7.2-billion in the prior year – a performance that is within range of the R20-billion target that has eluded the development financier for several years, and which the Covid pandemic disrupted further. The State-owned institution also [...]

A visit to Washington by a high-profile delegation of ministers, business leaders and unionists lowered tensions around the renewal of South Africa's preferential trade deal with the US, Minister of Trade and Industry Ebrahim Patel has said.  Patel was briefing Parliament on the African Growth and Opportunity Act. The panel, which included Finance Minister Enoch Godongwana [...]