New Gautrain Management Agency CEO announced
Tshepo Kgobe has been named the next CEO of the Gautrain Management Agency (GMA), succeeding William Dachs, who will step down when his tenure ends on January 31. Kgobe is an engineer with diverse technical expertise in infrastructure, energy, mining and the railway environment. At the start of the Gautrain project, he was responsible for [...]
Hyprop achieves strong full year operational performance
JSE-listed real estate investment trust Hyprop reported a 24% increase in distributable income to R1.451-billion for the full year ended June 30, as the four Eastern European centres were consolidated for the full financial year. The group says it delivered a continued improvement in trading metrics across its South African and Eastern European portfolios which [...]
Congo sees expanded UAE mining investment, seeks Inga partners
Democratic Republic of Congo (DRC) is still looking for partners for the world’s biggest hydropower project and expects expanded mining investments from the United Arab Emirates (UAE) as the central African nation prepares for December elections. While talks have stalled over development of the 44-GW Grand Inga project with Australian billionaire Andrew Forrest and his company, [...]
US missing out on Namibia’s hydrogen, mineral boom, Geingob says
Namibian President Hage Geingob said the US is missing out on a chance to invest in green hydrogen projects and mineral resources in the southern African nation, while the European Union is showing great interest. German officials visited Namibia in December and considered investing there as they search for new energy sources to address a [...]
Empowered group keen to see Gautrain run by South Africans from 2026
The Strategic Partners Group (SPG) is the empowerment partner in the Gautrain, the rapid rail link owned by the Gauteng provincial government and run by the Bombela Concession Company. When the current concession expires in 2026 will SPG continue to be a Gautrain participant, is the question that Engineering News put to SPG executive chairperson [...]
Feasibility study underway for Stellantis plant will inform IDC on its contribution
The State-owned Industrial Development Corporation (IDC) says the bankable feasibility study for the proposed multibillion-rand Stellantis vehicle assembly plant, in Coega, in the Eastern Cape, is underway. The project is a joint venture (JV) between Stellantis and the IDC.
Necsa wants to get involved with small modular reactors
The South African Nuclear Energy Corporation (Necsa) has formally requested Mineral Resources and Energy Minister Gwede Mantashe to change its mandate, to allow it to become involved in the generation of electricity from nuclear energy. So Necsa CEO Loyiso Tyabashe has told Engineering News in an exclusive interview. Currently, only the State-owned national electricity utility Eskom [...]
Africa’s newest oil jackpot comes with a corruption curse
It’s touted by some as possibly the world’s biggest-ever deep-water oil find. The discovery off the shores of Namibia last year by TotalEnergies and Shell of an estimated 11-billion barrels of crude has generated understandable excitement in the southern African country. Even if only a small portion of that potential load — valued at about [...]
DRC still has difficulty securing investments in Inga power project – Tshisekedi
The Democratic Republic of Congo (DRC) still has difficulty securing investments for its Inga power project, the president said on Tuesday in New York, adding that the World Bank and China are interested. The multibillion-dollar project, which will harness the power of the Congo River, has been repeatedly delayed by red tape and disagreements between [...]
Committee calls for written comments to two energy Bills
The Portfolio Committee on Mineral Resources and Energy has invited interested individuals and relevant stakeholders to submit written comments and indicate interest in making an oral submission on the Electricity Regulation Amendment Bill and the National Nuclear Regulator Amendment Bill. The invitation is in line with Parliament’s core objective of facilitating public participation and involvement [...]
Clean energy on way to platinum mines from R2.5bn solar project in North West
Platinum mines operated by Johannesburg Stock Exchange-listed diversified mining company African Rainbow Minerals (ARM) will be on the receiving end of clean power from a R2.5-billion solar plant now under construction in South Africa’s North West province. This follows local independent power producer SOLA Group reaching agreement with local commercial banks and partners to provide [...]
Necsa 2022/23 profit due to success of turnaround strategy
South African Nuclear Energy Corporation (Necsa) Group CEO Loyiso Tyabashe has credited the group’s R125-million profit (and total comprehensive income of R145-million) in the 2022/2023 financial year (which ended on March 31) to the strong group strategy adopted by the Necsa Board in August 2021 and vigorously implemented by management. In an exclusive interview with [...]