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 [...]

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 [...]

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 [...]

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 [...]

Graduates and third-year students in engineering, science and health sciences can apply, before September 30, for the University of the Witwatersrand (Wits) postgraduate diploma in innovation and entrepreneurship to become catalysts for business ownership and job creation. The programme was developed and is led by the Wits Innovation Centre, and will bridge the gap between [...]

Based on the current oil and rand prices, the latest data from the Central Energy Fund shows that diesel prices may be hiked by around R2 a litre, depending on the grade. Petrol 95 and 93 unleaded could be increased by R1.23 a litre and R1.15c, respectively. This will push fuel prices to levels last [...]

Around R300-million is spent annually on salaries for staff and maintenance at the Rooiwal and Pretoria West power stations, which have not been operational for more than a decade. On Monday, Tshwane Mayor Cilliers Brink addressed the media on the City's plan to procure and generate at least 1 000 megawatts of power independent of [...]

JSE-listed packaging and paper company Mondi has announced that it will sell its Russian subsidiary Mondi Syktyvkar to Sezar Invest for ₽80-billion, or about €775-million, which will be paid in a series of instalments. The total cash consideration will be paid to Mondi in ruble and in six monthly instalments. The first payment will made [...]

JSE-listed real estate investment trust (Reit) Attacq, which is developing Waterfall City, in Gauteng, has concluded its landmark R2.7-billion transaction with the Government Employees Pension Fund (GEPF). Under the terms of the transaction, the GEPF has acquired a 30% shareholding in Attacq Waterfall Investment Company Proprietary Limited (AWIC) – the company that holds the Waterfall [...]

A R107-million refurbishment of the Steenbras Hydro Pumped Storage Scheme is on the pipeline, with Capetonians hoping it will bring further relief from load shedding. This week, the City of Cape Town's mayoral committee recommended that the council approve funding for the provision of professional services for the refurbishment project over the next few years. [...]

South Africa has released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom, rail and port operator Transnet and other State-owned enterprises. The National State Enterprises Bill, which will enable the formation of the State Asset Management, was released for comment on Friday by Public Enterprises [...]

Glencore is in negotiations with the South African government about a pledge to invest R6-billion in the Cape Town refinery, as the company is set to miss the deadline following an explosion that shut the plant for several years. The commodities-trading giant agreed when it bought the plant to make the investment in the facility [...]