JSE-listed engineering and contractor group Murray & Roberts (M&R) has confirmed the death of 18 employees in collision between a bus transporting its employees to diamond miner De Beers’ Venetia mine, in Limpopo. The incident involved a head-on collision with another vehicle, following which both vehicles caught alight.

At least 20 people died when a bus burst into flames after colliding with a truck head-on in Limpopo on Sunday afternoon.The accident occurred on the R572, and the bus is understood to have been travelling from Musina, transporting workers to the Venetia Diamond Mine near Alldays. Social media reports claimed the bus had collided [...]

The Durban Chamber of Commerce and Industry has called on the Public Enterprises Minister to remove Transnet’s CEO Portia Derby, accusing her of sabotaging businesses through lack of service delivery. In a letter dated 12 September and signed by Palesa Phili, CEO of the Durban Chamber of Commerce and Industry, the business community of eThekwini [...]

Despite the loss of the Russian battery export market, as well as the poor performance of wiring harness maker Hesto, Metair still managed to chalk up a healthy increase in profit for the six months ended June 30. Operating profit for the period was up 124%, to R324-million, compared with the same period last year, [...]

South Africa’s biggest wildlife reserve and some local businesses are opposing plans for a new privately operated trucks-only border crossing aimed at speeding up mineral exports to ports in neighboring Mozambique. The Logistics Co., indirectly owned by Old Mutual’s African Infrastructure Investment Managers, plans to open a new route at Komatipoort, the main land crossing [...]

JSE-listed investment holding company African Rainbow Capital (ARC) increased its intrinsic net asset value by 15.8% year-on-year to R15.3-billion for the financial year ended June 30, while its net asset value a share increased by 13.4% to R11.41 a share. The company’s cash reserves, however, decreased by 25% to R500-million, while its debt increased by [...]

The Department of Water and Sanitation (DWS) has concluded the processes to finalise evidence gathering and collect scientific and engineering information following the collapse of the tailings dam in Jagersfontein, in the Kopanong local municipality, in the Free State, on September 11, 2022, has been concluded. In response to the collapse of the Jagersfontein Tailings [...]

South Africa’s sole listed copper producer Copper 360 (AltX CPR) has announced a significant upgrade of its mineral resources at the company’s Rietberg mine in the Northern Cape. The total resource of contained copper increased by 220% from 25 275 t in 2022 to 81 200 t with the maiden and indicated resource of 60 800 t of [...]

Vehicle manufacturer Stellantis says it will invest R3-billion to develop a greenfield manufacturing facility in Coega, in the Eastern Cape, along with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (dtic).  The manufacturing plant is scheduled for completion by the end of 2025. 

The first 10 MW solar plant at Evander gold-mining operation of Pan African Resources is reducing group all-in sustaining costs (AISC) by more than $10/oz with this number set to increase in coming years as Eskom tariffs continue to escalate, Pan African Resources CEO Cobus Loots said during the presentation of the London- and Johannesburg-listed [...]

Diversified miner Anglo American in August announced the handover of its 45 Main Street building, in the Johannesburg central business district (CBD), to nonprofit private education institution the Maharishi Invincibility Institute. Tasneem Bulbulia tells us more.

A briefing to Parliament’s Portfolio Committee on Public Enterprises by the top management of Denel on Wednesday brought home the scale of the collapse at the State-owned defence industrial group over the past seven years. (In their presentation, Denel executives used 2016 as their baseline year.) From a staff complement of 4 952 in 2016, the [...]