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 [...]

Egypt plans to establish an integrated industrial compound to produce flat steel with investments worth $1-billion, the cabinet said in a statement on Wednesday. The compound, with a flat steel production capacity of 1.8-million metric tons per year, would target global exports while also serving the local market.

International property company Growthpoint Properties has reported a 1.3% year-on-year increase in distributable income per share to 157.6c for the financial year ended June 30. Revenue increased by 5.3% to R13.7-billion, compared with R13-billion for the 2022 financial year, while operating profit increased by 2.1% year-on-year to R8.9-billion.

JSE-listed diversified miner and materials supplier Afrimat finds in its latest construction index that eight of the nine constituent indicators of the index recorded real growth rates in the second quarter of the year, compared with the first quarter. Notably, the construction sector added more than 100 000 jobs in the quarter, outperforming all other sectors [...]

State-owned Airports Company South Africa (ACSA) has reported an improvement in earnings before interest, taxes, depreciation and amortisation to R2-billion for the financial year ended March 31. This compares with Ebitda of R342-million posted for the prior financial year, which reflects a steady recovery and significant improvement on performance in the reporting year.