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.

South Africa will become an irrelevant trading partner if the country does not keep up with the pace of global technological development says Communications and Digital Technology Minister Mondli Gungubele. "Digital transformation is moving fast globally. It is not informed by our spirit, it is informed by the speed of the world," he said in [...]

The Copper 360 School of Mining, which announced the development of the training facility in August, has launched its first set of courses at the Concordia operation in the Northern Cape, which are aimed at nurturing human capital in anticipation of an expected provincial minerals development surge. The school’s first courses are unaccredited and Copper [...]

The International Trade Administration Commission of South Africa (ITAC) has taken legal action against three companies that it says attempted to export scrap metal and copper ingots without valid export permits or in violation of permit conditions. The Durban Regional Court issued fines to the three companies on September 6 following their admission of guilt.

A major private-sector-led initiative, in partnership with the Gauteng Provincial Treasury, has been launched to unlock significant private sector resources for investment into South Africa’s largest economy and bridge the gap between government vision and corporate action. The Project 35% Plus Roundtable, unveiled at Standard Bank’s Johannesburg headquarters on Monday, also aims to strategically influence [...]

In marking Public Service Month, President Cyril Ramaphosa stated on Monday that action to discourage corruption in government departments must continue if government is to build an accountable, professional civil service. He said “it is correct” that corrupt activities be exposed and action taken against those responsible. Ramaphosa wrote in his weekly letter to the [...]

Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its planned massive hydroelectric power plant on the Blue Nile, a project that Egypt and Sudan have long opposed. Construction of the $4-billion Grand Ethiopian Renaissance Dam (GERD) began in 2011 and Ethiopia sees the project as crucial [...]

Power utility Eskom reports that nine people were arrested at the Kusile power station on September 7 for theft of coal and fraud. Eight of the nine were weighbridge operators employed by Eskom Rotek Industries (ERI), with the ninth being a coal truck driver.

The Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation, is calling for the submission of funding applications for developing innovative natural resource and energy technologies. The technology focus areas include water and sanitation, particularly digitisation for water and wastewater treatment plants and other efficiency technologies; circular economy, particularly waste-to-energy and [...]