As stakeholders work – as part of the National Logistics Crisis Committee – to resolve the most prominent issues impacting on the South African logistics system, including cable theft on rail lines and overloading on roads, it is more important than ever for businesses to optimise their supply chains. Experts participating in a dialogue hosted [...]

The Makhanda High Court has slammed the South African government for the “dereliction of its Constitutional duties” in quelling the violence directed at long-distance coach company Intercape. “It boggles the mind why it is so difficult for a law enforcement agent to appreciate that when armed assailants take potshots at moving buses, deleterious consequences inevitably [...]

Energy and chemicals group Sasol says it is continuing to assess several technology and feedstock solutions to bolster post-2030 liquid fuels and chemicals volumes at its Secunda refinery, in Mpumalanga, while still meeting its commitment to reduce greenhouse-gas emissions by 30% by the end of the decade. None of these alternatives have advanced to maturity, [...]

The decision of DRDGold to expend capital of R3.5-billion this financial year is based on the cash-flush Johannesburg- and New York-listed gold-from-dumps mining company firmly concluding that it is responsible to investment in South Africa amid seemingly unstoppable private sector turnaround momentum. The board has given the nod for R2-bilion of this year’s R3.5-billion capital [...]

Kenya plans to begin construction in 2025 of a $13.8-billion high-speed electric railway from its Indian Ocean port of Lamu to Ethiopia and South Sudan. The 3 000 km standard-gauge railway will link the new port to the central Kenyan town of Isiolo, and branch into three to Addis Ababa, Juba and Nairobi, according to [...]

A southern African bloc of nations backed a $17-billion natural gas infrastructure plan to bolster energy supplies on a continent where almost half of the population lacks access to power. The 16-member Southern African Development Community approved the blueprint to invest in infrastructure such as pipelines and terminals for local and imported supplies. While not [...]

Infrastructure projects in South Africa have received a significant boost through a debut R1.5-billion debt issuance in the domestic market. The New Development Bank’s (NDB’s) bond issuance in South Africa is a landmark transaction for NDB, and local bank Absa Corporate and Investment Banking (CIB)  is pleased to participate in a transaction that will enable [...]

South Africa's Treasury has paid R16-billion to heavily indebted power utility Eskom, the first tranche of a debt relief package that will wipe off more than half its liabilities, acting CEO Calib Cassim said on Tuesday. The Treasury offered a total of R254-billion to the State-owned company in February so it can pay its debts to [...]

Thermal coal mining company Thungela will next month open a nursery to support the planting of a million trees and has already commissioned a hatchery to breed fish for reintroduction into the river ecosystem where aquatic life was wiped out earlier this year. The community-owned tree nursery will open in two weeks and the hatchery [...]

Chinese President Xi Jinping says China stands ready to import more quality products from South Africa, while also encouraging Chinese enterprises to invest in the country, which he described as a “strategic” bilateral and multilateral partner. China is South Africa’s single biggest trading partner and South Africa is China’s largest African trading partner, with bilateral [...]

International Atomic Energy Agency (IAEA) director-general Rafael Mariano Grossi on Tuesday gave the assurance that the agency would provide a continuing, objective, independent and impartial safety review during the discharging of treated water, currently stored at the Fukushima Daiichi nuclear power plant (NPP), into the sea. He assurance followed the announcement, also on Tuesday, by [...]

South Africa’s Industrial Development Corporation (IDC) and the Bank of China (BoC) have signed a framework agreement that could unlock a R10-billion funding package over the next five years to support regional projects in energy, infrastructure, manufacturing, agriculture, and mining. Signed ahead of the Brics summit in Johannesburg, BoC CEO Dr Longjian Chen said the [...]