As telecommunications giant MTN continues implementing its Ambition 2025 strategy, it has entered into commercial agreements with Mastercard to support the acceleration and growth of the fintech business’s payments and remittance services. MTN and Mastercard signed a memorandum of understanding for a minority investment by Mastercard into Group Fintech based on a total enterprise valuation [...]

Construction group Concor this month reached the milestone of completing 800 out of a planned 4 000 homes in its R3-billion Conradie Park development in Cape Town. The development completed its first phase with the occupation of the Greenmarket complex comprising 432 units, in January, last year. 

JSE-listed energy and chemicals multinational Sasol says it expects to report a 2% to 16% year-on-year decrease in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to between R60.6-billion and R70.6-billion for the financial year ended June 30. In a trading statement ahead of the August 23 publication of its results, the company says [...]

The Transnet National Ports Authority (TNPA) has released details of the companies participating in the three consortia shortlisted to participate in an upcoming bidding process to design, fund and construct a greenfield deep-water port at Boegoebaai in the Northern Cape, as well as rail infrastructure linking the port to mines in the province. The three [...]

Independent international engineering and consulting firm ILF Consulting Engineers (ILF) has entered into a partnership agreement with Hyphen Hydrogen Energy, which is preparing to build a $10-billion green hydrogen project in southern Namibia. The project is being developed in the Tsau // Khaeb National Park, near Lüderitz, and could produce 350 000 t/y of green [...]

Johannesburg will get no special treatment from Eskom when it hosts a major Brics summit later this month, Electricity Minister Kgosientsho Ramokgopa has said.  The 15th Brics summit will take place at the Sandton Convention Centre in Johannesburg between 22 and 24 August. The summit will be attended in person by the leaders of Brazil, India [...]

Government reports that Eskom has spent R9.2-billion on diesel since the start of the State-owned utility’s financial year on April 1, which it claims to be marginally below an initial budget for the period of R9.7-billion. The Presidency’s Rudi Dicks provided the figure during a regular weekly update on the implementation of the Energy Action [...]

The water-mining interdependence, or nexus, poses several operational challenges to mining companies, including physical, reputational and regulatory-related risks and, as water-related risks continue to rise in the mining industry, it will become increasingly essential for companies to implement water risk management strategies and disclose water-related data. Water is a fundamental input for the mining sector, [...]

Last year nuclear energy generated 25% of the world’s clean (greenhouse gas emissions-free) electricity, and ranked second only to hydropower as a clean energy source, reported the World Nuclear Association (WNA) in its newly published “World Nuclear Performance Report 2023”. Total electricity generated by nuclear energy last year was 2 545 terawatt hours (TWh), and 2022 [...]

Engineering News editor Terence Creamer discusses the latest developments with regard to the Koeberg nuclear power station, a big battery storage programme and the unbundling of Eskom.

State-owned electricity utility Eskom has confirmed that Unit 1 at the Koeberg nuclear power station, in the Western Cape, is currently scheduled to return to service only on November 3. The unit entered an extended outage on December 10 last year, which was initially scheduled to be completed in 180 days and returned to service [...]

The South African government has announced the new boards of directors for both the National Nuclear Regulator (NNR) and the National Radioactive Waste Disposal Institute (NRWDI). The NNR serves to ensure that people, property and the environment are protected against nuclear damage. It does so by establishing and enforcing safety standards and regulatory practices. It [...]