The Presidency is exploring several avenues for increasing the grant component in the financing of South Africa’s Just Energy Transition Investment Plan (JET-IP), following broad-based stakeholder criticism about the limited nature of such funding in the initial $8.5-billion pledge made by various developed countries. The head of the Presidency’s JET-IP project management unit (PMU), Joanne [...]

In addition to the interim dividend of $2.8-billion, diversified mining company Glencore on Tuesday announced a top up of $2.2-billion, which lifted this year’s total announced shareholder returns to $9.3-billion. “If you look at the results as a whole for 2023 versus some of our history, and if we exclude 2022 – which, as we [...]

South Africa’s government will need another two to three months to complete an energy transition implementation plan, further delaying the flow of funds from an $8.5-billion climate finance agreement with some of the world’s richest countries. More work needs to be done on how to reskill workers from coal-dependent communities as coal-fired plants gradually close [...]

International data and analytics company GlobalData has forecast that the global defence artificial intelligence (AI) market will expand dramatically by the end of this decade. And that a key part of the global AI market environment during this period will be what the company describes as an escalating “tech war” between the US and China. The worldwide defence [...]

The South African National Roads Agency Limited (Sanral) has announced the restart of construction work on the R4.05-billion Mtentu Bridge contract, in the Eastern Cape. The Aveng Strabag joint venture (JV), responsible for building the then R1.6-billion structure, walked out on the project in early 2019, following months of violent community protests.

Four out of the five top-tier gold-mining assets of AngloGold Ashanti are in Africa. As the cornerstones of the company, these tier 1 mines are Geita in Tanzania, Obuasi and Iduapriem in Ghana, and Kibali in the Democratic Republic of Congo. (Also watch attached Creamer Media video.)

A total of 17 bids have been received in response to the Department of Mineral Resources and Energy’s (DMRE’s) inaugural public procurement for battery energy storage system (BESS) projects. The BESS request for proposals was launched on March 7 with an initial bid submission deadline of July 5, which was subsequently postponed to August 2 [...]

South African citrus farmers want their government to lodge a complaint against the European Union at the World Trade Organisation over the European bloc's citrus black spot regulations which they say threaten thousands of jobs. The measures imposed by the EU in June 2022 require enhanced cold treatment for citrus exports due to concerns over [...]

South African citrus farmers want their government to lodge a complaint against the European Union (EU) at the World Trade Organisation over the European bloc's citrus black spot regulations which they say threaten thousands of jobs. The measures imposed by the EU in June 2022 require enhanced cold treatment for citrus exports due to concerns [...]

A strong call has been made for illegal mining in the area of the R2.5-billion Mogale Tailings Retreatment on Gauteng’s West Rand to be brought to a halt. “It will not be tolerated on our site,” Pan African Resources CEO Cobus Loots has made clear. (Also watch attached Creamer Media video.)

The National Nuclear Regulator (NNR) has granted State-owned national electricity utility Eskom an extension of the date by which it must supply still-outstanding information concerning a nuclear site licence application. Eskom is currently responsible for all nuclear energy generation in South Africa, owning and operating the country’s only nuclear power plant (NPP), at Koeberg (situated [...]

The Development Bank of Southern Africa (DBSA) has announced its highest ever profit of about R5.2-billion for the 2022/23 financial year. The development finance institution (DFI) says its commitment to sustainable development across the region has yielded a strong fiscal performance, closing the year off in a good financial position.