Legal services provider Norton Rose Fulbright South Africa (NRFSA) has appointed its Disputes Practice group leader Brent Botha as the firm's new CEO, effective October 1. He brings a wealth of experience and expertise in corporate and commercial litigation law, having earned a distinguished reputation for his exceptional legal counsel and strategic insights, regularly ranked by Who’s Who [...]

To unlock the estimated R235-billion in investment required to strengthen and expand the grid in a way that positions it to connect the 53 GW of new generation capacity that will be required by the early 2030s, a new consultation paper has been published making the case for South Africa to consider alternative funding models, [...]

UK-based global major propulsion and power group Rolls-Royce on Thursday reported “significantly improved” results for the first half of this year (1H23), in year-on-year terms. This better performance was led by its civil aerospace and defence businesses and also reflected the success of the group’s transformation programme. As a result, Rolls-Royce was, in late July, [...]

The Department of Mineral Resources and Energy (DMRE) has extended the deadline for submission for comments on the draft South African Renewable Energy Masterplan (SAREM) to August 18.    Over the past 18 months, the DMRE, working with industry stakeholders, experts, labour and other government departments, produced the SAREM, which articulates a vision, objectives and [...]

Gold mining company Pan African on Wednesday gave stern notice that it will not tolerate the actions of a few parties with selfish interests that want to derail the R2.5-billion Mogale Tailings Retreatment project, west of Johannesburg in the Kagiso/Krugersdorp area. Pan African possesses all the requisite permits to conduct gold recovery activities and for [...]

Construction on the Potsdam wastewater treatment works (WWTW) upgrade, the Western Cape’s second largest infrastructure project, has started. The R5.2-billion upgrade, which will double the plant’s capacity from 47-million to 100-million litres of treated wastewater a day, is expected to be completed by 2027, with the operational trial starting in 2026.

Industry body the Agricultural Business Chamber (Agbiz) has spoken out against Economic Freedom Fighters (EFF) leader Julius Malema’s chanting of anti-Apartheid slogan “kill the boer, kill the farmer” during the political party’s tenth anniversary celebrations at the FNB Stadium over the weekend of July 29. Other parties and prominent leaders have also condemned Malema’s chant, [...]

Another person has been arrested in connection with the R2.2-billion Kusile corruption case. The suspect was expected to appear at the Middelburg Specialised Commercial Crimes Court in Mpumalanga on Wednesday morning.

Development finance institution the International Finance Corporation (IFC) will provide financial services firm Absa with a loan of up to R4.5-billion to support the latter’s strategy to expand its green building finance portfolio, which will include new certified green buildings and mortgages. This will enable Absa to increase access to green building finance for developers [...]

JSE-listed Aspen’s fully-owned Mauritius subsidiary Aspen Global Incorporated (AGI) on July 31 concluded an agreement to acquire from Viatris the commercialisation rights and related intellectual property for a portfolio of well-known branded products in Latin America. The fair value of the products has been determined by AGI as $280-million. AGI will settle the consideration through [...]

The South African Nuclear Energy Corporation (Necsa) announced on Tuesday that it had signed a Memorandum of Understanding (MoU) with Russia’s TVEL Fuel Company. TVEL is a subsidiary of the State-owned Rosatom nuclear group, and the MoU covers cooperation in the area of nuclear fuel (and related components) production. The MoU was actually signed in [...]

American electricity utility Georgia Power on Monday announced that the first new nuclear power plant (NPP) built in the US in 30 years, Vogtle 3, had started commercial operation and was supplying electricity to consumers in the US State of Georgia. Vogtle 3 is a Westinghouse AP1000 pressurised water reactor. (Georgia Power is a subsidiary [...]