Business leaders have joined forces to launch Chapter Zero Southern Africa, a community of eminent board chairpersons and senior directors to lead and engage in boardroom discussions to ensure that fossil carbon emissions are halved by 2030.  This initiative was developed in collaboration with the World Economic Forum and represents the twenty-ninth chapter around the [...]

The De Beers Group faced off tricky macro-economic conditions to record first-half earnings before interest tax depreciation and amortisation (Ebitda) of $0.3-billion, with the diamond company’s 50% mining margin the highest within the Anglo American stable. “Operational performance at De Beers has been really good,” Anglo CE Duncan Wanblad told investment analysts and journalists at [...]

ArcelorMittal South Africa, which slumped to a R448-million loadshedding-induced loss in the interim period to June 30, expects renewable energy and regional infrastructure projects to stimulate a recovery in sales for the remainder of the year but probably without a commensurate price recovery. The JSE-listed company shocked the market on July 20, when it revealed [...]

African governments are unable to finance the $2.8-trillion needed for climate responses beyond the 10% of costs, or $250-billion, they have already committed as of 2022, owing to existing high levels of public debt. However, public finance management transformation can help to correct these countries' fiscal trajectories, free up domestic capital for the climate agenda and [...]

CEOs from over 115 leading corporations operating in South Africa and which collectively employ 1.2-million people and have a combined market value R11-trillion, have formally pledged to help the country overcome the problems currently undermine inclusive economic growth. The companies operate across all sectors of the South African economy, which is currently characterised by low [...]

Diversified chemicals group AECI delivered record growth in revenue; earnings before interest, taxes, depreciation and amortisation (Ebitda); and headline earnings per share (HEPS) for the six months ended June 30. The group’s revenue increased by 19% year-on-year to R18.4-billion, while Ebitda increased by 18% year-on-year to R1.83-billion.

City of Johannesburg (CoJ) manager Floyd Brink said on Wednesday that the municipality has mandated its Disaster Management Centre to finalise a report to declare the recent gas explosion in the CBD a local state of disaster. The report will be submitted to the Provincial Disaster Management Centre (PDMC) in the next seven days.

South African private sector airline Airlink has acknowledged the decision of the Johannesburg High Court, regarding the carrier’s application against the State-owned South African Airways (SAA). Airlink was seeking to recover about R890-million from SAA, but the Court dismissed its application. “Airlink respects the Court’s decision, it is after all the duty of the company’s [...]

Universal clean cooking access could be reached worldwide by 2030 with yearly investment of $8-billion, and clean cooking is a cornerstone of global efforts to improve energy access, gender equity, economic development and human dignity, says global body the International Energy Agency (IEA) executive director Dr Fatih Birol. Nearly one-in-three people around the world cook [...]

The heads of the Ghana Nuclear Regulatory Authority (NRA) and the US Nuclear Regulatory Commission (NRC) have reaffirmed their commitment to cooperate closely on nuclear safety and regulation. This reaffirmation, jointly by NRA director-general Nii Kwashie Allotey and NRC Chair Christopher T Hanson, was made at the end of last week when the latter was [...]

The official sod-turning ceremony for the Mogale Tailings Retreatment project on Gauteng's West Rand took place on Tuesday, July 25. The R2.5-billion project, near Krugersdorp and Kagiso, received a eyes-on-the-prize send off from the London- and Johannesburg-listed Africa-focused mid-tier gold producer.

South Africa’s State-owned Transnet National Ports Authority (TNPA) has shortlisted three consortia 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. Located some 20 km south of Alexander Bay, [...]