Anglo American has partnered with French subsidiary, EDF Renewables SA to form a new jointly owned company, Envusa Energy, to develop a renewable energy ecosystem (“RREE”) in South Africa, which will help fast-track SA’s decarbonisation and take care of Anglo’s power needs. Envusa will launch 600mw of wind and solar projects in its first phase. […]

South African expat and billionaire entrepreneur Elon Musk has had a change of heart and is now planning to go ahead with his original $44-billion offer to take Twitter Inc private, sources familiar with the matter told Reuters, potentially ending the bitter feud between the Tesla chief and the social media company. And allowing Musk […]

South African motorists will breathe a sigh of relief at the pumps this week as the price of all grades of petrol is set to come down by between 89 cents and R1.02 a litre. This marks the third consecutive month of decreases following increases experienced this year. The Department of Mineral Resources and Energy […]

Another mine dam wall was reported to have collapsed at the disaster-stricken diamond mine in Jagersfontein, just weeks after a similar incident at the same site left at least one person dead and 70 injured; as well as damaging 60 homes and 2,615 hectares of grazing land. Free State Premier, Sefora Ntombela, issued a statement […]

Special Investigating Unit (SIU) head, Advocate Andy Mothibi, says the unit has gathered enough evidence for civil, prosecutorial and disciplinary action to be taken against those who allegedly “siphoned” some R279 million from the coffers of the National Lotteries Commission (NLC). The corruption-fighting unit recently concluded the first phase of an investigation into allegations of […]

The board of South Africa’s power utility Eskom is expected to be “reconstituted and restructured” following a meeting with Department of Public Enterprises Minister, Pravin Gordhan. The State-owned electricity company has been facing serious and recurring challenges since June this year – reaching a nadir of Stage 6 load shedding twice over the past four […]

South African National Parks (SANParks) Airwing has received a R4,5-million donation for much-needed fuel for their anti-poaching operations. The symbolic handover was made by TotalEnergies Marketing SA MD and CEO, Mariam Kane-Garcia. It also marked TotalEnergies and SANParks long-term relationship of 60 years, in which TotalEnergies has focussed on nature conservation and contributing to the […]

Given the unpredictable performance of Eskom’s fleet of coal-fired power stations, President Cyril Ramaphosa has admitted that the country will not be able to eliminate load shedding in the short term. Just this week in South Africa Eskom is implementing Stage 3 load shedding between 00:00 and 16:00 until Thursday, while Stage 4 load shedding […]

Air Belgium has signed a new commercial agreement with South Africa’s independent and premier airline, Airlink, which conveniently connects customers travelling to or from Brussels, with 36 destinations across Southern Africa. This follows the recent inauguration of Air Belgium’s new service between Brussels, Johannesburg, and Cape Town, using the fuel-efficient Airbus A330neo aircraft. This first cooperation […]

Stage 3 loadshedding will continue to be implemented at 00:00 – 16:00 daily until Thursday; while Stage 4 loadshedding will be implemented daily during the evening peaks between 16:00 and 00:00, Eskom said in a statement on Sunday afternoon. The power utility said it will issue a further update on Wednesday afternoon, or as soon […]

SAA’s board chairperson has denied that South African Airways’ future is at risk. John Lamola today dismissed claims that the state-owned carrier – which was once the pride of the nation – is facing liquidation due to delays in the conclusion of the strategic equity partnership (SEP) transaction with Takatso Consortium. Lamola said the media […]

The South African Reserve Bank’s Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 75 basis points. This increase means the repo rate will now be 6.25% per year from tomorrow (Friday) 23 September 2022, with prime now at 9.75%. The level of the repurchase rate is now closer to the level prevailing […]

Once billed as “the Ikea of Africa,” Steinhoff employed over 130 000 people on over 40 brands across four continents. Steinhoff-owned companies every South African will know include giants like Ackermans, Incredible Connection, Morkels, Pennypinchers, PEP, Russells, Tekkie Town, and Timbercity. On 5 December 2017, CEO Markus Jooste resigned amid an investigation into accounting irregularities, […]

The pension of former National Lotteries Commission chief operating officer Phillemon Letwaba has been frozen by the Special Tribunal. The Special Tribunal has frozen the R2.8-million pension of former National Lotteries Commission chief operating officer Phillemon Letwaba. This follows an application by the Special Investigating Unit, which was authorised in 2020 by President Cyril Ramaphosa […]

Around 91 new property owners have shot the lights out in the best possible way, with Rawson Developers’ very first Atlantic Seaboard luxury apartments sold out in less than half an hour. The launch of this joint venture with the Berman Brothers Group drew property investors and residents from across the income spectrum and world, […]

President Cyril Ramaphosa says resolving the energy crisis is critical to ensure that the economic and investment potential of the country is realised. His comments come after South Africa was plunged into Stage 6 load shedding for the second time this year, prompting the President’s urgent return to the country during an international trip. Households […]

JOHANNESBURG, Sept 19 (Reuters) – South African President Cyril Ramaphosa will miss the United Nations General Assembly this week, instead returning home from Britain to address a national power crisis, his spokesman told local media including television channel eNCA. State-owned power utility Eskom moved to “Stage 6” electricity outages on Sunday for only the third […]

Eskom CEO, Andre de Ruyter, says the power utility is working hard to bring back failing generation units and restore stability to the grid. His pledge comes after multiple trips, breakdowns and delays in return to service at generation units caused the implementation of Stage 6 load shedding over the weekend. De Ruyter said teams […]

President Cyril Ramaphosa will be cutting short his overseas trip to return home to South Africa to deal with the Eskom crisis which has plunged SA into Loadshedding (pre-planned power cuts) Stage 6. In a media briefing this morning, Eskom admitted that the powerlessness could get even worse, with unplanned blackouts that would take South […]

Just after 4am last night, South Africans were plunged into Stage 6 loadshedding. This came after the tripping of a generation unit each at Kusile and Kriel power stations, Eskom said in a tweet on its Twitter page. The power utility – which at this stage appears to not have much power – appealed again […]

Deputy President David Mabuza has acknowledged that illegal mining is a major challenge in South Africa, and says that the Department of Mineral Resources and Energy will appoint specialised teams in each province to fight illegal mining. “It has grown to the point where it is a major source of concern not only for the […]

To get into the world of forex trading, you will first require a credible broker. This broker has to be an expert in terms of knowledge, experience, and the links they have in the industry. There are certain terms that both trader and broker need to be aware of and understand in order to make […]

Nearly a dozen police vehicles, buses and cars have been torched during violent retaliation allegedly by amaphela drivers. By Nombulelo Damba-Hendrik and Siphokazi Mnyobe. At least seven suspects have been arrested. This follows the torching of a dozen vehicles and a part of a clinic during unrest in Nyanga and Phillipi this week. The protests […]

With a strike by pilots at Lufthansa today (Friday 2 September), hundreds of the German airline’s flights have been cancelled affecting an estimated 130,000 passengers, including those from South Africa. Passenger Liane Dickson was due to fly to Amsterdam from Johannesburg via Frankfurt, but the second leg of her flight was cancelled before she left […]

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