admin

Tawanda KaromboInternational ratings agencies expect South Africa’s economic performance to strengthen steadily over the next few years, with projections showing GDP growth rebounding by more than 1.5% between 2026 and 2028.This comes as S&P Global Ratings upgraded the country’s foreign-currency sovereign rating to BB, citing a more positive outlook for…

Tawanda KaromboSouth Africa’s Integrated Resource Plan (IRP) 2025 is set to significantly reshape the country’s coal industry, the Minerals Council of South Africa has said, even as coal output rose 1.5% in September amid a broader mining recovery.On a year-on-year bases, total mining production for South Africa increased by 1.2%…

Minister of Finance Enoch Godongwana has said that South Africa’s ports have seen significant efficiency gains in recent years.This comes as vessel waiting times are down 75%, while container handling has become faster, a trend confirmed by industry experts.Gondongwana last week noted that freight movement within the country had faced…

The National Energy Regulator of South Africa (Nersa) has approved an adjustment to Sasol Gas’s maximum gas price for the third quarter of the 2025/26 financial year, resulting in a 6% decrease from the previous quarter.Announcing the change on Friday, Nersa said the adjustment aligns with its June 2025 decision…

Tawanda KaromboLiberty Coal Mine Services (LMS) has become the principal mining contractor at Mpumalanga-based Optimum Colliery.Re-opening of Optimum Coal mine, with potential to produce 13.5 million tons of the energy commodity, is projected to be a boost for Eskom’s electricity generation in addition to restoring employment for the more than 500 workers at…

Tawanda KaromboSouth Africa’s construction sector continues to grapple with project delays, cost overruns, skills shortages, and governance failures, according to the Department of Public Works and the Construction Industry Development Board (cidb).Transformation in the sector also remains a key area of concern, officials noted following a two-day National Construction Summit…

The Minister of Finance, Enoch Godongwana, has appointed Lebogang Paul Mogashoa as the new Pension Funds Adjudicator for the Office of the Pension Funds Adjudicator (OPFA), in accordance with section 30C(1) read with section 30C(3) of the Pension Funds Act, 1956.According to the Treasury, this appointment is effective from December…

A British court ruled Friday that Australian mining giant BHP is liable for one of Brazil's worst environmental disasters, potentially paving the way for billions of dollars in compensation.A dam collapse in 2015 at an iron-ore mine run by a firm co-owned by BHP killed 19 people and unleashed a…

Goldrush Holdings said the award of the R180 billion National Lottery License to 50%-held Sizekhaya Holdings has been challenged by two other bidders in the courts.Commenting on JSE-listed Goldrush’s interim results released on Friday, Goldrush director Jan van Niekerk said these cases were ongoing, and shareholders would be updated as…

In a landmark decision that could reshape the financial landscape of the nation, S&P Global Ratings has announced an upgrade of South Africa’s credit rating, the first increment in almost 20 years. This upgrade signifies a recognition of the country’s improved economic trajectory, buoyed by stronger revenue performance, enhanced growth…