Mboweni homes in on wage bill as he holds R156bn expenditure-reduction line . Finance Minister Tito Mboweni stuck doggedly to the expenditure-reduction framework first outlined in October, announcing cuts of R156-billion relative to the 2019 Budget baseline for the coming three ...

AECI’s Mining Solutions business boosts group profitability in 2019 . JSE-listed chemicals manufacturer AECI reported growth in all its operating segments in the year ended December 31, and managed to achieve 10% growth in its headline earnings per share (HEPS).

The co...

Streamlined Aveng says core units are poised to grow as disposals taper . Infrastructure and resources group Aveng, which is at the tail-end of a far-reaching restructuring exercise that has already resulted in disposals collectively valued at R1-billion, reports that its tw...

Imperial’s gateway to Africa strategy taking shape . Logistics group Imperial aims to strengthen its proposition as “the gateway to Africa” with a potential expansion into air/ocean freight management, says CEO Mohammed Akoojee.

“We are strong in land-...

Industry strongly opposed to further tariff increases for Eskom . The National Energy Regulator of South Africa (Nersa) on Monday hosted the last of its public hearings on Eskom’s regulatory clearing account (RCA) application for the 2018/19 financial year, in Midran...

Sasol pulls back on capex as it seeks to deleverage from ‘peak gearing’ . Energy and chemicals group Sasol has indicated that its capital expenditure (capex) will continue to taper during its 2020 and 2021 financial years as the group seeks to deleverage a balance sheet that...

Sasol confirms making 600 MW own-gen proposal in response to DMRE RFI . Sasol CEO Fleetwood Grobler confirmed on Monday that the energy and chemicals group made a submission to the Department of Mineral Resources and Energy in line with its request for information (RFI) on...

Busa warns electricity tariff increases will hold industry back . Business Unity South Africa (Busa) has said it broadly opposes Eskom’s regulatory clearing account (RCA) application for 2018/19 and any future RCA applications that would result in electricity price i...

Glencore to harness heat energy from residual flare gas to generate electricity at Lydenburg smelter . JOHANNESBURG (miningweekly.com) – Glencore Operations South Africa (GOSA) on Tuesday signed an energy conversion service agreement with clean-tech company Swedish Stirling.

Swedish Stirling will inst...

As South Africa prepares to resume renewables procurement, new global report points to rising popularity of auctions . As South Africa prepares to restart its electricity procurement programmes, following a five-year hiatus, the global popularity of competitive auctions as the preferred instrument for procuring renewab...