Grinaker-LTA acquirer looks to build tier-one, black-owned contractor. The Laula Consortium, which is acquiring construction group Grinaker-LTA from Aveng for 100-million rand, reports that its goal is to transform the struggling contractor into a profitable tier-one, black-o...

Hulamin assures business remains strong as turnaround continues. JSE-listed aluminium supplier and exporter Hulamin CEO Richard Jacob on Friday assured shareholders that the underlying business remained strong, despite the "painful period" the company was currently ...

Grindrod sells marine fuels, agri investments to prioritise corridor strategy. JSE-listed freight and logistics company Grindrod has decided to dispose of its marine fuels business and its agricultural investments to focus its efforts on core operations. CE Andrew Waller on Frid...

Volkswagen to launch EV in South Africa in 2021, urges govt support. Volkswagen Group South Africa (VWSA) hopes to launch it first fully electric vehicle (EV) in the local market in 2021, should it be able to convince its German head office to bring the vehicle to South...

South Africa to seek budget spending cuts as debt climbs. South Africa is seeking to cut government budgets as it moves to contain debt after promising billions of rands to rescue its power utility and a weak economy damps tax collection. The National Treasu...

Allocate 5GW of renewables to mining regions to mitigate decommissioning impact - SAREC. The South African Renewable Energy Council (SAREC) has called for urgent dialogue between government, business, labour and civil society on the so-called 'just energy transition' in order to craft an a...

South Africa does not need domestic EV market to produce EVs, says Patel. There is an opportunity to bring battery electric and plug-in hybrid vehicle (EV) production to South Africa, without first developing a domestic market and charging infrastructure for these vehicles, ...

Arms Deal: Seriti inquiry findings set aside. The Gauteng High Court in Pretoria has set aside the findings of the arms deal commission of inquiry, with costs. In handing down judgment on Wednesday, Judge President Dunstan Mlambo said that it is ...

Renergen concludes $40m OPIC loan for Free State LNG project. Emerging liquefied natural gas (LNG) and helium producer Renergen has signed a $40-million loan agreement with the Overseas Private Investment Corporation (OPIC), marking a significant milestone for th...

Saldanha Bay 'Freeport' lines up 58 prospective investors. The Saldanha Bay Industrial Development Zone (SBIDZ) is working with 58 prospective tenants for the special economic zone (SEZ), which is the first SEZ to be located within a domestic port and the only...