To unlock sustained investment Africa must ‘resolve problems that keep investors away’ . If Africa is to seize the opportunities of the future, it needs to mobilise large-scale, sustained investment, especially in infrastructure, President Cyril Ramaphosa said in his address at the Africa ...

Africa poised to be global renewable-energy leader – AfDB president . African Development Bank (AfDB) president Dr Akinwumi Adesina says Africa is poised to become the leading region for renewable-energy globally and has reaffirmed the bank’s support for the ambitious ‘D...

Saudi Arabia makes $1bn bid for partnership with South African defence group Denel. Saudi Arabia has made a $1-billion bid for a broad partnership with South African State-owned defence group Denel that would include the acquisition of a minority stake in a joint venture with Germany'...

Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’. Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent actions taken by th...

Eskom issues senior managers with retrenchment notice. The board at State-owned electricity utility Eskom has approved a process that could result in the retrenchment of senior managers, the company confirmed on Wednesday.

Eskom said in a statement that...

African Development Bank plans R10bn in loans to Eskom. The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said.

"We plan to lend around $...

South Africa joins the IEA as an association country. South Africa has joined the International Energy Agency (IEA) as an association country in a move it believes will bring it closer to the cutting-edge of technology and global energy governance.

It ...

Transnet veteran Morwe steps in as acting CEO for next six months. Freight logistics group Transnet has appointed Tau Morwe as acting CEO for the six-month period from November 1, 2018, to April 30, 2019.

The appointment has been approved by Public Enterprises Mini...

Funding model not sustainable, warns Road Accident Fund as deficit soars to R206bn. The Road Accident Fund’s (RAF’s) net deficit has jumped from R179.9-billion in the 2017 financial year, to R206.3-billion in the 2018 financial year, with the bulk of this related to unpaid claims.

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Group Five says Ghanaian power project delayed. South African engineering firm Group Five said on Tuesday that construction on its Ghanaian Kpone power plant had been delayed once again due to fuel contamination.

The power plant, whose constructi...