South Africa has secured a transformative €500 million loan from the German Cooperation via KFW Development Bank to accelerate its Just Energy Transition (JET) plan marking a pivotal moment in the nation’s climate and economic strategy. This funding, announced by…
Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) has signed a transformative purchase agreement to acquire Metallix Refining for a cash consideration of US$82 million, representing a total enterprise value of US$105 million. Metallix, a seasoned player in the recycled precious metals space,…
Despite decades of growing bilateral ties and increased trade volume, South Africa’s Deputy President Paul Mashatile has raised concerns over a sharp and persistent trade deficit with China one that ballooned from under US$1 billion between 1988 and 2000 to…
Picture@KICO A new phase in South Africa’s mining legacy is unfolding as the Gauteng Department of Health, in partnership with the Medical Bureau for Occupational Diseases (MBOD), launches Phase Two of the Ex-Mine Workers Social Security Benefits Programme. The rollout…
The $2 billion Super Pit Expansion Project at Barrick Gold Corporation’s Lumwana copper mine is officially underway, marking a historic transformation of the site into a Tier One copper-producing powerhouse. Once plagued by high costs and inefficiency in 2019, Lumwana…
In a pivotal moment for South Africa’s energy recovery, Eskom has brought Unit 4 of the Medupi Power Station back online eight months ahead of schedule restoring 800MW to the national grid. The unit’s return at precisely 20:29 on Sunday,…
A newly released FNB Retirement Insights Survey delivers a sobering wake-up call to South Africans: while many envision retirement as a time of freedom and financial ease, the reality is vastly different for most. Despite 60% of adults under 60…
South Africa’s Minister of International Relations and Cooperation, Ronald Lamola, brought clarity and conviction to the global stage this week at the 4th International Conference on Financing for Development. Speaking at a high-level roundtable on “Revitalising International Development Cooperation,” Lamola…
There is a revolution simmering in Africa’s mining sector not from deep below the ground, but from classrooms, laboratories, and convention centers. Fresh young blood is rising to the top, and it is rewriting the industry’s vision of its own…
In a game-changing step toward inclusive development, South Africa has signed a US$1.5 billion Development Policy Loan agreement with the World Bank to modernize infrastructure, boost energy reliability, and enhance freight transport. The 16-year loan featuring a 3-year grace period…
South Africa has launched a powerful crackdown on the country’s illicit fuel trade, a criminal network costing the state an estimated R3.6 billion annually. In a sweeping four-month campaign, the South African Revenue Service (SARS), in partnership with SAPS through…
South Africa has made significant strides in strengthening its financial integrity, with the Financial Action Task Force (FATF) announcing that the country has substantially completed all 22 action items required to exit the greylist. The decision, confirmed at the FATF…
