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Shirley Hayes Shirley Hayes appointed executive chairperson of Copper 360
Published: 16 May 24
JSE-listed Copper 360 has appointed Shirley Hayes executive chairperson. Until now, she had served as nonexecutive chairperson. The copper producer says the change to her position comes as the commissioning of two plants at Copper 360's mining operations will demand significant focus from the incumbent executive team.
Eskom says key revision number rollover project on track
Published: 16 May 24
State-owned Eskom says its key revision number rollover project is progressing well, with 3.61-million, or 52%, of the 6.9-million prepayment meters already recoded as of May 15. The main Eskom meter recoding project in all the nine provinces started in August 2023 after a successful pilot in Gauteng.
President Cyril Ramaphosa may sign ERA Bill ahead of the elections Eyes turn to Union Buildings after NCOP approves Electricity Regulation Amendment Bill
Published: 16 May 24
The National Council of Provinces (NCOP) has approved the Electricity Regulation Amendment (ERA) Bill, which has far-reaching implications for the future structure and operation of an electricity supply industry that has hitherto been dominated by Eskom. The Bill received support from all provinces besides the Free State, which lacked a mandate to vote, and the Western Cape, which argued that there had been insufficient time for provinces to consult their residents on the contents of the Bill.
Africa map Fraser Institute survey shows marked declines in African countries’ investment attractiveness
Published: 16 May 24
The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Niger, Mozambique, Zimbabwe and Senegal, have ranked among the lowest for investment attractiveness for mining exploration. Africa is unfortunately ranked as the region with the most jurisdictions towards the bottom of the overall Investment Attractiveness Index.
An image of Afrimat CEO Andries van Heerden Afrimat delivers strong full-year results, continuing growth
Published: 16 May 24
During its financial year to February 29, midtier mining and materials company Afrimat invested considerably in projects that are expected to yield fruitful returns and further strengthen diversity and competitive advantage, group CEO Andries van Heerden said. One such project was the Nkomati anthracite mine, which he said delivered a healthy return.
RMB provides bespoke $100m funding package to Powerfleet
Published: 16 May 24
Financial services provider Rand Merchant Bank (RMB) acted as the sole mandated lead arranger and funder of a $100-million funding package for global telematics business Powerfleet. The entity was created from a merger between Powerfleet and Mix Telematics. The combined business aims to become a top-tier global provider of Internet of Things and software-as-a-service solutions that optimise the performance of mobile assets.
The Msikaba bridge Concor’s Msikaba bridge progresses to highly technical phases
Published: 16 May 24
Construction at the Msikaba Bridge on the N2 in the Eastern Cape is set to move up a gear this year, with a number of challenging technical activities to be tackled. According to contractor Concor, these include post-tensioning the anchor blocks, installing pylon inserts and building the ladder deck.
Alboricah Rathupetsane Opinion: Time to open the floodgates on infrastructure development
Published: 16 May 24
In this article, Stellenbosch University PhD student and Centre for Sustainability Transitions junior researcher Alboricah Rathupetsane writes about the impact of extreme weather events on South Africa's infrastructure and the need for increased investment in infrastructure development, as well as to incorporate climate resilience in infrastructure.
Global mining community places Western Australia on notice Global mining community places Western Australia on notice
Published: 16 May 24
The release of the yearly Fraser Institute Survey shows that Western Australia’s stranglehold as one of the most attractive jurisdictions in the world for mining, is not to be taken for granted. The latest results show a declining trend in Western Australia in recent years, dropping from fourth in 2021, tenth in 2022, to seventeenth in 2023 on the ‘policy perception index’ (PPI).
Threats of legal action after Ramaphosa signs NHI into law Threats of legal action after Ramaphosa signs NHI into law
Published: 16 May 24
Civil society organisations and political parties are threatening legal action following Wednesday’s controversial signing of the National Health Insurance Bill. President Cyril Ramaphosa, who publicly signed the Bill into law amid significant criticism, said the NHI was an opportunity to “break with the prevailing inequality” in South Africa’s health system. He also called on stakeholders to work with government to ensure the NHI operates successfully. The Organisation Undoing Tax Abuse wants Ramaphosa to “return to the drawing board” and work with various industry experts to design a “workable” universal health care model. Outa said while it fully supported the constitutional right of all South Africans to proper healthcare, it warned that government was creating “false hope” by signing the NHI Bill into law just two weeks before the National Elections and questioned whether it was an election ploy. Meanwhile, official opposition Democratic Alliance Chief Whip Siviwe Gwarube said that the proposed NHI scheme, touted as the panacea for the country’s healthcare woes, was nothing more than a “political tool” wielded by the African National Congress to “manipulate” voters in the upcoming election. AfriForum is also preparing for a class action lawsuit against the government, Ramaphosa, Parliament and Minister of Health Joe Phaahla, for “the damage that South Africans will suffer under the unaffordable NHI policy”. Non-profit organisation Sakeliga said it opposed the implementation of the NHI, calling it an “unacceptable and irresponsible” legislative proposal. GOOD secretary-general and MP Brett Herron said his party supported the signing of the NHI Bill, describing it as a tool to address inequality and improve health care services for the majority. However, he said that it was “regrettable” that the Bill was being signed now, days before an election.
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