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EOH appoints new interim CEO, non-executive directors after resignations
Published: 31 May 24
JSE-listed information technology services company EOH has appointed Marius de la Rey as interim CEO, Veronica Motloutsi as an independent nonexecutive director, and Dennis Venter and Rhys Summerton as non-independent nonexecutive directors, effective from May 30. This comes after EOH chairperson, interim CEO and director Andrew Mthembu resigned. Fatima Newman stepped down as a director but will remain as EasyHQ CE. Bharti Harie resigned as independent non-executive director.
The home of Malbec wine makes a play for copper in Argentina mining revival The home of Malbec wine makes a play for copper in Argentina mining revival
Published: 31 May 24
Argentina’s Mendoza province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to restrictions and red tape. Authorities have identified a vast region in the Andes Mountains — about the size of New Jersey — where they plan to expedite environmental permits with blanket authorization to unlock copper projects and tap a booming market of the metal needed for the global push toward electrification.
Emira Property Fund CEO Geoff Jennett Emira reports strong full-year operational results
Published: 31 May 24
Despite high interest rates and difficult operating conditions, JSE-listed Emira Property Fund reported strong operational results, strategic delivery and capacity-enhancing active capital recycling for its financial year ended March 31. The company declared a full-year dividend a share of 117.02c, and its net asset value a share increased by 2.2% to R17.33.
South Africa achieves trade balance surplus of R10.5bn in April
Published: 31 May 24
South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and imports of R159.1-billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).
Armscor lab to host African scientists for anti-chemical warfare course
Published: 31 May 24
A division of the Armaments Corporation of South Africa (Armscor), Protechnik Laboratories, will soon host 22 scientists from 14 countries for an analytical chemistry course. Protechnik has been offering the course yearly for 14 years and will, this year, host the course at Techno Park, in Centurion, from June 3 to 14.
An image showing SMMEs at Coega Coega achieves R1bn SMME procurement spend for 2023/24
Published: 31 May 24
The Coega Development Corporation’s (CDC’s) Small, Medium-Sized and Microenterprises (SMME) Development Programme has achieved procurement spend of over R1-billion for the 2023/24 financial year. This achievement equates to 69.42% of the total spend for the year and relates to the overall spend allocated to SMMEs across the organisation’s infrastructure development portfolio, which includes the Department of Health, Department of Education and the Department of Public Works and Infrastructure, among others.
Image of the JustGo logo JustGO CarPooling connects people looking for a city-to-city ride
Published: 31 May 24
Online bus and flight-ticket sales specialist JustGO has launched a new CarPooling service. Using an online booking platform on which drivers can post their availability for inter-city travel, JustGO CarPooling connects drivers and passengers along city-to-city routes throughout South Africa.
Perseus progressing work streams at Nyanzaga project after buyout
Published: 31 May 24
ASX- and TSX-listed Perseus Mining has completed the acquisition of the Nyanzaga gold project, in Tanzania, through the takeover of OreCorp, chairperson and CEO Jeff Quartermaine informs. The compulsory acquisition process of the remaining OreCorp shares was completed on May 20, and Perseus now owns 100% of the shares in OreCorp.
Solar power panels at South Deep gold mine. ESG intrinsic to long-term mining success, Gold Fields AGM hears
Published: 31 May 24
Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting (AGM) of the Johannesburg- and New York-listed gold mining company. “We have a critical role to play in addressing some of these key challenges facing society at large. The commitment to reducing our carbon emissions by investing in renewables projects is a case in point.
Kavango identifies first high-priority copper drilling targets at Karakubis
Published: 31 May 24
The first high-priority targets have been identified for Phase 1 of drilling on London-listed Kavango Resources’ Karakubis copper project, which is situated in Botswana, on the Kalahari Copper Belt (KCB). Specialist geophysical consultant Emergo has completed inversions on airborne electromagnetic (AEM) data over the central portion of survey block 1A of the project.
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