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GoviEx hosts Minister at Madaouela to show its commitment to transparency, collaboration

Published: 08 May 24

TSX-V-listed GoviEx Uranium this week hosted a Ministerial delegation at its Madaouela uranium project, in Niger, amid ongoing discussions with government as the project development advances. Niger Mines Minister Ousmane Abarchi visited the site along with the governor of the Agadez region and local community officials.

Khan project exceeding Madison CEO’s expectations

Published: 08 May 24

Uranium exploration and development company Madison Metals CEO Duane Parnham has said the latest findings from the company’s Khan uranium exploration project at Madison West, in the Erongo uranium province of Namibia, have exceeded expectations. “We are on the cusp of something remarkable,” he said on May 7, following a recent visit to the site.

Image of COMRiC CEO Advocate Thokozani Mvelase

Telecommunications to play a critical role in upcoming elections

Published: 08 May 24

As South Africa approaches its 2024 national elections, scheduled for May 29, telecommunications infrastructure will play a key role in ensuring seamless communication among voters, electoral bodies and all stakeholders involved in the electoral process, the Communication Risk Information Centre (COMRiC) said on Wednesday. “As we approach the elections, the need for secure and reliable communication channels cannot be overstated. These systems are the backbone of electoral transparency and efficacy,” said COMRiC CEO Advocate Thokozani Mvelase, stressing the importance of robust telecommunications security to facilitate a successful electoral process.

High Commissioner Jeremiah Nyamane Mamabolo (left) and Honorary Consul Bassim Haidar (right) in the East of England port of Felixstowe

South Africa appoints new Honorary Consul in the UK to promote trade

Published: 08 May 24

South Africa has appointed a new Honorary Consul in the UK, it was announced on Wednesday. An Honorary Consul serves to promote South African exports to the country (or a specific region within a country) in which he or she is based, act as contact person for visiting South African businesspeople, distribute general information on South Africa, and represent the country at receptions and other functions. The new Honorary Consul is businessman Bassim Haidar. Born in Nigeria, he is the founder of mobile financial services and fintech company Optasia, which is active in 30 countries. He also has agribusiness interests in South Africa.

Panel highlights the urgency of climate change governance

Published: 08 May 24

A panel experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar hosted on April 17, 2024, by Creamer Media Webinars in collaboration with ESG Africa Conference. The session, which was moderated by ESG Africa Conference co-founder Wendy Poulton, provided insights into the evolving landscape of climate governance and the challenges and opportunities it presents.

West Red Lake announces C$30m bought-deal offering

Published: 08 May 24

West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units. The TSX-V-listed firm entered into an agreement with Raymond James as sole bookrunner to purchase 27.78-million units and 11.24-million charity flow-through units at C$0.72 per unit and C0.89 per charity flow-through unit.

A rescue worker and his dog search for survivors of the building collapse

Engineering organisations, labour dept urge patience as cause of George building collapse awaits determination

Published: 08 May 24

Civil engineering and construction industry organisations the South African Institution of Civil Engineering (Saice), Consulting Engineers South Africa (CESA) and Master Builders South Africa (MBSA) have urged patience to allow for investigations into the cause of the building collapse in Victoria street, George, on May 6. Employment and Labour Minister Thulas Nxesi has committed the Department of Employment and Labour (DEL) to undertake an Occupational Health and Safety Act investigation of the site once the rescue and recovery interventions have been completed.

Spar Group to list on A2X

Published: 08 May 24

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported revenue of R149-billion in 2023.

De Grey raises A$600m for WA gold project

Published: 08 May 24

Western Australian gold explorer and developer De Grey Mining has launched a fully underwritten A$600-million equity raising, derisking the equity component of the financing for the Hemi project. The equity raising comprises a A$344-million institutional placement and a 1 for 7.95 prorata accelerated nonrenounceable entitlement offer to raise A$256-million.

Messe Frankfurst South Africa MD Michael Dehn

Commercial vehicle industry poised to grow, grasp new opportunities despite challenges

Published: 08 May 24

The commercial vehicle industry in South Africa is getting to understand the opportunities in the automotive sector, such as in the autonomous vehicles space, despite various macroeconomic challenges, event organiser Messe Frankfurt South Africa MD Michael Dehn said during the Futureroad vehicle trade exhibition on May 3. He highlighted how the commercial vehicle industry continued to be a key driver of innovation and how it boosted the overall automotive industry’s ability to contribute 4.9% to gross domestic product and keep more than 110 000 people employed.