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An artist's impression of the Padel courts to be built at the Mall of Africa

Balwin adds padel courts to Mall of Africa offering

Published: 22 Apr 24

JSE-listed real estate investment trusts Balwin and Attacq will open six new rooftop padel courts at the Mall of Africa in Waterfall City as demand for the lifestyle sport gains momentum. Four of the courts will be covered and the venue will also host the first Balwin Padel Club, with amenities such as locker and shower facilities for players.

Zambian claimants get permission to appeal class action lawsuit against Anglo American

Published: 22 Apr 24

The Johannesburg High Court on April 19 granted permission to appeal an earlier ruling denying class action certification for 140 000 women and children in Kabwe, Zambia, who allege they have suffered the effects of lead poisoning as a result of a mine formerly owned by Anglo American in the country. In granting permission, Justice Leonie Wendell found that an appeal against her earlier judgment had “reasonable prospects of success on at least one ground of appeal” and that there were “compelling reasons to grant the appeal, as class action law is still being developed in South Africa”, and that “there are current matters of law of public importance which directly implicate constitutional rights”.

South32 reports improved operating results for March quarter

Published: 22 Apr 24

Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra Metallurgical Coal, in Australia. The group confirmed that its operating unit cost guidance for the 2024 financial year will remain unchanged, with the exception of the group’s Australia Manganese operations, which were affected by the impacts of tropical cyclone Megan.

South Africa must commit to, accelerate reforms to achieve growth – BLSA

Published: 22 Apr 24

Last week’s ‘World Economic Outlook’ (WEO) published by the International Monetary Fund (IMF) was a reminder of how far South Africa is from the kind of economic performance it should achieving as a country, Business Leadership South Africa (BLSA) CEO Busiswe Mavuso writes in her latest weekly newsletter. The WEO showed that the IMF is expecting South Africa to grow only 0.9% this year, rising to a still low 1.2% in 2025, she informs.

Lucapa sells three diamonds for $10.5m in first tender

Published: 22 Apr 24

ASX-listed Lucapa Diamond Company has sold three exceptional diamonds recovered from the Lulo mine, in Angola, for $10.5-million at tender. The tender was concluded on April 19 and was conducted by Sodiam, in Luanda.

Exploration drilling at the Toliara project

Base Resources, Energy Fuels to merge, create enhanced critical minerals company

Published: 22 Apr 24

ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common shares plus an unfranked special dividend of A$0.065 for each Base share held, equating to total consideration of about A$0.302 a share.

Gem Diamonds' 169.15 ct Type II white diamond

Gem Diamonds recovers 169 ct diamond in Lesotho

Published: 22 Apr 24

London-listed Gem diamonds has recovered a 169.15 ct Type II white diamond from the Letšeng mine, in Lesotho. The find marks the fourth diamond greater than 100 ct that Gem has recovered in the year-to-date.

Newmont promotes Hardy to chief technology officer

Published: 22 Apr 24

US-headquartered gold major Newmont on Friday announced the appointment of Francois Hardy as new chief technology officer (CTO). With more than three decades of technical and operational expertise in the mining industry, Hardy brings a wealth of experience to his new role. Having joined Newmont in 2002, Hardy has held various key positions within the company, including group head of exploration, MD for Africa and general manager at Tanami.

South Africa evades US censure even as it builds links to rivals

Published: 22 Apr 24

South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far. The Brics group of developing nations held its annual summit in South Africa last year and the Group of 20 is set to follow suit in 2025, highlighting Pretoria’s growing international sway. President Cyril Ramaphosa’s efforts to secure vaccines for Africa during the Covid-19 pandemic, help broker an end to Russia’s war in Ukraine and bring a genocide case against Israel at the International Criminal Court over its Gaza campaign have further enhanced its profile, despite the mixed results.

Project envisions rollout of smart LPG, solar systems, hydrogen stoves to 3.51m indigent households

Published: 22 Apr 24

Energy solutions company Kili Energy is spearheading a large-scale initiative, the Kili Energy Clean Energy Democratisation Project, to provide smart liquefied petroleum gas (LPG) canisters and stoves, smart solar systems and novel hydrogen-powered stoves to 3.51-million indigent households in eThekwini, Tshwane, Cape Town, Johannesburg, the OR Tambo district municipality and Nelson Mandela Bay. The aim of the project is to provide energy liberation for townships and other indigent households, while simultaneously contributing to the decarbonisation of the country’s electricity supply.