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New-vehicle sales gain 2.2% after eight months of decline, Suzuki swoops into second place

Published: 17 May 24

New-vehicle sales have finally moved into positive territory following eight gruelling months of decline. Not all market segments experienced growth, however.

Millennials, Gen-Zs want cars but are struggling to afford them – WesBank

Published: 17 May 24

Young South Africans, aged 35 and younger, are demonstrating a growing preference for private mobility. This is evident in recent WesBank data that shows a consistent increase over the past three years in the number of vehicle finance applications for new and pre-owned cars by Millennials and Gen-Zs.

AES Gauteng regional manager Jordan Smith standing in front of a company sign for AES

Rubber companies urged to go green

Published: 17 May 24

There is a strong drive in and among rubber companies to exchange fossil fuels for renewable-energy sources, says steam and boiler service provider Associated Energy Services (AES). AES Gauteng regional manager Jordan Smith and AES operations associate director Ray Lund work closely with rubber belting and tyre manufacturers in Gauteng and the Eastern Cape, and stress that, for decades, South Africa’s rubber has been a major material used in both the mining and automotive sectors.

Daunia mine, Australia

Published: 17 May 24

A coal mine located 30 km south-east of Moranbah, and about 170 km south-west of Mackay in Queensland.

Horizonte goes into administration amid funding shortfall for Brazil nickel project

Published: 16 May 24

Dual-listed Horizonte Minerals has appointed Chad Griffin and Geoff Rowley as administrators, following its inability to secure full financing for the Araguaia nickel project, in Brazil. Despite negotiations with secured creditors and both existing and potential investors to explore alternative restructuring options, the board had concluded that administration was necessary to safeguard the company’s value for creditors and stakeholders.

Jupiter plans to replicate sustainability approach of Tshipi at other manganese mines

Published: 16 May 24

ASX-listed Jupiter Mines continues to advance environment, social and governance (ESG) initiatives at its 49.9%-owned Tshipi manganese mine, in South Africa, alongside its partner Ntsimbintle Mining. Jupiter CEO and MD Brad Rogers says ESG for the company is about real sustainability, genuine actions and continuing in a credible way the great work that is already occurring at the Tshipi mine.

Alley Roads’ Riverstone Mall kickstarts R600m development injection for Meyerton

Published: 16 May 24

Property developer Alley Roads has unveiled Riverstone Mall in Meyerton – its first retail development currently under construction – as part of its pipeline of 175 000 m2 of retail space earmarked for township and peri-urban areas across South Africa. The development of the R370-million mall, currently under construction, is financed by Rand Merchant Bank, a division of FirstRand Bank, and is scheduled to open in early-2025.

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.