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Underground construction employee dies at Harmony's Mponeng mine
Published: 02 May 24
Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, was killed at its Mponeng mine near Carletonville, in Gauteng, on May 1. The nature of the incident that led to the fatality is under investigation.
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Underground construction employee dies at Harmony's Mponeng mine
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Diamcor announces C$1.5m private placement
Published: 02 May 24
Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing will be subscribed to by existing larger shareholders, management and directors. The company says the financing will consist of up to 30-million units at a price of C$0.05 each, with each unit consisting of one common share of the company and one common share purchase warrant.
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Diamcor announces C$1.5m private placement
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South African tech startups have three more days to enter Irish Tech Challenge
Published: 02 May 24
High-impact South African startups have until May 5 to submit their applications for the Irish Tech Challenge South Africa, which promises to provide winners global market access. The challenge is a partnership between the Embassy of Ireland in South Africa, the Department of Science and Innovation (DSI), the Technology Innovation Agency, and implementing partners, University of the Witwatersrand’s Tshimologong Digital Precinct, and Dogpatch Labs in Ireland.
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South African tech startups have three more days to enter Irish Tech Challenge
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Akobo says production start-up date in Ethiopia uncertain
Published: 02 May 24
Scandinavian gold exploration and mining company Akobo Minerals has informed shareholders of the progress it is making in solving recent challenges with nationwide fuel supply disruptions and new customs procedures, finally enabling full site activity at its Segele mine, in Ethiopia. Production start-up is, however, still uncertain, but has been delayed to July or August.
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Akobo says production start-up date in Ethiopia uncertain
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Former Audi SA head moves to Ford as sales director
Published: 02 May 24
Ford South Africa has appointed Ryan Searle as its new sales director, effective May 1. Searle joins Ford after six years as the head of Volkswagen passenger sales where he was responsible for sales and market share performance for its South African dealer network, including sales strategy and demand planning for the various sales channels.
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Lower income consumers are being priced out of the car market – TransUnion
Published: 02 May 24
TransUnion Africa CEO Lee Naik says a tough economic environment characterised by cost-of-living challenges, high fuel costs and currency depreciations have resulted in a notable decline in vehicle sales and financing in South Africa. However, while this contraction is expected to persist, manufacturers and dealerships are stepping up their efforts to help consumers enter, or re-enter the auto market, he notes.
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Thungela announces passing of Thero Setiloane
Published: 02 May 24
Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His contribution to the group, his in-depth knowledge of the mining sector, and his warm personality will be missed,” Thungela stated in a Stock Exchange News Services announcement on Thursday.
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Galileo receives second payment from Afrimat for Glenover business, last payment expected soon
Published: 02 May 24
London-listed Galileo Resources has confirmed receipt of a second payment totalling R48-million, or £2.1-million, from JSE-listed diversified miner Afrimat in its option to buy shares in Glenover Phosphate. The agreement between the companies signed in December 2021 entailed Afrimat exercising an option to acquire Glenover through shares and shareholder loans, in which Galileo had a 30% direct and 4.9% indirect interest through a company called Galagen.
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New Mulilo CEO says South Africa’s renewables, storage markets poised for exponential growth
Published: 02 May 24
Independent power producer Mulilo reports that Jan Fourie has officially assumed the role of CEO, where he will oversee the company’s growth ambitions in South Africa’s public-procurement and private-offtake markets for both renewable energy and battery storage. Fourie, who is an electrical engineer with a master’s in business administration, has 17 years of experience in the African power sector, most recently as a senior executive as Scatec.
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Energy Council welcomes passing of Climate Change Bill
Published: 02 May 24
Industry organisation the Energy Council of South Africa has welcomed the passing of the Climate Change Bill by Parliament on April 25. “The Climate Change Bill is a critical piece of legislation that seeks to enable the development of an effective climate change response and a long-term just transition to a low-carbon and climate-resilient economy and society for South Africa,” the council points it.
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