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Eswatini govt issues new R4bn bond programme on South Africa's JSE

Published: 21 May 24

The Eswatini government has, through Absa Bank, recently issued a R4-billion bond programme on the JSE's debt board. This new issuance is the latest bond to list under the Protea Bonds segment, which includes rand-denominated bond issuances by foreign governments on the JSE.

MTN at Nampo 2024

Published: 21 May 24

Mobile telecommunications provider MTN IoT products head Lawrence Juku explains why digitalisation of agriculture is important to overcome traditional challenges and ensure sustainable farming operations while exhibiting at Nampo 2024, held from May 14 to 17, near Bothaville, in the Free State.

Suzuki Auto South Africa at Nampo 2024

Published: 21 May 24

Suzuki Auto South Africa PR & events manager Eileen Gengan discusses how the vehicle manufacturer is poised to support the needs of the country’s farmers at Nampo 2024, held from May 14 to 17, near Bothaville, in the Free State.

SAFEQUIP at Nampo 2024

Published: 21 May 24

Engineering News talks to fire safety solutions and products supplier SAFEQUIP MD Pierre Malherbe at Nampo 2024, held from May 14 to 17, near Bothaville, in the Free State, about how the company is addressing the challenges posed by lithium-ion batteries.

Haul trucks in operation at a West African mine

Use resources to diversify African economies, unlock sustainable growth

Published: 21 May 24

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP between 2001 and 2014, but since 2015, the GDP of the country has contracted and poverty increased. GDP per capita is decreasing and developmental gains have been reversed because of the inability to sustain economic growth.

TotalEnergies, Petronas, Sonangol to proceed with Angolan deepwater project

Published: 21 May 24

Energy company TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), have announced the final investment decision (FID) of the Kaminho deepwater project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, in 1 700 m of water. This FID has been made possible thanks to a close collaboration with the concessionaire Agencia Nacional de Petroleo e Gas (ANPG).

Zimbabwe asks miners to ramp up gold output to support ZiG currency

Published: 21 May 24

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new currency is anchored on gold production, we have to determine ways to increase production,” Chitando said Monday in a meeting with miners in the capital, Harare.

Reserve Bank warns carbon taxes may cut exports by 10%

Published: 21 May 24

South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank (SARB) said the hit could reach 10% of exports and more than 9% of gross domestic product in 2050 under a worst-case scenario in which carbon taxes are slapped on all exports by all trading partners. But it also found the impact could be much lighter, in a summary of several studies into the implications of the European Union’a new Carbon Border Adjustment Mechanism on South African exports.

Orange, Vodacom said in talks on African infrastructure deals

Published: 21 May 24

Vodacom Group is in discussions with France’s Orange about a strategic partnership in Africa to explore infrastructure deals to help keep down costs on the continent, people familiar with the matter said. The telecommunications companies are looking at agreements in overlapping markets including Egypt and the Democratic Republic of Congo, and reviewing where there are other opportunities to work together, said the people, who asked not to be identified because the discussions are private.

NOA Group acquires early-stage Khauta solar farm in the Free State

Published: 20 May 24

Local integrated energy company NOA Group has successfully acquired the 350 MW Khauta solar PV facility, near Welkom, in the Free State, from PNE, which started the development of the facility. The addition of the solar farm brings NOA’s total grid-secured assets to 500 MW and closer to its overall target of 5 GW.