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Brikor plans to delist from the JSE

Published: 04 Jul 24

The board of directors of building materials manufacturer and supplier Brikor has advised shareholders that it is considering proposing an arrangement to repurchase the shares held by the remaining shareholders in Brikor, other than those of Nikkel Trading 392 and the Brikor Share Incentive Scheme. Thereafter, Brikor's shares will be delisted from the JSE.

CBE commits to professionalise construction sector alongside new infrastructure Minister, Deputy Minister

Published: 04 Jul 24

Regulatory body the Council for the Built Environment (CBE) has welcomed the appointments of Public Works and Infrastructure Minister Dean Macpherson and Deputy Minister Sihle Zikalala, and says it will work with them to professionalise the built environment sector. "We aim for a future in which our sector is recognised not just for its bricks and mortar, but for its contributions to society and economic development.

A rhino whose horns have been injected with radioactive pellets

Venture capital sought to fund atomic rhino poaching deterrent

Published: 04 Jul 24

A South African startup that’s promoting the use of implanted radioactive pellets to deter the poaching of endangered animals such as rhinos is seeking venture capital support to roll out the project commercially. The Rhisotope Project, which began in 2021, last month inserted the pellets into the horns of 20 rhinos as the final research stage before marketing the technology. Now, in order to roll out the program, it needs to raise close to $1-million.

Stellenbosch University immunologist Professor Clive Gray

Harry Oppenheimer Fellowship Award recognises vital HIV research of Stellenbosch immunologist

Published: 04 Jul 24

The Oppenheimer Memorial Trust (OMT) has awarded its prestigious Harry Oppenheimer Fellowship Award to Stellenbosch University immunologist Professor Clive Gray. Each year the award recognises world-class research that has far-reaching positive impacts on society.

SAA to add 64% new destinations as it rebuilds

Published: 04 Jul 24

South African Airways (SAA) plans to add 64% new destination from its hub in Johannesburg by the end of April as it rebuilds its business to focus on regional and international routes after a deal with an investor collapsed. The company is aiming to add nine destinations to its existing 14 and also plans to boost the number of aircraft by 50% to 21 by March, interim CEO John Lamola said, adding that the South African flag carrier has the cash to fund its expansion.

A rare South African export success is threatened by crumbling ports

Published: 04 Jul 24

At a packhouse at Blydevallei Boerdery, near South Africa’s eastern border with Mozambique, workers pluck unripe grapefruit off a conveyor belt. It’s the best chance of getting them to export markets thousands of miles away before they spoil. The citrus farm is just one of many fruit producers in South Africa threatened by the near collapse of the state rail and ports company, Transnet Instead of railing its grapefruit, lemons and oranges to the port of Durban, it sends them on 20-hour truck trips. Then they can spend days in queues outside the harbor before being shipped to countries such as South Korea and nations in the Middle East.

UAE'S IHC unit withdraws offer for Vedanta's Zambian copper mines over price

Published: 04 Jul 24

The UAE's International Resources Holding (IRH) has withdrawn a bid to buy a stake in Vedanta Resources' Zambian copper mines, it said on Wednesday, after talks collapsed because of a failure to agree on the assets' value. IRH, an arm of United Arab Emirate (UAE)'s International Holding Company, the emirate's richest company, had offered to buy a 51% stake in Vedanta's Konkola Copper Mines (KCM) for more than $1-billion, Reuters reported in April.

Vale picks mining veteran to lead base metals turnaround

Published: 04 Jul 24

Vale has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people familiar with the matter. The board of the Rio de Janeiro-based company chose Usmar to head Vale Base Metals, said the people, who asked not to be identified because the information isn’t public. The appointment has yet to be confirmed and it’s possible things could change, one of the people said.