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CEO confidence improves in the second quarter

Published: 04 Jul 24

Financial advisory company Merchantec's CEO Confidence Index increased by six points to 51.4 in the second quarter, driven by a significant improvement in confidence in the consumer staples sector and the recent absence of loadshedding. The index has experienced notable fluctuations over the past few years. In 2023, it started at 44.4, gradually climbed to 51.4 by year's end, and continued this upward trend into this year, starting at 45.4 in the first quarter.

Digital nomad visas could attract professionals, Endeavor South Africa says

Published: 04 Jul 24

Entrepreneurial support organisation Endeavor South Africa says the South African remote work, or digital nomad, visa can help the local technology industry and entrepreneurs, and is a positive step towards positioning the country as a global hub for remote work, innovation and skills transfer. The visa, which came into effect on May 20 this year, will also contribute towards the economy, tourism and cultural exchange.

Panel discusses SAF production in Africa, its use in decarbonisation

Published: 04 Jul 24

Amid a global emphasis on decarbonisation, the adoption of sustainable aviation fuel (SAF) can contribute towards 2050 net-zero goals, panellists noted during a discussion on the second day of this year’s International Air Transport Association (IATA) Wings of Change Focus Africa conference. The panel discussed the implications of supporting economic growth in Africa while preparing for the impacts of climate change, outlining key considerations for financing SAF initiatives.

The Geobrugg management team cut the ribbon at the newly inaugurated manufacturing facility in Lanseria

Geobrugg inaugurates new steel wire mesh manufacturing facility

Published: 04 Jul 24

Steel wire net manufacturer Geobrugg Africa has inaugurated its first high-tensile steel production facility in Africa in Lanseria, Gauteng. The facility boasts a new TECCO manufacturing machine to manufacture high-tensile steel wire mesh. A second TECCO machine will be added in the third quarter of this year.

Coega secures approval for first-ever public sector limited recourse capital transaction

Published: 04 Jul 24

In support of special economic zone (SEZ) operator Coega Development Corporation’s ambitious renewable energy programme, the National Treasury has approved a limited recourse capital transaction – a first for the public sector. The transaction will finance the Coega solar rooftop programme, which forms part of a larger renewable energy pipeline for the organisation.

Honeymoon startup progressing to plan, reports Boss Energy

Published: 04 Jul 24

The commissioning and ramp-up of the Honeymoon uranium mine in South Australia is progressing to plan, with the mine having produced 57 364 lb of uranium oxide (U3O8) by the end of last month. Boss is set to make its first delivery to European nuclear utilities under its existing sales contracts, with revenue to be received in the current quarter.

Westgold achieves top end of revised FY24 guidance

Published: 04 Jul 24

Western Australia-focused Westgold has achieved the top-end of its 2024 production guidance, with 227 237 oz of gold produced during the year ended June 30. The ASX-listed company’s guidance was to produce between 220 000 oz and 230 000 oz in the 12 months.

Katoro appoints Cullen interim CEO

Published: 04 Jul 24

Aim-listed Katoro Gold has appointed Patrick Cullen as interim CEO, to guide development of the Haneti nickel and gold project, in Tanzania. He succeeds Louis Coetzee who stepped down from the position. Coetzee will continue advising the company on an external consultant basis.

Panellists discuss state of Africa’s aviation infrastructure, economic regulations

Published: 04 Jul 24

With global air traffic expected to double over the next 20 years, African countries need to ensure the required infrastructure is established to meet the needs for cargo and passenger flights. With this in mind, a panel discussion on the second day of this year’s International Air Transport Association (IATA) Wings of Change Focus Africa conference focused on the status of Africa’s aviation infrastructure and economic regulations.

Platinum-enabled hydrogen fuel cell electric heavy duty vehicles active at Los Angeles port.

Pace of platinum-enabled green hydrogen adoption building-up steadily worldwide

Published: 04 Jul 24

The pace of platinum group metals- (PGM-) enabled green hydrogen generation and clean PGM-catalysed fuel cell electricity adoption is building up steadily worldwide. In a global online communication conducted by Mission Hydrogen and covered by Mining Weekly, Japan’s Toyota this week strongly re-emphasised the forward momentum of big and small hydrogen fuel cell electric mobility.