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Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. Investors very positive on South Africa's unity govt, says Pallinghurst's Arne Frandsen Has Video
Published: 01 Jul 24
Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s absolutely the right thing that the politicians are doing and I really hope that it’ll see the rand getting some muscles back,” an upbeat Frandsen told Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.)
transmission towers NTCSA starts trading
Published: 01 Jul 24
The National Transmission Company South Africa (NTCSA) has officially begun trading, establishing the NTCSA as a duly constituted separate, distinct and wholly owned subsidiary of State-owned utility Eskom. This marks a significant step in the Department of Public Enterprises’ (DPE’s) roadmap for Eskom towards a reformed electricity supply industry.
View of the Kangankunde Hill Kangankunde feasibility study supports robust rare earths project
Published: 01 Jul 24
Rare earths mining and development company Lindian Resources has announced the completion of a feasibility study on Stage 1 of its Kangankunde rare earths project in Malawi. The study examined Stage 1 of the project's development, which includes mining operations, a mineral processing plant and necessary support infrastructure.
Macadamia farm in South Africa Agriculture sector upbeat about Steenhuisen’s appointment as Minister
Published: 01 Jul 24
Industry body Agri SA has welcomed Democratic Alliance leader John Steenhuisen’s appointment as the new Agriculture Minister, as well as Mzwanele Nyhontso’s appointment as Land Reform and Rural Development Minister, with these departments having been separated as respective ministries. “These appointments come at a critical juncture and we are confident that under their leadership the agriculture sector will thrive and continue to be a cornerstone of the economy,” says Agri SA CEO Johann Kotzé.
Dr Kgosientsho Ramokgopa speaking during an Eskom power station visit while still Electricity Minister Separation of energy portfolio and Ramokgopa’s appointment praised amid rising energy-transition complexity
Published: 01 Jul 24
The decision to establish a separate energy portfolio with the African National Congress’s Dr Kgosientsho Ramokgopa as Minister and the Democratic Alliance’s Samantha Graham as Deputy Minister has been welcomed by stakeholders and commentators alike. There are already warnings, however, that the success of the new Electricity and Energy Ministry will be judged not only on ensuring a permanent end to loadshedding but on whether it is able to shepherd South Africa, justly, through the unfolding energy transition in a way that addresses not only the immediate threats to security of supply and affordability but also long-term sustainability and competitiveness.
Image of Water and Sanitation Minister Pemmy Majodina Majodina named Water and Sanitation Minister
Published: 01 Jul 24
Pemmy Majodina has been appointed Water and Sanitation Minister, replacing Senzo Mchunu, who has been named as Police Minister, as South Africa’s seventh administration is formed. David Mahlobo retains his position as Water and Sanitation Deputy Minister, while Isaac Seitlholo replaces Judith Tshabalala, who moved to Deputy Minister of Mineral and Petroleum Resources.
Image of Kia South Africa CEO Paul Turnbull Kia South Africa’s new CEO seeks to push market share beyond 5% by 2026
Published: 01 Jul 24
Kia South Africa has appointed Paul Turnbull as its new CEO. Turnbull joins the Korean brand from sibling Hyundai Automotive South Africa. He succeeds Gary Scott, who takes up the position of chief digital officer at Kia’s parent company, Motus Holdings.
Image of Transport Minister Barbara Creecy Steady hand needed as seventh Transport Minister appointed in 15 years – AA, Outa
Published: 01 Jul 24
Newly appointed Transport Minister Barbara Creecy is the eleventh minister in this portfolio since 1994, which is a cause for concern as continuity within government departments is vital, says the Automobile Association (AA) of South Africa. The AA says the need for an improved transport model in South Africa must be high on Creecy’s agenda, as should efforts to improve road safety.
Russia's Alrosa buys Degdekan gold deposit from Polyus
Published: 01 Jul 24
Russian diamond producer Alrosa has bought a gold deposit in Russia's Far East from miner Polyus, the two companies, both of which are under Western sanctions, said on Monday. For the world's biggest diamond producer, the move marks a deeper push into gold which it said would fit with the rest of its business and strengthen it financially while not significantly changing its strategy.
Image of Communications and Digital Technologies Minister Solly Malatsi South Africa gets new Communications Minister
Published: 01 Jul 24
President Cyril Ramaphosa has appointed the Democratic Alliance’s Solly Malatsi as Communications and Digital Technologies Minister as the Government of National Unity’s Cabinet is formed. He becomes the department’s seventeenth Minister since 1994, and its fifth since 2018.
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