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Minister in the Presidency Khumbudzo Ntshavheni

Ramaphosa to issue Gazette notice to clarify Presidency’s role in coordination of SOEs

Published: 04 Jul 24

Minister in the Presidency Khumbudzo Ntshavheni has reaffirmed that the coordination of State-owned enterprises (SOEs) previously falling under the Department of Public Enterprises (DPE), which is to be closed, will be located in the Presidency during the process of implementing a new shareholder model. However, the precise roles and responsibilities that her fellow Minister in the Presidency Responsible for Planning, Monitoring and Evaluation, Maropene Ramokgopa, will have were still to be clarified in what she described as a “Presidential proclamation”, to be published in a future Government Gazette.

Minerals Council welcomes small input cost decrease for the mining sector in May

Published: 04 Jul 24

Industry body the Minerals Council South Africa says mining input costs rose by 6.6% year-on-year in May, marking a 0.6 percentage point decrease compared with April. The decrease is a positive development, with May’s figure also having been below the first-quarter input cost increase of 6.9% year-on-year.

BHP cuts employee incentives after missing its performance goals, AFR reports

Published: 04 Jul 24

BHP has notified tens of thousands of its workers across the globe that it was cutting their incentive pay after the miner failed to meet its performance goals, the Australian Financial Review reported on Thursday. The world's largest listed miner will only pay 80% of short-term incentives that were on offer in 2023-24, the AFR reported, citing BHP's employees.

LME to suspend deliveries of nickel from Norilsk Finland plant

Published: 04 Jul 24

The London Metal Exchange is suspending deliveries of nickel from a plant in Finland owned by Russia’s MMC Norilsk Nickel, whose products have continued to be deliverable despite western sanctions on Russian metal. No new deliveries of nickel cathodes and briquettes from Norilsk’s Harjavalta plant will be allowed from October 3, the LME said in two separate notices Wednesday.

Bosch Rexroth Africa opens first branch in Côte d'Ivoire

Published: 04 Jul 24

Hydraulics, pneumatics and automation group Bosch Rexroth Africa opened its first branch in Côte d'Ivoire, in June, to meet the increasing demand for its hydraulic, pneumatic and automation solutions in that country. To serve the needs of mining, industrial and energy industries in Côte d'Ivoire, the branch will offer the full range of Bosch Rexroth Africa Group products and services.

Botswana to enter space with its first satellite, now being developed in joint project

Published: 04 Jul 24

Southern African country Botswana is developing its first satellite, in a joint programme between the Botswana International University of Science and Technology (BIUST) and Bulgarian space company EnduroSat. The satellite will be launched no earlier that February next year, on SpaceX’s Transporter-13 mission. Designated BOTSAT-1, the satellite will be a 3U nanosatellite, meaning it will have dimensions of 30 cm x 10 cm x 10 cm. The transfer of technology and expertise is central to the project. Consequently, BIUST engineers will be joining the EnduroSat team in Sofia, Bulgaria, to complete satellite assembly and payload integration.