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Nersa approves tariff increases for new financial year, City Power unpacks higher charges
Published: 28 Jun 24
The National Energy Regulator of South Africa (Nersa) has approved the tariff applications of 178 licenced electricity distributors, including municipal and private distributors, for the 2024/25 financial year. The new tariffs become effective on July 1.
Marriott Hotel, in Melrose Arch SolarSaver showcases innovations of its latest solar installation in Melrose Arch precinct
Published: 28 Jun 24
Energy company SolarSaver has successfully completed a solar installation at the Marriott Hotel Melrose Arch and the African Pride Hotel, both of which are based in the Melrose Arch precinct in Gauteng. Owing to the limited available roof space for solar panel installation, SolarSaver collaborated with property developer Amdec Group to find a solution.
Image of PRASA CEO Hishaam Emeran PRASA passenger numbers reach 40-million a year, up 167% – Emeran
Published: 28 Jun 24
The Passenger Rail Agency of South Africa (PRASA) is “making steady and significant progress in getting passenger trains back on track”, with the urban rail service carrying about 40-million passengers in 2023/24 on 31 of the 40 PRASA rail corridors now operational, says CEO Hishaam Emeran. Emeran says passenger numbers have climbed by almost 25-million from a year ago.
Minerals Council CEO Mzila Mthenjane (left) and VP Paul Dunne. South Africa will be well represented at Shanghai Platinum Week, Minerals Council assures
Published: 28 Jun 24
South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has highlighted. This major event will occur amid the growth in demand for platinum group metals (PGM) applications in China being extremely high, which makes detailed access to the Chinese market hugely advantageous for South Africa.
Businessmen shaking hands Dealmakers optimistic on global M&A prospects despite sluggish growth
Published: 28 Jun 24
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024. Stubbornly high interest rates, a hostile regulatory environment and a frothy stock market that has made valuations pricey weighed on dealmaking in the last three months.
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