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Energy Regulator rescinds decision on new tariff-setting rules as Eskom prepares to apply for big hike
Published: 03 Jul 24
The Energy Regulator has rescinded its approval, made in December, of the so-called Electricity Price Determination Methodology Rules (EPDMR), which were proposed for implementation in the 2025/26 financial year as a replacement to the prevailing multiyear price determination methodology (MYPDM) for setting tariffs. The decision was made by the National Energy Regulator of South Africa’s (Nersa’s) highest decision-making structure during a meeting on June 27 and confirmed in a statement issued on July 2.
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Anyone can now invest in as little as R10 worth of gold
Published: 03 Jul 24
Gold-backed neobank Troygold, supported by payments platform Precium, has launched its subscription gold offering in South Africa, enabling investors to buy and own fractional amounts of real 1 oz gold Krugerrands, which are securely stored in Johannesburg vaults with London Bullion Market Association-approved custodian Brink’s ensuring security and authenticity. Buying gold in small increments will make gold investment more accessible and affordable to all, with the minimum investment being as little as R10. Investors can even set up daily, weekly or monthly contributions to put savings on autopilot.
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Congo sells its own copper from joint ventures for first time
Published: 03 Jul 24
The Democratic Republic of Congo’s (DRC's) State miner has started selling its share of copper from joint-venture projects for the first time as the country seeks greater control over a metal key to the energy transition. Gecamines holds minority stakes in large mines run by firms such as China’s CMOC Group and Glencore. Until now, the joint ventures themselves have sold all the production. But the State company is taking a more active role in marketing its portion — totaling hundreds of thousands of tons a year – according to people familiar with the matter.
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Grain SA highlights crucial points of focus for new agriculture, land reform Ministers
Published: 03 Jul 24
Industry body Grain SA says it eagerly anticipates depoliticised government service delivery following the election of new political leaders and Cabinet members.
Grain SA expects the Government of National Unity, with its focus on inclusivity through economic growth, will support the different departments to achieve goals as captured within various well-developed plans.
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Half of turbines for Koruson 1 wind farms delivered to site
Published: 03 Jul 24
About half of the 237 turbine blades and other components required for the Koruson 1 cluster of wind farms, being built on the border of the Eastern and Northern Cape provinces, have been delivered to site. The Koruson 1 cluster comprises the Phezukomoya, San Kraal and Coleskop wind farms and is being developed as part of Round 5 of the Renewable Energy Independent Power Producer Procurement Programme.
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Hendrina Wind Farm, South Africa
Published: 28 Jun 24
Maydon Wharf precinct liquid bulk facility, South Africa
Published: 28 Jun 24
Kaminho deep-water project, Angola
Published: 28 Jun 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...
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...
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...
