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Dorah Modise named Climate Commission director, Olver to serve as deputy chair
Published: 17 Dec 24
The Presidential Climate Commission (PCC) has appointed Dorah Modise as executive director, effective from February 24, 2025, following the retirement of Dr Crispian Olver, who President Cyril Ramaphosa subsequently appointed as deputy chairperson of the Commission from January 1. Modise has more than 26 years of experience in environmental sustainability; international diplomacy; local, regional and national government; industry associations; and academia.
The Telkom logo Icasa gives Telkom permission to dispose of towers, masts business
Published: 17 Dec 24
Industry regulator the Independent Communications Authority of South Africa (Icasa) has approved mobile network operator Telkom's R6.75-billion disposal of its Swiftnet business, which houses its masts and towers business. The decision obtained from Icasa on December 13 results in a change of control of Swiftnet’s licences and fulfils one of the suspensive conditions for the disposal.
Jubilee's Roan operation Jubilee facing production issues in Zambia amid power outages
Published: 17 Dec 24
Diversified metals processor Jubilee Metals, which has operations in South Africa and Zambia, has reported increased disruptions at its Roan facilities, in Zambia, owing to unplanned power outages in that country. These blackouts have significantly impacted on production, with the Roan operations being particularly vulnerable compared with the Sable refinery, which benefits from private electricity supply.
Novo Resources to acquire two NSW gold projects
Published: 17 Dec 24
ASX- and TSX-listed Novo Resources Corp has entered into binding term sheets with fellow ASX-listed companies TechGen Metals and Manhattan Corporation to acquire their respective John Bull and Tibooburra gold projects, in New South Wales (NSW). The two projects support Novo’s strategy of identifying ‘drill ready’ exploration targets with a demonstrated pathway with potential to be a standalone project with more than one-million ounces of development potential.
Kenya plans IVF to save rare White Rhinos nearing extinction Kenya plans IVF to save rare White Rhinos nearing extinction
Published: 17 Dec 24
Kenya plans to use assisted reproduction techniques to save the northern white rhino — a species that has only two females remaining worldwide — from the brink of extinction. It will involve developing embryos in a laboratory and using so-called stem-cell-associated techniques with ancient material to help reproduce the rare mammals, Kenya Wildlife Service said in a notice on its website.
Nioko proposes buyout of Hummingbird amid the latter’s financial struggles
Published: 17 Dec 24
African investment company CIG's wholly-owned subsidiary Nioko Resources Corporation has announced a recommended cash offer to acquire debt-ridden Aim-listed Hummingbird Resources, aiming to address the latter's significant financial and operational challenges. The offer, valued at about £13.8-million, proposes paying 2.68p a share for Hummingbird's issued and to-be-issued share capital not already held by Nioko. The deal includes a critical debt-to-equity conversion plan to stabilise Hummingbird's finances.
Customers paying with a nu-branded card Nubank invests $150m in Tyme's Series D capital raise
Published: 17 Dec 24
Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for $50-million and existing shareholders investing a further $50-million. With operations spanning Latin America and Europe, Nubank brings substantial resources and significant expertise to its partnership with Tyme’s complementary footprint in Africa and South-East Asia.
A work camp at the Tiris project Aura raises A$9m to advance Tiris development activities
Published: 17 Dec 24
ASX- and Aim-listed Aura Energy has received firm commitments to raise about A$9-million through the issue of 64.28-million shares at an issue price of A$0.14 a share. Proceeds will be used to further progress development activities at Aura's Tiris uranium project, in Mauritania, beyond a final investment decision. 
Blyvoor gold Restarted Blyvoor gold mine is on the way back up on Joburg’s West Rand
Published: 17 Dec 24
Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that rising gold prices and Blyvoor’s improved operational performance has increased the Carletonville mine’s operating profit by 59%.
Structural reforms needed for growth in South Africa, collaboration crucial – BLSA
Published: 17 Dec 24
Growth in South Africa cannot occur without underlying structural reforms and, to accelerate the implementation of structural reforms, effective collaboration between business, labour and government remains crucial.
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