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3 days ago | 
engineeringnews.co.za | Darren Parker
The Public Investment Corporation (PIC) has increased its ownership of the ordinary shares of JSE- and NYSE-listed Sibanye-Stillwater to 15.41% of the company’s total issued ordinary shares. The PIC is a State-owned asset management firm and, through listed investments, controls over 10% of the JSE. It has direct and indirect exposure to almost all sectors of the South African economy. To watch Creamer Media's latest video reports, click here
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3 days ago | 
miningweekly.com | Darren Parker
PIC now owns more than 15.41% of SibanyeAs a magazine-and-online subscriber to Creamer Media's Engineering News & Mining Weekly, you are entitled to one free research report of your choice. You would have received a promotional code at the time of your subscription. Have this code ready and click here. At the time of check-out, please enter your promotional code to download your free report. Email [email protected] if you have forgotten your promotional code.
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3 days ago | 
engineeringnews.co.za | Darren Parker
Euronext-listed Akobo Minerals has agreed with Monetary Metals on revised terms for the company’s existing gold loan facility. Monetary Metals initially provided funding in November 2022 to support development of Akobo’s Segele gold project, in Ethiopia, and has remained a committed partner throughout. A first amendment was completed in February 2024.
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3 days ago | 
engineeringnews.co.za | Darren Parker
South African real estate investment trust (Reit) Redefine Properties has reported improved profitability in its financial results for the six months ended February 28. Overall, the Reit explained on May 12 that its core operating segments had managed to deliver organic growth during the period. The increase in profitability was driven by improved occupancy levels and cost management measures, CEO Andrew König pointed out.
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4 days ago | 
newsletter.en.creamermedia.com | Darren Parker
Yet another complaint has emerged against the South African Bureau of Standards (SABS), this time by the Licence Plate Association of South Africa (Laza), which has alleged a series of systemic regulatory failures and inconsistent enforcement by the SABS in the number plate manufacturing and embossing industry.
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4 days ago | 
engineeringnews.co.za | Darren Parker
Yet another complaint has emerged against the South African Bureau of Standards (SABS), this time by the Licence Plate Association of South Africa (Laza), which has alleged a series of systemic regulatory failures and inconsistent enforcement by the SABS in the number plate manufacturing and embossing industry.
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1 week ago | 
engineeringnews.co.za | Darren Parker
Paper and pulp manufacturer Sappi’s operating performance for the second quarter of its 2025 financial year fell short of expectations owing to challenging market conditions and issues that arose during scheduled maintenance shuts, CEO Steve Binnie reported on May 8. This resulted in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $107-million for the period, down from $180-million in the second quarter of the prior financial year.
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1 week ago | 
engineeringnews.co.za | Darren Parker
A major obstacle to developing the gas economy in South Africa is the relentless legal opposition to oil and gas production and use. There is not a single gas project so far which has not been taken to court, African Energy Corp strategy and business development Dr Phindile Masangane has said. “Actually, today the environmental authorisation for drilling in our Orange Basin is in court. It started on May 5 and it's ongoing,” she said at the Natural Gas Symposium, in Johannesburg, on May 7.
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1 week ago | 
engineeringnews.co.za | Darren Parker
South Africa has been too slow to act on the impending gas cliff and the only way for the country to navigate this challenge now is through liquefied natural gas (LNG) imports, global oil and gas consultant Ebbie Hann has said. “I like that there is hope about finding [gas], but if you haven't found it yet, you're too late. We haven't found it yet in this wonderful country – not in economic quantities. That doesn't mean you should stop looking for it.
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1 week ago | 
engineeringnews.co.za | Darren Parker
South Africa faces a stark reality: failure to take urgent action to address the impending ‘gas cliff’ will result in economic regression, Electricity and Energy Minister Dr Kgosientsho Ramokgopa has warned. “The gas cliff is not a distant event. It is imminent. But it is not inevitable. We have the analytical tools, institutional memory and public-private platforms to act.
