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Coal miner Contango plans to export thermal coal from its Zimbabwe mine
Trading in the London Stock Exchange, Contango Holdings has revealed plans to export thermal coal underway in 2023. Contango Wants to export thermal coal from its Zimbabwe mine next year after a number of pleas from its clients in both Europe and Asia. Mining Weekly reports that the company, Contango said this on Wednesday and
“South Africa can generate an estimated R28 billion from cannabis” – Dep. Minister Gina
Deputy Minister of Trade, Industry, and Competition Deputy Minister, Nomalungelo Gina is of the view that the cannabis sector can play a huge role in poverty eradication. Gina says the cannabis sector has a potential for development for the small, medium, and micro enterprises (SMMEs) located in outlying rural areas where poverty is rooted. Addressing
PRASA in support of copper scrap export ban imposed by SA government
In the wake of an announcement by the South African government to impose a ban on copper scrap metals, the Passenger Rail Agency of South Africa (Prasa) has welcomed the move. The ban is all about curbing the trade of metal scrap, with PRASA saying it believes the move will limit theft of railway assets.
<a><strong>South Africa’s top young scientists to battle it out at the Eskom Expo Finals</strong></a>
Young South African scientists are expected to display their creativity at the upcoming Eskom Expo International Science Fair at the Birchwood Hotel’s OR Tambo Conference Centre. The Eskom Expo International Science Fair will be taking place between 7 and 9 December at the Birchwood Hotel’s OR Tambo Conference Centre, Ekurhuleni. As per a press release
Standard Bank announces the departure of David Munro after 27 years
Standard has been dealt a massive blow following the departure of David Munro who is leaving the banking group after 27 years. Munro leaves Standard Bank after making his return to the South African banker coming from insurance and financial services provider, Liberty Life where he served as a CEO. In March, Munro went back
New consortium of cane growers plans to buy Tongaat-Hullett’s assets
Word reaching BusinessTech Africa is that a group of sugarcane growers who now supply Tongaat Hulett with cane has expressed interest in purchasing Tongaat's South African mills refinery. The group wants to also buy animal feeds, and brands in a proposal to the sugar producer, Tongaat Hullett’s business rescue specialists. MoneyWeb business has it that
Tony O’Neill leaves Anglo American as technical director at the end of 2022
Anglo America has announced major changes in its executive following the retirement of Tony O’Neill who steps down as technical director. The diversified mining giant, Anglo American, announced the news on Wednesday as it changes its structure in senior leadership roles. O’Neill has not only decided to retire as technical director but he steps down
REVEALED: New Volvo EX90 SUV edition is dubbed a computer on wheels
Swedish carmaker, Volvo’s upgrade of the EX60 SUV 2024 edition has been leaked by various automobile publications. The new Volvo EX60 SUV comes in a full-electric model and it is regarded as the new edition or chapter in XC60’s life. Autoevolution reports that the EX90 battery-powered mid-size luxury SUV, which is the Swedish automaker's first
Mitsubishi’s new L200 pick-up truck ready to battle against Ford Ranger
Despite criticism from automobile publications, the all-new Mitsubishi L200 pick-up truck has found its way to the public and leaked to the media. Various websites are critical of the Japanese carmaker, Mitsubishi, and according to Auto Evolution, the company is not doing great nowadays. The website says the Japanese automaker was once a household name
SAB injects R825 million into prospecton plant in KwaZulu-Natal
South African Breweries has unveiled plans to open a multi-million rand prospecton plant in KwaZulu-Natal as the company seeks to address unemployment. SAB hosted KwaZulu-Natal Premier Nomsa Dube-Ncube as the company CEO Richard Rivett-Carnac tabled their plan. The prospecton brewery in Durban will cost SAB in the region of R825 million and the event was
WeThinkCode CEO Nyari Samushonga bags coveted accolade at IT industry awards
WeThinkCode CEO Nyari Samushonga was voted as the winner of the coveted IT Personality of the Year Award during the Institute of Information Technology Professionals South Africa (IITPSA) 2022 President’s Awards. Held on Tuesday, the other top award of Visionary CIO was presented to Intikhab Shaik, head of technology and solutions delivery at the South
Sibanye Stillwater sets aside R10.7 billion to fund lithium project in Finland
The board of Sibanye Stillwater has approved a substantial R10.6 billion capital expenditure to fund its Keliber lithium project in Finland. Sibanye Stillwater announced the development on Monday as it seeks a foothold in the European battery metals sector. The mining company’s CEO Neal Froneman said they are delighted to advance and grow their presence
Relief for diesel users as it will go down next week, petrol price to hike
As South Africans are getting ready to get on the road and travel for the summer holidays, they will have to anticipate petrol price hikes. This comes as oil prices plunge to their lowest levels since last year, diesel prices look set to decrease from record highs next week, but if your car uses petrol,
FNB clients splashed a whopping R3 billion during this year’s Black Friday
As this year’s Black Friday is slowly becoming a thing of the past, First National Bank says its customers spent a record R3 billion on Black Friday. FNB says most shoppers headed out to physical stores to grab deals ranging from household goods to clothing items. The bank, FNB, said that this is the highest
Retailer Checkers unveils first fully electric truck that glows when it's dark
South African retail giant, Checkers Hyper, becomes the first grocery and household store to pilot a heavy-duty fully-electric truck in its fleet of vehicles. The Checkers Hyper-branded has unveiled a new Scania Battery Electric Vehicle (BEV) that boasts nine batteries and solar panels fitted to its roof. Checkers says these help support a fully-electric cooling
R75 million cocaine concealed in oranges found in the UK from South Africa
Police in the United Kingdom say they have found 49kgs of cocaine hidden in a shipment of oranges from South Africa. According to the police in the United Kingdom, the street value of the drugs is at R75 million and the picture from the South West Regional Organised Crime United shows the shipment. South West
Metrorail service returns between Soweto and Johannesburg
There’s a relief for passenger railway services as Metrorail announced that the line between Naledi and Johannesburg will be open on Monday. The service will make use of Metrorail’s new electric modular units train sets for the first time. As the service is expected to be effective from November 28, the Metrorail train is set
Vision 2025: Ethiopian Airlines unveils plans to expand its fleet
Ethiopian Airlines says its progressive goal is to expand its fleet and enlarge its network. As part of “Vision 2035” plans, the airline will introduce more than a hundred new aircraft to its fleet. BusinessTech Africa has learned that the airliner also plans to add more cities to its network, totalling its destination network to
One SA Black Friday shopper splashes close to R400 000 on two transactions
BusinessTech Africa has found that one South African consumer has splashed close to half a million on Black Friday deals. Various media publications in South Africa reveal that PayFast’s BFCM 2022 statistics portal is live and it permits users to trace their spending. The portal is mainly focusing on South African customers and looks at
Phathiswa Magopeni on the verge of returning to SABC as board member
Having left the SABC under a cloud of controversy, former head of news Phathiswa Magopeni is on the verge of making her return to the public broadcaster. Magopeni has been included in the list of candidates vying for a position on the SABC board and her inclusion has been confirmed by the Parliament’s subcommittee. News24