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Estimated demand for LNG sought ahead of Lilly Pipeline repurposing

TRANSNET Pipelines (TPL) has asked Liquefied Natural Gas (LNG) customers to estimate their demand for the product to enable the state-owned entity to reserve...

BRICS bank commits funds for local logistics and water projects

THE National Treasury welcomes funding commitments by the New Development Bank (NDB) to critical freight logistics and water projects. During the 9th Annual Meeting...

Modest GDP growth in 2Q could be just the start

AFTER a revised zero growth (0.0%) in 1Q 2024, the better news is that real GDP in South Africa grew by a modest 0.4%...

MEC makes ‘pivotal’ visit to RBIDZ

THE Richards Bay Industrial Development Zone (RBIDZ) hosted the MEC for Economic Development, Tourism and Environmental Affairs (EDTEA), Rev Musa Zondi to an oversight...

Tax implications of withdrawing from two-pot retirement system

THE South African Revenue Service (SARS) advises on the process and implications of making a withdrawal from pension funds through the two-pot system which...

Five Transnet lease agreements in SIU’s crosshairs

ON 23 August, President Cyril Ramaphosa authorised the Special Investigating Unit (SIU) to investigate allegations of serious maladministration within Transnet and to recover any...

KZN bank’s licence suspended, development finance continues

THE Financial Sector Conduct Authority (FSCA) announced on 23 August that it has suspended the licence of Ithala SOC Limited in terms of the...

Eskom launches pilot EV charging infrastructure

ESKOM has officially launched its electric vehicle (EV) charging infrastructure at the Eskom Academy of Learning (EAL) in Midrand, Gauteng. This represents a significant...

R1.1bn injection into auto localisation in KZN

KZN’S lone automotive original equipment manufacturer, Toyota South Africa Motors (TSAM) has secured over R1.1 billion investment in a new stamped parts facility located...

Power transmission company appoints supplier panels for the year

YESTERDAY National Transmission Company South Africa (NTCSA) signed long-term agreements with 19 local companies in the various categories of overhead line construction panels. Five...

eThekwini looks to 16 catalytic projects to stimulate the economy

LAST Wednesday 14 August, eThekwini Mayor Cyril Xaba led the city’s leaders on an oversight visit for a progress update on the R217 billion...

Community hall in Verulam builds skills and sustainability

AFRISAM, a leading construction materials company, has reaffirmed its dedication to the sustainable development of the communities surrounding its operations with the completion of...

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UKZN institute’s new high-tech rocket launch gantry a first for SA

ENGINEERS at the University of KwaZulu-Natal’s Aerospace Systems Research Institute (ASRI) have commissioned a new suborbital sounding rocket launch facility at the Denel Overberg...

State-owned energy company formed by merged subsidiaries

A POLICY statement by President Cyril Ramaphosa has resulted in the formation of a new state-owned petroleum company, the South African National Petroleum Company...

Time is running out on the 125% solar tax incentive

BUSINESSES that act quickly can still take advantage of the substantial 125% income tax incentive available for solar energy projects completed and operational by...

Diversified packaging group disposes of assets, refinances

NAMPAK Limited, the largest diversified packaging company in Africa, issued an update on Monday on key company developments including the asset disposal program and...