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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Lyra Energy signs private offtaker agreements for inaugural 255 MW solar PV project

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Electricity trader Lyra Energy reports that it has entered into power purchase agreements with three private offtakers that will buy a large portion of the electricity to be produced from its 255 MW Thakadu solar PV project. The Thakadu project is the first project to be implemented in South Africa by Lyra, which is a partnership between independent power producer Scatec, which owns 50% of the trading platform, as well as Standard Bank and Stanlib.

Electricity reform-type urgency required to save manufacturing – BLSA

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Business Leadership South Africa (BLSA) CEO Busi Mavuso says in her latest weekly newsletter that the biggest omission in President Cyril Ramaphosa’s February 12 State of the Nation Address (SoNA) is a plan to deal with the rapid deindustrialisation South Africa is facing. She calls for a decisive response to the destruction of manufacturing capacity that took decades to build and remains key to employment creation.

Cape Gate denies wrongdoing, to challenge warrant following commission’s visit

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Officials from the Competition Commission on February 13 conducted an unannounced visit to steel and wire products company Cape Gate’s premises as part of a wider industry inquiry, following “unsubstantiated” complaints made by a third party to the commission in 2023. Cape Gate, which is one of a handful of companies visited by the commission, says it believes the search warrant is unlawful and intends to initiate urgent proceedings to set it aside. 

SAPVIA welcomes SoNA remarks, calls for liberated energy ecosystem

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The South African Photovoltaic Industry Association (SAPVIA) says the country’s solar PV industry stands ready to become the backbone of a competitive, low-carbon economy. “We welcome the strategic focus on local government reform and economic growth outlined by President Cyril Ramaphosa in his 2026 State of the Nation Address (SoNA).

Telkom maintains momentum in Q3

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JSE-listed Telkom on Monday posted earnings and revenue growth during the third quarter ended December 31, 2025, driven by its data-led strategy. Group earnings before interest, tax, depreciation and amortisation (Ebitda) increased 8.4% to R3.24-billion, with the group Ebitda margin expanding by 1.9 percentage points to 29.1% during the quarter under review.
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