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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

Cape Town, UCT to roll out research project ahead of electric bus deployment

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The City of Cape Town’s (CoCT’s) Urban Mobility Directorate, together with the University of Cape Town (UCT), is set to roll out a research project to test and better understand how electric buses will operate as part of the city’s MyCiTi bus fleet. The parties have been given the go-ahead by the city to sign a €90 000 grant-funding agreement with the EU-funded eBRT2030 programme to undertake the electric bus (e-bus) project.

Sappi posts loss for Dec quarter amid strong rand, lower prices

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JSE-listed woodfibre-based products and packaging manufacturer Sappi posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $90-million for the quarter ended December 31, 2025, down from the Ebitda of $203-million reported for the quarter ended December 2024. It also posted a loss for the quarter of $37-million, compared with a profit of $70-million in the prior comparable quarter.

Afreximbank announces initial $8bn funding package for South Africa as a new shareholder

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President Cyril Ramaphosa has overseen the signing of South Africa’s accession to the African Export-Import Bank (Afreximbank) establishment agreement after Parliament approved the move in November last year. As a consequence of the signing, which was executed by Trade, Industry and Competition Minister Parks Tau and witnessed by Ramaphosa on February 4, in Johannesburg, Afreximbank president George Elombi announced that the bank had put together an initial $8-billion funding package for South Africa, geared at supporting the country’s National Development Plan (NDP) and National Industrial Policy Framework.

Mahindra South Africa unveils rapid customer query response system

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Automaker Mahindra South Africa has officially launched a new rapid response system across the organisation to address customer queries within a 24-hour timeframe. Mahindra’s rapid response initiative, called Reach Out, is backed by refreshed front- and back-end processes and technology, which the company tested extensively before a nationwide rollout in December last year.

South African business activity stabilises in January, S&P PMI shows

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South Africa's private sector business conditions stabilised in January after a challenging end to 2025, as demand steadied and price pressures eased, an S&P Global survey showed on Wednesday. The Purchasing Managers' Index climbed to a neutral 50 in January, up from 47.7 in December. PMI readings above 50 indicate growth, while those below denote contraction.
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