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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

Fuel purchases in sharp drop after October price hike – Discovery Insure

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Fuel purchases among Discovery Insure clients fell 33% in volume in October after fuel price increases pushed inland 95 unleaded petrol above R30/l for the first time. A recent spate of price hikes has seen monthly fuel expenditure rise sharply from an average of R1 750 at the beginning of last year, to between R2 500 and R2 700 by the middle of this year.

Absa PMI improves for a second consecutive month in October

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The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased by 0.9 points to 49.6 in October, from a revised 48.7 in September, marking a second consecutive monthly improvement, with all five components of the headline index increasing. However, while activity and new sales orders have recovered some ground from their August lows, employment remains particularly weak.

Altron first-half earnings rise

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JSE-listed Altron on Monday posted double-digit growth in earnings for the six months ended August 31, 2026, supported by strong performance from Netstar and Altron FinTech and the return of IT Services to profitability. During the first half of the 2027 financial year, earnings before interest, tax, depreciation and amortisation (Ebitda) increased 16% to R1.1-billion, with the Ebitda margin expanding to 21.5%.

Mine hydropower extolled at Minerals Council climate event

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By converting excess water pressure into renewable electricity, emissions are reduced, energy efficiency is uplifted and additional value is created from existing mining infrastructure, Harmony Gold strategic lead for climate and integration Mohammed Asmaljee spelt out emphatically at the launch Minerals Council South Africa’s inaugural Climate Change Day of Learning, attended by public sector and private sector climate mitigation protagonists. By capturing pressure from chilled water used in underground mining, the Johannesburg Stock Exchange-listed Harmony generates renewable electricity amid the water that travels thousands of metres underground building up pressure naturally for conversion into electricity through hydroelectric turbines.
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