Rio Tinto approves R6.5bn investment into Richards Bay Minerals

KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala has welcomed the R6.5 billion planned investment into Richards Bay Minerals (RBM). Rio Tinto, an international holding company for RBM, has approved the next stage in the development of RBM in South Africa, which will involve the construction of the Zulti South project that will sustain current capacity and also extend mine life. Zikalala said it was encouraging that more and more business organisations such as RBM continue to express their commitment to the growth of the provincial economy. “The…

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OPINION: Brazilian chicken producers are running scared

JOHANNESBURG – Brazil must be really worried that higher duties are about to halt the flood of chicken imports that are harming the South African chicken industry, its workers and surrounding communities.In the last few days, three Brazilian officials have similarly worded comments in different South African publications. They attack the application by the SA Poultry Association (Sapa) for higher tariffs on Brazilian chicken and deny that Brazil dumps its product in South Africa. Brazilian producers accuse the local industry of lies, slander and disinformation. They profess nothing but love…

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Call to update plan for green energy in SA

JOHANNESBURG – FTI Consulting’s Future of South Africa report released yesterday called on the government to update and reinvigorate the Integrated Resource Plan (IRP) to plan and support the transition to renewables, while ensuring that supporting Eskom’s debt did not divert funds from other areas of the economy. The report said South Africa’s leadership must have the courage to stay the course to solve Eskom’s issues and build buy-in from those who are defensive to change. The government is in the process of breaking Eskom into three separate entities, which…

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