Glencore Merafe to restart South African smelters after Eskom power deal

South Africa's ferrochrome industry is set for a fresh start after Glencore Merafe Chrome Venture secured a new electricity pricing agreement with Eskom, clearing the way for the restart of two key smelters. The agreement allows the Boshoek and Wonderkop ferrochrome smelters to resume operations after months of uncertainty over power costs, a long-standing challenge for energy-intensive producers. The restart…

Oluwatosin Alao June 27, 2026

Hot News Business

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity

Africa’s youngest stock exchange lists Abay Bank as fifth firm, signaling momentum in a gradually opening banking sector.

Feyisayo Ajayi June 27, 2026

Standard Bank housing finance investment

Business Hot News

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

IFC plans $102 million investment in Standard Bank bonds to expand affordable housing finance and boost South Africa’s banking resilience.

Feyisayo Ajayi June 27, 2026

Business Hot News

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Zimplats targets June 2027 completion of $54 million solar project, adding 45MW to boost energy security and cut grid reliance.

Feyisayo Ajayi June 27, 2026

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Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Yas Tanzania plans $114.5 million fiber rollout in Zanzibar, targeting 100,000 subscribers to expand high-speed internet access.

Feyisayo Ajayi June 27, 2026

Tag: Africa’s youngest

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity

Glencore Merafe to restart South African smelters after Eskom power deal

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Glencore Merafe to restart South African smelters after Eskom power deal

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

Glencore Merafe to restart South African smelters after Eskom power deal

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

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