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Economy

Commission recommends CPI + 1.5% increase for the national minimum wage in 2025
19th December 2024 By: Schalk Burger

The National Minimum Wage (NMW) Commission has published a recommendation in the Government Gazette that the national minimum wage be adjusted by the rate of consumer price inflation (CPI) plus... 


Govt extends deadline for registration of spaza shops
18th December 2024 By: Thabi Shomolekae

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024 By: Reuters

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Structural reforms needed for growth in South Africa, collaboration crucial – BLSA
17th December 2024 By: Schalk Burger

Growth in South Africa cannot occur without underlying structural reforms and, to accelerate the implementation of structural reforms, effective collaboration between business, labour and... 


Takealot bets on townships to fend off global rivals
17th December 2024 By: Reuters

South Africa's biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals,... 


Roll out transmission line projects to save steel sector, says HDGASA
13th December 2024 By: Schalk Burger

Industry trade association the Hot Dip Galvanizers Association Southern Africa (HDGASA) has called on government to start releasing gazetted infrastructure builds, streamlining independent power... 


SABS denies allegations of corruption, mismanagement
13th December 2024 By: Darren Parker

The South African Bureau of Standards (SABS) has denied a series of allegations of longstanding and ongoing corruption and mismanagement. In an open letter sent to Trade, Industry and Competition... 


Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Budget

Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 


Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius
20th November 2024

According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road... 


Agriculture set to benefit greatly if MTBPS sentiment is realised
31st October 2024

Industry bodies Agri SA and the Agricultural Business Chamber of South Africa (Agbiz) agree that Finance Minister Enoch Godongwana’s Medium Term Budget Policy Statement (MTBPS) shows that... 


Competition Policy

Genuine competition regulation will be bedrock for more equitable South Africa – Mavuso
4th November 2024

South Africa’s competition landscape is under intense scrutiny following the Competition Tribunal’s recent decision to block telecommunications firm Vodacom’s R14-billion acquisition of a... 


AECI to sell Much Asphalt for R1.1bn
4th November 2024

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Sun International’s proposed acquisition of Peermont should be denied, commission recommends
28th October 2024

The Competition Commission has recommended that the Competition Tribunal prohibit JSE-listed Sun International’s proposed acquisition of Peermont Holdings. The commission said on October 28 that it... 


Labour

Another M&R director resigns
6th December 2024

JSE-listed Murray & Roberts has reported that Alexandra Muller has resigned from the board of directors of the group with effect from December 9. “The board wishes to thank Ms Muller for her... 


Localising skilled labour can unlock economic development
6th December 2024

Tackling skilled labour shortages through skills development and localisation, particularly in infrastructure projects, has the potential to drive significant economic benefits for South Africa,... 


AgriSETA reflects on strides made to empower women in sector
18th November 2024

In reflecting on education and training authority for the agriculture sector AgriSETA’s accomplishments for the 2023/24 financial year, chairperson Sharon Sepeng lauded the organisation for having... 


Legislative Environment

Financial crime investigators can now subpoena digital bank records
11th December 2024

The South African Banking Risk Information Centre (Sabric), the Directorate for Priority Crime Investigation (Hawks) and the Banking Association South Africa (Basa) have launched the Section 205... 


Deadline for public comment on alcoholic beverages taxation discussion paper extended
3rd December 2024

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 


Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Macro & Micro

South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty rises to 65.7
19th December 2024

South Africa is "still in the foothills of economic recovery" and, while external influences must still be skillfully navigated, the country's future economic performance will hinge mainly on... 


Govt extends deadline for registration of spaza shops
18th December 2024

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


State Companies

OR Tambo's new fuel bypass line to be implemented by February; ACSA's recovery ongoing
12th December 2024

State-owned airports management agency the Airports Company South Africa (ACSA) CEO Mpumi Mpofu told media on December 12 that the fuel bypass line at the OR Tambo International Airport (ORTIA) is... 


Midas substation repairs still under way, but essential load to mines restored
12th December 2024

A 500 MVA transformer at the Midas substation, in Gauteng, tripped in the evening of December 11, disrupting electricity supply to about 15 mines in the Carletonville, Fochville and Potchefstroom... 


Coega SEZ hosts Global Aux CEO in effort to advance co-development plans
12th December 2024

The Coega Development Corporation (CDC) recently hosted Global Auxiliary of Companies (Global Aux) CEO Mika’il Ali Kote to the Coega special economic zone (SEZ) in the Eastern Cape. Global Aux is a... 


Statistical Releases

Renewables covering area the size of Europe needed for clean energy future, report shows
10th December 2024

A newly released report by technology and lifecycle solutions provider Wärtsilä shows that an area the size of Europe will need to be covered with renewable power to reach a clean energy future... 


Clean energy technology market to rival crude oil market value by 2035
30th October 2024

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 


Global steel demand to decline by a further 0.9% in 2024 – worldsteel
14th October 2024

The World Steel Association (worldsteel) expects global steel demand to decrease by 0.9% to 1.75-billion tonnes this year. “2024 has been a difficult year for global steel demand as the global... 


Tourism

Cruise industry gives Western Cape economy R1.32bn boost
5th November 2024

The cruise industry contributed R1.32-billion to the Western Cape economy during the 2023/24 season, up from R1.2-billion in the previous season, despite a slight drop in ship calls. This is... 


R217-billion investment set to transform eThekwini
13th September 2024

The eThekwini municipality aims to propel the city into a new era of prosperity through a R217-billion investment in development projects, which is expected to create 300 000 jobs. On August 14,... 


Mpox a 'minimal' threat to tourists in Southern Africa, assures Satsa
15th August 2024

The Southern African private sector inbound tourism trade association Satsa has reassured that the risk to tourists in the region from the Mpox disease was low. This reassurance followed the recent... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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