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Economy

Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
4th December 2024

The University of the Witwatersrand, in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome, after... 


High Court says State can’t order new coal plants
4th December 2024 By: Bloomberg

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


National Treasury notes Moody’s reaffirmation of South Africa’s junk status
4th December 2024 By: Darren Parker

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 


NTCSA still mulling private participation in grid roll-out but confirms deployment ‘step change’ needed
4th December 2024 By: Terence Creamer

The National Transmission Company South Africa (NTCSA) has told lawmakers that a “step change” will be needed in the delivery of new grid infrastructure if 14 500 km of new powerlines and 133 000... 


South Africa business activity rises for 4th straight month, S&P Global PMI shows
4th December 2024 By: Reuters

South African private sector activity increased for a fourth consecutive month in November as firms took on more workers and grew more confident about the economic outlook, a survey showed on... 


S African consumer confidence drops, but signals strong festive season
4th December 2024 By: Reuters

South Africa's consumer confidence slipped one point in the fourth quarter, although retail sales during the festive season are still expected to be at levels last seen in 2019, a survey showed on... 


Eskom appoints group executive for strategic delivery
3rd December 2024 By: Creamer Media Reporter

Power utility Eskom has appointed Alfred Seema as group executive for strategic delivery. He joins the utility from Sasol, where he most recently held the role of VP for gas sourcing and business... 


Justice Minister moved to Human Settlements portfolio amid probe
3rd December 2024 By: Bloomberg

President Cyril Ramaphosa moved Justice and Constitutional Development Minister Thembi Nkadimeng-Simelane to a new department, amid an investigation into her conduct before she joined the Cabinet.... 


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Budget

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... 


Business welcomes pragmatic MTBPS but maintains public service should be downsized
31st October 2024

Business, academia and industry associations have welcomed the reforms highlighted in the 2024 Medium Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on October... 


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

NRF achieves Level 1 BBBEE status
8th November 2024

The National Research Foundation (NRF) has achieved a broad-based black economic empowerment (BBBEE) Level 1 rating – a year earlier than the NRF board-approved target of reaching Level 2 by 2025.... 


Report highlights skills opportunities provided by just energy transition
31st October 2024

South Africa will need to create an estimated 40 000 to 60 000 jobs related to the just energy transition (JET) over the next 25 years and it has to start preparing citizens to benefit from the... 


South Africa’s reindustrialisation requires collaboration between multiple sectors
4th October 2024

To achieve reindustrialisation in South Africa, collaboration across industries is crucial, Kearney metals and mining global lead Igor Hulak said during the second day of the Joburg Indaba, in... 


Legislative Environment

Africa poised for transition-based investment opportunities
29th November 2024

Africa’s energy transition presents one of the most significant investment opportunities globally as the continent strives to improve electricity access while prioritising decarbonisation.... 


SAIA publishes auction information booklet to provide guidance to auctioneers, the public
26th November 2024

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 


Stefanutti remains commercially solvent but says its future is uncertain
26th November 2024

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total... 


Macro & Micro

South Africa's current account deficit broadly unchanged in Q3
5th December 2024

South Africa's current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product, central bank data showed on Thursday. In... 


Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
4th December 2024

The University of the Witwatersrand, in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome, after... 


High Court says State can’t order new coal plants
4th December 2024

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


State Companies

NTCSA still mulling private participation in grid roll-out but confirms deployment ‘step change’ needed
4th December 2024

The National Transmission Company South Africa (NTCSA) has told lawmakers that a “step change” will be needed in the delivery of new grid infrastructure if 14 500 km of new powerlines and 133 000... 


Eskom appoints group executive for strategic delivery
3rd December 2024

Power utility Eskom has appointed Alfred Seema as group executive for strategic delivery. He joins the utility from Sasol, where he most recently held the role of VP for gas sourcing and business... 


Major SABS cyberattack raises questions about entity’s leadership
3rd December 2024

The South African Bureau of Standards (SABS) has suffered a major ransomware cyber-attack, resulting in critical IT systems going down, Engineering News has learned. This is not the first time the... 


Statistical Releases

Absa PMI back in expansionary territory in Sept
1st October 2024

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 52.8 points in September, putting it back in expansionary territory after having declined to 43.6 points in August. "The... 


Economy starting to show improvement with marginal employment growth – Govt
27th September 2024

Government has welcomed the marginal employment growth of 0.4% from 10 674 000 in March to 10 716 000 in June, saying this indicated its commitment to working with social partners to stabilise the... 


Civil confidence index reaches eight-year high in the third quarter
25th September 2024

After having slipped to 44 in the second quarter of this year, the FNB/Bureau for Economic Research (BER) Civil Confidence Index reached an eight-year high of 50 in the third quarter. According to... 


Tourism

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... 


Radisson to open its first hotels in Tanzania as part of African expansion
25th June 2024

Radisson Hotel Group will add seven new hotels, with more than 1 200 rooms, to its African portfolio and will open two hotels in Dar es Salaam and in Mwanza, in Tanzania, in 2025. The new hotels... 


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