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Economy

Pravin Gordhan dies at 75
13th September 2024 By: Bloomberg

Pravin Gordhan, who held three positions in South Africa’s cabinet and won plaudits for standing up to Jacob Zuma during his scandal-marred presidency, has died. He was 75. Gordhan died in hospital... 


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,... 


Ramokgopa to seek advice from team of experts before taking next nuclear steps
12th September 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa is assembling a committee of experts to advise him on the role that nuclear could play in South Africa’s future supply before issuing a new... 


Emfuleni municipality’s bank accounts attached for Eskom to recover R8bn debt
12th September 2024 By: Tasneem Bulbulia

Power utility Eskom says the Sheriff of the Court has successfully attached the Emfuleni municipality’s four bank accounts for Eskom to recover about R8-billion in arrear debt, ensuring that the... 


Not enough chrome shipments to fill Maputo corridor capacity, TFR says
12th September 2024 By: Darren Parker

The Maputo Corridor is being underused by chrome exporters, Transnet Freight Rail (TFR) northeast corridor acting managing executive Mandisa Mondi has said. Speaking at the Critical Materials... 


South African inflation expectations fall again in Q3
12th September 2024 By: Reuters

South African analysts, business people and trade unions further lowered their inflation expectations in the third quarter of this year, bringing them closer to the level targeted by the central... 


South Africans pull R4.1bn from pension funds in 10 days since reform took effect
12th September 2024 By: Reuters

South Africans asked to withdraw R4.1-billion from their pension funds in the first ten days after a reform took effect on September 1 allowing fund members to make partial withdrawals before... 


Struggling miners put the brakes on South Africa’s stock rally
12th September 2024 By: Bloomberg

South African stocks have their noses in front of emerging-market peers, but glum news from China threatens to weigh on the key mining sector and stymie that outperformance. Johannesburg’s main... 


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Budget

Cape Town gets another R3.5bn for its record infrastructure spending target to 2027
25th June 2024

The City of Cape Town has secured a further R3.5-billion in financing towards its plans to spend a record amount on infrastructure investment over the three years to 2027. Mayor Geordin Hill-Lewis... 


Eastern Cape road projects planned
21st June 2024

The South African National Roads Agency Limited (Sanral) announced in March that it expected to inject close to R2-billion into the Dr AB Xuma local municipality, in the Eastern Cape, when it... 


Global growth will not exceed pre-pandemic levels until 2026 at least – World Bank
11th June 2024

The World Bank expects the global economy to stabilise for the first time in three years, but at a level that is still weak by historical standards. In its latest ‘Global Economic Prospects’... 


Competition Policy

South African, Angolan competition authorities sign MoU
4th September 2024

The Competition Commission has signed a memorandum of understanding (MoU) with the Angola Competition Authority (ACA), establishing a general framework for bilateral communication and cooperation... 


Survey shows renewable energy product affordability is a challenge for SMEs
29th August 2024

Consumers and businesses believe there are many competitors in the renewable energy products market, but affordability may be a potential barrier to accessing renewable-energy solutions, which may... 


Competition Commission absolves Mpact from alleged anticompetitive conduct
25th July 2024

JSE-listed paper and packaging group Mpact has announced the resolution of a Competition Commission matter pertaining to alleged anticompetitive conduct between itself and another company, which... 


Labour

Business community mourns Dabengwa’s passing
3rd September 2024

Condolences have streamed in for the late Sifiso Dabengwa, who previously served as a nonexecutive director for State-owned power utility Eskom and CEO of telecommunications company MTN. The... 


Women still facing many challenges in the workplace – panel
21st August 2024

While some strides have been made to increase the participation of women in business, gender parity is still way below the level it should be in the country, as is women’s participation in... 


Over-subsidisation compensating for industrial policy failures, economist says
13th August 2024

Trade and Industrial Policy Strategies (TIPS) senior economist Nokwanda Maseko has complained that the State is overcompensating and providing too many subsidies to make up for industrial policy's... 


Legislative Environment

South African, Angolan competition authorities sign MoU
4th September 2024

The Competition Commission has signed a memorandum of understanding (MoU) with the Angola Competition Authority (ACA), establishing a general framework for bilateral communication and cooperation... 


FSCA approves JSE’s plans to divide its main board into two segments
3rd September 2024

The Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE’s listings requirements dealing with market segmentation, which will come into effect on September 23.  The market... 


M&R reaches debt repayment agreement with banking consortium
30th August 2024

JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been... 


Macro & Micro

Tributes pour in for Pravin Gordhan
13th September 2024

Fellow politicians and others on Friday expressed their deepest condolences on the passing of former Minister of Public Enterprises and South African Revenue Service Commissioner Pravin Gordhan.... 


Pravin Gordhan dies at 75
13th September 2024

Pravin Gordhan, who held three positions in South Africa’s cabinet and won plaudits for standing up to Jacob Zuma during his scandal-marred presidency, has died. He was 75. Gordhan died in hospital... 


Ramokgopa to seek advice from team of experts before taking next nuclear steps
12th September 2024

Electricity and Energy Minister Dr Kgosientsho Ramokgopa is assembling a committee of experts to advise him on the role that nuclear could play in South Africa’s future supply before issuing a new... 


State Companies

Emfuleni municipality’s bank accounts attached for Eskom to recover R8bn debt
12th September 2024

Power utility Eskom says the Sheriff of the Court has successfully attached the Emfuleni municipality’s four bank accounts for Eskom to recover about R8-billion in arrear debt, ensuring that the... 


Not enough chrome shipments to fill Maputo corridor capacity, TFR says
12th September 2024

The Maputo Corridor is being underused by chrome exporters, Transnet Freight Rail (TFR) northeast corridor acting managing executive Mandisa Mondi has said. Speaking at the Critical Materials... 


Transnet breaches loan terms again as debt weighs on investment
11th September 2024

Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect its ailing... 


Statistical Releases

Sustained low CPI may spur South Africa rate cuts, Kganyago says
2nd September 2024

South Africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, Governor Lesetja Kganyago said. Consumer-price growth was 4.6% in July, the... 


SA Statistics Council says it welcomes criticism of 2022 census data
30th August 2024

South African Statistics Council chairperson Dr Nompumelelo Mbele on Friday welcomed any constructive criticism of the 2022 Population Census statistics and methodology, saying the council viewed... 


Five arrested for heavy fuel oil theft at Camden power station
21st August 2024

Four employees of State-owned utility Eskom and a contractor security guard have been arrested in connection with the theft of heavy fuel oil valued at R500 000 from Camden power station, in... 


Tourism

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... 


Tourism Transformation Fund has approved R272m of financing assistance
24th May 2024

The Tourism Transformation Fund (TTF) has approved transactions to the value of R272-million since its inception in 2017. The TTF was launched as a collaborative effort between the Department of... 


South Africa scores 'moderately positive' global reputation rating, study finds  
22nd May 2024

Despite South Africa’s global infamy for corruption, rampant crime, poor service delivery, political instability and inequality, recent findings of a Global Reputation Study carried out by Brand... 


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