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Economy

Give us more policing power and the right to run passenger rail, Cape Town asks GNU
25th July 2024 By: Irma Venter

The City of Cape Town’s top requests for the Government of National Unity (GNU) are for municipal police to have the powers to investigate crime; the devolvement of passenger rail to the city; the... 


South Africa revival needs reform jumpstart, business lobby says
25th July 2024 By: Bloomberg

South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to attract investment and boost lagging growth,... 


South Africa’s 2030 decarbonisation target at risk, climate commission warns
25th July 2024 By: Terence Creamer

The Presidential Climate Commission (PCC) is cautioning that South Africa may miss its 2030 decarbonisation target in light of a decision to further delay the decommissioning of three aged coal... 


JRA taking action to rectify delays on Lilian Ngoyi street rehabilitation project
25th July 2024 By: Tasneem Bulbulia

The Johannesburg Roads Agency (JRA) says it is taking swift action to rectify the issues that have delayed the rehabilitation of Lilian Ngoyi street (formerly Bree street) in the Johannesburg... 


DPWI calls for reform of EPWP as unemployment rate remains high
25th July 2024 By: Tasneem Bulbulia

Public Works and Infrastructure Minister Dean Macpherson says ongoing protest action by hundreds of former Expanded Public Works Programme (EPWP) employees in eThekwini, KwaZulu-Natal, shows that... 


GNU could provide new opportunities for SMME growth
25th July 2024 By: Sabrina Jardim

South Africa’s recently formed Government of National Unity (GNU) is expected to introduce new ideas into government, which could, subsequently, benefit small-, medium-sized and microenterprises... 


Numsa signs above-inflation wage agreement with Gautrain
25th July 2024 By: Tasneem Bulbulia

Labour union the National Union of Metalworkers of South Africa (Numsa) has welcomed the signing of an above-inflation wage agreement with the Bombela Operating Company, which operates the... 


GNU’s current fiscal strategy must be strengthened, CDE advises
25th July 2024 By: Thabi Shomolekae

Policy think tank the Center for Development and Enterprise on Thursday urged the Government of National Unity to refrain from making any new unaffordable spending commitments, including unbudgeted... 


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Budget

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’... 


Unctad outlines reforms to avoid impending global public debt crisis
5th June 2024

Global body UN Trade and Development (Unctad) has urged action to deal with the alarming surge of global debt and proposed reforms to international finance systems to safeguard “a prosperous future... 


Competition Policy

Tribunal approves Bidshelf 93’s acquisition of Dekra Automotive
27th June 2024

The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra... 


Tribunal approves Prax’s Natref stake buyout, with conditions
27th June 2024

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of... 


Tribunal confirms settlement agreement in plant and equipment hire cartel case
12th June 2024

The Competition Tribunal has confirmed, as an order, a R480 000 administrative penalty imposed on plant and equipment hire company Hard Hat Equipment Hire as part of a settlement in a case in which... 


Labour

Uasa signs one-year wage agreement in sugar sector
19th July 2024

Trade union Uasa has signed a one-year wage agreement with the Sugar Manufacturing and Refining Employers Association (Samrea), on behalf of members in the sugar sector. The agreement, which is... 


UIF to collaborate with govt organisations on employment initiative
17th July 2024

The Department of Employment and Labour is spearheading an initiative to combat unemployment in South Africa and, as part of this initiative, the Unemployment Insurance Fund (UIF) is planning to... 


Bombela says Gautrain services unaffected by strike
9th July 2024

The Bombela Concession Company has assured customers that Gautrain services are unaffected by a strike by Bombela Operating Company (BOC) personnel, which started on July 8. The company notes that... 


Legislative Environment

Ramaphosa assents to National Small Enterprise Amendment Bill
23rd July 2024

President Cyril Ramaphosa has signed the National Small Enterprise Amendment Bill to establish a new entity – the Small Enterprise Development Finance Agency – which will incorporate the Small... 


New online information hub on South African scrap metal industry launched
23rd July 2024

A new online platform called MyScrapMatters has been launched, acting as a single centralised hub to provide comprehensive information about the scrap metal industry in South Africa. The aim of the... 


Ramaphosa signs legislation establishing single public procurement framework
23rd July 2024

President Cyril Ramaphosa has signed the Public Procurement Bill, which aims to create a single framework for the procurement of goods and services by all organs of state in a manner that... 


Macro & Micro

Nearly three-quarters of investors unsatisfied with quality of ESG reporting
25th July 2024

Law firm EY research has revealed that about 73% of investors say that companies largely fail to create enhanced reports encompassing environmental, social and governance (ESG) and financial... 


South Africa revival needs reform jumpstart, business lobby says
25th July 2024

South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to attract investment and boost lagging growth,... 


South Africa’s 2030 decarbonisation target at risk, climate commission warns
25th July 2024

The Presidential Climate Commission (PCC) is cautioning that South Africa may miss its 2030 decarbonisation target in light of a decision to further delay the decommissioning of three aged coal... 


State Companies

JRA taking action to rectify delays on Lilian Ngoyi street rehabilitation project
25th July 2024

The Johannesburg Roads Agency (JRA) says it is taking swift action to rectify the issues that have delayed the rehabilitation of Lilian Ngoyi street (formerly Bree street) in the Johannesburg... 


DPWI calls for reform of EPWP as unemployment rate remains high
25th July 2024

Public Works and Infrastructure Minister Dean Macpherson says ongoing protest action by hundreds of former Expanded Public Works Programme (EPWP) employees in eThekwini, KwaZulu-Natal, shows that... 


Environment Minister, stakeholders welcome signing of Climate Change Act
24th July 2024

Forestry, Fisheries and the Environment Minister Dr Dion George and trade union UASA have welcomed the Climate Change Bill’s assent into law by President Cyril Ramaphosa on July 23. “The... 


Statistical Releases

Manufacturing output down 0.6% y/y in May
11th July 2024

Manufacturing production decreased by 0.6% in May, compared with May 2023. Statistics South Africa (Stats SA) reports that the basic iron and steel, nonferrous metal products and machinery and... 


61% of manufacturers expect AI to drive growth by 2029, study finds
21st June 2024

Nasdaq-listed Zebra Technologies has found that 61% of manufacturers expect AI to drive growth in the sector by 2029, up from 41% in 2024. These findings are part of Zebra’s ‘2024 Manufacturing... 


Stor-Age reports strong financial performance
18th June 2024

JSE-listed self-storage real estate investment trust Stor-Age has reported robust financial results for the 2024 financial year ended March 31, showcasing significant growth in rental rates and... 


Tourism

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... 


Western Cape ideally positioned to capitalise on growing adventure tourism, report posits
5th April 2024

The Western Cape is poised to emerge as a global hub for adventure tourism, a niche within the global tourism sector that is anticipated to be valued at $4.6-trillion by 2032, a recent report by... 


Wesgro launches new domestic tourism campaign
14th March 2024

Western Cape trade, investment and tourism promotion agency Wesgro has launched a new campaign to attract tourists to the province. Unlike other recent campaigns, this one, called ‘With Love from... 


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