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Economy

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

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... 


South African inflation drops to lowest since June 2020
20th November 2024 By: Reuters

South Africa's annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday, setting the stage for another interest rate cut by the central bank this week. Statistics South... 


South Africa will focus G20 presidency on inclusive growth, food security
20th November 2024 By: Reuters

South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday at a summit of the... 


Small Business Awards celebrate entrepreneurs
19th November 2024 By: Sabrina Jardim

The sixteenth 2024 South African Small Business Awards celebrated South Africa's top entrepreneurs and small businesses at a gala breakfast hosted by the National Small Business Chamber (NSBC), in... 


Two more battery projects achieve financial close, next set of bidders to be announced within weeks
19th November 2024 By: Terence Creamer

Two more battery storage projects selected as preferred bids under South Africa’s first public procurement bid window (BW1) for the technology have achieved commercial close. The projects have a... 


South African pension withdrawals since reform up to R35.1bn
19th November 2024 By: Reuters

South Africa's tax service said on Tuesday that pension withdrawals in the 11 weeks since a reform took effect allowing people to make partial withdrawals before retirement had risen to... 


Africa Central Banks seen cutting while they can after Trump win
19th November 2024 By: Bloomberg

Most African central banks weighing interest rates over the next three weeks are set to lower them, wary that the window to ease further may narrow after Donald Trump becomes US president. Of the... 


Bombela Operating Company highlights operational, sustainability strides
18th November 2024 By: Tasneem Bulbulia

The Bombela Operating Company (BOC) has highlighted its works in ensuring an effective, efficient and safe Gautrain operation, while also pursuing sustainability at a broader level, as it aims to... 


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...

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Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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Budget

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... 


Greater coordination needed to realise green-hydrogen aspirations
25th October 2024

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 


Competition Policy

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... 


Competition Commission, NEF renew MoU
6th September 2024

The National Empowerment Fund (NEF) and the Competition Commission have signed a memorandum of understanding (MoU) aimed at fostering collaboration in key areas of economic development and market... 


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

dtic clarifies closing date for comment on direct marketing law amendments
18th November 2024

The Department of Trade, Industry and Competition (dtic) has clarified that the closing date for public comments on the draft amended Regulation 4 of the Consumer Protection Act is December 12, not... 


JSE censures, bans, fines Thabi Leoka
15th November 2024

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of... 


Company highlights immigration compliance challenges
15th November 2024

An examination of the legal obligations of employers when hiring foreign workers was communicated during corporate law firm Cliffe Dekker Hofmeyr’s Immigration Compliance and Workplace Enforcement... 


Macro & Micro

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... 


Remodelled draft IRP to be unveiled next week for limited public consultation
20th November 2024

A remodelled Integrated Resource Plan (IRP) for electricity will be released to the public next week and is expected to deviate materially from the heavily criticised draft IRP2023, which was... 


South African business mood brightens to best level since March 2022
20th November 2024

South African business sentiment rose its highest level since the first quarter of 2022, as constant electricity supply and political stability supported better business conditions. A quarterly... 


State Companies

Level crossing incidents not only cost lives but also the economy, TFR CEO says
14th November 2024

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 


‘No crisis looming’ as independent technical assessment set to resolve billing dispute between Eskom, City Power
11th November 2024

Electricity and Energy Minister Dr Kgosientsho Ramakgopa has confirmed that an independent technical assessment of the R6.1-billion billing dispute between State-owned utility Eskom and the City of... 


'Clear vision' for logistics reform encouraging – Mavuso
11th November 2024

“The clarity of vision” provided by Transport Minister Barbara Creecy on what success in terms of logistics reforms looks like and what needs to be done to make progress in dealing with 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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Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

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