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Economy

South Africa’s Kganyago warns US policies may slow disinflation
21st January 2025 By: Bloomberg

South African central bank Governor Lesetja Kganyago warned that US protectionist policies may derail future interest-rate cuts by central banks if they turn out to be inflationary, though there... 


Steel cuts threaten South Africa’s $257bn building drive
21st January 2025 By: Bloomberg

Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257-billion... 


Global gas markets set to remain tight in 2025 – IEA
21st January 2025 By: Terence Creamer

Global natural gas markets reached an all-time high last year and are set to remain tight in 2025 despite an ongoing rebalancing following the supply shock of 2022/23, the International Energy... 


Ramokgopa to showcase South Africa’s energy investment prospects at Davos
20th January 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that South Africa’s energy market reforms and investment opportunities will be showcased at the World Economic Forum in Davos,... 


Summit expected to be watershed moment for development finance in Africa
20th January 2025 By: Darren Parker

South Africa is set to host the Finance in Common Summit (FiCS) in February, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides... 


South Africa's focus on reforms not ratings, minister says at Davos
20th January 2025 By: Reuters

South Africa is focusing on implementing growth-enhancing reforms not regaining its investment-grade credit rating, which could take two years or more, its finance minister said on Monday. The... 


Southern African countries urged to collaborate to improve environmental action
20th January 2025 By: Schalk Burger

Forestry, Fisheries and the Environment Deputy Minister Narend Singh has noted the critical need for collaboration among countries in the Southern African region to address pressing environmental... 


Driver behaviour, vehicle testing in the spotlight as festive season road stats are released
20th January 2025 By: Sabrina Jardim

Transport Minister Barbara Creecy has revealed that preliminary data shows a 5.3% year-on-year increase in road-related fatalities and a 4.2% year-on-year increase in road crashes that involved... 


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Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

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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

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... 


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... 


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... 


Labour

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

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... 


SABS denies allegations of corruption, mismanagement
13th December 2024

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... 


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... 


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

Mulilo gears up for big year of execution as it accelerates transition to integrated IPP
21st January 2025

With several new renewables and battery storage projects under construction or being advanced to financial close, 2025 is poised to be a significant year in Mulilo’s ongoing transition from an... 


South Africa’s Kganyago warns US policies may slow disinflation
21st January 2025

South African central bank Governor Lesetja Kganyago warned that US protectionist policies may derail future interest-rate cuts by central banks if they turn out to be inflationary, though there... 


Steel cuts threaten South Africa’s $257bn building drive
21st January 2025

Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257-billion... 


State Companies

Can the Network Statement facilitate entry of new private train operators?
17th January 2025

Engineering News editor Terence Creamer discusses the Transnet Rail Infrastructure Manager's (TRIM's) release of the much-anticipated Network Statement and whether it will be enough to facilitate... 


Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025

A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on fuel imports. The January 4 blaze at the facility —... 


Inland port body dubs publication of Network Statement as ‘transformative moment’
14th January 2025

The Multi-Modal Inland Port Association (MIPA), which represents six inland ports in South Africa and one in Namibia, has added its voice to a growing chorus of support for the newly released rail... 


Statistical Releases

Trade expectations outpace trade activity in December – Sacci
16th January 2025

The trade outlook in December remained well into positive territory, but present trade activity is still in negative territory, according to business organisation the South African Chamber of... 


South African online population expresses optimism about AI - survey
14th January 2025

Similar to global attitudes becoming more positive about the use of AI, South Africa too demonstrates a growing embrace of AI, with adoption rates and enthusiasm on the rise, a global survey by... 


Municipalities spend 22% of budget in the first quarter of the 2024/25 financial year
20th December 2024

The National Treasury, on December 20, published the local government revenue and expenditure report for the first quarter period from July 1 to September 30, which showed that aggregate spending... 


Tourism

Home Affairs selects first participants in new tourism promotion scheme
13th January 2025

The Department of Home Affairs (DHA) has selected the first round of participating companies in its new Trusted Tour Operator Scheme (TTOS). The scheme is aimed at boosting tourism arrivals from... 


SA Tourism appoints Darryl Erasmus as COO
8th January 2025

Tourism promotion organisation South African Tourism (SA Tourism) has appointed Darryl Erasmus as new COO. He will be responsible for the oversight role of SA Tourism’s Corporate Services... 


Prosus chair’s trust sells €156m of shares for hotel growth
20th December 2024

A family trust linked to Koos Bekker — one of South Africa’s richest people — sold about €156-million of shares in Internet investing giant Prosus to fund building operations at hotels in South... 


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Magazine round up | 17 January 2025
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