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South African Reserve Bank
South Africa's key rate cut by 25 basis points as expected
30th January 2025 By: Reuters

South Africa's central bank cut its main lending rate by another 25 basis points to 7.50% as expected on Thursday, saying that while inflation appeared well-contained the medium-term outlook was... 


Powerlines
Nersa approves 12.74% tariff hike for April 1, as Eskom reports R16bn interim profit
30th January 2025 By: Terence Creamer

The Energy Regulator, the National Energy Regulator of South Africa’s (Nersa’s) highest decision-making body, has granted Eskom a 12.74% tariff increase for implementation on April 1. The... 


South Africa Presidency Project Management Office director Sikhulekile (Khule) Duma
Existing South African reforms set to lift growth to 3.5% by 2029, coal conference hears
30th January 2025 By: Martin Creamer

Existing economic reforms now in motion have the potential to lift South Africa’s economic growth rate to 3.5% a year by 2029, South Africa Presidency Project Management Office director Sikhulekile... 


MMC executive chairperson Bernard Swanepoel
MMC signs deal to get 70% of its power from NOA’s renewable sources
30th January 2025 By: Darren Parker

Manganese producer and exporter Manganese Metal Company (MMC) has entered into an energy supply agreement with integrated energy utility NOA Group to secure an estimated 70% of its electricity from... 


Lime tree
South Africa producer inflation at 0.7% y/y in December
30th January 2025 By: Reuters

South Africa's producer inflation was at 0.7% year on year in December versus -0.1% in November, statistics agency data showed on Thursday. The Producer Price Index was at 0.2% in month-on-month... 


Finance Minister Enoch Godongwana
Godongwana rebuffs Transnet debt-relief demand
30th January 2025 By: Bloomberg

Finance Minister Enoch Godongwana vowed to keep showing “tough love” toward the nation’s ailing State-owned enterprises, rebuffing calls for a bailout of Transnet. The African National Congress... 


Growthpoint Properties' Olympus development
Growthpoint to start construction of Olympus development ‘within months’
30th January 2025 By: Marleny Arnoldi

Following the soft launch of JSE-listed real investment trust Growthpoint Properties’ R2-billion Olympus mixed-use residential and retail development, in Sandton, Gauteng, in December, CEO Estienne... 


Suiso and Wuhuan Engineering discussing plans
Suiso’s R31.5bn coal-to-fertiliser, methanol project passes BFS stage
30th January 2025 By: Darren Parker

The bankable feasibility study (BFS) for blue ammonia producer Suiso’s R31.5-billion coal-to-fertiliser and methanol project in Kriel, Mpumalanga, was completed earlier this month. The study was... 


PwC to pay Eskom R43m in legal settlement
30th January 2025 By: Sabrina Jardim

State-owned utility Eskom and consultancy PricewaterhouseCoopers (PwC) have reached a settlement in a High Court case initiated by the utility in 2021. The case was aimed at setting aside a cost... 


Households continue to feel the pressure of high interest rates
30th January 2025 By: Natasha Odendaal

The high interest rates continue to place financial pressure on South Africa’s households, the latest Altron FinTech Household Resilience Index (AFHRI) shows, noting that over the last three years,... 


Lesotho tunnel repairs, maintenance still on track, says DWS
30th January 2025 By: Natasha Odendaal

The Department of Water and Sanitation (DWS) is confident that the Lesotho Highlands water tunnel will be reopened by the end of March as planned. The critical water tunnel closed on October 31 for... 


Otis Iberia, Middle East and Africa senior VP João Penedo
Otis playing its role in driving sustainable urbanisation worldwide
30th January 2025 By: Schalk Burger

Elevator, lift, escalator and moving walkway manufacturer Otis is providing equipment, advice and training to provide the vertical mobility that is needed to support the global trend of... 


Sign with a Shell logo reflected in the mirror of a car
Shell, Thebe near $1bn South Africa oil asset sales pact
30th January 2025 By: Bloomberg

Shell and its South African partner are close to ending a valuation dispute, paving the way for the sale of the oil giant’s local downstream assets for as much as $1-billion, according to people... 


Energy Webinar Speakers
South Africa moving in the right direction in transmission infrastructure rollout, but challenges remain
30th January 2025 By: Tasneem Bulbulia

South Africa’s grid transmission infrastructure is constrained, and it is critical that this be dealt with to support the country’s goal of increasing its energy supply and diversifying its energy... 


South Africa ratifies Luxembourg Rail Protocol
29th January 2025 By: Sabrina Jardim

The African Rail Industry Association (ARIA) has commended South Africa’s strategic ratification of the Luxembourg Rail Protocol, which it describes as a critical decision poised to drive rail... 


WBS head and director Professor Maurice Radebe and Services Seta acting CEO Andile Sipengane
Wits Business School partners with Services Seta
29th January 2025 By: Darren Parker

Wits Business School (WBS) has formalised its partnership with the Services Sector Education & Training Authority (Services Seta) at a special signing ceremony on January 28, furthering... 


ASAPP president and Lesaka Technologies CEO Lincoln Mali
Major non-bank financial ecosystem players launch new association
29th January 2025 By: Sabrina Jardim

South Africa has a large underbanked community, with many people still relying on cash only transactions. The new Association for South African Payment Providers (ASAPP) aims to provide fair access... 


ship on choppy seas
CSIR monitoring wind disruptions in Cape Town that are undermining fruit exporters
29th January 2025 By: Darren Parker

The Centre for Scientific and Industrial Research- (CSIR-) hosted Alliance for Collaboration on Climate and Earth Systems Science (Access), along with other CSIR researchers and partners, have... 


An image of Public Works and Infrastructure Minister Dean Macpherson
DPWI highlights recent milestones
29th January 2025 By: Tasneem Bulbulia

Public Works and Infrastructure Minister Dean Macpherson says he “remains resolute” in turning the department into the country’s economic delivery unit. Speaking at the “Build KZN Better” event in... 


Automechanika Johannesburg looks to build on 2024 success, new venue announced
29th January 2025 By: Tasneem Bulbulia

Automotive aftermarket trade fair Automechanika Johannesburg will celebrate its tenth edition at the Gallagher Convention Centre, in Midrand, from October 28 to 30 this year, coinciding with... 


Powerlines
Hikes alone won’t guarantee Eskom’s viability, warns AGSA as it releases alarming audit findings
29th January 2025 By: Terence Creamer

On the eve of the highly-anticipated announcement of Eskom’s tariffs for the coming three years, the Auditor-General South Africa (AGSA) has warned that tariff increases will fail to improve the... 


CHIETA proposes digital badges to recognise artisan skills development
29th January 2025 By: Schalk Burger

The Chemical Industries Education and Training Authority (CHIETA) is proposing the use of digital badges as a way of recognising and verifying artisans' achievements, skills and competencies. The... 


EU bank to fund three satellites to improve broadband connectivity in developing countries
29th January 2025 By: Rebecca Campbell

EIB Global, the extra-European arm of the European Investment Bank (EIB), has signed a loan agreement with Luxembourg-based satellite-enabled connectivity and content solutions provider SES, to... 


Image of a SES vessel
Three new offshore supply vessels commissioned for Southern African oil company
29th January 2025 By: Irma Venter

Singapore shipbuilder Strategic Marine has commissioned three new offshore supply vessels for an unnamed national oil company in Southern Africa. The vessels will be used for passenger transfer to... 


An image showing OR Tambo International Airport inside
ACSA lauds peak season performance, but challenges remain
29th January 2025 By: Tasneem Bulbulia

Airports Company South Africa (ACSA) has reported a successful peak festive travel period from December 1, 2024, to January 16, this year, with a 91% recovery to pre-pandemic levels and a 4%... 


Department of Tourism Minister Patricia de Lille
Conference to showcase South African businesses, tourism
29th January 2025 By: Sabrina Jardim

Building on South Africa’s Group of 20 (G20) legacy, the Meetings Africa 2025 conference will showcase Africa’s leadership on the global business events stage, empower local businesses and... 


Zambian President Hakainde Hichilema
Plan to get electricity to more Africans wins $8-billion in new pledges
29th January 2025 By: Reuters

An initiative to connect 300-million Africans to electricity in the next six years has won new pledges worth more than $8-billion from lenders including the Islamic Development Bank and the Asia... 


Buco opens new convenience store in Strijdom Park
Buco opens new convenience store in Strijdom Park
29th January 2025

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg, as part of larger effort to grow its Gauteng presence. Darren Parker tells us more. 


Dam owners given 30 days extension to register their dams
29th January 2025 By: Natasha Odendaal

Owners of unregistered dams meeting the criteria for classification as a dam with a safety risk have another 30 days to undertake the dam registration process to ensure dam safety compliance. This... 


Platinum-based pharmaceutical ingredients form the backbone of cancer treatment through chemotherapy.
Platinum playing crucial anti-cancer role, making major pharmaceutical contribution
29th January 2025 By: Martin Creamer

Platinum group metals (PGMs), which are hosted overwhelmingly in South Africa, are playing a crucial anti-cancer role as well as making a significant overall PGM contribution to the pharmaceutical... 


Local private philanthropy funding pledge to counter effects of climate change now live
28th January 2025 By: Rebecca Campbell

The Independent Philanthropy Association South Africa (IPASA) has launched an initiative for independent philanthropy funders to help counter climate change. This is the South African Philanthropy... 


Trade, Industry and Competition Minister Parks Tau and SABS logo with the words
Independent probe into allegations of corruption, mismanagement at SABS to be launched
28th January 2025 By: Darren Parker

Amid persistent allegations of corruption and mismanagement at the South African Bureau of Standards (SABS), the Department of Trade, Industry and Competition (dtic) has finally announced the... 


Farming nursery in Musina
Better prospects ahead for South Africa’s agriculture sector, but risks remain
28th January 2025 By: Marleny Arnoldi

Following an estimated 4.8% output contraction in the agriculture sector in 2024, Bureau for Food and Agriculture Policy executive director and commodity markets manager Tracy Davids expects a... 


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