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Outa CEO Wayne Duvenage.
Business organisations express discontent with VAT increase
13th March 2025 By: Sabrina Jardim

In response to the budget speech presented by Finance Minister Enoch Godongwana on March 12, Business Unity South Africa (Busa) says it welcomes the focus on macroeconomic stability, structural... 


Electricity and Energy Deputy Minister Samantha Graham-Maré
Graham-Maré expects Cabinet to adopt long-awaited industrialisation masterplan for renewables ‘within the month’
13th March 2025 By: Terence Creamer

Electricity and Energy Deputy Minister Samantha Graham-Maré reports that the long-awaited South African Renewable Energy Masterplan (SAREM) is currently wending its way through the Cabinet... 


Bacsa urges business to tackle extortion through E2 programme
13th March 2025 By: Sabrina Jardim

Industry body Business Against Crime South Africa (Bacsa) is calling on businesses across South Africa to make full use of its proven extortion prevention programme, which forms an integral part of... 


Sars Commissioner Edward Kieswetter
Kieswetter confident that Sars modernisation will boost tax collection
13th March 2025 By: Marleny Arnoldi

South African Revenue Service (Sars) Commissioner Edward Kieswetter on March 13 explained the revised revenue estimate presented by Finance Minister Enoch Godongwana in the Budget tabled in... 


solar panels with sky background
Scatec commissions first 60 MW of solar farm in Botswana
13th March 2025 By: Marleny Arnoldi

Norwegian renewable energy company Scatec has started commercial operation of the first 60 MW of the 120 MW Mmadinare Solar Cluster, in Botswana. The power plant is Scatec’s first installation in... 


Auto industry body warns that VAT increase will undermine economic recovery, auto production
Auto industry body warns that VAT increase will undermine economic recovery, auto production
13th March 2025 By: Irma Venter

naamsa | The Automotive Business Council warns that the value added tax (VAT) increases, as presented in the Budget this week, will place “an overwhelming burden on household spending, reduce... 


The new track
Stellenbosch high school gains tech-rich athletics track as part of development programme
13th March 2025 By: Irma Venter

Hoërskool Stellenbosch has opened its new multimillion-rand World Athletics Class 2 certified track, built with funding from the Athletics Cycling Education (ACE) Trust. Architect Sam Pellissier... 


Red Rocket's Brandvalley Wind Farm, which is located between the towns of Matjiesfontein and Sutherland
Big Red Rocket wind farm to supply green electricity to Richards Bay Minerals achieves financial close
13th March 2025 By: Terence Creamer

Renewable energy independent power producer (IPP) Red Rocket has reached financial close on the first 242-MW phase of the Overberg Wind Farm, which will be built on 15 farm portions covering 8 721... 


Southern African bloc to withdraw troops from Congo in phases
13th March 2025 By: Reuters

The Southern African Development Community said on Thursday that a summit of regional heads of state had terminated the mandate of its troop deployment in the Democratic Republic of Congo and... 


Cesa CEO Chris Campbell.
Translating intentions in Budget into infrastructure development reliant on a concrete plan - Cesa
13th March 2025 By: Sabrina Jardim

Consulting Engineers South Africa (Cesa) has highlighted the need for a concrete plan of action to translate the intentions set out in the Budget tabled by Finance Minister Enoch Godongwana, on... 


Deputy President Paul Mashatile
Mashatile assures business of govt commitment to land reform, US relations, GNU
13th March 2025 By: Sashnee Moodley

Deputy President Paul Mashatile on Thursday addressed the BizNews Conference, in the Western Cape, where he gave government assurance on investment-linked policies to business leaders in... 


South African flag in hand
Economists recognise Budget’s balancing act efforts, laud increased Sars funding to boost capacity
13th March 2025 By: Marleny Arnoldi

Economists have widely recognised the efforts of Finance Minister Enoch Godongwana in the Budget tabled on March 12 to balance fiscal sustainability and economic growth. Standard Bank South Africa... 


Hyprop CEO Morné Wilken
Favourable trade metrics boost Hyprop’s interim distributable income growth by 14.5%
13th March 2025 By: Marleny Arnoldi

JSE- and A2X-listed specialist property retail fund Hyprop Investments has achieved double-digit growth of 14.5% year-on-year in its distributable income to R765-million for the six months ended... 


A hydropower plant
EIB reviews financing for $760m hydro project over DRC war
13th March 2025 By: Reuters

The European Investment Bank (EIB) is holding off on decisions to finance the $760-million Ruzizi III hydropower plant in Central Africa, due to fighting between Rwandan-backed rebels and the... 


Tabled Budget still facing some opposition
Tabled Budget still facing some opposition
13th March 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses Finance Minister Enoch Godongwana's tabling of his much-anticipated Budget after the unprecedented postponement on February 19; how the March 12... 


Finance Minister Enoch Godongwana
Budget may be tweaked further, Godongwana says
13th March 2025 By: Reuters

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance... 


Paratus Group opens in Tanzania
13th March 2025 By: Creamer Media Reporter

Pan-African telecommunications and network services provider Paratus Group continues its expansion in East Africa with the opening of Paratus Tanzania. The launch of Paratus Tanzania, a joint... 


Image of Johannesburg Water's new Erand tower and pumpstation housing in Midrand
Joburg Water's new Erand tower set to boost Midrand water supply
13th March 2025 By: Natasha Odendaal

A new two-megalitre water tower set to bolster water supply to the Midrand area, in Gauteng, is 60% complete. The R92-million Erand tower and pump station project, currently being constructed by... 


Ben Magara
Seasoned campaigner Ben Magara to assume Exxaro CEO role from April 1
13th March 2025 By: Martin Creamer

Mining veteran Bennetor (Ben) Magara has been appointed as the new incoming CEO of Exxaro Resources, effective from April 1. Magara, a mining engineer with more than 35 years of mining industry... 


Image of empty Lesotho Highlands tunnel at the Ash River Outfall near Clarens, in South Africa
Lesotho Tunnel reopening delayed by three weeks amid technical challenges
13th March 2025 By: Natasha Odendaal

The reopening of the Lesotho Highlands tunnel has been delayed by three weeks, owing to maintenance work delays experienced in the Delivery Tunnel South, in Lesotho. The critical tunnel, which... 


Transnet urged to use Budget Facility for Infrastructure to fund project partnerships
Transnet urged to use Budget Facility for Infrastructure to fund project partnerships
12th March 2025 By: Terence Creamer

While Finance Minister Enoch Godongwana said that additional guarantees will be considered to refinance Transnet’s maturing debt and its capital investment programme, no equity support was... 


An EV being charged
South Africa to incentivise local EV production
12th March 2025 By: Reuters

South Africa will spend R1-billion to support the local production of new-energy vehicles and batteries, as well as related manufacturing projects, the National Treasury said on Wednesday. The... 


Powerlines
New credit guarantee vehicle to derisk grid projects to be launched in 2026
12th March 2025 By: Terence Creamer

A credit guarantee vehicle to mobilise private sector capital by derisking projects will be launched in 2026, Finance Minister Enoch Godongwana announced in his delayed Budget speech. He confirmed... 


Finance Minister Enoch Godongwana
South Africa launches Africa Expert Panel as part of its G20 presidency
12th March 2025 By: Sabrina Jardim

Consistent with the South African Presidency’s intent to draw attention and Group of 20 (G20) consideration to African policy challenges in 2025, an Africa Expert Panel has been established. While,... 


wine bottles
Godongwana burdens wine sector with ‘unworkable’ tax regime, industry body says
12th March 2025 By: Marleny Arnoldi

Industry body South Africa Wine has expressed strong condemnation towards Finance Minister Enoch Gogongwana’s decision to implement “excessive” excise tax increases on wine. The organisation says... 


Welding Institute restructures to boost skills training for industry
12th March 2025 By: Schalk Burger

Industry technical organisation the Southern African Institute of Welding (SAIW) is implementing its strategic renewal plan, which is aimed at elevating the quality of skills training, expanding... 


NUM member wearing t-shirt
NUM worried about ‘possible bloodbath of job losses’ on multiple fronts
12th March 2025 By: Darren Parker

The National Union of Mineworkers (NUM) is worried about a “possible bloodbath of job losses” across multiple sectors, including steel, transportation, ferrochrome and mining, on the back of... 


Growthpoint South Africa CEO Estienne de Klerk
Macroeconomics support 3.9% interim DIPS growth for Growthpoint Properties
12th March 2025 By: Marleny Arnoldi

JSE-listed real estate investment trust (Reit) Growthpoint Properties has increased its distributable income per share (DIPS) for the six months ended December 31, 2024, by 3.9% year-on-year to... 


African Rainbow Minerals executive: growth and strategic development in the executive chairperson’s office Mike Schmidt.
‘Very promising’ narrow-reef boring technology nearing rollout stage, ARM reports
12th March 2025 By: Martin Creamer

The rollout of new narrow-reef boring technology, which has the potential to boost platinum group metal (PGM) grades, lower unit costs, enhance safety, and streamline downstream materials handling,... 


Mobile phone
South Africa to remove luxury duty on lower value smartphones
12th March 2025 By: Reuters

South Africa's government has proposed to remove the luxury excise duty on smartphones worth below R2 500 from April 1 to support digital adoption for low-income households, the National Treasury... 


Standard Bank secures $250m loan from IFC to boost green financing initiatives
12th March 2025 By: Schalk Burger

Financial services firm Standard Bank has successfully closed a $250-million, seven-year unsecured loan from the International Finance Corporation (IFC), which will significantly bolster the bank's... 


Finance Minister Enoch Godongwana
Lower VAT hikes in delayed Budget not enough to secure full GNU backing
12th March 2025 By: Terence Creamer

Finance Minister Enoch Godongwana tabled his delayed Budget on Wednesday that included lower, yet still controversial, increases to the value-added tax (VAT) rate, as he sought to hold the... 


Logistics strain far from over, but rail moving in the right direction – Ctrack index
Logistics strain far from over, but rail moving in the right direction – Ctrack index
12th March 2025 By: Irma Venter

The Ctrack Transport and Freight Index (Ctrack TFI) declined for eight consecutive months to reach an index level of 112.8 in January, the lowest level since December 2022. This decline resembles... 


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