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Macro & Micro

Trade, Industry and Competition Minister Parks Tau
EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says
20th November 2024 By: Darren Parker

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the... 


Tiger Brands to sell Baby Wellbeing business, excluding Purity
20th November 2024 By: Reuters

South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset.... 


CDE executive director Ann Bernstein
Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024 By: Darren Parker

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... 


SANEDI CEO Dr Titus Mathe
Remodelled draft IRP to be unveiled next week for limited public consultation
20th November 2024 By: Terence Creamer

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 By: Bloomberg

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... 


major road interchange
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... 


Consumers
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... 


President Cyril Ramaphosa
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... 


A group photo taken at the signing ceremony attended by Electricity and Energy Minister Dr Kgosientsho Ramokgopa, seated at centre
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... 


An office block with the Sars logo
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... 


South Africa Reserve Bank logo
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... 


Open Mic
Affordability and Eskom inefficiencies come under scrutiny as Nersa hearings kick off
18th November 2024 By: Terence Creamer

The issues of electricity affordability and Eskom’s inefficiencies emerged as recurring themes as the National Energy Regulator of South Africa (Nersa) kicked off nationwide public hearings in Cape... 


African, Japanese institutions sign MoU to accelerate energy investment in the continent
18th November 2024 By: Rebecca Campbell

The Africa Finance Corporation (AFC) has signed a memorandum of understanding (MoU) with the Japan Institute for Overseas Investment (JOI), aimed at scaling up investment flows into Africa. The AFC... 


Illegal miners
Ramaphosa calls for peaceful resolution to police standoff with illegal miners
18th November 2024 By: Sashnee Moodley

President Cyril Ramaphosa described the Stilfontein mine as a “crime scene”, on Monday, as he called for a peaceful resolution to the standoff at the disused mine shaft, where illegal miners are... 


Provinces increase their expenditure by nearly 5% in the second quarter
15th November 2024 By: Schalk Burger

National Treasury has revealed that South Africa's provinces spent 50.6%, or R384.9-billion, of the allocated main budget of R760.1-billion in the second quarter of the 2024/25 financial year,... 


South African Reserve Bank logo
South African Reserve Bank to cut rates 25bps to 7.75% on Nov 21 – Reuters poll
15th November 2024 By: Reuters

The South African Reserve Bank will cut its repo rate next week as slowing inflation continues to make way for a series of cuts through the middle of next year, spurring growth to almost 2%, a... 


A generic image of a wine farm
Sustainability, community focus integral to agricultural business
15th November 2024 By: Lumkile Nkomfe

To demonstrate its commitment to sustainability and community empowerment, Stellenbosch wine producer Spier Wine Farm highlights the importance of remaining mindful of its environmental impact... 


An image of Imraan Mahomed
Company highlights immigration compliance challenges
15th November 2024 By: Lumkile Nkomfe

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... 


An image of Michael Fridjhon
Industry well placed to capitalise on international demand
15th November 2024 By: Lumkile Nkomfe

Despite the improved performance of the rand, wine festival Standard Bank WineX founder Michael Fridjhon highlights that the South African wine market has increasingly become an exciting and... 


PV workers
AFD approves another €400m JET-linked policy loan to South Africa
14th November 2024 By: Terence Creamer

Agence Française de Développement (AFD) has approved another €400-million policy-based loan to support South Africa’s Just Energy Transition (JET), increasing its approvals to €700-million out of... 


freight train at railway crossing
Level crossing incidents not only cost lives but also the economy, TFR CEO says
14th November 2024 By: Darren Parker

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... 


Independent Power Producer Office head Bernard Magoro
IPP Office confirms ongoing dispute with 13 projects over payment of bid bonds
14th November 2024 By: Terence Creamer

The head of South Africa’s Independent Power Producer Office (IPPO) has confirmed that it has called the bid bonds for 14 projects that failed to advance to commercial close during the fifth bid... 


Civil society points to procedural missteps in govt’s decision on exploration right for oil, gas
Civil society points to procedural missteps in govt’s decision on exploration right for oil, gas
14th November 2024 By: Thabi Shomolekae

Non-profit organisation Natural Justice expressed optimism that the courts will see the flaws in government’s decision-making process on exploration rights for oil and gas and rule in favour of... 


Rand Currency
South Africa's ratings seen stuck in 'junk' despite investor optimism
14th November 2024 By: Reuters

South Africa will be unable to shed its "junk" credit rating for years to come, credit analysts said, despite investor optimism over the economic trajectory since the formation of a coalition... 


Energy Council of South Africa CEO James Mackay
Energy council calls for overhaul of public IPP procurement model
13th November 2024 By: Terence Creamer

The Energy Council of South Africa has called for an overhaul of the way government procures new electricity generation and storage capacity from independent power producers (IPPs), describing the... 


Image of Leon Schreiber
Digital border transformation important to grow economy, create jobs – Leon Schreiber
13th November 2024 By: Thabi Shomolekae

Home Affairs Minister Leon Schreiber noted on Wednesday that the digital transformation of the border environment is an important priority for the Government of National Unity to be able to grow... 


Western Cape Floods
South Africa declares national disaster after floods, storms
13th November 2024 By: Bloomberg

South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction. Disruptive rains,... 


Economic transactions see modest rebound in October after weak September
13th November 2024 By: Schalk Burger

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) showed a steady recovery in October, up 0.3% to 136.5, following September’s weaker performance of... 


UCT’s business school in global top ten
12th November 2024 By: Rebecca Campbell

The 2024 Better World MBA rankings, by Corporate Knights magazine, has positioned the MBA programme of the Graduate School of Business (GSB) of the University of Cape Town (UCT) in seventh place... 


South African currency
South Africa markets eurobonds after coalition lifts confidence
12th November 2024 By: Bloomberg

South Africa is marketing eurobonds in its first potential international debt sale under a government of national unity following May elections. The dollar offering is set to include a... 


People waiting to be hired for day jobs
Unemployment rate improves to 32.1% in the third quarter
12th November 2024 By: Marleny Arnoldi

South Africa’s unemployment rate decreased by 1.4 percentage points to 32.1% in the third quarter, from 33.5% in the second quarter. The expanded unemployment rate, which includes discouraged work... 


Soldier in Mozambique
SAAFF bemoans lethargic SADC's failure to stop Moz conflicts impacting regional economy
8th November 2024 By: Marleny Arnoldi

With more than 500 000 people having been displaced and 5 785 having died over the last seven years as conflict wages in Mozambique’s Cabo Delgado province, Southern Africa Association of Freight... 


US President-elect Donald Trump
South Africa concerned Trump election will impact climate talks
8th November 2024 By: Reuters

South Africa is concerned by the impact Donald Trump's election as the next president of the United States may have on talks to tackle climate change, its environment minister said on Friday.... 


Sacci, CIPC join forces to support SME growth
7th November 2024 By: Sabrina Jardim

Recognising the challenging business environment in South Africa and committed to driving positive change, the South African Chamber of Commerce and Industry (Sacci) has partnered with the... 


South African banknotes
South African rand recoups some losses against dollar
7th November 2024 By: Reuters

South Africa's rand recouped some losses on Thursday, a day after emerging market assets took a hit following Donald Trump's win in the US election. At 0820 GMT, the rand traded at 17.5175 against... 


The Port of Maputo
Grindrod suspends port operations in Mozambique after border closure
7th November 2024 By: Reuters

Logistics company Grindrod has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after... 


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