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Macro & Micro

Reserve Bank Governor Lesetja Kganyago
South African growth outlook has improved but inflation risks abound, central bank says at Davos
21st January 2025 By: Reuters

South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday. South African Reserve Bank... 


Deputy President Paul Mashatile
SA’s economic growth not at optimum levels – Paul Mashatile
21st January 2025 By: Thabi Shomolekae

Deputy President Paul Mashatile noted changes in the country’s economic patterns, but acknowledged that the pace of South Africa’s economic growth and development is protracted and not at its... 


Mulilo CEO Jan Fourie
Mulilo gears up for big year of execution as it accelerates transition to integrated IPP
21st January 2025 By: Terence Creamer

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... 


Reserve Bank Governor Lesetja Kganyago
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... 


AMSA CEO Kobus Verster
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
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... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
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,... 


Finance Minister Enoch Godongwana
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... 


Business-govt partnership commits to 3% growth, more jobs for the youth
20th January 2025 By: Schalk Burger

The second phase of the partnership between government and business aims to deliver economic growth of 3% by the end of the year, which business partners and President Cyril Ramaphosa and a senior... 


Kwezi Tiya
Coega Development Corporation formally parts ways with suspended CEO
20th January 2025 By: Marleny Arnoldi

Following a thorough internal review and disciplinary process, the Coega Development Corporation (CDC) has decided to dismiss its suspended CEO Kwezi Tiya effective December 19. The CDC says Tiya... 


Image of Cyril Ramaphosa
Partnership between govt, business unblocking impediments to inclusive growth – Ramaphosa
20th January 2025 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that government has reaffirmed its commitment to working with all social partners in pursuit of inclusive growth that benefits all South Africans and... 


Prosper Africa, Afreximbank partner to boost Africa-US trade
17th January 2025 By: Schalk Burger

US Agency for International Development private sector programme Prosper Africa and trade financing company African Export-Import Bank (Afreximbank) have signed a new memorandum of understanding... 


Government-business partnership recommits to growing economy
17th January 2025 By: Schalk Burger

President Cyril Ramaphosa, on January 16, met with Ministers and senior business leaders to reaffirm the government-business partnership’s commitment to achieving the shared ambition of... 


DRC flag with money
World Bank says developing economies face toughest growth conditions since 2000
17th January 2025 By: Marleny Arnoldi

The World Bank’s latest ‘Global Economic Prospects’ report states that developing economies are projected to finish the first quarter with the weakest long-term growth outlook since 2000. Even as... 


SACP threatens ‘militant action’ against AMSA closure
SACP threatens ‘militant action’ against AMSA closure
17th January 2025 By: Thabi Shomolekae

The South African Communist Party (SACP) stated on Friday that aside from urgently stopping the closure of ArcelorMittal South Africa’s (AMSA’s) domestic steel mills and rail-fabrication plant,... 


Debswana's Jwaneng mine
Botswana expects 2025 economic growth rebound on better diamond market
17th January 2025 By: Reuters

 Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated... 


An Amazon branded banner and boxes
Amazon opens Cape Town walk-in centre as it strives for market-share
17th January 2025 By: Reuters

US e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also... 


B20 co-chairperson Nonkululeko Nyembezi
B20 South Africa delegation to emphasise collaboration to tackle global challenges at WEF meeting
16th January 2025 By: Schalk Burger

A delegation from B20 South Africa will attend the upcoming World Economic Forum (WEF) annual meeting, in Davos, Switzerland, led by B20 South Africa Sherpa Cas Coovadia, along with co-chairpersons... 


Lifetime extensions, as are being pursued at Koeberg's two units, are under way in several countries
IEA report points to revival in nuclear interest
16th January 2025 By: Terence Creamer

A new International Energy Agency (IEA) report argues that nuclear capacity could double to 870 GW by 2050 in light of renewed interest in the building of new nuclear plants, including small... 


Trade Minister Parks Tau
South Africa sees talks averting ArcelorMittal plant closures
16th January 2025 By: Bloomberg

South African officials are working to prevent the closure of some steel mills operated by the local unit of ArcelorMittal SA this month, Trade Minister Parks Tau said, adding he is hopeful about... 


US flag
US will likely be star performer amid world economic woes
16th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Chief Economists Outlook’ report that only 17% of economists foresee an improvement in the global economy this year, with 56% of respondents... 


Finance Minister Enoch Godongwana
Godongwana notes importance of collaboration as South Africa seeks international support at WEF
16th January 2025 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has emphasised the importance of collaboration between business and government as South Africa has an opportunity to highlight its strengths on the global stage.... 


President Cyril Ramaphosa
Investors go all in on Ramaphosa pledge to rebuild South Africa
16th January 2025 By: Bloomberg

On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the landscape. As workers dodge cement mixers and... 


The top global threats for 2025
Increasingly fragile global landscape demands resilience, sustainable solutions - WEF
15th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Global Risks’ report that the global landscape has become increasingly fractured, with escalating geopolitical, environmental, societal and... 


Steel pipes
Much at stake as Itac moves on ‘flagship’ review of steel tariffs
15th January 2025 By: Terence Creamer

The review of South Africa’s steel tariff structure set to be undertaken by the International Trade Administration Commission of South Africa (Itac) has been described as the largest ever and is,... 


Man with computer screens
Cybercrime again leads Allianz Risk Barometer this year
15th January 2025 By: Marleny Arnoldi

Cyber incidents, business disruption and natural catastrophes have emerged as the top three areas of concern for companies globally this year, according to the latest Allianz Risk Barometer. The... 


Steelworks apprentice
SACP wants State intervention to stop ‘manufacturing de-industrialisation’
15th January 2025 By: Thabi Shomolekae

The South African Communist Party is calling for the State to intervene in stopping what it describes as the “erosion of our national industrial base” and “manufacturing de-industrialisation”. This... 


President Cyril Ramaphosa
Presidential Economic Advisory Council discusses economic policy priorities during SA’s G20 Presidency
15th January 2025 By: Thabi Shomolekae

As South Africa heads up the G20 Presidency this year, the Presidential Economic Advisory Council of South Africa’s seventh administration is looking at the country’s role in advancing the global... 


Sasol logo
Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025 By: Bloomberg

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 —... 


Rand Currency
South Africa’s economy set to escape a decade of growth inertia
14th January 2025 By: Reuters

South Africa’s economy is set to forge an upward path this year after misfiring for more than a decade, boosted by steps to address growth constraints and higher consumer spending, according to... 


Treasury, SARB holding first of four G20 framework meetings this week
13th January 2025 By: Schalk Burger

The National Treasury and the South African Reserve Bank (SARB), which are jointly responsible for overseeing the work of the Group of 20 (G20) Finance Track, will start the first set of technical... 


Informal vegetable market
Commission tasks munis, agents and retailers to fix distortion in fresh produce market
13th January 2025 By: Marleny Arnoldi

After launching a market inquiry into the fresh produce industry in March 2023, the Competition Commission has released its final report on the matter confirming that there are significant barriers... 


Cybersecurity risks cited by CISOs and CEOs
Complexity, supply chain interdependencies barriers to improving cyber resilience
13th January 2025 By: Schalk Burger

Emerging technologies, prevailing geopolitical uncertainty, the evolution of threats, regulatory challenges, vulnerabilities in supply chain interdependencies and a growing skills gap are... 


Image of Cyril Ramaphosa
Govt to scale up tourism promotion strategies to restore inbound tourism figures – Ramaphosa
13th January 2025 By: Thabi Shomolekae

President Cyril Ramaphosa said on Monday that government will use the upcoming G20 summit to profile and actively promote South Africa as a tourism destination of choice, saying the tourism sector... 


Scrap processing
Itac expects to finalise review of scrap export regulations during first half of 2025
13th January 2025 By: Terence Creamer

International Trade Administration of South Africa (Itac) chief commissioner Ayabonga Cawe reports that a summary report relating to the commission’s review of the Price Preference System (PPS) for... 


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Magazine round up | 17 January 2025
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