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Macro & Micro

Protests should not come at the cost of economic stability, Busa says as Cosatu strike looms
Updated 6 hours ago By: Thabi Shomolekae

Business Unity South Africa (Busa) expressed concern over the planned October 7 nationwide protest by the Congress of South African Trade Unions (Cosatu), saying recurring protests, using... 


OEC tank farm
R273m govt-funded Orion tank farm in Gqeberha unveiled
3rd October 2024 By: Darren Parker

The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and... 


Opinion: Danish-South African energy cooperation to unleash just energy transition in grid-ready regions
Opinion: Danish-South African energy cooperation to unleash just energy transition in grid-ready regions
3rd October 2024

South Africa has some of the best resources for wind and solar energy in the world. However, the country battles with grid constraints in areas with higher wind speeds, and little renewable-energy... 


Tellers working at a PnP grocery store
South Africa business activity accelerates in Sept as inflation eases, S&P PMI shows
3rd October 2024 By: Reuters

South Africa's private sector saw an uptick in growth in September, driven by a rise in business activity and a significant cooling of inflationary pressures, a survey by S&P Global showed on... 


South Africa nominates Bajabulile Tshabalala for AfDB president
2nd October 2024 By: Schalk Burger

South Africa’s Cabinet formally endorsed development finance institution the African Development Bank (AfDB) senior VP Bajabulile Swazi Tshabalala as its nominee for the role of president of the... 


Discovery CEO Adrian Gore
South African CEOs see ‘green shoots’ as economic mood improves
2nd October 2024 By: Bloomberg

Sentiment about South Africa has improved since the formation of a coalition government but the nation needs to be cautious about complacency, according to chief executive officers at two of the... 


Gauteng province planning to convert six hostels into 2 000 family units – Kubayi
2nd October 2024 By: Schalk Burger

The Gauteng Department of Human Settlements is undertaking detailed planning for the eradication and conversion of six hostels owned by the provincial department to 2 000 family units, Human... 


Hydrogen storage
Low-emission hydrogen project approvals double, but demand and cost uncertainties weigh
2nd October 2024 By: Terence Creamer

A new International Energy Agency (IEA) report shows that the number of low-emission hydrogen projects to have advanced to a final investment decision (FID) stage doubled over the last 12 months,... 


Deputy President Paul Mashatile
South Africa’s reforms in spotlight as nation woos investors
2nd October 2024 By: Bloomberg

South Africa will need to expedite reforms that can boost economic growth to sustain investor inflows that have flooded in since the formation of a coalition government, according to the world’s... 


Rand Currency
South African rand softens, global markets focus on Middle East tensions
2nd October 2024 By: Reuters

The South African rand weakened slightly against a stable dollar in early trade on Wednesday, as markets worried about rising tensions in the Middle East. At 0803 GMT, the rand traded at 17.3975... 


President Cyril Ramaphosa addressing the relaunch of the partnership between government and business at the IDC's offices in Johannesburg
Growth target of 3% set for 2025 as business and government relaunch partnership under GNU
1st October 2024 By: Terence Creamer

A second phase of the partnership launched between government and business to tackle South Africa’s electricity, logistics and crime crises has been launched under the Government of National Unity... 


Presidential Climate Commission executive director Crispian Olver
Impact of US election outcomes on global climate change efforts ‘overblown’, Olver says
1st October 2024 By: Darren Parker

Fears around what the outcome of the upcoming US Presidential elections will mean for the green energy transition and fight against climate change are somewhat overblown, Presidential Climate... 


Powerlines
Nersa committee recommends licensing of four more traders, batting away Eskom objections
1st October 2024 By: Terence Creamer

The electricity subcommittee of the National Energy Regulator of South Africa (Nersa) has recommended the approval of four more electricity trading licences, dismissing the objections raised by... 


Deputy President Paul Mashatile
South Africa courts UK investors to fund infrastructure plans
1st October 2024 By: Bloomberg

South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector as state officials court investors in the UK.... 


SA SME Fund CEO Ketso Gordhan
R300m fund aims to support 50 tech startups
1st October 2024 By: Terence Creamer

A R300-million ‘seed fund of funds’ aimed at providing early-stage capital to South African startups has been launched with the ambition of funding at least 50 technology-driven enterprises.  The... 


A manufacturing plant in South Africa
Absa PMI back in expansionary territory in Sept
1st October 2024 By: Creamer Media Reporter

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 52.8 points in September, putting it back in expansionary territory after having declined to 43.6 points in August. "The... 


ENERTRAG South Africa CEO Enos Banda
Banda appointed CEO of ENERTRAG South Africa
1st October 2024 By: Terence Creamer

German renewable-energy company ENERTRAG has appointment Enos Banda as the new CEO of South African operations. A lawyer by training, Banda is a well-known personality in the South African energy... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Grid and regulatory hurdles stand in way of Ramokgopa’s ‘ultra-aggressive’ renewables vision
30th September 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa says that government would like to be “ultra-aggressive” in the roll-out of new renewable energy, which he describes as the “future”.... 


UAE firm signs MoU with PIC to advance South Africa’s mining, green energy, transport and logistics sectors
30th September 2024 By: Darren Parker

United Arab Emirates (UAE) diversified natural resources company International Resources Holding (IRH) has signed a memorandum of understanding (MoU) with South Africa's State-owned Public... 


A handbag made from old denim
Woolworths launches in-store denim recycling initiative
30th September 2024 By: Schalk Burger

Food and clothing retailer Woolworths has launched a Denim Drop-Off programme, which will result in donated denim being collected at designated clothing bins located at Woolworths fashion shop till... 


Iron-ore being railed to port
Large-scale infrastructure concessions needed to drive logistics competitiveness
30th September 2024 By: Schalk Burger

State-owned logistics agency Transnet has taken tentative steps towards limited engagement with the private sector, but there should be large-scale concessions of port and rail capacity to drive... 


Deputy President Paul Mashatile
Mashatile sees South Africa's growth accelerating in 2025
30th September 2024 By: Bloomberg

Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new coalition government focuses on investing in... 


Image of Dr Leon Schreiber
Schreiber unveils Home Affairs’ plans to 'restore integrity' to SA's national security
30th September 2024 By: Thabi Shomolekae

In marking 100 days in office for the Government of National Unity, Home Affairs Minister Dr Leon Schreiber highlighted that over the next five years all the department’s services must become fully... 


One of PPC's South African manufacturing plants
PPC reports continued decline in revenue from March to July
30th September 2024 By: Darren Parker

JSE-listed cement company PPC has reported a 2.1% decline in revenue for the four months ended July 31, compared with the same period last year. The decline follows PPC’s recent efforts to... 


Amazon launches Shop Mzansi storefront to support local products
27th September 2024 By: Darren Parker

Online retailer Amazon.co.za has launched ‘Shop Mzansi’ – a curated storefront on Amazon.co.za showcasing unique local products that reflect South Africa’s diverse cultures. Shop Mzansi features... 


eggs
First Egg Master Plan project hatched in Gauteng West Rand
27th September 2024 By: Darren Parker

Gauteng Agriculture and Rural Development MEC Vuyiswa Ramokgopa has launched the first Egg Master Plan project, the Shumbaset egg packing station, in the Gauteng West Rand. The project will involve... 


OPEC Fund offices
OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar
27th September 2024 By: Darren Parker

The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost support for... 


Government Communication and Information System Acting Director-General Nomonde Mnukwa
Economy starting to show improvement with marginal employment growth – Govt
27th September 2024 By: Sashnee Moodley

Government has welcomed the marginal employment growth of 0.4% from 10 674 000 in March to 10 716 000 in June, saying this indicated its commitment to working with social partners to stabilise the... 


A generic image of a car manufacturing assembly line
Increased local content, skills transfer attainable targets
27th September 2024 By: Lumkile Nkomfe

The Nedbank Manufacturing Roundtable, held on July 11, in Johannesburg, has highlighted the imperative of greater localisation opportunities and the need to facilitate comprehensive skills transfer... 


An image of Amith Singh
Localisation key to unlocking potential
27th September 2024 By: Lumkile Nkomfe

Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing... 


An image of Beth Dealtry
Push to increase component volumes gains impetus – NAACAM
27th September 2024 By: Lumkile Nkomfe

The National Association of Automotive Component and Allied Manufacturers (NAACAM) says the local production of automotive components must increase to foster sustainable economic growth. While the... 


Rand currency
South Africa household wealth rises to highest level in a year
26th September 2024 By: Bloomberg

South Africa’s household wealth rose in the second quarter as an increase in the market value of their assets outstripped that of their liabilities — in part due to a strong stock market rally, the... 


The SA Reserve Bank logo on a white background
South Africa's FDI inflows slow in second quarter, central bank says
26th September 2024 By: Reuters

South Africa recorded foreign direct investment inflows of R16.6-billion in the second quarter of 2024, down from R24.4-billion rand in the first quarter, central bank data showed on Thursday. The... 


Barloworld group CEO Dominic Sewela
Barloworld characterises 11-month performance as ‘resilient’ despite overall decline
26th September 2024 By: Darren Parker

Diversified industrial company Barloworld has reported a 7.4% decline in group revenue from R40.4-billion to R37.4-billion for the 11 months ended August 31, compared with the same period last... 


Public Works and Infrastructure Minister Dean Macpherson
Macpherson, AGSA commit to working together to iron out DPWI financial mismanagement
25th September 2024 By: Darren Parker

Following a meeting between Public Works and Infrastructure Minister Dean Macpherson and the Auditor-General of South Africa (AGSA) on September 25, the two parties have committed to working... 


railway tracks
AFC signs concession agreements with Angola, Zambia to advance Lobito rail project
25th September 2024 By: Darren Parker

Infrastructure financier Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the... 


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Eskom seeks 36% tariff increase
27th September 2024 By: Creamer Media Reporter
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