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Macro & Micro

Finance Minister Enoch Godongwana
Enoch Godongwana says dropping VAT hike would have severe consequences
17th April 2025 By: Reuters

South Africa's finance minister has said that failing to raise the value-added tax rate from May would cause severe harm to state finances, court papers showed, after a stand-off over the proposal... 


Global economic growth to suffer immediate setbacks because of US tariffs – analysts
17th April 2025 By: Darren Parker

Global economic growth is expected to be significantly and immediately curtailed as a result of the ongoing US trade actions, global advisory firm Oxford Economics warned in a recent webinar on... 


Rand
Rand weaker as markets await tariff, local government news
17th April 2025 By: Reuters

South Africa's rand weakened early on Thursday against a firmer dollar, as markets awaited information on US tariffs and local investors looked for news on the future of the coalition government.... 


Global economic growth could slow to 2.3% this year, Unctad says
16th April 2025 By: Schalk Burger

Global growth is projected to slow to 2.3% this year, placing the world economy on a recessionary path owing to mounting threats, including trade policy shocks, financial volatility and a surge in... 


Special envoy to the US Mcebisi Jonas
Jonas could face cold shoulder in Washington, US analyst warns
16th April 2025 By: Darren Parker

Following President Cyril Ramaphosa’s appointment of former Deputy Finance Minister Mcebisi Jonas as a special envoy to the US on April 14, public comments made by Jonas in 2020, in which he... 


PPS delivers highest-ever profit share of R5.33bn to members
15th April 2025 By: Darren Parker

Financial services provider Professional Provident Society (PPS) has allocated an all-time high R5.33-billion in profit-share to members in South Africa with qualifying life-risk products’ notional... 


Africa CEO Forum Summit 2024
Summit aims to strike ‘new deal’ between public, private sectors as Africa navigates global changes
15th April 2025 By: Marleny Arnoldi

As protectionism rises and global trade dynamics shift, Africa CEO Forum director Adrien Fielding asserts that a “new deal” must be struck between the public and private sectors in Africa. Speaking... 


Rand
South African rand recovers further on bets coalition will hold
15th April 2025 By: Reuters

The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget. At 0725 GMT the... 


Coins stacked
African venture capital ecosystem data shows resilience of continental investor funds
14th April 2025 By: Marleny Arnoldi

The African Private Capital Association (Avca) finds in its ‘2024 Venture Capital in Africa’ report that last year was challenging for African start-up companies, while the continent had also... 


Former deputy minister of finance Mcebisi Jonas
Ramaphosa appoints Mcebisi Jonas as special envoy to US
14th April 2025 By: Reuters

President Cyril Ramaphosa on Monday announced former deputy finance minister Mcebisi Jonas as a special envoy to the United States. Jonas is currently independent non-executive chairman of... 


South African banknotes
Rand gains on report ANC may scrap VAT hike
14th April 2025 By: Reuters

The South African rand strengthened on Monday, boosted by a news report that the country's biggest political party may back down on a plan to raise value-added tax (VAT) and dollar weakness on... 


Business Leadership South Africa CEO Busisiwe Mavuso
Failure to implement effective IT systems is undermining efforts to create a capable State
14th April 2025 By: Darren Parker

Efforts to create a capable State will be in vain if South Africa does not have the systems available to support it, Business Leadership South Africa CEO Busisiwe Mavuso has said. In her weekly... 


President Cyril Ramaphosa
Ramaphosa stresses need for ‘level playing field’ in global trade
14th April 2025 By: Thabi Shomolekae

President Cyril Ramaphosa said on Monday that trade between countries must remain “free, predictable and governed by a rules-based system”, particularly for developing economies, many of which he... 


President Cyril Ramaphosa
Ramaphosa tours CSIR on its eightieth anniversary
11th April 2025 By: Darren Parker

President Cyril Ramaphosa has praised the Council for Scientific and Industrial Research (CSIR), an entity of the Department of Science, Technology and Innovation, for its commitment to excellence... 


Macpherson fires back at court application intended to block his appointment of IDT trustees
11th April 2025 By: Darren Parker

Public Works and Infrastructure Minister Dean Macpherson has filed an answering affidavit opposing a court application by two entities, Black Forum South Africa (BFSA) and Izwi Labantu Forum (ILF),... 


First National Bank
South Africa’s top lender plans private bank for Ghana’s wealthy
11th April 2025 By: Bloomberg

A unit of FirstRand, South Africa’s biggest bank by market capitalisation, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s... 


Public Works and Infrastructure Minister Dean Macpherson
More than 240 construction mafia arrests made since November, Macpherson says
11th April 2025 By: Darren Parker

Since the Department of Public Works and Infrastructure (DPWI) hosted its Construction Summit on Crime-Free Construction Sites in November last year and key officials signed the Durban Declaration... 


President Cyril Ramaphosa
Trade rules must be recalibrated, Ramaphosa tells WTO on 30th anniversary
11th April 2025 By: Sashnee Moodley

In wishing the World Trade Organisation (WTO) well on its thirtieth anniversary, President Cyril Ramaphosa urged the body to uphold its aims to ensure smooth, predictable and free trade, amid what... 


Rand Currency
Rand gains ground amid US trade moves and as ANC, DA set to meet
11th April 2025 By: Reuters

The South African rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists in the global trade war and the risk that South Africa's coalition... 


South Africa remains cautious amid pause in US reciprocal tariffs
South Africa remains cautious amid pause in US reciprocal tariffs
11th April 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the approach being taken by South Africa in trade talks with the US after the announcement of a 90-day pause on America’s so called reciprocal... 


Chinese flag
China speaks with Saudi Arabia, South Africa about response to US tariffs
11th April 2025 By: Reuters

China's Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States' "reciprocal tariffs", the Chinese... 


A generic image of a vehicle manufacturing plant
Association highlights stagnation of localisation levels
11th April 2025 By: Lumkile Nkomfe

Faced with many domestic and global obstacles over the past five years, the automotive sector is tracking behind the growth targets it set out to achieve when South Africa’s Automotive Industry... 


An image of Amith Singh
Infrastructure development key to harnessing sector’s potential
11th April 2025 By: Lumkile Nkomfe

There is multistakeholder consensus on the need to increase investments in the infrastructure development required to improve the trajectory of South Africa’s manufacturing sector, highlights... 


A generic image of a lippia plant
Organisation outlines potential of essential, vegetable oils
11th April 2025 By: Lumkile Nkomfe

Essential and vegetable oils produced from indigenous species and destined for the cosmetic, food and health sectors are experiencing growing demand by health-conscious consumers and can contribute... 


An image of Liz Hart
Event to highlight need for investment, collaboration
11th April 2025 By: Lumkile Nkomfe

The Manufacturing Indaba can serve as a catalyst for industrial development, fostering a collaborative environment where African manufacturers are empowered to become key players in the global... 


An image of Thami Mzolo
High efficiency key to production facility’s expansion
11th April 2025

Leading lubricants manufacturer and supplier FUCHS LUBRICANTS South Africa introduced customers to its new expanded Isando, Ekurhuleni facility during a customer day in February. FUCHS LUBRICANTS... 


An image of Allen Fiford
Composites present new opportunities
11th April 2025 By: Lumkile Nkomfe

Significant efforts are under way to introduce the manufacturing of glass-fibre-reinforced polymer composites to South Africa, as this is regarded as a positive step that could transform the... 


A generic image of a piece of land near a coal mine
Landmark initiative will facilitate greener future
11th April 2025

In a move that bridges mining, energy and sustainability, blue ammonia producer Suiso and public research institute the Council for Geoscience (CGS) have entered a collaboration to research South... 


M&R's head office
M&R Holdings' mining businesses to be sold as creditors approve business rescue plan
10th April 2025 By: Creamer Media Reporter

JSE-listed Murray & Roberts (M&R) Holdings has confirmed that its mining businesses will be sold, following the approval of a business rescue plan (BRP) by an overwhelming majority of creditors.... 


Bottle manufacturing
Manufacturing output decreases in February
10th April 2025 By: Marleny Arnoldi

Manufacturing production decreased by 3.2% year-on-year in February, with the largest negative contributions made by the motor vehicles, parts and accessories and other transport equipment, having... 


BBCBE president Danny Masimene
We can no longer blame Apartheid for economic failures, BBCBE’s Masimene says
10th April 2025 By: Darren Parker

After more than 30 years of democracy, South Africa’s numerous economic problems can no longer be blamed on Apartheid but rather must be blamed on the black-led government that has held the reins... 


Manufacturing
South Africa's February manufacturing output falls 3.2% y/y
10th April 2025 By: Reuters

South Africa's manufacturing output fell 3.2% year on year in February after falling by a revised 3.2% in January, statistics agency data showed on Thursday. Factory production rose 0.3% month on... 


Trade, Industry and Competition Minister Parks Tau
South Africa aims to use US tariff pause to have formal talks on ‘mutually beneficial’ trade deal
10th April 2025 By: Terence Creamer

Having received confirmation that the 30% reciprocal tariffs imposed on South African exports by President Donald Trump have been paused, Trade, Industry and Competition Minister Parks Tau says... 


South African bank notes
Rand regains some ground after US pauses tariffs
10th April 2025 By: Reuters

South Africa's rand firmed in early trade on Thursday, recouping some of its recent loss as investors took a breather after US President Donald Trump announced an immediate 90-day tariff pause for... 


Africa map
Current global volatility may spark stronger intra-African trade
10th April 2025 By: Marleny Arnoldi

As Africa navigates the outcomes of key elections in 2024 and 2025, as well as geopolitical realignments on the back of President Donald Trump’s re-election, some caution over Africa’s credit... 


Freight containers
America’s application of tariff-setting formula ‘hugely inflated’ South Africa’s trade surplus
9th April 2025 By: Terence Creamer

South Africa’s trade surplus with the US, which was used to calculate the ‘Liberation Day’ tariffs announced by US President Donald Trump, has been “hugely inflated”, says Professor Lawrence... 


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SABAT
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