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Macro & Micro

wind turbine + coal fired power
Global energy investment to reach record $3.3tr this year
5th June 2025 By: Darren Parker

Global energy investment is set to increase to a record $3.3-trillion this year, despite headwinds from elevated geopolitical tensions and economic uncertainty, according to the International... 


South African Rand
South African rand weaker before Q1 current account data
5th June 2025 By: Reuters

The South African rand was weaker in early trade on Thursday, ahead of local first-quarter current account data. At 0551 GMT the rand traded at 17.8425 against the dollar, about 0.2% weaker than... 


Transport Minister Barbara Creecy
DoT confirms 162 responses to RFI for private freight rail and port projects
5th June 2025 By: Terence Creamer

The Department of Transport (DoT) reports that it received 162 formal responses to a request for information (RFI) launched by Minister Barbara Creecy in March to test the market appetite for... 


President Cyril Ramaphosa and US President Donald Trump
Trump’s possible G20 absence should not distract from summit goals, economist says
4th June 2025 By: Darren Parker

Absa macro and fixed-income research head Jeff Gable thinks it is “ridiculous” that discussions are abounding about whether or not the US will boycott the 2025 G20 Summit later this year or not,... 


RMB chief economist Isaah Mhlanga
RMB/BER second-quarter BCI reflects uncertainties globally, locally
4th June 2025 By: Marleny Arnoldi

The Rand Merchant Bank (RMB)/Bureau for Economic Research Business Confidence index (BCI) decreased by five points to 40 in the second quarter of the year, after the recovery that started in the... 


A beach in Port Elizabeth
Unctad highlights benefits of, and challenges facing, the ocean economy
4th June 2025 By: Rebecca Campbell

UN Trade and Development (Unctad) has warned that the global ocean economy is under increasing pressure from environmental and international political shocks. This is of concern because of the... 


wind farm sunset
African economies need to spend one-third of their GDPs by 2030 to meet renewable-energy SDGs, analyst says
4th June 2025 By: Darren Parker

Frontier economies, mostly located in Africa, would need to spend one-third of their GDP by 2030 to achieve renewable power generation goals under the Sustainable Development Goal (SDG) scenario,... 


Finance Minister Enoch Godongwana
Godongwana awaiting inflation-targeting report
4th June 2025 By: Bloomberg

Finance Minister Enoch Godongwana said he is waiting for a report on the country’s inflation-targeting dispensation and he hasn’t decided whether it should be adjusted. “I do not have any views at... 


S&P logo
S&P says South Africa needs faster growth to secure rating upgrade
4th June 2025 By: Reuters

South Africa needs faster economic growth and credible fiscal consolidation to secure its first credit rating upgrade in two decades, a senior S&P Global Ratings official said on Wednesday. At its... 


JHB Skyline
South African business confidence slips in second quarter of 2025 on tariff woes
4th June 2025 By: Reuters

South African business confidence fell in the second quarter of 2025, pressured by trade uncertainties due to US President Donald Trump's "Liberation Day" tariffs and local logistical constraints,... 


Joburg skyline with the Hillbrow tower
South Africa's business activity growth hits four-year high, S&P PMI shows
4th June 2025 By: Reuters

South African business activity grew at its fastest pace in four years in May, driven by a robust increase in private sector output and improved customer confidence, a survey showed on Wednesday.... 


The Moody's logo
Local debt markets could shield Africa as funding sources shrink, Moody's says
4th June 2025 By: Reuters

African countries should focus on developing liquid local debt markets in their home currencies to protect them from global volatility and fickle foreign investors, said Moody's global head of... 


Trade, Industry and Competition Deputy Minister Zuko Godlimpi
Godlimpi defends Transformation Fund while admitting it’s no empowerment ‘silver bullet’
3rd June 2025 By: Terence Creamer

While defending the controversial launch of a R100-billion Transformation Fund, Trade, Industry and Competition Deputy Minister Zuko Godlimpi has also urged lawmakers not to view the proposed... 


beer bottles
Excessive beer taxation is driving illicit alcohol trade, BASA says
3rd June 2025 By: Darren Parker

Excessively high beer taxation levels are driving consumers to support the illicit alcohol industry, a situation that needs to be rectified by lowering beer excise taxes as soon as possible, Beer... 


Johannesburg Skyline
South Africa sees R870bn of debt savings with new CPI goal
3rd June 2025 By: Bloomberg

A lower South African inflation target coupled with a revised borrowing strategy could save the government as much as R870-billion in debt-service costs, according to a research document published... 


A farm
South Africa's GDP vulnerable of sliding into negative territory after barely growing in the first quarter
3rd June 2025 By: Schalk Burger

South Africa's GDP increased by 0.1% in the first quarter, following an increase of 0.4% in the fourth quarter of 2024. The agriculture, forestry and fishing industry increased by 15.8%,... 


City of Cape Town Mayoral Committee Member for Economic Growth Alderman James Vos
More than 10 000 new jobs created in Cape Town’s BPO sector over the past year
3rd June 2025 By: Darren Parker

About 10 427 new jobs have been created in the business process outsourcing (BPO) sector during the past financial year, from April 2024 to March 2025, City of Cape Town Mayoral Committee Member... 


SA Rand
South African rand gains before manufacturing PMI, vehicle sales data
2nd June 2025 By: Reuters

The South African rand gained some ground against a weaker dollar in early trade on Monday, ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector and vehicle... 


Cape Town has jumped up the ranks of global conference host cities
30th May 2025 By: Rebecca Campbell

The International Congress and Convention Association (ICCA) has ranked Cape Town as the world’s thirty-fifth most popular convention location for international associations, in its latest annual... 


Reserve Bank Governor Lesetja Kganyago
Kganyago provides fuel for best bond return in emerging markets
30th May 2025 By: Bloomberg

South Africa’s central bank chief has given the country’s local-currency bonds another reason to add to their market-leading returns. Investors are piling into the debt after South African Reserve... 


Wind farm
‘Landmark’ Discovery Green offtake deal with Red Rocket unlocks 150 MW wind project
30th May 2025 By: Terence Creamer

Electricity trader Discovery Green has signed a power purchase agreement with Red Rocket that unlocks the second phase of the independent power producer’s (IPP’s) 150 MW Overberg Wind Farm, located... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Mulilo and Scatec emerge as preferred bidders for R9.5bn battery storage projects
30th May 2025 By: Terence Creamer

Independent power producers (IPPs) Mulilo and Scatec have been named as preferred bidders to develop 616 MW/2 464 MWh of new battery storage capacity at a cost of R9.5-billion across five... 


R5 coin
South African rand holds gains after SARB focuses on lower inflation target
30th May 2025 By: Reuters

The South African rand held most of the previous day's gains in early trade on Friday, after the central bank stressed its strong preference for a lower inflation target at a monetary policy... 


Report highlights data gap preventing small businesses from accessing finance
29th May 2025 By: Schalk Burger

The ‘South African MSME Access to Finance 2025’ report has showed that there is insufficient, and insufficiently granular, data on lending to small businesses, and South Africa should align with... 


Small Business Development Minister Stella Ndabeni
Inaugural Global SME Ministerial Meeting is ‘call to action’ for 750 delegates
29th May 2025 By: Marleny Arnoldi

Ahead of the South African government and the International Trade Centre hosting the first-ever Global Small and Medium-sized Enterprises (SME) Ministerial Meeting in July, Small Business... 


Reserve Bank logo
South African central bank cuts key rate with inflation well-contained
29th May 2025 By: Reuters

South Africa's central bank cut its main interest rate by 25 basis points to 7.25% on Thursday, after inflation came in below its target range for a second consecutive month. The decision by the... 


Refine coal, rework empowerment, secure property rights to boost investment – Economic analyst
Refine coal, rework empowerment, secure property rights to boost investment – Economic analyst
29th May 2025 By: Thabi Shomolekae

Independent political and economic advisory firm Private Clients director Dr Frans Cronje argued on Thursday that for South Africa to see a lift in the fixed investment rate, it should refine coal,... 


Godongwana congratulates three new Treasury DDGs on their appointment
29th May 2025 By: Chanel de Bruyn

Finance Minister Enoch Godongwana has congratulated Ulrike Britton, Ogalaletseng Gaarekwe and Christopher Axelson on their appointment as deputy directors-general (DDGs) in the Department of... 


JHB skyline
South Africa producer inflation unchanged at 0.5% y/y in April
29th May 2025 By: Reuters

South Africa's producer inflation was at 0.5% year on year in April, unchanged from March, statistics agency data showed on Thursday. The Producer Price Index increased 0.5% month on month in... 


A panel of speakers discuss the need to invest in technologies and infrastructure to boost agricultural exports
South Africa’s agriculture sector geared to respond to global risks
29th May 2025 By: Marleny Arnoldi

South Africa’s agriculture sector is no novice when it comes to global risk mitigation and adapting export procedures according to market standards, Agricultural Business Chamber of South Africa... 


SARB logo
South Africa poised for rate cut to bolster economy
29th May 2025 By: Bloomberg

The South African Reserve Bank looks set to ease borrowing costs on Thursday to support a faltering economy, before pausing to assess any further fallout from US President Donald Trump’s trade war.... 


Rand Currency
South African rand stable as traders wait for interest rate decision
28th May 2025 By: Reuters

The South African rand was steady on Wednesday, a day ahead of the central bank's interest rate decision. At 1329 GMT, the rand traded at 17.9375 against the dollar, little changed from Tuesday's... 


Powerlines
Lawmakers updated on plans to procure first independent transmission projects
28th May 2025 By: Terence Creamer

The Independent Power Producer (IPP) Office has confirmed that a request for qualification will be issued in July in preparation for the first phase of the procurement of independent transmission... 


Image of Collins Letsoalo
RAF CEO placed on special leave, widespread welcome for 'overdue' development
28th May 2025 By: Thabi Shomolekae

RISE Mzansi is calling for urgency in a Special Investigating Unit (SIU) investigation into Road Accident Fund (RAF) CEO Collins Letsoalo, who has been placed on special leave, with immediate... 


Image of Ann Bernstein
CDE warns Transformation Fund is flawed, calls for its scrapping
28th May 2025 By: Thabi Shomolekae

The Centre for Development and Enterprise on Wednesday called for the proposed R100-billion Transformation Fund to be scrapped, saying it is “riddled with gaps, flawed assumptions, and implausible... 


The Johannesburg skyline
South Africa GDP growth outlook gets biggest cut since early 2023; SARB to trim rates
28th May 2025 By: Reuters

Economists have cut their consensus forecast for South African economic growth this year by 0.3 percentage points in May, in the biggest single monthly downgrade since early 2023, a Reuters poll... 


Rand Currency
South African rand stable as traders wait for interest rate decision
28th May 2025 By: Reuters

The South African rand was flat in early trade, as traders held off from big bets before the central bank's interest rate decision on Thursday. At 0645 GMT, the rand traded at 17.9725 against the... 


President Cyril Ramaphosa
Ramaphosa insists relations with the US have been ‘reset’ despite tense Oval Office meeting
27th May 2025 By: Terence Creamer

President Cyril Ramaphosa insisted on Tuesday that South Africa’s deteriorating relationship with the US had been “reset” following recent meetings with President Donald Trump, notwithstanding an... 


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