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Macro & Micro

An image of Higgins Mdluli
Drier season produces lower yield
6th December 2024

Industry association SA Canegrowers highlights that this year’s sugarcane harvest is expected to be 10% lower than average, largely owing to unusually dry conditions in most of KwaZulu-Natal's... 


A generic image of a sugarcane plant
Extend sugar tax moratorium, says SASA
6th December 2024 By: Lumkile Nkomfe

Industry association, the South African Sugar Association (SASA), asserts that the sugar tax, since its introduction in 2019, has had a devastating impact on both sugarcane farmers and milling... 


A generic image of boiler equipment
Firm’s boilers enable efficient processes
6th December 2024 By: Lumkile Nkomfe

Steam generation solutions company Steinmüller Africa says that its boilers are well-equipped to deliver efficient waste management, energy, and cost savings for the pulp and paper, sugar,... 


delegates celebrate the signing of the Atlanta Phambili pledge
South Africa signs pledge with Atlanta to drive US investment in South Africa
5th December 2024 By: Darren Parker

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 


Rising business insolvencies globally an emerging risk for directors – Allianz
5th December 2024 By: Schalk Burger

Global business insolvencies are expected to rise by 11% this year and countries accounting for more than half of global GDP will be hit by double-digit insolvency increases, says risk and... 


JHB skyline
South Africa's current account deficit broadly unchanged in Q3
5th December 2024 By: Reuters

South Africa's current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product, central bank data showed on Thursday. In... 


Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
4th December 2024

The University of the Witwatersrand, in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome, after... 


Coal power station
High Court says State can’t order new coal plants
4th December 2024 By: Bloomberg

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


National Treasury notes Moody’s reaffirmation of South Africa’s junk status
4th December 2024 By: Darren Parker

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 


Shirts for sale in a retail store
South Africa business activity rises for 4th straight month, S&P Global PMI shows
4th December 2024 By: Reuters

South African private sector activity increased for a fourth consecutive month in November as firms took on more workers and grew more confident about the economic outlook, a survey showed on... 


Consumers
S African consumer confidence drops, but signals strong festive season
4th December 2024 By: Reuters

South Africa's consumer confidence slipped one point in the fourth quarter, although retail sales during the festive season are still expected to be at levels last seen in 2019, a survey showed on... 


Minister Thembi Nkadimeng-Simelane
Justice Minister moved to Human Settlements portfolio amid probe
3rd December 2024 By: Bloomberg

President Cyril Ramaphosa moved Justice and Constitutional Development Minister Thembi Nkadimeng-Simelane to a new department, amid an investigation into her conduct before she joined the Cabinet.... 


South Africa’s launched its King Protea G20 Presidency logo on December 3
Germany commits R5.2bn to South Africa and promises to deepen cooperation ahead of Joburg G20
3rd December 2024 By: Terence Creamer

Germany has committed further funding of €276.5-million (about R5.2-billion) to South Africa for the period to 2026 to support several initiatives, including skills development and South Africa’s... 


dude pouring beer from a tap
Deadline for public comment on alcoholic beverages taxation discussion paper extended
3rd December 2024 By: Darren Parker

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 


President Cyril Ramaphosa with G20 leaders
SA will use G20 to focus on low-income countries – Ramaphosa
3rd December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Tuesday expressed confidence in South Africa’s ability to present “the most impressive G20”, stating that under the country’s leadership, the intergovernmental forum... 


Equipment on a farm
GDP contracts by 0.3% in the third quarter
3rd December 2024 By: Creamer Media Reporter

South Africa’s GDP decreased by 0.3% in the third quarter, following an increase of 0.3% in the second quarter. The agriculture, forestry and fishing industry decreased by 28.8%, contributing -0.7... 


With G20, B20 presidencies, South Africa to amplify Africa's role in global business affairs
2nd December 2024 By: Schalk Burger

South Africa has assumed the presidency of intergovernmental forum Group of 20 (G20) and its private sector engagement group Business 20 (B20). B20 South Africa will focus on unifying efforts... 


Tshwane to strengthen service delivery, revenue collection after reaching agreement with Eskom
2nd December 2024 By: Schalk Burger

The City of Tshwane says the agreement with State-owned Eskom to settle the R6.67-billion historical debt it owes to the utility signals a turning point, ending years of costly litigation and... 


Steel being produced
Simmering steel tensions coming to boil as Newcastle mill’s survival comes under spotlight again
2nd December 2024 By: Terence Creamer

Long simmering tensions in South Africa’s steel sector appear to be coming to a boil following a joint statement by the National Union of Metalworkers of South Africa (Numsa) and ArcelorMittal... 


South Africans holding flag
AgriSA highlights desired focal areas for South Africa as it leads G20
2nd December 2024 By: Marleny Arnoldi

As South Africa assumed the presidency of the Group of 20 (G20) and its private sector engagement group Business 20, industry body AgriSA says this leadership position presents an opportunity for... 


structural steel
Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024 By: Darren Parker

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Africa enjoyed a 9% y/y increase in FDI in 2024, report shows
2nd December 2024 By: Darren Parker

Africa recorded a 9% year-on-year increase in foreign direct investment (FDI) projects this year, albeit still 22% below prepandemic levels from 2019, EY Africa’s latest yearly ‘Africa... 


BLSA CEO Busi Mavuso
Auditor-General says culture of accountability must be built in public sector – Mavuso
2nd December 2024 By: Schalk Burger

In Auditor-General (AG) Tsakani Maluleke's report on the performance of national government entities and an assessment of the underlying performance of the public sector released during the final... 


FirstRand's first social bond proceeds to support FNB lending to SMMEs, housing customers
29th November 2024 By: Schalk Burger

The proceeds of financial services provider FirstRand Bank's inaugural social bond will be allocated to fund financial services firm FNB’s lending to small, medium-sized and microenterprises... 


South Africa’s third battery bidding round attracts 33 project submissions
South Africa’s third battery bidding round attracts 33 project submissions
29th November 2024 By: Terence Creamer

A total of 33 bids have been submitted for South Africa’s latest bidding round for 616 MW/2 464 MWh of utility-scale battery storage capacity that is being procured across five pre-selected... 


Hand holding a US flag
Rupert says extension of US pact vital for South Africa
29th November 2024 By: Bloomberg

Johann Rupert, chairperson and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from the continent duty-free access to the world’s... 


An image of Sam Leyde
Firm lauds government’s reducing hurdles for less sensitive projects
29th November 2024

Global consultancy SRK Consulting lauds the significant efforts aimed at reducing the environmental hurdles for lower sensitivity renewable-energy projects. In a move to support the development of... 


South African National Energy Development Institute CEO Dr Titus Mathe
Updated IRP report to be released ahead of Cabinet approval, Mathe confirms
28th November 2024 By: Terence Creamer

South African National Energy Development Institute CEO Dr Titus Mathe has confirmed that a report containing a remodelled Integrated Resource Plan for 2024 (IRP2024) and incorporating stakeholder... 


M&R appoints interim chairperson as Kana steps down
28th November 2024 By: Creamer Media Reporter

JSE-listed Murray & Roberts (M&R) says chairperson Suresh Kana and director Jesmane Boggenpoel have resigned from the board with effect from November 30 and November 15, respectively. Clifford... 


Komati power station smoke stacks
Eskom, Indian power utility sign knowledge exchange MoU
28th November 2024 By: Darren Parker

Indian power generation company NTPC has signed a memorandum of understanding (MoU) with South African State-owned utility Eskom to exchange knowledge and collaborate on research and development... 


Police dispersing protestors
Unrest blocks Mozambique’s South African border for a second day
28th November 2024 By: Bloomberg

Mozambique’s main border crossing with South Africa was blocked for a second day on Thursday due to political unrest, the highway concessionaire said. Renewed demonstrations after last month’s... 


Staff and customer at a Boxer store
Boxer rises on debut after South Africa’s biggest IPO since 2017
28th November 2024 By: Bloomberg

Boxer Retail surged in its Johannesburg debut following South Africa’s biggest initial public offering since 2017. The stock gained 17% to R63.01 at 9:07 a.m. local time, up from the IPO price of... 


Takealot boosts logistics with new distribution centre in South Africa's Durban
28th November 2024 By: Reuters

Takealot, South Africa's biggest pure-play online retailer, on Wednesday opened its third distribution centre in the coastal province of KwaZulu-Natal, as it seeks to offer faster deliveries in the... 


Televisions on display at the Tevolution Museum
Hisense opens television museum in Cape Town
27th November 2024 By: Schalk Burger

Electronics manufacturer Hisense has opened a museum of television, the Tevolution Museum, in Cape Town. In partnership with the Western Cape Department of Cultural Affairs and Sport and the South... 


IMF logo
IMF urges South Africa to prioritise ongoing electricity and logistics reform to enhance growth prospects
27th November 2024 By: Terence Creamer

The International Monetary Fund (IMF) has again urged South Africa to implement its economic reforms “ambitiously”, while arguing for priority to be given to reforms in the electricity and... 


Containers at a port
Outlook for South Africa's trade, investment in 2025 mixed – PwC
27th November 2024 By: Schalk Burger

South Africa’s largest sources of foreign investment, including the US, the UK and Germany, are entering 2025 with mixed fortunes. With great uncertainty about the US economy in 2025, the economic... 


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AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

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VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

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Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

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Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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