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Macro & Micro

A view of the Pretoria skyline
South Africa’s biggest political parties seek Budget compromise by April
18th March 2025 By: Bloomberg

South Africa’s two biggest political parties are holding a series of talks to resolve an impasse over the national budget that poses the biggest threat yet to the stability of the country’s ruling... 


South African rand notes
BER survey respondents expect headline consumer inflation of 4.3% this year
17th March 2025 By: Marleny Arnoldi

Research company Bureau for Economic Research (BER) finds in its latest Inflation Expectations Survey for the first quarter of the year that respondents expect headline consumer inflation this year... 


Eskom’s aggregated tariffs increased by 190% since 2014
Electricity demand fell again last year amid rapid growth of solar installations
17th March 2025 By: Terence Creamer

Demand for electricity in South Africa continued to trend down in 2024, a new Council for Scientific and Industrial Research (CSIR) report confirms. It shows that peak demand was a per cent lower... 


Spier wine farm
Index reflects positive sentiment amid La Niña rains, better macroeconomics
17th March 2025 By: Marleny Arnoldi

The Agribusiness Confidence Index (ACI) increased by 11 points from the fourth quarter last year to 70 in the first quarter of this year. The index, which is compiled by Agricultural Business... 


Image of Cyril Ramaphosa
SA, EU summit reaffirms unwavering commitment to multilateralism – Ramaphosa
17th March 2025 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that while South Africa and the EU are expanding their traditional areas of cooperation, they are now focused on working together to develop the industries... 


A map showing upcoming repo rate decisions in various countries
Trump’s trade salvos test nerves of central bankers
17th March 2025 By: Bloomberg

An anxious sense of wait-and-see may emerge from central banks in the coming week, in their first collective assessment of how President Donald Trump’s trade policies are impacting the world... 


US Secretary of State Marco Rubio
US expels South Africa's ambassador, calling him 'race-baiting' Trump hater
17th March 2025 By: Reuters

The US is expelling South Africa's ambassador, Secretary of State Marco Rubio said, calling the envoy a "race-baiting politician" who hates President Donald Trump. Ties have slumped since Trump cut... 


Ambassador of South Africa to the US Ebrahim Rasool
South Africa attempting to take nuanced line in navigating US relations
14th March 2025 By: Schalk Burger

There has been a deluge of more than 100 executive decisions taken by US President Donald Trump following his re-election in November, including the imposition of import tariffs on traditionally... 


Shipping containers
Sacci finds trade conditions improved in Feb but not enough to create more jobs
14th March 2025 By: Marleny Arnoldi

The South African Chamber of Commerce and Industry (Sacci) finds in its latest Trade Conditions Survey for February that respondents are positive following the “best conditions since the middle of... 


Finance Minister Enoch Godongwana
Fitch thinks S Africa will struggle to stabilise debt as projected in budget
14th March 2025 By: Reuters

Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget. "South Africa's 2025 budget, unveiled on... 


An image of Lucinde Rhoodie
Firm addresses legal, export risks attributed to bud rot spread
14th March 2025 By: Lumkile Nkomfe

The potential spread of phytophtora palmovira (bud rot) from infested areas through host material to other areas may negatively affect South Africa’s domestic and international trade, says law firm... 


President Cyril Ramaphosa and European Commission President Ursula von der Leyen
EU announces €4.7bn investment package for South Africa
13th March 2025 By: Reuters

EU leaders announced a €4.7-billion investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades. The... 


Deputy President Paul Mashatile
Mashatile assures business of govt commitment to land reform, US relations, GNU
13th March 2025 By: Sashnee Moodley

Deputy President Paul Mashatile on Thursday addressed the BizNews Conference, in the Western Cape, where he gave government assurance on investment-linked policies to business leaders in... 


Tabled Budget still facing some opposition
Tabled Budget still facing some opposition
13th March 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses Finance Minister Enoch Godongwana's tabling of his much-anticipated Budget after the unprecedented postponement on February 19; how the March 12... 


NUM member wearing t-shirt
NUM worried about ‘possible bloodbath of job losses’ on multiple fronts
12th March 2025 By: Darren Parker

The National Union of Mineworkers (NUM) is worried about a “possible bloodbath of job losses” across multiple sectors, including steel, transportation, ferrochrome and mining, on the back of... 


Finance Minister Enoch Godongwana
Lower VAT hikes in delayed Budget not enough to secure full GNU backing
12th March 2025 By: Terence Creamer

Finance Minister Enoch Godongwana tabled his delayed Budget on Wednesday that included lower, yet still controversial, increases to the value-added tax (VAT) rate, as he sought to hold the... 


Enoch godongwana with GNU logo and money
Budget needs to reduce policy, economic uncertainty, Busa says
12th March 2025 By: Darren Parker

After its unexpected postponement owing to disagreements between the partners in the Government of National Unity (GNU) last month, the 2025 Budget needs to reduce the policy and economic... 


Blast furnace steel production
A global steel war heats up with Trump’s latest tariff offensive
12th March 2025 By: Bloomberg

President Donald Trump is unleashing sweeping import tariffs that he says will reverse the decline of America’s steel towns. But the US isn’t the only nation rushing to protect its factory... 


property in Cape Town
South African Reit sector shows recovery in February
11th March 2025 By: Darren Parker

South Africa's real estate investment trust (Reit) sector showed a recovery in February, rebounding by 1.2% after price declines seen in January. This positive return outpaced the broader equity... 


President Cyril Ramaphosa
Ramaphosa insists South Africa will send envoys to ‘transactional’ US once offer is crafted
11th March 2025 By: Terence Creamer

President Cyril Ramaphosa insists that his government intends following through on sending envoys to the US as announced during his State of the Nation Address but that it will do so once it has... 


IMF logo
IMF suggests continued reform, public wage adjustments can accelerate GDP growth
11th March 2025 By: Marleny Arnoldi

If South Africa continues to implement structural reforms in the electricity and logistics sectors, as well as in respect of business enablement, the economy could reach a 3% GDP growth rate, says... 


Agricultural exports were stagnant in the fourth quarter, but remained important
11th March 2025 By: Rebecca Campbell

Agriculture accounted for nearly 20% of South Africa’s exports during the fourth quarter of last year, the Bureau for Food and Agricultural Policy (BFAP) thinktank has highlighted, in its latest... 


waterfall city
Attacq delivers strong half-year results on the back of Waterfall City success
11th March 2025 By: Darren Parker

JSE-listed real estate investment trust (Reit) Attacq, a strategic development partner of Waterfall City in Midrand, Gauteng, has announced a strong set of financial results for the six months... 


The Pretoria skyline
JPMorgan downgrades South African equities on economic slowdown concerns
11th March 2025 By: Reuters

JP Morgan on Tuesday downgraded South African equities to "neutral" from "overweight," citing concerns over an economic slowdown and the effectiveness of the country's policy reforms. "While South... 


PCC deputy chairperson Dr Crispian Olver
Presidential Climate Commission calls for recommitment to global efforts on climate action
10th March 2025 By: Darren Parker

The Presidential Climate Commission (PCC) has called for a recommitment to global efforts on climate action at its seventeenth ordinary quarterly meeting on March 7. The meeting was convened to... 


National Treasury logo
Treasury opens first window of applications for public sector megaproject financing
10th March 2025 By: Marleny Arnoldi

National Treasury has invited national, provincial and municipal spheres of government, as well as public entities, to apply for funding under the Budget Facility for Infrastructure (BFI) that was... 


Leon Schreiber
Schreiber wants full digital ID system by 2029 elections
10th March 2025 By: Thabi Shomolekae

Home Affairs Minister Leon Schreiber has said that digital transformation requires more than just technology, noting that by the time of the next national and provincial elections in 2029, the... 


CAT-branded equipment
Saudi’s Zahid to reopen talks with Barloworld’s shareholders
10th March 2025 By: Bloomberg

Saudi Arabia’s Zahid Group will start fresh negotiations with the shareholders of South Africa’s Barloworld, after an initial acquisition offer was rejected. The consortium led by Zahid will seek... 


BLSA CEO Busisiwe Mavuso
Upcoming Budget speech has to grapple with rapidly changing geopolitical context, Mavuso says
10th March 2025 By: Darren Parker

Rapid changes in global geopolitics mean that this week’s Budget speech will takes place in an entirely different context, Business Leadership South Africa CEO Busisiwe Mavuso said in her weekly... 


AFC CEO Samaila Zubairu
AFC chief pushes to unlock billions from African pension funds
10th March 2025 By: Reuters

The Africa Finance Corporation (AFC) said it is accelerating efforts to mobilise the continent's money for investments and tapping investors in the Middle East and Asia, as developing nations... 


Person putting on a face mask
Five years on, the economic impact of Covid-19 lingers
9th March 2025 By: Reuters

Five years after the World Health Organization first described the Covid-19 coronavirus outbreak as a pandemic, its effects are still being felt on the global economy. Covid-19 and efforts to... 


The Koeberg nuclear power station
Eskom implements Stage 3 loadshedding after losing Koeberg unit again
7th March 2025 By: Terence Creamer

Eskom again resorted to Stage 3 loadshedding on Friday, after a loss of 2 700 MW in 14 hours, including Koeberg Unit 2, which was taken offline on March 2 and was meant to have been returned to... 


US Treasury Secretary Scott Bessent
US Treasury's Bessent outlines plans to reshape global trade, ease bank regulations
6th March 2025 By: Reuters

US Treasury Secretary Scott Bessent on Thursday laid out the Trump administration's ambitions to reshape international trade relations withtariffs, roll back financial regulations on American... 


President Cyril Ramaphosa
Microsoft announces a further R5.4bn investment in South Africa
6th March 2025 By: Schalk Burger

Information technology and software company Microsoft has announced that it will invest a further R5.4-billion to build out more data centre infrastructure in South Africa. This is in addition to... 


Glass fibre reinforced polymer rebar
We do not want to compete with steel, we want to replace it, GFRP Tech CEO says at facility launch
6th March 2025 By: Darren Parker

Structural reinforcement materials manufacturer GFRP Tech has opened a new research and development (R&D) and manufacturing facility in Linbro Park, Sandton. The facility – the result of... 


Food inflation now has a heavier weighting in the calculation of South African CPI inflation
6th March 2025 By: Rebecca Campbell

In January, Statistics South Africa (Stats SA) increased the weight of food and non-alcoholic beverage (NAB) prices in the calculation of the country’s Consumer Price Index (CPI) inflation, the... 


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