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Macro & Micro

AMSA factory
AMSA’s long-steel closure a ‘devastating’ blow to economy, SEIFSA warns
10th January 2025 By: Darren Parker

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has expressed grave concern over ArcelorMittal South Africa’s (AMSA’s) decision to mothball its long-steel operations,... 


 South Africa and Nigeria, the region’s two biggest economies, are both making reforms that boost their creditworthiness and economic-growth prospects,.
Sub-Saharan Africa economies well placed for 2025, Moody’s says
10th January 2025 By: Bloomberg

Sub-Saharan Africa’s economic growth is expected to improve to an average 4.2% this year from an estimated 3.8% in 2024, boosted by investments in energy and infrastructure and an expanded services... 


Competition Tribunal dismisses Sekunjalo’s interim relief application against Nedbank
9th January 2025 By: Thabi Shomolekae

The Competition Tribunal has dismissed an interim relief application sought by Sekunjalo Investment Holdings and twenty-seven of its entities seeking an order to compel Nedbank to reinstate their... 


Trade, Industry and Competition Minister Parks Tau
The dtic says it will continue to seek ‘workable resolution’ to closure of AMSA’s longs unit
9th January 2025 By: Terence Creamer

The Department of Trade, Industry and Competition (dtic) says it intends to continue its engagements with ArcelorMittal South Africa (AMSA) “until a workable resolution to the problems faced by... 


PCC acting executive director Blessing Manale
PCC appoints Manale temporary executive director
8th January 2025 By: Marleny Arnoldi

The Presidential Climate Commission (PCC) has appointed Blessing Manale acting executive director effective January 1 to February 24, following which Dorah Modise will continue in a permanent... 


Steel coils
Itac confirms review of steel tariff structure amid ‘regrettable’ Newcastle closure
7th January 2025 By: Terence Creamer

The International trade Administration of South Africa (Itac) has confirmed that it is undertaking a review of the steel tariff structure alongside surveillance of the upstream, midstream and... 


Infrastructure reform key to lift South Africa growth, BER says
Infrastructure reform key to lift South Africa growth, BER says
7th January 2025 By: Bloomberg

South Africa must invest R200-billion to revive its frayed railways, half that amount again to upgrade water infrastructure, and tackle bottlenecks in both electricity and governance to achieve an... 


Alboricah Rathupetsane
Opinion: Saving jobs by building powerlines – why the grid expansion matters for the local steel industry
7th January 2025

In this opinion article, Alboricah Rathupetsane of Stellenbosch University's Centre for Sustainability Transitions argues that South Africa’s Transmission Development Plan presents an... 


RFA CEO Gavin Kelly
RFA encourages careful study of Transnet network statement to avoid snags
7th January 2025 By: Marleny Arnoldi

Following Transport Minister Barbara Creecy’s approval of the publishing of the Transnet network statement, which facilities open access to South Africa’s rail network by third-party operators, the... 


ArcelorMittal Rail and Structural, pictured, will also be shut when Newcastle closes
No reprieve likely this time after talks on Newcastle mill’s survival fail
6th January 2025 By: Terence Creamer

The failure of a task team established to chart a survival strategy for ArcelorMittal South Africa’s (AMSA’s) Newcastle Works, in KwaZulu-Natal, culminated in the JSE-listed steel group notifying... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA confirms closure of Newcastle Works as it issues profit warning
6th January 2025 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has announced that it will close its long-products business in a move that will affect 3 500 direct and indirect jobs and which is likely to have... 


An Eskom power station and transmission infrastructure
Eskom risk premium falls as turnaround wins over bond investors
20th December 2024 By: Bloomberg

Eskom Holdings’s risk premium is dwindling as a turnaround at South Africa’s State-owned electricity company gathers momentum. The extra yield investors demand to take on the risk of holding the... 


Image of Cyril Ramaphosa
Ramaphosa assents to National Nuclear Regulator Amendment Bill
19th December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Thursday assented to the National Nuclear Regulator Amendment Bill, which provides for nuclear safety oversight, ranging from the decontamination of defence facilities... 


Power pylons on farmland
South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty rises to 65.7
19th December 2024 By: Schalk Burger

South Africa is "still in the foothills of economic recovery" and, while external influences must still be skillfully navigated, the country's future economic performance will hinge mainly on... 


Govt extends deadline for registration of spaza shops
Govt extends deadline for registration of spaza shops
18th December 2024 By: Thabi Shomolekae

Government has extended the deadline for registration of all spaza shops and other food-handling facilities to February 28, urging municipalities to still reserve capacity to assist those who will... 


Maputo Mozambique
Mozambique's post-election unrest to hit economic growth, says IMF official
18th December 2024 By: Reuters

Mozambique's 2024 economic growth is likely to be revised down from a previous forecast of 4.3% due to post-election civil unrest and the impact of Cyclone Chido, a senior International Monetary... 


Customers paying with a nu-branded card
Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Structural reforms needed for growth in South Africa, collaboration crucial – BLSA
17th December 2024 By: Schalk Burger

Growth in South Africa cannot occur without underlying structural reforms and, to accelerate the implementation of structural reforms, effective collaboration between business, labour and... 


A Takelot sign on a building
Takealot bets on townships to fend off global rivals
17th December 2024 By: Reuters

South Africa's biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals,... 


Power lines
Roll out transmission line projects to save steel sector, says HDGASA
13th December 2024 By: Schalk Burger

Industry trade association the Hot Dip Galvanizers Association Southern Africa (HDGASA) has called on government to start releasing gazetted infrastructure builds, streamlining independent power... 


SABS logo with the word
SABS denies allegations of corruption, mismanagement
13th December 2024 By: Darren Parker

The South African Bureau of Standards (SABS) has denied a series of allegations of longstanding and ongoing corruption and mismanagement. In an open letter sent to Trade, Industry and Competition... 


SARB logo
South Africa shifts to FDI outflows in third quarter, central bank says
13th December 2024 By: Reuters

South Africa recorded foreign direct investment outflows of 3.2-billion rand ($179.87-million) in the third quarter, compared to inflows of 16.6-billion in the second quarter, central bank data... 


Coins
Energy, fintech, impact investing shine in private capital investment sector
13th December 2024 By: Marleny Arnoldi

Southern African Venture Capital and Private Equity Association (Savca) says South Africa’s private capital market has demonstrated remarkable resilience despite global economic challenges. The... 


AfDB, Italy's CDP sign cooperation agreement for investment in Africa's growth
13th December 2024 By: Schalk Burger

Development finance institution the African Development Bank Group and Italy’s national promotional institution Cassa Depositi e Prestiti (CDP) have signed a partnership framework agreement to set... 


A generic image of water pumping equipment
George projects progressing well
13th December 2024

The George municipality, having received a Budget Facility for Infrastructure Funding (BFI) grant to the value of R1.1-billion from the National Treasury in the 2021/22 financial year, noted on its... 


An image of Kate Stubbs
Firm highlights project’s significance
13th December 2024 By: Lumkile Nkomfe

Sustainable waste management solutions company Interwaste contends that environmental stewardship and resource recovery remain integral in supporting South Africa’s water conservation requirements... 


Township economy
Govt urges spaza shop owners to register businesses before deadline
12th December 2024 By: Thabi Shomolekae

With the registration deadline looming for small businesses, spaza shops and other food-handling convenience stores, government warned owners that if they missed the registration window their... 


S Africa's Premier Group open to acquisitions after profit jumps 32.4%
S Africa's Premier Group open to acquisitions after profit jumps 32.4%
12th December 2024 By: Reuters

South African food producer Premier Group has 1.1-billion rand ($60.91-million) available for acquisitions, it said on Tuesday, after reporting a 32.4% rise in interim profit. Already, the group,... 


Cranes at a Transnet operated port
Court blocks ICTSI bid to appeal South Africa port-deal ruling
12th December 2024 By: Bloomberg

A South African court denied a bid by International Container Terminal Services Inc (ICTSI) to appeal a decision that temporarily stops the nation’s state-owned logistics firm from going ahead with... 


A building carrying the HSBC logo
HSBC, World Bank's IFC launch $1bn trade finance programme for emerging markets
12th December 2024 By: Reuters

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1-billion, in a move to help fill a gap in financing for... 


Pele Green Energy CEO Gqi Raoleka
100 MW Free State solar project represents IPP empowerment landmark
12th December 2024 By: Terence Creamer

The selection of Pele Green Energy (PGE) to supply renewable energy to the South African ferrochrome smelters operated by the Glencore Merafe Venture represents an important milestone in the steady... 


Real-time payments contribution to South Africa's GDP set to double by 2028
11th December 2024 By: Schalk Burger

Payments technology company ACI Worldwide says in its 'Real-Time Payments: Economic Impact and Financial Inclusion' report that the contribution of real-time payments to South Africa's GDP is... 


Peter Huxham and Frik Potgieter
Families of unlawfully convicted engineers call for their release before Christmas
11th December 2024 By: Marleny Arnoldi

The families of two South Africans, Frik Potgieter and Peter Huxham, have again pleaded with the Equatorial Guinea government to release the men, who have been detained in the country for 670 days,... 


ARC starts new financial year off strong with solid portfolio performances
10th December 2024 By: Marleny Arnoldi

JSE-listed African Rainbow Capital (ARC) Investments made some significant investments in its ARC Fund in the first quarter of its 2025 financial year, which ended on September 30. The company’s... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa seeks to catalyse Japanese finance for green hydrogen projects
10th December 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa is in Japan this week in a bid to secure financial backing for flagship South African green-hydrogen projects in the Eastern and Northern... 


renewable energy and city at night
Renewables covering area the size of Europe needed for clean energy future, report shows
10th December 2024 By: Darren Parker

A newly released report by technology and lifecycle solutions provider Wärtsilä shows that an area the size of Europe will need to be covered with renewable power to reach a clean energy future... 


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