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Macro & Micro

The Port of Maputo
Grindrod suspends port operations in Mozambique after border closure
7th November 2024 By: Reuters

Logistics company Grindrod has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after... 


President elect Donald Trump
Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies
6th November 2024 By: Darren Parker

While the decisive American election mandate, which has seen Donald Trump being all but confirmed as President elect in the US, has strengthened political certainty within that country, it has... 


Donald Trump
Trump claims 'powerful mandate' after Fox News projects he has won US presidency
6th November 2024 By: Reuters

Republican Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, which would cap a stunning political comeback four... 


Sars Commissioner Edward Kieswetter
South Africa is working on unique digital identity, instant visa
6th November 2024 By: Bloomberg

South Africa plans to create unique identities for its citizens and issue instant visas as it digitizes its economy. The South African Revenue Service, the central bank and the Department of Home... 


Power lines
Pickup in growth expected, but South Africa's expenditure still largely for wages, debt
6th November 2024 By: Schalk Burger

Insights, data and analytics provider BMI expects South Africa's economic growth to pick up from 1% this year to 1.5% in 2025 as improved energy supply, greater private-sector investment, slower... 


Sasol CEO Simon Baloyi
Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi
5th November 2024 By: Terence Creamer

Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and... 


Rand currency
South Africa on the clock as rand volatility soars post-budget
5th November 2024 By: Bloomberg

Investors are giving South Africa’s coalition government some leeway to get its finances in order, but the rising cost of hedging against rand declines shows pressure is building after last week’s... 


Peter Huxham and Frik Potgieter
Families appeal for clemency for two engineers after 634 days in Equatorial Guinea prison
5th November 2024 By: Schalk Burger

The families of two detained South African engineers, Frik Potgieter and Peter Huxham, staged a peaceful protest outside Africa Energy Week at the Cape Town International Convention Centre, with... 


Rand Currency
South Africa's private sector growth sustained in October as costs fall, PMI shows
5th November 2024 By: Reuters

South Africa's private sector maintained its growth trajectory in October, bolstered by a decline in business costs and selling prices, a Purchasing Managers' Index (PMI) survey showed on Tuesday.... 


SEW fish processing operation
South Africa, Chile collaborate to advance sustainable fisheries, aquaculture
5th November 2024 By: Marleny Arnoldi

The governments of South Africa and Chile have signed a memorandum of understanding to cooperate on fisheries and aquaculture. The countries will soon establish a joint technical committee to... 


IDC COO Joanne Bate
Green-hydrogen secretariat being set up at IDC as single point of contact for public and private coordination
5th November 2024 By: Terence Creamer

South Africa’s Industrial Development Corporation (IDC) is in the process of setting up the institutional capacity to house the Green Hydrogen Just Energy Transition (JET) Secretariat, which is... 


pouring asphalt
AECI to sell Much Asphalt for R1.1bn
4th November 2024 By: Darren Parker

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Finance Minister Enoch Godongwana
Goldman more upbeat on South Africa than its Finance Minister
4th November 2024 By: Bloomberg

Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path for fiscal consolidation remains credible. Finance... 


BLSA CEO Busi Mavuso
South Africa should capitalise on its East and West trade ties – BLSA
4th November 2024 By: Schalk Burger

Building a stronger economy is the best way for South Africa to prepare for any internal or external shocks. While this requires the country to successfully carry out reforms, South Africa is in a... 


Sino Africa Gases co-founder Sibusiso Sibisi
Sino Africa Gases established in Newcastle
1st November 2024 By: Darren Parker

The new food-grade liquid CO2 manufacturing plant of Sino Africa Gases is now officially established. The plant, located in Newcastle, KwaZulu-Natal, was funded by the National Empowerment Fund... 


Employee at a factory in South Africa
Despite slight dip, Absa PMI in expansionary territory, indicating rebound in manufacturing
1st November 2024 By: Schalk Burger

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 52.6 points in October, following an upbeat closing of the third quarter at 53.3 points in September. Although this is a... 


Wind and solar
IPP Office to defend legal attempt by BW5 preferred bidders to prevent payout of bid bonds
1st November 2024 By: Terence Creamer

The Independent Power Producer (IPP) Office has confirmed that it will oppose a legal attempt by two renewables consortia to prevent the payout of preferred-bidder guarantees called after their... 


The Durban Container Terminal
South Africa looks to Africa and China ties as global trade fences go up
1st November 2024 By: Reuters

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 


No one entity can meet South Africa’s energy investment needs, report argues
No one entity can meet South Africa’s energy investment needs, report argues
31st October 2024 By: Terence Creamer

No one entity has the resources, funding or execution capability to address South Africa’s multitrillion-rand energy investment needs, a new PWC report argues, while calling for collaboration... 


Finance Minister Enoch Godongwana
South Africa’s Central Bank unlikely to get lower CPI goal soon
31st October 2024 By: Bloomberg

South Africa is unlikely to have a new inflation target by February’s budget, Finance Minister Enoch Godongwana said. “I don’t want to mislead you and say there will be an announcement in... 


Electricity powerlines
DA urges ‘anti-competitive’ Eskom to withdraw legal proceedings against Nersa
31st October 2024 By: Thabi Shomolekae

The Democratic Alliance on Thursday urged State power utility Eskom to withdraw its “futile and costly” legal dispute and support the transformation of South Africa’s energy sector. Eskom has... 


Powerlines
In another shock move, Eskom seeks review of Nersa decision to issue four new trading licences
31st October 2024 By: Terence Creamer

In another surprise move, Eskom has taken the seemingly regressive step of approaching the High Court for a review of the National Energy Regulator of South Africa’s (Nersa’s) decision to grant... 


Photo of Terence Creamer
Unlocking private sector participation in infrastructure
30th October 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the key themes of the first Medium-Term Budget Policy Statement of the Government of National Unity, delivered by Finance Minister Enoch... 


Solar PV panels
R390bn in electricity investment ‘tangible evidence’ of benefits of reforms
30th October 2024 By: Terence Creamer

The first phase of Operation Vulindlela, which was set up jointly by the Presidency and the National Treasury to oversee structural economic reforms, unlocked R390-billion worth of investment in... 


National Treasury still consulting on fiscal anchor policy options
30th October 2024 By: Terence Creamer

The National Treasury reports that technical work is continuing on permanent measures to anchor fiscal policy and ensure debt sustainability and that a discussion document on the controversial... 


New strategies explored to address big Eskom defaulters, as Rand West City shows way under current relief scheme
30th October 2024 By: Terence Creamer

The National Treasury reports that additional strategies are being explored together with stakeholder departments and Eskom to address the “critical” financial situation of the top 14 Eskom... 


Unlocking private participation in infrastructure, starting with grid, at heart of Godongwana’s ‘pro-growth agenda’
Unlocking private participation in infrastructure, starting with grid, at heart of Godongwana’s ‘pro-growth agenda’
30th October 2024 By: Terence Creamer

Scaling up private-sector participation (PSP) in the delivery of infrastructure emerged as a central component of the “pro-growth agenda” outlined by Finance Minister Enoch Godongwana in his first... 


World needs development rethink - Unctad
30th October 2024 By: Schalk Burger

Slow growth, high debt, weak investment and the risk of fragmented trade are contributing to widespread discontent affecting developed and developing nations. Multilateral action and a revised... 


solar and wind energy
Clean energy technology market to rival crude oil market value by 2035
30th October 2024 By: Darren Parker

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 


Donald Trump
Trade opportunities for emerging countries to remain under a Trump Presidency, economist says
29th October 2024 By: Darren Parker

Economist Dr Larry Hatheway has predicted that Donald Trump will win the upcoming US presidential elections against Kamala Harris, which will probably encourage deglobalisation based on the former... 


Powerlines
Batting away Eskom objections, Nersa approves four new electricity traders and first private import/export licence
29th October 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has approved four new electricity trading licences, the issuance of which had been opposed by Eskom, along with the country’s first-ever... 


South African flag with R2 coin
TIPS highlights positive second-quarter trade, investment movements
29th October 2024 By: Marleny Arnoldi

Trade & Industry Policy Strategies (TIPS) finds in its latest Real Economy Bulletin for the second quarter of the year that GDP increased by 0.4% year-on-year, against population growth of 1.3%... 


A person holding ZiG banknotes
Zimbabwe’s ruling party passes resolution to have gold-backed ZiG adopted as sole currency
29th October 2024 By: Bloomberg

Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US dollars. The government is ordered to “expedite... 


Finance Minister Enoch Godongwana
South African budget eyed by investors for further reform steps
29th October 2024 By: Bloomberg

The new South African coalition government’s resolve to control debt and expedite reforms to fire up the lackluster economy will be put to the test when it unveils its first budget on Wednesday.... 


sugar pile
Sugar industry calls for Godongwana to honour his commitment to reassess sugar tax
28th October 2024 By: Darren Parker

In an open letter, several sugar industry associations have called on Finance Minister Enoch Godongwana to honour a commitment he made in his 2023 Budget, where he announced that consultations... 


Forestry, Fisheries and the Environment Minister Dr Dion George
South Africa to seek rise in yearly climate finance pledge to $1.3tr at COP29
28th October 2024 By: Terence Creamer

South Africa will call for the New Collective Quantified Goal (NCQG) on climate finance to be set at $1.3-trillion yearly during the upcoming COP29 climate negotiations, which will be held in Baku,... 


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