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Macro & Micro

Four European DFIs invest in a pan-African private credit fund aimed at mid-size enterprises
13th May 2025 By: Rebecca Campbell

Four of Europe’s main development finance institutions (DFIs) are jointly committing $80-million to pan-African private credit fund BluePeak Private Capital Fund II (BPCF II). The DFIs are British... 


One of Greencoat Renewables' solar farms in Ireland
Greencoat Renewables aims to make JSE debut in June
13th May 2025 By: Terence Creamer

European renewable energy infrastructure company Greencoat Renewables is seeking a secondary listing on the JSE’s Alternative Exchange, or AltX. The company is already listed on the Alternative... 


Job seekers waiting to be hired for odd jobs
Unemployment rate worsens to 32.9% in the first quarter
13th May 2025 By: Darren Parker

Statistics South Africa (Stats SA) has reported that the official unemployment rate stood at 32.9% for the first quarter of this year, compared with 31.9% for the fourth quarter of 2024, while the... 


Redefine property on Alice Lane
Redefine reports improved profitability despite rocky macroeconomic terrain
13th May 2025 By: Darren Parker

South African real estate investment trust (Reit) Redefine Properties has reported improved profitability in its financial results for the six months ended February 28. Overall, the Reit explained... 


Communications and Digital Technologies Minister Solly Malatsi
Roadmap on the Digital Transformation of the South African government launched
12th May 2025 By: Natasha Odendaal

South Africa is taking steps to unify its currently fragmented digital initiatives, and modernise public service delivery, with the launch on Monday of the Roadmap on the Digital Transformation of... 


Transport Minister Barbara Creecy
Transport department extends deadline for response to rail, ports RFI to May 30
12th May 2025 By: Terence Creamer

The Department of Transport (DoT) has extended, to May 30, a deadline for responses to a request for information (RFI) on potential private sector participation (PSP) projects in the rail and port... 


The Standby Offer acceptance date for Barloworld has been extended
12th May 2025 By: Rebecca Campbell

Following the receipt of regulatory approval, on Monday afternoon JSE-listed South African industrial conglomerate Barloworld issued a statement reporting that it had agreed that the deadline for... 


Discovery CEO Adrian Gore is also a business co-convenor of the Government Business Partnership
Government Business Partnership commits to ‘intensified phase’ amid growth headwinds
12th May 2025 By: Terence Creamer

The Government Business Partnership has agreed to what is being described as an “intensified phase” of delivery on the priority interventions vital to economic growth and job creation following a... 


Merchant West Investments head of listed property and portfolio manager Ian Anderson
South African Reit sector outperformed other sectors last month
12th May 2025 By: Rebecca Campbell

The real estate investment trust (Reit) sector in South Africa outperformed the country’s equity and bond sectors in April. While the Reits gained 6.9%, equities rose by 4.3% and bonds by 0.8%.... 


Duvha power station, in Mpumalanga
Presidency MoU assigns Mpumalanga Green Cluster Agency as JET implementer in the province
12th May 2025 By: Marleny Arnoldi

The Presidency has signed a memorandum of understanding (MoU) with the Mpumalanga Green Cluster Agency (MGCA) to cooperate on implementing a Just Transition portfolio for the province. The... 


BLSA CEO Busi Mavuso
BLSA to launch policy reform tracker tool
12th May 2025 By: Marleny Arnoldi

Business Leadership South Africa (BLSA) will, in the third quarter, launch a new online tool to track progress on all Operation Vulindlela policy reform areas. This comes after the launch last... 


Image of Cyril Ramaphosa
Ramaphosa attends Africa CEO Forum as he touts Africa-focused trade and investment
12th May 2025 By: Thabi Shomolekae

President Cyril Ramaphosa will this week attend the Africa CEO Forum in the Ivorian capital, Abidjan, to showcase South Africa’s potential as a premier investment and trade destination. Ramaphosa... 


eSwatini flag
Eswatini plans $275m wealth fund
12th May 2025 By: Bloomberg

The southern African Kingdom of Eswatini plans to start a sovereign wealth fund of around 5-billion emalangeni ($275-million) this year to help channel money into areas including manufacturing and... 


Photo of Terence Creamer
New reform priorities set out as Operation Vulindlela Phase 2 is launched
9th May 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the official launch of Phase 2 of Operation Vulindlela; the new reform priorities; the new areas of emphasis with the original Operation Vulindlela... 


Sappi CEO Steve Binnie
Sappi had a tough second quarter but its US prospects look bright
8th May 2025 By: Darren Parker

Paper and pulp manufacturer Sappi’s operating performance for the second quarter of its 2025 financial year fell short of expectations owing to challenging market conditions and issues that arose... 


Chemicals and petrochemicals
Petrol products, vehicles drag first-quarter manufacturing output lower
8th May 2025 By: Marleny Arnoldi

Manufacturing production decreased by 0.8% in March compared with March last year, with the largest negative contributions having been made by the petroleum, chemical products, rubber and plastic... 


Powerline
Concern lingers over both content of updated IRP and lack of consultation
8th May 2025 By: Terence Creamer

Serious questions continue to be raised about both the content of the Integrated Resource Plan (IRP) for electricity currently being discussed at the National Economic Development and Labour... 


South African rand
South African rand slips before manufacturing data
8th May 2025 By: Reuters

The South African rand weakened in early trade on Thursday ahead of the release of domestic manufacturing data. At 07:18 GMT the rand traded at 18.31 against the dollar, about 0.2% weaker than... 


Johannesburg
Operation Vulindela’s reform lens widened to include municipal rescue, urban densification and digital transformation
7th May 2025 By: Terence Creamer

South Africa’s Government of National Unity Cabinet has endorsed a plan to incorporate three new reform priorities under the umbrella of Operation Vulindlela, which will now oversee and coordinate... 


Wetility co-founder and chief product officer Ikenna Oguguo
Wetility launches AI energy management solution to automatically boost solar use without harming supply resilience
7th May 2025 By: Terence Creamer

Solar as a service provider Wetility has launched an AI-enabled solution for its customers to automatically optimise their solar and battery usage to improve electricity account savings, while... 


Person handling South African banknotes
Rand flat with global focus on US rate decision
7th May 2025 By: Reuters

The South African rand was little changed in early trade on Wednesday, as global investors focused on an interest rate decision by the US Federal Reserve later in the day. At 0650 GMT, the rand... 


South African food inflation stayed below upper target limit for 13th straight month, in March
6th May 2025 By: Rebecca Campbell

South African food and non-alcoholic beverage (NAB) inflation – hereafter to be referred to just as food inflation, for brevity – decelerated slightly in year-on-year (y-o-y) terms in March, the... 


Counterfeit goods at a street market
Tracit recommends South Africa employ a PPP initiative to curb illegal trade
6th May 2025 By: Marleny Arnoldi

The Transnational Alliance to Combat Illicit Trade (Tracit) has launched a second edition of South Africa’s ‘Fight Against Illicit Trade’ report, which recommends a public-private partnership (PPP)... 


Powerlines
New wheeling framework will stimulate generation competition, Ramokgopa states
6th May 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has described the wheeling framework approved by the regulator as highly “consequential” for the sector, as well as for meeting government’s... 


Port of Durban
South African business activity stabilises as S&P PMI hits neutral mark
6th May 2025 By: Reuters

South Africa's private sector showed signs of stabilisation in April, emerging from a four-month downturn as sales picked up slightly and supply chains strengthened, a survey showed on Tuesday. The... 


Mashatile proposes war rooms on jobs, poverty, governance
5th May 2025 By: Schalk Burger

Deputy President Paul Mashatile, on April 30, proposed that three “war rooms” on the economy and jobs, on clean governance and on poverty and hunger be established, in line with the three... 


Transformation Fund to support development of small businesses – Mashatile
5th May 2025 By: Schalk Burger

Funding from the newly established Transformation Fund will be allocated to various productive sectors of the economy, including the services industry, tourism and agriculture, among others,... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa announces big increase in gas-to-power load factor to 50%-plus
5th May 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has announced that the load factor for proposed gas-to-power (GtP) plants in South Africa will be increased from 25% to above 50%. Speaking... 


Itac initiates review of renewable energy facility inputs
Itac initiates review of renewable energy facility inputs
2nd May 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses a major tariff review initiated by the International Trade Commission of South Africa for inputs used in solar, wind and battery storage facilities... 


Containers stacked at a port
Losing Agoa access would be more ‘irritating’ than ‘devastating’, economist says
30th April 2025 By: Darren Parker

While losing access to the African Growth and Opportunity Act (Agoa) would certainly harm South Africa’s economy, the impact would be more akin to an “irritation” than a “devastation”, DNA... 


Image of Enoch Godongwana
Take three: Godongwana to re-table Budget on May 21
30th April 2025 By: Thabi Shomolekae

Finance Minister Enoch Godongwana will re-table the 2025 Budget on May 21, noting that in the meantime funding for provinces and municipalities will continue under the 2024 Division of Revenue Act.... 


Trade, Industry and Competition Minister Parks Tau
Tau insists participating in R100bn Transformation Fund will be entirely voluntary
30th April 2025 By: Terence Creamer

Trade, Industry and Competition Minister Parks Tau has again insisted that no new demands will be imposed on business and industry because of the establishment of the R100-billion Transformation... 


Dr Alistair Ruiters
Ramaphosa appoints Dr Alistair Ruiters as investment promotion special adviser
30th April 2025 By: Creamer Media Reporter

President Cyril Ramaphosa has appointed former director-general of the then Department of Trade and Industry, Dr Alistair Ruiters, as special adviser: investment promotion. Ruiters will advise... 


Assistant Minister for Multilateral International and Regional Economic Affairs of Egypt Ragui El-Etreby; UAE Deputy Prime Minister and Minister of Interior and Reem bint Ebrahim Al Hashimy; Russian Foreign Minister Sergei Lavrov; Ethiopian Foreign Minister Gedion Timothewos; Brazilian Foreign Minister Mauro Vieira; Chinese Foreign Minister Wang Yi; Indonesian Foreign Minister Sugiono; South African Minister of International Relations and Cooperation Ronald Lamola; Iranian Deputy Foreign Minister on Economic Diplomacy Seyed Rasoul Mohajer; and Ambassador Dammu Ravi pose for a family picture, on the day of the BRICS Meeting of Ministers of Foreign Affairs in Rio de Janeiro, Brazil.
Growing BRICS group shows internal rifts as ministers fall short of joint statement
30th April 2025 By: Reuters

Foreign ministers from the BRICS group of developing nations failed to agree on a joint communique on Tuesday, highlighting differences within the fast-growing diplomatic bloc, while the chair... 


commodities trading screens
Global commodity prices expected to drop to six-year low by 2026 – World Bank
29th April 2025 By: Darren Parker

Faltering economic growth is coinciding with ample oil supply in ways that are expected to cause a drop in global commodity prices to their lowest level of the 2020s, according to the World Bank’s... 


Review of 82 tariff codes for solar, wind and battery inputs could have far-reaching implications
Review of 82 tariff codes for solar, wind and battery inputs could have far-reaching implications
29th April 2025 By: Terence Creamer

A tariff review by the International Trade Administration Commission of South Africa (Itac) of input materials and components used in wind, solar PV and battery storage facilities could have... 


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