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Macro & Micro

UK funds Energy Council of South Africa study into wholesale electricity market reform
UK funds Energy Council of South Africa study into wholesale electricity market reform
6th March 2025 By: Terence Creamer

The UK has approved £330 000 in funding to facilitate a study by the Energy Council of South Africa into the reforms still needed to implement a wholesale electricity market in South Africa. The... 


A cup of sugar
South African food inflation slowed in January
6th March 2025 By: Rebecca Campbell

South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to simply as food inflation, for short) in January remained, for the eleventh consecutive month, below the... 


Shipping containers at port
South Africa's current account deficit shrinks more than expected
6th March 2025 By: Bloomberg

South Africa’s current account deficit shrank by more than expected in the fourth quarter, aided by an improvement in the trade surplus. The gap on the current account – the broadest measure of... 


President Cyril Ramaphosa
Ramaphosa notes Gauteng’s pivotal role, as he undertakes service delivery oversight engagement
6th March 2025 By: Sashnee Moodley

Following oversight visits to Mpumalanga, KwaZulu-Natal and Limpopo, President Cyril Ramaphosa on Thursday met with the Johannesburg Metro Council, as part of the seventh administration’s priority... 


South Africa confirms US withdrawal of $1.5bn Just Energy Transition Partnership pledge
South Africa confirms US withdrawal of $1.5bn Just Energy Transition Partnership pledge
6th March 2025 By: Terence Creamer

The Presidency has confirmed that it has been formally informed that the US has withdrawn from the Just Energy Transition Partnership (JETP), to which it had initially pledged more than... 


Public Works and Infrastructure Minister Dean Macpherson
DPWI making progress despite challenges, Macpherson says
5th March 2025 By: Darren Parker

Although the Department of Public Works and Infrastructure (DPWI) continues to face numerous challenges, Public Works and Infrastructure Minister Dean Macpherson has noted that there are visible... 


Cape Town moves to open electricity grid to traders after pilot
Cape Town moves to open electricity grid to traders after pilot
5th March 2025 By: Terence Creamer

After the conclusion of a year-long electricity ‘wheeling’ pilot project, the City of Cape Town is opening its electricity grid to private electricity sales and trading. During the pilot phase, 562... 


R40bn Eastern Cape green energy cluster expected to reach financial close in 2027
R40bn Eastern Cape green energy cluster expected to reach financial close in 2027
5th March 2025 By: Terence Creamer

Emerging electricity retail brand Earth & Wire is aiming to achieve financial close on a R40-billion renewables and storage cluster in the Eastern Cape by the third quarter of 2027 and begin... 


IMF MD Kristalina Georgieva
Trade no longer driving growth as in past, IMF’s Georgieva says
5th March 2025 By: Bloomberg

Trade is no longer driving global economic growth to the same extent as in the past and policy changes from the new US administration are triggering responses from other nations, according to... 


The Johannesburg CBD
South Africa's business downturn eases in February, S&P PMI shows
5th March 2025 By: Reuters

Business activity in South Africa continued to weaken in February, but the pace of contraction slowed compared with the start of the year, a survey showed on Wednesday. The S&P Global South Africa... 


Solar panels
International upheavals will affect Africa’s energy development and needs a joint response
4th March 2025 By: Rebecca Campbell

The world, including Africa, is facing a major international political event of “seismic proportions”, South African Electricity and Energy Minister Dr Kgosientsho Ramokgopa highlighted in his... 


Construction Sector Charter Council executive member Gregory Mofokeng
We want more investment but we will not relax BBBEE, Construction Sector Charter Council says
4th March 2025 By: Darren Parker

In response to the World Bank’s recent recommendation that South Africa relax its increasingly stringent and highly prescriptive broad-based black economic empowerment (BBBEE) laws to attract... 


Two-rand coin with South African flag
GDP recovering slowly and unevenly, but ‘it is a start’
4th March 2025 By: Marleny Arnoldi

Statistics South Africa has reported that GDP increased by 0.6% in the fourth quarter of last year, following a contraction of 0.1% in the third quarter. GDP for the full 2024 also grew by 0.6%.... 


A farm in the Eastern Cape
South Africa's GDP grew by 0.6% in the fourth quarter
4th March 2025 By: Creamer Media Reporter

South Africa’s GDP increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of the year. The agriculture, forestry and fishing industry increased by 17.2%,... 


Springs Mall
Consumer boost likely saved South African economy from recession
4th March 2025 By: Bloomberg

South Africa probably avoided a recession last year, saved by strong consumer demand in the fourth quarter as the key mining and manufacturing sectors continued to struggle. “Industry is basically... 


President Cyril Ramaphosa at a previous South Africa Investment Conference
Ramaphosa to make address at Microsoft’s AI investment announcement
3rd March 2025 By: Terence Creamer

President Cyril Ramaphosa will deliver the keynote address at the Microsoft South Africa investment announcement in Johannesburg on March 6. The Presidency said the investment would enhance South... 


ANC economic transformation committee head Zuko Godlimpi
ANC appoints new economic policy chief
3rd March 2025 By: Bloomberg

The African National Congress has appointed Zuko Godlimpi as head of its economic transformation committee in an overhaul of its internal structures. The youngest member of the ANC’s top... 


BLSA CEO Busisiwe Mavuso
Dichotomy between G20 diplomacy opportunities and strained geopolitical relations
3rd March 2025 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has noted the dichotomy between the prestige that comes with South Africa hosting the Group of 20 (G20) summit in 2025 and the... 


AfCFTA Secretariat secretary-general Wamkele Mene
If South Africa is expelled from Agoa, it should look to Chinese, African markets, Mene says
28th February 2025 By: Darren Parker

South Africa’s expected expulsion from the African Growth and Opportunity Act (Agoa) need not be a death sentence to the country’s export prospects, African Continental Free Trade Area (AfCFTA)... 


World Bank senior MD Axel van Trotsenburg
New World Bank report proposes four priorities for accelerating South Africa’s growth
28th February 2025 By: Terence Creamer

A new World Bank report argues that South Africa can raise growth and employment by pursuing four priorities aimed primarily at stimulating market competition and bolstering the efficiency of... 


AMSA to proceed with closure of longs unit after talks with govt fail to yield solution
AMSA to proceed with closure of longs unit after talks with govt fail to yield solution
28th February 2025 By: Terence Creamer

Steel group ArcelorMittal South Africa (AMSA) has confirmed that it will proceed with the wind down of its longs business after talks with government failed to yield the “timely solutions required”... 


Delegate walking in front of G20 signage
G20 finance meeting ends without consensus or communique
28th February 2025 By: Reuters

South Africa voiced dismay on Thursday that Group of 20 talks it hosted on global economic issues ended without consensus, after top officials from several countries skipped it and delegates... 


Metals and engineering industry taking strain
Metals and engineering industry taking strain
28th February 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the challenges facing the South African metals and engineering sector, as highlighted in a new report by the Steel and Engineering Industries... 


An image of Johann Viljoen
Equipment selection key to project efficiency
28th February 2025

Selecting the correct excavator hammers can enhance operational efficiency within demolition, construction and mining projects, says construction equipment distributor Develon SA, adding that its... 


KfW approves R2.8bn Just Energy Transition Partnership concessional loan for Cape Town
KfW approves R2.8bn Just Energy Transition Partnership concessional loan for Cape Town
27th February 2025 By: Terence Creamer

German development bank KfW has approved a R2.8-billion concessional loan for the City of Cape Town, which will use the funding to strengthen its electricity infrastructure and integrate... 


Seifsa COO Tafadzwa Chibanguza
Frail cyclical metals and engineering trends may ‘turn structural’ unless domestic demand revives
27th February 2025 By: Terence Creamer

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is warning that absent a sustained recovery in domestic demand there is a risk that South Africa’s persistently weak... 


Proposed rapid rail extensions
Gauteng invites public comment on proposed rapid rail extensions that feature Soweto, Cosmo City
27th February 2025 By: Darren Parker

Members of the public have been invited to review and submit written comments on proposed route extensions detailed in the ‘Draft Route Determination Report for the Soweto Extension and Cosmo City... 


President Cyril Ramaphosa
South Africa seeks ‘meaningful deal’ with US amid strained ties
27th February 2025 By: Bloomberg

South Africa wants to reach a broad-ranging agreement with the US on diplomacy and trade amid strained ties between the two nations, President Cyril Ramaphosa said. A dispute over Pretoria’s land... 


James Mackay
Opinion: If reforms and investment are not accelerated, South Africa risks a renewed electricity crisis by 2028
26th February 2025

In this opinion article, Energy Council of South Africa CEO James Mackay argues that the recent shock return of Stage 6 loadshedding does not signal a return to the dark days of 2023. However, he... 


Solar PV plant
Investment value of private projects registered with Nersa climbs to above R200bn
26th February 2025 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) reports that it registered a further 143 renewables generation facilities with a combined capacity of 1 107 MW and an investment value of more... 


G20 signage and country flags at the CTICC
Absences and disputes mar G20 finance chiefs' talks
26th February 2025 By: Reuters

A number of finance ministers skipped a gathering of the Group of 20 top economies in South Africa on Wednesday, and other top officials curtailed trips to a meeting marred by disputes over the... 


consumer
South Africa's inflation rises less than expected in January
26th February 2025 By: Reuters

South African inflation edged up in January in the first release since the statistics agency updated its consumer price basket, but the headline rate remains near the bottom of the central bank's... 


President Cyril Ramaphosa
Erosion of multilateralism a threat to global growth, stability – Ramaphosa
26th February 2025 By: Sashnee Moodley

“At this time of global uncertainty and escalating tension, it is now more important than ever that the members of the G20 work together.” This was the message President Cyril Ramaphosa had on... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
G20 energy work group set to meet amid divergence over just energy transition
25th February 2025 By: Terence Creamer

The G20 Energy Transition Work Group will have its inaugural meeting this week to discuss the energy priorities that South Africa is seeking to place on the international agenda during its G20... 


Reserve Bank Governor Lesetja Kganyago
Reserve Bank governor says trade and tax policies pose inflation risks
25th February 2025 By: Reuters

Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday. Speaking on the... 


Finance Minister Enoch Godongwana
South Africa moots wealth tax in Budget discussions – Reports
25th February 2025 By: Bloomberg

South African cabinet considered a proposal to introduce a wealth tax when it discussed amendments to last week’s postponed budget, Business Day reported, citing officials it didn’t identify. The... 


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