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Macro & Micro

An image of Innomotics Country CEO Tim Walwyn
Southern Africa always a key market – firm
24th May 2024 By: Lumkile Nkomfe

With the trusted legacy of more than 150 years of Siemens engineering expertise, Innomotics is the backbone of reliable motion for industries and infrastructure worldwide. Amid the increased... 


Stefanutti CEO Russell Crawford
Things looking up for Stefanutti following y/y uptick in profits, contract revenue
23rd May 2024 By: Darren Parker

JSE-listed multidisciplinary construction group Stefanutti Stocks has reported an improvement in contract revenue to R7.1-billion for the 12 months ended February 29, up from R6.1-billion in the... 


Empowering women in energy the intelligent thing to do, says DMRE official
23rd May 2024 By: Rebecca Campbell

The Department of Mineral Resources and Energy (DMRE) had been running a five-year Energy Sector Women Empowerment Strategy since 2021, pointed out DMRE deputy director-general Hilda Mhlongo on... 


gas pipelines
Gas still has a crucial role to play in South Africa’s energy mix – Kearney
23rd May 2024 By: Darren Parker

Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for... 


An EU flag
South Africa considers complaining to WTO against EU carbon border tax
22nd May 2024 By: Reuters

South Africa is considering lodging a formal complaint at the World Trade Organization against the European Union's "protectionist" carbon border levy, Trade Minister Ebrahim Patel said on... 


Eskom’s has applied for permission to reserve scarce grid capacity for IPPs participating in public procurement bidding rounds
Presidency insists 22.5 GW private IPP pipeline won’t be disrupted by Eskom move to reserve grid for public projects
22nd May 2024 By: Terence Creamer

The Presidency does not anticipate that Eskom’s move to reserve scarce grid capacity for independent power producers (IPPs) participating in public procurement bidding rounds will disrupt the more... 


UN agency has launched a report on green business and financing in Africa
22nd May 2024 By: Rebecca Campbell

Africa has major opportunities for green economic development and could become a world-leader in it, UN Development Programme (UNDP) Regional Service Centre for Africa director Dr Matthias Naab... 


Photo of the Johannesburg skyline
South Africa refiles work-permit changes to create nomad visa
22nd May 2024 By: Bloomberg

South Africa’s Department of Home Affairs refiled long-awaited changes to its work-permit regime to allow for the creation of a so-called nomad visa for remote workers. The May 20 gazetting of the... 


Summit emphasises imperativeness of supporting SMMEs
21st May 2024 By: Tasneem Bulbulia

Small, medium-sized and microenterprises (SMMEs) in the country are grappling with various challenges, including a lack of coordination between the public and private sectors, insufficient... 


The JSE logo on a class door
Eswatini govt issues new R4bn bond programme on South Africa's JSE
21st May 2024 By: Creamer Media Reporter

The Eswatini government has, through Absa Bank, recently issued a R4-billion bond programme on the JSE's debt board. This new issuance is the latest bond to list under the Protea Bonds segment,... 


Haul trucks in operation at a West African mine
Use resources to diversify African economies, unlock sustainable growth
21st May 2024 By: Schalk Burger

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 


Hand holding a stack of ZiG10 banknotes
Zimbabwe asks miners to ramp up gold output to support ZiG currency
21st May 2024 By: Bloomberg

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new... 


Vumacam
Vumacam surveillance tech yields 10% boost in crime interceptions, arrests in Gauteng
20th May 2024 By: Darren Parker

The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which... 


steers burger and chips
Famous Brands reports bump in revenue, while profits decline for 2024 financial year
20th May 2024 By: Darren Parker

Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a... 


Apollo Africa MD Jenna Harris
Energy trader reports strong market demand for green electricity from 210 MW Hendrina Wind Farm
20th May 2024 By: Terence Creamer

Newly formed electricity trader Apollo Africa reports that it is experiencing strong demand from potential customers for the renewable electricity that will be produced from the grid-ready 210 MW... 


President Cyril Ramaphosa may sign ERA Bill ahead of the elections
Eyes turn to Union Buildings after NCOP approves Electricity Regulation Amendment Bill
16th May 2024 By: Terence Creamer

The National Council of Provinces (NCOP) has approved the Electricity Regulation Amendment (ERA) Bill, which has far-reaching implications for the future structure and operation of an electricity... 


Threats of legal action after Ramaphosa signs NHI into law
Threats of legal action after Ramaphosa signs NHI into law
16th May 2024 By: Thabi Shomolekae

Civil society organisations and political parties are threatening legal action following Wednesday’s controversial signing of the National Health Insurance Bill. President Cyril Ramaphosa, who... 


Prescient supports Reatile’s acquisition of stake in 240 MW solar project
16th May 2024 By: Creamer Media Reporter

Prescient Investment Management has approved R324-million in equity finance to support black-owned investment company Reatile acquire a 31.5% stake in a 240 MW Free State solar PV project. The... 


President Cyril Ramaphosa signing the controversial NHI Bill into law at a Union Buildings ceremony
Ramaphosa acknowledges fear over NHI but describes signing as ‘pivotal moment’
15th May 2024 By: Terence Creamer

President Cyril Ramaphosa acknowledged the fear that his signing of the National Health Insurance (NHI) Bill into law had generated in and address during a signing ceremony held at the Union... 


Persistent corruption concerns reflect letdowns during sixth administration – Corruption Watch
15th May 2024 By: Marleny Arnoldi

Nonprofit monitoring organisation Corruption Watch (CW) has confirmed in its latest report that there are significant concerns about the impact of corruption in the country, particularly a marked... 


Maize crops affected by drought
Plunging currencies, El Niño to delay rate cuts in African economies
15th May 2024 By: Bloomberg

Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and shallower interest-rate cuts for African central... 


Equites CEO Andrea Taverna-Turisan
Equites reports sustained growth in rentals market
14th May 2024 By: Darren Parker

Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for... 


surgeon at work
Organisations call ‘rushed’ NHI Bill an electioneering ploy
14th May 2024 By: Marleny Arnoldi

Business Leadership South Africa (BLSA) has again expressed concern about the National Health Insurance (NHI) Bill on the eve of its planned promulgation by President Cyril Ramaphosa’s. Signing the... 


Many households in informal settlements remain unelectrified
Salga energy head calls for post-election review of free basic electricity scheme
14th May 2024 By: Terence Creamer

The head of energy at the South African Local Government Association (Salga) has called for a review of both the size of the free basic electricity (FBE) allocation as well as the way the grant is... 


Job seekers waiting for casual work next to a road in Johannesburg
Unemployment rate worsens to 32.9%
14th May 2024 By: Marleny Arnoldi

South Africa’s official unemployment rate has widened by 0.8 of a percentage point to 32.9% in the first quarter of the year, compared with 32.1% in the fourth quarter of last year. The number of... 


Trade, Industry and Competition Minister Ebrahim Patel
dtic seeks to create a competitive medical technology industry with new master plan
14th May 2024 By: Creamer Media Reporter

Trade, Industry and Competition Minister Ebrahim Patel has launched the Medical Technology (MedTech) Master Plan, which is aimed at creating a proficient and competitive medical technology industry... 


Image of Cyril Ramaphosa
Concerns heighten as Ramaphosa readies to sign NHI Bill into law
14th May 2024 By: Thabi Shomolekae

Business and political parties have expressed disappointment with President Cyril Ramphosa’s announcement that he will, on Wednesday, sign into law the controversial National Health Insurance Bill.... 


Battery storage
Deadline for latest battery procurement also extended as IPPs adjust to Eskom’s new grid access rules
9th May 2024 By: Terence Creamer

The deadline for South Africa’s recently launched third battery energy storage bidding round, or bid window three (BW3), has been extended by three months to October 31, following a recent deadline... 


pylon at sunset
Genuine progress, not electioneering, behind the easing of loadshedding, council says
9th May 2024 By: Darren Parker

The current loadshedding reprieve is not a result of excessive diesel burning to pacify voters but rather a consequence of government and business coming together to made headway in solving South... 


April transactions index increase welcome, but investors wait and see
8th May 2024 By: Schalk Burger

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) increased by 0.6% month-on-month in April to reach an index level of 134.2, which is the highest level... 


An image of JSE chairperson Phuthuma Nhleko
JSE undertaking measures to mitigate de-listing, shrinkage
8th May 2024 By: Tasneem Bulbulia

The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News... 


Eskom coal fired station
South Africa to provide new coal-plant closure timeline to secure secure $2.6bn
8th May 2024 By: Bloomberg

South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an agency in President Cyril Ramaphosa’s office said.... 


Spar CEO Angelo Swartz
Spar Group to list on A2X
8th May 2024 By: Creamer Media Reporter

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and... 


Zimbabwe aims to use FDI to develop a competitive economy by 2030
7th May 2024 By: Schalk Burger

Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments... 


Trade, Industry and Competition Minister Ebrahim Patel
Patel believes industrial policy needs continued investment to yield full potential
7th May 2024 By: Darren Parker

Trade, Industry and Competition Minister Ebrahim Patel has called for rapid scaling up of infrastructure spending, among other urgent initiatives, to ensure current industrial policy can succeed.... 


From left to right are Schwarz Unternehmenskommunikation corporate responsibility VP Florian Schütze, Siemens managing board member and Siemens Smart Infrastructure CEO Matthias Rebellius, Mercedes-Benz planning VP Arno van der Merwe and moderator Chris Brow in discussion at the Hannover Messe 2024 expo.
Decarbonising industrial operations requires concerted effort
7th May 2024 By: Bridget Lepere

Decarbonisation requires comprehensive and multifaceted approaches and standardised processes across various industries. It should involve mobilising an organisation, managing information flow,... 


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Magazine round up | 13 September 2024
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