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Macro & Micro

Public Works and Infrastructure Deputy Minister Sihle Zikalala
Zikalala welcomes signing of Expropriation Bill into law by Ramaphosa
24th January 2025 By: Darren Parker

Public Works and Infrastructure Deputy Minister Sihle Zikalala has welcomed the signing into law of the Expropriation Bill by President Cyril Ramaphosa. The legislation, signed into law on January... 


US withdrawal from Paris Agreement damaging to multilateralism, international law – Dion George
23rd January 2025 By: Thabi Shomolekae

Minister of Forestry, Fisheries and the Environment Dr Dion George said the US’s decision to withdraw from the Paris Agreement is not only an abdication of a global responsibility to humankind, but... 


Aluminium scrap metal
Security guards foil robbery attempt at Public Works House
23rd January 2025 By: Darren Parker

Security personnel stationed at the Department of Public Works and Infrastructure’s (DPWI’s) Public Works House, in the central business district (CBD) of Pretoria, foiled efforts on the eve of... 


sasol secunda
Sasol keeps its footing despite a challenging six months
23rd January 2025 By: Darren Parker

Despite challenging circumstances during the six months ended December 31, energy and chemicals company Sasol has stated that its market guidance for both its Mining and Gas divisions remains... 


Flags on display at the WEF annual meetings in Davos
One by one, world leaders in Davos fall in line in Trump era
23rd January 2025 By: Bloomberg

He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what everyone wants to talk about in Davos. Fans like... 


SARB logo
Reserve Bank to cut rates by 25 bps Jan 30 to 7.50% – poll
23rd January 2025 By: Reuters

The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that in March, but then delay its final 25 basis point cut of the cycle to... 


President Cyril Ramaphosa
South Africa not worried about relationship with US under Trump, Ramaphosa says
23rd January 2025 By: Reuters

President Cyril Ramaphosa said on Wednesday that he was not worried about the country's relationship with the US under President Donald Trump. Ramaphosa said he spoke to Trump after his US election... 


World Economic Forum sign
Thirteen new clusters join WEF initiative for reduced carbon emissions, economic growth
22nd January 2025 By: Marleny Arnoldi

Thirteen new industrial clusters, from Australia, Brazil, Colombia, India, the Netherlands, Saudi Arabia, Sweden, Thailand and the UK have joined the World Economic Forum’s (WEF’s) Transitioning... 


world economic forum logo
WEF calls for ‘constructive optimism’ amid global tensions
22nd January 2025 By: Darren Parker

Addressing a gathering of global leaders on January 21, World Economic Forum (WEF) founder and chairperson Klaus Schwab called on the global community to embrace "constructive optimism", urging... 


PwC Africa CEO Dion Shango
More optimistic CEOs drive tech adoption, employment globally
22nd January 2025 By: Marleny Arnoldi

Nearly 60% of CEOs expect global growth to increase over the next 12 months, which indicates a more positive outlook compared with 38% of CEOs having expected growth this time last year, and 18% of... 


Steel manufacturing in South Africa
Steel mogul Mittal, South African ministers meet on mill closures
22nd January 2025 By: Bloomberg

Indian steelmaking tycoon Lakshmi Mittal met with South African ministers in Davos this week as the country seeks to head off the planned closure of steel mills that are crucial to the local... 


Consumer
South Africa inflation rises less than expected in December
22nd January 2025 By: Reuters

South Africa's inflation rate rose for the second month in a row in December but by less than expected, with analysts saying the central bank was still likely to deliver another interest rate cut... 


rolled up Australian dollars
Unctad says mixed foreign direct investment activity in 2024 shows shifting dynamics
22nd January 2025 By: Marleny Arnoldi

Foreign direct investment (FDI) globally grew by 11% to $1.4-trillion last year, but contracted by 8% when excluding flows through European conduit economies. United Nations Conference on Trade... 


Reserve Bank Governor Lesetja Kganyago
South African growth outlook has improved but inflation risks abound, central bank says at Davos
21st January 2025 By: Reuters

South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday. South African Reserve Bank... 


Deputy President Paul Mashatile
SA’s economic growth not at optimum levels – Paul Mashatile
21st January 2025 By: Thabi Shomolekae

Deputy President Paul Mashatile noted changes in the country’s economic patterns, but acknowledged that the pace of South Africa’s economic growth and development is protracted and not at its... 


Mulilo CEO Jan Fourie
Mulilo gears up for big year of execution as it accelerates transition to integrated IPP
21st January 2025 By: Terence Creamer

With several new renewables and battery storage projects under construction or being advanced to financial close, 2025 is poised to be a significant year in Mulilo’s ongoing transition from an... 


Reserve Bank Governor Lesetja Kganyago
South Africa’s Kganyago warns US policies may slow disinflation
21st January 2025 By: Bloomberg

South African central bank Governor Lesetja Kganyago warned that US protectionist policies may derail future interest-rate cuts by central banks if they turn out to be inflationary, though there... 


AMSA CEO Kobus Verster
Steel cuts threaten South Africa’s $257bn building drive
21st January 2025 By: Bloomberg

Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257-billion... 


Global gas markets set to remain tight in 2025 – IEA
Global gas markets set to remain tight in 2025 – IEA
21st January 2025 By: Terence Creamer

Global natural gas markets reached an all-time high last year and are set to remain tight in 2025 despite an ongoing rebalancing following the supply shock of 2022/23, the International Energy... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa to showcase South Africa’s energy investment prospects at Davos
20th January 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that South Africa’s energy market reforms and investment opportunities will be showcased at the World Economic Forum in Davos,... 


Finance Minister Enoch Godongwana
South Africa's focus on reforms not ratings, minister says at Davos
20th January 2025 By: Reuters

South Africa is focusing on implementing growth-enhancing reforms not regaining its investment-grade credit rating, which could take two years or more, its finance minister said on Monday. The... 


Southern African countries urged to collaborate to improve environmental action
20th January 2025 By: Schalk Burger

Forestry, Fisheries and the Environment Deputy Minister Narend Singh has noted the critical need for collaboration among countries in the Southern African region to address pressing environmental... 


Business-govt partnership commits to 3% growth, more jobs for the youth
20th January 2025 By: Schalk Burger

The second phase of the partnership between government and business aims to deliver economic growth of 3% by the end of the year, which business partners and President Cyril Ramaphosa and a senior... 


Kwezi Tiya
Coega Development Corporation formally parts ways with suspended CEO
20th January 2025 By: Marleny Arnoldi

Following a thorough internal review and disciplinary process, the Coega Development Corporation (CDC) has decided to dismiss its suspended CEO Kwezi Tiya effective December 19. The CDC says Tiya... 


Image of Cyril Ramaphosa
Partnership between govt, business unblocking impediments to inclusive growth – Ramaphosa
20th January 2025 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that government has reaffirmed its commitment to working with all social partners in pursuit of inclusive growth that benefits all South Africans and... 


Prosper Africa, Afreximbank partner to boost Africa-US trade
17th January 2025 By: Schalk Burger

US Agency for International Development private sector programme Prosper Africa and trade financing company African Export-Import Bank (Afreximbank) have signed a new memorandum of understanding... 


Government-business partnership recommits to growing economy
17th January 2025 By: Schalk Burger

President Cyril Ramaphosa, on January 16, met with Ministers and senior business leaders to reaffirm the government-business partnership’s commitment to achieving the shared ambition of... 


DRC flag with money
World Bank says developing economies face toughest growth conditions since 2000
17th January 2025 By: Marleny Arnoldi

The World Bank’s latest ‘Global Economic Prospects’ report states that developing economies are projected to finish the first quarter with the weakest long-term growth outlook since 2000. Even as... 


SACP threatens ‘militant action’ against AMSA closure
SACP threatens ‘militant action’ against AMSA closure
17th January 2025 By: Thabi Shomolekae

The South African Communist Party (SACP) stated on Friday that aside from urgently stopping the closure of ArcelorMittal South Africa’s (AMSA’s) domestic steel mills and rail-fabrication plant,... 


Debswana's Jwaneng mine
Botswana expects 2025 economic growth rebound on better diamond market
17th January 2025 By: Reuters

 Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated... 


An Amazon branded banner and boxes
Amazon opens Cape Town walk-in centre as it strives for market-share
17th January 2025 By: Reuters

US e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also... 


B20 co-chairperson Nonkululeko Nyembezi
B20 South Africa delegation to emphasise collaboration to tackle global challenges at WEF meeting
16th January 2025 By: Schalk Burger

A delegation from B20 South Africa will attend the upcoming World Economic Forum (WEF) annual meeting, in Davos, Switzerland, led by B20 South Africa Sherpa Cas Coovadia, along with co-chairpersons... 


Lifetime extensions, as are being pursued at Koeberg's two units, are under way in several countries
IEA report points to revival in nuclear interest
16th January 2025 By: Terence Creamer

A new International Energy Agency (IEA) report argues that nuclear capacity could double to 870 GW by 2050 in light of renewed interest in the building of new nuclear plants, including small... 


Trade Minister Parks Tau
South Africa sees talks averting ArcelorMittal plant closures
16th January 2025 By: Bloomberg

South African officials are working to prevent the closure of some steel mills operated by the local unit of ArcelorMittal SA this month, Trade Minister Parks Tau said, adding he is hopeful about... 


US flag
US will likely be star performer amid world economic woes
16th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Chief Economists Outlook’ report that only 17% of economists foresee an improvement in the global economy this year, with 56% of respondents... 


Finance Minister Enoch Godongwana
Godongwana notes importance of collaboration as South Africa seeks international support at WEF
16th January 2025 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has emphasised the importance of collaboration between business and government as South Africa has an opportunity to highlight its strengths on the global stage.... 


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