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Macro & Micro

Hand holding a US flag
Rupert says extension of US pact vital for South Africa
29th November 2024 By: Bloomberg

Johann Rupert, chairperson and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from the continent duty-free access to the world’s... 


An image of Sam Leyde
Firm lauds government’s reducing hurdles for less sensitive projects
29th November 2024

Global consultancy SRK Consulting lauds the significant efforts aimed at reducing the environmental hurdles for lower sensitivity renewable-energy projects. In a move to support the development of... 


South African National Energy Development Institute CEO Dr Titus Mathe
Updated IRP report to be released ahead of Cabinet approval, Mathe confirms
28th November 2024 By: Terence Creamer

South African National Energy Development Institute CEO Dr Titus Mathe has confirmed that a report containing a remodelled Integrated Resource Plan for 2024 (IRP2024) and incorporating stakeholder... 


M&R appoints interim chairperson as Kana steps down
28th November 2024 By: Creamer Media Reporter

JSE-listed Murray & Roberts (M&R) says chairperson Suresh Kana and director Jesmane Boggenpoel have resigned from the board with effect from November 30 and November 15, respectively. Clifford... 


Komati power station smoke stacks
Eskom, Indian power utility sign knowledge exchange MoU
28th November 2024 By: Darren Parker

Indian power generation company NTPC has signed a memorandum of understanding (MoU) with South African State-owned utility Eskom to exchange knowledge and collaborate on research and development... 


Police dispersing protestors
Unrest blocks Mozambique’s South African border for a second day
28th November 2024 By: Bloomberg

Mozambique’s main border crossing with South Africa was blocked for a second day on Thursday due to political unrest, the highway concessionaire said. Renewed demonstrations after last month’s... 


Staff and customer at a Boxer store
Boxer rises on debut after South Africa’s biggest IPO since 2017
28th November 2024 By: Bloomberg

Boxer Retail surged in its Johannesburg debut following South Africa’s biggest initial public offering since 2017. The stock gained 17% to R63.01 at 9:07 a.m. local time, up from the IPO price of... 


Takealot boosts logistics with new distribution centre in South Africa's Durban
28th November 2024 By: Reuters

Takealot, South Africa's biggest pure-play online retailer, on Wednesday opened its third distribution centre in the coastal province of KwaZulu-Natal, as it seeks to offer faster deliveries in the... 


Televisions on display at the Tevolution Museum
Hisense opens television museum in Cape Town
27th November 2024 By: Schalk Burger

Electronics manufacturer Hisense has opened a museum of television, the Tevolution Museum, in Cape Town. In partnership with the Western Cape Department of Cultural Affairs and Sport and the South... 


IMF logo
IMF urges South Africa to prioritise ongoing electricity and logistics reform to enhance growth prospects
27th November 2024 By: Terence Creamer

The International Monetary Fund (IMF) has again urged South Africa to implement its economic reforms “ambitiously”, while arguing for priority to be given to reforms in the electricity and... 


Containers at a port
Outlook for South Africa's trade, investment in 2025 mixed – PwC
27th November 2024 By: Schalk Burger

South Africa’s largest sources of foreign investment, including the US, the UK and Germany, are entering 2025 with mixed fortunes. With great uncertainty about the US economy in 2025, the economic... 


An employee working in a grocery store
South African food inflation falls again in October
27th November 2024 By: Rebecca Campbell

Food and non-alcoholic beverage (NAB) inflation (henceforth to be referred to just as food inflation) in South Africa fell again in October, the Bureau for Food and Agricultural Policy (BFAP) think... 


Gateway Mall
Goldman’s upbeat South African inflation call outdoes Central Bank view
27th November 2024 By: Bloomberg

Goldman Sachs is making a contrarian case for a steep slowdown in South Africa inflation next year, setting itself apart from other observers and the country’s central bank. “We think inflation... 


Wind features strongly in revised IRP
DMRE to push for Cabinet approval of new-look IRP by end-March despite big revisions
26th November 2024 By: Terence Creamer

The Department of Mineral Resources and Energy (DMRE) has reiterated its aim of securing Cabinet approval for a new Integrated Resource Plan (IRP) for electricity by the end of March after... 


Frasers acquires Holdsport from Old Mutual Private Equity
26th November 2024 By: Schalk Burger

UK-based retail and sports equipment company Frasers Group has concluded a deal to acquire South African sporting, outdoor and recreation goods company Holdsport Group from private equity... 


Challenges, but also opportunities, abound to grow sustainable township businesses
26th November 2024 By: Schalk Burger

A better understanding of the scale, challenges and business models of businesses in township economies can help to create better financing and policy support that will help township businesses to... 


Sugarcane farm
Nedbank, Agbiz optimistic about agriculture sector’s growth in 2025
26th November 2024 By: Marleny Arnoldi

After starting the year with an El-Niño-induced drought that negatively impacted on summer crops, high interest rates, animal disease woes and the persistent logistical crisis, sentiment in the... 


Stefanutti Stocks sign over construction site
Stefanutti remains commercially solvent but says its future is uncertain
26th November 2024 By: Darren Parker

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total... 


Protestors hold placards in opposition to State capture and corruption.
South Africa needs a single body to fight corruption, OECD says
26th November 2024 By: Bloomberg

South Africa should set up a single agency to fight graft, according to the Organisation for Economic Cooperation and Development (OECD), which led a review of the nation’s procurement practices.... 


Cisco to roll out eighth EDGE Centre in Johannesburg to empower SMMEs
25th November 2024 By: Schalk Burger

Networking and security technology company Cisco, in collaboration with business incubation hub Forge X, will launch a new Cisco EDGE Centre in Johannesburg to stimulate innovation and support... 


South African Reserve Bank Governor Lesetja Kganyago
South Africa’s cagey central bank to cut rates sparingly in 2025
22nd November 2024 By: Bloomberg

South African Reserve Bank Governor Lesetja Kganyago’s repeated emphasis of uncertainty is expected to translate, at most, into only a handful of additional interest-rate cuts next year. The... 


South African Reserve Bank Governor Lesetja Kganyago
Reserve Bank trims key rate by 25 basis points, stresses tough backdrop
21st November 2024 By: Reuters

South Africa's central bank opted for another small cut to its main interest rate on Thursday, stressing the global economic backdrop was tough and the outlook highly uncertain despite domestic... 


Image of Thembi Simelane
Govt declares foodborne illnesses a national disaster
21st November 2024 By: Thabi Shomolekae

South Africa’s National Disaster Management Centre has declared foodborne illnesses a national disaster, in response to countrywide sicknesses and deaths, particularly of children, in recent weeks.... 


Trade, Industry and Competition Minister Parks Tau
EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says
20th November 2024 By: Darren Parker

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the... 


Tiger Brands to sell Baby Wellbeing business, excluding Purity
20th November 2024 By: Reuters

South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset.... 


CDE executive director Ann Bernstein
Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024 By: Darren Parker

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 


SANEDI CEO Dr Titus Mathe
Remodelled draft IRP to be unveiled next week for limited public consultation
20th November 2024 By: Terence Creamer

A remodelled Integrated Resource Plan (IRP) for electricity will be released to the public next week and is expected to deviate materially from the heavily criticised draft IRP2023, which was... 


South African business mood brightens to best level since March 2022
20th November 2024 By: Bloomberg

South African business sentiment rose its highest level since the first quarter of 2022, as constant electricity supply and political stability supported better business conditions. A quarterly... 


major road interchange
Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius
20th November 2024 By: Darren Parker

According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road... 


Consumers
South African inflation drops to lowest since June 2020
20th November 2024 By: Reuters

South Africa's annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday, setting the stage for another interest rate cut by the central bank this week. Statistics South... 


President Cyril Ramaphosa
South Africa will focus G20 presidency on inclusive growth, food security
20th November 2024 By: Reuters

South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday at a summit of the... 


A group photo taken at the signing ceremony attended by Electricity and Energy Minister Dr Kgosientsho Ramokgopa, seated at centre
Two more battery projects achieve financial close, next set of bidders to be announced within weeks
19th November 2024 By: Terence Creamer

Two more battery storage projects selected as preferred bids under South Africa’s first public procurement bid window (BW1) for the technology have achieved commercial close. The projects have a... 


An office block with the Sars logo
South African pension withdrawals since reform up to R35.1bn
19th November 2024 By: Reuters

South Africa's tax service said on Tuesday that pension withdrawals in the 11 weeks since a reform took effect allowing people to make partial withdrawals before retirement had risen to... 


South Africa Reserve Bank logo
Africa Central Banks seen cutting while they can after Trump win
19th November 2024 By: Bloomberg

Most African central banks weighing interest rates over the next three weeks are set to lower them, wary that the window to ease further may narrow after Donald Trump becomes US president. Of the... 


Open Mic
Affordability and Eskom inefficiencies come under scrutiny as Nersa hearings kick off
18th November 2024 By: Terence Creamer

The issues of electricity affordability and Eskom’s inefficiencies emerged as recurring themes as the National Energy Regulator of South Africa (Nersa) kicked off nationwide public hearings in Cape... 


African, Japanese institutions sign MoU to accelerate energy investment in the continent
18th November 2024 By: Rebecca Campbell

The Africa Finance Corporation (AFC) has signed a memorandum of understanding (MoU) with the Japan Institute for Overseas Investment (JOI), aimed at scaling up investment flows into Africa. The AFC... 


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