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Macro & Micro

National Treasury welcomes signing of Pension Funds Amendment Act into law
30th July 2024 By: Darren Parker

National Treasury has voiced its approval of the Pension Funds Amendment Act being signed into law by the President Cyril Ramaphosa last week. This signals the last part of the significant... 


Substation and wind turbines
Grid rules should favour shovel-ready projects whether public or private – Minister
29th July 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa indicates that he is in favour of grid-access rules that ensure as much new capacity is added as quickly as possible regardless of whether... 


UN preparatory meeting proposes calls for reform of international financial architecture
29th July 2024 By: Schalk Burger

Finance and foreign ministers called for radical action to reform the international financial architecture, empower developing countries in international institutions and channel trillions of... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
IRP2023 comments to be workshopped to ensure ‘credible’ outcome
29th July 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has committed not to dismiss the more than 4 000 public comments received in response to the draft Integrated Resource Plan 2023 (IRP2023),... 


Power lines over an informal settlement
Ramokgopa announces electricity tariff review amid affordability ‘crisis’ for poor households
29th July 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that a review of South Africa’s electricity pricing policy will be launched with the aim of addressing a rising affordability... 


President Cyril Ramaphosa
We are fixing the problems and making public procurement more effective – Ramaphosa
29th July 2024 By: Sashnee Moodley

With the passing of the Public Procurement Act into law last week, President Cyril Ramaphosa is confident that the State will now get the best value from public procurement. The Act aims to create... 


CSIR, department partner to improve govt service delivery
26th July 2024 By: Schalk Burger

The Council for Scientific and Industrial Research (CSIR) and the Department of Cooperative Governance (DCoG) have formed a strategic partnership that will leverage the CSIR’s resources, research... 


Agriculture Minister John Steenhuisen
Steenhuisen urges G20 members to collaborate on policies alleviating food insecurity
26th July 2024 By: Marleny Arnoldi

In addressing delegates of a ministerial meeting of the Group of Twenty (G20) Task Force, in Brazil, this week on behalf of South Africa, newly elected Agriculture Minister John Steenhuisen... 


trucks in a queue
Nearly three-quarters of investors unsatisfied with quality of ESG reporting
25th July 2024 By: Darren Parker

Law firm EY research has revealed that about 73% of investors say that companies largely fail to create enhanced reports encompassing environmental, social and governance (ESG) and financial... 


BLSA CEO Busisiwe Mavuso
South Africa revival needs reform jumpstart, business lobby says
25th July 2024 By: Bloomberg

South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to attract investment and boost lagging growth,... 


Coal station
South Africa’s 2030 decarbonisation target at risk, climate commission warns
25th July 2024 By: Terence Creamer

The Presidential Climate Commission (PCC) is cautioning that South Africa may miss its 2030 decarbonisation target in light of a decision to further delay the decommissioning of three aged coal... 


SBI CEO John Dludlu
GNU could provide new opportunities for SMME growth
25th July 2024 By: Sabrina Jardim

South Africa’s recently formed Government of National Unity (GNU) is expected to introduce new ideas into government, which could, subsequently, benefit small-, medium-sized and microenterprises... 


Image of Ann Bernstein
GNU’s current fiscal strategy must be strengthened, CDE advises
25th July 2024 By: Thabi Shomolekae

Policy think tank the Center for Development and Enterprise on Thursday urged the Government of National Unity to refrain from making any new unaffordable spending commitments, including unbudgeted... 


Containers on a ship at the Durban Container Terminal
Standard Bank highlights economic development prospects of Agoa
24th July 2024 By: Schalk Burger

At the African Growth and Opportunity Act (Agoa) Private Sector Forum in Washington DC, in the US, financial services firm Standard Bank Corporate and Investment Banking client coverage head Anne... 


consumers
South African inflation slows as food and transport costs cool
24th July 2024 By: Bloomberg

South Africa’s inflation rate slowed slightly in June, touching a six-month low and potentially encouraging the central bank to consider cutting interest rates later this year. Consumer prices rose... 


Krutham executive chairperson Dr Stuart Theobald
Africa Impact Investment Awards recognise the power of catalytic capital
23rd July 2024 By: Schalk Burger

The 2024 Africa Impact Investment Awards, held in Nairobi, Kenya, celebrated the contributions made to the burgeoning impact investment sector across Africa by showcasing exemplary achievements in... 


President Cyril Ramaphosa
Ramaphosa signs legislation establishing single public procurement framework
23rd July 2024 By: Terence Creamer

President Cyril Ramaphosa has signed the Public Procurement Bill, which aims to create a single framework for the procurement of goods and services by all organs of state in a manner that... 


WTO director-general Ngozi Okonjo-Iweala
WTO members push to expedite an Okonjo-Iweala second term bid
23rd July 2024 By: Bloomberg

A sizable portion of World Trade Organization (WTO) members supported a move from a group of African countries pushing for Director-General Ngozi Okonjo-Iweala to expedite a run for a second... 


Forestry, Fisheries and the Environment Minister Dr Dion George
George emphasises collective multilateral climate effort in MoCA speech
22nd July 2024 By: Schalk Burger

South Africa and most other African and developing countries are facing a very serious economic situation with pressing development challenges, such as high unemployment and poverty rates. Southern... 


President Cyril Ramaphosa
Growth and transformation two sides of one coin, Ramaphosa insists as he takes on GNU critics
22nd July 2024 By: Terence Creamer

President Cyril Ramaphosa has again underlined the need for higher levels of economic growth, urging lawmakers not to allow themselves “to be led into a false choice between policies that are... 


President Cyril Ramaphosa
Ramaphosa signs law allowing savers access to pension funds
22nd July 2024 By: Reuters

President Cyril Ramaphosa signed a law that will give savers early access to part of their retirement funds. The president’s assent of the Revenue Laws Amendment Act establishes a so-called two-pot... 


A city in Ghana
Ratings company to serve Africa set to be ready by next year
22nd July 2024 By: Bloomberg

A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an African Union official said Saturday. The institution won’t... 


Economic growth a top priority for GNU
Economic growth a top priority for GNU
19th July 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the key themes of interest to business raised during President Cyril Ramaphosa's Opening of Parliament speech; the ongoing and new reforms that... 


NEW ERA
By isolating the recovery environment, Commvault mitigates the risk of reinfection
Company revolutionising cyber resilience in S Africa, SADC region
19th July 2024 By: Simone Liedtke

By providing a secure, scalable and cost-effective recovery solution, software company Commvault Systems is empowering organisations in South Africa and the Southern African Development Community... 


President Cyril Ramaphosa delivering his opening of Parliament address
Vulindlela 2.0, green industrialisation, infrastructure at centre of GNU’s growth vision
18th July 2024 By: Terence Creamer

A second round of economic reforms under Operation Vulindlela, together with green industrialisation and scaled-up infrastructure development have been placed at the centre of the Government of... 


Standard Bank assesses the impact of elections on capital markets globally
Standard Bank assesses the impact of elections on capital markets globally
18th July 2024 By: Marleny Arnoldi

With 49% of the world’s population having voted in elections this year, experts gathered by Standard Bank have unpacked whether this has an effect on capital markets and investor sentiment... 


Reserve Bank Governor Lesetja Kganyago
Reserve Bank keeps main interest rate unchanged at 8.25%
18th July 2024 By: Reuters

South Africa's central bank kept its main interest rate unchanged at 8.25% in a decision announced on Thursday. Eighteen of 20 economists polled by Reuters predicted there would be no change in the... 


350Africa! calls for urgent renewable-energy investment and policy support
350Africa! calls for urgent renewable-energy investment and policy support
18th July 2024 By: Thabi Shomolekae

International environmental movement 350Africa! said on Thursday that for Africa to realise a just transition to renewable energy, significant investment from financial institutions and developed... 


Open Society Foundations commits $400m for green industrialisation in the Global South
18th July 2024 By: Schalk Burger

Philanthropic grant organisation Open Society Foundations will commit $400-million over eight years to support the development of green industrial policies that contribute to economic growth in the... 


A person walking near the Reserve Bank headquarters in Pretoria
BMI sees monetary policy easing globally, but high inflation persists in some regions
17th July 2024 By: Marleny Arnoldi

In considering the accuracy of the economic and political risk predictions that were made at the end of 2023 for the new year, BMI’s sub-Saharan Africa Country Risk team has found that most of the... 


Finance Minister Enoch Godongwana
Treasury to sign agreements in transport and water sectors aimed at fast-tracking private investment
17th July 2024 By: Terence Creamer

Finance Minister Enoch Godongwana reports that the National Treasury is working on signing memoranda of agreement in the transport and water sectors with the goal of fast-tracking private sector... 


Shopper
South African retail sales rise 0.8% year on year in May
17th July 2024 By: Reuters

South African retail sales rose 0.8% year on year in May after rising by a revised 0.7% in April, Statistics South Africa figures showed on Wednesday. Sales fell 0.7% month on month in May after... 


Agriculture Minister John Steenhuisen
Agbiz encouraged by Steenhuisen’s commitment to advancing industry master plan
17th July 2024 By: Marleny Arnoldi

Industry body the Agricultural Business Chamber of South Africa (Agbiz) has described Agriculture Minister John Steenhuisen’s maiden Budget Vote speech to be “valuable and focused on relentless... 


A globe focused on the African continent
African economies seen delaying joining cycle of global easing
17th July 2024 By: Bloomberg

African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight monetary policies, with one exception. “The broader... 


Trade, Industry and Competition Minister Parks Tau
Localisation to be used to create early-stage demand in targeted sectors - Tau
16th July 2024 By: Terence Creamer

While proclaiming industrial policy to be the “centre piece” of the government of national unity’s economic development strategy, new Trade, Industry and Competition Minister Parks Tau indicated he... 


Steel is among the goods affected by the UK's CBAM
South Africa tells UK carbon border tax will deepen inequality
16th July 2024 By: Bloomberg

South Africa has told the UK that its plans to impose a carbon tax on imported goods will deepen global inequality and hamper Africa’s ability to adapt to climate change. The criticism of the... 


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Werner South Africa Pumps & Equipment (PTY) LTD
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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

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