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Macro & Micro

Energy Council of South Africa CEO James Mackay
Energy council calls for overhaul of public IPP procurement model
13th November 2024 By: Terence Creamer

The Energy Council of South Africa has called for an overhaul of the way government procures new electricity generation and storage capacity from independent power producers (IPPs), describing the... 


Image of Leon Schreiber
Digital border transformation important to grow economy, create jobs – Leon Schreiber
13th November 2024 By: Thabi Shomolekae

Home Affairs Minister Leon Schreiber noted on Wednesday that the digital transformation of the border environment is an important priority for the Government of National Unity to be able to grow... 


Western Cape Floods
South Africa declares national disaster after floods, storms
13th November 2024 By: Bloomberg

South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction. Disruptive rains,... 


Economic transactions see modest rebound in October after weak September
13th November 2024 By: Schalk Burger

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) showed a steady recovery in October, up 0.3% to 136.5, following September’s weaker performance of... 


UCT’s business school in global top ten
12th November 2024 By: Rebecca Campbell

The 2024 Better World MBA rankings, by Corporate Knights magazine, has positioned the MBA programme of the Graduate School of Business (GSB) of the University of Cape Town (UCT) in seventh place... 


South African currency
South Africa markets eurobonds after coalition lifts confidence
12th November 2024 By: Bloomberg

South Africa is marketing eurobonds in its first potential international debt sale under a government of national unity following May elections. The dollar offering is set to include a... 


People waiting to be hired for day jobs
Unemployment rate improves to 32.1% in the third quarter
12th November 2024 By: Marleny Arnoldi

South Africa’s unemployment rate decreased by 1.4 percentage points to 32.1% in the third quarter, from 33.5% in the second quarter. The expanded unemployment rate, which includes discouraged work... 


Soldier in Mozambique
SAAFF bemoans lethargic SADC's failure to stop Moz conflicts impacting regional economy
8th November 2024 By: Marleny Arnoldi

With more than 500 000 people having been displaced and 5 785 having died over the last seven years as conflict wages in Mozambique’s Cabo Delgado province, Southern Africa Association of Freight... 


US President-elect Donald Trump
South Africa concerned Trump election will impact climate talks
8th November 2024 By: Reuters

South Africa is concerned by the impact Donald Trump's election as the next president of the United States may have on talks to tackle climate change, its environment minister said on Friday.... 


Sacci, CIPC join forces to support SME growth
7th November 2024 By: Sabrina Jardim

Recognising the challenging business environment in South Africa and committed to driving positive change, the South African Chamber of Commerce and Industry (Sacci) has partnered with the... 


South African banknotes
South African rand recoups some losses against dollar
7th November 2024 By: Reuters

South Africa's rand recouped some losses on Thursday, a day after emerging market assets took a hit following Donald Trump's win in the US election. At 0820 GMT, the rand traded at 17.5175 against... 


The Port of Maputo
Grindrod suspends port operations in Mozambique after border closure
7th November 2024 By: Reuters

Logistics company Grindrod has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after... 


President elect Donald Trump
Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies
6th November 2024 By: Darren Parker

While the decisive American election mandate, which has seen Donald Trump being all but confirmed as President elect in the US, has strengthened political certainty within that country, it has... 


Donald Trump
Trump claims 'powerful mandate' after Fox News projects he has won US presidency
6th November 2024 By: Reuters

Republican Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, which would cap a stunning political comeback four... 


Sars Commissioner Edward Kieswetter
South Africa is working on unique digital identity, instant visa
6th November 2024 By: Bloomberg

South Africa plans to create unique identities for its citizens and issue instant visas as it digitizes its economy. The South African Revenue Service, the central bank and the Department of Home... 


Power lines
Pickup in growth expected, but South Africa's expenditure still largely for wages, debt
6th November 2024 By: Schalk Burger

Insights, data and analytics provider BMI expects South Africa's economic growth to pick up from 1% this year to 1.5% in 2025 as improved energy supply, greater private-sector investment, slower... 


Sasol CEO Simon Baloyi
Sasol not in ‘sunset’ phase but transition plans cannot outpace market demand – Baloyi
5th November 2024 By: Terence Creamer

Sasol CEO Simon Baloyi has acknowledged that the group stands at the “threshold” of a potentially difficult energy transition but he has also disputed assertions that the carbon-heavy chemicals and... 


Rand currency
South Africa on the clock as rand volatility soars post-budget
5th November 2024 By: Bloomberg

Investors are giving South Africa’s coalition government some leeway to get its finances in order, but the rising cost of hedging against rand declines shows pressure is building after last week’s... 


Peter Huxham and Frik Potgieter
Families appeal for clemency for two engineers after 634 days in Equatorial Guinea prison
5th November 2024 By: Schalk Burger

The families of two detained South African engineers, Frik Potgieter and Peter Huxham, staged a peaceful protest outside Africa Energy Week at the Cape Town International Convention Centre, with... 


Rand Currency
South Africa's private sector growth sustained in October as costs fall, PMI shows
5th November 2024 By: Reuters

South Africa's private sector maintained its growth trajectory in October, bolstered by a decline in business costs and selling prices, a Purchasing Managers' Index (PMI) survey showed on Tuesday.... 


SEW fish processing operation
South Africa, Chile collaborate to advance sustainable fisheries, aquaculture
5th November 2024 By: Marleny Arnoldi

The governments of South Africa and Chile have signed a memorandum of understanding to cooperate on fisheries and aquaculture. The countries will soon establish a joint technical committee to... 


IDC COO Joanne Bate
Green-hydrogen secretariat being set up at IDC as single point of contact for public and private coordination
5th November 2024 By: Terence Creamer

South Africa’s Industrial Development Corporation (IDC) is in the process of setting up the institutional capacity to house the Green Hydrogen Just Energy Transition (JET) Secretariat, which is... 


pouring asphalt
AECI to sell Much Asphalt for R1.1bn
4th November 2024 By: Darren Parker

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Finance Minister Enoch Godongwana
Goldman more upbeat on South Africa than its Finance Minister
4th November 2024 By: Bloomberg

Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path for fiscal consolidation remains credible. Finance... 


BLSA CEO Busi Mavuso
South Africa should capitalise on its East and West trade ties – BLSA
4th November 2024 By: Schalk Burger

Building a stronger economy is the best way for South Africa to prepare for any internal or external shocks. While this requires the country to successfully carry out reforms, South Africa is in a... 


Sino Africa Gases co-founder Sibusiso Sibisi
Sino Africa Gases established in Newcastle
1st November 2024 By: Darren Parker

The new food-grade liquid CO2 manufacturing plant of Sino Africa Gases is now officially established. The plant, located in Newcastle, KwaZulu-Natal, was funded by the National Empowerment Fund... 


Employee at a factory in South Africa
Despite slight dip, Absa PMI in expansionary territory, indicating rebound in manufacturing
1st November 2024 By: Schalk Burger

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 52.6 points in October, following an upbeat closing of the third quarter at 53.3 points in September. Although this is a... 


Wind and solar
IPP Office to defend legal attempt by BW5 preferred bidders to prevent payout of bid bonds
1st November 2024 By: Terence Creamer

The Independent Power Producer (IPP) Office has confirmed that it will oppose a legal attempt by two renewables consortia to prevent the payout of preferred-bidder guarantees called after their... 


The Durban Container Terminal
South Africa looks to Africa and China ties as global trade fences go up
1st November 2024 By: Reuters

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 


No one entity can meet South Africa’s energy investment needs, report argues
No one entity can meet South Africa’s energy investment needs, report argues
31st October 2024 By: Terence Creamer

No one entity has the resources, funding or execution capability to address South Africa’s multitrillion-rand energy investment needs, a new PWC report argues, while calling for collaboration... 


Finance Minister Enoch Godongwana
South Africa’s Central Bank unlikely to get lower CPI goal soon
31st October 2024 By: Bloomberg

South Africa is unlikely to have a new inflation target by February’s budget, Finance Minister Enoch Godongwana said. “I don’t want to mislead you and say there will be an announcement in... 


Electricity powerlines
DA urges ‘anti-competitive’ Eskom to withdraw legal proceedings against Nersa
31st October 2024 By: Thabi Shomolekae

The Democratic Alliance on Thursday urged State power utility Eskom to withdraw its “futile and costly” legal dispute and support the transformation of South Africa’s energy sector. Eskom has... 


Powerlines
In another shock move, Eskom seeks review of Nersa decision to issue four new trading licences
31st October 2024 By: Terence Creamer

In another surprise move, Eskom has taken the seemingly regressive step of approaching the High Court for a review of the National Energy Regulator of South Africa’s (Nersa’s) decision to grant... 


Photo of Terence Creamer
Unlocking private sector participation in infrastructure
30th October 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the key themes of the first Medium-Term Budget Policy Statement of the Government of National Unity, delivered by Finance Minister Enoch... 


Solar PV panels
R390bn in electricity investment ‘tangible evidence’ of benefits of reforms
30th October 2024 By: Terence Creamer

The first phase of Operation Vulindlela, which was set up jointly by the Presidency and the National Treasury to oversee structural economic reforms, unlocked R390-billion worth of investment in... 


National Treasury still consulting on fiscal anchor policy options
30th October 2024 By: Terence Creamer

The National Treasury reports that technical work is continuing on permanent measures to anchor fiscal policy and ensure debt sustainability and that a discussion document on the controversial... 


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Magazine round up | 13 December 2024
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