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Macro & Micro

Pele Green Energy CEO Gqi Raoleka
100 MW Free State solar project represents IPP empowerment landmark
12th December 2024 By: Terence Creamer

The selection of Pele Green Energy (PGE) to supply renewable energy to the South African ferrochrome smelters operated by the Glencore Merafe Venture represents an important milestone in the steady... 


Real-time payments contribution to South Africa's GDP set to double by 2028
11th December 2024 By: Schalk Burger

Payments technology company ACI Worldwide says in its 'Real-Time Payments: Economic Impact and Financial Inclusion' report that the contribution of real-time payments to South Africa's GDP is... 


Peter Huxham and Frik Potgieter
Families of unlawfully convicted engineers call for their release before Christmas
11th December 2024 By: Marleny Arnoldi

The families of two South Africans, Frik Potgieter and Peter Huxham, have again pleaded with the Equatorial Guinea government to release the men, who have been detained in the country for 670 days,... 


ARC starts new financial year off strong with solid portfolio performances
10th December 2024 By: Marleny Arnoldi

JSE-listed African Rainbow Capital (ARC) Investments made some significant investments in its ARC Fund in the first quarter of its 2025 financial year, which ended on September 30. The company’s... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa seeks to catalyse Japanese finance for green hydrogen projects
10th December 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa is in Japan this week in a bid to secure financial backing for flagship South African green-hydrogen projects in the Eastern and Northern... 


renewable energy and city at night
Renewables covering area the size of Europe needed for clean energy future, report shows
10th December 2024 By: Darren Parker

A newly released report by technology and lifecycle solutions provider Wärtsilä shows that an area the size of Europe will need to be covered with renewable power to reach a clean energy future... 


Macpherson to launch independent investigation into IDT tender award
10th December 2024 By: Schalk Burger

Public Works and Infrastructure Minister Dean Macpherson will launch a full independent investigation into the Independent Development Trust (IDT) and its corporate governance problems to prevent... 


A business person working
Sacci BCI improves by 3.4 points month-on-month in November
10th December 2024 By: Schalk Burger

Despite five subindices that turned slightly negative in November, the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) still improved by 3.4 points... 


BLSA CEO Busi Mavuso
Fixing logistics, water sectors still long way off in South Africa - BLSA
9th December 2024 By: Schalk Burger

While South Africa is starting to see the fruits of energy sector reforms, it still has a long way to go to fix the water, and transport and logistics sectors despite recent progress, says business... 


Man with laptop at night
PwC survey finds sub-Saharan CEOs are equally, if not more, focused on transformation
9th December 2024 By: Marleny Arnoldi

Consultancy PwC finds in its latest yearly global CEO survey that 81% of CEO’s in Africa took at least one action that greatly impacted on their company’s’ business model in 2023, compared with 76%... 


OR Tambo International Airport
OR Tambo International faces flight delays over refuel issues
9th December 2024 By: Bloomberg

Airlines at South Africa’s busiest airport are unable to refuel their aircraft, raising the possibility of renewed delays just two days after pilots at the state-owned carrier ended a strike. The... 


Agbiz CEO Theo Boshoff
Agri trade poised to benefit from South Africa’s global positioning next year, but BRICS needs work
9th December 2024 By: Marleny Arnoldi

With the 2024/25 season expected to benefit from La Niña rains, solid exports having been reported in the year-to-date, food price inflation having come down to 2.8% in October and the Agribusiness... 


Image of Cyril Ramaphosa
Ramaphosa reflects on government progress, notes slow pace of economic growth
9th December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa pointed out on Monday that strengthening local government is the Government of National Unity’s key priority, noting disruptions in the supply of electricity and clean... 


Buco retail store in Strijdom Park
Buco opens new store as part of larger effort to grow its Gauteng presence
6th December 2024 By: Darren Parker

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg. The store, which had a soft opening about two months ago, was officially  declared open... 


Business must organise to leverage G20 opportunities, Sacci urges
6th December 2024 By: Schalk Burger

South African business must organise in a fully inclusive manner to take advantage of the opportunities of South Africa's chairing of the intergovernmental platform Group of 20 (G20) for the... 


McKinsey & co
McKinsey, Busa join for G20 event after scandal
6th December 2024 By: Bloomberg

McKinsey & Co. is partnering with South African business-lobby group Business Unity South Africa (Busa) to prepare for an event aimed at connecting global policymakers, civil-society organisations... 


McKinsey & Company
McKinsey to pay SA R1.1bn for its role in State capture
6th December 2024 By: Thabi Shomolekae

The National Prosecuting Authority announced that it has successfully concluded dispute resolution with McKinsey South Africa, in which McKinsey will pay about R1.1-billion into South Africa's... 


An image of Higgins Mdluli
Drier season produces lower yield
6th December 2024

Industry association SA Canegrowers highlights that this year’s sugarcane harvest is expected to be 10% lower than average, largely owing to unusually dry conditions in most of KwaZulu-Natal's... 


A generic image of a sugarcane plant
Extend sugar tax moratorium, says SASA
6th December 2024 By: Lumkile Nkomfe

Industry association, the South African Sugar Association (SASA), asserts that the sugar tax, since its introduction in 2019, has had a devastating impact on both sugarcane farmers and milling... 


A generic image of boiler equipment
Firm’s boilers enable efficient processes
6th December 2024 By: Lumkile Nkomfe

Steam generation solutions company Steinmüller Africa says that its boilers are well-equipped to deliver efficient waste management, energy, and cost savings for the pulp and paper, sugar,... 


delegates celebrate the signing of the Atlanta Phambili pledge
South Africa signs pledge with Atlanta to drive US investment in South Africa
5th December 2024 By: Darren Parker

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 


Rising business insolvencies globally an emerging risk for directors – Allianz
5th December 2024 By: Schalk Burger

Global business insolvencies are expected to rise by 11% this year and countries accounting for more than half of global GDP will be hit by double-digit insolvency increases, says risk and... 


JHB skyline
South Africa's current account deficit broadly unchanged in Q3
5th December 2024 By: Reuters

South Africa's current account deficit was broadly unchanged from the second to the third quarter of this year, staying at 1.0% of gross domestic product, central bank data showed on Thursday. In... 


Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
Johannesburg planetarium relaunches as Wits Anglo American Digital Dome
4th December 2024

The University of the Witwatersrand, in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome, after... 


Coal power station
High Court says State can’t order new coal plants
4th December 2024 By: Bloomberg

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


National Treasury notes Moody’s reaffirmation of South Africa’s junk status
4th December 2024 By: Darren Parker

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 


Shirts for sale in a retail store
South Africa business activity rises for 4th straight month, S&P Global PMI shows
4th December 2024 By: Reuters

South African private sector activity increased for a fourth consecutive month in November as firms took on more workers and grew more confident about the economic outlook, a survey showed on... 


Consumers
S African consumer confidence drops, but signals strong festive season
4th December 2024 By: Reuters

South Africa's consumer confidence slipped one point in the fourth quarter, although retail sales during the festive season are still expected to be at levels last seen in 2019, a survey showed on... 


Minister Thembi Nkadimeng-Simelane
Justice Minister moved to Human Settlements portfolio amid probe
3rd December 2024 By: Bloomberg

President Cyril Ramaphosa moved Justice and Constitutional Development Minister Thembi Nkadimeng-Simelane to a new department, amid an investigation into her conduct before she joined the Cabinet.... 


South Africa’s launched its King Protea G20 Presidency logo on December 3
Germany commits R5.2bn to South Africa and promises to deepen cooperation ahead of Joburg G20
3rd December 2024 By: Terence Creamer

Germany has committed further funding of €276.5-million (about R5.2-billion) to South Africa for the period to 2026 to support several initiatives, including skills development and South Africa’s... 


dude pouring beer from a tap
Deadline for public comment on alcoholic beverages taxation discussion paper extended
3rd December 2024 By: Darren Parker

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 


President Cyril Ramaphosa with G20 leaders
SA will use G20 to focus on low-income countries – Ramaphosa
3rd December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Tuesday expressed confidence in South Africa’s ability to present “the most impressive G20”, stating that under the country’s leadership, the intergovernmental forum... 


Equipment on a farm
GDP contracts by 0.3% in the third quarter
3rd December 2024 By: Creamer Media Reporter

South Africa’s GDP decreased by 0.3% in the third quarter, following an increase of 0.3% in the second quarter. The agriculture, forestry and fishing industry decreased by 28.8%, contributing -0.7... 


With G20, B20 presidencies, South Africa to amplify Africa's role in global business affairs
2nd December 2024 By: Schalk Burger

South Africa has assumed the presidency of intergovernmental forum Group of 20 (G20) and its private sector engagement group Business 20 (B20). B20 South Africa will focus on unifying efforts... 


Tshwane to strengthen service delivery, revenue collection after reaching agreement with Eskom
2nd December 2024 By: Schalk Burger

The City of Tshwane says the agreement with State-owned Eskom to settle the R6.67-billion historical debt it owes to the utility signals a turning point, ending years of costly litigation and... 


Steel being produced
Simmering steel tensions coming to boil as Newcastle mill’s survival comes under spotlight again
2nd December 2024 By: Terence Creamer

Long simmering tensions in South Africa’s steel sector appear to be coming to a boil following a joint statement by the National Union of Metalworkers of South Africa (Numsa) and ArcelorMittal... 


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