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Macro & Micro

Solar PV
Next round of NDC’s critical test for meeting renewables-tripling goal – IEA
24th September 2024 By: Terence Creamer

The next round of Nationally Determined Contributions (NDCs) will be a critical test for the implementation of the COP28 pledge, made by nearly 200 countries in the United Arab Emirates last year,... 


ArcelorMittal South Africa CEO Kobus Verster says there is more positive outlook for the country.
South Africa’s coalition government triggers wave of investment
23rd September 2024 By: Bloomberg

The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest... 


Reserve Bank Governor Lesetja Kganyago
Economists split on how deep South Africa’s easing cycle will be
20th September 2024 By: Bloomberg

South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis point start to the easing cycle, despite the Federal... 


Rooivalk helicopter
Defence industry CEO calls for PPPs to fund SANDF projects
20th September 2024 By: Darren Parker

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 


Rand currency
South African rand cools after strong gains in data-filled week
20th September 2024 By: Reuters

The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the US Federal Reserve and the South African Reserve Bank... 


Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 By: Bloomberg

South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible for economic-growth enhancing structural reforms... 


A generic image of air conditioning products
Company outlines plans to provide stable cooling solutions
20th September 2024

Energy technology provider Midea used its Nigeria offline dealer conference on August 23 to unveil its plans and preparations to launch its latest split-type inverter air conditioner, UNICOOL, from... 


A generic image of air conditioning products
Company highlights vital role of air conditioning in hospitals
20th September 2024

Electronics company LG Electronics South Africa has outlined the key role of air-conditioning systems within healthcare facilities in ensuring that patient well-being extends far beyond medical... 


A generic image of industrial equipment
Uptick in demand for HVAC systems by OEM sector
20th September 2024

There has been a noticeable uptick in demand for the locally manufactured Booyco heating, ventilation and air-conditioning (HVAC) systems by South Africa’s original-equipment manufacturers (OEM),... 


An image of Dawie Kriel
Potential of industrial refrigeration service model emphasised
20th September 2024

Energy company Energy Partners has outlined the innovative potential of Cooling-as-a-Service (CaaS) agreements within the industrial refrigeration landscape to catalyse developments in operational... 


A generic image of air-conditioning systems
Governing framework adherence key to HVAC-R development
20th September 2024 By: Lumkile Nkomfe

Contractor association the South African Refrigeration and Air Conditioning Contractors Association (Saracca) highlights the imperative of setting fair and feasible governing standards to establish... 


Reserve Bank governor Lesetja Kganyago
SARB joins easing club with 25 basis point rate cut
19th September 2024 By: Reuters

South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the midpoint of its target range as far out... 


RMB infrastructure sector solutions head Judy Kobus
RMB funded renewables projects worth R50bn last year and is gearing up for private grid prospects
19th September 2024 By: Terence Creamer

Corporate and investment bank RMB reports that it financed renewable-energy investments worth R50-billion over the past year and is expecting ongoing high levels of renewables funding this year,... 


A person holding new ZiG banknotes
Zimbabwe's new currency faces headwinds five months on
19th September 2024 By: Reuters

Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's plan to make it the only currency... 


SARB Governor Lesetja Kganyago
South Africa seen sticking to modest rate cut despite Fed cut
19th September 2024 By: Bloomberg

The South African Reserve Bank (SARB) will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on... 


South African banknotes
Rand gains with SARB poised for first rate cut in four years
19th September 2024 By: Bloomberg

The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020. The currency strengthened... 


Wind and solar
South Africa’s first Just Transition perception survey highlights low awareness and concern over impacts
18th September 2024 By: Terence Creamer

A new South Africa-wide survey shows that, while 62% of respondents support the shift from coal to renewable energy, a striking 65% have never heard of the term ‘Just Transition’. In addition, the... 


Deputy Finance Minister David Masondo
South African Treasury to coax funds to invest in infrastructure
18th September 2024 By: Bloomberg

South Africa’s National Treasury is working on measures to encourage private investment in infrastructure projects, an initiative it hopes will silence calls from other quarters in the government... 


Busa logo
Busa meets with Ramaphosa over NHI, comes away ‘encouraged’
18th September 2024 By: Thabi Shomolekae

Business Unity South Africa on Wednesday said it is encouraged by government's “openness” to engage on its concerns around the controversial National Health Insurance Act, following a meeting with... 


A customer walking in a grocery store aisle
South African inflation falls more than expected, sets stage for rate cut
18th September 2024 By: Reuters

South Africa's inflation rate fell more than expected last month to its lowest since April 2021, data showed on Wednesday, reinforcing expectations that the central bank will cut interest rates... 


JPMorgan CEO Jamie Dimon to visit Africa in growth push
18th September 2024 By: Reuters

JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent, four sources familiar with the matter told Reuters, his... 


A graph showing the financial benefits achieved by companies through decarbonisation efforts
Companies are reaping financial benefits from addressing carbon emissions
17th September 2024 By: Schalk Burger

A quarter of companies worldwide across industries have managed to reduce their carbon footprint and make meaningful financial gains that benefit them and their employees, shareholders and... 


Transport Minister Barbara Creecy addressing a Steel and Engineering Industries Federation of Southern Africa conference in Ekurhuleni
Creecy sets year-end deadline for rail Network Statement amid ‘complicated tariff balancing act’
17th September 2024 By: Terence Creamer

Transport Minister Barbara Creecy says that, despite Transnet’s turnaround progress, the State-owned enterprise is not able to meet the target of increasing South Africa’s yearly rail volumes to... 


Image of Leon Schreiber
Schreiber envisions ‘Home Affairs from home’ as he pushes digitalisation
17th September 2024 By: Thabi Shomolekae

Home Affairs Minister Leon Schreiber said securing South Africa’s immigration and civics systems through automation and digital transformation will immediately boost confidence in South Africa’s... 


Consumer
S Africa consumer confidence recovers to pre-pandemic levels, survey shows
17th September 2024 By: Reuters

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September, survey data... 


Bill Gates
Bill Gates turns to cows milk and gut bacteria in $3tr nutrition fight
17th September 2024 By: Bloomberg

Bill Gates says world leaders must step up the fight against a worsening child nutrition crisis that’s causing trillions of dollars in economic losses — and that gut bacteria investment and more... 


Rand currency
Africa’s largest economies to change course on rates for first time in years
17th September 2024 By: Bloomberg

Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in years as inflation lets up. At least five others... 


ARC Investments increases INAV a share by 8.5% on new investments, fair value gains
16th September 2024 By: Schalk Burger

JSE-listed investment holding company African Rainbow Capital (ARC) Investments increased its intrinsic net asset value (INAV) per share by 8.5% to R12.38 a share during its financial year to the... 


SME confidence holds firm in the second quarter
16th September 2024 By: Schalk Burger

Small and medium-sized enterprises (SMEs) have maintained their confidence in the future, despite persistent challenges and uncertainty, the SME Confidence Index for the second quarter shows. SMEs... 


beer in glass mug with foam
SAB reiterates calls for revised approach to excessive beer excise tax increases
16th September 2024 By: Darren Parker

Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South... 


JSE banner
JSE continues driving growth for SMEs
16th September 2024 By: Marleny Arnoldi

Reflecting on the success of its Small and Medium Enterprise (SME) Rise initiatives, the JSE says the SME sector remains the backbone of South Africa’s economy. The stock exchange hosted an event... 


Home Affairs Minister Leon Schreiber
South Africa’s work visa reform plans slowed by tax issues
16th September 2024 By: Bloomberg

South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad visa for remote workers has been slowed by the need to amend tax... 


BLSA CEO Busi Mavuso
Review of dtic entities can boost business environment, says BLSA
16th September 2024 By: Schalk Burger

Business Leadership South Africa (BLSA) is encouraged by the quick steps taken by new Trade, Industry and Competition Minister Parks Tau to engage with business to ensure open channels of... 


A truck transporting containers
Manufacturing confidence holds steady amid persisting headwinds – Absa
16th September 2024 By: Schalk Burger

Confidence levels among local manufacturers held steady at 28 points during the third quarter, driven mainly by their optimism regarding policy direction after a peaceful election and the formation... 


Powerlines
Bezos-backed group to prepare South African grids for investment
16th September 2024 By: Bloomberg

A global organisation backed by Amazon Founder Jeff Bezos’ climate and biodiversity fund said it’s setting up a programme to attract investment into South African municipal power grids, which need... 


New Sasol chairperson Muriel Dube
Sasol appoints Dube as new chair as sustainability pressures rise
16th September 2024 By: Terence Creamer

JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson following the resignation of Sipho Nkosi from the position in... 


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SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

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Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

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Multotec

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