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Macro & Micro

Krugerrand
Demand for Krugerrands up as consumers diversify
13th June 2024 By: Darren Parker

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify... 


Families of two engineers launch petition to free them from Equatorial Guinea
12th June 2024 By: Schalk Burger

The families of two South African engineers, Peter Huxham (55) and Frik Potgieter (54), who have been unlawfully held as State hostages in Equatorial Guinea since February 9, 2023, have launched an... 


Benchmarking study highlights slow pace of South Africa’s grid-connection system
Benchmarking study highlights slow pace of South Africa’s grid-connection system
12th June 2024 By: Terence Creamer

A new benchmarking assessment of South Africa’s electricity grid access queueing mechanisms indicates that Eskom’s systems are slower and less transparent than those being implemented in developed... 


Solar PV
Solar installations slow in South Africa after blackouts ease
12th June 2024 By: Bloomberg

Repairs to South Africa’s coal-fired stations that have helped the State power utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break. Until... 


CDE executive director Ann Bernstein
CDE suggests new administration should shrink, streamline Cabinet
12th June 2024 By: Schalk Burger

A significant reduction in the number of Cabinet Ministers and a fundamental overhaul of the Presidency are important steps towards fixing South Africa’s weak State, says policy research... 


Africa map
Global growth will not exceed pre-pandemic levels until 2026 at least – World Bank
11th June 2024 By: Marleny Arnoldi

The World Bank expects the global economy to stabilise for the first time in three years, but at a level that is still weak by historical standards. In its latest ‘Global Economic Prospects’... 


Stats SA Industry statistics director Nicolai Carson
Manufacturing production up 5.3% y/y in April
11th June 2024 By: Darren Parker

South Africa’s manufacturing production increased by 5.3% year-on-year in April, Statistics South Africa (Stats SA) has reported. Stats SA Industry statistics director Nicolai Carson said on June... 


The risk of floods has increased in certain part of South Africa as a result of climate change
South Africa’s climate focus needs to shift from setting targets to tangible results – Moosa
11th June 2024 By: Terence Creamer

South Africa is now entering a new and more demanding phase of climate action, Presidential Climate Commission (PCC) deputy chairperson Valli Moosa asserts, stressing that the focus is not only on... 


Sacci logo
Sacci records dip in BCI over April, May as elections unfolded
11th June 2024 By: Marleny Arnoldi

The South African Chamber of Commerce and Industry (Sacci) says the lead up to the national and provincial elections on May 29 had a notable effect on business confidence during April and May, with... 


KZN floods 2022
Natural disasters emerge as top risk consideration for professionals in construction, property
11th June 2024 By: Marleny Arnoldi

Thirty-eight percent of 3 000 risk management professionals and business leaders agree that natural catastrophes, fire and explosion risks are emerging as primary concerns in the engineering,... 


soldiers in front of helicopter
AAD expected to yield significant economic, educational value once again
10th June 2024 By: Darren Parker

Speaking at a preliminary event marking 100 days until the next Africa Aerospace and Defence (AAD) trade exhibition and airshow, which will take place from September 18 to 22, Defence and Military... 


Efficient Group chief economist Dawie Roodt
South African economy needs less State interference, more privatisation – Roodt
10th June 2024 By: Sabrina Jardim

South Africa's political and economic realities were not aligned, Efficient Group chief economist Dawie Roodt told delegates during a Johannesburg Chamber of Commerce and Industry presentation on... 


A photo of the IDC's head office
Nedbank CIB concludes R1bn funding facility for the IDC
10th June 2024 By: Creamer Media Reporter

Nedbank Corporate and Investment Banking (CIB) has concluded a R1-billion term funding facility for the State-owned Industrial Development Corporation (IDC) of South Africa. The funding will... 


Jendamark CEO Quinton Uren
Nelson Mandela Bay Business Chamber launches think tank to drive job creation in ‘bay of opportunity’
10th June 2024 By: Marleny Arnoldi

One of the country’s most active business organisations the Nelson Mandela Bay Business Chamber (NMBBC) has launched a Local Economy Reinvention Think Tank, marking another step in its vision of... 


President Cyril Ramaphosa
Reform momentum must be sustained ‘regardless of the form or composition’ of new government
10th June 2024 By: Terence Creamer

President Cyril Ramaphosa has underlined the importance of the new government – which is yet to be formed after no single party secured an outright majority in the recent elections – continuing... 


taxi rank
Lack of public transportation integration undermining service delivery
7th June 2024 By: Darren Parker

A lack of proper integration with regard to urban public transportation systems has led to inefficiencies and duplications, with some routes and areas being overserved while others suffer from a... 


First-quarter contraction demonstrates GDP growth volatility – TIPS
7th June 2024 By: Schalk Burger

GDP contracted by 0.1% in the first quarter of this year, underscoring the increased volatility of GDP growth since the Covid-19 pandemic started in 2020, said nonprofit economic research... 


Circular economy gaining traction in Africa, but still layered onto linear economies
7th June 2024 By: Schalk Burger

There are various local, regional and international initiatives that are assessing and driving circular economy practices in Africa, but the transformation of existing linear economies remains... 


ANC president Cyril Ramaphosa has announced that the party views a GNU was “the best option to move our country forward”
Big business backs speedy formation of ‘stable GNU’
7th June 2024 By: Terence Creamer

Business Leadership South Africa (BLSA), whose members are drawn from the largest domestic and multinational businesses operating in the country, has backed the African National Congress’ (ANC’s)... 


public tranport bus in Johannesburg
Public transportation evolution not happening fast enough, Unitrans says
7th June 2024 By: Darren Parker

Despite the Department of Transport’s (DoT’s) long-standing vision to achieve seamless integration of all modal public transport operations to ensure that it is more efficient, affordable, safe and... 


President Cyril Ramaphosa
ANC will seek to form government of national unity
6th June 2024 By: Reuters

South Africa's African National Congress will invite other political parties to form a national unity government, its leader President Cyril Ramaphosa said on Thursday, after it lost its majority... 


Reuel Khoza
Khoza calls for political leaders to prioritise ‘common good’ as he lambasts ‘betrayers’ of the Constitution
5th June 2024 By: Terence Creamer

Renowned and outspoken business personality Reuel Khoza has urged South Africa’s political leadership currently negotiating the governance arrangements that should be implemented following an... 


Two rand with flag background
Business confidence ticked up ahead of elections but more is needed to spur investment
5th June 2024 By: Marleny Arnoldi

The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI) increased by five points to 35% in the second quarter of the year ahead of the national... 


CDE executive director Ann Bernstein
Think tank outlines five priorities for new government and for shaping coalition talks
5th June 2024 By: Terence Creamer

The Centre for Development and Enterprise (CDE) has released a list of five priorities for South Africa’s yet-to-be-formed new government and which the think tank also argues should help guide... 


Demonstrations by climate activists
Green Connection petitions court to ‘force’ Nersa, DMRE to supply Karpowership information
5th June 2024 By: Darren Parker

Environmental activist nonprofit organisation the Green Connection has taken the National Energy Regulator of South Africa (Nersa) and the Department of Mineral Resources and Energy (DMRE) to court... 


The Cape Town CBD at night
South Africa business activity grows again in May, PMI shows
5th June 2024 By: Reuters

South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers'... 


Standard Bank CEO Sim Tshabalala
Standard Bank’s Tshabalala confident South Africa’s institutions will deliver post-election stability
4th June 2024 By: Terence Creamer

While refusing to be drawn on what coalition arrangement would be favourable for investment, Standard Bank CEO Sim Tshabalala has expressed confidence in the ability of South Africa’s institutions... 


North-West University Business School economist Professor Raymond Parsons
Persistently poor GDP growth most significant feature of South Africa’s economic performance
4th June 2024 By: Darren Parker

South Africa’s continued disappointing economic growth remains the most significant feature of the country’s macroeconomic performance, North-West University Business School economist Professor... 


A farm in South Africa
GDP decreased by 0.1% in the first quarter
4th June 2024 By: Creamer Media Reporter

South Africa’s GDP decreased by 0.1% in the first quarter of this year, Statistics South Africa reports. The manufacturing industry decreased by 1.4% in the first quarter, contributing -0.2 of a... 


National Treasury director-general Duncan Pieterse
South Africa's fiscal stance to stay balanced under coalition, Treasury says
4th June 2024 By: Reuters

South Africa's National Treasury intends to stick to a balanced fiscal stance under a coalition government, its director-general said on Tuesday, after the African National Congress (ANC) lost its... 


Some parties are still objecting to the election results announced on Sunday night
Business urges all parties to accept election results and work together to rebuild country
3rd June 2024 By: Terence Creamer

Organised business has urged political leaders to accept the 2024 election results and to prioritise the crafting of stable governance arrangements underpinned by a commitment to the Constitution,... 


A container being moved
Absa PMI dips to 43.8 in May amid uncertainty
3rd June 2024 By: Schalk Burger

The Absa Purchasing Managers’ Index (PMI) fell below 50 points to 43.8 points in May, from 54 points in April, despite the fact that there was no loadshedding that month. Absa states that the... 


Rand Currency
South Africa’s post-election wrangling leaves investors in limbo
3rd June 2024 By: Bloomberg

Investors braced for further upheaval in South Africa’s financial markets in the wake of last week’s elections that produced no outright winner, with the outcome of ongoing coalition talks... 


Inside the IEC's election ROC
Hope and angst grip South African markets as coalition era dawns
31st May 2024 By: Bloomberg

Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a... 


Reserve Bank Governor Lesetja Kganyago
SARB holds rates in shadow of election
30th May 2024 By: Bloomberg

The South African Reserve Bank (SARB) left borrowing costs unchanged, delivering the widely expected verdict one day after the nation held pivotal elections. The monetary policy committee kept its... 


Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Supply-side support will be required if South Africa aims to join green industrialisation race
30th May 2024 By: Terence Creamer

Stable demand remains a prerequisite if South Africa has any prospect of stimulating industrialisation in the renewable-energy and battery storage value chains, Trade & Industrial Policy Strategies... 


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