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Macro & Micro

DRC flag with money
World Bank says developing economies face toughest growth conditions since 2000
17th January 2025 By: Marleny Arnoldi

The World Bank’s latest ‘Global Economic Prospects’ report states that developing economies are projected to finish the first quarter with the weakest long-term growth outlook since 2000. Even as... 


SACP threatens ‘militant action’ against AMSA closure
SACP threatens ‘militant action’ against AMSA closure
17th January 2025 By: Thabi Shomolekae

The South African Communist Party (SACP) stated on Friday that aside from urgently stopping the closure of ArcelorMittal South Africa’s (AMSA’s) domestic steel mills and rail-fabrication plant,... 


Debswana's Jwaneng mine
Botswana expects 2025 economic growth rebound on better diamond market
17th January 2025 By: Reuters

 Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated... 


An Amazon branded banner and boxes
Amazon opens Cape Town walk-in centre as it strives for market-share
17th January 2025 By: Reuters

US e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also... 


B20 co-chairperson Nonkululeko Nyembezi
B20 South Africa delegation to emphasise collaboration to tackle global challenges at WEF meeting
16th January 2025 By: Schalk Burger

A delegation from B20 South Africa will attend the upcoming World Economic Forum (WEF) annual meeting, in Davos, Switzerland, led by B20 South Africa Sherpa Cas Coovadia, along with co-chairpersons... 


Lifetime extensions, as are being pursued at Koeberg's two units, are under way in several countries
IEA report points to revival in nuclear interest
16th January 2025 By: Terence Creamer

A new International Energy Agency (IEA) report argues that nuclear capacity could double to 870 GW by 2050 in light of renewed interest in the building of new nuclear plants, including small... 


Trade Minister Parks Tau
South Africa sees talks averting ArcelorMittal plant closures
16th January 2025 By: Bloomberg

South African officials are working to prevent the closure of some steel mills operated by the local unit of ArcelorMittal SA this month, Trade Minister Parks Tau said, adding he is hopeful about... 


US flag
US will likely be star performer amid world economic woes
16th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Chief Economists Outlook’ report that only 17% of economists foresee an improvement in the global economy this year, with 56% of respondents... 


Finance Minister Enoch Godongwana
Godongwana notes importance of collaboration as South Africa seeks international support at WEF
16th January 2025 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has emphasised the importance of collaboration between business and government as South Africa has an opportunity to highlight its strengths on the global stage.... 


President Cyril Ramaphosa
Investors go all in on Ramaphosa pledge to rebuild South Africa
16th January 2025 By: Bloomberg

On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the landscape. As workers dodge cement mixers and... 


The top global threats for 2025
Increasingly fragile global landscape demands resilience, sustainable solutions - WEF
15th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Global Risks’ report that the global landscape has become increasingly fractured, with escalating geopolitical, environmental, societal and... 


Steel pipes
Much at stake as Itac moves on ‘flagship’ review of steel tariffs
15th January 2025 By: Terence Creamer

The review of South Africa’s steel tariff structure set to be undertaken by the International Trade Administration Commission of South Africa (Itac) has been described as the largest ever and is,... 


Man with computer screens
Cybercrime again leads Allianz Risk Barometer this year
15th January 2025 By: Marleny Arnoldi

Cyber incidents, business disruption and natural catastrophes have emerged as the top three areas of concern for companies globally this year, according to the latest Allianz Risk Barometer. The... 


Steelworks apprentice
SACP wants State intervention to stop ‘manufacturing de-industrialisation’
15th January 2025 By: Thabi Shomolekae

The South African Communist Party is calling for the State to intervene in stopping what it describes as the “erosion of our national industrial base” and “manufacturing de-industrialisation”. This... 


President Cyril Ramaphosa
Presidential Economic Advisory Council discusses economic policy priorities during SA’s G20 Presidency
15th January 2025 By: Thabi Shomolekae

As South Africa heads up the G20 Presidency this year, the Presidential Economic Advisory Council of South Africa’s seventh administration is looking at the country’s role in advancing the global... 


Sasol logo
Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025 By: Bloomberg

A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on fuel imports. The January 4 blaze at the facility —... 


Rand Currency
South Africa’s economy set to escape a decade of growth inertia
14th January 2025 By: Reuters

South Africa’s economy is set to forge an upward path this year after misfiring for more than a decade, boosted by steps to address growth constraints and higher consumer spending, according to... 


Treasury, SARB holding first of four G20 framework meetings this week
13th January 2025 By: Schalk Burger

The National Treasury and the South African Reserve Bank (SARB), which are jointly responsible for overseeing the work of the Group of 20 (G20) Finance Track, will start the first set of technical... 


Informal vegetable market
Commission tasks munis, agents and retailers to fix distortion in fresh produce market
13th January 2025 By: Marleny Arnoldi

After launching a market inquiry into the fresh produce industry in March 2023, the Competition Commission has released its final report on the matter confirming that there are significant barriers... 


Cybersecurity risks cited by CISOs and CEOs
Complexity, supply chain interdependencies barriers to improving cyber resilience
13th January 2025 By: Schalk Burger

Emerging technologies, prevailing geopolitical uncertainty, the evolution of threats, regulatory challenges, vulnerabilities in supply chain interdependencies and a growing skills gap are... 


Image of Cyril Ramaphosa
Govt to scale up tourism promotion strategies to restore inbound tourism figures – Ramaphosa
13th January 2025 By: Thabi Shomolekae

President Cyril Ramaphosa said on Monday that government will use the upcoming G20 summit to profile and actively promote South Africa as a tourism destination of choice, saying the tourism sector... 


Scrap processing
Itac expects to finalise review of scrap export regulations during first half of 2025
13th January 2025 By: Terence Creamer

International Trade Administration of South Africa (Itac) chief commissioner Ayabonga Cawe reports that a summary report relating to the commission’s review of the Price Preference System (PPS) for... 


AMSA factory
AMSA’s long-steel closure a ‘devastating’ blow to economy, SEIFSA warns
10th January 2025 By: Darren Parker

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has expressed grave concern over ArcelorMittal South Africa’s (AMSA’s) decision to mothball its long-steel operations,... 


 South Africa and Nigeria, the region’s two biggest economies, are both making reforms that boost their creditworthiness and economic-growth prospects,.
Sub-Saharan Africa economies well placed for 2025, Moody’s says
10th January 2025 By: Bloomberg

Sub-Saharan Africa’s economic growth is expected to improve to an average 4.2% this year from an estimated 3.8% in 2024, boosted by investments in energy and infrastructure and an expanded services... 


Competition Tribunal dismisses Sekunjalo’s interim relief application against Nedbank
9th January 2025 By: Thabi Shomolekae

The Competition Tribunal has dismissed an interim relief application sought by Sekunjalo Investment Holdings and twenty-seven of its entities seeking an order to compel Nedbank to reinstate their... 


Trade, Industry and Competition Minister Parks Tau
The dtic says it will continue to seek ‘workable resolution’ to closure of AMSA’s longs unit
9th January 2025 By: Terence Creamer

The Department of Trade, Industry and Competition (dtic) says it intends to continue its engagements with ArcelorMittal South Africa (AMSA) “until a workable resolution to the problems faced by... 


PCC acting executive director Blessing Manale
PCC appoints Manale temporary executive director
8th January 2025 By: Marleny Arnoldi

The Presidential Climate Commission (PCC) has appointed Blessing Manale acting executive director effective January 1 to February 24, following which Dorah Modise will continue in a permanent... 


Steel coils
Itac confirms review of steel tariff structure amid ‘regrettable’ Newcastle closure
7th January 2025 By: Terence Creamer

The International trade Administration of South Africa (Itac) has confirmed that it is undertaking a review of the steel tariff structure alongside surveillance of the upstream, midstream and... 


Infrastructure reform key to lift South Africa growth, BER says
Infrastructure reform key to lift South Africa growth, BER says
7th January 2025 By: Bloomberg

South Africa must invest R200-billion to revive its frayed railways, half that amount again to upgrade water infrastructure, and tackle bottlenecks in both electricity and governance to achieve an... 


Alboricah Rathupetsane
Opinion: Saving jobs by building powerlines – why the grid expansion matters for the local steel industry
7th January 2025

In this opinion article, Alboricah Rathupetsane of Stellenbosch University's Centre for Sustainability Transitions argues that South Africa’s Transmission Development Plan presents an... 


RFA CEO Gavin Kelly
RFA encourages careful study of Transnet network statement to avoid snags
7th January 2025 By: Marleny Arnoldi

Following Transport Minister Barbara Creecy’s approval of the publishing of the Transnet network statement, which facilities open access to South Africa’s rail network by third-party operators, the... 


ArcelorMittal Rail and Structural, pictured, will also be shut when Newcastle closes
No reprieve likely this time after talks on Newcastle mill’s survival fail
6th January 2025 By: Terence Creamer

The failure of a task team established to chart a survival strategy for ArcelorMittal South Africa’s (AMSA’s) Newcastle Works, in KwaZulu-Natal, culminated in the JSE-listed steel group notifying... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA confirms closure of Newcastle Works as it issues profit warning
6th January 2025 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has announced that it will close its long-products business in a move that will affect 3 500 direct and indirect jobs and which is likely to have... 


An Eskom power station and transmission infrastructure
Eskom risk premium falls as turnaround wins over bond investors
20th December 2024 By: Bloomberg

Eskom Holdings’s risk premium is dwindling as a turnaround at South Africa’s State-owned electricity company gathers momentum. The extra yield investors demand to take on the risk of holding the... 


Image of Cyril Ramaphosa
Ramaphosa assents to National Nuclear Regulator Amendment Bill
19th December 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Thursday assented to the National Nuclear Regulator Amendment Bill, which provides for nuclear safety oversight, ranging from the decontamination of defence facilities... 


Power pylons on farmland
South Africa still in ‘foothills of economic recovery’ as fourth-quarter policy uncertainty rises to 65.7
19th December 2024 By: Schalk Burger

South Africa is "still in the foothills of economic recovery" and, while external influences must still be skillfully navigated, the country's future economic performance will hinge mainly on... 


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