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Macro & Micro

US Treasury Secretary Scott Bessent
US Treasury's Bessent to skip G20 meeting in South Africa, sources say
19th February 2025 By: Reuters

US Treasury Secretary Scott Bessent will skip next week's meeting of finance ministers and central bank governors from the Group of 20 major economies in Cape Town, South Africa, three sources... 


The Gamsberg zinc mine
Aveng shares details of Moolmans subsidiary's R10.6bn contract at Gamsberg
19th February 2025 By: Creamer Media Reporter

JSE-listed Aveng confirmed on February 19 that its contract mining subsidiary Moolmans had concluded a new 60-month contract, valued at about R10.6-billion, at the Gamsberg zinc mine, in the... 


Petrol pumps
Treasury plans measures to offset VAT hike - reports
19th February 2025 By: Bloomberg

South Africa’s National Treasury will use a series of measures to offset the impact on the poor from a planned increase in value-added tax, Business Day reported, without citing anyone. The steps... 


Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman
Opinion: Budget 2025 will put to the test government’s commitment to a more sustainable fiscal stance
18th February 2025

In this article, Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman writes about the backdrop against which the 2025 Budget speech is being delivered and the key areas... 


People waiting on a curb for casual work opportunities
Nedbank expects modest improvement in labour market outlook as unemployment rate decreases
18th February 2025 By: Schalk Burger

Financial services provider Nedbank says it expects the labour market outlook to improve modestly going forward as structural constraints ease and cyclical forces become more favourable. Commenting... 


Limes
Inefficient logistics cost citrus industry R5.2bn in the latest season
18th February 2025 By: Marleny Arnoldi

The Bureau for Food and Agricultural Policy (BFAP) has found in an independent study that the citrus industry suffered a R5.2-billion direct and indirect cost owing to inefficient logistics in the... 


spaza shop
Tau announces fund to eliminate foodborne illnesses in township shops
18th February 2025 By: Darren Parker

A fund aimed at addressing challenges linked to foodborne illnesses, particularly in township convenience stores, has been established. This was announced by Trade, Industry and Competition... 


Handshake
African M&A records meaningful deal value increases in 2024
18th February 2025 By: Marleny Arnoldi

Law firm Herbert Smith Freehills (HSF) finds in its latest yearly merger and acquisition (M&A) report that activity in Africa continued on a downward trend in 2024, with a further decrease on the... 


IMF senior resident representative Tidiane Kinda
Economists ponder fiscal consolidation, tax increases ahead of Budget speech  
17th February 2025 By: Tasneem Bulbulia

Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax... 


The NOA Group's 10.1 MW Eland Solar PV plant, in Welkom
NOA Group gearing up to supply wheeled electricity after securing trading licence
17th February 2025 By: Terence Creamer

The trading arm of private energy company NOA is gearing up to supply wheeled renewable electricity to multiple customers in South Africa following the National Energy Regulator of South Africa’s... 


Rand currency
IMF says South Africa needs to reduce debt for faster growth
17th February 2025 By: Bloomberg

South Africa must take bold steps to ease a suffocating debt burden and boost economic growth, said the International Monetary Fund. “What we are recommending is a fiscal adjustment of 1% of gross... 


Handshake
CDE report unpacks practicable actions to support small business growth
17th February 2025 By: Marleny Arnoldi

Given the stagnation of the small business sector and a government riddled with deficiencies and inefficiencies, the time has come to hand the reins to the private sector and let markets shape the... 


truck loaded with building aggregates
Afrimat notes some improvement in conditions following tough first-half
17th February 2025 By: Darren Parker

JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025... 


Business Leadership South Africa CEO Busi Mavuso
Budget should include mention of public debt reduction, PPPs – Mavuso
17th February 2025 By: Marleny Arnoldi

The forthcoming Budget Speech, on February 19, will be a test of the Government of National Unity’s ability to set coherent spending priorities that put the country ahead of party politics, says... 


President Cyril Ramaphosa
Ramaphosa highlights strides made with infrastructure development, commits to more
17th February 2025 By: Marleny Arnoldi

President Cyril Ramaphosa says South Africa’s infrastructure build programme will play an increasingly prominent role as government continues to advance structural reforms in the country for an... 


Image of Dan Marokane
Eskom working to end years of governance failings, CEO and chairperson assure
14th February 2025 By: Thabi Shomolekae

Eskom CEO Dan Marokane assures that the State-owned utility is applying the same effort to end years of governance and accountability failings, as it did to end loadshedding. This came amid the... 


electricity pylons at sunset
Mashava assures that City Power is reviewing yearly tariffs
14th February 2025 By: Darren Parker

Johannesburg electricity utility City Power CEO Tshifularo Mashava has assured business customers in the city that the entity is working on reviewing the yearly electricity tariffs to cushion... 


AU creates rating agency to tackle bias, unlock funds
14th February 2025 By: Bloomberg

Africa unveiled its own credit rating company to address concerns that evaluations by global agencies carry a costly bias against the continent. “Global credit rating agencies have not only dealt... 


Wesgro CEO Wrenelle Stander
Western Cape seeks to deepen economic ties with the EU
14th February 2025 By: Rebecca Campbell

Western Cape provincial trade, tourism and investment promotion agency Wesgro has highlighted its latest EU Trade and Investment Breakfast, which took place on Tuesday. This was arranged in... 


Trump's actions high on the agenda during SoNA debate
Trump's actions high on the agenda during SoNA debate
14th February 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses this week's State of the Nation Address debate, which was heavily influenced by an executive order signed by US President Donald Trump; President... 


An image of Liz Hart
Event highlights opportunity to transform
14th February 2025 By: Lumkile Nkomfe

With a rapidly expanding population and increasing urbanisation, Africa’s energy demand is projected to soar, requiring innovative solutions, sustainable practices and significant investments to... 


An image of Zenzile Rasmeni Masipa
Centre endorses transition towards sustainable systems
14th February 2025 By: Lumkile Nkomfe

As Africa looks to the future, the transition to sustainable energy represents both a challenge and an opportunity, highlights national industry support programme the National Cleaner Production... 


An image of Andre Nepgen
Firm underscores continent’s suitability for renewable energy
14th February 2025 By: Lumkile Nkomfe

Africa is well positioned to improve its energy security, owing to its high solar radiation factor, highlights renewable-energy business platform Discovery Green. The company says the continent’s... 


An image of Rod Crompton
Adaptation key to sustainability – expert
14th February 2025 By: Lumkile Nkomfe

The long-established practice of extracting fossil fuels and subsidising the industries associated with it, as well as institutional and regulatory drag, pose real threats to technological progress... 


An image of Prashaen REddy
Tech integration boosting competitiveness
14th February 2025 By: Lumkile Nkomfe

In noting the proliferation of technologies such as AI, Big Data, the Internet of Things (IoT) and digital twins in business operations across Africa, global management consulting firm Kearney says... 


President Cyril Ramaphosa
Forced removals will never again be allowed, Ramaphosa insists as Trump’s order places spotlight on land rights
13th February 2025 By: Terence Creamer

President Cyril Ramaphosa insists that South Africans know the pain of forced removals and will, thus, never again allow land to be confiscated – a position that he said was enshrined in the... 


Silhouette of construction workers on construction site at sunset
Nedbank report shows sharpest increase in fixed investment plans since 2021
13th February 2025 By: Darren Parker

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Soon to be launched grid-funding instrument can be private participation template for all SoEs – Ramokgopa
13th February 2025 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa says the private sector participation framework being developed for the transmission sector will be unveiled within five weeks, while... 


Farm fields
BFAP commends agriculture sector for having sustained growth over three decades
12th February 2025 By: Marleny Arnoldi

From heavy government intervention leading up to South Africa’s first democratic elections in 1994, through two financial crises and other macroeconomic challenges, the agriculture sector has still... 


notepad with graph
Sacci says January BCI indicates improved business climate
12th February 2025 By: Marleny Arnoldi

The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) decreased to 120 index points in January, from 121 in December, but indicates an improved business... 


Nedbank Commercial Banking planning and management executive head Herman de Kock
Nedbank launches more sophisticated banking instruments, advice for mid-corporate companies
12th February 2025 By: Marleny Arnoldi

Financial institution Nedbank has expanded its banking and advisory offerings to mid-corporate-sized businesses to help realise more growth in this key sector of the economy. Nedbank Commercial... 


Reserve Bank Governor Lesetja Kganyago
South Africa set to lower inflation target in 2026, poll shows
12th February 2025 By: Bloomberg

South Africa will probably wait until next year to lower its inflation target to address more pressing issues such as weak economic growth and fiscal consolidation, according to a survey of... 


 Telkom CEO Serame Taukobong
Opinion: Our pride in being South African is the glue that holds us together
12th February 2025

In this article, Telkom CEO Serame Taukobong highlights the encouraging upward trend in social cohesion and the role national pride plays in uniting South Africans despite our differences. 


Democratic Alliance leader John Steenhuisen
Steenhuisen urges unity in face of ‘new threat’ from US, while calling for changes to expropriation law and equity rules
11th February 2025 By: Terence Creamer

Democratic Alliance leader John Steenhuisen has called on the country to unite in the face of a “new threat” of possible US tariffs and even sanctions, following a rapid deterioration in relations... 


Public Works and Infrastructure Minister Dean Macpherson
Macpherson voices his approval of PPP regulatory easements
11th February 2025 By: Darren Parker

Public Works and Infrastructure Minister Dean Macpherson has stated his approval of Finance Minister Enoch Godongwana’s amendments to Section 16 of the Public Finance Management Act, which will... 


December manufacturing production down 1.2% y/y, Stats SA reports
11th February 2025 By: Darren Parker

South Africa’s manufacturing production decreased by 1.2% year-on-year in December, according to a report by Statistics South Africa (Stats SA) released on February 11. The largest negative... 


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