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Macro & Micro

Eskom power lines
South Africa power-line rollout set to spur bond market revival
11th October 2024 By: Bloomberg

A multibillion-dollar plan to expand South Africa’s electricity transmission network could throw a lifeline to the country’s corporate bond market as it struggles to recover from a post-pandemic... 


Sasol president and CEO Simon Baloyi (centre right) on site with the Msenge Emoyeni Wind Farm team.
69 MW Msenge Emoyeni Wind Farm begins wheeling electricity under contract with Sasol
10th October 2024 By: Terence Creamer

The 69 MW Msenge Emoyeni Wind Farm, located in Bedford in the Eastern Cape, has entered into commercial operation and is wheeling electricity into the national grid helping to green the electricity... 


Manufacturing records contraction in overall output for August
10th October 2024 By: Marleny Arnoldi

Statistics South Africa reports that the country’s manufacturing production decreased by 1.2% year-on-year in August, with the largest negative contributors having been motor vehicles, parts and... 


Rail line
Business sees third-party rail access as crucial to meeting 250Mt volume target
10th October 2024 By: Terence Creamer

An initial assessment by business into what it would involve to raise yearly freight rail volumes to 250-million tons, estimates that Transnet’s recovery alone could lift yearly volumes to about... 


Reserve Bank Governor Lesetja Kganyago
Kganyago sees South African inflation dip creating policy space
10th October 2024 By: Bloomberg

South African Reserve Bank Governor Lesetja Kganyago said inflation could fall below 4% in coming months, creating more room for action after officials cut interest rates in September. ‘We expect... 


Shopping bag with veg and fruit
Steenhuisen vows more targeted approach to resolving food security challenge
10th October 2024 By: Marleny Arnoldi

About 20-million South Africans, or 63% of households, are food insecure, Agriculture Minister John Steenhuisen revealed at the unveiling of the results of the National Food and Nutrition Security... 


DFFE international governance and resource mobilisation chief policy adviser Stuart Mangold; Danish Industries project lead Clara Halvorsen; Danish Industry ESG and sustainability senior adviser Dr Vibeke Huge Rehfeld; Forestry, Fisheries and the Environment Deputy Minister Narend Singh; and Danish Industry CBAM expert Anna Ipsen Nielson
Broad recognition of need for, benefits of, metals industry's transition to a low-carbon pathway, but funding limited
10th October 2024 By: Schalk Burger

Representatives of South Africa's metals and engineering industry and government have emphasised the need to transition the industry to a low-carbon pathway and discussed the benefits this would... 


IEA executive director Fatih Birol
Cost-competitiveness to underpin surge in global renewables roll-out to 2030 - IEA
9th October 2024 By: Terence Creamer

Led by solar PV, renewables are poised to transform electricity systems across the globe this decade, with the world on course to add more than 5 500 GW by 2030, the International Energy Agency’s... 


rural off-grid solar power
$21bn increase in off-grid solar investment needed to facilitate universal energy access
8th October 2024 By: Darren Parker

A $21-billion increase over current investment levels is required to realise the off-grid potential of solar power to contribute to universal energy access, according to the latest ‘Off-Grid Solar... 


Industrial Gas Users’ Association of Southern Africa CEO Jaco Human
Opinion: Non-profit gas aggregation imperative for South Africa
8th October 2024

In this opinion article, Industrial Gas Users’ Association of Southern Africa CEO Jaco Human makes the case for pursuing gas aggregation on a non-profit basis, while also urging Eskom and Sasol to... 


A customer shopping for groceries
South African antitrust body faults grocers over high food costs
8th October 2024 By: Bloomberg

South African food producers and retailers have been slow to pass on the effects of declining cost pressures to cash-strapped consumers, an issue that may warrant further investigation, the... 


Township Retail Investment Summit 2024 held to highlight township retail potential
7th October 2024 By: Schalk Burger

The Township Retail Investment Summit (TRIS) 2024 event, held at Alex Mall, in Gauteng, highlighted the rising importance of township retail as a key driver for the country’s economic future.... 


power station emissions
South Africa’s emissions to peak in 2024, reach decade low in 2030 – report
7th October 2024 By: Darren Parker

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 


joburg
South Africa’s reindustrialisation requires collaboration between multiple sectors
4th October 2024 By: Darren Parker

To achieve reindustrialisation in South Africa, collaboration across industries is crucial, Kearney metals and mining global lead Igor Hulak said during the second day of the Joburg Indaba, in... 


Steel and Engineering Federation of Southern Africa  president Elias Monage
Seifsa president sees new political climate as opportunity to revive metals sector
4th October 2024 By: Terence Creamer

Steel and Engineering Federation of Southern Africa (Seifsa) president Elias Monage has described the establishment of the Government of National Unity (GNU) as an opportunity to revive the metals... 


Eskom Power Station
South Africa fires up diesel turbines to keep power cuts at bay
4th October 2024 By: Bloomberg

Eskom has been using diesel-fuelled auxiliary turbines extensively to stave off power cuts in South Africa following delays in restoring some generation capacity. The utility fired up the units... 


Govt, business set 3% growth target for 2025
Govt, business set 3% growth target for 2025
4th October 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the partnership previously formed between government and business to tackle loadshedding and other crises; the launch of a second phase of this... 


Protests should not come at the cost of economic stability, Busa says as Cosatu strike looms
3rd October 2024 By: Thabi Shomolekae

Business Unity South Africa (Busa) expressed concern over the planned October 7 nationwide protest by the Congress of South African Trade Unions (Cosatu), saying recurring protests, using... 


OEC tank farm
R273m govt-funded Orion tank farm in Gqeberha unveiled
3rd October 2024 By: Darren Parker

The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and... 


Opinion: Danish-South African energy cooperation to unleash just energy transition in grid-ready regions
Opinion: Danish-South African energy cooperation to unleash just energy transition in grid-ready regions
3rd October 2024

South Africa has some of the best resources for wind and solar energy in the world. However, the country battles with grid constraints in areas with higher wind speeds, and little renewable-energy... 


Tellers working at a PnP grocery store
South Africa business activity accelerates in Sept as inflation eases, S&P PMI shows
3rd October 2024 By: Reuters

South Africa's private sector saw an uptick in growth in September, driven by a rise in business activity and a significant cooling of inflationary pressures, a survey by S&P Global showed on... 


South Africa nominates Bajabulile Tshabalala for AfDB president
2nd October 2024 By: Schalk Burger

South Africa’s Cabinet formally endorsed development finance institution the African Development Bank (AfDB) senior VP Bajabulile Swazi Tshabalala as its nominee for the role of president of the... 


Discovery CEO Adrian Gore
South African CEOs see ‘green shoots’ as economic mood improves
2nd October 2024 By: Bloomberg

Sentiment about South Africa has improved since the formation of a coalition government but the nation needs to be cautious about complacency, according to chief executive officers at two of the... 


Gauteng province planning to convert six hostels into 2 000 family units – Kubayi
2nd October 2024 By: Schalk Burger

The Gauteng Department of Human Settlements is undertaking detailed planning for the eradication and conversion of six hostels owned by the provincial department to 2 000 family units, Human... 


Hydrogen storage
Low-emission hydrogen project approvals double, but demand and cost uncertainties weigh
2nd October 2024 By: Terence Creamer

A new International Energy Agency (IEA) report shows that the number of low-emission hydrogen projects to have advanced to a final investment decision (FID) stage doubled over the last 12 months,... 


Deputy President Paul Mashatile
South Africa’s reforms in spotlight as nation woos investors
2nd October 2024 By: Bloomberg

South Africa will need to expedite reforms that can boost economic growth to sustain investor inflows that have flooded in since the formation of a coalition government, according to the world’s... 


Rand Currency
South African rand softens, global markets focus on Middle East tensions
2nd October 2024 By: Reuters

The South African rand weakened slightly against a stable dollar in early trade on Wednesday, as markets worried about rising tensions in the Middle East. At 0803 GMT, the rand traded at 17.3975... 


President Cyril Ramaphosa addressing the relaunch of the partnership between government and business at the IDC's offices in Johannesburg
Growth target of 3% set for 2025 as business and government relaunch partnership under GNU
1st October 2024 By: Terence Creamer

A second phase of the partnership launched between government and business to tackle South Africa’s electricity, logistics and crime crises has been launched under the Government of National Unity... 


Presidential Climate Commission executive director Crispian Olver
Impact of US election outcomes on global climate change efforts ‘overblown’, Olver says
1st October 2024 By: Darren Parker

Fears around what the outcome of the upcoming US Presidential elections will mean for the green energy transition and fight against climate change are somewhat overblown, Presidential Climate... 


Powerlines
Nersa committee recommends licensing of four more traders, batting away Eskom objections
1st October 2024 By: Terence Creamer

The electricity subcommittee of the National Energy Regulator of South Africa (Nersa) has recommended the approval of four more electricity trading licences, dismissing the objections raised by... 


Deputy President Paul Mashatile
South Africa courts UK investors to fund infrastructure plans
1st October 2024 By: Bloomberg

South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector as state officials court investors in the UK.... 


SA SME Fund CEO Ketso Gordhan
R300m fund aims to support 50 tech startups
1st October 2024 By: Terence Creamer

A R300-million ‘seed fund of funds’ aimed at providing early-stage capital to South African startups has been launched with the ambition of funding at least 50 technology-driven enterprises.  The... 


A manufacturing plant in South Africa
Absa PMI back in expansionary territory in Sept
1st October 2024 By: Creamer Media Reporter

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 52.8 points in September, putting it back in expansionary territory after having declined to 43.6 points in August. "The... 


ENERTRAG South Africa CEO Enos Banda
Banda appointed CEO of ENERTRAG South Africa
1st October 2024 By: Terence Creamer

German renewable-energy company ENERTRAG has appointment Enos Banda as the new CEO of South African operations. A lawyer by training, Banda is a well-known personality in the South African energy... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Grid and regulatory hurdles stand in way of Ramokgopa’s ‘ultra-aggressive’ renewables vision
30th September 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa says that government would like to be “ultra-aggressive” in the roll-out of new renewable energy, which he describes as the “future”.... 


UAE firm signs MoU with PIC to advance South Africa’s mining, green energy, transport and logistics sectors
30th September 2024 By: Darren Parker

United Arab Emirates (UAE) diversified natural resources company International Resources Holding (IRH) has signed a memorandum of understanding (MoU) with South Africa's State-owned Public... 


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