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Macro & Micro

Vehicles on an assembly line
GDP grew by 0.4% in the second quarter
3rd September 2024 By: Creamer Media Reporter

South Africa’s GDP increased by 0.4% in the second quarter, with the manufacturing industry having increased by 1.1%, contributing 0.1 of a percentage point to the GDP growth. Six of the ten... 


Sasol CEO Simon Baloyi
Sasol confirms refinements being made to emissions reduction pathway
3rd September 2024 By: Terence Creamer

Energy and chemicals group Sasol has reiterated that its target to reduce its greenhouse-gas (GHG) emissions by 30% by 2030 remains in place, but has also confirmed that it is refining its... 


Rand currency
South Africa asks banks, insurers for consumer education plans
3rd September 2024 By: Bloomberg

A top South Africa regulator is planning to require financial institutions to unveil their plans for boosting spending on customer education as it seeks to improve the lives of consumers in a... 


Reserve Bank Governor Lesetja Kganyago
Sustained low CPI may spur South Africa rate cuts, Kganyago says
2nd September 2024 By: Bloomberg

South Africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, Governor Lesetja Kganyago said. Consumer-price growth was 4.6% in July, the... 


Ministerial criticism on banks should be backed by evidence, urges Mavuso
2nd September 2024 By: Marleny Arnoldi

Business Leadership South Africa (BLSA) CEO Busi Mavuso has expressed concern about a press conference held by Human Settlements Minister Mmamoloko Kubayi last month, saying the Minister... 


Chinese President Xi Jinping & South African President Cyril Ramaphosa
Ramaphosa recommits to political, economic ties with Jinping ahead of China-Africa Summit
2nd September 2024 By: Sashnee Moodley

Ahead of the ninth Forum on China-Africa Cooperation Summit, on Thursday, President Cyril Ramaphosa met with Chinese President Xi Jinping, in Beijing, on Monday, where Ramaphosa reaffirmed South... 


This Begbie facility
Absa PMI records sharp contraction in August
2nd September 2024 By: Marleny Arnoldi

Absa has reported a month-on-month drop of 8.8 points in the seasonally adjusted Purchasing Managers’ Index (PMI) for August to a level of 43.6, which reflects a shift back to contractionary... 


South Africa is losing its trade competitiveness edge
2nd September 2024 By: Schalk Burger

Enormous investments are being made in ports, rail and transport logistics in Southern Africa, as well as more broadly in Africa, including by international companies and consortia. "Global... 


South African energy transition hampered by system modelling expertise shortage – Energy Council
30th August 2024 By: Darren Parker

The Energy Council of South Africa has warned of a shortage of energy system modelling expertise in the country at what it says is a critical time, when complex and important choices need to be... 


Trucks transporting cargo containers at a port in Africa
Regional integration to make products more competitive, but many challenges remain for Africa
30th August 2024 By: Schalk Burger

Better transport and trade infrastructure across Africa will make it quicker and cheaper to transport goods, while lower tariff and non-tariff barriers will reduce the cost of goods and increase... 


Unemployment
SA Statistics Council says it welcomes criticism of 2022 census data
30th August 2024 By: Thabi Shomolekae

South African Statistics Council chairperson Dr Nompumelelo Mbele on Friday welcomed any constructive criticism of the 2022 Population Census statistics and methodology, saying the council viewed... 


Reserve Bank Governor Lesetja Kganyago
South Africa getting to grips with economic reforms, central bank governor says
30th August 2024 By: Reuters

South Africa is getting to grips with reforms that could lift its economic potential, its central-bank governor said on Thursday, adding that success tackling a longstanding power crisis could spur... 


Image of Cyril Ramaphosa
Success of govt, business partnership depends on active engagement – Ramaphosa
28th August 2024 By: Thabi Shomolekae

President Cyril Ramaphosa said on Wednesday that clear communication is crucial for building trust and ensuring that policies are informed by the realities on the ground, assuring that government... 


Namibia aims to finalise sovereign wealth fund in 2025
28th August 2024 By: Reuters

Namibia's government plans to complete the establishment of its sovereign wealth fund in 2025, when it also expects its first offshore oil project to be approved, the southern African country's... 


Uneca discusses reforms to address SOE debt challenges to Africa's growth
27th August 2024 By: Schalk Burger

The United Nations Economic Commission for Africa (Uneca) hosted high-level discussions about tackling the growing challenges of State-owned enterprise (SOE) debt in Africa, highlighting the vital... 


South African food inflation continued to decelerate last month
27th August 2024 By: Rebecca Campbell

South African food and non-alcoholic beverage (NAB) inflation (hereafter to be referred to just as food inflation, for short) decelerated again in July, in year-on-year (y-o-y) terms, to 4.5%, the... 


Free State Agriculture highlights crime along Lesotho border to Free State MECs
27th August 2024 By: Schalk Burger

Agriculture organisation Free State Agriculture (FSA) met with members of the executive council (MECs) in the province to highlight increasing crime affecting communities and farmers on the border... 


Solidarity launches skills bank to boost growth, job creation
Solidarity launches skills bank to boost growth, job creation
27th August 2024 By: Thabi Shomolekae

Trade Union Solidarity on Tuesday pointed out that a precondition for growth and job creation in South Africa is excellent infrastructure and appointing the people with appropriate skills, publicly... 


Nersa has committed to ensuring that all regulatory processes, including public hearings, are followed for the MYPD6 application
Nersa promises ‘utmost transparency’ after confirming receipt of Eskom's MYPD6 submission
27th August 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has confirmed that it received, on August 16, Eskom’s sixth multiyear price determination (MYPD6) revenue application for the 2025/26, 2026/27... 


President Cyril Ramaphosa
Clause posing threat to municipal electricity revenues may be excluded when ERA enters into force
26th August 2024 By: Terence Creamer

President Cyril Ramaphosa has left the door open to excluding a section in the Electricity Regulation Amendment (ERA) Act that could negatively affect the revenues municipalities raise from... 


IFC Africa VP Sérgio Pimenta
IFC confirms eagerness to fund private grid projects in South Africa
26th August 2024 By: Terence Creamer

The International Finance Corporation (IFC) has confirmed that its stands ready to support South Africa’s efforts to facilitate private sector participation in the expansion of the country’s... 


An image of Natasha Moodley
Fostering global success through diversity
23rd August 2024

In the effort to encourage women’s participation in male-dominated sectors of the economy, global engineering consultancy SRK Consulting asserts that it is vital to start with company values that... 


Timeline for inaugural IEP announced as govt sets year-end target for updated IRP
Timeline for inaugural IEP announced as govt sets year-end target for updated IRP
23rd August 2024 By: Terence Creamer

The South African government aims to Gazette an update to the Integrated Resource Plan (IRP) for electricity before the end of the 2024 calendar year and finalise South Africa’s inaugural... 


An image of Maria Jenner
Embracing diversity an ironclad requirement
23rd August 2024 By: Lumkile Nkomfe

To overcome gender-biased stereotypes and preconceptions in the workplace, concerted efforts to embrace diversity and inclusion should be a non-negotiable hallmark of corporate strategy, highlights... 


An image of Oratile Sekele
Transformation integral to development
23rd August 2024 By: Lumkile Nkomfe

Amid the operational challenges of the country’s transport sector, freight forwarding solutions company Tswalanang Logistics highlights the necessity of creating educational opportunities and... 


JUANITA MAREEToday, the rhetoric must move as women progress beyond barriers on the strength of their skill sets
Resilience key to career growth in logistics
23rd August 2024 By: Lumkile Nkomfe

Amid the gender challenges in the freight and logistics sector, Southern African Association of Freight Forwarders (SAAFF) CEO Dr Juanita Maree stresses the importance of women developing a... 


SONJA DE BRUYN Infrastructure projects and partnerships can be integral to enhancing equality, in addition to safe and effective transport infrastructure's facilitating the movement of women, and therefore, assisting in their participation in economic activity
Women’s participation key to economic growth – investment firm
23rd August 2024 By: Lumkile Nkomfe

Efforts to facilitate the greater participation of women in key sectors of the economy, such as the transport sector, are viewed with the utmost importance by women-led investment firm Identity... 


Minister in the Presidency Khumbudzo Ntshavheni
Cabinet committee probing ways to moderate fuel prices set to turn attention to electricity hikes next
22nd August 2024 By: Terence Creamer

Minister in the Presidency Khumbudzo Ntshavheni reports that the Cabinet committee set up to consider interventions to moderate fuel price increases is likely to turn its attention to electricity... 


President Xi Jinping and President Cyril Ramaphosa during the Chinese leader's State visit to South Africa last year
Trade and investment to be key themes of Ramaphosa’s upcoming State visit to China
22nd August 2024 By: Terence Creamer

Trade and investment relations will be key themes during President Cyril Ramaphosa State visit to the People’s Republic of China from September 2 to 5, Minister in The Presidency Khumbudzo... 


National Minimum Wage Commission invites inputs for 2025 determination
21st August 2024 By: Schalk Burger

The National Minimum Wage (NMW) Commission is inviting stakeholders with an interest in the NMW to make a representation of possible adjustments in the policy instrument. The commission is... 


South African Rand currency
South Africa inflation drops sharply, cementing rate cut expectations
21st August 2024 By: Reuters

South Africa's inflation dropped more than expected in July, falling to within touching distance of the central bank's target and cementing analysts' expectations that the bank will cut interest... 


Transport Minister Barbara Creecy
S Africa moving to finalise framework for private sector participation in rail and ports
20th August 2024 By: Bloomberg

South Africa plans to complete a framework for private companies to use State-owned port and rail infrastructure within six months, Transport Minister Barbara Creecy said, a move that could help... 


Sasol CEO Simon Baloyi
Sasol extends gas supply plateau to June 2027 but only as ‘bridge’ to LNG imports
20th August 2024 By: Terence Creamer

Energy and chemicals group Sasol has confirmed a yearlong extension, to June 2027, in its gas supply from southern Mozambique to South African industrial customers, which have been warning of a... 


Risk from Mpox to travellers in SADC remains low – tourism organisation
20th August 2024 By: Schalk Burger

The risk of Mpox transmission in Southern African Development Community (SADC) countries remains lower than in many traveller source markets, and typical tourist activities do not put travellers at... 


There is growing interest from renewables developers to connect projects to the grid
Interest from IPPs aiming to connect renewables to grid surges to 133 GW
19th August 2024 By: Terence Creamer

The latest edition of the South African Renewable Energy Grid Survey points to there being massive and growing interest from developers of solar PV, wind, battery and hybrid plants to connect to... 


Solar PV with powerlines in the background
Wind bids fall well short of BW7 allocation, while PV bids far exceed provision
19th August 2024 By: Terence Creamer

The Independent Power Producer Office (IPPO) has confirmed that 48 onshore wind and solar PV bids with a combined capacity of 10 218 MW have been submitted under Bid Window Seven (BW7) of the... 


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