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Macro & Micro

A handbag made from old denim
Woolworths launches in-store denim recycling initiative
30th September 2024 By: Schalk Burger

Food and clothing retailer Woolworths has launched a Denim Drop-Off programme, which will result in donated denim being collected at designated clothing bins located at Woolworths fashion shop till... 


Iron-ore being railed to port
Large-scale infrastructure concessions needed to drive logistics competitiveness
30th September 2024 By: Schalk Burger

State-owned logistics agency Transnet has taken tentative steps towards limited engagement with the private sector, but there should be large-scale concessions of port and rail capacity to drive... 


Deputy President Paul Mashatile
Mashatile sees South Africa's growth accelerating in 2025
30th September 2024 By: Bloomberg

Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new coalition government focuses on investing in... 


Image of Dr Leon Schreiber
Schreiber unveils Home Affairs’ plans to 'restore integrity' to SA's national security
30th September 2024 By: Thabi Shomolekae

In marking 100 days in office for the Government of National Unity, Home Affairs Minister Dr Leon Schreiber highlighted that over the next five years all the department’s services must become fully... 


One of PPC's South African manufacturing plants
PPC reports continued decline in revenue from March to July
30th September 2024 By: Darren Parker

JSE-listed cement company PPC has reported a 2.1% decline in revenue for the four months ended July 31, compared with the same period last year. The decline follows PPC’s recent efforts to... 


Amazon launches Shop Mzansi storefront to support local products
27th September 2024 By: Darren Parker

Online retailer Amazon.co.za has launched ‘Shop Mzansi’ – a curated storefront on Amazon.co.za showcasing unique local products that reflect South Africa’s diverse cultures. Shop Mzansi features... 


eggs
First Egg Master Plan project hatched in Gauteng West Rand
27th September 2024 By: Darren Parker

Gauteng Agriculture and Rural Development MEC Vuyiswa Ramokgopa has launched the first Egg Master Plan project, the Shumbaset egg packing station, in the Gauteng West Rand. The project will involve... 


OPEC Fund offices
OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar
27th September 2024 By: Darren Parker

The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost support for... 


Government Communication and Information System Acting Director-General Nomonde Mnukwa
Economy starting to show improvement with marginal employment growth – Govt
27th September 2024 By: Sashnee Moodley

Government has welcomed the marginal employment growth of 0.4% from 10 674 000 in March to 10 716 000 in June, saying this indicated its commitment to working with social partners to stabilise the... 


A generic image of a car manufacturing assembly line
Increased local content, skills transfer attainable targets
27th September 2024 By: Lumkile Nkomfe

The Nedbank Manufacturing Roundtable, held on July 11, in Johannesburg, has highlighted the imperative of greater localisation opportunities and the need to facilitate comprehensive skills transfer... 


An image of Amith Singh
Localisation key to unlocking potential
27th September 2024 By: Lumkile Nkomfe

Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing... 


An image of Beth Dealtry
Push to increase component volumes gains impetus – NAACAM
27th September 2024 By: Lumkile Nkomfe

The National Association of Automotive Component and Allied Manufacturers (NAACAM) says the local production of automotive components must increase to foster sustainable economic growth. While the... 


Rand currency
South Africa household wealth rises to highest level in a year
26th September 2024 By: Bloomberg

South Africa’s household wealth rose in the second quarter as an increase in the market value of their assets outstripped that of their liabilities — in part due to a strong stock market rally, the... 


The SA Reserve Bank logo on a white background
South Africa's FDI inflows slow in second quarter, central bank says
26th September 2024 By: Reuters

South Africa recorded foreign direct investment inflows of R16.6-billion in the second quarter of 2024, down from R24.4-billion rand in the first quarter, central bank data showed on Thursday. The... 


Barloworld group CEO Dominic Sewela
Barloworld characterises 11-month performance as ‘resilient’ despite overall decline
26th September 2024 By: Darren Parker

Diversified industrial company Barloworld has reported a 7.4% decline in group revenue from R40.4-billion to R37.4-billion for the 11 months ended August 31, compared with the same period last... 


Public Works and Infrastructure Minister Dean Macpherson
Macpherson, AGSA commit to working together to iron out DPWI financial mismanagement
25th September 2024 By: Darren Parker

Following a meeting between Public Works and Infrastructure Minister Dean Macpherson and the Auditor-General of South Africa (AGSA) on September 25, the two parties have committed to working... 


railway tracks
AFC signs concession agreements with Angola, Zambia to advance Lobito rail project
25th September 2024 By: Darren Parker

Infrastructure financier Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the... 


Industrial Gas Users Association of Southern Africa executive officer Jaco Human
Don’t conflate Eskom-Sasol bilateral on LNG with ‘national strategy’ needed to avert gas cliff – IGUA-SA
25th September 2024 By: Terence Creamer

The Industrial Gas Users Association of Southern Africa (IGUA-SA) has welcomed the attention that South Africa’s impending “gas cliff” is finally enjoying from government through Electricity and... 


Civil confidence index reaches eight-year high in the third quarter
25th September 2024 By: Darren Parker

After having slipped to 44 in the second quarter of this year, the FNB/Bureau for Economic Research (BER) Civil Confidence Index reached an eight-year high of 50 in the third quarter. According to... 


World leaders call for investment in clean energy, developing nations seek help
25th September 2024 By: Reuters

World leaders on Tuesday called for far more investment in renewable energy to tackle climate change, with developing nations saying they need financial support to make the transition. Speaking at... 


Solar PV
Next round of NDC’s critical test for meeting renewables-tripling goal – IEA
24th September 2024 By: Terence Creamer

The next round of Nationally Determined Contributions (NDCs) will be a critical test for the implementation of the COP28 pledge, made by nearly 200 countries in the United Arab Emirates last year,... 


ArcelorMittal South Africa CEO Kobus Verster says there is more positive outlook for the country.
South Africa’s coalition government triggers wave of investment
23rd September 2024 By: Bloomberg

The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest... 


Reserve Bank Governor Lesetja Kganyago
Economists split on how deep South Africa’s easing cycle will be
20th September 2024 By: Bloomberg

South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis point start to the easing cycle, despite the Federal... 


Rooivalk helicopter
Defence industry CEO calls for PPPs to fund SANDF projects
20th September 2024 By: Darren Parker

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 


Rand currency
South African rand cools after strong gains in data-filled week
20th September 2024 By: Reuters

The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the US Federal Reserve and the South African Reserve Bank... 


Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 By: Bloomberg

South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible for economic-growth enhancing structural reforms... 


A generic image of air conditioning products
Company outlines plans to provide stable cooling solutions
20th September 2024

Energy technology provider Midea used its Nigeria offline dealer conference on August 23 to unveil its plans and preparations to launch its latest split-type inverter air conditioner, UNICOOL, from... 


A generic image of air conditioning products
Company highlights vital role of air conditioning in hospitals
20th September 2024

Electronics company LG Electronics South Africa has outlined the key role of air-conditioning systems within healthcare facilities in ensuring that patient well-being extends far beyond medical... 


A generic image of industrial equipment
Uptick in demand for HVAC systems by OEM sector
20th September 2024

There has been a noticeable uptick in demand for the locally manufactured Booyco heating, ventilation and air-conditioning (HVAC) systems by South Africa’s original-equipment manufacturers (OEM),... 


An image of Dawie Kriel
Potential of industrial refrigeration service model emphasised
20th September 2024

Energy company Energy Partners has outlined the innovative potential of Cooling-as-a-Service (CaaS) agreements within the industrial refrigeration landscape to catalyse developments in operational... 


A generic image of air-conditioning systems
Governing framework adherence key to HVAC-R development
20th September 2024 By: Lumkile Nkomfe

Contractor association the South African Refrigeration and Air Conditioning Contractors Association (Saracca) highlights the imperative of setting fair and feasible governing standards to establish... 


Reserve Bank governor Lesetja Kganyago
SARB joins easing club with 25 basis point rate cut
19th September 2024 By: Reuters

South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the midpoint of its target range as far out... 


RMB infrastructure sector solutions head Judy Kobus
RMB funded renewables projects worth R50bn last year and is gearing up for private grid prospects
19th September 2024 By: Terence Creamer

Corporate and investment bank RMB reports that it financed renewable-energy investments worth R50-billion over the past year and is expecting ongoing high levels of renewables funding this year,... 


A person holding new ZiG banknotes
Zimbabwe's new currency faces headwinds five months on
19th September 2024 By: Reuters

Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's plan to make it the only currency... 


SARB Governor Lesetja Kganyago
South Africa seen sticking to modest rate cut despite Fed cut
19th September 2024 By: Bloomberg

The South African Reserve Bank (SARB) will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on... 


South African banknotes
Rand gains with SARB poised for first rate cut in four years
19th September 2024 By: Bloomberg

The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020. The currency strengthened... 


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Sector News

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Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

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