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Macro & Micro

The Johannesburg CBD
After third round of municipal wage negotiations, parties to consider 6% wage increase
19th August 2024 By: Schalk Burger

The South African Local Government Association (Salga) and organised labour have concluded a third round of salary and wage negotiations, with the facilitators’ proposal of a 6% wage increase now... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa withdraws 2.5 GW nuclear-procurement determination citing lack of public consultation
16th August 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has withdrawn a Ministerial determination for the procurement of 2 500 MW of new nuclear capacity, which was being contested legally, having... 


Necom's focus, Transnet's recovery and the future of Operation Vulindlela make headlines
Necom's focus, Transnet's recovery and the future of Operation Vulindlela make headlines
16th August 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses some of the key outcomes of the first meeting between Cabinet member and business leaders since the formation of the Government of National Unity.   


Image of Cas Coovadia
Second Presidential Health Compact postponed as Busa lodges objection with President  
14th August 2024 By: Thabi Shomolekae

The Presidency announced the postponement of the signing of the Second Presidential Health Compact to August 22, with Business Unity South Africa (Busa) stating its objection to the Compact. The... 


Rand currency
S Africa urged to lift growth as business confidence rises
14th August 2024 By: Bloomberg

South Africa’s new multi-party government has an opportunity to boost economic growth and investment, the country’s Chamber of Commerce said, as it announced a slight recovery in business... 


Energy Council of South Africa CEO James Mackay
‘Necom 2.0’ to focus on system-wide constraints to electricity security and affordability
14th August 2024 By: Terence Creamer

Amid waning loadshedding, government and business have agreed to begin “repurposing” the National Energy Crisis Committee (Necom) to shift focus from interventions aimed at arresting the... 


Power lines
Rising prices are deepening the electricity divide in South Africa
14th August 2024 By: Bloomberg

Late last year, residents of Yeoville and Bellevue — crumbling inner city areas of Johannesburg — went without power for four weeks after a 63-year-old cable broke. For several months after, power... 


diverse women on mine site
Over-subsidisation compensating for industrial policy failures, economist says
13th August 2024 By: Darren Parker

Trade and Industrial Policy Strategies (TIPS) senior economist Nokwanda Maseko has complained that the State is overcompensating and providing too many subsidies to make up for industrial policy's... 


Deputy Finance Minister David Masondo
DBSA urged to play leading role in fixing municipalities during next phase of Operation Vulindlela
13th August 2024 By: Terence Creamer

Deputy Finance Minister David Masondo has called on the Development Bank of Southern Africa (DBSA), which is a major lender to local government, to play a leading role in supporting the Government... 


People waiting for transport
Unemployment rate worsens to 33.5% in the second quarter
13th August 2024 By: Creamer Media Reporter

South Africa's unemployment rate worsened by 0.6 of a percentage point to 33.5% in the second quarter, from 32.9% in the first quarter. The expanded unemployment rate, which includes discouraged... 


An image of Xpatweb MD Marisa Jacobs and Home Affairs Minister Dr Leon Schreiber
Home Affairs aiming to clear visa backlog by December – Minister
12th August 2024 By: Tasneem Bulbulia

Home Affairs Minister Dr Leon Schreiber is confident that the department will be able to clear the 300 000-plus visa backlog by December, as he looks to tackle key issues facing the entity and... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Expanded pilot project planned to help munis pay Eskom as arrear debt continues to rise
12th August 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa reports that a new pilot project is being prepared to further “stress test” an initiative aimed at ensuring that municipalities settle their... 


JSE CEO Leila Fourie
Private placements, carbon seen by JSE as African growth route
12th August 2024 By: Bloomberg

JSE, which operates Africa’s biggest stock and bond exchanges, is looking to expand its private placement and carbon offset platforms across the continent. The JSE Private Placements platform,... 


Afreximbank Global Trade Bank EVP Haytham ElMaayergi 0824
Afreximbank will double intra-African trade financing to $40bn by 2026
12th August 2024 By: Schalk Burger

Trade finance institution the African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from $20-billion in 2021 to $40-billion by 2026, Afreximbank Global Trade... 


A truck transporting containers
South Africa must focus on export competitiveness – Mavuso
12th August 2024 By: Schalk Burger

South Africa must develop industrial policies that build the international competitiveness of its export industries, including by enabling small businesses that could be exporting much more,... 


Aveng expects to deliver earnings per share profit at financial close
12th August 2024 By: Darren Parker

Construction and mining group Aveng has alerted shareholders that they can expect an earnings a share and headline earnings a share profit for the financial year ended June 30, compared with the... 


sasol secunda
Impairments to push Sasol into a net loss
12th August 2024 By: Darren Parker

JSE-listed energy company Sasol has reported that its financial results for the year ended June 30 were negatively impacted on by challenging market conditions, including continued pressure from... 


Electricity lines
South Africa battles to fund vital grid upgrade for green energy
12th August 2024 By: Reuters

South Africa's plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding investors to lend the necessary $21-billion to a near-bankrupt... 


trucks at komati poort border post
Pulse report shows marked improvement in major road corridors
8th August 2024 By: Darren Parker

The newly launched National Logistics Crisis Committee (NLCC) 'Pulse' report has so far shown a general year-on-year improvement in terms of the movement of heavy motor vehicles (HMVs) along the... 


Oranges
Cabinet questions EU citrus restrictions as South Africa moves ahead with formal WTO dispute
8th August 2024 By: Terence Creamer

Cabinet has questioned the imposition by the European Union (EU) of what it describes as “stringent” restrictions on South Africa’s citrus exports, which are now the subject of a formal dispute... 


Rand currency
South Africa needs more political will to exit dirty-money list
8th August 2024 By: Bloomberg

South Africa needs decisive political buy-in to ensure its exit from a global dirty-money watch list by a June deadline, a top official at the nation’s financial regulator said. Finance Minister... 


JSE CEO Dr Leila Fourie
JSE's first-half operating income up 4% y/y
7th August 2024 By: Schalk Burger

Local bourse the JSE reported 4.2% growth in operating income underpinned by increasingly diversified revenue streams in its half-year results to June 30. Its diversified business segments' and... 


Business Leadership South Africa CEO Busisiwe Mavuso
South African firms seek water investments to avoid next crisis
7th August 2024 By: Bloomberg

South African corporates — which have partnered with the government to revive failing transport and energy networks — are in talks with the state to deal with water availability, which the head of... 


Head of the Project Management Office in the Presidency Rudi Dicks
$613m in JET-IP grants have been allocated to projects, Presidency reports
7th August 2024 By: Terence Creamer

The Presidency has released new details showing that $613-million of the $821-million in grants pledged to support South Africa’s Just Energy Transition Investment Plan (JET-IP) have now been... 


Currency Rand
South Africa growth at risk without infrastructure fix, S&P says
7th August 2024 By: Bloomberg

South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P Global Market Intelligence. These challenges have... 


President Cyril Ramaphosa
South Africa moves to implement national health bill despite resistance
7th August 2024 By: Reuters

South Africa is moving ahead with implementation of the National Health Insurance bill, President Cyril Ramaphosa said, despite strong opposition from within and outside government. The NHI aims to... 


Powerlines
Securing ringfenced revenue for NTCSA seen as key first step for tackling R390bn grid backlog
6th August 2024 By: Terence Creamer

Ringfencing revenue for the National Transmission Company South Africa (NTCSA) is regarded as a crucial short-term step for ensuring that the newly operationalised Eskom Holdings subsidiary is... 


RMB chief economist Isaah Mhlanga
Poor social development threatens South Africa’s economic sustainability, report shows
6th August 2024 By: Darren Parker

Persistently high youth unemployment rates and some of the highest levels of inequality globally have led financial institution Rand Merchant Bank (RMB) to rank South Africa twenty-ninth out of 31... 


The Johannesburg skyline
Africa’s richest city needs R221bn to fix infrastructure
6th August 2024 By: Bloomberg

Johannesburg, billed as Africa’s richest city because of its concentration of businesses and millionaires, needs R221-billion to catch up on maintenance and overdue upgrades across its collapsing... 


The Port of Cape Town
South Africa business activity contracts again in July, S&P Global PMI shows
5th August 2024 By: Reuters

South African private sector activity remained subdued in July amid weaker sales and increased supply-side pressures, a survey showed on Monday. The S&P Global South Africa Purchasing Managers'... 


scrap metal
Artificial demand creating ‘precarious’ scrap market conditions, commentator warns
5th August 2024 By: Darren Parker

South Africa's scrap metal sector is overinvested, international trade consultancy XA Global Trade Advisors director Donald Mackay says. "I think we've got a very weird situation, as scrap metal... 


Minister of Mineral and Petroleum Resources Gwede Mantashe
South Africa still owns highly enriched uranium, report says
2nd August 2024 By: Bloomberg

South Africa still has a stockpile of highly enriched uranium, Netwerk24 reported, citing Minister of Mineral and Petroleum Resources Gwede Mantashe. The nation declared its holdings of the nuclear... 


SIMEON TASSEV
Cybersecurity firms play a vital role in supporting real estate companies
Company encourages strengthening cybersecurity in real estate
2nd August 2024 By: Simone Liedtke

As digitalisation continues to transform industries, the real estate sector has to deal with significant changes in how it manages and protects information, especially with the transition from... 


Magazine cover image
SA’s automotive prospects clouded by high taxes and exports risks
2nd August 2024 By: Darren Parker

The importance of export growth as an automotive industry strategy is crucial to mitigate the numerous risks associated with South Africa's low growth environment. "We see export growth as a really... 


Workers laying bricks
Resolving SMME challenges go beyond supportive policy, TIPS Forum finds
1st August 2024 By: Marleny Arnoldi

The yearly Trade & Industry Policy Strategies (TIPS) Forum featured a discussion on the most prominent barriers to entry for small, medium-sized and microenterprises (SMMEs) as small business... 


National Treasury Director-General Dr Duncan Pieterse
Treasury reflects on structural reform progress, assures more is to come
1st August 2024 By: Marleny Arnoldi

The new administration intends to continue implementing structural reforms to improve productivity and competitiveness in the economy, National Treasury director-general Dr Duncan Pieterse has... 


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