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Macro & Micro

ARC Investments increases INAV a share by 8.5% on new investments, fair value gains
16th September 2024 By: Schalk Burger

JSE-listed investment holding company African Rainbow Capital (ARC) Investments increased its intrinsic net asset value (INAV) per share by 8.5% to R12.38 a share during its financial year to the... 


SME confidence holds firm in the second quarter
16th September 2024 By: Schalk Burger

Small and medium-sized enterprises (SMEs) have maintained their confidence in the future, despite persistent challenges and uncertainty, the SME Confidence Index for the second quarter shows. SMEs... 


beer in glass mug with foam
SAB reiterates calls for revised approach to excessive beer excise tax increases
16th September 2024 By: Darren Parker

Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South... 


JSE banner
JSE continues driving growth for SMEs
16th September 2024 By: Marleny Arnoldi

Reflecting on the success of its Small and Medium Enterprise (SME) Rise initiatives, the JSE says the SME sector remains the backbone of South Africa’s economy. The stock exchange hosted an event... 


Home Affairs Minister Leon Schreiber
South Africa’s work visa reform plans slowed by tax issues
16th September 2024 By: Bloomberg

South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad visa for remote workers has been slowed by the need to amend tax... 


BLSA CEO Busi Mavuso
Review of dtic entities can boost business environment, says BLSA
16th September 2024 By: Schalk Burger

Business Leadership South Africa (BLSA) is encouraged by the quick steps taken by new Trade, Industry and Competition Minister Parks Tau to engage with business to ensure open channels of... 


A truck transporting containers
Manufacturing confidence holds steady amid persisting headwinds – Absa
16th September 2024 By: Schalk Burger

Confidence levels among local manufacturers held steady at 28 points during the third quarter, driven mainly by their optimism regarding policy direction after a peaceful election and the formation... 


Powerlines
Bezos-backed group to prepare South African grids for investment
16th September 2024 By: Bloomberg

A global organisation backed by Amazon Founder Jeff Bezos’ climate and biodiversity fund said it’s setting up a programme to attract investment into South African municipal power grids, which need... 


New Sasol chairperson Muriel Dube
Sasol appoints Dube as new chair as sustainability pressures rise
16th September 2024 By: Terence Creamer

JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson following the resignation of Sipho Nkosi from the position in... 


BRICS Business Council working groups offer updates on work in the year-to-date
13th September 2024 By: Darren Parker

The BRICS Business Council has provided an update on its work thus far this year, reflecting on progress made and the challenges posed by the inclusion of Egypt, Ethiopia, Iran and the United Arab... 


South Africa says reform agenda in progress after Fitch affirms ratings
13th September 2024 By: Reuters

South Africa's National Treasury said on Friday its plan to reduce expenditure and raise revenue, while implementing critical reforms, was in progress after credit rating agency Fitch affirmed its... 


Pravin Gordhan
Tributes pour in for Pravin Gordhan
13th September 2024 By: Thabi Shomolekae

Fellow politicians and others on Friday expressed their deepest condolences on the passing of former Minister of Public Enterprises and South African Revenue Service Commissioner Pravin Gordhan.... 


Pravin Gordhan
Pravin Gordhan dies at 75
13th September 2024 By: Bloomberg

Pravin Gordhan, who held three positions in South Africa’s cabinet and won plaudits for standing up to Jacob Zuma during his scandal-marred presidency, has died. He was 75. Gordhan died in hospital... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa speaking at the nuclear summit
Ramokgopa to seek advice from team of experts before taking next nuclear steps
12th September 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa is assembling a committee of experts to advise him on the role that nuclear could play in South Africa’s future supply before issuing a new... 


Consumers
South African inflation expectations fall again in Q3
12th September 2024 By: Reuters

South African analysts, business people and trade unions further lowered their inflation expectations in the third quarter of this year, bringing them closer to the level targeted by the central... 


South Africans pull R4.1bn from pension funds in 10 days since reform took effect
12th September 2024 By: Reuters

South Africans asked to withdraw R4.1-billion from their pension funds in the first ten days after a reform took effect on September 1 allowing fund members to make partial withdrawals before... 


Struggling miners put the brakes on South Africa’s stock rally
12th September 2024 By: Bloomberg

South African stocks have their noses in front of emerging-market peers, but glum news from China threatens to weigh on the key mining sector and stymie that outperformance. Johannesburg’s main... 


European Investment Bank VP Ambroise Fayolle
EIB, DBSA increase funding for private renewables projects to R11.9bn
11th September 2024 By: Terence Creamer

The European Investment Bank (EIB) has approved another €100-million (R1.98-billion) loan in support of the Development Bank of Southern Africa’s (DBSA’s) Embedded Generation Investment Programme,... 


Notable surge in trade expectations in August – Sacci
11th September 2024 By: Schalk Burger

The political broadening of governance has led to the encouragement of expectations in the trade environment, the South African Chamber of Commerce and Industry (Sacci) says. Although there remain... 


South Africa rejects civil-servant pay demand, offers 3% raise
11th September 2024 By: Bloomberg

The South African government rejected a demand by public-sector workers for a 12% pay increase, saying it’s unaffordable. Instead, the state offered a 3% raise, Frikkie de Bruin, general secretary... 


Major UIF service points to extend operating hours, open on Saturdays in Sept
11th September 2024 By: Schalk Burger

Some Unemployment Insurance Fund (UIF) service points will be open on Saturdays and from 07:30 to 16:00 on weekdays to render services to clients and employers during September to cater for an... 


National Treasury Official Ismail Momoniat
South Africa may exit dirty-money list by October 2025, Treasury official says
11th September 2024 By: Bloomberg

South Africa should address outstanding shortcomings in tackling illicit financial flows to exit a global dirty-money list by either June or October next year, provided there’s no surprises,... 


Transport Minister Barbara Creecy
National roads need over R307-billion of repairs
10th September 2024 By: Bloomberg

South Africa, which already faces a heavy bill to upgrade its port, rail and electricity infrastructure, needs R307-billion to repair and improve its sprawling national road system. The South... 


European Commissioner for Energy Kadri Simson at a briefing in Pretoria
R628m in EU grants to support South Africa’s goal of building green-hydrogen ecosystem
9th September 2024 By: Terence Creamer

The EU has announced R628-million (€32-million) in grant funding to support the development of South Africa’s nascent green-hydrogen industry, as well as to facilitate net-zero-related investments... 


Image of Cyril Ramaphosa and  Xi Jinping
Ramaphosa says China’s tech capabilities can support Africa’s industrialisation
9th September 2024 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that relations between South Africa and China has entered “a new era of opportunity”, following his visit to China, which he said has strengthened trade... 


Business Unity South Africa CEO Cas Coovadia
Business calls for soul searching on Nedlac’s future amid big socio-economic shifts
6th September 2024 By: Terence Creamer

While reaffirming its commitment to the National Economic Development and Labour Council (Nedlac), organised business has again questioned whether the structure’s current composition and... 


Image of Themba Maseko
Wits’ Themba Maseko doubts embattled Justice Minister will ensure whistleblower protection
6th September 2024 By: Thabi Shomolekae

University of the Witwatersrand School of Governance head and whistleblower Themba Maseko said he is not confident that newly appointed Minister of Justice Thembi Simelane will be able to move... 


Image of Kgalema Motlanthe
Kgalema Motlanthe says addressing corruption requires a multifaceted approach
6th September 2024 By: Thabi Shomolekae

Former President Kgalema Motlanthe pointed out on Friday that mapping out a future that is free from corruption requires a “deliberate and tactical” approach to ensure a robust rule of law, ethical... 


TFR locomotives
Private train operators could access Transnet's rail network by April 2025, says business development exec
5th September 2024 By: Schalk Burger

State-owned Transnet Group chief business development officer Yolisa Kani has said calls for applications for private train operators wanting to access the freight rail network are likely to open... 


Metair boasts resilience amid tough first-half market conditions
5th September 2024 By: Darren Parker

In an operational update to shareholders for the six months ended June 30, JSE-listed Metair Investments has said its business verticals demonstrated resilience despite the challenging operating... 


GoSolr CEO Andrew Middleton
Financial savings displacing loadshedding as main driver of residential solar market
5th September 2024 By: Terence Creamer

The South African market drivers for residential, commercial and industrial solar PV and battery installations have started shifting towards cost savings from security of supply as loadshedding... 


Busa CEO Cas Coovadia
Busa calls out govt for failing to hold ‘structured’ NHI discussions
5th September 2024 By: Thabi Shomolekae

Industry body Business Unity South Africa on Thursday expressed disappointment that despite commitments by the government to engage on the National Health Insurance Act, structured discussions have... 


A view of the Pretoria skyline
South Africa's current account deficit narrows again in second quarter
5th September 2024 By: Reuters

South Africa's current account deficit narrowed in the second quarter, to 0.9% of gross domestic product from 1.5% of GDP in the first quarter, central bank data showed on Thursday. In rand terms... 


Image of Cyril Ramaphosa
African countries, China driven by desire to achieve shared prosperity – Ramaphosa
5th September 2024 By: Thabi Shomolekae

President Cyril Rampahosa said on Thursday if African countries and China are to build a future that is people-centred, development-orientated and inclusive, they will need to work in a spirit of... 


Chinese President Xi Jinping
China offers Africa $51-billion in fresh funding, promises a million jobs
5th September 2024 By: Reuters

President Xi Jinping pledged on Thursday to step up China's support to the world's fastest-growing continent with funding of nearly $51-billion, backing for more infrastructure initiatives and a... 


IMF says South Africa needs ambitious fiscal consolidation
4th September 2024 By: Reuters

The International Monetary Fund said on Wednesday that South Africa needed to pursue ambitious fiscal consolidation to restore the sustainability of its public finances. "Durable expenditure-based... 


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Magazine round up | 13 December 2024
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