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Budget

Eskom power lines
No immediate Eskom debt solution, as Minister outlines ‘tough love’ stance on SOEs
11th November 2021 By: Terence Creamer

Finance Minister Enoch Godongwana offered no new insight in his maiden address to lawmakers into how government intended approaching the issue of Eskom’s R400-billion debt burden, which has been... 


Agri SA hopes MTBPS will help address structural, SOE challenges
10th November 2021 By: Schalk Burger

Agricultural industry organisation Agri SA says the Medium Term Budget Policy Statement (MTBPS) to be delivered by Finance Minister Enoch Godongwana on November 11 should address structural... 


R1.5bn allocated to assist businesses affected by July civil unrest
20th October 2021 By: Donna Slater

Money pooled by the Department of Trade, Industry and Competition (DTIC), the Industrial Development Corporation (IDC), the National Empowerment Fund and the Solidarity Fund to address disruption... 


A photo of a concrete reservoir under construction
Reservior awaits commissioning
15th October 2021 By: Darren Parker

A 25 Mℓ reservoir on Dann road in Glen Marais, Kempton Park, in Gauteng, has still not been commissioned, despite being completed in November 2018 at a cost of about R48-million. Almost three years... 


Clear understanding between govt, business needed to boost economic recovery – Mavuso
4th October 2021 By: Donna Slater

Little can be done to drive an economic recovery without a clear understanding between business and government, says Business Leadership South Africa CEO Busi Mavuso, who joined other business... 


Global economy to face several headwinds going into second half – Fitch Solutions
29th September 2021 By: Donna Slater

Despite the global economy having performed strongly in the first half of the year, global economic activity has peaked and is starting to face several headwinds, says financial risk management,... 


Botswana, Namibia outline efforts towards green bonds, sustainable stock exchanges
28th September 2021 By: Donna Slater

After South Africa, Namibia, through its Namibian Stock Exchange, is the second African country to issue a green bond after signing up to the United Nations’ (UN’s) sustainable stock exchanges... 


Green bonds provide balance to traditional investment vehicles
27th September 2021 By: Donna Slater

Compared with traditional impact investment vehicles, which tend to be private equity, green bonds provide a “nice balance” in achieving a desired investment impact, environment, social and... 


Municipality in support of niche and light industry
10th September 2021

According to Knysna Planning and Development MMC Mncedisi Skosana, the local leadership has been investigating ways of diversifying the area’s economic drivers and contributors. 


Infrastructure upgrades for eThekwini municipality
10th September 2021

Consulting engineers Bosch Projects and financial institution Bosch Capital – members of the Bosch Holdings group of companies – work closely with municipalities nationally to assist with upgrading... 


Failure to heed warnings about a disease like Covid-19 a bigger risk than the disease itself – Whitfield
24th August 2021 By: Donna Slater

The major risk posed by Covid-19 is not the disease itself, but instead humankind’s inaction to heed calls that such an event could lead to the crippling of global economies and other systems,... 


DTIC opens R3.75bn relief package for businesses affected by civil unrest
11th August 2021 By: Donna Slater

Eligible businesses can now apply for loans under the R3.75-billion economic recovery support package, announced by Trade, Industry and Competition Minister Ebrahim Patel a fortnight ago to assist... 


S&P not planning immediate rating actions as a result of civil unrest
27th July 2021 By: Donna Slater

Ratings agency Standard & Poors (S&P) Global Ratings does not expect to take any immediate rating actions in the wake of the mid-July civil unrest that affected KwaZulu-Natal and parts of Gauteng.... 


Panel discussion at AFSIC Investing in Africa event
Investment event targets S Africa and Germany
23rd July 2021 By: Halima Frost

The annual Africa Financial Services Investment Conference – Investing in Africa event, known as AFSIC, organised by hosting company Africa Events Limited, will be held in London, UK, on October 11... 


BATTERY ENERGY STORAGE 
The aim of the project – successfully completed at the end of March this year – is to alleviate healthcare pressure at the hospital during the Covid-19 pandemic
Company provides energy storage for hospital
25th June 2021 By: Anna Moross

Solar energy company SustainSolar has completed the supply of its battery energy storage system to the Cecilia Makiwane Hospital in East London, in the Eastern Cape.  


Transformational investing a challenge for developing nations – investment panel
14th June 2021 By: Donna Slater

Africa presents a unique case for the type of transformational investing that is required for sustainability, to meet the United Nations’ Sustainable Development Goals (SDGs) and to achieve... 


PLANT POWER
PPC has invested substantially in improving its various plants technologies and infrastructure to maximise efficacy
Collaborative effort needed to reignite sector
11th June 2021 By: Halima Frost

To address the effects of the lack of infrastructure projects in South Africa, cement manufacturer Pretoria Portland Cement (PPC) MD Njombo Lekula has called for industry and government to work... 


LIZ KOLOBE 
Agile Capital has announced that it is open to exploring new opportunities and is looking to deploy the capital it has available in its fourth private equity fund
Pandemic highlights investment opportunities
4th June 2021 By: Halima Frost

Covid-19 has highlighted the importance of strengthening supply chains in Africa to reduce reliance on other continents, where possible, private equity investment firm Agile Capital principal... 


Sakeliga starts court proceedings to realign municipal administration
31st May 2021 By: Donna Slater

Independent business community Sakeliga has instituted court proceedings to reverse municipal decline throughout South Africa, proposing a new form of municipal administration, with independent... 


Looming environmental crises to require $8.1tr by 2050 to mitigate impacts
28th May 2021 By: Donna Slater

A report into the climate, biodiversity and land degradation crises reveals that, to tackle these matters, a total investment in nature of $8.1-trillion is required over the next three decades,... 


Mboweni appoints ombud council leaders
24th May 2021 By: Donna Slater

Finance Minister Tito Mboweni has appointed the first Ombud Council board and council Chief Ombud, independent consultant Eileen Meyer, giving effect to the new financial ombud system in terms of... 


BLSA CEO Busi Mavuso
Critical structural reforms taking too long – BLSA
24th May 2021 By: Donna Slater

The structural reform required to transform South Africa’s economy has “frustratingly” progressed very little, even with the establishment of Operation Vulindlela, Business Leadership South Africa... 


DEAN NARAINSAMY We are losing key resources and skills sets to emigration
Construction turnaround requires collaboration
21st May 2021 By: Darren Parker

Partnerships between the private and public sectors are paramount to turning the built environment and construction sectors around in South Africa, says engineering firm Aecom Africa programme cost... 


CONCRETE ASSURANCE
Quality is not only about the product delivered but also the entire value chain
Direct cement sales to industry drop
21st May 2021 By: Darren Parker

About 30% of cement sales in South Africa are going directly to the construction industry for construction projects, which is down from about 50% being sold directly to the construction industry... 


District Development Model seen as key to tackling delivery backlogs
District Development Model seen as key to tackling delivery backlogs
14th May 2021 By: Donna Slater

Proponents of government's recently launched District Development Model (DDM) believe the joined-up model provides the framework required for South African municipalities to begin tackling their... 


LIQUID COOLED DRIVES
This portfolio of liquid cooled drives technology includes a reduced footprint of up to 30%
Portfolio ensures better efficiency
7th May 2021 By: Anna Moross

Electric variable-speed drives and motors supplier ABB Motion in January released their ACS880LC liquid cooled drives portfolio that can improve overall system efficiency by reducing auxiliary... 


$100bn bled from emerging markets during onset of Covid-19 in 2020 – Afreximbank
16th April 2021 By: Donna Slater

A survey and subsequent report ‘Survey of Impact of Covid-19 on African Trade Finance’ by the Africa Export-Import bank (Afreximbank), shows that outflows from emerging market economies in the... 


Loan Guarantee Scheme to be extended to July 11
12th April 2021 By: Donna Slater

The Loan Guarantee Scheme (LGS), first announced by President Cyril Ramaphosa on April 21, 2020, and which was scheduled to expire on April 11, will remain in operation for a further three months,... 


Business Leadership South Africa CEO Busi Mavuso
BLSA commends steps taken to advance public administration, says more to be done
12th April 2021 By: Donna Slater

Business Leadership South Africa CEO Busi Mavuso cautions that while business owners, leaders and CEOs may criticise government for maladministration, it ought to be remembered that government is a... 


Sars revenue boost a result of good luck and not good policy, says BLSA CEO
6th April 2021 By: Donna Slater

The announcement last week by the South African Revenue Service (Sars) that it had managed to exceed revised budgets for tax collections, with the collection of R38-billion more than had been... 


Vaccination success key to igniting SA’s infrastructure roll-out
Vaccination success key to igniting SA’s infrastructure roll-out
2nd April 2021 By: Darren Parker

Despite the strain that the roll-out of Covid-19 vaccinations is placing on the fiscus, industry body Consulting Engineers South Africa (Cesa) believes that it needs to be prioritised in concert... 


EXTRA, EXTRA
The capacity expansion will assist in terms of local supply to the industrial and automotive sectors
Compounder adds new plant capacity
12th March 2021 By: Darren Parker

Speciality compound producer Continental Engineering Compounds has invested R25-million in building a new specialised production line at its Westmead factory, in KwaZulu-Natal. The added capacity... 


KZN MEC for Finance Nomusa Dube-Ncube
KwaZulu-Natal to implement Provincial Economic Reconstruction and Recovery Plan
9th March 2021 By: Sane Dhlamini

KwaZulu-Natal Finance MEC Nomusa Dube-Ncube has promised that her department will move with speed to implement, in line with the national plan, the Provincial Economic Reconstruction and Recovery... 


Sovereign governments set to borrow $12.6tr this year – S&P Global Ratings
3rd March 2021 By: Donna Slater

Sovereign governments worldwide are set to borrow $12.6-trillion from commercial debt sources this year, a report by ratings agency Standard & Poor’s (S&Ps) Global Ratings shows. S&P Global... 


Sars establishes unit to crack down on high wealth tax evaders and offshore accounts
25th February 2021 By: Donna Slater

The South African Revenue Service (Sars) is establishing a separate unit – the High Wealth Individual Taxpayer Segment (HWI) – to focus on individual taxpayers with wealth and complex financial... 


Budget highlights
Budget highlights
25th February 2021

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Finance Minister Tito Mboweni's 2021 Budget, which included a focus on the importance of the Covid-19 vaccine... 


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