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Economy

Thirty-one countries to start trading under AfCFTA Agreement this year
18th March 2024 By: Sabrina Jardim

Amid the increasing importance of intra-African trade, 31 countries are expected to start trading under the African Continental FreeTrade Area (AfCFTA) Agreement by the end of the year, South... 


US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 By: Bloomberg

Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who... 


Skills development central to fixing water quality issues, says Mavuso
18th March 2024 By: Marleny Arnoldi

In her latest weekly newsletter, published on March 18, Business Leadership South Africa (BLSA) CEO Busi Mavuso addresses the major challenge of local government’s mismanagement of water... 


Rand slips ahead of CPI, central bank meetings
18th March 2024 By: Reuters

South Africa's rand weakened in early trade on Monday, at the start of a week that will include South African inflation figures and several major central bank rate decisions. At 0705 GMT, the rand... 


OR Tambo SEZ poised to deliver economic development, employment opportunities
15th March 2024 By: Sabrina Jardim

The OR Tambo Special Economic Zone (SEZ) aims to promote economic development, job creation and growth through the government’s SEZ programme and is a flagship programme for developments in... 


Dr Mampho Modise appointed deputy governor of the Reserve Bank
15th March 2024 By: Tasneem Bulbulia

Finance Minister Enoch Godongwana and the South African Reserve Bank (SARB) have welcomed President Cyril Ramaphosa’s appointment of Dr Mampho Modise as deputy governor of the SARB, following the... 


Saice pays tribute to former president Louis de Waal
15th March 2024 By: Schalk Burger

Industry organisation the South African Institution of Civil Engineering (Saice) has announced that former president Louis de Waal passed away on March 10. “Louis was a distinguished figure within... 


South Africa takes next step toward opening up electricity trade
15th March 2024 By: Bloomberg

South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another hurdle. The Electricity Regulation Act Amendment... 


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Budget

Innovative interventions needed to turn around underperforming growth trajectory – Agbiz
22nd February 2024

Against the backdrop of a profoundly challenging macroeconomic environment where South Africa’s economy is expected to continue underperforming, averaging at 1.6% growth in the next three years,... 


Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
21st February 2024

Development finance institution Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Competition Policy

Commission welcomes Allens Meshco Group settlement confirmation
29th November 2023

The Competition Commission has welcomed the Competition Tribunal’s order confirming a settlement agreement between the commission and the Allens Meshco Group (AMG) in connection with alleged... 


Standard Bank denies currency manipulation allegations
27th November 2023

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 


Tribunal prohibits AkzoNobel's proposed acquisition of Plascon entities in Africa
21st November 2023

The Competition Tribunal has issued an order prohibiting the proposed merger of Amsterdam-based chemicals company AkzoNobel and paint and coatings manufacturers Kansai Plascon Africa (KPA) and... 


Labour

EWSETA develops, implements specialised renewable energy, water training programmes
1st March 2024

To support the development of critical skills within the water and energy sector, the Energy and Water Sector Education and Training Authority (EWSETA) is developing and implementing specialised... 


Dept to assess research findings on job creation, retention
29th February 2024

The Department of Employment and Labour (DEL) will study the findings of two independent research reports on youth unemployment and consider how the research proposals can help it create and retain... 


TVET colleges ‘not in a good state’ – Ewseta
27th February 2024

South Africa’s technical and vocational education and training (TVET) colleges are not in a good state, Energy and Water Sector Education and Training Authority (Ewseta) CEO Mpho Mookapele has... 


Legislative Environment

Campaigns can help maximise water recovery – firm
15th March 2024

In light of the recent surge of waterborne disease outbreaks, water shedding, supply disruptions and emerging water scarcity, water-solutions company Talbot positively embraces this year’s Water... 


Company aims to accelerate provision of basic human right
15th March 2024

Amid South Africa’s water infrastructure crisis, global water solutions company Xylem says improving public awareness on water scarcity, quality and sustainability remain crucial in fast-tracking... 


Firm offers expertise on water use applications
15th March 2024

Global mining consultancy SRK Consulting hails the introduction of the Department of Water and Sanitation’s (DWS’s) Electronic Water Use Licence Application and Authorisation System (E-WULAAS). The... 


Macro & Micro

64 companies to pledge to procure from black industrialists, says Patel
18th March 2024

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 


SAWEA wants IRP overhaul as it questions massively diminished role for wind in current draft
18th March 2024

The South African Wind Energy Association’s (SAWEA’s) formal response to the draft Integrated Resource Plan 2023 (IRP 2023) questions both the modelling and assumptions used to determine the vastly... 


US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024

Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who... 


State Companies

64 companies to pledge to procure from black industrialists, says Patel
18th March 2024

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 


Dr Mampho Modise appointed deputy governor of the Reserve Bank
15th March 2024

Finance Minister Enoch Godongwana and the South African Reserve Bank (SARB) have welcomed President Cyril Ramaphosa’s appointment of Dr Mampho Modise as deputy governor of the SARB, following the... 


South Africa takes next step toward opening up electricity trade
15th March 2024

South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another hurdle. The Electricity Regulation Act Amendment... 


Statistical Releases

Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


Africa's economic growth fell to 3.2% in 2023, says AfDB
16th February 2024

Africa's economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth this year for all regions except central Africa. The... 


Sasol warns of lacklustre interim results amid volatile macroeconomic environment
9th February 2024

Energy and chemicals company Sasol has attributed its “underwhelming” upcoming financial results for the six months ended December 31, 2023, to continued volatility in the macroeconomic... 


Tourism

SADC Tourism Alliance disaster risk management workshop to help businesses recover faster
6th March 2024

Regional tourism organisation the Southern African Development Community (SADC) Business Council Tourism Alliance has completed a two-day train-the-trainer workshop on tourism disaster risk... 


Rhino poaching in South Africa increases in 2023
27th February 2024

South Africa recorded 499 rhinos poached in 2023, 51 more than the previous year, despite efforts to protect the animals, the government said on Tuesday. South Africa is home to nearly half of the... 


Airlink reinstates Mbombela and Vilanculos flights for peak season
16th February 2024

Regional airline Airlink will again provide its peak season “bush & beach” service linking Mbombela’s Kruger Mpumalanga International Airport with Vilanculos, which is Mozambique’s famous coastal... 


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