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Economy

Africa’s oldest oil-rich dictatorship has a succession problem
18th April 2024 By: Bloomberg

Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail,... 


Households remain under high interest rates chokehold
18th April 2024 By: Natasha Odendaal

South Africa’s high interest rates continue to pressurise the finances of households amid the ongoing restrictive monetary policy stance by the Monetary Policy Committee (MPC) of the South African... 


South Africa inflation slows slightly more than expected in March
17th April 2024 By: Reuters

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that... 


Eskom says modest R9m RCA request not a signal of alignment with Nersa on calculations
17th April 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has initiated consultations on Eskom’s latest Regulatory Clearing Account (RCA) application for the 2022/23 financial year, where Eskom is... 


UNTD calls for more fiscal flexibility to help developing countries reach SDGs
16th April 2024 By: Marleny Arnoldi

While the global economic slowdown in 2023 was less severe than expected, intergovernmental organisation United Nations Trade and Development (UNTD) has warned that a further deceleration in global... 


Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa
16th April 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has belatedly moved to quell concern that its recent approval of a new loadshedding code of practice, which increases the number of potential... 


PSA advises Ramaphosa to delay signing NHI Bill into law
16th April 2024 By: Thabi Shomolekae

Given the uncertainty surrounding the political landscape after the May elections, the Public Servants Association (PSA) has advised President Cyril Ramaphosa to delay the signing of the National... 


South Africa’s ranking in World Energy Trilemma Index falls
16th April 2024 By: Terence Creamer

South Africa has fallen to sixty-ninth from sixty-fourth on the World Energy Council’s (WEC’s) latest World Energy Trilemma Index which ranks more than 100 countries against the three key... 


Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

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

Competition Commission to tackle economic concentration by large companies, Ramaphosa promises
20th March 2024

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic... 


CAC decision on Sasol pricing opens way for Competition Commission to pursue prosecution
6th March 2024

The Competition Appeal Court's (CAC's) decision to dismiss chemicals and energy company Sasol's application to review the Competition Commission’s investigation into alleged excessive pricing of... 


Commission studying Appeal Court judgment for next course of action
11th January 2024

The Competition Commission is studying the Competition Appeal Court (CAC) judgment, handed down on January 8, and is consulting its legal team before deciding on the next course of action. The CAC... 


Labour

CDE criticises govt’s lack of ambition in its job creation strategy
8th April 2024

South Africa faces an unemployment crisis, and the African National Congress’ (ANC’s) manifesto promise of 3.5-million work opportunities, is considerably inadequate to address this, independent... 


Old govt buildings to be converted into homes for State employees
5th April 2024

Human Settlements Minister Mmamaloko Kubayi wants to convert old and unused government buildings into residential properties for government employees. She said this was part of an effort to do away... 


Labour dept to launch new programme to tackle unemployment
4th April 2024

Employment and Labour Minister Thulas Nxesi on April 4 announced that the Department of Employment and Labour (DEL) would launching a new Unemployment Insurance Fund (UIF) Labour Activation... 


Legislative Environment

CoJ promulgates reviewed municipal planning by-law
9th April 2024

The City of Johannesburg’s (CoJ’s) Development Planning Department has promulgated the recently reviewed municipal planning by-law. The provisions of the reviewed by-law enable the city to simplify... 


Mavuso says visa reform is good and well, but govt capacity may negate the positives
8th April 2024

While it is positive that regulations for digital nomad visas are in place, Business Leadership South Africa CEO Busi Mavuso says it will take resources and leadership to deliver those services... 


Policy uncertainty edging further into negative territory ahead of elections, report shows
3rd April 2024

The North-West University Business School Policy Uncertainty Index veered further into negative territory in the first quarter, at 65.8 index points, compared with the 65.5 index points recorded... 


Macro & Micro

South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
Updated 5 hours ago

South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, Finance Minister Enoch Godongwana said, adding he was pondering tax... 


Reserve bank to cut rates less than earlier thought in 2024 – poll
18th April 2024

South Africa's central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking slightly longer to return to... 


Africa’s oldest oil-rich dictatorship has a succession problem
18th April 2024

Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail,... 


State Companies

Treasury extends deadline for Budget Facility for Infrastructure submissions
16th April 2024

The National Treasury has extended the deadline for submissions to the Budget Facility for Infrastructure (BFI) to May 17 to allow more time for project sponsors to package and submit their... 


Eskom mulls private, foreign options on R390-billion grid build
12th April 2024

South Africa’s State-owned power utility Eskom said it’s in talks with government ministries over private and foreign options to fund a R390-billion expansion of its transmission network as more... 


Electricity outlook for winter
12th April 2024

Engineering News editor Terence Creamer discusses the halt in loadshedding over recent weeks; what South Africans should expect for the higher-demand winter period; and the longer-term outlook for... 


Statistical Releases

Treasury welcomes IMF report ranking SA top 3 in fiscal transparency
16th April 2024

The International Monetary Fund’s (IMF’s) Fiscal Transparency Evaluation Report has placed South Africa in the top three countries in terms of transparent fiscal practices, which National Treasury... 


88% of global fossil fuel, cement CO2 emissions linked to 117 producers
4th April 2024

A new report, released on April 4 by InfluenceMap using the Carbon Majors database, shows that 88% of global carbon dioxide (CO2) emissions from fossil fuels and cement from 2016 through 2022 can... 


Policy uncertainty edging further into negative territory ahead of elections, report shows
3rd April 2024

The North-West University Business School Policy Uncertainty Index veered further into negative territory in the first quarter, at 65.8 index points, compared with the 65.5 index points recorded... 


Tourism

Avis partners with CemAir on new land-and-air travel offering
8th March 2024

Car rental company Avis Car Rental has entered into a partnership with airline CemAir, as part of its commitment to delivering enhanced travel experiences for customers. Central to the partnership... 


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... 


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