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Economy

Treasury extends deadline for Budget Facility for Infrastructure submissions
16th April 2024 By: Tasneem Bulbulia

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... 


Oil price eases but IEA says Middle East tensions heighten global supply risks
15th April 2024 By: Terence Creamer

Despite a forecast of slowing oil demand and a likely peak in consumption by the end of the decade, the International Energy Agency (IEA) warned on Monday of heightened global oil security risks in... 


Public consultation key part of law development, but often overlooked – Mavuso
15th April 2024 By: Sabrina Jardim

Following last week’s withdrawal of proposed new visa regulations that would have eased the way for skilled workers to come to South Africa, business organisation Business Leadership South Africa... 


World Bank sounds alarm on 'historical reversal' of development for poorest nations
15th April 2024 By: Reuters

Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank... 


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

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 By: Creamer Media Reporter

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... 


South African rates seen on hold all year amid inflation worry
11th April 2024 By: Bloomberg

South Africa’s central bank won’t cut interest rates this year because of persistent inflation and there’s even a risk it could raise them, bets in financial futures markets show. The shift, which... 


Sacci BCI remains steady
11th April 2024 By: Creamer Media Reporter

The South African Chamber of Commerce and Industry's (Sacci's) Business Confidence Index (BCI) remained steady at 114.7 in both February and March, indicating a stablisation of confidence at an... 


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,...

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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 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

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

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... 


Decline in formal sector employment for 2023 Q4 – Stats SA
26th March 2024

The Statistician-General of South Africa Risenga Maluleke on Tuesday reported a decrease in the total number of employees in the formal non-agricultural sector by 194 000 in the fourth quarter of... 


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

PSA advises Ramaphosa to delay signing NHI Bill into law
Updated 7 hours ago

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

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... 


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... 


State Companies

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... 


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... 


Eskom aims to keep breakdowns below 14 GW this winter as it cuts diesel budget
9th April 2024

State-owned electricity utility Eskom will reduce planned maintenance to 3 000 MW during the upcoming winter season and will seek to keep unplanned breakdowns to below 14 000 MW in a bid to... 


Statistical Releases

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... 


SARB keeps main interest rate unchanged, citing inflation risks
27th March 2024

South Africa's central bank kept its key interest rate unchanged at 8.25% on Wednesday, saying that on balance risks to the inflation outlook were skewed to the upside. It was the fifth meeting in... 


Report reveals drop in insolvencies for South Africa, but challenges remain
4th March 2024

Trade credit insurance company Allianz Trade has released its latest ‘Global Insolvency Report’, unveiling updated forecasts for 2024 and 2025. According to Allianz, global insolvencies are set to... 


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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