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Macro and Micro News

Cost competitiveness key for a thriving energy sector

By: Anine Kilian     Updated 22 minutes ago The number of power projects across Africa and South Africa has grown in the last few years and has given rise to many opportunities, but also challenges, Trade and Industrial Policy Strategies executive director Saul Levin said on Wednesday. Speaking at the Manufacturing Indaba, in Sandton, he... 

There is hope for South Africa’s manufacturing sector – October

By: Anine Kilian     Updated 33 minutes ago South Africa has the potential to revive, remould and expand its manufacturing sector through partnerships between industry and government, Department of Trade and Industry deputy director general Lionel October said on Wednesday. Addressing delegates at the Manufacturing Indaba, in Sandton, he... 

There is hope for South Africa’s manufacturing sector – October
DTI deputy director general Lionel October

Binding constraints affecting South Africa’s growth – Matona

By: Simone Liedtke     Updated 46 minutes ago There are binding constraints, including policy uncertainty, a regulatory environment that is not conducive to investment, and no sustained long-term partnerships between government and the industry, that are limiting South Africa’s growth potential, says National Planning Commission (NPC)... 

Education, NDP execution crucial in reaching development goals – Mohale

By: Simone Liedtke     Updated 59 minutes ago Out of the 400 South African companies listed on the JSE, only 212 have reported on their black economic empowerment (BEE) activities in the last two years, Business Leadership South Africa CEO Bonang Mohale said on Wednesday. National statistics, he highlighted during an address at the Vision... 

Education, NDP execution crucial in reaching development goals – Mohale
BLSA CEO Bonang Mohale

Momentum in local procurement can bolster South African SMME growth

By: Schalk Burger     Updated 1 hour 50 minutes ago While small, medium-sized and microenterprises (SMMEs) in South Africa do not contribute the equivalent proportion to employment or gross domestic product as those in developed countries, there are various initiatives that are helping to draw SMMEs into the formal sector and into larger supply... 

S&P's doesn't see downside risks to South Africa's sovereign rating

By: Reuters     Updated 2 hours 58 minutes ago S&P's Global Ratings does not see downside risks to South Africa's sovereign credit rating, its Africa regional manager said on Wednesday. "A stable outlook at this point signals to you the risks are not stacked on the downside (or) medium term ... unless obviously the situation would worsen... 

Mining charter, illegal mining, FDI in the spotlight  

Updated 5 hours ago Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Mining charter, illegal mining, FDI in the spotlight
Mining charter, illegal mining, FDI in the spotlight

Trust in South African government dips, businesses most trusted - survey

By: News24Wire      20th June 2018 South Africans do not place much trust in their government. This is according to a new global survey that has placed the country at the bottom of a list of 28 countries that were surveyed. The 2018 Edelman Trust Barometer report measured the public's trust across four sectors – government,... 

South Africa's GDP growth expected to hit 1.7% in 2018

By: Reuters     20th June 2018 South Africa's economy is expected to recover from a poor start this year, rescued by stronger growth in the rest of the world, a Reuters poll found on Wednesday. South African gross domestic product shrank 2.2% in the first quarter, led by a slowdown in agriculture and mining, after expanding... 

South Africa's GDP growth expected to hit 1.7% in 2018

Trade unions to respond to Eskom's 4.7% wage offer increase

By: African News Agency      20th June 2018 Trade unions involved in wage negotiations with Eskom will give a joint response to the power utility's revised 4.7 percent wage offer when the talks resume for the second day on Wednesday morning. In a joint statement, the National Union of Mineworkers, the National Union of Metalworkers of... 

 Trade unions to respond to Eskom's 4.7% wage offer increase

Inaugural Factory of the Year competition to include future-proofing benchmark

By: Terence Creamer     19th June 2018 Global management consulting firm AT Kearney has officially launched the South African version of its internationally recognised ‘Factory of the Year’ competition and is urging domestic manufacturers to enter ahead of the August 20 deadline for submissions. AT Kearney partner and Africa MD Theo... 

Inaugural Factory of the Year competition to include future-proofing benchmark
AT Kearney partner and Africa MD Theo Sibiya

Num denies reports it wanted to postpone wage talks with Eskom

By: African News Agency      18th June 2018 The National Union of Mineworkers (Num) on Monday slammed reports that it had called for the postponement of wage negotiations with power utility Eskom because of its congress this week.  "The Num congress is starting on Wednesday at the Birchwood Hotel and that will not affect the wage... 

 Num denies reports it wanted to postpone wage talks with Eskom

Numsa rejects Eskom arbitration process

By: African News Agency      15th June 2018 The National Union of Metalworkers of SA (Numsa) on Friday rejected Eskom's decision to engage in an arbitration process on the current wage dispute with workers unions, saying that such a decision was made without consulting them. Numsa, the National Union of Mineworkers (Num), and Solidarity... 

Numsa rejects Eskom arbitration process

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

By: News24Wire      15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

World Economic Forum to discuss SA's reform agenda in Joburg

By: African News Agency      15th June 2018 The World Economic Forum (WEF) said on Friday that it will convene a one-day roundtable later this month with President Cyril Ramaphosa, ministers and business leaders from across the world about the role of business in shaping an inclusive and sustainable agenda for South Africans. Elsie Kanza,... 

 World Economic Forum to discuss SA's reform agenda in Joburg

BLSA extends partnership with USAID, $3m added

By: African News Agency      15th June 2018 Business Leadership South Africa (BLSA) and the United States Agency for International Development (USAID) on Thursday announced the extension of their multi-million rand partnership by a further three years and an additional $3.6-million. Beyond Advocacy Fund (BAF), is an imaginative partnership... 

South Africa prioritising business confidence and investor interest

By: African News Agency      15th June 2018 The South African government has prioritised the enhancement of business confidence and investor interest in order to create an enabling environment for business to thrive.  This is according to Deputy Minister of Trade and Industry Bulelani Magwanishe who on Thursday welcomed a business... 

Gauteng prepares to expropriate privately owned land without compensation 

By: News24Wire      15th June 2018 The Gauteng government wants to "immediately" expropriate without compensation privately owned land lying idle. Premier David Makhura said the province was completing an audit of all unused privately owned land to test the Constitution instead of waiting on the parliamentary process currently... 

Gauteng prepares to expropriate privately owned land without compensation
Gauteng Premier David Makhura

China–Africa Industrial Cooperation 

15th June 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about the recent China-Africa Industrial Cooperation conference and how China expects to help Africa in its industrialisation efforts. 

China–Africa Industrial Cooperation
China–Africa Industrial Cooperation

SARB launches commemorative Mandela banknotes

By: African News Agency      14th June 2018 The South African Reserve Bank (SARB) has said that it will be launching its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.  These notes will cover all denominations - R10, R20, R50, R100 and R200 - and as part... 

SARB launches commemorative Mandela banknotes

Labour unions picket Eskom office in wage dispute

By: Reuters     14th June 2018 Hundreds of union members picketed outside the headquarters of Eskom on Thursday because of a wage dispute which has hurt the cash-strapped South African power utility's ability to deliver electricity to Africa's most industrialised economy. Labour unions, angered by Eskom's failure to raise... 

Labour unions picket Eskom office in wage dispute

Cash-in-transit heists could lead to losses of R470m, Parliament hears

By: News24Wire      14th June 2018 Cash-in-transit heists will lead to cash losses of R470-million this year if the current trend continues, the Portfolio Committee on Police heard on Wednesday. The meeting brought together a range of stakeholders concerned with cash-in-transit heists, including the South African Banking Risk... 

Cash-in-transit heists could lead to losses of R470m, Parliament hears

Q2 business confidence falls six points to 39 – RMB/BER

By: Reuters     13th June 2018 A South African business confidence index fell in the second quarter by six points, a survey showed on Wednesday, a sign the economy was struggling amid hopes that President Cyril Ramaphosa would help revitalise the country and attract investment. The Rand Merchant Bank (RMB) business confidence... 

Govt commits to saving jobs in steel industry 

By: African News Agency      13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

Govt commits to saving jobs in steel industry

IMF says South Africa should spell out land reform plans to remove uncertainty

By: Reuters     12th June 2018 The International Monetary Fund (IMF) said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment. South Africa's ruling African National Congress has said it plans to redistribute land without... 

IMF says South Africa should spell out land reform plans to remove uncertainty

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

CSIR researching social media use for public safety

By: Schalk Burger     11th June 2018 The Council for Scientific and Industrial Research (CSIR) on Monday detailed work researchers are doing to put social media to use in identifying public safety incidents, including traffic collisions, crime incident patterns, emergencies, terrorism incidents and pandemics, and to develop tools... 

CSIR researching social media use for public safety

Public sector strike off as wage deal signed

By: Reuters     11th June 2018 A strike by South African public sector workers planned to start on Monday was called off after most trade unions accepted a government pay offer that exceeds Treasury provisions for salary increases. The stoppage was cancelled when more than 50% of unions in a bargaining council agreed to the... 

Public sector strike off as wage deal signed

Ramaphosa hails successful G7 leaders summit

By: African News Agency      11th June 2018 President Cyril Ramaphosa has welcomed the interest shown in South Africa by the global business community at the just concluded G7 Leaders’ Outreach Summit in Quebec City in Canada. In a statement, the Presidency said Ramaphosa welcomed the interest in South Africa as an investment destination... 

Ramaphosa hails successful G7 leaders summit
President Cyril Ramaphosa

China stresses importance to Africa of attracting foreign investment

By: Rebecca Campbell     8th June 2018 "Foreign investment can be a very practical, convenient and viable way for industrialisation," stressed Ambassador Zhou Yuxiao, Beijing's emissary to the Forum on China-Africa Cooperation (FOCAC), at the Africa Institute of South Africa-Human Sciences Research Council/Embassy of the People's... 

GDP shock will lead to revision of optimistic growth predictions – Nene

By: News24Wire      8th June 2018 The shock contraction of gross domestic product (GDP) in the first quarter will mean a downward revision of optimistic predictions for growth in 2018, Finance Minister Nhlanhla Nene has said. Nene on Friday addressed the Directors Event, a conference attended by some 300 business leaders in... 

 GDP shock will lead to revision of optimistic growth predictions – Nene
Photo by Reuters
Finance Minister Nhlanhla Nene

China supports African industrialisation – Ambassador 

By: Rebecca Campbell     8th June 2018 Industrialisation is necessary for Africa to achieve sustainable development. "Only by realising sustainable development could Africa escape foreign interference." These points were made by Chinese Ambassador to South Africa Lin Songtian at the Africa Institute of South Africa-Human Sciences... 

Demand rising for funding for grid-tied renewables

By: Schalk Burger     8th June 2018 Financing to build renewable-energy systems for use by businesses in South Africa is growing, with many projects showing good financial viability and return on investment, says financial institution Absa renewable-energy head Justin Schmidt. The return on investment for well-designed energy... 

Demand rising for funding for grid-tied renewables
JUSTIN SCHMIDT Most companies will rely on more than one source of energy, and the most compelling business cases currently are grid-tied solutions

Good corporate citizenship in a post-State-capture South Africa

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Good corporate citizenship in a post-State-capture South Africa

April manufacturing output up 1.1% Y/Y

By: Reuters     7th June 2018 South Africa's manufacturing output expanded by 1.1% year-on-year in April following a revised 1.6% contraction in March, the statistics agency said on Thursday. Statistics South Africa said factory production on a month-on-month basis shrunk 0.6% in April, decreased by 3% in the three months to... 

Public sector wage deal inches closer as more unions sign

By: News24Wire      7th June 2018 The public sector wage agreement is close to being a done deal, with 48% of workers represented by trade unions at the Public Service Coordinating Bargaining Council (PSCBC) supporting the offer. A majority of 50%+1 employee agreement is required to implement the deal. 

 Public sector wage deal inches closer as more unions sign

Busa attending G7 Summit with Ramaphosa

By: Anine Kilian     7th June 2018 Business Unity South Africa (Busa) is part of the South African delegation, led by President Cyril Ramaphosa and the Department of Trade and Industry, attending the Group of Seven (G7) Summit, in Canada.   

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