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Macro & Micro

President Cyril Ramaphosa may sign ERA Bill ahead of the elections
Eyes turn to Union Buildings after NCOP approves Electricity Regulation Amendment Bill
16th May 2024 By: Terence Creamer

The National Council of Provinces (NCOP) has approved the Electricity Regulation Amendment (ERA) Bill, which has far-reaching implications for the future structure and operation of an electricity... 


Threats of legal action after Ramaphosa signs NHI into law
Threats of legal action after Ramaphosa signs NHI into law
16th May 2024 By: Thabi Shomolekae

Civil society organisations and political parties are threatening legal action following Wednesday’s controversial signing of the National Health Insurance Bill. President Cyril Ramaphosa, who... 


Prescient supports Reatile’s acquisition of stake in 240 MW solar project
16th May 2024 By: Creamer Media Reporter

Prescient Investment Management has approved R324-million in equity finance to support black-owned investment company Reatile acquire a 31.5% stake in a 240 MW Free State solar PV project. The... 


President Cyril Ramaphosa signing the controversial NHI Bill into law at a Union Buildings ceremony
Ramaphosa acknowledges fear over NHI but describes signing as ‘pivotal moment’
15th May 2024 By: Terence Creamer

President Cyril Ramaphosa acknowledged the fear that his signing of the National Health Insurance (NHI) Bill into law had generated in and address during a signing ceremony held at the Union... 


Persistent corruption concerns reflect letdowns during sixth administration – Corruption Watch
15th May 2024 By: Marleny Arnoldi

Nonprofit monitoring organisation Corruption Watch (CW) has confirmed in its latest report that there are significant concerns about the impact of corruption in the country, particularly a marked... 


Maize crops affected by drought
Plunging currencies, El Niño to delay rate cuts in African economies
15th May 2024 By: Bloomberg

Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and shallower interest-rate cuts for African central... 


Equites CEO Andrea Taverna-Turisan
Equites reports sustained growth in rentals market
14th May 2024 By: Darren Parker

Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for... 


surgeon at work
Organisations call ‘rushed’ NHI Bill an electioneering ploy
14th May 2024 By: Marleny Arnoldi

Business Leadership South Africa (BLSA) has again expressed concern about the National Health Insurance (NHI) Bill on the eve of its planned promulgation by President Cyril Ramaphosa’s. Signing the... 


Many households in informal settlements remain unelectrified
Salga energy head calls for post-election review of free basic electricity scheme
14th May 2024 By: Terence Creamer

The head of energy at the South African Local Government Association (Salga) has called for a review of both the size of the free basic electricity (FBE) allocation as well as the way the grant is... 


Job seekers waiting for casual work next to a road in Johannesburg
Unemployment rate worsens to 32.9%
14th May 2024 By: Marleny Arnoldi

South Africa’s official unemployment rate has widened by 0.8 of a percentage point to 32.9% in the first quarter of the year, compared with 32.1% in the fourth quarter of last year. The number of... 


Trade, Industry and Competition Minister Ebrahim Patel
dtic seeks to create a competitive medical technology industry with new master plan
14th May 2024 By: Creamer Media Reporter

Trade, Industry and Competition Minister Ebrahim Patel has launched the Medical Technology (MedTech) Master Plan, which is aimed at creating a proficient and competitive medical technology industry... 


Image of Cyril Ramaphosa
Concerns heighten as Ramaphosa readies to sign NHI Bill into law
14th May 2024 By: Thabi Shomolekae

Business and political parties have expressed disappointment with President Cyril Ramphosa’s announcement that he will, on Wednesday, sign into law the controversial National Health Insurance Bill.... 


Battery storage
Deadline for latest battery procurement also extended as IPPs adjust to Eskom’s new grid access rules
9th May 2024 By: Terence Creamer

The deadline for South Africa’s recently launched third battery energy storage bidding round, or bid window three (BW3), has been extended by three months to October 31, following a recent deadline... 


pylon at sunset
Genuine progress, not electioneering, behind the easing of loadshedding, council says
9th May 2024 By: Darren Parker

The current loadshedding reprieve is not a result of excessive diesel burning to pacify voters but rather a consequence of government and business coming together to made headway in solving South... 


April transactions index increase welcome, but investors wait and see
8th May 2024 By: Schalk Burger

Financial infrastructure services company BankservAfrica's Economic Transactions Index (BETI) increased by 0.6% month-on-month in April to reach an index level of 134.2, which is the highest level... 


An image of JSE chairperson Phuthuma Nhleko
JSE undertaking measures to mitigate de-listing, shrinkage
8th May 2024 By: Tasneem Bulbulia

The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News... 


Eskom coal fired station
South Africa to provide new coal-plant closure timeline to secure secure $2.6bn
8th May 2024 By: Bloomberg

South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an agency in President Cyril Ramaphosa’s office said.... 


Spar CEO Angelo Swartz
Spar Group to list on A2X
8th May 2024 By: Creamer Media Reporter

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and... 


Zimbabwe aims to use FDI to develop a competitive economy by 2030
7th May 2024 By: Schalk Burger

Zimbabwe held an investment conference on May 2 and 3 in South Africa during which its officials explained that the country of 16-million people wants to use local and international investments... 


Trade, Industry and Competition Minister Ebrahim Patel
Patel believes industrial policy needs continued investment to yield full potential
7th May 2024 By: Darren Parker

Trade, Industry and Competition Minister Ebrahim Patel has called for rapid scaling up of infrastructure spending, among other urgent initiatives, to ensure current industrial policy can succeed.... 


From left to right are Schwarz Unternehmenskommunikation corporate responsibility VP Florian Schütze, Siemens managing board member and Siemens Smart Infrastructure CEO Matthias Rebellius, Mercedes-Benz planning VP Arno van der Merwe and moderator Chris Brow in discussion at the Hannover Messe 2024 expo.
Decarbonising industrial operations requires concerted effort
7th May 2024 By: Bridget Lepere

Decarbonisation requires comprehensive and multifaceted approaches and standardised processes across various industries. It should involve mobilising an organisation, managing information flow,... 


Power line and substation
NamPower grid-strengthening and battery storage project secures $138.5m World Bank backing
7th May 2024 By: Terence Creamer

The World Bank has approved a $138.5-million finance package to support the integration of renewable energy into Namibia’s electricity system by strengthening its transmission grid and integrating... 


An Amazon branded package
Amazon launches online shopping service in South Africa
7th May 2024 By: Reuters

Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen... 


Eskom logo
Eskom takes City Power to court over R1bn debt
6th May 2024 By: Sashnee Moodley

State power utility Eskom has said it has "no choice" but to approach the Johannesburg High Court to force City Power to pay just over R1-billion in unpaid debt. Eskom noted that City Power began... 


Image of Cyril Ramaphosa
Ramaphosa pegs sustainable economic recovery on attraction of higher levels of investment
6th May 2024 By: Thabi Shomolekae

President Cyril Ramaphosa on Monday assured that government is working to get rid of red tape that impedes and slows down investment. Ramaphosa wrote in his weekly letter to the nation that it was... 


South African bank notes
Rand gains on stronger PMI data
6th May 2024 By: Reuters

The South African rand was stronger in early trade on Monday, after private sector activity rose marginally in April. At 0724 GMT, the rand traded at 18.4650 against the dollar, about 0.3% stronger... 


Wind and solar
Climate commission model points to the growth potential of green industrialisation
6th May 2024 By: Terence Creamer

The initial direct cost of placing South Africa on an energy transition pathway over the coming five years in line with its decarbonisation targets is calculated at a hefty R1.5-trillion in the... 


scrap metal
Enhanced regulation, law enforcement needed to combat scrap metal theft
3rd May 2024 By: Darren Parker

Enhanced regulation and enforcement are needed to address the challenges of scrap metal theft in South Africa and potentially lift the ban on scrap metal exports, research and advisory firm Birguid... 


Saudi Tadawul Group CEO Khalid Alhussan and JSE group CEO Leila Fourie
Saudi, Johannesburg stock exchanges partner to advance new instruments, market access
3rd May 2024 By: Marleny Arnoldi

The JSE has signed a memorandum of understanding (MoU) with Saudi Tadawul Group (STG), aimed at enhancing financial market collaboration and bolstering economic ties between South Africa and Saudi... 


South African citizens voting in a previous election
Next South African government has tough reform job, Moody’s says
3rd May 2024 By: Bloomberg

South Africa may struggle to make much more progress on resolving the country’s longstanding challenges if a coalition government emerges after elections this month, Moody’s Investors Service... 


Photo of Terence Creamer
Reigniting growth in South Africa's real economy
3rd May 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer talks about the highs and lows of South Africa's real economy in the 30 years of democracy, as well as what could be done to reignite the manufacturing... 


NTOMBIFUTHI MDLULI
These projects collectively contribute to employment
Short-term insurance product extended to SMMEs
3rd May 2024 By: Simone Liedtke

The State-owned Export Credit Insurance Corporation of South Africa (ECIC) has significantly expanded its mandate to support manufacturing projects, with a notable enhancement through the... 


Image of Kabelo Gwamanda
City of Joburg working on 'innovative measures’ to reduce power outages, promises Mayor Gwamanda
2nd May 2024 By: Thabi Shomolekae

City of Johannesburg mayor Kabelo Gwamanda announced on Thursday that the City intends to add an additional 50 MW of power to its grid by bringing online the Durban Street Substation, in the next... 


A beverage can factory
Absa PMI rises to 54 in April on the back of improved business activity
2nd May 2024 By: Creamer Media Reporter

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) improved to 54 in April, following a dip to 49.2 – below the neutral 50-point mark – in March, on the back of improved business... 


Patrice Motsepe
Motsepe-backed GoSolr plans $537m South Africa expansion
2nd May 2024 By: Bloomberg

GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend R10 billion to roll out a model of renting solar panels and batteries to homes... 


Sacci, Sakeliga pay tribute to Dr Sam Motsuenyane
30th April 2024 By: Schalk Burger

Business organisation the South African Chamber of Commerce and Industry (Sacci) has noted with sadness the passing of Dr Sam Motsuenyane, who “was a business leader par excellence”. "Motsuenyane... 


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