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Macro & Micro

Britain agrees $100m trade finance to boost Africa food security
25th March 2024 By: Reuters

Development lender British International Investment said on Monday it had agreed a $100-million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost... 


Venture capital investments decline amid sociopolitical, economic uncertainties
25th March 2024 By: Sabrina Jardim

Pan-African industry association the African Private Capital Association (Avca) has reported, amid the release of its latest 'Venture Capital in Africa Report', that 2023 was a year of significant... 


A container ship travelling through the Suez Canal
Trade to rebound this year, says Unctad
22nd March 2024 By: Schalk Burger

After declines over several quarters, international trade is poised for a rebound this year, the United Nations Conference on Trade and Development's (Unctad's) latest 'Global Trade Update' states.... 


Pepkor to list on A2X
20th March 2024 By: Tasneem Bulbulia

Retailer Pepkor Holdings has been approved for a secondary listing on A2X Markets, with its shares to be available for trade on the exchange from April 2. Pepkor Holdings is listed on the JSE and... 


South Africa needs more black billionaires – Matona
20th March 2024 By: Darren Parker

Broad-Based Black Economic Empowerment Commissioner Tshediso Matona has said it is necessary to “dispel the myth” that black industrialist multimillionaires or billionaires should not exist because... 


Wind and solar farms
Independent power producer body rejects an IRP that ‘plans to fail’
20th March 2024 By: Terence Creamer

The South African Independent Power Producer Association (SAIPPA) has added its voice to a growing chorus of opposition to the draft Integrated Resource Plan 2023 (IRP 2023), the comment deadline... 


Consumers
South Africa consumer inflation rises in February
20th March 2024 By: Reuters

South Africa's consumer inflation ticked up for the second month in a row in February, moving closer to the central bank's upper target, which economists say could mean a longer wait for rate cuts... 


Rand
South African rand flat ahead of inflation, retail sales data
20th March 2024 By: Reuters

South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales data that could provide clues on the health of the local economy. At 0452 GMT, the rand traded at... 


Trust in innovation needs to be built up to change societies, economies
20th March 2024 By: Schalk Burger

Globally and in South Africa, twice as many people are likely to believe that technological innovation is being poorly managed than those who believe it is being managed well. This could have a... 


Outa CEO Wayne Duvenage
Tear up IRP 2023 and start again, Outa asserts
19th March 2024 By: Terence Creamer

The Organisation Undoing Tax Abuse (Outa) has called on the Department of Mineral Resources and Energy (DMRE) to recall and reworked the draft Integrated Resource Plan 2023 (IRP 2023) and to then... 


Africa’s biggest exchange finally sees Its IPO crisis easing
19th March 2024 By: Bloomberg

Africa’s biggest bourse, the JSE, is slowly turning the tide from a wave of delistings to companies once again considering initial public offerings. Bankers cited potential interest rate cuts,... 


Unconstrained IRP would have far more wind and solar PV, analysis shows
Conclusions in opaque IRP 2023 are ‘incorrect and economically damaging’
19th March 2024 By: Terence Creamer

In an excoriating assessment of the draft Integrated Resource Plan 2023 (IRP 2023), Meridian Economics points to serious problems with the modelling and cost assumptions used by the Department of... 


A map of Africa indicating which countries' interest rates will remain higher for longer
Africa’s biggest economies set to hold interest rates as inflation risks linger
19th March 2024 By: Bloomberg

Central banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two weeks, as they maintain tight monetary policies to... 


Rand Water purification station
South African economic hub’s water system on verge of collapse
19th March 2024 By: Bloomberg

South Africa is facing the prospect of a breakdown in the water supply to its industrial heartland and most-populated region, adding to the woes of an economy battered by power outages, congested... 


Trade, Industry and Competition Minister Ebrahim Patel
64 companies to pledge to procure from black industrialists, says Patel
18th March 2024 By: Darren Parker

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 CEO Niveshen Govender
SAWEA wants IRP overhaul as it questions massively diminished role for wind in current draft
18th March 2024 By: Terence Creamer

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... 


SA-US flag
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... 


Tap with water
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 South African flag
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... 


Saice former president Louis de Waal
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... 


Electricity pylons
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... 


Power lines
South Africa’s next energy challenge: A R390-billion grid upgrade
15th March 2024 By: Bloomberg

South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to build and fund a R390-billion expansion of the... 


An image of SRK principal environmental scientist Avril Owens
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... 


Industrial Gas Users Association of South Africa executive director Jaco Human
Industrial gas users prepare to make ‘orderly transition’ case at crunch gas-cliff meeting
14th March 2024 By: Terence Creamer

The creation of a formal public-private platform to assess solutions to a pending “gas cliff” for industrial consumers in South Africa points to the fact that the issue is finally being taken... 


Cyber crime
PSA urges govt to prioritise cybersecurity amid attacks
14th March 2024 By: Thabi Shomolekae

The Public Servants Association wants government to prioritise cybersecurity, including investing in skills development, following recent cyberattacks on government systems. The PSA expressed... 


Bopa Morua co-managing partner Nthime Khoele
RMB Ventures, Bopa Moruo acquire majority stake in Icon Oncology
14th March 2024 By: Schalk Burger

Private equity investment firms RMB Ventures and Bopa Moruo have acquired a majority stake in cancer treatment provider Icon Oncology for an undisclosed sum. Icon has a national footprint of 26... 


International Monetary Fund African development director Abebe Selassie
Crisis of confidence has exacerbated sub-Saharan Africa’s funding squeeze
13th March 2024 By: Marleny Arnoldi

Various shocks have resulted in commodity price pressure and fiscal constraints globally, but sub-Saharan African countries, in particular, have been experiencing a “funding squeeze” as a result of... 


US Deputy Treasury Secretary Wally Adeyemo
US Treasury's No 2 urges South Africa to boost fight against corruption
13th March 2024 By: Reuters

US Deputy Treasury Secretary Wally Adeyemo on Wednesday urged South Africa to step up its battle against corruption, saying that work could help boost job creation in a country facing an... 


Reserve Bank governor Lesetja Kganyago
South Africa should get off global regulator's 'grey list' in 2025, says Kganyago
13th March 2024 By: Reuters

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 


Trade conditions remain tough – Sacci
13th March 2024 By: Creamer Media Reporter

The South African Chamber of Commerce and Industry (Sacci) says the results from its February survey of trade conditions confirm an ongoing rough trade environment that first began to deteriorate... 


Wind turbine at sunrise
IPPO confirms May 30 renewables bid deadline as it moves to accommodate grid quotes and curtailment
13th March 2024 By: Terence Creamer

The Independent Power Producer Office (IPPO) has confirmed that the deadline for submissions under Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme... 


worker's hands, laying cement
Built Environment Indaba to address substandard project delivery, other challenges
12th March 2024 By: Darren Parker

Poor-quality projects, site invasions and inadequate transformation are some of the key issues that will be addressed at the inaugural Built Environment Indaba, which will be held at the Gallagher... 


construction workers on scaffolding
Construction sector mafia targeting executives as well
12th March 2024 By: Darren Parker

The impact of the construction mafia is starting to be felt higher up the food chain, with Black Building Council in the Built Environment (BBCBE) president Danny Masimene noting that executives... 


ECDC, MBDA announce R10m support for the film industry in the Eastern Cape
12th March 2024 By: Schalk Burger

The Eastern Cape Development Corporation (ECDC) and the Mandela Bay Development Agency (MBDA) have signed a R10-million agreement to support the local film industry and provide local infrastructure... 


Electricity Minister Kgosientsho Ramokgopa
South Africa won’t need Electricity Minister by end of 2024
12th March 2024 By: Bloomberg

Electricity Minister Kgosientsho Ramokgopa said an anticipated improvement in electricity supply should see him out of a job by the end of 2024. The country, which has been plagued by crippling... 


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