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Macro & Micro

Anglo American's new head office in Oxford Road
Bambili close to finishing feasibility study on hydrogen fuel cell power system for Anglo’s head office
13th February 2024 By: Darren Parker

Diversified mining major Anglo American has selected hydrogen energy solutions company Bambili Energy to deploy a 2 MW hydrogen fuel cell power system lighthouse project to provide electricity at... 


H2 gas sign
South Africa looks to Japanese collaboration on green hydrogen development
13th February 2024 By: Darren Parker

The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in... 


SAWEA CEO Niveshen Govender
IRP deadline extension an opportunity for more renewables ambition in line with SoNA vision - SAWEA
12th February 2024 By: Terence Creamer

The recent extension of the deadline for responses to the draft Integrated Resource Plan 2023 (IRP 2023) presents an opportunity to incorporate the vision presented by President Cyril Ramaphosa in... 


International research study to look at depression among unemployed African youth
12th February 2024 By: Schalk Burger

A research study to examine the network of risk factors and resilience resources that predict depression among not in employment, education or training (NEET) youth in Africa will be undertaken by... 


South Africa resilient despite global shocks, survey shows
12th February 2024 By: Schalk Burger

Trade credit insurance company Allianz Trade says its latest quarterly Country Risk Atlas found that South Africa demonstrates external resilience to shocks, with abundant international reserves, a... 


Mavuso lauds business for pragmatic assistance despite govt failures
12th February 2024 By: Marleny Arnoldi

Despite the great difficulty that is involved with running a business in South Africa, the private sector has taken a very pragmatic approach to dealing with the challenges to the business... 


Image of Cyril Ramaphosa
SA looking abroad for skills it doesn't currently have – Ramaphosa
12th February 2024 By: Thabi Shomolekae

President Cyril Ramaphosa stated on Monday that with South Africa becoming an “increasingly attractive destination” for business process outsourcing and customer experience, attracting more skilled... 


The Durban Container Terminal
Business stakeholders find ‘election-oriented’ SoNA wanting
9th February 2024 By: Marleny Arnoldi

Business stakeholders agree that President Cyril Ramphosa was right to emphasise economic reforms in his State of the Nation Address (SoNA) on February 8, as these are critical to turning around... 


Most of construction industry expects busy, profitable 2024, survey shows
9th February 2024 By: Schalk Burger

A survey of the construction industry by construction software company RIB Software indicated that the industry in the sub-Saharan Africa, Middle East and North Africa (Mena) region is looking... 


Sasol Secunda
Sasol warns of lacklustre interim results amid volatile macroeconomic environment
9th February 2024 By: Darren Parker

Energy and chemicals company Sasol has attributed its “underwhelming” upcoming financial results for the six months ended December 31, 2023, to continued volatility in the macroeconomic... 


Photo of Terence Creamer
Loadshedding, logistics, water crises key themes of SoNA 2024
9th February 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses some of the key themes that emerged during President Cyril Ramaphosa's final State of the Nation Address of the current administration and how... 


South African flag and R2 coin
Sacci business confidence index shows incremental improvements
8th February 2024 By: Darren Parker

The South African Chamber of Commerce and Industry (Sacci) has revealed that its business confidence index (BCI) for December last year reached a notable 112.1, marking the second-highest level for... 


Manufacturing production increased by 0.7% y/y in December
8th February 2024 By: Schalk Burger

Manufacturing production increased by 0.7% year-on-year in December, Statistics South Africa reports. The largest positive contributions were made by petroleum, chemical products, rubber and... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


JSE Clear accepts securities as collateral against open derivative positions
8th February 2024 By: Schalk Burger

The JSE's independent clearing house JSE Clear has introduced a new service to accept securities as collateral against open JSE derivative positions. Previously, only cash was accepted as... 


Long product being produced
AMSA announces six-month deferral to longs closure after agreements on short-term measures
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Standard Bank chief economist Goolam Ballim
Standard Bank not expecting major fiscal slippage despite election pressures
7th February 2024 By: Terence Creamer

Standard Bank chief economist Goolam Ballim does not anticipate “material fiscal slippage” in the 2024 Budget, despite expenditure pressures associated with the upcoming elections, as well as calls... 


Employment and Labour Minister Thulas Nxesi
Nxesi appoints second National Minimum Wage Commission members
7th February 2024 By: Schalk Burger

Employment and Labour Minister Thulas Nxesi has appointed the second National Minimum Wage (NMW) Commission that will advise on the setting of the national minimum wage and sectoral determinations,... 


Reserve Bank governor Lesetja Kganyago
Kganyago roots for central bank independence
7th February 2024 By: Bloomberg

South African Reserve Bank Governor Lesetja Kganyago defended the independence of the monetary authority, which has faced repeated calls for its mandate to be expanded ahead of elections this year.... 


Power lines
Nersa makes far-reaching changes to tariff rules, but implementation timing uncertain
6th February 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has approved far-reaching changes to the way electricity tariffs will be set in future, but it could still take some time before the rules are... 


petrol pumps
Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday
6th February 2024 By: Darren Parker

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 


Cape Town Mayor Geordin Hill-Lewis
Hill-Lewis urges Ramaphosa to fast-track devolution of rail, policing powers to deal with crises
6th February 2024 By: Sashnee Moodley

Cape Town Mayor Geordin Hill-Lewis is looking to President Cyril Ramaphosa for answers on the delay of the national Rail Devolution Strategy, which could save lower-income families R932-million... 


Corruption protestor
CPI score shows SA edging closer to being failed State – risk body
6th February 2024 By: Sashnee Moodley

Risk body, the Institute of Risk Management South Africa has warned that it is essential to deal with corruption in South Africa if the country is to begin repairing its “poly-crisis”. According to... 


Harvard’s Hausmann bemoans South Africa’s ‘lousy’ economic performance
5th February 2024 By: Bloomberg

South Africa’s woeful economic performance boils down to one key factor — a lack of electricity, according to Harvard University’s Professor Ricardo Hausmann. About two decades of power cuts,... 


Research shows positive effects of Presidential Youth Employment Stimulus programme
5th February 2024 By: Thabi Shomolekae

The Presidential Youth Employment Initiative – Basic Education Employment Initiative (PYEI-BEEI), launched in 2020, has been shown to have economic benefits through an indirect influence on... 


protestors protesting corruption
New Bacsa to support business, govt collaboration in fight against crime, corruption
5th February 2024 By: Darren Parker

Industry body Business Against Crime South Africa (Bacsa) has been confirmed as the primary point of contact for business interaction with government on crime and corruption through government... 


President Cyril Ramaphosa
We are turning ports around, but it will take time – Ramaphosa
5th February 2024 By: Sashnee Moodley

While the recently launched African Continental Free Trade Area will provide advantages for South African companies, the efficiency and competitiveness of the country’s logistics architecture needs... 


South Africa business activity contracts again in January - PMI
5th February 2024 By: Reuters

South African private sector activity contracted for a second consecutive month in January, hurt by weak demand and shipping disruption at the country's major port, a survey showed on Monday. The... 


Jocelyn Evans
Opinion: Addressing fire safety concerns – a critical examination of regulatory compliance in public buildings
2nd February 2024

In this article, South African Institution of Civil Engineering (Saice) members Jocelyn Evans and Professor Richard Walls reflect on the complex issues surrounding fire safety regulatory compliance... 


Neo Hutiri
Royal Academy of Engineering awards South African entrepreneur top prize
2nd February 2024 By: Darren Parker

UK charity the Royal Academy of Engineering has celebrated its tenth anniversary of the Africa Prize for Engineering Innovation, with a medal awarded by UK Princess Royal Anne Mountbatten-Windsor,... 


Dr Juanita Maree
Freight forwarders note some progress in tackling logistics crisis, but call for intensification of collaborative efforts
1st February 2024 By: Terence Creamer

The CEO of the South African Association of Freight Forwarders (SAAFF) believes progress is being made in navigating the ‘perfect storm’ of South Africa’s current logistics crisis, which is... 


Glass bottles on a production line
Absa PMI dips to a low of 43.6 in January
1st February 2024 By: Marleny Arnoldi

January marked a poor start to the year for the Absa Purchasing Managers’ Index (PMI), with its headline index having declined to 43.6 points, down from 50.9 in December. Absa attributes the... 


Itac creates temporary rebate provision for several products
1st February 2024 By: Tasneem Bulbulia

The International Trade Administration Commission of South Africa (Itac) has created a temporary rebate provision for the importation of certain cold-rolled steel and painted steel; a rebate... 


South Africa climbs to 23rd in PwC’s EMEA Private Business Attractiveness Index
1st February 2024 By: Darren Parker

Within the Europe, Middle East and Africa (EMEA) region, South Africa is being looked at in a more favourable light as a location for private business, according to PwC’s latest 'EMEA Private... 


President Cyril Ramaphosa
Ramaphosa says continental market will promote agricultural development, food security as trade begins under AfCFTA
31st January 2024 By: Thabi Shomolekae

President Cyril Ramaphosa said on Wednesday that the start of preferential trade will create great opportunities for growth and development for South Africa and many other African countries.... 


Investec predicts South Africa M&A revival citing ‘renewed optimism’
31st January 2024 By: Bloomberg

Mergers and acquisitions in South Africa are set to rebound this year as the $405-billion economy starts to show signs of recovery, according to Investec. As macroeconomic metrics improve around... 


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