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Finance Minister Enoch Godongwana
Finance Minister Enoch Godongwana
Godongwana draws down R150bn from gold and forex account to reduce borrowings and debt-service costs
Updated 20 minutes ago By: Terence Creamer

Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government’s treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in R150-billion in drawdowns from the account over the... 


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World Bank agency guarantees are supporting green energy transition in Africa
Updated 1 hour 29 minutes ago By: Rebecca Campbell

The Multilateral Investment Guarantee Agency (MIGA) of the World Bank had so far supported 16 renewable energy projects in South Africa, with a total generating capacity of 1.4 GW, reported MIGA VP... 


Consumers
South African inflation picks up in January
Updated 3 hours ago By: Reuters

South Africa's headline consumer inflation quickened to 5.3% year on year in January from 5.1% in December, data showed on Wednesday. Key contributors to the annual inflation rate included food,... 


Coleus Packaging MD Ian Victor; Nokusa Packaging MD Phillip Sathekge and Astir Vitogiannis MD Stelios Vitogiann in front of Coleus' new PMC500 machine
Bottle cap manufacturer notes production volume, cost benefits of new machine
Updated 1 hour 52 minutes ago By: Trent Roebeck

Metal crown cap manufacturer Coleus Packaging has acquired a new machine, the PMC500, for its factory in Alrode, Alberton, in order to increase its production of closures for the beer and beverage... 


Incoming Aveng CEO Scott Cummins
No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar
20th February 2024 By: Terence Creamer

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 


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Milken-Motsepe finalists in South Africa to showcase their off-grid, green energy designs
20th February 2024 By: Irma Venter

Bold, scaleable and collaborative – these are the three characteristics of the project that will clinch the $1-million Milken–Motsepe Prize in Green Energy, says Milken Institute senior director Dr... 


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Volkswagen Africa builds 1.5-millionth export vehicle
20th February 2024 By: Irma Venter

Volkswagen Group Africa (VWA) this week celebrated building the 1.5-millionth vehicle built at the Kariega plant for the export market. The milestone vehicle, a Polo GTI destined for the UK, also... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


Roads
Dispute over 5km road could highlight far bigger roadbuilding problem for Gauteng
20th February 2024 By: Terence Creamer

A legal dispute over the granting of an environmental authorisation for a 5-km new road, the K148, in southern Gauteng has the potential to highlight serious legal impediments to the development of... 


Illegal miners
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
Updated 3 minutes ago By: Darren Parker

The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to... 


President Cyril Ramaphosa
Ramaphosa sets May 29 election date
20th February 2024 By: Reuters

South Africa will hold national and provincial elections on May 29, President Cyril Ramaphosa's office said on Tuesday. "I call on all South Africans to exercise their democratic right to vote and... 


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MeerKAT radio telescope a beacon of technological development in South Africa
20th February 2024 By: Rebecca Campbell

More than 260 scientific papers have so far been published, using data gathered by South Africa’s MeerKAT radio telescope array, with 40% of them being published in the past year, highlighted... 


SU opens new avenues for localisation with high-tech micro-manufacturing machine
20th February 2024 By: Marleny Arnoldi

In a first-of-its-kind for Africa, the Department of Electrical and Electronic Engineering in the Faculty of Engineering at Stellenbosch University (SU) has acquired a micro-manufacturing machine... 


Vukile CEO Laurence Rapp
Vukile raises R1bn for acquisitive growth
20th February 2024 By: Marleny Arnoldi

JSE-listed Vukile Property Fund will issue R1-billion of new ordinary shares following a successful accelerated bookbuild, with the funds to be used to capitalise on a pipeline of growth... 


SA Canegrowers maintains sugar tax increase will destroy jobs
20th February 2024 By: Marleny Arnoldi

Ahead of Finance Minister Enoch Godongwana’s Budget Speech on February 21, industry body the South African Cane Growers’ Association (SA Canegrowers) has called on National Treasury to prioritise... 


Unemployed persons sitting on a kerb
Unemployment rate to remain high this year, Nedbank warns
20th February 2024 By: Schalk Burger

Financial services firm Nedbank expects employment growth to soften this year, before picking up more convincingly next year. “The unemployment rate will, therefore, remain high,” the bank said on... 


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Magazine

Magazine round up | 16 February 2024
Magazine round up | 16 February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

COLLATERAL DAMAGE
COLLATERAL DAMAGE

Egypt’s Suez Canal revenue plunged by almost half in January after attacks by Houthi militants on Red Sea vessels forced major shipping firms to avoid the waterway. Income was about $428-million... 

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Let’s all do our bit to put South Africa back on an upward economic trajectory

As the Investing in African Mining Indaba event highlighted in Cape Town last week, our continent hosts, in considerable volume, very many of the minerals needed for the just energy transition and... 

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Reform momentum

From an economic perspective, the most important signal provided by President Cyril Ramaphosa in his State of the Nation Address was that the reform agenda remains in place, and that it will be... 

Business Leader

Pearl Mashabane: Diversity, equity and inclusion (DEI) leader for Africa and the Middle East at Cummins
Pearl Mashabane

This week we profile Pearl Mashabane, the diversity, equity and inclusion leader for Africa and the Middle East at Cummins, which manufactures, distributes and maintains diesel engines and power... 

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BUDGETARY MAZE

It is now almost impossible to remember a time when commentators were not describing the South African Budget as the most difficult ever for a post-apartheid Finance Minister to navigate. Given... 

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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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Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT 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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SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

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