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Economy

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... 


Tribunal orders Emfuleni municipality to provide documents to Cape Gate in excessive pricing matter
15th May 2024 By: Creamer Media Reporter

The Competition Tribunal has ordered the Emfuleni local municipality to provide various documents to steel producer and electricity consumer Cape Gate, which alleges that the municipality... 


Nedbank launches R10m Indalo Fund
15th May 2024 By: Tasneem Bulbulia

Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The... 


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 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... 


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... 


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... 


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Budget

Budget shows an economy treading water, not collapsing – Jammine
23rd February 2024

Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to... 


Innovative interventions needed to turn around underperforming growth trajectory – Agbiz
22nd February 2024

Against the backdrop of a profoundly challenging macroeconomic environment where South Africa’s economy is expected to continue underperforming, averaging at 1.6% growth in the next three years,... 


Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


Competition Policy

Tribunal approves Vitol’s buyout of Engen
25th April 2024

The Competition Tribunal has approved the proposed acquisition of petrol station brand Engen by independent energy marketing and trading company Vitol Emerald, subject to a set of competition and... 


Tribunal approves Afrimat, Lafarge merger with conditions
10th April 2024

The Competition Tribunal has conditionally approved the proposed large merger wherein Afrimat intends to acquire the entire issued share capital of Lafarge South Africa Holdings.   The tribunal’s... 


Tribunal says it confirms settlement agreement with furniture removal companies
20th March 2024

The Competition Tribunal reports that furniture removal companies Stuttafords Van Lines and Pickfords Removals SA have admitted to involvement in a furniture removal cartel and agreed to pay an... 


Labour

South Africa avoids technical recession despite challenges – Deloitte
10th May 2024

With unemployment, loadshedding and a weak economy being front-line issues in the upcoming elections, the incoming administration must drive investment and reform to restart growth, build... 


South African companies struggling to keep pace with e-commerce growth
9th May 2024

While the cost of doing business is increasing, as companies grapple with ad hoc systems, legacy technology, skills gaps and poor infrastructure, global e-commerce companies with a “wealth of... 


SAB launches talent programme, invites young graduates to apply
3rd May 2024

Against the backdrop of a high unemployment rate among South Africa’s youth, beermaker South African Breweries (SAB) has launched the first edition of its SAB Talent Challenge. The SAB explains... 


Legislative Environment

Cliffe Dekker Hofmeyr appoints new dispute resolution director
13th May 2024

Law firm Cliffe Dekker Hofmeyr (CDH) has announced the appointment of new dispute resolution director Marelise van der Westhuizen as of May 1.  CDH CEO Brent Williams noted on May 13 that Van der... 


South Africa becoming a viable international arbitration destination – law firm
3rd May 2024

Law firm Pinsent Masons finds there is increasing interest in South Africa as a viable option for international arbitration. In the dynamic landscape of global commerce, the role of arbitration... 


Enhanced regulation, law enforcement needed to combat scrap metal theft
3rd May 2024

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... 


Macro & Micro

Prescient supports Reatile’s acquisition of stake in 240 MW solar project
16th May 2024

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... 


Ramaphosa acknowledges fear over NHI but describes signing as ‘pivotal moment’
15th May 2024

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

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... 


State Companies

Ramaphosa denies pre-election loadshedding respite is a ‘political ploy’
13th May 2024

President Cyril Ramaphosa has entered the politically charged discussion on the reasons behind the recent dramatic reduction in loadshedding ahead of what is expected to be a highly competition... 


Genuine progress, not electioneering, behind the easing of loadshedding, council says
9th May 2024

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... 


TPT to continue to invest in Durban Pier 2 while legal spat over private partner plays out
8th May 2024

South Africa’s Transnet Port Terminals (TPT) says it will continue to invest in Durban Container Terminal (DCT) Pier 2 while legal proceedings around its selection of International Container... 


Statistical Releases

Transnet volumes, revenue up, but falls short of recovery targets
26th April 2024

State-owned Transnet has reported a 1.5% year-on-year improvement in the total rail volumes reaching 151.7-million tonnes at the end of March 2024, showcasing improvement in operational... 


Reserve bank to cut rates less than earlier thought in 2024 – poll
18th April 2024

South Africa's central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking slightly longer to return to... 


South Africa inflation slows slightly more than expected in March
17th April 2024

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that... 


Tourism

Avis partners with CemAir on new land-and-air travel offering
8th March 2024

Car rental company Avis Car Rental has entered into a partnership with airline CemAir, as part of its commitment to delivering enhanced travel experiences for customers. Central to the partnership... 


SADC Tourism Alliance disaster risk management workshop to help businesses recover faster
6th March 2024

Regional tourism organisation the Southern African Development Community (SADC) Business Council Tourism Alliance has completed a two-day train-the-trainer workshop on tourism disaster risk... 


Rhino poaching in South Africa increases in 2023
27th February 2024

South Africa recorded 499 rhinos poached in 2023, 51 more than the previous year, despite efforts to protect the animals, the government said on Tuesday. South Africa is home to nearly half of the... 


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