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Economy

Ramaphosa concerned developed countries not meeting climate funding obligations
Updated 6 hours ago By: Sane Dhlamini

President Cyril Ramaphosa has expressed concern that the developed economies are still not meeting their obligations to support developing countries with the finance, technology and capacity... 


BLSA says SOE audits remain cause for concern this year
Updated 6 hours ago By: Marleny Arnoldi

While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business... 


Global economic growth for 2024 to be muted
1st December 2023 By: Schalk Burger

The global economy is expected to remain weak in 2024, but inflation is likely to gradually decrease, and rate cuts may be on the cards in the second half of the year economic forecasting and... 


Curtailment framework submitted to Nersa as new deadline is set for restart of IPP procurement
1st December 2023 By: Terence Creamer

Eskom has confirmed that it has delivered a curtailment framework, as well as its proposed Gated Generator Connection Process (GGCP) to the National Energy Regulator of South Africa (Nersa) for... 


TNPA bolsters interventions at Port of Durban to expedite recovery
1st December 2023 By: Tasneem Bulbulia

Transnet National Ports Authority (TNPA) is assisting terminal operators with implementing the container recovery plan more easily at the Port of Durban by providing a 24-hour helicopter services... 


Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors
1st December 2023 By: Terence Creamer

A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the... 


Factory manager outlook worst since Covid lockdown
1st December 2023 By: Bloomberg

Factory managers in South Africa are the most pessimistic they’ve been about the outlook for business conditions since the strictest months of a Covid-19 lockdown three years ago, amid continuing... 


Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


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Budget

SA debt stress: Govt scrambles to borrow more money
10th November 2023

The South  African government, which is being forced to sell ever more debt than planned because it’s spending more than it makes, is unlikely to reverse this spiral any time soon - especially not... 


Business says Medium-Term Budget lacks clear fiscal plan
2nd November 2023

Business noted on Thursday that while Finance Minister Enoch Godongwana outlined government’s strategy to avoid a full-blown fiscal crisis and systemic risks to the economy, it is concerned that... 


Medium-term budget in a nutshell: It’s going to hurt
1st November 2023

Treasury has been forced to make painful revisions to the latest Medium-Term Budget Policy Statement, which updates government’s spending plans over the next three years, after its expectations in... 


Competition Policy

Tribunal prohibits AkzoNobel's proposed acquisition of Plascon entities in Africa
21st November 2023

The Competition Tribunal has issued an order prohibiting the proposed merger of Amsterdam-based chemicals company AkzoNobel and paint and coatings manufacturers Kansai Plascon Africa (KPA) and... 


SCB to pay R42.7m penalty in exchange rate manipulation matter
15th November 2023

The Competition Commission reports that it has reached a settlement agreement with UK-based multinational bank Standard Chartered Bank (SCB), in which SCB admits liability to the manipulation of... 


Commission recommends tribunal approve Afrimat's proposed buyout of Lafarge but with conditions
6th November 2023

The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction whereby Afrimat intends to acquire Lafarge, with conditions. The commission found that the... 


Labour

BMA assures strike at Lebombo border will not disrupt services
18th October 2023

The Border Management Authority (BMA) has assured that the planned strike action at the Lebombo border by the Nkomazi community on October 18 will be closely monitored to ensure no disruption of... 


Waste industry can mitigate unemployment
6th October 2023

South Africa needs more companies to implement effective waste management systems and principles in their value chains to effect a more circular economy. The country needs a focus on waste... 


TESD increases awareness for industry issues
6th October 2023

Industry body the Temporary Employment Services Division (TESD) – as an affiliate of the Constructional Engineering Association (CEA) – continuously embarks on initiatives for members, non-members... 


Legislative Environment

Commission addressing gaps, challenges in BBBEE
30th November 2023

The Broad-based Black Economic Empowerment (BBBEE) Act, now in its twentieth year, has achieved several successes, but challenges abound, and transformation is not at the requisite level, and the... 


Access to water, logistics infrastructure major hurdles to hydrogen economy
30th November 2023

One of the challenges standing in the way of South Africa becoming a world-class green hydrogen producer is that South Africa is a water-scarce country, and that enormous volumes of water are... 


Standard Bank denies currency manipulation allegations
27th November 2023

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 


Macro & Micro

Ramaphosa concerned developed countries not meeting climate funding obligations
Updated 6 hours ago

President Cyril Ramaphosa has expressed concern that the developed economies are still not meeting their obligations to support developing countries with the finance, technology and capacity... 


BLSA says SOE audits remain cause for concern this year
Updated 7 hours ago

While national and provincial government has made strides in improving financial management, there is also a concerning increase in entities that simply do not complete audits, says Business... 


Global economic growth for 2024 to be muted
1st December 2023

The global economy is expected to remain weak in 2024, but inflation is likely to gradually decrease, and rate cuts may be on the cards in the second half of the year economic forecasting and... 


State Companies

SAAFF welcomes R47bn facility guarantee for Transnet's recovery
Updated 5 hours ago

The South African Association of Freight Forwarders (SAAFF) says the R47-billion facility guarantee extended to Transnet, as announced by the government on December 1, is welcome as it may indeed... 


TNPA bolsters interventions at Port of Durban to expedite recovery
1st December 2023

Transnet National Ports Authority (TNPA) is assisting terminal operators with implementing the container recovery plan more easily at the Port of Durban by providing a 24-hour helicopter services... 


Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


Statistical Releases

South Africa shows economic resilience – Allianz report
13th November 2023

According to a new global insolvency report published by credit insurer Allianz Trade, operating in South Africa through the Allianz Commercial licence, economic resilience has been tested and... 


Visa backlogs causing critical skills deficit, undermining economy
13th November 2023

A lack of critical skills is holding back the South African economy, Business Leadership South Africa (BLSA) CEO Busi Mavuso has said, adding that the country is not solving the problem as fast as... 


South African economy to slow down this year before stabilising in 2024
30th October 2023

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 


Tourism

Transnet expects 175 vessel calls as cruise liner season opens
9th November 2023

Transnet National Ports Authority (TNPA) says it expects 175 vessel calls at South African port cities in the 2023/24 cruise liner season, which opened earlier this month. The vessels are expected... 


Port Elizabeth port to welcome 37 560 passengers as cruise season starts
8th November 2023

The arrival of cruise ship the Vasco da Gama at the Port of Port Elizabeth marked the start of the 2023/24 cruise season in Gqeberha, and the city expects to welcome to its shores 37 560 passengers... 


African travel, tourism can grow by another $168bn with the right efforts – WTTC
7th November 2023

The World Travel & Tourism Council (WTTC) estimates that the African travel and tourism sector could add $168-billion to the continent’s economy and create more than 18-million new jobs, depending... 


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