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        <title>Engineering News | Economy</title>
        <description><![CDATA[Latest news on economy, including budget, competition policy, labour & skills development, legislative environment, state companies, tourism and macro and micro industry.]]></description>
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            <title>Local government's day of reckoning has arrived  – Mavuso</title>
            <link>https://www.engineeringnews.co.za/article/local-governments-day-of-reckoning-has-arrived-mavuso-2026-07-13</link>
            <description><![CDATA[National Treasury’s decision to withhold the July equitable share transfer from 69 municipalities follows more than a decade of ignored Auditor-General warnings on municipal deterioration and increasing irregular expenditure says Business Leadership South Africa (BLSA) CEO Busi Mavuso. In her latest weekly newsletter, Mavuso says municipal collapse – now hitting three of South Africa's eight metros, including Johannesburg, Mangaung and Nelson Mandela Bay – directly reflects a failure of leadership and accountability.]]></description>
            <author>Sabrina Jardim</author>
            <category>ECONOMY</category>
            <pubDate>Mon, 13 Jul 2026 10:57:00 +0200</pubDate>
        <a_id>725523</a_id>
        <updated>1783937135</updated>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>Busi Mavuso</image_title>
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            <title>Transforming Africa to capitalise on critical minerals requires dramatic strategy shift</title>
            <link>https://www.engineeringnews.co.za/article/strategy-shift-required-for-africa-to-capitalise-on-critical-minerals-2026-07-13</link>
            <description><![CDATA[The world is entering a new industrial era, built for critical minerals, and this presents an opportunity for Africa to transform its economies, if that transformation is undertaken strategically. This was highlighted by UN Economic Commission for Africa (ECA) deputy executive secretary and chief economist Hanan Morsy, speaking at the Ministerial Forum on Critical Minerals, Value Chain and Beneficiation on July 10, in Abidjan, Côte d’Ivoire.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>CRITICAL MINERALS</category>
            <pubDate>Mon, 13 Jul 2026 10:57:00 +0200</pubDate>
        <a_id>725522</a_id>
        <updated>1783937293</updated>
        <published>1783933020</published>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>UN Economic Commission for Africa deputy executive secretary and chief economist Hanan Morsy </image_title>
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            <title>Namibia secures China deals on infrastructure, mining and energy with state visit</title>
            <link>https://www.engineeringnews.co.za/article/namibia-secures-china-deals-on-infrastructure-mining-and-energy-with-state-visit-2026-07-13</link>
            <description><![CDATA[China on Friday said it would step up cooperation with Namibia in the Southern African state's energy, farming, infrastructure, and minerals sectors during talks in Beijing between Chinese leader Xi Jinping and Namibian President Netumbo Nandi-Ndaitwah. Nandi-Ndaitwah has been on a seven-day visit to China since Sunday, seeking investment from the world's top lender and second-largest economy to help implement election pledges to create jobs and diversify the Namibian economy.]]></description>
            <author>  Reuters</author>
            <category>INVESTMENT</category>
            <pubDate>Mon, 13 Jul 2026 09:49:00 +0200</pubDate>
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        <updated>1783935167</updated>
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        <editor>  Reuters</editor>
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        <image_title>Namibian President Netumbo Nandi-Ndaitwah and Chinese President Xi Jinping</image_title>
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            <title>Godongwana outlines next steps after withholding equitable share transfers of 69 municipalities</title>
            <link>https://www.engineeringnews.co.za/article/godongwana-outlines-next-steps-after-withholding-equitable-share-transfers-to-69-municipalities-2026-07-10</link>
            <description><![CDATA[Finance Minister Enoch Godongwana has outlined what National Treasury expects affected municipalities to do in order to have their equitable share transfers reinstated. Earlier this week, Treasury announced that equitable share transfers to 69 municipalities would be temporarily withheld to instil fiscal discipline, ensure public money is properly managed and to deal with unauthorised, irregular, fruitless and wasteful expenditure by these entities.]]></description>
            <author>Sabrina Jardim</author>
            <category>ECONOMY</category>
            <pubDate>Fri, 10 Jul 2026 15:38:00 +0200</pubDate>
        <a_id>725476</a_id>
        <updated>1783693919</updated>
        <published>1783690680</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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        <image_title>Finance Minister Enoch Godongwana </image_title>
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            <title>Western Cape municipalities increasingly outshining other provinces – MFS Index</title>
            <link>https://www.engineeringnews.co.za/article/western-cape-municipalities-increasingly-outshining-other-provinces-mfs-index-2026-07-10</link>
            <description><![CDATA[Independent governance ratings agency Ratings Afrika’s newest yearly Municipal Financial Sustainability Index (MFSI) confirms the severe financial distress facing the majority of South Africa’s municipalities, with the notable exception being most of the Western Cape’s municipalities, as well as Midvaal, in Gauteng. “The experience of Western Cape municipalities shows that South Africa’s current municipal funding model is not fundamentally flawed or broken,” states the report.]]></description>
            <author>Irma Venter</author>
            <category>MUNICIPALITIES</category>
            <pubDate>Fri, 10 Jul 2026 14:50:00 +0200</pubDate>
        <a_id>725474</a_id>
        <updated>1783695312</updated>
        <published>1783687800</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>The City of Cape Town</image_title>
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            <title>Unified approach crucial to meeting AfCFTA targets</title>
            <link>https://www.engineeringnews.co.za/article/unified-approach-crucial-to-meeting-afcfta-targets-2026-07-10</link>
            <description><![CDATA[A unified approach needs to be adopted by all 55 of the countries that form part of the African Continental Free Trade Area (AfCFTA) in order to reach its initial 2035 target of increasing GDP across the continent by $450-billion, Midlands State University and University of Zimbabwe researcher Edmore Chijoko said during the launch of the New African Thinkers: Trade and Sustainability Under the African Continental Free Trade book. The book launch took place on July 9 at the University of Johannesburg (UJ), in South Africa.]]></description>
            <author>Halima Frost</author>
            <category>TRADE &amp; SUSTAINABILITY</category>
            <pubDate>Fri, 10 Jul 2026 09:00:00 +0200</pubDate>
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        <updated>1783668993</updated>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>SIPHAMANDLA ZONDI
an Africa-led, coherent strategy on sustainable trade would align with continent’s realities, balancing growth, industrialisation, and environmental goals</image_title>
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            <title>Precision-engineered fasteners boost efficiency</title>
            <link>https://www.engineeringnews.co.za/article/precision-engineered-fasteners-boost-efficiency-2026-07-10</link>
            <description><![CDATA[As the global industrial landscape progresses in 2026, it is apparent that a period of “profound transformation” is under way, as the rise in electric vehicle manufacturing and an urgent push for sustainable infrastructure has resulted in significant demand for precision-engineered components, says fastener solutions provider Fastenright. However, the company cautions that these opportunities come with a unique set of challenges, as global supply chains remain delicate, influenced by shifting trade policies and the ongoing recovery of international logistics routes, which can lead to delays and increased costs for manufacturers relying on these components.]]></description>
            <author>Trent Roebeck</author>
            <category>Economy</category>
            <pubDate>Fri, 10 Jul 2026 00:00:00 +0200</pubDate>
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        <editor>Nadine James</editor>
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        <image_title>EFFECTIVE FASTENING 
Fastenright's range of stainless steel fasteners are ideal solutions for vehicle manufacturing, construction and various other industrial purposes</image_title>
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            <title>Collaboration key to energy security, transition – dialogue </title>
            <link>https://www.engineeringnews.co.za/article/collaboration-key-to-energy-security-transition-dialogue-2026-07-09</link>
            <description><![CDATA[With South Africa’s energy sector at a defining moment, with a dual imperative to ensure energy security and a credible transition to a sustainable low-carbon economy, this requires collaboration and a broader role for professional organisations. This was highlighted by speakers during professional organisation the South African Institute of Electrical Engineers’ (SAIEE’s) Strategic Leadership Dialogue, held in collaboration with State-owned utility Eskom and statutory body the Engineering Council of South Africa (ECSA), at the Eskom Academy of Learning, in Midrand, on July 8.]]></description>
            <author>Tasneem Bulbulia</author>
            <category>ENERGY</category>
            <pubDate>Thu, 09 Jul 2026 16:07:00 +0200</pubDate>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>Eskom CE Dan Marokane </image_title>
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