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Economy

South Africa evades US censure even as it builds links to rivals
22nd April 2024 By: Bloomberg

South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far. The... 


Project envisions rollout of smart LPG, solar systems, hydrogen stoves to 3.51m indigent households
22nd April 2024 By: Darren Parker

Energy solutions company Kili Energy is spearheading a large-scale initiative, the Kili Energy Clean Energy Democratisation Project, to provide smart liquefied petroleum gas (LPG) canisters and... 


Gates Foundation, EIB launch capital for women entrepreneurs pilot in Kenya
19th April 2024 By: Schalk Burger

Philanthropy organisation the Bill and Melinda Gates Foundation and development finance institution the European Investment Bank (EIB) have launched a €30-million microfinance programme for women... 


Research group reports that the latest El Niño had a significant impact on South Africa
19th April 2024 By: Rebecca Campbell

A South African research group has reported that the 2023/24 El Niño phenomenon was the fourth strongest yet recorded, and that it had a noticeable impact on South Africa. The research team,... 


Elections highlighted as a concern for SME owners, but also promise change
19th April 2024 By: Schalk Burger

Almost half, or 49%, of small and medium-sized enterprise (SME) business owners who responded to the Fourth Quarter 2023 SME Confidence Index by specialist SME financier Business Partners said they... 


NTCSA begins consultations on market code to govern shift towards competitive electricity industry
19th April 2024 By: Terence Creamer

With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment... 


JSE plans overhaul to encourage smaller listings
19th April 2024 By: Bloomberg

The operator of the JSE has proposed easing some listing requirements in a bid to encourage smaller companies to the bourse, removing some of the red tape it says has become an obstacle. The... 


AfDB president calls for political will to kick-start Inga 3 project
19th April 2024

Development finance institution African Development Bank (AfDB) group president Dr Akinwumi Adesina has called for a major political commitment to kick-start construction work on the Democratic... 


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Budget

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... 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
21st February 2024

Development finance institution Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Competition Policy

Competition Commission to tackle economic concentration by large companies, Ramaphosa promises
20th March 2024

Government will be setting a target for the Competition Commission to undertake market inquiries in more strategic sectors of the economy over the next few years to address high levels of economic... 


CAC decision on Sasol pricing opens way for Competition Commission to pursue prosecution
6th March 2024

The Competition Appeal Court's (CAC's) decision to dismiss chemicals and energy company Sasol's application to review the Competition Commission’s investigation into alleged excessive pricing of... 


Commission studying Appeal Court judgment for next course of action
11th January 2024

The Competition Commission is studying the Competition Appeal Court (CAC) judgment, handed down on January 8, and is consulting its legal team before deciding on the next course of action. The CAC... 


Labour

CDE criticises govt’s lack of ambition in its job creation strategy
8th April 2024

South Africa faces an unemployment crisis, and the African National Congress’ (ANC’s) manifesto promise of 3.5-million work opportunities, is considerably inadequate to address this, independent... 


Old govt buildings to be converted into homes for State employees
5th April 2024

Human Settlements Minister Mmamaloko Kubayi wants to convert old and unused government buildings into residential properties for government employees. She said this was part of an effort to do away... 


Labour dept to launch new programme to tackle unemployment
4th April 2024

Employment and Labour Minister Thulas Nxesi on April 4 announced that the Department of Employment and Labour (DEL) would launching a new Unemployment Insurance Fund (UIF) Labour Activation... 


Legislative Environment

CoJ promulgates reviewed municipal planning by-law
9th April 2024

The City of Johannesburg’s (CoJ’s) Development Planning Department has promulgated the recently reviewed municipal planning by-law. The provisions of the reviewed by-law enable the city to simplify... 


Mavuso says visa reform is good and well, but govt capacity may negate the positives
8th April 2024

While it is positive that regulations for digital nomad visas are in place, Business Leadership South Africa CEO Busi Mavuso says it will take resources and leadership to deliver those services... 


Policy uncertainty edging further into negative territory ahead of elections, report shows
3rd April 2024

The North-West University Business School Policy Uncertainty Index veered further into negative territory in the first quarter, at 65.8 index points, compared with the 65.5 index points recorded... 


Macro & Micro

Ramokgopa describes IPP surpluses as low-hanging fruit amid delay in finding contractual solution
22nd April 2024

Electricity Minister Kgosientsho Ramokgopa describes surplus electricity arising from existing renewable energy facilities as “low hanging fruit” in improving the supply-demand balance and reports... 


South Africa evades US censure even as it builds links to rivals
22nd April 2024

South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South, and the approach seems to be working — so far. The... 


Project envisions rollout of smart LPG, solar systems, hydrogen stoves to 3.51m indigent households
22nd April 2024

Energy solutions company Kili Energy is spearheading a large-scale initiative, the Kili Energy Clean Energy Democratisation Project, to provide smart liquefied petroleum gas (LPG) canisters and... 


State Companies

South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
18th April 2024

South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, Finance Minister Enoch Godongwana said, adding he was pondering tax... 


Eskom says modest R9m RCA request not a signal of alignment with Nersa on calculations
17th April 2024

The National Energy Regulator of South Africa (Nersa) has initiated consultations on Eskom’s latest Regulatory Clearing Account (RCA) application for the 2022/23 financial year, where Eskom is... 


Treasury extends deadline for Budget Facility for Infrastructure submissions
16th April 2024

The National Treasury has extended the deadline for submissions to the Budget Facility for Infrastructure (BFI) to May 17 to allow more time for project sponsors to package and submit their... 


Statistical Releases

Treasury welcomes IMF report ranking SA top 3 in fiscal transparency
16th April 2024

The International Monetary Fund’s (IMF’s) Fiscal Transparency Evaluation Report has placed South Africa in the top three countries in terms of transparent fiscal practices, which National Treasury... 


88% of global fossil fuel, cement CO2 emissions linked to 117 producers
4th April 2024

A new report, released on April 4 by InfluenceMap using the Carbon Majors database, shows that 88% of global carbon dioxide (CO2) emissions from fossil fuels and cement from 2016 through 2022 can... 


Policy uncertainty edging further into negative territory ahead of elections, report shows
3rd April 2024

The North-West University Business School Policy Uncertainty Index veered further into negative territory in the first quarter, at 65.8 index points, compared with the 65.5 index points recorded... 


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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