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Macro and Micro News

Ramaphosa to address nation as violence, looting persist   

By: Thabi Madiba     12th July 2021 President Cyril Ramaphosa will address the nation, on Monday, on government’s response to the unrest in parts of the country. This after protests against the imprisonment of former President Jacob Zuma turned violent over the weekend, with looting and violence making headlines in KwaZulu-Natal... 

Cape storm could cause lengthy power outages, warns Eskom

By: News24Wire      12th July 2021 Severe winter weather in the Western Cape poses a threat to Eskom's network, the power utility warned on Monday. In a statement, Eskom said strong winds, extreme cold and heavy rainfall could affect electricity supply, potentially leaving some customers with prolonged periods without power. 

Spreading violence after Zuma jailing hits South Africa's rand

By: Reuters     12th July 2021 South Africa's rand tumbled more than 2% on Monday, battered by an outbreak of violence and looting after the jailing of former president Jacob Zuma. South Africa's Defence Force said on Monday it would deploy soldiers in the Gauteng and KwaZulu-Natal provinces to assist law enforcement agencies.... 

Despite tailwinds, South Africa’s recovery could fade into ‘another lost decade’ without reforms 

By: Terence Creamer     12th July 2021 The World Bank expects South Africa to grow by 4% in 2021, supported by the strong global economic recovery from Covid and favourable commodity prices. However, the bank also warns that the medium-term outlook remains uncertain and will depend largely on whether the country is able to implement... 

Image of large mining vehicles at an iron-ore mine
Commodity prices supporting South Africa rebound

SANDF deploys soldiers in Gauteng and KwaZulu-Natal

By: Thabi Madiba     12th July 2021 The South African National Defence Force said on Monday it would deploy soldiers to support the South African Police Service in Gauteng and KwaZulu-Natal. Protests against the incarceration of former President Jacob Zuma turned to violent looting. The SANDF has stressed that its objective is to... 

SANDF deploys soldiers in Gauteng and KwaZulu-Natal

Govt, business engagement can save lost jobs, pleads BLSA

By: Marleny Arnoldi     12th July 2021 Some occurrences in recent weeks have boosted business confidence in South Africa but policy direction remains unnecessarily hostile to business, especially the alcohol industry, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. She lists the occurrences as improvements in... 

Saving lives, preventing more business closures a priority – Ramaphosa 

By: Thabi Madiba     12th July 2021 President Cyril Ramaphosa said on Monday that in dealing with the Covid-19 pandemic, government has sought to balance saving lives and preserving livelihoods in an evidence-based manner; however, he acknowledged that restrictions have detrimentally impacted businesses. He stated that, for now,... 

Image of South Africa's President Cyril Ramaphosa
President Cyril Ramaphosa

Level 4 restrictions bring some relief for restaurants, gyms and cash-strapped workers

By: News24Wire      12th July 2021 Restaurants can now open for sit-down meals, the government's employees' relief scheme is set to be extended, but alcohol remains banned. During a televised national address on Sunday, President Cyril Ramaphosa announced these adjusted Level 4 regulations as South Africa battles a third... 

South African President Cyril Ramaphosa
President Cyril Ramaphosa

Johannesburg’s mayor Makhubo dies after contracting coronavirus

By: Bloomberg     9th July 2021 The mayor of Johannesburg, South Africa’s economic hub and largest city, has died after contracting the coronavirus. Geoff Makhubo took office in December 2019 after the ruling party wrested control of the city from an opposition coalition. He was hospitalized after becoming infected with... 

Mantashe 'grapples' with difference between a permit and licence as 100-MW reform drafting nears completion  

By: Terence Creamer     7th July 2021 Mineral Resource and Energy Minister Gwede Mantashe says that a revised amendment to Schedule 2 of the Electricity Regulation Act, reflecting an increase in the licence-exemption cap from 1 MW to 100 MW, will be finalised within the coming week and will be shared with The Presidency “so that we... 

Photograph of Mineral Resource and Energy Minister Gwede Mantashe
Mineral Resource and Energy Minister Gwede Mantashe

Gauteng Treasury loses R6m after bungled Microsoft payment 

By: News24Wire      7th July 2021 The Gauteng Department of Treasury has lost more than R6-million after it mistakenly paid for services in dollars instead of rand. The department erroneously paid $20-million instead of R20-million as per e-Government payment advice for the cost of Microsoft fees, Democratic Alliance spokesperson... 

Image of South African currency

Congo names ex-IMF official as first woman central bank head

By: Bloomberg     7th July 2021 Democratic Republic of Congo named Malangu Kabedi-Mbuyi as its first female central bank governor, according to the office of President Felix Tshisekedi. Kabedi-Mbuyi replaces Deogratias Mutombo, who was in the position for eight years. 

EOH reiterates commitment to transparency amid possible blacklisting

By: Simone Liedtke     6th July 2021 The State Information Technology Agency (SITA) is due to make its recommendations to the National Treasury soon about whether information technology services company EOH should be blacklisted from participating in State tenders. In response, EOH on July 6 reiterated its stance that it has treated... 

Govt still remiss in its consultation with private sector on Covid-19 lockdowns, says BLSA

By: Donna Slater     5th July 2021 Despite the improvements in government’s approach to tackling the Covid-19 pandemic and associated lockdown regulations, Business Leadership South Africa CEO Busi Mavuso says government has still not embraced consultation with the private sector. She points out this has been a case in point with... 

South African factory activity expands at slower rate in June - PMI

By: Reuters     5th July 2021 South African private sector activity expanded at a slower rate in June as output fell for the first time this year and growth in new orders stalled, a survey showed on Monday. IHS Markit's Purchasing Managers' Index (PMI) fell to 51.0 in June from 53.2 in May, staying above the 50 level that... 

Business community mourns the tragic passing of Rob Legh

By: Creamer Media Reporter      2nd July 2021 Business Unity South Africa (Busa) says it notes with shock and sadness the passing of Rob Legh on Thursday, July 1. "We express our sincere and heartfelt condolences to Rob’s family, his wife Kathryn and children India and Tommy, as well as his colleagues. 

KfW issues RFI for €200m South African green-hydrogen programme 

By: Terence Creamer     2nd July 2021 A request for Information (RFI), aimed at gathering information on potential green hydrogen project opportunities in South Africa, has been released. The RFI has been issued by the Council of Scientific and Industrial Research (CSIR) and Meridian Economics on behalf of German development bank... 

KfW issues RFI for €200m South African green-hydrogen programme

Climate Commission sees no downside to more ambitious emissions pledge 

By: Terence Creamer     2nd July 2021 South Africa’s Presidential Climate Commission (PCC) has recommended that government make an improved carbon-reduction commitment to the United Nations Framework Convention on Climate Change in its updated Nationally Determined Contribution (NDC) and should also confirm a long-term target of... 

President Cyril Ramaphosa
President Cyril Ramaphosa

PwC warns manufacturing, mining ICS systems facing cyber-threats

By: Schalk Burger     1st July 2021 Advisory multinational PwC has highlighted emerging cyber-threats affecting the mining and manufacturing sectors, particularly among South African and other Africa-based organisations. The technologies most targeted by attackers within these sectors are industrial control systems (ICS), which are... 

Decision on Sinovac vaccine to be announced soon – SAHPRA 

By: Thabi Madiba     1st July 2021 The South African Health Products Regulatory Authority CEO Dr Boitumelo Semete-Makokotlela announced that a decision on the Sinovac vaccine will be communicated in the coming days. Last month, SAHPRA revealed that applications had been received for the Sputnik V and Sinovac’s Coronavac vaccines... 

SAHPRA CEO Dr Boitumelo Semete-Makokotlela
SAHPRA CEO Dr Boitumelo Semete-Makokotlela

Higher education dept establishes programme to strengthen student health amid third wave

By: Yvonne Silaule     1st July 2021 The Department of Higher Education and Training has, through its Higher Health agency, established a district campus health and wellness mobile clinic healthcare programme to strengthen student health and wellness services at campuses in underprivileged communities. Minister of Higher Education,... 

Importance of SARB’s independence underlined during centenary celebration 

By: Terence Creamer     30th June 2021 The importance of the South African Reserve Bank’s (SARB’s) independence was underlined repeatedly during a virtual celebration held on Wednesday to mark the institution’s centenary. In her address, International Monetary Fund MD Kristalina Georgieva described the SARB as a “role-model of... 

To mark its centenary, the SARB will issue a commemorative circulation R5 coin
To mark its centenary, the SARB will issue a commemorative circulation R5 coin

South Africa needs to improve the inclusiveness of the economy

By: Schalk Burger     30th June 2021 Policy research and development think tank the Centre for Development and Enterprise (CDE) notes in a new report that there is limited empirical information on which to base policies to support the growth of small, medium-sized and microenterprises (SMMEs) and grow the inclusiveness of the... 

Mercedes-Benz South Africa starts production of new C-Class 

30th June 2021 Mercedes-Benz South Africa in June started production of the new C-Class, the W206, at its East London plant, in the Eastern Cape. Tasneem Bulbulia attended the launch. 

Mercedes-Benz South Africa starts production of new C-Class
Mercedes-Benz South Africa starts production of new C-Class

Digital skills hub to provide free access to MS Office 365 for South Africa's youth

By: Schalk Burger     29th June 2021 Information technology (IT) multinational Microsoft South Africa and digital skills organisation SAtion have formed a partnership to enhance the employability of youth through online platform the SAtion Digital Skills Hub. The hub will provide free access to Microsoft Office 365 suite technology,... 

Support income for sectors closed by govt under discussion – Thulas Nxesi 

By: Thabi Madiba     29th June 2021 Employment and Labour Minister Thulas Nxesi announced on Tuesday that the department’s social partners will be engaging at the National Economic Development and Labour Council this week to thrash out a plan for income support for sectors closed by the government – in particular the alcohol... 

Employment and Labour Minister Thulas Nxesi
Photo by Creamer Media
Employment and Labour Minister Thulas Nxesi

EOH confirms it is seeking damages from former CEO, CFO and other execs

By: Schalk Burger     29th June 2021 Information technology services company EOH on June 29 confirmed that it has filed civil claims and is suing several former EOH executives including former CEO Asher Bohbot, former CFO John King, former public sector head Jehan Mackay and former EOH International head Ebrahim Laher for about... 

Former EOH CEO Asher Bohbot
Photo by Creamer Media
Former EOH CEO Asher Bohbot

South Africa FDI inflows narrow to R6.1bn in first quarter

By: Reuters     29th June 2021  South Africa's foreign direct investment (FDI) inflows narrowed to R6.1-billion in the first quarter of this year from R16-billion in the fourth quarter of 2020, the central bank said on Tuesday. "The increase in non-resident parent entities equity investment in domestic subsidiaries more than... 

New restrictions putting many jobs at risk, commentators warn

By: Donna Slater     28th June 2021 Following President Cyril Ramaphosa’s announcement of the move to adjusted Alert Level 4 Covid-19 restrictions and the accompanying ban on alcohol sales, the South African Liquor Brandowners Association (Salba) is requesting government to reassess its measures and to focus on its vaccine rollout... 

Govt renews alcohol ban, announces school closures

By: Chanel de Bruyn     27th June 2021 Amid a massive resurgence in Covid-19 infections, President Cyril Ramaphosa has announced a renewed ban on the sale of alcohol as the the country moves to an adjusted Alert Level 4 lockdown. In an address to the nation, he said the rapid spread of the Delta variant, which has now been detected in... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Property confiscation will negatively impact the poor – Free Market Foundation

By: Thabi Madiba     25th June 2021 The Free Market Foundation has maintained that property confiscation and nationalisation will not resolve the country’s land dispossession legacy, instead, it will make life even more difficult for the poor. FMF published a new research paper Private Property, Public Interest: Alternatives to... 

Martin van Staden
Martin van Staden

Vaccine registration for people 50 and over opens July 1   

By: Sane Dhlamini     25th June 2021 Acting Health Minister Mmamoloko Kubayi-Ngubane announced on Friday that South Africans aged between 50 and 59 years can register for the Covid-19 vaccine from July 1, with vaccinations for this age group scheduled to begin July 15. South Africa is battling a third wave of the pandemic, with... 

Acting Health Minister Mmamoloko Kubayi-Ngubane
Acting Health Minister Mmamoloko Kubayi-Ngubane announces that vaccine registration for people aged 50 and over opens July 1 (Camera: Kutlwano Matlala, Editing: Nicholas Boyd)

Pipes, tubes demand strong in housing sector

By: Darren Parker     25th June 2021 Demand for piping and tubing from the housing sector has remained buoyant throughout the Covid-19 pandemic, says pipe and tube manufacturer Stewarts & Lloyds sales manager Clayton Greer. He explains that plumbing service providers “had plenty of ongoing work” repairing and maintaining existing... 

LOOKING UP
Stewarts & Lloyds Projects supplied all the piping and fittings for the fire protection system, hanging material and fire water system for Steyn City
LOOKING UP Stewarts & Lloyds Projects supplied all the piping and fittings for the fire protection system, hanging material and fire water system for Steyn City

Price volatility affecting pipe manufacturing

By: Darren Parker     25th June 2021 Price volatility in the plastics industry has been extreme over the past year, owing to the impact of Covid-19 on the supply of input chemicals, such as alcohol. Moreover, the subsequent lockdown, as well as load-shedding, interruptions in water supply, price hikes over the past few months, and... 

THE RIGHT STUFF It is important for clients to ensure that they purchase quality products from reputable suppliers
THE RIGHT STUFF It is important for clients to ensure that they purchase quality products from reputable suppliers

Advisory committee recommends a hybrid of Level 3 and 4 for Gauteng

By: News24Wire      24th June 2021 The Gauteng premier's advisory committee on Covid-19 recommends the province be placed under a hybrid of Level 3 and 4 lockdown. Gauteng is currently the epicentre of the Covid-19 pandemic, having recorded 10 806 new cases on Wednesday. 

Police presence to increase in Gauteng, Charlotte Maxeke to open as province battles third wave 

By: Sashnee Moodley     24th June 2021 Gauteng Premier David Makhura begged the province’s residents on Thursday not to go out if there is no reason to, as he revealed that one out of every three people in Gauteng is likely to be carrying the Covid-19 virus. The province is in the midst of a third wave of Covid-19 infections and its... 

Gauteng Premier David Makhura
Gauteng Premier David Makhura

Year-on-year food inflation in May the highest since July 2017

By: Rebecca Campbell     24th June 2021 Food and non-alcoholic beverage inflation in South Africa increased in May by 6.7% in year-on-year terms, the Bureau for Food and Agricultural Policy (BFAP) has reported in its latest “Food Inflation Brief”. The organisation pointed out that there has been a trend of increasing food and... 

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