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Macro and Micro News

Project launched to define role of finance in South Africa and India’s ‘just transitions’ 

By: Terence Creamer     19th January 2021 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa... 

Ramaphosa forms inter-ministerial committee on vaccines, to be led by David Mabuza 

By: News24Wire      19th January 2021 President Cyril Ramaphosa has established an inter-ministerial committee to oversee the roll-out of Covid-19 vaccines in the country. Ramaphosa announced this at a Zoom meeting of the ANC's Progressive Business Forum on Tuesday.  

Business performance, strategy, Covid-19 drive further change in nonexecutive practices 

By: Schalk Burger     19th January 2021 While 2020 was a year of fluctuations and novel challenges, the remuneration of nonexecutive directors continues to be increasingly linked to the performance of businesses, as well as their ability to adapt to new challenges and new demands from stakeholders and shareholders, says professional... 

Business performance, strategy, Covid-19 drive further change in nonexecutive practices
PwC discusses the findings of its 2021 Nonexecutive Directors Practices And Fees Trends' report.

Renergen hoping to highlight importance of diesel dual fuel with new truck 

By: Simone Liedtke     19th January 2021 Emerging natural gas and helium producer Renergen has replaced its old transport truck with a new one, equipped with the diesel dual fuel (DDF) kit and tank from the former truck, in a bid to prove the equipment will “outlast the truck”. While the truck itself is not linked to the company’s... 

Renergen hoping to highlight importance of diesel dual fuel with new truck

AfriSam helps build solid foundation for Cape Town mixed-use development

By: Simone Liedtke     19th January 2021 Variable ground conditions at an upmarket mixed-use development in Cape Town has demanded some innovative solutions from contractor GVK-Siya Zama Construction and readymix specialist AfriSam. At the Old Cape Quarter project in De Waterkant, four floors of luxury apartments are being added to... 

AfriSam helps build solid foundation for Cape Town mixed-use development
A particular challenge was the lack of space in the basement for the use of normal Class 3 formwork.

Concerns about future viability drove M&A activity in last months of 2020

By: Marleny Arnoldi     19th January 2021 In its latest 'Global Mergers & Acquisitions (M&A) Industry Trends' analysis, PwC finds that deal volumes went up 18% in the second half of 2020, while deal values increased by 94%, compared with the first half of the year. Deal activity in the second half of last year experienced a surge... 

After baptism of fire, empowered valves manufacturer on road to recovery 

By: Terence Creamer     19th January 2021 After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners faced a true baptism of fire. CEO and co-shareholder Tumi Tsehlo, who previously headed the South... 

After baptism of fire, empowered valves manufacturer on road to recovery
Tumi Tsehlo

African central bankers out of policy space to fight recessions

By: Bloomberg     19th January 2021 African central bankers meeting in the next two weeks amid a resurgent coronavirus may find they’ve used up most of their interest-rate ammunition to lift their economies out of recessions that still affect much of the continent. Monetary policy committees have limited scope to provide stimulus... 

S Africans have the ability to stimulate economic activity – Ramaphosa  

By: Thabi Madiba     18th January 2021 With public finances under extreme strain because of the cost of the country’s health response to Coronavirus and the social and economic relief measures put in place to assist businesses and poor households, President Cyril Ramaphosa has called on citizens to be innovative and focused in their... 

S Africans have the ability to stimulate economic activity – Ramaphosa
President Cyril Ramaphosa

DEFF issues yellow alert for harmful West Coast red tide, partners prepare for red alert

By: Schalk Burger     18th January 2021 Following the build-up of harmful algal blooms - called red tides - on the West Coast over the past few weeks, the Department of Environment, Forestry and Fisheries (DEFF) has issued a Situation Yellow alert under the West Coast Rock Lobster Contingency Plan and placed all government role-players... 

Glass packagers face R1.5bn hit from alcohol ban - Consol

By: Reuters     18th January 2021 South Africa's glass packaging industry could lose a further R1.5-billion in sales if the latest ban on alcohol sales continues for long, the CEO of glass bottle maker Consol said on Monday. South Africa has recently banned alcohol sales for the third time as part of efforts to free up space for... 

Mavuso bemoans govt exacerbating uncertainty

By: Marleny Arnoldi     18th January 2021 Business Leadership South Africa CEO Busi Mavuso has expressed her view on government spending an increasing amount of time in court defending its regulations to control the spread of Covid-19. She refers to the South African Breweries (SAB) having gone to court to challenge the alcohol ban,... 

Mavuso bemoans govt exacerbating uncertainty
Photo by Creamer Media's Donna Slater
BLSA CEO Busi Mavuso

South African Breweries cancels R2.5bn investment after latest alcohol ban  

By: Reuters     15th January 2021 South African Breweries, part of Anheuser-Busch InBev, has cancelled a further R2.5-billion rand of investment earmarked for 2021 following a third local ban on alcohol sales in the country, it said on Friday. SAB's cancelled investments in South Africa in relation to the ban now total... 

South African Breweries cancels R2.5bn investment after latest alcohol ban

AfCFTA to aid Africa’s recovery from Covid, but full-scale implementation to be challenging

By: Nadine James     15th January 2021 The advent of duty-free trade within the African Continental Free Trade Area (AfCFTA) has come at a “critical time for the global economy” and will ultimately boost sustainable post-Covid-19 economic recovery for the African continent, AfCFTA Secretariat SG Wamkele Mene said during his address at... 

AfCFTA to aid Africa’s recovery from Covid, but full-scale implementation to be challenging

New report highlights growing financing gap for climate adaptation 

By: Terence Creamer     14th January 2021 The United Nations Environment Programme (UNEP) is warning that current levels of climate adaptation finance are woefully inadequate to support the planning and projects needed to limit the social and economic damage that will arise as a result of intensifying climate change. Distinct from... 

New report highlights growing financing gap for climate adaptation

JPMorgan Chase & Co now holds 25% shareholding in Aveng

By: Simone Liedtke     14th January 2021 Investment banking company JPMorgan Chase & Co now owns 25.52% of the total issued ordinary shares of international infrastructure and resources company Aveng. This includes the 19.07%, 3.87% and 2.58% holdings by various JPMorgan Chase & Co subsidiaries. 

Western Cape appoints advisory committee ahead of vaccine roll-out

By: Yvonne Silaule     14th January 2021 The Western Cape government has appointed a vaccine advisory committee to advise on matters including science and ethics throughout the vaccine roll-out process. Premier Alan Winde said the Western Cape government had developed a strategy to ensure that vaccines are rolled out safely, efficiently... 

Western Cape appoints advisory committee ahead of vaccine roll-out
Western Cape Premier Alan Winde

Infrastructure market ‘can only get better’, Siemens South Africa CEO avers 

By: Terence Creamer     14th January 2021 Siemens South Africa CEO Sabine Dall’Omo expresses optimism that the country’s much promised infrastructure-led recovery will finally be implemented from late 2021 onwards, describing preparations for the roll-out as impressive. However, she warns that unless the Covid-19 pandemic is brought... 

Infrastructure market ‘can only get better’, Siemens South Africa CEO avers
Siemens South Africa CEO Sabine Dall’Omo

Information Regulator engaging with Facebook on WhatsApp privacy policy  

By: Thabi Madiba     14th January 2021 South Africa’s Information Regulator said on Thursday that it was committed to ensuring the protection of personal information of South African citizens, following WhatsApp’s revised privacy policy. WhatsApp users are concerned that by accepting the new policy their personal data will be shared... 

Information Regulator engaging with Facebook on WhatsApp privacy policy

AU secures 270-million vaccine doses for African countries

By: Yvonne Silaule     14th January 2021 The African Union, through the African Vaccine Acquisition Task Team, has secured 270-million vaccine doses to supply African countries, with at least 50-million doses available for April to June 2021. Avatt, a 10-member team drawn from across the continent, was established in August 2020 by AU... 

AU secures 270-million vaccine doses for African countries
AU chairperson Cyril Ramaphosa

Higher debt, lower growth to plague sub-Saharan Africa in 2021 - Moody's 

By: News24Wire      14th January 2021 Sub-Saharan African sovereigns will be battling lower growth and revenue as well as higher debt levels and weaker debt affordability into 2021, according to Moody's. The ratings agency on Wednesday issued a 2021 outlook report. It noted that the region will be challenged by the aftermath of... 

Appointment of senior researchers bolsters Brenthurst Foundation research capacity

By: Thabi Madiba     13th January 2021 Johannesburg-based think-tank Brenthurst Foundation director Dr Greg Mills has welcomed the appointment of Dr. Emmanuel Owusu-Sekyere and Professor Lyal White to the Foundation, saying their appointments will bolster the Foundation’s growing research workload across Africa. The Brenthurst... 

Appointment of senior researchers bolsters Brenthurst Foundation research capacity

Alcohol industry applies for deferment of payment of excise duties

By: Tasneem Bulbulia     12th January 2021 The alcohol industry is applying for a deferment of the payment of excise duties until the alcohol ban is lifted, trade association the South African Liquor Brandowners Association (Salba) has said. It stated in a January 12 media release that the industry pays the South African Revenue Service... 

Seifsa laments manufacturing production decline 

By: Simone Liedtke     12th January 2021 November 2020’s decline in the manufacturing production growth rate showed that the South African economy was in for a rough ride to recovery, especially under the current adjusted level 3 Covid-19 pandemic restrictions, the Steel and Engineering Industries Federation of Southern Africa (Seifsa)... 

Vaccine may be ready, but South Africans are mostly not

By: Marleny Arnoldi     12th January 2021 Data from fintech company CompariSure found that a staggering 52% of South Africans do not want to take the Covid-19 vaccine, while President Cyril Ramaphosa on January 11 stressed the importance of the vaccine. He said the country’s vaccine strategy was “well under way”, with 20-million doses... 

Growth in online shopping changing supply chains

By: Schalk Burger     12th January 2021 Over the past year, most parts of the world implemented restrictions and lockdowns to try to halt the spread of Covid-19, which contributed to an increase in online shopping and first-time e-commerce use. Online auction site and marketplace bidorbuy CEO Craig Lubbe says businesses and their... 

South Africa shuts 20 land ports of entry amid growing risk of Covid-19 infections

By: News24Wire      11th January 2021 Covid-19 lockdown restrictions are set to remain largely unchanged for the next month, but land borders will be closed as long queues and congestion there have heightened the risk of infection. "To reduce congestion and the high risk of transmission, Cabinet has decided that the 20 land ports of... 

South Africa shuts 20 land ports of entry amid growing risk of Covid-19 infections

Danish PM to lead IEA commission on making energy transition people-centered 

By: Terence Creamer     11th January 2021 The International Energy Agency (IEA) has announced the creation of a high-level global commission, headed by Danish PM Mette Frederiksen, to investigate how to ensure that people are placed at the heart of the unfolding global clean-energy transition. Speaking during a virtual briefing on... 

Danish PM to lead IEA commission on making energy transition people-centered
Dr Fatih Birol

Oxygen shortage owing to Covid set to impact industrial users

By: Simone Liedtke     11th January 2021 Industrial and specialty gases supplier Air Liquide has confirmed that medical oxygen consumption from hospital customers is “increasing very significantly” and that the necessary reallocation of oxygen supply to serve hospitals had resulted in a force majeure notice being issued to industrial... 

Proudly SA opens bids for hosting of virtual conference

By: Simone Liedtke     11th January 2021 South Africa’s national buy local campaign, Proudly South African (SA), has issued a request for proposals from qualified service providers for the provision and execution of a virtual conference and expo, scheduled for March 8 to 10. All bids must be submitted on or before 15:00 on January 25. 

UK to support South African women entrepreneurs to develop GreenTech businesses

By: Rebecca Campbell     11th January 2021 The UK, through the UK-South Africa Tech Hub, and in partnership with the Future Females Business School, will help 30 South African women entrepreneurs to develop and grow GreenTech businesses, the UK High Commission announced on Monday. In its statement, the High Commission stressed Britain's... 

BLSA’s Mavuso calls for comprehensive vaccine strategy 

By: Simone Liedtke     11th January 2021 Business Leadership South Africa CEO Busi Mavuso has lamented South Africa’s lack of a vaccine strategy and says that, with the end of the festive season, “it became clear” that the basics thereof had not been in development yet. In her first weekly newsletter of 2021, she said that, unlike many... 

BLSA’s Mavuso calls for comprehensive vaccine strategy
Photo by Creamer Media's Donna Slater
BLSA CEO Busi Mavuso

Biggest obstacle for residential property market this year will be unemployment, expert predicts

By: News24Wire      11th January 2021 The biggest obstacle for South Africa's residential property market in 2021 will be a predicted increase in the country's already very high unemployment rate in the wake of the Covid-19 pandemic, according to Berry Everitt, CEO of the Chas Everitt International property group. He expects the... 

Boosts for policy certainty lie in SoNA, Budget and access to vaccines

By: Marleny Arnoldi     11th January 2021 The North West University (NWU) Business School's Policy Uncertainty Index (PUI) remains in deep negative territory, measuring 56.7 in the fourth quarter of 2020, compared with 58 in the third quarter. The PUI is published in January, April, July and October each year. An increase beyond 50... 

Appian Capital Advisory’s second fund reaches $775m cap

By: Simone Liedtke     10th January 2021 Investment advisor Appian Capital Advisory’s second fund was oversubscribed and reached its hard cap of $775-million following strong support from both new and existing Tier 1 investors globally. Called Fund II, the fund will pursue the same proven strategy as Appian’s first fund (Fund I),... 

Appian Capital Advisory’s second fund reaches $775m cap
Atlantic Nickel pit at night

Eskom suspends rolling blackouts as demand ebbs  

By: African News Agency      8th January 2021 South African electricity company Eskom said on Friday it was suspending rolling power cuts implemented this week as demand had dropped ahead of the weekend. Eskom, which supplies about 95 percent of the country’s electricity mainly through coal, however urged consumers to continue using the... 

 Eskom suspends rolling blackouts as demand ebbs

Pfizer-BioNTech vaccine likely effective against SA, UK mutation 

By: News24Wire      8th January 2021 Pfizer Inc and BioNTech’s Covid-19 vaccine appeared to work against a key mutation in the highly transmissible new variants of the coronavirus discovered in the United Kingdom and South Africa, according to a laboratory study conducted by the US drugmaker. The study, yet to be peer-reviewed by... 

Pfizer-BioNTech vaccine likely effective against SA, UK mutation
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