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Macro and Micro News

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... 

Drone technology use on the rise in the wake of Covid-19

By: Simone Liedtke     24th June 2021 There has been a considerable increase in the use of drone technology across various scenarios in the wake of the global Covid-19 pandemic, with drones proving to be “of immense assistance”, says mapping service provider Southern Mapping’s Jaco Wiesner. He explains that the integration of... 

Karpowership SA to appeal after DFFE refuses environmental authorisation on three projects  

By: Terence Creamer     24th June 2021 The Department of Forestry, Fisheries and the Environment (DFFE) has refused to provide Karpowership SA with environmental authorisation for its three powership-based gas-to-power projects, proposed for development at the ports of Richards Bay, Ngqura and Saldanha Bay. The environmental impact... 

Karpowership SA to appeal after DFFE refuses environmental authorisation on three projects

Manuel concerned reforms being hamstrung by a ‘confederation of tsarisms’ in Cabinet  

By: Terence Creamer     24th June 2021 Former Finance Minister Trevor Manuel has expressed concern that progress on economic reforms and the effectiveness of Operation Vulindlela are being hamstrung by a Cabinet that appears to be a "confederation of tsarisms" rather than a collective unit. Speaking during a Centre for Development and... 

Former Finance Minister Trevor Manuel listening to questions posed by the Centre for Development and Enterprise's Ann Bernstein during a webinar this week
Former Finance Minister Trevor Manuel listening to questions posed by the Centre for Development and Enterprise's Ann Bernstein during a webinar this week

IRMSA appoints new female CEO

By: Marleny Arnoldi     23rd June 2021 The Institute of Risk Management South Africa (IRMSA) has appointed Pat Semenya CEO, effective July 1. She succeeds Gillian le Cordeur, who has led the organisation for the past ten years.  

Covid-19's devastation of SMME sector ‘cannot be underplayed’, says small business dept 

By: Simone Liedtke     23rd June 2021 The “devastation” of the Covid-19 pandemic on South Africa’s small-, medium-sized and microenterprises (SMMEs) cannot be underplayed, nor can the importance thereof be over-emphasised, Department of Small Business Development chief director Mojalefo Mohoto has said. Speaking during a Trade and... 

Pityana calls business to account over inequalities

By: Marleny Arnoldi     23rd June 2021 Prominent businessman Sipho Pityana says the trust gap between business and society can only be closed when the private sector addresses the full spectrum of challenges faced in South Africa. Pityana, as chairperson of Izingwe Capital, spoke during the Trialogue Business in Society virtual... 

Izingwe Capital chairperson Sipho Pityana
Photo by Creamer Media
Izingwe Capital chairperson Sipho Pityana

New global costs report confirms new renewables are undercutting existing coal 

By: Terence Creamer     22nd June 2021 The cost of electricity from new solar and wind plants is increasingly undercutting the operating costs alone of existing coal‑fired power plants and strengthening the case for their early retirement, a newly released International Renewable Energy Agency (Irena) report confirms. Published on... 

New global costs report confirms new renewables are undercutting existing coal

South Africa to host vaccine technology transfer hub

By: Yvonne Silaule     22nd June 2021 South Africa has welcomed the opportunity to host a vaccine technology transfer hub and to build on the capacity and expertise that already exists on the continent as Africa struggles to obtain Covid-19 vaccine doses. President Cyril Ramaphosa welcomed the establishment of the first messenger RNA... 

President Cyril Ramaphosa
President Cyril Ramaphosa

PPC mulls several low-carbon opportunities as it shows signs of business stabilisation 

By: Terence Creamer     21st June 2021 Cementitious products manufacturer PPC is considering several initiatives aimed at lowering the carbon footprint of its operations and products as its far-reaching organisational and financial restructuring begins yielding results and creates space for the JSE-listed group to start focusing on... 

PPC CEO Roland van Wijnen
PPC CEO Roland van Wijnen

BLSA CEO pays tribute to former chairperson Jabu Mabuza

21st June 2021 In her weekly newsletter, Business Leadership South Africa CEO Busi Mavuso pays tribute to Jabu Mabuza. Today we will be bidding farewell to one of business’s giants and former BLSA chairperson Jabu Mabuza during his memorial service which will be held at 10:00. He helped business find its voice... 

Jabu Mabuza
Photo by Creamer Media's Donna Slater
Jabu Mabuza

Draft data, cloud policy not aimed at controlling data, says Ndabeni-Abrahams 

By: Schalk Burger     18th June 2021 Communications and Digital Technologies Minister Stella Ndabeni-Abrahams on June 18 said the draft Data and Cloud Policy was not intended to control and direct how data should be used, but aims to serve as an enabler for socioeconomic development. She was speaking at a colloquium to discuss the... 

S Africa won’t budge on State wage bill, finance chief says 

By: Bloomberg     17th June 2021 South African Finance Minister Tito Mboweni told an investment conference the Treasury won’t back down on its insistence that any wage agreement for state workers mustn’t breach the government’s fiscal ceiling. Mboweni made the comments at a conference organized by JSE Ltd. and sponsored by... 

Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

Emergency power fiasco compounds South Africa’s energy crisis

By: Bloomberg     17th June 2021 The debacle surrounding South Africa’s bid to secure emergency power supplies has highlighted a dysfunctional energy policy that’s subjecting Africa’s most-industrialised nation to intermittent blackouts. Since March, the energy department has identified companies it wants to provide almost 2 000... 

Emergency power fiasco compounds South Africa’s energy crisis

South Africa will continue to remove barriers to growth and investment, Ramaphosa tells investors 

By: Terence Creamer     17th June 2021 Having already announced a key reform for the electricity sector, President Cyril Ramaphosa told international investors on Thursday that the country will continue to remove barriers to growth and investment through the Operation Vulindlela delivery mechanism. In an address to the SA Tomorrow... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Business sector mourns loss of Jabu Mabuza to Covid-19 complications

By: Schalk Burger     17th June 2021 The business sector, State-owned power utility Eskom and family members have paid tribute to Dr Jabu Mabuza, describing him as a man of integrity, courage and honesty. Mabuza passed away on June 16 from Covid-19-related complications. “Jabu was a role model for all South Africans who aspire to... 

Dr Jabu Mabuza
Photo by Creamer Media's Donna Slater
Dr Jabu Mabuza

IMF says Zimbabwe economy to grow 6%, deep reforms needed

By: Reuters     17th June 2021 The International Monetary Fund forecast that Zimbabwe's economy would grow 6% this year, almost double its initial projection, but said debt restructuring and other reforms were needed to create the conditions for a lasting recovery. The Fund said higher agriculture output and improved power... 

Ramaphosa announces move to Level 3 lockdown 

By: Creamer Media Reporter      15th June 2021 President Cyril Ramaphosa has announced that the country will move to Level 3 lockdown from June 15. A curfew will be in place from 22:00 to 04:00 and gatherings will be limited to 50 people indoors and 100 people outdoors. 

President Cyril Ramaphosa
President Cyril Ramaphosa

Ramaphosa to address nation on Covid-19 response 

By: Sashnee Moodley     15th June 2021 As South Africa heads into the third wave of the Covid-19 pandemic, President Cyril Ramaphosa is set to address the nation at 20:00 on Tuesday. According to a statement from the Presidency, he will provide updates on developments in government’s current response to the Covid-19 pandemic. This... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Suppliers to lose contracts for failing to cut carbon emissions – study

By: Donna Slater     15th June 2021 A new study by financial services provider Standard Chartered reveals that multinational companies will cut suppliers for failing to curb carbon emissions, with 78% of multinational corporations (MNCs) planning to cut ties with suppliers that endanger their carbon transition plans by 2025. For... 

PwC embarks on new global strategy to tackle modern issues 

By: Donna Slater     15th June 2021 Assurance, advisory and tax services firm PwC launched its new network strategy narrative – called The New Equation – on June 15, with the aim of focusing on two interconnected needs that clients are facing and will increasingly face in the coming years. PwC Africa CEO Dion Shango says The New... 

PwC Africa CEO Dion Shango
Photo by Creamer Media's Donna Slater
PwC Africa CEO Dion Shango

Global stock-taking report points to only modest renewables gains in total final energy consumption 

By: Terence Creamer     15th June 2021 A new international stock-take of the global transition to renewable energy highlights an “alarming gap between targets and actions” with the share of fossil fuels in energy consumption failing to decrease for the tenth consecutive year in 2020, despite a 4% Covid-linked fall in demand. Published... 

Global stock-taking report points to only modest renewables gains in total final energy consumption

Nigeria’s cratering economy may become Africa’s biggest threat

By: Bloomberg     15th June 2021 If there was ever a time Nigeria could have taken off, it was in 1999. Democracy had been restored, with its economy reopening after decades of mismanagement and plunder under military dictatorships. Tomi Davies, a systems analyst, was one of thousands of Nigerians who came home to help rebuild... 

G7 DFIs, partners to invest over $80bn in African businesses

By: Donna Slater     14th June 2021 Development finance institutions (DFIs) of the Group of Seven (G7) economies, together with several multilateral partners, have announced their commitment to investing $80-billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. Among... 

BLSA applauds electricity, SAA decisions

By: Marleny Arnoldi     14th June 2021 The privatisation of South African Airways (SAA) and the increase of the embedded generation licencing threshold to 100 MW are the kind of dramatic interventions needed to get the economy going, says Business Leadership South Africa (BLSA). CEO Busi Mavuso believes these events have signalled... 

Fluor repositions South African unit to support energy transition drive 

By: Terence Creamer     14th June 2021 Global engineering and construction company Fluor, which has been closely associated with South Africa’s liquid fuels and chemicals industries since the 1960s, has restructured its South African operations to align with the unfolding transitions under way in the energy and mining sectors. Fluor... 

Fluor South Africa GM Bill Langenbach
Fluor South Africa GM Bill Langenbach

Infrastructure and import substitution at heart of new master plan’s vision for steel revival  

By: Terence Creamer     11th June 2021 A new master plan aimed at stabilising South Africa’s steel industry and creating a platform for the revival of the country’s embattled downstream steel fabricators was signed by representatives from business, labour and government on Friday. The ceremony, which took place amid the constant hum... 

Trade, Industry and Competition Minister Ebrahim Patel signs the Steel Master Plan as Numsa's Irvin Jim prepares to do likewise
Trade, Industry and Competition Minister Ebrahim Patel outlines the main pillars of the Steel Industry Master Plan at a signing ceremony held at Hall Longmore’s factory in Wadeville, in Gauteng. Camera Work: Kutlwano Matala. Editing: Nicholas Boyd.

UK to donate 100-million Covid-19 vaccine doses to developing countries

By: Rebecca Campbell     11th June 2021 The UK will, over the next 12 months, donate a minimum of 100-million surplus Covid-19 vaccine doses to countries all around the world. This was announced on Friday by British Prime Minister Boris Johnson, ahead of the start of the summit of the leaders of the Group of Seven (G7) major democratic... 

Nxesi reports on challenges, successes in labour market’s handling of pandemic

By: Tasneem Bulbulia     11th June 2021 Government, working with social partners, was able to mitigate some of the effects of the pandemic and lockdowns, Employment and Labour Minister Thulas Nxesi said on June 11 during a media briefing on his department’s role in mitigating the worst effects of Covid-19 in the labour market. This, he... 

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