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Macro and Micro News

IMF nations approve record $650bn to aid virus fight

By: Bloomberg     3rd August 2021 The International Monetary Fund approved the biggest resource injection in its history, with $650-billion meant to help nations deal with mounting debt and the fallout from the Covid-19 pandemic. The creation of the reserve assets – known as special drawing rights – is the first since the... 

Other procurement plans not affected by RMIPPPP deadline delay to end Sept – DMRE  

By: Terence Creamer     2nd August 2021 The deadline for projects selected as preferred bids under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) to reach commercial close has been extended to September 30, from an initial deadline of the end of July. However, the Department of Mineral Resources and... 

Photo of Minister Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Minister Gwede Mantashe announced the initial end-July commercial-close deadline on March 18

Govt releases land for restitution claims 

By: Thabi Madiba     2nd August 2021 Public Works and Infrastructure Minister Patricia de Lille has approved the release of various parcels of land in the North West, Western Cape and Mpumalanga provinces for three claimant communities. Government opened the land restitution claims process in 1994 to allow families and communities... 

Image of land

Ramaphosa sees big green economy opportunity in ‘bold’ climate commitment  

By: Terence Creamer     30th July 2021 President Cyril Ramaphosa says it is time for South Africa to “grasp the nettle” and embark on a “transformative path” towards a climate-resilient society both to fulfil its moral obligations in the face of an intensifying crisis, but also to seize the economic and job opportunities that are... 

Photo of President Cyril Ramaphosa
President Cyril Ramaphosa

Govt's R38.9bn relief package  

29th July 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the R38.9-billion relief packaged unveiled by Finance Minister Tito Mboweni to support businesses affected by the recent riots in KwaZulu-Natal and Gauteng, as well as to support poor citizens and vulnerable... 

Image of Terence Creamer
Govt's R38.9bn relief package

Stakeholders target 1m vaccinations every 3 days 

By: Thabi Madiba     29th July 2021 Business for South Africa (B4SA) on Thursday lauded its partnership with the Department of Health citing the integrated programme to administer vaccines equitably and efficiently ahead of a possible fourth wave of the Covid-19 pandemic. Stakeholders working together have secured doses to achieve... 

Stakeholders target 1m vaccinations every 3 days

South African banks count cost of replacing ATMs looted during unrest

By: Reuters     29th July 2021 South African banks said on Thursday that replacing 1 400 automatic teller machines (ATMs) vandalised and looted during recent violent unrest could take about two months. As much as R20-million could have been taken, "however that is a rough estimate," according to Bongiwe Kunene, managing... 

Capitec Bank

Meat import associations call for perishables to be moved to inland cold storage facilities

By: Schalk Burger     29th July 2021 The South African Meat Processors Association (Sampa) and the South African Association of Meat Importers and Exporters (AMIE SA) have called for an action plan to ensure imported perishable food containers are re-routed to inland cold storage facilities, as KwaZulu-Natal facilities have been... 

UIF allocates R5.3bn for TERS unrest benefit – Nxesi

By: Donna Slater     28th July 2021 The Unemployment Insurance Fund (UIF) has set aside R5.3-billion for the new Temporary Employer/Employee Relief Scheme (TERS) benefit to help employees and employers negatively impacted by the civil unrest in KwaZulu-Natal and parts of Gauteng in mid-July, Employment and Labour Minister Thulas... 

Numsa rejects Seifsa’s wage offer

By: Marleny Arnoldi     28th July 2021 The National Union of Metalworkers of South Africa (Numsa) has declared a deadlock in wage negotiations with the Steel Federation of Southern Africa (Seifsa). Seifsa and labour unions Numsa, Solidarity and Uasa on July 28 continued with negotiations over the proposed 4.4% wage increase offer. 

Tax from ‘resilient’ mining sector underpins R38.9bn post-riot relief package  

By: Terence Creamer     28th July 2021 Tax revenues from South Africa’s high-flying mining industry have provided the financial underpin for a new R38.9-billion relief package unveiled by Finance Minister Tito Mboweni on Wednesday to support businesses devastated by recent looting and property destruction and to provide ongoing relief... 

Photo of Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

SAPVIA calls for clarity on local content requirements

By: Creamer Media Reporter      28th July 2021 The South African Photovoltaic Industry Association (SAPVIA) is calling for immediate clarity from the Department of Trade, Industry and Competition (DTIC) about its approach to localisation, specifically in the South African solar photovoltaic (PV) sector. The DTIC and the National Treasury have... 

An image of solar PV panels being installed

Biden revives Trump's Africa business initiative; focus on energy, health

By: Reuters     28th July 2021 The Biden administration on Tuesday announced a new push to expand business ties between US companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. US industry executives welcomed the interest, but said dollar flows will lag... 

S&P not planning immediate rating actions as a result of civil unrest

By: Donna Slater     27th July 2021 Ratings agency Standard & Poors (S&P) Global Ratings does not expect to take any immediate rating actions in the wake of the mid-July civil unrest that affected KwaZulu-Natal and parts of Gauteng. The unrest, which included widespread looting, violence, vandalism, loss and damage of stock, left... 

Public wage offer becomes done deal with majority of unions on board  

By: News24Wire      27th July 2021 Ending months of adversarial public sector wage talks, a majority of civil servant labour unions have now accepted government's latest offer.  The SA Government News Agency reports that the agreement has now been signed by the South African Democratic Teachers' Union, the National Professional... 

Public Service and Administration Minister Senzo Mchunu
Public Service and Administration Minister Senzo Mchunu

Creecy calls on rich countries to dramatically raise climate finance pledges from $100bn ‘floor’ 

By: Terence Creamer     27th July 2021 Forestry, Fisheries and the Environment Minister Barbara Creecy has called on the developed countries to ensure access to long-term, predictable and affordable climate finance for developing countries. Creecy participated in a July Climate Ministerial meeting hosted in London, in the UK, this... 

Photo of Forestry, Fisheries and the Environment Minister Barbara Creecy
Photo by Creamer Media's Donna Slater
Forestry, Fisheries and the Environment Minister Barbara Creecy

BioNTech project aims to expand malaria vaccine production capacity in Africa

By: Thabi Madiba     27th July 2021 German biotech company BioNTech has announced a project aimed at creating a highly efficacious vaccine to help eradicate malaria, while expanding vaccine production capacity across Africa. BioNTech will develop a first-generation mRNA vaccine using a known antigen, the CSP protein, the clinical... 

BioNTech project aims to expand malaria vaccine production capacity in Africa

Adopting a 1.5°C pathway could accelerate universal energy access in Africa  

By: Terence Creamer     27th July 2021 Africa has a narrow window of opportunity to use its natural resource advantages and relatively low carbon emissions to attract the finance it needs to both accelerate a renewables-based energy transition that is supportive of a sub-1.5°C climate outcome and ensure universal energy access. This... 

Image of sun rising behind wind turbines

KZN govt to support companies that want to rebuild businesses destroyed during unrest

By: Yvonne Silaule     26th July 2021 The KwaZulu-Natal government has committed itself to supporting businesses in rebuilding the premises that were destroyed during the civil unrest earlier this week. Premier Sihle Zikalala at the weekend addressed the media about the economic recovery efforts in the province. 

Busa welcomes easing of restrictions, others caution of damage already done

By: Donna Slater     26th July 2021 President Cyril Ramaphosa’s July 25 address to the nation and the lifting of Covid-19 restrictions from adjusted Alert Level 4, to adjusted Alert Level 3, has been welcomed by Business Unity South Africa (Busa), while the South African Liquor Brandowners Association (Salba) has expressed concern... 

South Africa lifts some coronavirus restrictions after cases drop

By: Reuters     26th July 2021 South Africa on Sunday lifted restrictions on the sale of alcohol on weekdays and the movement of people between provinces as President Cyril Ramaphosa said a third wave of the coronavirus may have peaked. Africa's most industrialised country, which accounts for over a third of total Covid-19... 

South African President Cyril Ramaphosa
President Cyril Ramaphosa

Initiative launched for corporates to 'adopt' riot-affected SMMEs

By: Schalk Burger     23rd July 2021 Women-owned local technology company One Linkage has launched the #RiseUpSA Campaign, which aims to enable corporates to connect with and "adopt" small, medium-sized and microenterprises (SMMEs) that need support following last week's riots and looting. Corporate South Africa is invited to help... 

Insurers advise on claims related to civil unrest

By: Donna Slater     23rd July 2021 Following the looting that took place during the civil unrest of mid-July in KwaZulu-Natal and Gauteng, insurance experts advise that claimants ensure they have proof of damage or loss or destruction of stock, to ensure they are able to submit claims within the 30-day threshold. During a webinar... 

South Africa on track to vaccinate 420 000 people a day by mid-September

By: Marleny Arnoldi     23rd July 2021 Business for South Africa (B4SA) says the 230 000 daily vaccination rate is testament to what business and government can achieve if they work together. B4SA steering committee chairperson Martin Kingston on July 23 presented an update of the private sector’s contribution to the vaccination... 

Venture capital industry survey highlights, tackles pivotal issues

By: Simone Liedtke     23rd July 2021 In 2020, in spite of the ripple effect the Covid-19 pandemic created throughout the global economy, the venture capital (VC) and private equity industry in South Africa surged forward, with 74 South African early-stage fund managers having invested more than R1.3-billion into 122 entities through... 

More municipalities procuring their own power  

23rd July 2021 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the increasing number of big cities and medium-sized municipalities that are looking to either build or procure new electricity capacity. 

Image of Terence Creamer
More municipalities procuring their own power

Young African project leaders highlighted

23rd July 2021 Industry association Project Management Institute (PMI) announced its second yearly Future 50 list, which features 50 rising leaders using bold and innovative thinking to transform the world through notable projects. The 50 standout project leaders, highlighted in a new digital experience on the... 

Photo of two engineers working on site
LEADING THE WAY The 50 individuals on the Future 50 list are changemakers whose range of projects exemplify the power and potential of transformation

Investment event targets S Africa and Germany

By: Halima Frost     23rd July 2021 The annual Africa Financial Services Investment Conference – Investing in Africa event, known as AFSIC, organised by hosting company Africa Events Limited, will be held in London, UK, on October 11 and 12. The event provides a forum for investors, business leaders and dealmakers to build... 

Panel discussion at AFSIC Investing in Africa event
SEATED DEBATE The forums and mini country-summits will focus on highlighting investment and business opportunities in Africa

Municipalities’ project management falling short

By: Darren Parker     23rd July 2021 Municipalities are falling short in terms of project management in “nearly all aspects”, University of Pretoria (UP) project management associate Professor Giel Bekker tells Engineering News. Municipalities draft and present Integrated Development Plans (IDPs) every year, in which all projects... 

Photo of construction workers and engineers on site
Photo by Adobe
CONTAINED IMPACT Construction activities were only delayed for three months by the pandemic last year

SARB keeps rates unchanged, says unrest likely to slow recovery

By: Reuters     22nd July 2021 South Africa's central bank said on Thursday that recent unrest would probably slow an economic recovery from the Covid-19 pandemic, as it left its repo rate unchanged at 3.5% in a unanimous decision. The South African Reserve Bank (SARB) has now kept rates on hold in its last six meetings,... 

Stage 2 load-shedding to hit SA on Thursday amid cold front  

By: News24Wire      22nd July 2021 Eskom will implement stage 2 load-shedding from 16:00 to 21:00 on Thursday night due to generation issues, combined with the severe cold weather, the power utility announced.  "Unfortunately, a generation unit each at Tutuka and Medupi Power Stations were forced offline this afternoon, increasing... 

Electricity pylons

Pick n Pay to reopen 58 stores by end of next week, calls for lifting of liquor sales ban

By: Simone Liedtke     22nd July 2021 Supermarket chain store Pick n Pay (PnP) is planning to reopen up to 58 of its PnP and Boxer stores by the end of next week. This follows the recent violent protests in Gauteng and KwaZulu-Natal that resulted in 136 of PnP’s food, grocery, clothing and building stores being looted or damaged,... 

eThekwini issues RFI as it gears up to procure 400 MW of IPP power  

By: Terence Creamer     22nd July 2021 The eThekwini municipality, which has been badly affected by recent deadly rioting and looting, is pushing ahead with its electricity procurement plans and has issued a request for information (RFI) as part of preparations for the procurement of 400 MW of new generation capacity from independent... 

Image of the Durban skyline in the eThekwini municipality
The Durban skyline in the eThekwini municipality

Alcohol industry asks govt to allow legal liquor trade to resume from July 26

By: Schalk Burger     22nd July 2021 Five industry associations in the alcohol industry is calling on government to release the scientific data it uses to justify the repeated bans on the sale of alcohol. They also request that legal liquor trade be allowed to resume from July 26. 

Study finds a third of companies will retain hybrid working models

By: Schalk Burger     21st July 2021 The 'Digital Corporation in South Africa 2021' study, undertaken by technology market research firm World Wide Worx, shows that one-in-four medium-sized and large companies in South Africa are fully digitally transformed and that about one-third of companies will not insist that employees return... 

100-MW reform set to spur rapid increase in larger-scale solar projects – SAPVIA 

By: Terence Creamer     21st July 2021 The South African Photovoltaic Industry Association (SAPVIA) is optimistic that the decision to increase the licence-exemption threshold for distributed-generation facilities from 1 MW to 100 MW will support a rapid increase in the deployment of larger-scale solar photovoltaic (PV) projects, with... 

A head shot of SAPVIA spokesperson Maloba Tshehla
SAPVIA spokesperson Maloba Tshehla

SBI partners with GalaxyNova to facilitate collaboration between business, municipalities

By: Simone Liedtke     21st July 2021 Business chambers affiliated to the Small Business Institute (SBI) have partnered with GalaxyNova systems to facilitate collaboration between the business sector in local communities and municipalities.  The SBI chambers are taking the lead to start assisting local communities through the... 

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