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Macro & Micro

Transnet freight train
Transnet volumes, revenue up, but falls short of recovery targets
26th April 2024 By: Darren Parker

State-owned Transnet has reported a 1.5% year-on-year improvement in the total rail volumes reaching 151.7-million tonnes at the end of March 2024, showcasing improvement in operational... 


Eskom chairperson Dr Mteto Nyati
Eskom says generation recovery plan gathering momentum
26th April 2024 By: Marleny Arnoldi

During a State of the System address hosted on Friday, Eskom confirmed its generation recovery plan (GRP) is making tangible progress, with various coal-fired power station units having been... 


Eskom group CEO Dan Marokane
Eskom anticipates limited winter loadshedding amid generation improvements
26th April 2024 By: Marleny Arnoldi

Newly appointed Eskom group CEO Dan Marokane has provided assurances that loadshedding during the upcoming winter months will likely be contained at Stage 2, thanks to improvements in generation... 


Magazine cover image
Can South Africa turn around 30 years of real economy underperformance?
26th April 2024 By: Terence Creamer

In this essay, Terence Creamer reflects on the factors that have shaped South Africa’s real-economy sectors of manufacturing, mining and agriculture over the past 30 years and considers ways to end... 


Typical Engen garage
Tribunal approves Vitol’s buyout of Engen
25th April 2024 By: Darren Parker

The Competition Tribunal has approved the proposed acquisition of petrol station brand Engen by independent energy marketing and trading company Vitol Emerald, subject to a set of competition and... 


Panellists who participated in the webinar are (from left) Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi, Multotec CEO Thomas Holtz, Simera Trace technical director Kevin O'Neill, Epiroc digital solutions buisness line manager Vikesh Chiba and South African Capital Equipment Export Council CEO Eric Bruggeman.
Creativity, innovation keep South Africa’s mining tech manufacturing industry competitive
25th April 2024 By: Darren Parker

An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant... 


Workers unstalling solar panels
South Africa aims to set up three JET-aligned skills development zones
24th April 2024 By: Terence Creamer

Three Just Energy Transition (JET) skills development zones focusing on renewables and grids, electric vehicles and green hydrogen value chains are proposed for implementation under the larger JET... 


A Zimbabwe flag
Changing business opportunities, challenges in Zimbabwe highlighted
24th April 2024 By: Schalk Burger

Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the... 


PepsiCo Bašumi Trust wins awards at employee share ownership conference
24th April 2024 By: Lisete Bigala

Beverage multinational PepsiCo South Africa's employee share ownership programme Bašumi Trust has received the best governance policies and the most innovative funding model awards at the... 


AfDB president Akinwumi Adesina
Debt transparency needed as opaque resource-backed loans hinder African development – Adesina
24th April 2024 By: Schalk Burger

African countries will pay $74-billion in debt service payments this year, which is a sharp increase from $17-billion in 2010, and the continent's economic potential is being undermined by... 


World Bank
South Africa advised by World Bank on climate insurance, contingency fund options
24th April 2024 By: Bloomberg

The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance... 


Trade, Industry and Competition Minister Ebrahim Patel
Successes, learnings on employee share ownership plans marked
23rd April 2024 By: Tasneem Bulbulia

Employee share ownership plans (ESOPs) or worker share ownership programmes have enjoyed several successes in South Africa, especially gaining traction in the past five years, and this needs to... 


IEA expects another record year for EVs in 2024, but sales remain concentrated
IEA expects another record year for EVs in 2024, but sales remain concentrated
23rd April 2024 By: Terence Creamer

The International Energy Agency (IEA) expects electric vehicle (EV) sales to rise to a record 17-million in 2024, representing more than one in every five passenger cars sold, but with sales likely... 


Electricity Minister Kgosientsho Ramokgopa
Ramokgopa describes IPP surpluses as low-hanging fruit amid delay in finding contractual solution
22nd April 2024 By: Terence Creamer

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... 


President Cyril Ramaphosa
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... 


LPG gas bottles
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... 


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... 


South Africa to keep anti-dumping duties on chicken imports from US
18th April 2024 By: Bloomberg

South Africa’s trade minister approved a recommendation to maintain anti-dumping duties on frozen bone-in chicken portions originating in or imported from the US. Following an investigation that... 


Together with large-scale procurement, rising rooftop solar installations are offering greater market stability that could stimulate local manufacturing
Private renewables procurement may mitigate boom-bust cycles curbing South Africa’s green industrialisation
18th April 2024 By: Terence Creamer

The combination of public and private procurement of large-scale renewables in South Africa signals increased stability for manufacturers of key components, a new GreenCape report argues. Published... 


Election posters
Goldman says South African market ‘tough’ before election
18th April 2024 By: Bloomberg

South African investors are holding off on big moves before the vote next month, Goldman Sachs Group said, as the elections shape up to be the most pivotal in 30 years. Assuming the vote is... 


Finance Minister Enoch Godongwana
South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
18th April 2024 By: Reuters

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... 


Rand Currency
Reserve bank to cut rates less than earlier thought in 2024 – poll
18th April 2024 By: Reuters

South Africa's central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking slightly longer to return to... 


Equatorial Guinea President Teodoro Obiang Nguema Mbasogo
Africa’s oldest oil-rich dictatorship has a succession problem
18th April 2024 By: Bloomberg

Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were arrested for cocaine trafficking and thrown in jail,... 


Consumers
South Africa inflation slows slightly more than expected in March
17th April 2024 By: Reuters

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that... 


UNTD secretary-general Rebeca Grynspa
UNTD calls for more fiscal flexibility to help developing countries reach SDGs
16th April 2024 By: Marleny Arnoldi

While the global economic slowdown in 2023 was less severe than expected, intergovernmental organisation United Nations Trade and Development (UNTD) has warned that a further deceleration in global... 


A person using candles during power cuts
Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa
16th April 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has belatedly moved to quell concern that its recent approval of a new loadshedding code of practice, which increases the number of potential... 


Image of Cyril Ramaphosa
PSA advises Ramaphosa to delay signing NHI Bill into law
16th April 2024 By: Thabi Shomolekae

Given the uncertainty surrounding the political landscape after the May elections, the Public Servants Association (PSA) has advised President Cyril Ramaphosa to delay the signing of the National... 


Power lines over an informal settlement
South Africa’s ranking in World Energy Trilemma Index falls
16th April 2024 By: Terence Creamer

South Africa has fallen to sixty-ninth from sixty-fourth on the World Energy Council’s (WEC’s) latest World Energy Trilemma Index which ranks more than 100 countries against the three key... 


Treasury logo
Treasury welcomes IMF report ranking SA top 3 in fiscal transparency
16th April 2024 By: Sashnee Moodley

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... 


Oil rig
Oil price eases but IEA says Middle East tensions heighten global supply risks
15th April 2024 By: Terence Creamer

Despite a forecast of slowing oil demand and a likely peak in consumption by the end of the decade, the International Energy Agency (IEA) warned on Monday of heightened global oil security risks in... 


A child selling food items in Nigeria
World Bank sounds alarm on 'historical reversal' of development for poorest nations
15th April 2024 By: Reuters

Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank... 


Power lines
Eskom mulls private, foreign options on R390-billion grid build
12th April 2024 By: Bloomberg

South Africa’s State-owned power utility Eskom said it’s in talks with government ministries over private and foreign options to fund a R390-billion expansion of its transmission network as more... 


Reserve Bank Governor Lesetja Kganyago
South African rates seen on hold all year amid inflation worry
11th April 2024 By: Bloomberg

South Africa’s central bank won’t cut interest rates this year because of persistent inflation and there’s even a risk it could raise them, bets in financial futures markets show. The shift, which... 


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