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        <title>Engineering News | Macro &amp; Micro</title>
        <description><![CDATA[Latest news on macro and micro economy.]]></description>
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            <title>Boshoek and Wonderkop smelters to be restarted after Glencore Merafe and Eskom finalise 62c/kWh ...</title>
            <link>https://www.engineeringnews.co.za/article/boshoek-and-wonderkop-smelters-to-be-restarted-after-glencore-merafe-and-eskom-finalise-62ckwh-terms-2026-06-26</link>
            <description><![CDATA[The Glencore Merafe Chrome Venture has announced that the Boshoek and Wonderkop ferrochrome smelters will be restarted, following the conclusion of the detailed terms and conditions of negotiated pricing agreements (NPAs) with Eskom. The NPAs, Glencore Marafe said, gave full effect to the 62c/kWh tariff, which had been approved by the National Energy Regulator of South Africa (Nersa) for both the venture and for Samacor Chrome.]]></description>
            <author>Terence Creamer</author>
            <category>FERROCHROME</category>
            <pubDate>Fri, 26 Jun 2026 15:10:00 +0200</pubDate>
        <a_id>724468</a_id>
        <updated>1782479761</updated>
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        <editor>Creamer Media Reporter  </editor>
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            <title>ECA urges Southern Africa to strengthen economic resilience to better withstand external shocks</title>
            <link>https://www.engineeringnews.co.za/article/eca-urges-southern-africa-to-strengthen-economic-resilience-to-better-withstand-external-shocks-2026-06-26</link>
            <description><![CDATA[The UN Economic Commission for Africa (ECA) Subregional Office for Southern Africa (SRO-SA) has called on countries in the region to accelerate regional integration, strengthen economic resilience and implement coordinated policy responses to withstand external shocks. The Middle East crisis represents another major external shock, following the Covid-19 pandemic and Russia's invasion of Ukraine, which threatens to reverse the region's hard-won macroeconomic gains, said ECA SRO-SA director Eunice Kamwendo.]]></description>
            <author>Schalk Burger</author>
            <category>ECONOMIC RESILIENCE</category>
            <pubDate>Fri, 26 Jun 2026 14:05:00 +0200</pubDate>
        <a_id>724458</a_id>
        <updated>1782478915</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>Johannesburg collapse risk spurs call for State to run city</title>
            <link>https://www.engineeringnews.co.za/article/johannesburg-collapse-risk-spurs-call-for-state-to-run-city-2026-06-26</link>
            <description><![CDATA[South Africa’s government may soon need to make the politically fraught decision to take control of Johannesburg to avert the city’s financial collapse, according to a consultant appointed by two of the country’s leading business groups. While such a move would be difficult for the ANC before crucial local elections in November, it may have little choice but to act, Lael Bethlehem, a partner at Genesis Analytics, said during the presentation of a study commissioned by Business Leadership South Africa and Business For South Africa. “The City of Johannesburg is essentially bankrupt,” Bethlehem said Thursday. “We may have a situation where they may not be able to limp on until November and the government will have to implement” a takeover plan, she said.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Fri, 26 Jun 2026 08:54:00 +0200</pubDate>
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        <updated>1782484070</updated>
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        <editor>  Bloomberg</editor>
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        <image_title>CoJ Mayor Dada Morero</image_title>
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            <title>Complex projects undermined by fragmented processes</title>
            <link>https://www.engineeringnews.co.za/article/complex-projects-undermined-by-fragmented-processes-2026-06-26</link>
            <description><![CDATA[As South Africa ramps up infrastructure investment and increases private sector participation, projects are becoming more complex, multi-stakeholder dependent and time sensitive, says multidisciplinary engineering and construction partnership, Khewija GIBB Alliance (KGA) MD Carl Pretorius. Moreover, project outcomes are too often undermined by fragmented processes, misaligned incentives and persistent delays.]]></description>
            <author>Halima Frost</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Fri, 26 Jun 2026 00:00:00 +0200</pubDate>
        <a_id>723331</a_id>
        <updated>1782112865</updated>
        <published>1782424800</published>
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        <editor>Nadine James</editor>
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        <image_title>CARL PRETORIUS 
An IPD approach will drive clearer alignment among all stakeholders significantly improving the projects chances of coming to fruition</image_title>
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            <title>South Africa producer inflation accelerates to 7.8% y/y in May</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-producer-inflation-accelerates-to-78-yy-in-may-2026-06-25</link>
            <description><![CDATA[South Africa's producer inflation quickened to 7.8% year on year in May, up from 4.8% in April, statistics agency data showed on Thursday. The Producer Price Index increased 2.6% month on month in May, Statistics South Africa said.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 25 Jun 2026 12:08:00 +0200</pubDate>
        <a_id>724319</a_id>
        <updated>1782396533</updated>
        <published>1782382080</published>
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        <editor>  Reuters</editor>
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            <title>Gap between policy intent and action must be closed to halt deindustrialisation</title>
            <link>https://www.engineeringnews.co.za/article/gap-between-policy-intent-and-action-must-be-closed-to-halt-deindustrialisation-2026-06-24</link>
            <description><![CDATA[Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Mervyn Naidoo has called on government to urgently close the prevailing gap between its stated commitment to support industrialisation through localisation and the manner in which public procurement is being implemented. “The problem is not the rhetoric,” Naidoo argued at a Seifsa's Ministerial Business Breakfast event in Johannesburg on June 24, attended by government officials.]]></description>
            <author>Terence Creamer</author>
            <category>INDUSTRIAL POLICY</category>
            <pubDate>Wed, 24 Jun 2026 15:45:00 +0200</pubDate>
        <a_id>724245</a_id>
        <updated>1782372111</updated>
        <published>1782308700</published>
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        <editor>Creamer Media Reporter  </editor>
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            <title>Ramaphosa taps former Treasury Budget Chief as economic adviser</title>
            <link>https://www.engineeringnews.co.za/article/ramaphosa-taps-former-treasury-budget-chief-as-economic-adviser-2026-06-24</link>
            <description><![CDATA[President Cyril Ramaphosa appointed former National Treasury budget chief Michael Sachs as his economic adviser, bringing a respected fiscal policy technocrat back into the government as the country seeks to accelerate growth and deepen economic reforms. Sachs, who headed the Treasury’s budget office between 2015 and 2017, is expected to assume the role in the coming weeks, presidency spokesperson Vincent Magwenya said by phone on Wednesday. Sachs confirmed his appointment when contacted by phone. The appointment fills a vacancy left by Trudi Makhaya, who served as Ramaphosa’s economic adviser from 2018 until 2023, and places a former senior Treasury official at the center of economic policy-making as the president seeks to lift growth in Africa’s most industrialised economy.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 24 Jun 2026 15:21:00 +0200</pubDate>
        <a_id>724221</a_id>
        <updated>1782313214</updated>
        <published>1782307260</published>
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        <editor>  Bloomberg</editor>
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        <image_title>Presidency advisor Michael Sachs</image_title>
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            <title>Outa warns of entrenched S African municipal crisis, as no metro achieves clean audit</title>
            <link>https://www.engineeringnews.co.za/article/outa-warns-of-entrenched-s-african-municipal-crisis-2026-06-24</link>
            <description><![CDATA[Not a single metropolitan municipality in South Africa achieved a clean audit for the 2024/25 financial year, according to the latest Auditor-General reports, with the Organisation Undoing Tax Abuse warning that this failure points to an entrenched crisis in local government. Metros represent 54% of total local government expenditure and serve millions of citizens, therefore, Outa says their financial regression directly threatens both community service delivery and the national economy. While 61% of municipalities achieved unqualified audits, severe underlying issues persist. Outa highlights a “toxic combination” of over-reliance on external consultants, poor budget execution, and a systemic lack of consequence management.]]></description>
            <author>Thabi  Shomolekae</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 24 Jun 2026 15:14:00 +0200</pubDate>
        <a_id>724211</a_id>
        <updated>1782310767</updated>
        <published>1782306840</published>
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        <editor>Sashnee Moodley</editor>
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            <title>Multilateral development banks remain relevant, more progress on reforms needed</title>
            <link>https://www.engineeringnews.co.za/article/multilateral-development-banks-remain-relevant-more-progress-on-reforms-needed-2026-06-24</link>
            <description><![CDATA[Multilateral development banks (MDBs) remain highly relevant to their clients, and their relevance has increased over the past five years, although there is a need for further progress on reform of some of their functions. This was among the findings of the 'Reforming multilateral development banks: perspectives from client countries' report produced by UK-based think tank ODI Global.]]></description>
            <author>Schalk Burger</author>
            <category>DEVELOPMENT FINANCE</category>
            <pubDate>Wed, 24 Jun 2026 12:05:00 +0200</pubDate>
        <a_id>724184</a_id>
        <updated>1782297829</updated>
        <published>1782295500</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
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        <item>
            <title>New tech holds promises for energy, medicine – WEF report</title>
            <link>https://www.engineeringnews.co.za/article/new-tech-holds-promises-for-energy-medicine-wef-report-2026-06-23</link>
            <description><![CDATA[Ten new technologies, identified in international organisation the World Economic Forum's (WEF's) 'Top 10 Emerging Technologies Report 2026', are approaching a critical inflection point where advances in research are beginning to translate into large-scale, real-world applications. Many of the technologies highlighted in the report indicate that systems may become more distributed, personalised and resource-efficient over time.]]></description>
            <author>Schalk Burger</author>
            <category>NEW TECHNOLOGIES</category>
            <pubDate>Tue, 23 Jun 2026 12:20:00 +0200</pubDate>
        <a_id>724083</a_id>
        <updated>1782220718</updated>
        <published>1782210000</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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            <title>South African rand strengthens as US-Iran interim deal eases geopolitical tensions</title>
            <link>https://www.engineeringnews.co.za/article/south-african-rand-strengthens-as-us-iran-interim-deal-eases-geopolitical-tensions-2026-06-18</link>
            <description><![CDATA[The South African rand strengthened in early trade on Thursday after the United States and Iran released the text of an interim agreement signed by their presidents to end the war, easing geopolitical tensions and boosting risk appetite. At 0614 GMT the rand traded at 16.3175 against the dollar, about 0.4% higher than its previous close.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 18 Jun 2026 08:54:00 +0200</pubDate>
        <a_id>723734</a_id>
        <updated>1781767138</updated>
        <published>1781765640</published>
        <expires>99999999999</expires>
        <editor>  Reuters</editor>
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            <title>South African inflation rises less than expected in May</title>
            <link>https://www.engineeringnews.co.za/article/south-african-inflation-rises-less-than-expected-in-may-2026-06-17</link>
            <description><![CDATA[South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. Headline consumer inflation quickened to 4.5% year on year from 4.0% in April. That was the highest reading since July 2024. Economists polled by Reuters had expected 4.7%. The rise was mainly driven by fuel price increases linked to the Iran war. Annual core inflation, which strips out volatile items like food and energy, was 3.8% in May, in line with forecasts. Standard Bank economist Elna Moolman said the downside surprise largely emanated from food prices, which were flat in month-on-month terms in May.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 17 Jun 2026 10:29:00 +0200</pubDate>
        <a_id>723631</a_id>
        <updated>1781705563</updated>
        <published>1781684940</published>
        <expires>99999999999</expires>
        <editor>  Reuters</editor>
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        <image_title></image_title>
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            <title>DA reshuffles GNU team: Aucamp replaces Steenhuisen as Agriculture Minister</title>
            <link>https://www.engineeringnews.co.za/article/da-reshuffles-gnu-team-aucamp-replaces-steenhuisen-as-agriculture-minister-2026-06-17</link>
            <description><![CDATA[DA leader Geordin Hill-Lewis has officially requested that President Cyril Ramaphosa remove John Steenhuisen as Minister of Agriculture, in a reshuffling of the party's Government of National Unity team, with Willie Aucamp proposed to take over Steenhuisen’s role. Aucamp moves from the Department of Forestry, Fisheries and the Environment to become the Minister of Agriculture. Hill-Lewis said his immediate focus would be to resolve ongoing legal proceedings relating to Foot-and-Mouth Disease and accelerate market expansion for agricultural exports. Steenhuisen will assume the role of Deputy Minister of Trade, Industry and Competition. Meanwhile, David Maynier will take up the position of Minister of Forestry, Fisheries and the Environment, stepping in to fill the vacancy left by Aucamp. Alexandra Abrahams moves from Trade, Industry and Competition to take up a key position as Deputy Minister of Electricity and Energy.]]></description>
            <author>Thabi  Shomolekae</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 17 Jun 2026 10:28:00 +0200</pubDate>
        <a_id>723632</a_id>
        <updated>1781705591</updated>
        <published>1781684880</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
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        <image_title>Minister of Agriculture John Steenhuisen</image_title>
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            <title>BRICS Bank lends South Africa $1bn for cities, report says</title>
            <link>https://www.engineeringnews.co.za/article/brics-bank-lends-south-africa-1bn-for-cities-report-says-2026-06-17</link>
            <description><![CDATA[New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will use the funds to improve supply of water, sanitation and waste management, the Johannesburg-based newspaper reported, citing the lender set up by original Brics members — Brazil, Russia, India, China and South Africa. President Cyril Ramaphosa has acknowledged that scores of municipalities are deeply dysfunctional and unable to provide basic services — as evidenced by recent water outages in Johannesburg, Pretoria and other towns — and has said the problems are being addressed.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 17 Jun 2026 09:14:00 +0200</pubDate>
        <a_id>723611</a_id>
        <updated>1781704546</updated>
        <published>1781680440</published>
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        <editor>  Bloomberg</editor>
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            <title>CIPC puts spotlight on its Beneficial Ownership register and requirements for companies</title>
            <link>https://www.engineeringnews.co.za/article/cipc-puts-spotlight-on-its-beneficial-ownership-register-and-requirements-for-companies-2026-06-15</link>
            <description><![CDATA[The Companies and Intellectual Property Commission (CIPC) has highlighted the importance to the country of its Beneficial Ownership (BO) register. From April 1, 2023, when the register was launched, until May 27 this year, the CIPC had received more than 3.2-million BO filings, of which more than 2.2-million were completed in the system, more than 500 000 had been amended to meet requirements and more than 8 000 had been assessed. “BO compliance is more than a filing requirement; it is a transparency tool that identifies the real individuals behind companies, prevents fronting, corruption and money laundering and strengthens investor confidence,” explained the CIPC. It thus protects the integrity of the country’s financial system and ensures fair market competition.]]></description>
            <author>Rebecca Campbell</author>
            <category>FINANCIAL SERVICES</category>
            <pubDate>Mon, 15 Jun 2026 16:41:00 +0200</pubDate>
        <a_id>723599</a_id>
        <updated>1781535190</updated>
        <published>1781534460</published>
        <expires>99999999999</expires>
        <editor>Marleny Arnoldi</editor>
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            <title>Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz</title>
            <link>https://www.engineeringnews.co.za/article/oil-hits-3-month-low-as-us-iran-reach-peace-deal-to-reopen-strait-of-hormuz-2026-06-15</link>
            <description><![CDATA[Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Brent crude futures fell $4.16, or 4.8%, to $83.17 a barrel by 13:15 GMT and US West Texas Intermediate was at $80.49, down $4.39, or 5.2%.]]></description>
            <author>  Reuters</author>
            <category>OIL &amp; GAS</category>
            <pubDate>Mon, 15 Jun 2026 15:44:00 +0200</pubDate>
        <a_id>723594</a_id>
        <updated>1781531427</updated>
        <published>1781531040</published>
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        <editor>  Reuters</editor>
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        <image_title>Crude oil </image_title>
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            <title>Shares and bonds surge, oil slides on Iran deal</title>
            <link>https://www.engineeringnews.co.za/article/shares-and-bonds-surge-oil-slides-on-iran-deal-2026-06-15</link>
            <description><![CDATA[Share markets and bonds rallied hard on Monday and oil prices tumbled 5% as a framework peace deal between the US and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates.

Europe's early optimism drove both the STOXX 600 and FTSE Eurofirst to records. Asia's biggest markets had all leapt overnight, while futures markets pointed to gains of 1.3% to 2% for Wall Street later.]]></description>
            <author>  Reuters</author>
            <category>ECONOMY </category>
            <pubDate>Mon, 15 Jun 2026 15:04:00 +0200</pubDate>
        <a_id>723587</a_id>
        <updated>1781530999</updated>
        <published>1781528640</published>
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        <editor>  Reuters</editor>
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        <image_title>Oil rig</image_title>
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            <title>South African firms face pressure due to anti-immigrant protests</title>
            <link>https://www.engineeringnews.co.za/article/south-african-firms-face-pressure-due-to-anti-immigrant-protests-2026-06-15</link>
            <description><![CDATA[South African companies with operations across Africa are facing mounting pressure as anti-immigrant protests in the continent’s largest economy trigger diplomatic tensions and calls for action against their businesses. Mobile-phone operator MTN has dispatched a senior executive to meet officials in Ghana and is supporting Nigerians repatriated from South Africa, while Standard Bank Group, the continent’s biggest lender, says it is closely monitoring developments.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Mon, 15 Jun 2026 09:11:00 +0200</pubDate>
        <a_id>723517</a_id>
        <updated>1781507664</updated>
        <published>1781507460</published>
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        <editor>  Bloomberg</editor>
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        <item>
            <title>Treasury says upgrades show path to investment grade</title>
            <link>https://www.engineeringnews.co.za/article/treasury-says-upgrades-show-path-to-investment-grade-2026-06-12</link>
            <description><![CDATA[South Africa’s recent credit-rating upgrades are a strong endorsement of government policy and show the nation can restore its coveted investment-grade status if it stays on track, said the National Treasury chief. “This is a clear change of direction in our ratings trajectory after more than a decade of negative ratings news,” Duncan Pieterse wrote in an op-ed published on News24 Thursday. “It could ultimately see South Africa regain its investment grade status — if it continues to do the right things on fiscal and economic policy.” Fitch Ratings raised its credit assessment of South Africa on June 5 to BB, two notches below investment grade, delivering the upgrade before putting the rating on a positive outlook as it often does before taking such a step.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Fri, 12 Jun 2026 14:05:00 +0200</pubDate>
        <a_id>723466</a_id>
        <updated>1781273469</updated>
        <published>1781265900</published>
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        <editor>  Bloomberg</editor>
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        <has_audio>0</has_audio>
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        <image_title>Treasury Director-General Duncan Pieterse</image_title>
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        </item>
        <item>
            <title>New Industrial Development Strategy, metals sector stress in the spotlight</title>
            <link>https://www.engineeringnews.co.za/article/new-industrial-development-strategy-metals-sector-stress-in-the-spotlight-2026-06-12</link>
            <description><![CDATA[Engineering News editor Terence Creamer discusses the release of a new Industrial Development Strategy at a time when the metals sector is warning that it is at a worrying crossroads.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>METALS &amp; INDUSTRIAL DEVELOPMENT</category>
            <pubDate>Fri, 12 Jun 2026 09:00:00 +0200</pubDate>
        <a_id>723412</a_id>
        <updated>1781268084</updated>
        <published>1781247600</published>
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        <editor>Creamer Media Reporter  </editor>
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        <item>
            <title>Multilateral and plurilateral models in focus amid global trade ructions</title>
            <link>https://www.engineeringnews.co.za/article/multilateral-and-plurilateral-models-in-focus-amid-global-trade-ructions-2026-06-12</link>
            <description><![CDATA[The growing fragmentation of the global trading system, intensifying geopolitical conflicts and mounting pressure for global trade reforms have reignited debates about the future of multilateralism and the role of plurilateral trade agreements within global intergovernmental body the World Trade Organisation (WTO). These issues formed the core of a recent Trade and Industrial Policy Strategies (TIPS) webinar – held last month under the theme ‘Development Dialogue: Economic Diplomacy in a Changing World’ – during which policymakers, academics and trade experts examined the implications of shifting global trade power dynamics for developing countries, including South Africa.]]></description>
            <author>Lumkile Nkomfe </author>
            <category>ECONOMIC DIPLOMACY</category>
            <pubDate>Fri, 12 Jun 2026 00:00:00 +0200</pubDate>
        <a_id>722696</a_id>
        <updated>1780991125</updated>
        <published>1781215200</published>
        <expires>99999999999</expires>
        <editor>Martin Zhuwakinyu</editor>
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        <has_audio>0</has_audio>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
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        <item>
            <title>CIPC announces new digital platforms to improve customer service</title>
            <link>https://www.engineeringnews.co.za/article/cipc-announces-new-digital-platforms-to-improve-customer-service-2026-06-11</link>
            <description><![CDATA[South African company registration and intellectual property (IP) rights agency, the Companies and Intellectual Property Commission (CIPC), announced on Thursday the launch of its latest digitalised services, as part of its digital modernisation programme. These new digital services were the Cooperatives Director Amendments, the Case Management System (CMS), the Customer Enquiry Management System (CEMS) and the LiveChat customer service channel. “Through the introduction of these key platforms, the CIPC leverages innovative technological initiatives that form part of its broader commitment to expand access and accountability,” highlighted the Commission. “With the introduction of these modernised products, the CIPC has phased out manual, paper-based systems that are prone to human error.”]]></description>
            <author>Rebecca Campbell</author>
            <category>INTELLECTUAL PROPERTY</category>
            <pubDate>Thu, 11 Jun 2026 17:53:00 +0200</pubDate>
        <a_id>723399</a_id>
        <updated>1781244457</updated>
        <published>1781193180</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
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        <item>
            <title>Ramokgopa to seek Cabinet approval soon to extend tariff discounts to more industries</title>
            <link>https://www.engineeringnews.co.za/article/ramokgopa-to-seek-cabinet-approval-soon-to-extend-tariff-discounts-to-more-industries-2026-06-11</link>
            <description><![CDATA[Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that he intends approaching Cabinet in the coming weeks to seek approval to extend concessional electricity tariffs similar to those that have already been approved for two ferrochrome producers to other electricity-intensive industries. In addition, he told delegates to a Steel and Engineering Industries Federation of Southern Africa (Seifsa) conference on June 11 that lower tariffs could also be made available to less electricity-intensive sectors such as steel; a sector which he described as strategic and where electricity costs had been flagged as one of the reasons for recent production closures.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICITY &amp; INDUSTRY</category>
            <pubDate>Thu, 11 Jun 2026 16:40:00 +0200</pubDate>
        <a_id>723395</a_id>
        <updated>1781244092</updated>
        <published>1781188800</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
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        <image_title>Electricity and Energy Minister Dr Kgosientsho Ramokgopa</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>SARB sees financial system staying resilient despite Iran war</title>
            <link>https://www.engineeringnews.co.za/article/sarb-sees-financial-system-staying-resilient-despite-iran-war-2026-06-11</link>
            <description><![CDATA[South Africa's central bank said on Wednesday the country's financial system was likely to remain resilient despite tighter financial conditions and monetary policy stemming from the Iran war. Africa's biggest economy started to pick up pace last year and investor sentiment brightened on signs of fiscal discipline, but the Iran war has dampened the near-term outlook as it has rippled through oil markets, capital flows and household finances. "The oil price shock is expected to continue to exert inflationary pressure, potentially prompting tighter monetary policy than before the conflict," the South African Reserve Bank said in its Financial Stability Review, a biannual checkup on the health of the financial system.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 11 Jun 2026 14:06:00 +0200</pubDate>
        <a_id>723358</a_id>
        <updated>1781186683</updated>
        <published>1781179560</published>
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        <editor>  Reuters</editor>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>South Africa posts largest current-account surplus since 2022</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-posts-largest-current-account-surplus-since-2022-2026-06-11</link>
            <description><![CDATA[South Africa posted its largest current-account surplus in four years in the first quarter as the value of gold exports surged and imports dropped. The balance on the current account — the broadest measure of trade in goods and services — widened to a surplus of 2.4% of gross domestic product, or R190.7-billion, from 0.6% in the previous quarter, the South African Reserve Bank said in a report on Thursday. That beat the median estimate of nine economists surveyed by Bloomberg, who forecast a positive balance of 1.1% of GDP. The quarterly surplus was the second in a row and the biggest since the third quarter of 2021, the central bank data showed. As a percentage of GDP, it was the highest since the first quarter of 2022.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 11 Jun 2026 11:45:00 +0200</pubDate>
        <a_id>723343</a_id>
        <updated>1781186711</updated>
        <published>1781171100</published>
        <expires>99999999999</expires>
        <editor>  Bloomberg</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001278359_resized_randcurrencycoinflagsouthafricaeconomy1022reuters.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>South African steel sector at deindustrialisation ‘inflection point’</title>
            <link>https://www.engineeringnews.co.za/article/south-african-steel-sector-at-deindustrialisation-inflection-point-2026-06-10</link>
            <description><![CDATA[The South African steel industry – encompassing the full value chain, from upstream producers to downstream manufacturers and fabricators – has been described as being at a deindustrialisation ‘inflection point’. The dire state of the sector, as well as the ineffectiveness of the prevailing interventions being pursued under the Steel Master Plan to arrest the sector’s decline, came into sharp focus during a Portfolio Committee on Trade, Industry and Competition meeting on Wednesday.]]></description>
            <author>Terence Creamer</author>
            <category>STEEL</category>
            <pubDate>Wed, 10 Jun 2026 19:00:00 +0200</pubDate>
        <a_id>723302</a_id>
        <updated>1781769246</updated>
        <published>1781110800</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
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        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>GDP increased by 0.5% in the first quarter – Stats SA</title>
            <link>https://www.engineeringnews.co.za/article/gdp-increased-by-05-in-the-first-quarter-stats-sa-2026-06-09</link>
            <description><![CDATA[South Africa’s GDP increased by 0.5% in the first quarter, following an increase of 0.4% in the fourth quarter of 2025, Statistics South Africa (Stats SA) reports. Its data shows that the finance, real estate and business services industry increased by 0.9%, contributing 0.2 of a percentage point. Increased economic activities were reported for financial intermediation and auxiliary activities.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>ECONOMY</category>
            <pubDate>Tue, 09 Jun 2026 11:00:00 +0200</pubDate>
        <a_id>723155</a_id>
        <updated>1781014450</updated>
        <published>1780995600</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277808_resized_trafficsandtonskyline105121022duane.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Industrial strategy outlines ‘3Ds’ vision while fighting deindustrialisation rearguard action</title>
            <link>https://www.engineeringnews.co.za/article/industrial-strategy-outlines-3ds-vision-while-fighting-deindustrialisation-rearguard-action-2026-06-08</link>
            <description><![CDATA[The Department of Trade, Industry and Competition (dtic) has released a new Industrial Development Strategy (IDS) “anchored” by the so-called ‘3Ds’ of decarbonisation, diversification and digitalisation, but which also includes actions geared towards stemming the ongoing tide of deindustrialisation in traditional sectors. The 44-page strategy was published on the department’s website on June 8, following its approval by Cabinet on June 3.]]></description>
            <author>Terence Creamer</author>
            <category>INDUSTRIAL STRATEGY</category>
            <pubDate>Mon, 08 Jun 2026 19:00:00 +0200</pubDate>
        <a_id>723118</a_id>
        <updated>1781248739</updated>
        <published>1780938000</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277632_resized_arcelormittalrailandstructuresdonna1022.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>South Africa's Treasury welcomes Fitch upgrade to BB with stable outlook</title>
            <link>https://www.engineeringnews.co.za/article/treasury-welcomes-fitch-upgrade-to-bb-with-stable-outlook-2026-06-08</link>
            <description><![CDATA[The National Treasury has welcomed credit rating agency Fitch’s decision to upgrade South Africa’s long-term foreign and local currency credit ratings to ‘BB’ from ‘BB-’ and to maintain its stable outlook. The upgrade reflects South Africa’s record of prudent fiscal management and its progress on fiscal consolidation, despite weak economic growth and domestic and external shocks.]]></description>
            <author>Schalk Burger</author>
            <category>CREDIT RATING</category>
            <pubDate>Mon, 08 Jun 2026 12:35:00 +0200</pubDate>
        <a_id>723087</a_id>
        <updated>1780930928</updated>
        <published>1780914900</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Standard Bank outlines macroeconomic spinoffs from $30bn Rovuma LNG project</title>
            <link>https://www.engineeringnews.co.za/article/standard-bank-outlines-macroeconomic-spinoffs-from-30bn-rovuma-lng-project-2026-06-08</link>
            <description><![CDATA[Standard Bank has published a bullish macroeconomic assessment of the giant Rovuma liquefied natural gas (LNG) project in northern Mozambique, which has been described as the largest commercial project in Africa’s history but which has faced protracted delays following a deadly insurgency in Cabo Delgado in 2021. The onshore project has a current estimated capital cost of $30-billion and has been expanded to a yearly production of 18-million tonnes from an initial nameplate of 15-million tonnes.]]></description>
            <author>Terence Creamer</author>
            <category>LIQUEFIED NATURAL GAS</category>
            <pubDate>Mon, 08 Jun 2026 12:25:00 +0200</pubDate>
        <a_id>723084</a_id>
        <updated>1780914719</updated>
        <published>1780914300</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277512_resized_bernardoaparicio1022.jpeg</image_url>
        <image_title>Standard Bank Mozambique CEO Bernardo Aparício</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>City of Joburg failure poses risk to economy – Mavuso</title>
            <link>https://www.engineeringnews.co.za/article/city-of-joburg-failure-poses-risk-to-economy-mavuso-2026-06-08</link>
            <description><![CDATA[The failure of the City of Johannesburg poses a systemic risk to the entire economy, says business organisation Business Leadership South Africa CEO Busisiwe Mavuso. The city accounts for 16% of the country's GDP and provides vital services across much of the economic base. Repeated failures in water supply, electricity and road maintenance are becoming an unacceptable risk for business.]]></description>
            <author>Schalk Burger</author>
            <category>GOVERNANCE CITY</category>
            <pubDate>Mon, 08 Jun 2026 12:12:00 +0200</pubDate>
        <a_id>723080</a_id>
        <updated>1780926011</updated>
        <published>1780913520</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277598_resized_blsaceobusimavuso2023071022.jpg</image_url>
        <image_title>Business Leadership South Africa CEO Busisiwe Mavuso</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>IMF MD Georgieva warns world isn’t ready for shocks that are piling up</title>
            <link>https://www.engineeringnews.co.za/article/imf-md-georgieva-warns-world-isnt-ready-for-shocks-that-are-piling-up-2026-06-08</link>
            <description><![CDATA[International Monetary Fund (IMF) MD Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent. “I am worried that we are not completely internalizing yet that this is how the world is going to be,” Georgieva said on Bloomberg’s podcast Leaders with Francine Lacqua. “We are not going to get to a place where shocks are gone.”]]></description>
            <author>  Bloomberg</author>
            <category>GEOPOLITICS &amp; THE ECONOMY</category>
            <pubDate>Mon, 08 Jun 2026 11:31:00 +0200</pubDate>
        <a_id>723066</a_id>
        <updated>1780911323</updated>
        <published>1780911060</published>
        <expires>99999999999</expires>
        <editor>  Bloomberg</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277460_resized_worldbankceokristalinageorgieva05201810221.jpg</image_url>
        <image_title>IMF MD Kristalina Georgieva</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Dubai Chamber of Commerce holds trade meetings with South African counterparts</title>
            <link>https://www.engineeringnews.co.za/article/dubai-chamber-of-commerce-holds-trade-meetings-with-south-african-counterparts-2026-06-05</link>
            <description><![CDATA[The Dubai Chamber of Commerce recently hosted a series of bilateral business meetings between companies from Dubai and South Africa, in Johannesburg, noting that businesses in both markets see growing opportunities to strengthen ties. The delegation from Dubai featured representatives from 24 companies operating across diverse sectors, including construction and building materials; electronics; engineering; environmental solutions; fast-moving consumer goods; food and beverages; healthcare; information and communications technology and innovation; investments; manufacturing; and retail.]]></description>
            <author>Schalk Burger</author>
            <category>BUSINESS TO BUSINESS</category>
            <pubDate>Fri, 05 Jun 2026 15:15:00 +0200</pubDate>
        <a_id>723012</a_id>
        <updated>1780669154</updated>
        <published>1780665300</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <item>
            <title>Eskom signs agreement with Zululand Energy Terminal as it seeks to advance 3 GW Richards Bay ...</title>
            <link>https://www.engineeringnews.co.za/article/eskom-signs-agreement-zululand-energy-terminal-as-it-seeks-to-advance-3-gw-richards-bay-project-2026-06-05</link>
            <description><![CDATA[Eskom has signed heads of agreement with Zululand Energy Terminal (ZET) with the intention of becoming the ‘foundation customer’ for the liquefied natural gas (LNG) terminal that ZET intends building at Berth 207 in the South Dunes precinct of the Port of Richards Bay. ZET is a joint venture between Vopak Terminal Durban and Transnet Pipelines, and was selected in 2024 as the preferred bidder to develop, construct and operate a new LNG terminal at the KwaZulu-Natal deepwater port. Vopak Terminal Durban is owned by Royal Vopak, of the Netherlands and the Reatile Group.]]></description>
            <author>Terence Creamer</author>
            <category>GAS INFRASTRUCTURE</category>
            <pubDate>Fri, 05 Jun 2026 13:05:00 +0200</pubDate>
        <a_id>722998</a_id>
        <updated>1780662100</updated>
        <published>1780657500</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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        <image_title>Zululand Energy Terminal director Oliver Naidu</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Business defends making Joburg partnership offer ahead of crucial elections</title>
            <link>https://www.engineeringnews.co.za/article/business-defends-making-joburg-partnership-offer-ahead-of-crucial-elections-2026-06-04</link>
            <description><![CDATA[The business formations that have formally offered to extend the Government-Business Partnership model – hitherto used to tackle national crises such as loadshedding – to the City of Johannesburg have acknowledged the “sensitive” timing of the proposal in light of upcoming local government elections. Nevertheless, they argue that the scale of the crisis has meant that the decision, which was first mooted in September last year, could not be placed on hold pending the electoral cycle. In addition, they stress that the offer is “not partisan”, as it has been addressed to all political parties.]]></description>
            <author>Terence Creamer</author>
            <category>City of Johannesburg</category>
            <pubDate>Thu, 04 Jun 2026 18:00:00 +0200</pubDate>
        <a_id>722924</a_id>
        <updated>1780590948</updated>
        <published>1780588800</published>
        <expires>99999999999</expires>
        <editor>Creamer Media Reporter  </editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001277007_resized_johannesburg1022reuters.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
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        <item>
            <title>Business leaders demand national govt step in to rescue Joburg from economic collapse</title>
            <link>https://www.engineeringnews.co.za/article/business-leaders-lay-out-demands-for-govt-to-rescue-joburg-from-economic-collapse-2026-06-04</link>
            <description><![CDATA[The South African business sector has issued an urgent call to political parties and national government to immediately stabilise the City of Johannesburg’s fiscal and governance crisis. Ahead of the upcoming local government elections, business leaders demand specific, costed recovery plans, consequence management for corruption, and active national intervention to prevent an economic emergency. Johannesburg is the commercial capital of South Africa, accounting for about 16% of the national GDP and is the central hub where a disproportionate share of domestic and foreign investment decisions are made.]]></description>
            <author>Thabi  Shomolekae</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 04 Jun 2026 12:09:00 +0200</pubDate>
        <a_id>722861</a_id>
        <updated>1780582386</updated>
        <published>1780567740</published>
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            <title>South Africa private sector contracts after four months of growth, PMI shows</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-private-sector-contracts-after-four-months-of-growth-pmi-shows-2026-06-03</link>
            <description><![CDATA[South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index fell to 49.6 in May from 51.6 in April. The 50 mark separates growth from contraction. "The war in the Middle East, and increases in fuel prices in particular, took their toll on the South African private sector in May. Renewed falls in output and new orders were signalled as inflationary pressures strengthened further," said Andrew Harker, economics director at S&P Global Market Intelligence.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 03 Jun 2026 09:20:00 +0200</pubDate>
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        <editor>  Reuters</editor>
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            <title>Traxtion says R1.4bn equity raise positions it for yet more rail investments as market opens</title>
            <link>https://www.engineeringnews.co.za/article/traxtion-says-r14bn-equity-raise-positions-it-for-yet-more-rail-investments-as-market-opens-2026-06-03</link>
            <description><![CDATA[Independent railways operator Traxtion has concluded an $86-million (R1.4-billion) equity capital raise, which the company says has created the financial platform for yet further investments into a South African market that is beginning to open up to competition. The transaction involves STANLIB Infrastructure Investments and Standard Bank, which have acquired an undisclosed minority position in Traxtion, as well as Harith’s InfraCo and PAIDF2 funds, consolidating Harith’s long-standing shareholding in the company.]]></description>
            <author>Terence Creamer</author>
            <category>RAILWAYS</category>
            <pubDate>Wed, 03 Jun 2026 09:05:00 +0200</pubDate>
        <a_id>722720</a_id>
        <updated>1780471334</updated>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>Traxtion CEO James Holley </image_title>
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