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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>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>
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        <updated>1780582386</updated>
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        <editor>Sashnee Moodley</editor>
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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>
        <a_id>722727</a_id>
        <updated>1780496308</updated>
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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>
        <published>1780470300</published>
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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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            <title>South Africa meeting fiscal, structural reform targets, Treasury DG Pieterse assures</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-meeting-fiscal-structural-reform-targets-treasury-dg-pieterse-assures-2026-06-02</link>
            <description><![CDATA[South Africa has demonstrated that it can deliver on its fiscal targets and its structural reform agenda, and the benefits of latent improving fiscal credibility are already evident in the form of lower borrowing costs and a stronger currency, National Treasury director-general Dr Duncan Pieterse has said. According to the National Budget tabled in February, South Africa's debt-to-GDP ratio stabilised for the first time since before the 2008 global financial crisis, and was expected to decrease to 76.5% by 2028/29. The country also posted a third consecutive primary surplus, he said in a prepared speech.]]></description>
            <author>Schalk Burger</author>
            <category>FISCAL REFORMS</category>
            <pubDate>Tue, 02 Jun 2026 16:28:00 +0200</pubDate>
        <a_id>722712</a_id>
        <updated>1780413720</updated>
        <published>1780410480</published>
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        <editor>Chanel de Bruyn</editor>
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        <image_title>Treasury director-general Dr Duncan Pieterse</image_title>
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            <title>S&amp;P flags Middle East oil risk for South Africa, warns low growth an outlier among peers</title>
            <link>https://www.engineeringnews.co.za/article/sp-flags-middle-east-oil-risk-for-south-africa-warns-low-growth-an-outlier-among-peers-2026-06-02</link>
            <description><![CDATA[S&P Global Ratings warned on Tuesday that rising oil prices from the Middle East crisis pose a growing risk to South Africa's consumer-led economy, even as the fiscal consolidation push remains broadly on track. Ravi Bhatia, director at S&P, said at a conference in Johannesburg that South Africa was “really an outlier” among peers, consistently ranking near the bottom on growth — a weakness that feeds into fiscal pressure through softer revenues and weak job creation. S&P left its South Africa ratings unchanged at BB on foreign-currency and BB+ on local on Friday. It had upgraded ratings in November, its first upward move in nearly two decades, citing falling inflation, improving growth and fiscal consolidation.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Tue, 02 Jun 2026 12:15:00 +0200</pubDate>
        <a_id>722666</a_id>
        <updated>1780408037</updated>
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        <editor>  Reuters</editor>
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            <title>Labour Minister pushes youth jobs agenda, tougher stance on undocumented workers</title>
            <link>https://www.engineeringnews.co.za/article/labour-minister-pushes-youth-jobs-agenda-tougher-stance-on-undocumented-workers-2026-06-02</link>
            <description><![CDATA[Employment and Labour Minister Nomakhosazana Meth says her department is intensifying efforts to tackle unemployment through a combination of employment programmes, skills development initiatives and labour market reforms aimed at improving opportunities for South Africans. Speaking during a June 1 Government Communication and Information System (GCIS) Deep Dive media briefing, she said South Africa continued to face a "missing jobs crisis", despite signs of economic stabilisation and improving investor confidence.]]></description>
            <author>Lumkile Nkomfe </author>
            <category>LABOUR</category>
            <pubDate>Tue, 02 Jun 2026 05:39:00 +0200</pubDate>
        <a_id>722603</a_id>
        <updated>1780379538</updated>
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        <editor>Chanel de Bruyn</editor>
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            <title>EU aims to use investor roadshow to convert €12bn pledge into South African projects</title>
            <link>https://www.engineeringnews.co.za/article/eu-kicks-off-south-african-investor-roadshow-with-goal-of-converting-12bn-commitment-into-projects-2026-06-01</link>
            <description><![CDATA[The EU, which announced a €12-billion investment package for South Africa in October, is undertaking investment roadshows in Johannesburg, Cape Town and Durban this week as part of efforts to convert the high-profile investment pledge into firm projects. The EU and South Africa signed the Clean Trade and Investment Partnership (CTIP) in November last year, alongside a memorandum of understanding on sustainable minerals and metal value chains.]]></description>
            <author>Terence Creamer</author>
            <category>TRADE &amp; INVESTMENT</category>
            <pubDate>Mon, 01 Jun 2026 15:53:00 +0200</pubDate>
        <a_id>722593</a_id>
        <updated>1780323104</updated>
        <published>1780321980</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>Trade, Industry and Competition Minister Parks Tau speaks at the launch of the EU investment roadshow</image_title>
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            <title>Former AfDB president Adesina appointed Diamonds for Development Fund chairperson</title>
            <link>https://www.engineeringnews.co.za/article/former-afdb-president-adesina-appointed-diamond-for-development-fund-chairperson-2026-05-29</link>
            <description><![CDATA[The Botswana government and De Beers have announced the appointment of former African Development Bank (AfDB) president Dr Akinwumi Adesina as chairperson of the Diamonds for Development Fund – a joint initiative to accelerate the Southern African country's long-term economic diversification. Adesina serviced as AfDB president from 2015 to 2025. During that time, he led the AfDB in increasing the capital of the bank from $93-billion to $318-billion; established the Africa Investment Forum, which brought together major financial institutions across Africa to attract investments into projects in African countries; and led the development of Mission 300 to provide access to electricity for 300-million Africans by 2030.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>DIAMONDS &amp; ECONOMY</category>
            <pubDate>Fri, 29 May 2026 17:31:00 +0200</pubDate>
        <a_id>722498</a_id>
        <updated>1780076068</updated>
        <published>1780068660</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
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            <title>Sovereign Use of Proceeds Framework underscores commitment to developing sustainable finance ...</title>
            <link>https://www.engineeringnews.co.za/article/sovereign-use-of-proceeds-framework-underscores-commitment-to-developing-sustainable-finance-market-treasury-says-2026-05-29</link>
            <description><![CDATA[The National Treasury has announced the publication of its Soveregn Use of Proceeds Framework, together with the accompanying Second Party Opinion. The publication of the framework underscores the National Treasury’s commitment to developing South Africa’s sustainable finance market and mobilising capital towards economic growth and climate resilience.]]></description>
            <author>Lumkile Nkomfe </author>
            <category>ECONOMY</category>
            <pubDate>Fri, 29 May 2026 17:03:00 +0200</pubDate>
        <a_id>722495</a_id>
        <updated>1780068492</updated>
        <published>1780066980</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
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            <title>SABS outlines actions being taken after forensic probe confirms serious breaches</title>
            <link>https://www.engineeringnews.co.za/article/sabs-outlines-actions-being-taken-after-forensic-probe-confirms-serious-breaches-2026-05-29</link>
            <description><![CDATA[The South African Bureau of Standards (SABS) says it has accepted the findings of a much-delayed forensic investigation confirming many of the serious governance, procurement, labour and information-technology problems initially flagged by whistleblowers in 2024. Trade, Industry and Competition Minister Parks Tau appointed TSU Investigation Services to conduct a forensic probe into the allegations, which began in February 2025, and subsequently suspended COO Lungelo Ntobongwana and chief corporate services officer Lizo Makele in July 2025.]]></description>
            <author>Terence Creamer</author>
            <category>SABS INVESTIGATION</category>
            <pubDate>Fri, 29 May 2026 16:30:00 +0200</pubDate>
        <a_id>722493</a_id>
        <updated>1780066475</updated>
        <published>1780065000</published>
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        <editor>Creamer Media Reporter  </editor>
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            <title>Opinion: Defining the low investment, low economic growth challenge in South Africa</title>
            <link>https://www.engineeringnews.co.za/article/opinion-defining-the-low-investment-low-economic-growth-challenge-in-south-africa-2026-05-29</link>
            <description><![CDATA[In this article by Development Bank of Southern Africa (DBSA) chief economist and group executive Zeph Nhleko, he highlights infrastructure investment as the central lever to break South Africa’s low-growth cycle, citing an estimated R13.4-trillion infrastructure requirement across key sectors including energy, transport, water and information and communications technology.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>INFRASTRUCTURE</category>
            <pubDate>Fri, 29 May 2026 14:56:00 +0200</pubDate>
        <a_id>722473</a_id>
        <updated>1780148980</updated>
        <published>1780059360</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>DBSA chief economist Zeph Nhleko</image_title>
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            <title>Traditional communities' role in land administration needs to be respected</title>
            <link>https://www.engineeringnews.co.za/article/traditional-communities-role-in-land-administration-needs-to-be-respected-2026-05-28</link>
            <description><![CDATA[In South Africa, government, at all levels, tends to approach the issue of spatial planning and land management from a purely technocratic point of view. This will not work, warned House of Traditional Leaders deputy chairperson Nkosi Langa Mavuso. (Nkosi is a title denoting high traditional rank, such as royalty or high aristocracy.) He was addressing a session of the XXVIII Congress of the International Federation of Surveyors (better known as FIG), at the Cape Town International Convention Centre. He highlighted that, in South Africa, traditional land remained one of the most important economic and cultural assets for millions of people. Traditional Leaders still played a key role in the management and allocation of these lands. The Constitution recognised their role and they were represented by the House of Traditional Leaders.]]></description>
            <author>Rebecca Campbell</author>
            <category>LAND</category>
            <pubDate>Thu, 28 May 2026 17:06:00 +0200</pubDate>
        <a_id>722390</a_id>
        <updated>1780035053</updated>
        <published>1779980760</published>
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        <editor>Creamer Media Reporter  </editor>
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            <title>Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’</title>
            <link>https://www.engineeringnews.co.za/article/countries-prioritising-domestic-energy-options-amid-largest-ever-energy-security-crisis-2026-05-28</link>
            <description><![CDATA[Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as the world’s largest-ever energy security crisis, precipitated by the closure of the Strait of Hormuz. Presenting the IEA’s eleventh World Energy Investment report, executive director Fatih Birol said that besides moves to domesticate energy supply amid a growing trust deficit, governments were also reshaping their investment strategies around diversification, electrification and energy efficiency.]]></description>
            <author>Terence Creamer</author>
            <category>ENERGY INVESTMENT</category>
            <pubDate>Thu, 28 May 2026 16:30:00 +0200</pubDate>
        <a_id>722381</a_id>
        <updated>1779979139</updated>
        <published>1779978600</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>IEA executive director Fatih Birol</image_title>
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            <title>South African central bank raises key rate by 25 basis points</title>
            <link>https://www.engineeringnews.co.za/article/south-african-central-bank-raises-key-rate-by-25-basis-points-2026-05-28</link>
            <description><![CDATA[South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The majority of economists polled by Reuters had expected a 25-basis-point increase in the policy rate, after inflation accelerated sharply in April. Annual inflation was 4.0% in April, up from 3.1% in March, driven mainly by fuel price rises triggered by the US-Israel war against Iran. The South African Reserve Bank targets inflation of 3% with a tolerance band of 1 percentage point either side.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 28 May 2026 15:51:00 +0200</pubDate>
        <a_id>722369</a_id>
        <updated>1779978233</updated>
        <published>1779976260</published>
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        <editor>  Reuters</editor>
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        <image_title>Reserve Bank Governor Lesetja Kganyago</image_title>
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            <title>South Africa poised for first rate hike since 2023 on Iran war</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-poised-for-first-rate-hike-since-2023-on-iran-war-2026-05-28</link>
            <description><![CDATA[South Africa’s central bank is set to raise borrowing costs for the first time in three years as policymakers seek to combat inflationary pressures stemming from the Iran war, including sharply higher oil prices. All but one of 19 economists surveyed by Bloomberg forecast Governor Lesetja Kganyago and the five other members of the monetary policy committee to lift the benchmark interest rate by 25 basis points to 7% on Thursday. The decision, due shortly after 3 pm in Pretoria, is expected to be split.]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 28 May 2026 08:46:00 +0200</pubDate>
        <a_id>722275</a_id>
        <updated>1779951412</updated>
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        <editor>  Bloomberg</editor>
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        <image_title>Reserve Bank Governor Lesetja Kganyago</image_title>
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            <title>South African rand steady as traders eye Middle East tensions</title>
            <link>https://www.engineeringnews.co.za/article/south-african-rand-steady-as-traders-eye-middle-east-tensions-2026-05-27</link>
            <description><![CDATA[The South African rand was steady in early trade on Wednesday as traders cautiously assessed geopolitical developments after Iran accused the United States of violating a fragile ceasefire by launching attacks near the Strait of Hormuz. At 0600 GMT, the rand traded at 16.3650 against the dollar, little changed from its previous close of 16.3750.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 27 May 2026 08:39:00 +0200</pubDate>
        <a_id>722159</a_id>
        <updated>1779866558</updated>
        <published>1779863940</published>
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        <editor>  Reuters</editor>
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            <title>Tau says Cabinet-approved industrial strategy to be backed by implementation plan</title>
            <link>https://www.engineeringnews.co.za/article/tau-says-cabinet-approved-industrial-strategy-to-be-backed-by-implementation-plan-2026-05-26</link>
            <description><![CDATA[Trade, Industry and Competition Minister Parks Tau says the themes of decarbonisation, diversification, and digitalisation will now anchor South Africa’s Industrial Development Strategy, following its recent approval by Cabinet. Describing the strategy as a consistent and forward-looking policy during his Budget Vote address in Parliament on Tuesday, Tau said it would direct the country’s industrialisation agenda.]]></description>
            <author>Terence Creamer</author>
            <category>INDUSTRIAL POLICY</category>
            <pubDate>Tue, 26 May 2026 16:50:00 +0200</pubDate>
        <a_id>722156</a_id>
        <updated>1779861555</updated>
        <published>1779807000</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/0001274490_resized_parkstau05261022.jpeg</image_url>
        <image_title>Trade, Industry and Competition Minister Parks Tau</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Inflation impact likely in emerging markets owing to US-Iran war – BMI</title>
            <link>https://www.engineeringnews.co.za/article/inflation-impact-likely-in-emerging-markets-owing-to-us-iran-war-bmi-2026-05-26</link>
            <description><![CDATA[Financial market research company BMI expects oil prices to average $90/bbl this year, and to remain higher for longer, which will, in turn, feed into rising inflation. This will lead to pressure being placed on the reserves of energy-importing countries and to tightening monetary policies, particularly in emerging markets in Asia, said BMI Emerging Markets director and global economist Nikhil Sanghani on May 26.]]></description>
            <author>Schalk Burger</author>
            <category>INFLATION RISKS</category>
            <pubDate>Tue, 26 May 2026 15:59:00 +0200</pubDate>
        <a_id>722148</a_id>
        <updated>1779805511</updated>
        <published>1779803940</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <title>Eskom and ferrochrome smelters make case for ‘win-win’ 62c/kWh tariff, amid transparency ...</title>
            <link>https://www.engineeringnews.co.za/article/eskom-and-ferrochrome-smelters-make-case-for-win-win-62ckwh-tariff-amid-transparency-concerns-2026-05-25</link>
            <description><![CDATA[Although Eskom confirmed that it would not make a profit from the sale of electricity to two ferrochrome producers at a tariff of 62c/kWh, the State-owned company nevertheless argued that the costs associated with forgoing the 12.8 TWh of yearly demand arising from the smelters would be larger and more damaging. Specifically, Eskom said the deal would allow it to avoid a R56-billion “downside risk” associated with take-or-pay coal contracts, while safeguarding R42.5-billion in revenue over the period of the smelter contracts, which also had take-or-pay commitments.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICTY &amp; INDUSTRY</category>
            <pubDate>Mon, 25 May 2026 19:15:00 +0200</pubDate>
        <a_id>722055</a_id>
        <updated>1779783560</updated>
        <published>1779729300</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/0001274161_resized_lionsmelterferrochrome131014duane1022.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Treasury’s Jobs Fund launches 13th funding round</title>
            <link>https://www.engineeringnews.co.za/article/treasurys-jobs-fund-launches-13th-funding-round-2026-05-25</link>
            <description><![CDATA[The National Treasury’s Jobs Fund has officially opened its thirteenth funding round, calling for bold, innovative solutions that can unlock scalable, sustainable employment.

Under the theme 'catalysing demand-led growth in the green and informal economy', this funding round will be open from May 18 to June 30.

The fund seeks to partner with experienced intermediaries across the private, public and nonprofit sectors to accelerate job creation in high-potential areas of the economy, with a strong focus on the green and informal sectors.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>FINANCE &amp; INNOVATION</category>
            <pubDate>Mon, 25 May 2026 14:42:00 +0200</pubDate>
        <a_id>722039</a_id>
        <updated>1779714785</updated>
        <published>1779712920</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/0001274115_resized_untitled25may2026at145406.jpeg</image_url>
        <image_title>Jobs Fund head Najwah Allie-Edries</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Opinion: Unpacking Minister Ramokgopa's electricity sector plan for the year ahead</title>
            <link>https://www.engineeringnews.co.za/article/opinion-unpacking-minister-ramokgopas-electricity-sector-plan-for-the-year-ahead-2026-05-25</link>
            <description><![CDATA[In this article, Energy Council of South Africa CEO James Mackay provides a breakdown of the budget vote presented by Electricity and Energy Minister Kgosientsho Ramokgopa in Parliament earlier this month.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>ELECTRICITY &amp; ENERGY</category>
            <pubDate>Mon, 25 May 2026 12:10:00 +0200</pubDate>
        <a_id>722014</a_id>
        <updated>1779704748</updated>
        <published>1779703800</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/0001274040_resized_jamesmackay20241022.jpeg</image_url>
        <image_title>James Mackay</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Stagnating formal employment, but growing informal work requires structural changes in ...</title>
            <link>https://www.engineeringnews.co.za/article/stagnating-formal-employment-but-growing-informal-work-requires-structural-changes-in-responses-uasa-2026-05-22</link>
            <description><![CDATA[Labour union UASA has said that the meagre growth of 1.1% in employment underpinned by employment contracts over the past 15 years, compared with the 108% growth in the number of people working without employment contracts, means that people are creating work for themselves. The ‘UASA Employment Report 2026’, produced by market research company the Bureau of Market Research (BMR), shows that South Africa's labour market is undergoing significant structural transformation within a constrained economic environment.]]></description>
            <author>Schalk Burger</author>
            <category>EMPLOYMENT STATISTICS</category>
            <pubDate>Fri, 22 May 2026 16:36:00 +0200</pubDate>
        <a_id>721947</a_id>
        <updated>1779462152</updated>
        <published>1779460560</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/0001273847_resized_easycontracts1022.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Treasury to start deducting money owed to municipalities by provincial and national departments</title>
            <link>https://www.engineeringnews.co.za/article/treasury-to-start-deducting-money-owed-to-municipalities-by-provincial-and-national-departments-2026-05-22</link>
            <description><![CDATA[The National Treasury has taken a decision to deduct monetary amounts owed to municipalities by national and provincial government departments to settle outstanding debts, Finance Minister Enoch Godongwana announced in his Budget Vote address. He reported that provincial departments owed municipalities about R14.9-billion currently, while national departments owed municipalities about R8.2-billion.]]></description>
            <author>Terence Creamer</author>
            <category>NATIONAL TREASURY</category>
            <pubDate>Fri, 22 May 2026 14:27:00 +0200</pubDate>
        <a_id>721932</a_id>
        <updated>1779458861</updated>
        <published>1779452820</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/0001273781_resized_enochgodongwana2120320251022.jpeg</image_url>
        <image_title>Finance Minister Enoch Godongwana </image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Secretive deals, aggressive demands are new US foreign aid tactics</title>
            <link>https://www.engineeringnews.co.za/article/secretive-deals-aggressive-demands-are-new-us-foreign-aid-tactics-2026-05-22</link>
            <description><![CDATA[On a Friday last November, government officials representing Lesotho, a mountainous enclave in eastern South Africa, sat down in the capital Maseru for three hours of negotiations with Trump administration counterparts. Earlier that year, the US suddenly cancelled funding for healthcare programmes in the country as part of billions of dollars in cuts to international aid. For Lesotho, a nation of 2.4-million people with the unhappy distinction of having the world’s second-highest HIV rate and the fourth-highest tuberculosis rate, the loss of support threatened thousands of lives. To unlock future funding, the US wanted something back. While previous US assistance came with few strings attached — and never included commercial terms — documents seen by Bloomberg detailed the conditions the Trump administration expected. ]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Fri, 22 May 2026 11:31:00 +0200</pubDate>
        <a_id>721909</a_id>
        <updated>1779457670</updated>
        <published>1779442260</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/0001273680_resized_healthebolaleone1022reuters.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Nersa moves to consult on key building blocks in shift to electricity market competition</title>
            <link>https://www.engineeringnews.co.za/article/nersa-moves-to-consult-on-key-building-blocks-in-shift-to-electricity-market-competition-2026-05-21</link>
            <description><![CDATA[The outcomes of two public consultation processes initiated recently by the National Energy Regulator of South Africa (Nersa) are likely to have far-reaching implications for the country’s transition to a competitive electricity market. The first is the ‘Wholesale Electricity Pricing Methodology’, a consultation paper which was published on May 18, and the second is the ‘Transitional Generation Pricing and Vesting Contract Framework’, released on May 20.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICITY REGULATION</category>
            <pubDate>Thu, 21 May 2026 16:20:00 +0200</pubDate>
        <a_id>721837</a_id>
        <updated>1779373800</updated>
        <published>1779373200</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/0001273444_resized_nersa406151022duane.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        <attachments><attachment><url>https://cisp.cachefly.net/assets/articles/attachments/96647_consultationdocument-wholesaletariffmethodology.pdf</url><size>660358</size><title>Consultation Paper: Wholesale Electricity Pricing Methodology</title></attachment><attachment><url>https://cisp.cachefly.net/assets/articles/attachments/96648_vesting_contrats.pdf</url><size>1513704</size><title>Consultation Paper: Transitional Generation Pricing and Vesting Contract Framework</title></attachment></attachments>
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        </item>
        <item>
            <title>South Africa consumer inflation quickens to 4.0% y/y in April</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-consumer-inflation-quickens-to-40-yy-in-april-2026-05-20</link>
            <description><![CDATA[South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline inflation came in at 4.0% year on year, up from 3.1% in March and reaching its highest level since August 2024, data from the statistics agency showed on Wednesday. Economists polled by Reuters had expected annual inflation would speed up to 3.9%. South Africa's central bank targets inflation of 3%, with a 1 percentage point tolerance band either side. Statistics South Africa said the increase was driven mainly by sharp fuel price rises linked to the US-Israel war against Iran. The statistics agency's fuel index rose 18.2% from March, and passenger transport services by 3.1%.
 ]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 20 May 2026 10:19:00 +0200</pubDate>
        <a_id>721659</a_id>
        <updated>1779286154</updated>
        <published>1779265140</published>
        <expires>99999999999</expires>
        <editor>  Reuters</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001272967_resized_consumershoppinggroceriescheckersshopper28082024reuters1022.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>South African rand steady before local inflation reading</title>
            <link>https://www.engineeringnews.co.za/article/south-african-rand-steady-before-local-inflation-reading-2026-05-20</link>
            <description><![CDATA[The South African rand was steady in early trade on Wednesday, ahead of the release of inflation data which is expected to reflect pressures from the war in the Middle East. At 0619 GMT the rand traded at 16.68 against the dollar, a whisker away from its previous close.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Wed, 20 May 2026 08:57:00 +0200</pubDate>
        <a_id>721637</a_id>
        <updated>1779262617</updated>
        <published>1779260220</published>
        <expires>99999999999</expires>
        <editor>  Reuters</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001272905_resized_randcurrencybanknotessarb1022.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Prolonged uncertainty could trigger fragile period, shortages and wider financial stress – Unctad</title>
            <link>https://www.engineeringnews.co.za/article/prolonged-uncertainty-could-trigger-fragile-period-shortages-and-wider-financial-stress-unctad-2026-05-19</link>
            <description><![CDATA[The global economy is moving from an initial phase of supply disruptions and inflation into a more fragile period, where prolonged uncertainty could trigger shortages and wider financial stress, says UN trade and development agency Unctad. While recent years saw trade tensions and policy uncertainty, geopolitical risks are now becoming the dominant source of instability for the global economy, the Unctad ‘Trade and Development Foresights 2026: Global economy faces a geopolitical challenge’ report shows.]]></description>
            <author>Schalk Burger</author>
            <category>TRADE</category>
            <pubDate>Tue, 19 May 2026 15:34:00 +0200</pubDate>
        <a_id>721611</a_id>
        <updated>1779200176</updated>
        <published>1779197640</published>
        <expires>99999999999</expires>
        <editor>Chanel de Bruyn</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        </item>
        <item>
            <title>South Africa increases tariffs on wide range of steel products to WTO bound rate</title>
            <link>https://www.engineeringnews.co.za/article/south-africa-increases-tariffs-on-wide-range-of-steel-products-to-wto-bound-rate-2026-05-19</link>
            <description><![CDATA[South Africa has officially raised import protection across a wide range of upstream and downstream steel products by between 10% and 30% – rates that are in line with the World Trade Organisation (WTO) ‘bound rate’, or the legally permitted maximum import tariff rate that can be applied by a member country. The adjustments, which have been signalled for some time, were published in the Government Gazette by the South African Revenue Service on May 15 and signed by Finance Minister Enoch Godongwana.]]></description>
            <author>Terence Creamer</author>
            <category>TARIFFS &amp; TRADE</category>
            <pubDate>Tue, 19 May 2026 15:00:00 +0200</pubDate>
        <a_id>721606</a_id>
        <updated>1779198198</updated>
        <published>1779195600</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/0001272828_resized_steel05bloomberg.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>South African rand weakens as investors watch Middle East developments, await local data</title>
            <link>https://www.engineeringnews.co.za/article/south-african-rand-weakens-as-investors-watch-middle-east-developments-await-local-data-2026-05-19</link>
            <description><![CDATA[The South African rand weakened on Tuesday as investors stayed cautious while monitoring developments in the Middle East after US President Donald Trump paused a planned attack on Iran. At 0730 GMT the rand traded at 16.6250 against the dollar, 0.3% weaker than its previous close.]]></description>
            <author>  Reuters</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Tue, 19 May 2026 10:19:00 +0200</pubDate>
        <a_id>721559</a_id>
        <updated>1779180304</updated>
        <published>1779178740</published>
        <expires>99999999999</expires>
        <editor>  Reuters</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001272661_resized_donaldtrump0125bloomberg1022.jpeg</image_url>
        <image_title>US President Donald Trump</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Industrial gas users outline policy actions needed to avert gas cliff</title>
            <link>https://www.engineeringnews.co.za/article/industrial-gas-users-outline-policy-actions-needed-to-avert-gas-cliff-2026-05-18</link>
            <description><![CDATA[The Industrial Gas Users Association-Southern Africa (IGUA-SA) has outlined the policy requirements it believes are now required to mitigate what would otherwise be a steep decline in gas supply to domestic industry by 2030. Described as a ‘gas cliff’ the fall-off is anticipated when existing supply from Mozambique’s Pande-Temane fields is no longer available to industrial consumers from 2028 and after Sasol ends its temporary two-year supply of methane-rich gas, produced using coal.]]></description>
            <author>Terence Creamer</author>
            <category>GAS</category>
            <pubDate>Mon, 18 May 2026 16:07:00 +0200</pubDate>
        <a_id>721517</a_id>
        <updated>1779113752</updated>
        <published>1779113220</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/0001272525_resized_lngsakuraliquefiednaturalgastankerbloomberg20181022.jpg</image_url>
        <image_title>Roadmap calls for gas supply, liquefied natural gas terminals, pipelines, storage and gas-to-power infrastructure to be designated as strategic national economic infrastructure.</image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Eskom warns of Joburg power cuts after city ‘fails to honour terms of court order’</title>
            <link>https://www.engineeringnews.co.za/article/eskom-warns-of-joburg-power-cuts-after-city-fails-to-honour-terms-of-court-order-2026-05-18</link>
            <description><![CDATA[Eskom has issued a public notice warning of possible electricity supply interruptions in the City of Johannesburg (CoJ) from July 8, owing to an alleged failure by the municipality to honour the terms of a settlement agreement relating to outstanding debt and the payment of its current electricity account. The settlement agreement was made an order of the High Court in November last year.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICITY</category>
            <pubDate>Mon, 18 May 2026 15:00:00 +0200</pubDate>
        <a_id>721500</a_id>
        <updated>1779114076</updated>
        <published>1779109200</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/0001272492_resized_johannesburg1022reuters.jpeg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Ramaphosa calls for 'sustained effort' to bridge SA's investment-to-growth gap</title>
            <link>https://www.engineeringnews.co.za/article/ramaphosa-calls-for-sustained-effort-to-bridge-sas-investment-to-growth-gap-2026-05-18</link>
            <description><![CDATA[President Cyril Ramaphosa on Monday emphasised that transforming investment pledges into large-scale growth and job creation takes time, noting that achieving the National Development Plan's target to raise gross fixed capital formation to 30% of GDP by 2030 will require “sustained, collective effort and productive” domestic investment. In his weekly letter to the nation, Ramaphosa highlighted that while recent infrastructure summits and the South Africa Investment Conference have yielded massive pledges, a significant gap remains between these promises and implementation. He said GFCF currently sits at around 14% of GDP, well short of the 30% target. “Our GFCF reached around 21% in 2008, driven by a sustained commodity boom, the start of Eskom’s build programme and infrastructure expansion ahead of the 2010 FIFA World Cup. There has been a steady decline since then, as the global financial crisis and the period of state capture progressively undermined private investment and business confidence,” he stated.]]></description>
            <author>Thabi  Shomolekae</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Mon, 18 May 2026 10:00:00 +0200</pubDate>
        <a_id>721456</a_id>
        <updated>1779113879</updated>
        <published>1779091200</published>
        <expires>99999999999</expires>
        <editor>Sashnee Moodley</editor>
        <has_video>0</has_video>
        <has_audio>0</has_audio>
        <image_url>https://cisp.cachefly.net/assets/articles/images/resized/0001272363_resized_cyrilramaphosa31022.jpg</image_url>
        <image_title>President Cyril Ramaphosa </image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>[OPINION] The Digital Life of Citizen X: Information Highways, Data, and Digital Sovereignty</title>
            <link>https://www.engineeringnews.co.za/article/the-digital-life-of-citizen-x-information-highways-data-and-digital-sovereignty-2026-05-15</link>
            <description><![CDATA[This opinion article by Mark Burke looks at where South Africa's data is physically hosted and who owns and controls the infrastructure that stores citizens' data across public and private sector systems.  The Informational Travels of Citizen X]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Macro &amp; Micro</category>
            <pubDate>Fri, 15 May 2026 14:45:00 +0200</pubDate>
        <a_id>721421</a_id>
        <updated>1778852057</updated>
        <published>1778849100</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/0001272264_resized_dataserverswsp07221022.jpg</image_url>
        <image_title></image_title>
        <image_width>511</image_width>
        <image_height>287</image_height>
        </item>
        <item>
            <title>Amplified calls for Cabinet-endorsed electricity reform roadmap</title>
            <link>https://www.engineeringnews.co.za/article/amplified-calls-for-cabinet-endorsed-electricity-reform-roadmap-2026-05-14</link>
            <description><![CDATA[Independent power producer and licensed trader NOA has amplified a recent call for the publication of a Cabinet-endorsed electricity reform roadmap to ensure that the shift to the competitive market structure envisaged in legislation and policy is implemented. NOA head of trading Andrew Taylor argued this week that the Electricity Regulation Amendment Act and the impending launch of the South African Electricity Wholesale Market (SAWEM) offered a credible path to a competitive, green and affordable electricity system, but currently lacked an authoritative, coherent and sequenced implementation plan.]]></description>
            <author>Terence Creamer</author>
            <category>ELECTRICITY</category>
            <pubDate>Thu, 14 May 2026 15:35:00 +0200</pubDate>
        <a_id>721301</a_id>
        <updated>1778835556</updated>
        <published>1778765700</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>NOA head of trading Andrew Taylor</image_title>
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            <title>Goldman now sees two 2026 South Africa rate hikes because of war</title>
            <link>https://www.engineeringnews.co.za/article/goldman-now-sees-two-2026-south-africa-rate-hikes-because-of-war-2026-05-14</link>
            <description><![CDATA[Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts quarter-point increases at the central bank’s meetings in May and July, after raising its oil-price and inflation assumptions in response to ongoing tensions in the Middle East, Goldman economist Andrew Matheny said in an interview. “We have shifted to a baseline for two rate hikes,” Matheny said, adding that the likelihood of larger half-point increases remained “quite low.” “Prior to the Iran war, we had been forecasting rate cuts at alternating meetings down to a 5% terminal rate,” he said, implying 75 basis points of easing in 2026. Goldman still sees the central bank lowering the policy rate to 5% — arriving there in 2029 — but now has “50 basis points of hikes before returning to a structural cutting cycle.”]]></description>
            <author>  Bloomberg</author>
            <category>Macro &amp; Micro</category>
            <pubDate>Thu, 14 May 2026 10:20:00 +0200</pubDate>
        <a_id>721242</a_id>
        <updated>1778767824</updated>
        <published>1778746800</published>
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        <editor>  Bloomberg</editor>
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            <title>S&amp;P expects sub-Saharan Africa’s growth to remain stable despite global headwinds</title>
            <link>https://www.engineeringnews.co.za/article/sp-expects-sub-saharan-africas-growth-to-remain-stable-despite-global-headwinds-2026-05-13</link>
            <description><![CDATA[While global growth is expected to slow to 2.4% for the year, down from the previously projected 2.9%, growth in sub-Saharan Africa is still expected to reach 4.1% this year and 3.8% in 2027, financial intelligence firm S&P Global Market Intelligence has said. During its Definitive Risk Conference on May 12, in Johannesburg, S&P Global Market Intelligence Africa and Middle East regional analysis head Thea Fourie said many sub-Saharan African countries were less impacted by the fuel and other commodities price shocks than regions such as Europe or Asia-Pacific.]]></description>
            <author>Schalk Burger</author>
            <category>ECONOMIC OUTLOOK</category>
            <pubDate>Wed, 13 May 2026 16:17:00 +0200</pubDate>
        <a_id>721220</a_id>
        <updated>1778684205</updated>
        <published>1778681820</published>
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        <editor>Chanel de Bruyn</editor>
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            <title>Eleven private train operators gear up for mainline entry after concluding access agreements</title>
            <link>https://www.engineeringnews.co.za/article/eleven-private-train-operators-gear-up-for-mainline-entry-after-concluding-access-agreements-2026-05-13</link>
            <description><![CDATA[The 11 private train operating companies (TOCs), which were last year allocated slots on South Africa’s mainline rail network, have now officially concluded rail access agreements with the Transnet Rail Infrastructure Manager (TRIM) and are gearing up to begin operations. At a ceremony in Sandton on May 13, TRIM confirmed that the TOCs were expected to inject an additional 24-million tonnes of freight capacity across the coal, manganese, container, fuel, and general freight segments. ]]></description>
            <author>Terence Creamer</author>
            <category>RAILWAYS</category>
            <pubDate>Wed, 13 May 2026 16:05:00 +0200</pubDate>
        <a_id>721216</a_id>
        <updated>1778827271</updated>
        <published>1778681100</published>
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        <editor>Creamer Media Reporter  </editor>
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        <image_title>Representatives form the train operating companies hold up rail access certificates at a ceremony addressed by various Transnet executives, including CEO Michelle Phillips (seated in green). </image_title>
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