January marked a poor start to the year for the Absa Purchasing Managers’ Index (PMI), with its headline index having declined to 43.6 points, down from 50.9 in December. Absa attributes the... 

The International Trade Administration Commission of South Africa (Itac) has created a temporary rebate provision for the importation of certain cold-rolled steel and painted steel; a rebate... 

Within the Europe, Middle East and Africa (EMEA) region, South Africa is being looked at in a more favourable light as a location for private business, according to PwC’s latest 'EMEA Private... 

President Cyril Ramaphosa said on Wednesday that the start of preferential trade will create great opportunities for growth and development for South Africa and many other African countries.... 

Mergers and acquisitions in South Africa are set to rebound this year as the $405-billion economy starts to show signs of recovery, according to Investec. As macroeconomic metrics improve around... 

Business organisation Business Unity South Africa (Busa) has appointed Mxolisi Mgojo as its new president, after Bonang Mohale stepped down in August 2023, one year before the end of his term of... 

The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining activity and acting as a drag on the entire region.... 

The Independent Power Producer Office (IPPO) reports that it is engaging with Eskom on its newly released curtailment addendum to the latest Generation Connection Capacity Assessment (GCCA 2025) –... 

Global economic growth is expected to be subdued, if not stagnant this year, with global trade also expected to be sluggish, financial services provider Investec reports. According to the World... 

The Gauteng Department of Roads and Transport has expressed “deep concern” regarding a recent surge in vandalism and theft targeting traffic signals within the province. In a statement issued on... 

As the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) became effective from October 1 last year, South Africa remains highly vulnerable and will likely pay high amounts of carbon... 

Italian Prime Minister Giorgia Meloni called for a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and... 

South African developers of mature green hydrogen or derivatives projects are potentially eligible for non-refundable grant funding being extended under Germany’s €270-million Power-to-X (PtX)... 

President Cyril Ramaphosa will officiate the launch of South Africa's first shipment and preferential trading under the African Continental Free Trade Area (AfCFTA) Agreement on January 31. The... 

Over a five-year period, the average 1.3% a year decline in the metals and engineering sector will lead to an average 2.9% decline in employment, or 293 754 direct and indirect job losses, industry... 

Government is seeking to finalise a plan aimed at improving its rail network and move cargo away from its overburdened roads.  While the economy loses a billion rand per day to its logistics... 

After acting as a drag on sub-Saharan African growth in 2023, Nigeria and South Africa are expected to reverse this trend during the current year, as they shake off the effect of the headwinds that... 

Grid-scale energy storage solutions company Energy Vault has signed a licensing and royalty agreement with a South African consortium, established with the aim of deploying the NYSE-listed... 

South Africa’s Monetary Policy Committee kept interest rates on hold at 8.25% in its first meeting of the year, having left the benchmark rate unchanged at a 14-year high for the past nine months.... 

The Department of Transport (DoT) is canvasing as series of interventions aimed at attracting freight back to South Africa’s struggling rail system from road, which has emerged as the country’s... 

Independent Power Producer (IPP) Office head Bernard Magoro has signalled that the projects bid during the current seventh renewables procurement bid window could carry a price premium, as bidders... 

The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the... 

South Africa’s national budget day has been confirmed for 21 February at 14:00, according a statement by the National Treasury on Wednesday. Finance Minister Enoch Godongwana will "announce... 

A new International Energy Agency (IEA) report on electricity highlights that per person electricity demand across Africa has been stagnant for three decades, making the continent a worrying... 

Annual consumer price inflation eased for a second consecutive month, to 5.1% in December from 5.5% in November. December's inflation rate was the lowest since August last year.  The median... 

President Cyril Ramaphosa has axed disgraced economist Thabi Leoka from his Presidential Economic Advisory Council. "On Monday, 22 January 2024, the Presidency communicated to Ms Leoka the... 

Energy solutions company KS Energy is targeting financial closure this year for the first phase of a small-scale liquefied natural gas (LNG) supply chain in partnership with a Tanzanian gas... 

South Africa’s delegation to the World Economic Forum’s (WEF’s) yearly meeting in Davos, Switzerland, from January 15 to 19, led by Finance Minister Enoch Godongwana, has said it used the platform... 

State-owned development financier the Development Bank of Southern Africa (DBSA) is gearing up to play a role in the public procurement of 7 615 MW of new electricity generation and storage... 

South Africa’s national budget day is currently scheduled for 21 February, according to National Treasury, which added that the date still needed final confirmations. This year’s event will be... 

The rapid pace at which South Africa is building renewable energy projects, driven by private sector investment, is viewed as positive in the global context, including at the recently held World... 

Sasol and Topsoe have appointed Shell’s Jan Toschka as CEO of their recently established sustainable aviation fuel (SAF) JV. Toschka is described as a seasoned leader in the aviation fuels... 

An investigation by the Department of Mineral Resource and Energy has uncovered that 70 petrol stations across the country are selling dodgy diesel to customers, a clear sign profiteers are cutting... 

Financial technology company Ukheshe International has acquired 100% of EFT Corporation (EFTCorp) in what Ukheshe describes as a milestone in both companies’ commitment to innovation and growth.... 

African central banks due to decide on interest rates in the next three weeks are poised to maintain tight monetary policies, in contrast to their emerging market peers in Europe and Latin America,...