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Macro & Micro

Cyber crime
PSA urges govt to prioritise cybersecurity amid attacks
14th March 2024 By: Thabi Shomolekae

The Public Servants Association wants government to prioritise cybersecurity, including investing in skills development, following recent cyberattacks on government systems. The PSA expressed... 


Bopa Morua co-managing partner Nthime Khoele
RMB Ventures, Bopa Moruo acquire majority stake in Icon Oncology
14th March 2024 By: Schalk Burger

Private equity investment firms RMB Ventures and Bopa Moruo have acquired a majority stake in cancer treatment provider Icon Oncology for an undisclosed sum. Icon has a national footprint of 26... 


International Monetary Fund African development director Abebe Selassie
Crisis of confidence has exacerbated sub-Saharan Africa’s funding squeeze
13th March 2024 By: Marleny Arnoldi

Various shocks have resulted in commodity price pressure and fiscal constraints globally, but sub-Saharan African countries, in particular, have been experiencing a “funding squeeze” as a result of... 


US Deputy Treasury Secretary Wally Adeyemo
US Treasury's No 2 urges South Africa to boost fight against corruption
13th March 2024 By: Reuters

US Deputy Treasury Secretary Wally Adeyemo on Wednesday urged South Africa to step up its battle against corruption, saying that work could help boost job creation in a country facing an... 


Reserve Bank governor Lesetja Kganyago
South Africa should get off global regulator's 'grey list' in 2025, says Kganyago
13th March 2024 By: Reuters

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 


Trade conditions remain tough – Sacci
13th March 2024 By: Creamer Media Reporter

The South African Chamber of Commerce and Industry (Sacci) says the results from its February survey of trade conditions confirm an ongoing rough trade environment that first began to deteriorate... 


Wind turbine at sunrise
IPPO confirms May 30 renewables bid deadline as it moves to accommodate grid quotes and curtailment
13th March 2024 By: Terence Creamer

The Independent Power Producer Office (IPPO) has confirmed that the deadline for submissions under Bid Window Seven (BW7) of the Renewable Energy Independent Power Producer Procurement Programme... 


worker's hands, laying cement
Built Environment Indaba to address substandard project delivery, other challenges
12th March 2024 By: Darren Parker

Poor-quality projects, site invasions and inadequate transformation are some of the key issues that will be addressed at the inaugural Built Environment Indaba, which will be held at the Gallagher... 


construction workers on scaffolding
Construction sector mafia targeting executives as well
12th March 2024 By: Darren Parker

The impact of the construction mafia is starting to be felt higher up the food chain, with Black Building Council in the Built Environment (BBCBE) president Danny Masimene noting that executives... 


ECDC, MBDA announce R10m support for the film industry in the Eastern Cape
12th March 2024 By: Schalk Burger

The Eastern Cape Development Corporation (ECDC) and the Mandela Bay Development Agency (MBDA) have signed a R10-million agreement to support the local film industry and provide local infrastructure... 


Electricity Minister Kgosientsho Ramokgopa
South Africa won’t need Electricity Minister by end of 2024
12th March 2024 By: Bloomberg

Electricity Minister Kgosientsho Ramokgopa said an anticipated improvement in electricity supply should see him out of a job by the end of 2024. The country, which has been plagued by crippling... 


FNB/BER building confidence index ‘nosedives’ to 27 in the first quarter
11th March 2024 By: Schalk Burger

The FNB/BER Building Confidence Index dropped by 16 points to 27 in the first quarter of this year, from 43 in the fourth quarter of 2023, and four of the six sectors surveyed recorded a decline in... 


Locomotives used by Transnet Freight Rail
GDP figures cap decade of negative GDP per capita growth – BLSA
11th March 2024 By: Schalk Burger

While the gross domestic product (GDP) growth for the fourth quarter of 2023 was 0.1%, growth was negative in terms of GDP per capita, given that population growth is outpacing it. "We have been... 


Infrastructure Finance Advisory Institute director Bongani Mankewu
Infrastructure finance expert commends incoming amendments to PPP framework
11th March 2024 By: Marleny Arnoldi

As government garners public comment on key proposed amendments to legislation governing public-private partnerships (PPPs), Infrastructure Finance Advisory Institute director Bongani Mankewu says... 


Image of Cyril Ramaphosa
Ramaphosa assures Eskom working on increasing electricity generation capacity
11th March 2024 By: Thabi Shomolekae

President Cyril Ramaphosa noted on Monday that Eskom, under the leadership of its new Group CEO, is finalising an agreement with business to deploy additional independent skilled experts to support... 


SA/US Flag
US Treasury's No. 2 to visit South Africa next week
8th March 2024 By: Reuters

US Deputy Treasury Secretary Wally Adeyemo will visit South Africa next week, a Treasury spokesperson told Reuters, where he will seek to advance the economic relationship between the two countries... 


Zimbabwe flag
Zim’s economic woes are a result of corruption, not sanctions – US Department of State
8th March 2024 By: Thabi Shomolekae

US Department of State acting deputy assistant secretary in the Bureau of African Affairs David Gainer argued that Zimbabwe’s economic woes are not because of US sanctions, but because of the... 


Drought-affected maize crops
El Niño scorches Southern Africa with driest February on record
8th March 2024 By: Bloomberg

A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send already high food prices surging further. Last month,... 


Public Enterprises Minister Pravin Gordhan
Gordhan to retire after elections
8th March 2024 By: Reuters

Minister of Public Enterprises, Pravin Gordhan, will retire after this year's general elections on May 29, he told Reuters on Friday. Gordhan oversees State entities including struggling power... 


Rand currency
South Africa current account gap widens more than forecast
7th March 2024 By: Bloomberg

South Africa’s current-account deficit widened more than expected in the fourth quarter of 2023, as dividend and interest payments to foreign investors resulted in the biggest outflow since the... 


Person working on a laptop
Purpose-driven organisations will attract, retain talent – PwC
7th March 2024 By: Schalk Burger

Employers need to strive to provide purpose at the heart of their operations, as employees scrutinise how well their organisation is looking after the workforce and doing the right thing by society... 


South Africa's current account deficit widens sharply in fourth quarter
7th March 2024 By: Reuters

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data... 


Pele Green Energy MD Gqi Raoleka
Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision
7th March 2024 By: Terence Creamer

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering... 


Business Confidence Index indicates conditions deteriorated further in the first quarter
6th March 2024 By: Schalk Burger

The Rand Merchant Bank/Bureau for Economic Research (RMB/BER) Business Confidence Index (BCI) ticked down by one point to reach 30 in the first quarter, indicating that business conditions... 


Kendal power station
Move to formalise deal on injecting private skills into Eskom amid plan to add and recover 10.6 GW by end-2025
6th March 2024 By: Terence Creamer

Government and business have set a goal of increasing South Africa’s electricity generation capacity by 10.6 GW by the end of 2025 as part of ongoing collaborative efforts to tackle growth-sapping... 


Scopa/SIU MoU flags Eskom intelligence, National Skills Fund reports for investigation in seventh administration
6th March 2024 By: Sashnee Moodley

The Standing Committee on Public Accounts and the Special Investigating Unit have assured that the Eskom intelligence report and the National Skills Fund matters will be flagged for consideration... 


Hawks fleet boosted with new cars to widen operational footprint
Hawks fleet boosted with new cars to widen operational footprint
6th March 2024

The Directorate for Priority Crime Investigation, also known as the Hawks, was given a new fleet of cars last month to improve its response time and broaden the national footprint of the... 


pen glasses and calculator
PwC report highlights importance of building trust by paying tax
5th March 2024 By: Darren Parker

Auditing firm PwC has released its ‘Building Public Trust through Tax Reporting’ publication, which outlines the importance of tax in the business operating environment and look at why tax is... 


A truck operating at a mine
South African economy averts recession as mining sector rebounds
5th March 2024 By: Bloomberg

South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries including mining and manufacturing rebound. Gross... 


An aerial view of the Port of Durban
Business activity picks up in February, PMI survey shows
5th March 2024 By: Reuters

South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P... 


Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Solar, battery, inverter imports surged to R70bn in 2023 as wind turbines recovered from two-year lull
4th March 2024 By: Terence Creamer

South African imports of solar panels, lithium-ion batteries and inverters climbed to a record $3.8-billion last year, or about R70-billion, while imports of wind turbines began to recover... 


A truck with the Bidvest International Logistics logo
Bidvest grows trading profit, declares dividend, pursuing further acquisitions
4th March 2024 By: Schalk Burger

JSE-listed diversified services, trading and distribution company Bidvest recorded an 8.8% year-on-year increase in revenue to R62.2-billion andan 11.8% increase in trading profit to R6.5-billion... 


BLSA CEO Busi Mavuso
Mavuso urges public-private collaboration to mitigate looming natural gas cliff
4th March 2024 By: Marleny Arnoldi

Once again policy inaction and government’s inability to commit to large-scale investment will lead to a new blow to energy availability in the economy, with the looming natural gas cliff from... 


AfCFTA investment protocol has international best practices, dispute settlement annex still outstanding
1st March 2024 By: Schalk Burger

Continental trade bloc the African Continental Free Trade Area (AfCFTA) aims to integrate regional trade blocs to unlock synergies to drive more intra-African trade and enable countries to derive... 


EWSETA CEO Mpho Mookapele
EWSETA develops, implements specialised renewable energy, water training programmes
1st March 2024 By: Darren Parker

To support the development of critical skills within the water and energy sector, the Energy and Water Sector Education and Training Authority (EWSETA) is developing and implementing specialised... 


National Treasury director-general Dr Duncan Pieterse
PPP reforms could avert need for prescribed-assets policy to increase private infrastructure investment – Pieterse
1st March 2024 By: Terence Creamer

National Treasury director-general Dr Duncan Pieterse says the reforms being proposed to facilitate greater private sector investment into infrastructure could obviate the need to introduce a... 


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