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Macro & Micro

Some parties are still objecting to the election results announced on Sunday night
Business urges all parties to accept election results and work together to rebuild country
3rd June 2024 By: Terence Creamer

Organised business has urged political leaders to accept the 2024 election results and to prioritise the crafting of stable governance arrangements underpinned by a commitment to the Constitution,... 


A container being moved
Absa PMI dips to 43.8 in May amid uncertainty
3rd June 2024 By: Schalk Burger

The Absa Purchasing Managers’ Index (PMI) fell below 50 points to 43.8 points in May, from 54 points in April, despite the fact that there was no loadshedding that month. Absa states that the... 


Rand Currency
South Africa’s post-election wrangling leaves investors in limbo
3rd June 2024 By: Bloomberg

Investors braced for further upheaval in South Africa’s financial markets in the wake of last week’s elections that produced no outright winner, with the outcome of ongoing coalition talks... 


Inside the IEC's election ROC
Hope and angst grip South African markets as coalition era dawns
31st May 2024 By: Bloomberg

Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a... 


Reserve Bank Governor Lesetja Kganyago
SARB holds rates in shadow of election
30th May 2024 By: Bloomberg

The South African Reserve Bank (SARB) left borrowing costs unchanged, delivering the widely expected verdict one day after the nation held pivotal elections. The monetary policy committee kept its... 


Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Supply-side support will be required if South Africa aims to join green industrialisation race
30th May 2024 By: Terence Creamer

Stable demand remains a prerequisite if South Africa has any prospect of stimulating industrialisation in the renewable-energy and battery storage value chains, Trade & Industrial Policy Strategies... 


Representatives from the AFC, Alstom and MetroKin sign MoU
Africa Finance Corporation signs MoU with Alstom to deliver rail project in the DRC
30th May 2024 By: Darren Parker

Infrastructure financier the Africa Finance Corporation (AFC) and sustainable mobility company Alstom have signed a memorandum of understanding to propel the development of the Kinshasa MetroKin... 


EIB Global invests €25m in Amethis Fund III to promote African business growth
30th May 2024 By: Darren Parker

Investment organisation the European Investment Bank (EIB) Global has invested €25-million into pan-African fund Amethis Fund III, which aims to provide private equity growth capital to... 


Wind and solar
Capital cost of energy transition ‘only one part of the picture’
30th May 2024 By: Terence Creamer

The yearly $1.9-trillion being invested currently on clean energy would have to more than double and be more evenly distributed to place the world on track to meet net-zero emissions by 2050, a new... 


Image of Lesetja Kganyago
South Africa to stay course on rates amid election noise
30th May 2024 By: Bloomberg

South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years.... 


South African banknotes
Rand strengthens on eve of national election
28th May 2024 By: Reuters

The South African rand strengthened a day before a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 1605 GMT, the rand traded at... 


South African rand stable, national election looms
South African rand stable, national election looms
28th May 2024 By: Reuters

The South African rand was stable in early trading on Tuesday, against a weaker dollar and ahead of a national election on Wednesday which could see the ruling party lose its majority for the first... 


China President Xi Jinping
Post-Covid, China is back in Africa and doubling down on minerals
28th May 2024 By: Reuters

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade... 


PCC executive director Dr Crispian Olver
Delayed coal decommissioning won’t ‘collapse our climate commitments’
27th May 2024 By: Terence Creamer

The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations... 


Crime, corruption keep South Africa’s S&P rating in check
24th May 2024 By: Bloomberg

S&P Global Ratings said it is closely monitoring the outcome of South Africa’s elections next week and subsequent government policies to address issues from crime to energy supply that have... 


Solar PV facilities made up 99 of the registrations, with total capacity of 499 MW and an investment cost of R9.9-billion
Nersa confirms registration of 105 more generators as overall number rises to 1 415
24th May 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) reports that it registered a further 105 generation facilities during the period from January to March 2024, raising to 1 415 the number of... 


Trade, Industry and Competition Minister Ebrahim Patel
Patel to leave Cabinet after elections
24th May 2024 By: Tasneem Bulbulia

Trade, Industry and Competition Minister Ebrahim Patel has announced that he will conclude his service in Cabinet after next week's election. “I wish to thank the President [Cyril Ramaphosa] and... 


A generic image of German flags
Technology emphasised as way to increase sustainable mining – Chamber
24th May 2024 By: Lumkile Nkomfe

The Southern African - German Chamber of Commerce and Industry (SAGCC) highlights that the development of many countries in Southern Africa is linked to the mining sector. The organisation asserts... 


An image of Innomotics Country CEO Tim Walwyn
Southern Africa always a key market – firm
24th May 2024 By: Lumkile Nkomfe

With the trusted legacy of more than 150 years of Siemens engineering expertise, Innomotics is the backbone of reliable motion for industries and infrastructure worldwide. Amid the increased... 


Stefanutti CEO Russell Crawford
Things looking up for Stefanutti following y/y uptick in profits, contract revenue
23rd May 2024 By: Darren Parker

JSE-listed multidisciplinary construction group Stefanutti Stocks has reported an improvement in contract revenue to R7.1-billion for the 12 months ended February 29, up from R6.1-billion in the... 


Empowering women in energy the intelligent thing to do, says DMRE official
23rd May 2024 By: Rebecca Campbell

The Department of Mineral Resources and Energy (DMRE) had been running a five-year Energy Sector Women Empowerment Strategy since 2021, pointed out DMRE deputy director-general Hilda Mhlongo on... 


gas pipelines
Gas still has a crucial role to play in South Africa’s energy mix – Kearney
23rd May 2024 By: Darren Parker

Gas has an important role to play in South Africa’s energy transition journey, Kearney partner Prashaen Reddy says amid calls for public comments on a draft Gas Master Plan, which was released for... 


An EU flag
South Africa considers complaining to WTO against EU carbon border tax
22nd May 2024 By: Reuters

South Africa is considering lodging a formal complaint at the World Trade Organization against the European Union's "protectionist" carbon border levy, Trade Minister Ebrahim Patel said on... 


Eskom’s has applied for permission to reserve scarce grid capacity for IPPs participating in public procurement bidding rounds
Presidency insists 22.5 GW private IPP pipeline won’t be disrupted by Eskom move to reserve grid for public projects
22nd May 2024 By: Terence Creamer

The Presidency does not anticipate that Eskom’s move to reserve scarce grid capacity for independent power producers (IPPs) participating in public procurement bidding rounds will disrupt the more... 


UN agency has launched a report on green business and financing in Africa
22nd May 2024 By: Rebecca Campbell

Africa has major opportunities for green economic development and could become a world-leader in it, UN Development Programme (UNDP) Regional Service Centre for Africa director Dr Matthias Naab... 


Photo of the Johannesburg skyline
South Africa refiles work-permit changes to create nomad visa
22nd May 2024 By: Bloomberg

South Africa’s Department of Home Affairs refiled long-awaited changes to its work-permit regime to allow for the creation of a so-called nomad visa for remote workers. The May 20 gazetting of the... 


Summit emphasises imperativeness of supporting SMMEs
21st May 2024 By: Tasneem Bulbulia

Small, medium-sized and microenterprises (SMMEs) in the country are grappling with various challenges, including a lack of coordination between the public and private sectors, insufficient... 


The JSE logo on a class door
Eswatini govt issues new R4bn bond programme on South Africa's JSE
21st May 2024 By: Creamer Media Reporter

The Eswatini government has, through Absa Bank, recently issued a R4-billion bond programme on the JSE's debt board. This new issuance is the latest bond to list under the Protea Bonds segment,... 


Haul trucks in operation at a West African mine
Use resources to diversify African economies, unlock sustainable growth
21st May 2024 By: Schalk Burger

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 


Hand holding a stack of ZiG10 banknotes
Zimbabwe asks miners to ramp up gold output to support ZiG currency
21st May 2024 By: Bloomberg

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new... 


Vumacam
Vumacam surveillance tech yields 10% boost in crime interceptions, arrests in Gauteng
20th May 2024 By: Darren Parker

The Gauteng provincial government (GPG) has reported a “substantial impact” on criminal activities across the province has been achieved 100 days into the rollout of its surveillance project, which... 


steers burger and chips
Famous Brands reports bump in revenue, while profits decline for 2024 financial year
20th May 2024 By: Darren Parker

Branded food services franchisor Famous Brands has reported an 8% increase in revenue to R8-billion for the financial year ended February 29, although a 6% decrease in profit to R812-million and a... 


Apollo Africa MD Jenna Harris
Energy trader reports strong market demand for green electricity from 210 MW Hendrina Wind Farm
20th May 2024 By: Terence Creamer

Newly formed electricity trader Apollo Africa reports that it is experiencing strong demand from potential customers for the renewable electricity that will be produced from the grid-ready 210 MW... 


President Cyril Ramaphosa may sign ERA Bill ahead of the elections
Eyes turn to Union Buildings after NCOP approves Electricity Regulation Amendment Bill
16th May 2024 By: Terence Creamer

The National Council of Provinces (NCOP) has approved the Electricity Regulation Amendment (ERA) Bill, which has far-reaching implications for the future structure and operation of an electricity... 


Threats of legal action after Ramaphosa signs NHI into law
Threats of legal action after Ramaphosa signs NHI into law
16th May 2024 By: Thabi Shomolekae

Civil society organisations and political parties are threatening legal action following Wednesday’s controversial signing of the National Health Insurance Bill. President Cyril Ramaphosa, who... 


Prescient supports Reatile’s acquisition of stake in 240 MW solar project
16th May 2024 By: Creamer Media Reporter

Prescient Investment Management has approved R324-million in equity finance to support black-owned investment company Reatile acquire a 31.5% stake in a 240 MW Free State solar PV project. The... 


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