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Macro & Micro

Reuel Khoza
Khoza calls for political leaders to prioritise ‘common good’ as he lambasts ‘betrayers’ of the Constitution
5th June 2024 By: Terence Creamer

Renowned and outspoken business personality Reuel Khoza has urged South Africa’s political leadership currently negotiating the governance arrangements that should be implemented following an... 


Two rand with flag background
Business confidence ticked up ahead of elections but more is needed to spur investment
5th June 2024 By: Marleny Arnoldi

The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI) increased by five points to 35% in the second quarter of the year ahead of the national... 


CDE executive director Ann Bernstein
Think tank outlines five priorities for new government and for shaping coalition talks
5th June 2024 By: Terence Creamer

The Centre for Development and Enterprise (CDE) has released a list of five priorities for South Africa’s yet-to-be-formed new government and which the think tank also argues should help guide... 


Demonstrations by climate activists
Green Connection petitions court to ‘force’ Nersa, DMRE to supply Karpowership information
5th June 2024 By: Darren Parker

Environmental activist nonprofit organisation the Green Connection has taken the National Energy Regulator of South Africa (Nersa) and the Department of Mineral Resources and Energy (DMRE) to court... 


The Cape Town CBD at night
South Africa business activity grows again in May, PMI shows
5th June 2024 By: Reuters

South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers'... 


Standard Bank CEO Sim Tshabalala
Standard Bank’s Tshabalala confident South Africa’s institutions will deliver post-election stability
4th June 2024 By: Terence Creamer

While refusing to be drawn on what coalition arrangement would be favourable for investment, Standard Bank CEO Sim Tshabalala has expressed confidence in the ability of South Africa’s institutions... 


North-West University Business School economist Professor Raymond Parsons
Persistently poor GDP growth most significant feature of South Africa’s economic performance
4th June 2024 By: Darren Parker

South Africa’s continued disappointing economic growth remains the most significant feature of the country’s macroeconomic performance, North-West University Business School economist Professor... 


A farm in South Africa
GDP decreased by 0.1% in the first quarter
4th June 2024 By: Creamer Media Reporter

South Africa’s GDP decreased by 0.1% in the first quarter of this year, Statistics South Africa reports. The manufacturing industry decreased by 1.4% in the first quarter, contributing -0.2 of a... 


National Treasury director-general Duncan Pieterse
South Africa's fiscal stance to stay balanced under coalition, Treasury says
4th June 2024 By: Reuters

South Africa's National Treasury intends to stick to a balanced fiscal stance under a coalition government, its director-general said on Tuesday, after the African National Congress (ANC) lost its... 


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... 


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