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Macro & Micro

Image of Alan Winde
W Cape Premier’s department allocates over R100m to fix energy crisis
26th March 2024 By: Thabi Shomolekae

Western Cape Premier Alan Winde announced on Tuesday that over the current Medium Term Expenditure Framework, the Department of the Premier is ploughing R103.4-million into a response to the energy... 


Solar panels
Solar PV body questions technology costs and build limits in draft IRP
26th March 2024 By: Terence Creamer

The South African Photovoltaic Industry Association (SAPVIA) questions both the cost assumptions used for the technology in the draft Integrated Resource Plan 2023 (IRP 2023), as well as the 900 MW... 


Image of Risenga Maluleke
Decline in formal sector employment for 2023 Q4 – Stats SA
26th March 2024 By: Thabi Shomolekae

The Statistician-General of South Africa Risenga Maluleke on Tuesday reported a decrease in the total number of employees in the formal non-agricultural sector by 194 000 in the fourth quarter of... 


African development finance institution secures its biggest ever debt facility
26th March 2024 By: Rebecca Campbell

African infrastructure funding specialist, the Africa Finance Corporation (AFC), announced on Tuesday that it had successfully closed its largest ever debt facility. This is a $1.16-billion... 


A New Development Bank logo
Brics development bank aims to make $5bn in loans in 2024
26th March 2024 By: Reuters

The New Development Bank (NDB), set up by the Brics group of emerging economies, aims to make about $5-billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. "During the... 


Johannesburg executive mayor Kabelo Gwamanda
Joburg’s climate action plan to create more than 400 000 jobs – Gwamanda
25th March 2024 By: Darren Parker

Investment into climate mitigating strategies, as outlined in the City of Johannesburg’s Climate Action Plan (CAP), could create as many as 340 000 jobs, while investment into climate adaptation... 


Image of Cyril Ramaphosa
Ramaphosa denies SA’s position on Israeli-Palestine conflict could jeopardise relationship with US
25th March 2024 By: Thabi Shomolekae

President Cyril Ramaphosa averred on Monday that the suggestion that South Africa’s position on the Israeli-Palestinian conflict could lead to a deterioration of its relations with the US is... 


DLA Piper appoints Kalidou Gadio as US-Africa Practice co-chair
25th March 2024 By: Schalk Burger

Law firm DLA Piper has appointed Kalidou Gadio as co-chairperson of the US-Africa Practice based out of its Washington DC office. He brings deep knowledge of the sub-Saharan Africa, Middle East and... 


Lime farm, in Hoedspruit
First-quarter agriculture sentiment largely influenced by drought, public infrastructure deterioration
25th March 2024 By: Marleny Arnoldi

The Agricultural Business Chamber (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) has remained unchanged in the first quarter of the year at a level of 40.... 


Powerlines
NTCSA unbundling secures lender consent, Ramokgopa confirms
25th March 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa reports that Eskom’s eight “lender groups” have given their consent to the establishment of the National Transmission Company South Africa (NTCSA) as a... 


Shoppers
S. Africa's consumer confidence improves in the first quarter, survey says
25th March 2024 By: Reuters

South Africa's first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting retail sales volumes could gradually start to... 


Britain agrees $100m trade finance to boost Africa food security
25th March 2024 By: Reuters

Development lender British International Investment said on Monday it had agreed a $100-million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost... 


Venture capital investments decline amid sociopolitical, economic uncertainties
25th March 2024 By: Sabrina Jardim

Pan-African industry association the African Private Capital Association (Avca) has reported, amid the release of its latest 'Venture Capital in Africa Report', that 2023 was a year of significant... 


A container ship travelling through the Suez Canal
Trade to rebound this year, says Unctad
22nd March 2024 By: Schalk Burger

After declines over several quarters, international trade is poised for a rebound this year, the United Nations Conference on Trade and Development's (Unctad's) latest 'Global Trade Update' states.... 


Pepkor to list on A2X
20th March 2024 By: Tasneem Bulbulia

Retailer Pepkor Holdings has been approved for a secondary listing on A2X Markets, with its shares to be available for trade on the exchange from April 2. Pepkor Holdings is listed on the JSE and... 


South Africa needs more black billionaires – Matona
20th March 2024 By: Darren Parker

Broad-Based Black Economic Empowerment Commissioner Tshediso Matona has said it is necessary to “dispel the myth” that black industrialist multimillionaires or billionaires should not exist because... 


Wind and solar farms
Independent power producer body rejects an IRP that ‘plans to fail’
20th March 2024 By: Terence Creamer

The South African Independent Power Producer Association (SAIPPA) has added its voice to a growing chorus of opposition to the draft Integrated Resource Plan 2023 (IRP 2023), the comment deadline... 


Consumers
South Africa consumer inflation rises in February
20th March 2024 By: Reuters

South Africa's consumer inflation ticked up for the second month in a row in February, moving closer to the central bank's upper target, which economists say could mean a longer wait for rate cuts... 


Rand
South African rand flat ahead of inflation, retail sales data
20th March 2024 By: Reuters

South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales data that could provide clues on the health of the local economy. At 0452 GMT, the rand traded at... 


Trust in innovation needs to be built up to change societies, economies
20th March 2024 By: Schalk Burger

Globally and in South Africa, twice as many people are likely to believe that technological innovation is being poorly managed than those who believe it is being managed well. This could have a... 


Outa CEO Wayne Duvenage
Tear up IRP 2023 and start again, Outa asserts
19th March 2024 By: Terence Creamer

The Organisation Undoing Tax Abuse (Outa) has called on the Department of Mineral Resources and Energy (DMRE) to recall and reworked the draft Integrated Resource Plan 2023 (IRP 2023) and to then... 


Africa’s biggest exchange finally sees Its IPO crisis easing
19th March 2024 By: Bloomberg

Africa’s biggest bourse, the JSE, is slowly turning the tide from a wave of delistings to companies once again considering initial public offerings. Bankers cited potential interest rate cuts,... 


Unconstrained IRP would have far more wind and solar PV, analysis shows
Conclusions in opaque IRP 2023 are ‘incorrect and economically damaging’
19th March 2024 By: Terence Creamer

In an excoriating assessment of the draft Integrated Resource Plan 2023 (IRP 2023), Meridian Economics points to serious problems with the modelling and cost assumptions used by the Department of... 


A map of Africa indicating which countries' interest rates will remain higher for longer
Africa’s biggest economies set to hold interest rates as inflation risks linger
19th March 2024 By: Bloomberg

Central banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two weeks, as they maintain tight monetary policies to... 


Rand Water purification station
South African economic hub’s water system on verge of collapse
19th March 2024 By: Bloomberg

South Africa is facing the prospect of a breakdown in the water supply to its industrial heartland and most-populated region, adding to the woes of an economy battered by power outages, congested... 


Trade, Industry and Competition Minister Ebrahim Patel
64 companies to pledge to procure from black industrialists, says Patel
18th March 2024 By: Darren Parker

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 


SAWEA CEO Niveshen Govender
SAWEA wants IRP overhaul as it questions massively diminished role for wind in current draft
18th March 2024 By: Terence Creamer

The South African Wind Energy Association’s (SAWEA’s) formal response to the draft Integrated Resource Plan 2023 (IRP 2023) questions both the modelling and assumptions used to determine the vastly... 


SA-US flag
US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 By: Bloomberg

Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who... 


Tap with water
Skills development central to fixing water quality issues, says Mavuso
18th March 2024 By: Marleny Arnoldi

In her latest weekly newsletter, published on March 18, Business Leadership South Africa (BLSA) CEO Busi Mavuso addresses the major challenge of local government’s mismanagement of water... 


Rand South African flag
Rand slips ahead of CPI, central bank meetings
18th March 2024 By: Reuters

South Africa's rand weakened in early trade on Monday, at the start of a week that will include South African inflation figures and several major central bank rate decisions. At 0705 GMT, the rand... 


OR Tambo SEZ poised to deliver economic development, employment opportunities
15th March 2024 By: Sabrina Jardim

The OR Tambo Special Economic Zone (SEZ) aims to promote economic development, job creation and growth through the government’s SEZ programme and is a flagship programme for developments in... 


Saice former president Louis de Waal
Saice pays tribute to former president Louis de Waal
15th March 2024 By: Schalk Burger

Industry organisation the South African Institution of Civil Engineering (Saice) has announced that former president Louis de Waal passed away on March 10. “Louis was a distinguished figure within... 


Electricity pylons
South Africa takes next step toward opening up electricity trade
15th March 2024 By: Bloomberg

South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another hurdle. The Electricity Regulation Act Amendment... 


Power lines
South Africa’s next energy challenge: A R390-billion grid upgrade
15th March 2024 By: Bloomberg

South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to build and fund a R390-billion expansion of the... 


An image of SRK principal environmental scientist Avril Owens
Firm offers expertise on water use applications
15th March 2024

Global mining consultancy SRK Consulting hails the introduction of the Department of Water and Sanitation’s (DWS’s) Electronic Water Use Licence Application and Authorisation System (E-WULAAS). The... 


Industrial Gas Users Association of South Africa executive director Jaco Human
Industrial gas users prepare to make ‘orderly transition’ case at crunch gas-cliff meeting
14th March 2024 By: Terence Creamer

The creation of a formal public-private platform to assess solutions to a pending “gas cliff” for industrial consumers in South Africa points to the fact that the issue is finally being taken... 


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