MODEST ECONOMIC GROWTH PREDICTED FOR SOUTH AFRICA
South Africa is relatively stable at present, with modest economic growth predicted, owing to a number of economic, public and political […]
economy
SA confident economy will turn the corner
National Treasury says S&P’s latest rating affords the country an opportunity to demonstrate that it can implement measures to turn […]
PPC posts strong results despite lacklustre local market
Friday, 23 November 2018 – PPC Ltd today announced strong financial results for the six months ended 30 September 2018. […]
Optimism in South Africa’s economic recovery fading – IMF
South Africa’s economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a […]
Goldman forecasts South African economic rebound in 2019
Goldman Sachs expects South Africa‘s economy to grow almost 3% next year, helped by President Cyril Ramaphosa‘s reforms and strong global growth, the bank‘s sub-Saharan […]
Nigeria requires N3.65 trillion annually to address housing deficit
Former MD of the Nigeria Mortgage Refinance Company, Professor Charles Inyangete, has disclosed that to forestall a housing crisis in […]
Improved economic environment bodes well for Africa infrastructure development
The economic environment for private equity investments in Africa has improved from a few years ago during a global economic downturn, and this bodes […]
Infrastructure development a key driver of South African economy
Infrastructure development is a key driver of South Africa’s growth prospects, with rail and water infrastructure focal areas.
Zuma calls for urgent measures to boost economy after downgrade
President Jacob Zuma has directed Finance Minister Malusi Gigaba to identify concrete measures to urgently address the country’s economic challenges, the president’s office said on Monday. The directive […]
SA economy grew by 2.5% – National Treasury
National Treasury on Tuesday welcomed the news that the economy grew by 2.5% in the second quarter, technically signalling that South […]
Political instability a blow to business confidence
South Africa’s political turbulence has prompted 28% of surveyed local business executives to give the nation’s economy a pessimistic outlook for the year ahead, according to advisory firm Grant Thornton’s second-quarter International Business Report (IBR).
National Treasury’s action plan may not be enough – economists
Industry does not view Finance Minister Malusi Gigaba’s new 14-point plan as likely to stimulate the growth South Africa desperately needs. Rather, economists are viewing it as a group of administrative measures that will only move to stabilise the battered economy.
Afrimat Construction Index continues to outperform general economy
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says JSE-listed open-pit mining […]
Sephaku Holdings profit increases despite challenging economic environment
JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to R68.1-million for the […]
Afrimat Construction Index continues to outperform general economy
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says Afrimat CEO Andries van Heerden. […]
Sacci BCI drops to lowest level this year
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined to its lowest level this year, at […]
SGR pumped ‘Sh130 billion into Kenyan economy’
The Chinese firm which built the high capacity railway track between Mombasa and Nairobi says it pumped billions of shillings […]
R42m industrial park will stimulate Hammanskraal economy
Trade and Industry Minister Rob Davies launched the refurbished Babelegi Industrial Park in Hammanskraal on Tuesday. The R42 million project […]
Advisory panel established to fight economic concentration
Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to […]
Downgrade will have major consequences for economy, businesses and citizens, warns AHI
Small business representative organisation AHI says Fitch’s decision to downgrade South Africa’s credit rating to junk status will lead to lower economic growth, with some […]
Koeberg injects R29bn into W Cape GDP
Public Enterprises Minister Lynne Brown says Koeberg Power Station in the Western Cape has contributed R29 billion to the province’s […]
Q1 business confidence rises but remains in negative terrain
South Africa’s business confidence rose slightly in the first quarter but remained in negative territory, a survey showed on Wednesday, […]
After spiralling costs, Ingula is now powering the economy
The Ingula pumped storage scheme, which has allegedly seen costs balloon from R8.9bn to R36bn, has pumped billions into South […]
R216m for renovation of industrial parks
The Department of Trade and Industry (dti) has set aside R216 million for the renovation of five industrial parks. The […]
‘SA economy situation increases pressure on engineering firms’
South Africa’s struggling economy has increased the pressure on engineering firms to underbid on larger projects, says Arup Southern Africa leader Poya Rasekhi. This, however, often […]
Mobile ecosystem will now add $150bn to Africa’s economy
According to Engineering News, The mobile ecosystem is now adding in excess of $150-billion – 6.7% of gross domestic product (GDP) – […]
To regain FDI ranking, South Africa must ‘rebuild trust’ with investors
South Africa’s absence – for the second year running – from the top 25 countries listed in AT Kearney’s annual […]
China Sees Mozambique as a ‘rough diamond’ amidst debt crisis
Chinese President Xi Jinping (R) meets with Mozambican President Filipe Nyusi in Johannesburg, South Africa, Dec. 3, 2015. (Xinhua/Li Tao) […]
South African executives delaying investment decisions – Grant Thornton
Nearly two-thirds of South African business executives are delaying their investment decisions, while almost half are considering investing offshore, owing to […]
Ramaphosa – “Infrastructure remains key economic driver to SA”
Deputy President Cyril Ramaphosa has presented investments in the infrastructure and ICT sectors in South Africa and Africa
Gordhan confident of meeting fiscal targets
South Africa’s Finance Minister Pravin Gordhan said on Wednesday he was confident of meeting fiscal targets for 2016, but that […]
South Africa’s growth out of sync with Africa’s other oil importers
While the International Monetary Fund (IMF) expects South Africa’s growth to halve to just 0.6% in 2016, growth in other […]
Tshwane’s economy performing better than rest of SA – Ramokgopa
Tshwane’s economy is performing better than the country as a whole, Mayor Kgosientso Ramokgopa said on Thursday. The country faced […]
Registering a business is now seamless, says Minister
The process of registering a company in South Africa is now a simpler, seamless process says Trade and Industry Minister […]
Commodity shock knocks Africa’s growth prospects – World Bank
The World Bank has lowered its 2016 growth forecast for Africa to 3.3%, from 4.2%, after the continent expanded by […]
South Africa’s business confidence improves in March
South Africa’s business confidence continued its recovery in March supported by merchandise export and import volumes,
9.5% growth presents a unique opportunity to invest and build in the DRC
Currently one bag of cement in the DRC may cost as much as US$12 to US$15, contributing to the country’s […]
Seifsa: infrastructure remains an enabler
Infrastructure development is critical to stimulate economic growth during the prevailing turbulent economic conditions, where competition is rife, the Steel […]
Gordhan says South Africa not on the path to austerity
South Africa’s recent budget was not aimed at implementing austerity measures and would not go the same path taken by some countries in Europe,
African deal making reaches turning point – major obstacles remain
After several years of steadily increasing M&A activity, African deal making has made the final step to firmly entrench itself […]
President, black professionals discuss NDP
President Jacob Zuma met with black professionals in Pretoria to discuss the implementation of government’s Programme of Action, particularly the […]
Black Industrialist Programme receives R30b in pledges
During the SONA debate on Tuesday, Trade and Industry Minister Rob Davies said the recently launched Black Industrialist Programme has […]
Businesses urged to invest in Africa
President Jacob Zuma has encouraged the business community to invest in the African continent to assist in creating jobs and […]
Japan to increase investment in SA
Mineral Resources Minister Mosebenzi Zwane has welcomed a commitment by the Japanese government to increase its investment in South Africa, […]
“Pull together to save economy”
Something has to be done to save the economy. That was the unanimous message after a meeting between Finance Minister […]
Anglo American Platinum record R12-billion loss
Despite a “strong operational performance,” Anglo American Platinum on Monday recorded a loss of R12.2 billion for the year to […]
Businesses pessimistic about S African economic outlook
South African businesses are largely pessimistic about the outlook of the domestic economy over the coming 12 months, Grant Thornton’s […]
Africa set for exponential growth by 2025 – report
Africa is expected to become the second fastest growing region in the world by 2025, with GDP of $4.5-trillion, analysis […]
Germans warn of investment retreat following signing of investment Bill
South Africa’s Promotion and Protection of Investment Bill, signed into law by President Jacob Zuma in December, is likely to […]
World Bank lowers 2016 outlook on 37 of the 46 commodities it tracks
The World Bank has lowered its 2016 price forecast for 37 of the 46 commodities it monitors and has warned […]
Chinese economic slump not the precursor to Africa’s demise – Standard Bank CEO
While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic […]
Gov’t endorses Nigerian billionaire’s investment plan
The Government of Liberia has endorsed a proposal by Nigerian billionaire Aliko Dangote to construct a 20-megawatt power plant in […]
As leaders chill in Davos, emerging economies going downhill fast
More than a trillion dollars of investment flows has fled emerging markets over the past 18 months but the exodus […]
Weak rand a ‘window of opportunity’ for struggling manufacturers
The recent sharp decline in the rand is yet to filter through to the manufacturing sector, but new Manufacturing Circle […]
South Africa still a viable investment proposition, says Gordhan
As a delegation of South African Cabinet Ministers and business representatives prepares for the World Economic Forum’s (WEF’s) yearly meeting,
Africa’s richest man will fix Nigeria’s chronic fuel crisis
After waiting in line for more than four hours to buy gasoline in Nigeria’s capital, Abuja, taxi driver Adebayo Olawole […]
South Africa not heading into a recession, Gordhan assures
South Africa was not slipping into a recession despite taking substantial hits in a storm of global economic challenges, Finance […]
New risks emerge for South African businesses
Three new major risks have emerged for South African businesses in the latest Allianz Risk Barometer 2016, with the business […]
Economy: Dangote urges Nigerians to be patient
President of Dangote Group, Aliko Dangote has urged Nigerians to be patient with the present administration of President Muhammadu Buhari. […]
Fitch questions South Africa’s economic policy following Finance Minister debacle
The replacement of a second Finance Minister in South Africa within five days has not enhanced confidence in government effectiveness […]
Aurecon appoints new MD to lead its Africa business
From 1 January 2016 onward, Ferdi Nell will lead all of Aurecon’s Africa operations, having transitioned from his previous role […]
Pravin Gordhan appointed minister of finance
The Presidency issued a statement on Sunday confirming the appointment.”I have received many representations to reconsider my decision. As a democratic […]
Economic development leads Africities discussion points
Local government is increasingly being identified as the strategic enabler for national economic and development objectives, says South African Local Government […]
Xi urges BRICS countries to cement confidence in growth
ANTALYA, Turkey, Nov. 15 (Xinhua) — Chinese President Xi Jinping on Sunday called on BRICS countries to strengthen confidence in […]
Multinationals in Africa are growing revenues but losing market share to local rivals
According to BCG, another advantage which some African companies have over multinationals, is their willingness to move up the “value […]
10 surprising facts about Africa
Ten scenarios in Africa where one – or a handful – of countries make an outsized contribution to the total: […]
Tanzania’s wealth per capita has increased
The state of the Tanzanian economy, east Africa’s second largest, is a study in contradiction, say economists. Wealth per capita […]
South Africa to retain investment grade, but fate of peers sounds warning
The recent downgrade to junk of South Africa’s emerging market peer Brazil is a timely warning that ratings agencies and […]
SA back in top 50 of global competitiveness
Improvements in “technological readiness” helped South Africa reverse a four-year decline and leapfrog seven positions to land back into the […]
Emerging economies need greater infrastructure – World Bank
As advanced economies continue to dominate the use of scarce long-term funding, emerging and developing countries are struggling to mobilise […]
SA Q3 business confidence falls, led by retailers
South Africa’s business confidence index extended losses to its weakest since late 2011 in the third quarter of this year, […]
China’s slowdown affects African economies
The slowdown in China and the associated ending of the commodity super cycle is having a major influence on the immediate growth prospects for Africa says Professor Mthuli Ncube,
Moody’s investors expects SA to avoid recession in 2015
The South African government on Wednesday welcomed Moody’s Investors Service’s decision to affirm South Africa’s sovereign ratings and maintain a […]
Finance minister to launch a new Central Supplier Database
Finance Minister Nhlanhla Nene will launch the Central Supplier Database (CSD) next Tuesday in East London at the Industrial Development […]
Mugabe pins hopes on China to restore Zimbabwe economy
President Robert Mugabe pinned his hopes on China helping to revive Zimbabwe’s struggling economy and outlined reforms to investment rules […]
Africa’s top industries to ensure growth
With the mining and oil industries under pressure as commodity prices fall to record lows, investors have to look to other prospects on the African continent.
S African economy faces instability – Kganyago
South Africa’s economy faces a turbulent time ahead as the prospect of interest rate normalisation in the United States and […]
Business Confidence Index increases by 3.3 points in July
The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) rose by 3.3 index points to 87.9 […]
Automobile Association expecting petrol price decrease
There might be good news for motorists in August, the Automobile Association of SA (AA) said on Wednesday. In terms […]
Tanzania economy receives $56m revenue from cement
The East Africa Cement Producers Association (EACPA) has revealed that the cement industry is a major contributor to the Tanzanian […]
Mozambique continued strong growth performance- IMF
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter […]
Govt, business partnership critical to end SA’s crisis – Turok
The time had come for government and business to find ways and means of working together to end South Africa’s […]
SA remains attractive investment destination
South Africa is still an attractive destination to those who are interested in mineral investments, says Chamber Mines President Mike […]
Big petrol price increase expected in July
Based on unaudited daily fuel price data released by the Central Energy Fund, fuel price increases are set to continue […]
Pause in SA’s monetary policy tightening is temporary – Reserve Bank
The current pause in South Africa’s monetary policy tightening cycle is likely to be temporary, while the speed and extent […]
Ethiopia’s economy seeing strong growth in Africa
There is worldwide agreement that Ethiopia is becoming one of the leading economies in the world. The recent World Economic […]
SA economy expecting 3% growth rate by 2017
South Africa’s economy is expected to grow by 3% by 2017 as the country has taken several steps to address […]
‘Winter has arrived for SA economy’ – expert
The biggest drop in transaction volumes in more than a decade could be an indication that winter has also arrived […]
‘South Africa remains most diverse economy in Africa’
“South Africa remains the most diverse economy on the continent – providing a supportive regulatory framework, a well-developed infrastructure network, […]
South Africa slips in 2015 competitiveness ranking
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure […]
Central bank sees ‘high likelihood’ of rate hikes
There’s a high likelihood that South Africa’s central bank will increase interest rates at its next few meetings, one of […]
Ethiopia’s construction sector growth to surpass regional peers
Light Rail Construction – Ethiopia Construction Sector to grow driven by infrastructure investments Ethiopia’s construction sector will outgrow that of […]
SA’s private sector increases at slower rate in April
Business activity in South Africa’s private sector expanded at a slightly slower rate in April but new orders continued to […]
Business confidence Index headed for dismal year
Despite a slight month-on-month recovery, the South African Chamber of Commerce and Industry (Sacci) believes that the performance of the […]
SA requires over 49,000 SMEs to generate 11m jobs
To meet the National Development Plan (NDP) target of creating 11-million jobs by 2030, South Africa needs over 49,000 SMEs […]
Major growth rate in Kenyan demand and output
Kenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27% from the 5.05Mt recorded […]
Africa still crucial for South African economy
Economic Development Minister Ebrahim Patel has told factory workers that the continent is vital for the country’s economy. “We sell […]
South African businesses in Nigeria at risk
The South African government has been given 48 hours to stop xenophobic attacks on foreign nationals and their shops or […]
South Africa a ‘favourable investment destination’
Global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a […]
Improved trade relations ‘critical’ for emerging Africa
At the International Conference on the Emergence of Africa, Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African […]
Survey shows growing importance of Nigeria
A survey of 206 African business executives shows that the revenue and profit contribution from the continent is expected to […]
South Africa: clear signal needed to keep investment gateway open
Recent events confirm that South Africa’s perceived receptiveness towards foreign direct investment (FDI) is declining. Consequently some foreigners are disillusioned, […]
Africa to remain key emerging market in 2015
Africa’s economy is projected to continue growing at between 2% and 3% above the global average over the next five […]
South African economy grew 1.5% in 2014
South Africa’s gross domestic product (GDP) grew by a meagre 1.5% in 2014, lower than the 2.2% growth of 2013 […]
Seifsa voices concern over additional business taxes
Seifsa CEO Kaizer Nyatsumba said the struggling South African business community – especially the companies in the metals and engineering […]
South African business welcomes SONA
The South African Chamber of Commerce and Industry (Sacci) has welcomed the positive tone of the State of Nation Address […]
Power woes drop SA’s 2015 growth outlook to 1.6%
HSBC Securities has cut its growth outlook for South Africa for 2015 and 2016 because of the country’s “deepening and […]
SA’s ocean economy expected to contribute R20bn to GDP
Government will implement ocean economy projects which are expected to contribute more than R20 billion to the Gross Domestic Product […]
R1bn to build, improve township economies
The Gauteng government will invest more than R1 billion to build and improve infrastructure for township economies in the next […]
China to help Zimbabwe build special economic zones
China will help Zimbabwe build special economic zones and industrial parks to jump-start exports and a struggling economy, its ambassador […]
Africa-US Summit ‘a success’
African leaders and the United States have agreed to work together to build stronger trade ties between the two continents, […]
SA, Botswana sign regional integration, economic growth MoU
South Africa and Botswana have signed a Memorandum of Agreement (MoA) that will see the two countries improve cooperation to […]
Broad consensus reached on new Brics bank
The five Brics nations have reached a broad consensus on their $100-billion development bank though some differences remain, a senior […]
South Africa: Collective bargaining in construction sector to be established
Public Works Minister Thulas Nxesi on Thursday said he would initiate a forum through which organised labour could meet with […]
Tracking the African future
Listen to Daniel Silke’s presentation about the interest and unique window of opportunity that Africa presents us. We are at […]
FNB BER construction confidence index slips
A week after reporting a drop in confidence in South Africa’s building industry, the First National Bank Bureau for Economic […]
South Africa braces for more strike action
More than 220 000 National Union of Metalworkers of South Africa (Numsa) members would embark on indefinite industrial action in […]
Ghana’s Kotoka International Airport expansion project starts
The Ghana Airport Company Limited (GACL) has commenced work on terminal two arrival hall expansion project at the Kotoka International […]
Senegal balancing development and environmental protection
While the cement factories in Senegal are at war, ostensibly over the environmental impact one company will have on this […]
Canada relaunches JHB trade office
As part of a renewed strategy to intensify trade relations with the continent and further strengthen its export-led economy, Canada […]
China invited to take stakes in UK infrastructure projects
The UK government has opened the way for massive Chinese investment in major infrastructure projects after signing a series of […]
SA mine strike prevents GDP growing 1.6%
South Africa’s economy would have grown 1.6% in the first quarter of this year if the direct and indirect effects […]
Fleets pay with tolls 30% up, fuel prices 73% higher
A company with a 3 000-strong fleet of vehicles, based mainly in Gauteng, this year paid between R400 000 and […]
Pan African engineering body needed
The Federation of African Engineering Organisations (FAEO) is seeking to create an African Council of Engineering under the auspices of […]
Central African bloc to grow by up to 5.5%
Economic growth in the six-nation Central African CEMAC bloc is set to double to between 5 and 5.5% this year […]
Africa’s risk a perception
A high perception of risk is one of the major challenges for infrastructure investment in African countries, and much focus […]
Growth, not cheap labour, puts Asia ahead of SA, Latin America
The economic success of Asian countries is not due to cheap labour. “It’s not just low wages,” Cambridge University economics […]
Africa’s average economic growth 4.8% in 2014
Growth in African economies is set to accelerate to 4.8% on average this year while financial flows into the continent […]
Thuli Madonsela’s message to engineers
Thuli Madonsela, Public Protector of South Africa is making headlines across the world following her revelations of South Africa’s President […]
What does Nigeria’s new GDP mean?
Much has been said about the recent news that Nigeria has overtaken South Africa as Africa’s largest economy. With a […]
SA construction industry remains under pressure
South Africa’s construction industry is not out of the woods yet, despite data pointing to an upward trend. Construction confidence […]
Prognosis for world economic recovery ‘dismal’
Columbia University’s Professor Joseph Stiglitz provided a sobering picture of the state of the world economy during a presentation at […]
Outlook for construction sector ‘may be improving’
There was an 8.8% year-on-year (y/y) rise in cement sales volume in the third quarter of last year along with […]
Power, steel, cement suggest China’s economy not so buoyant
The big debate about how fast China’s economy will grow this year can find some answers in the real world, […]
Sustaining consulting engineering key to growing economy
Consulting Engineers South Africa says unintended consequences of competitive bidding for consulting engineering services are fewer innovation and training opportunities […]
Wits appeals for intensified construction industry, academia alliance
Fundamental to the evolution and development of South Africa’s engineering and construction industry is the ability of the industry and […]
Power, labour pose risks to realising weak-rand benefits in 2014
The weaker rand should be supportive of a reduction in South Africa’s current account deficit over the medium-term, but Standard […]
Construction boom could shed Eastern Cape’s ‘Cinderella’ status in 2014
An anticipated construction boom in the Eastern Cape could boost the province’s economic contribution to South Africa, the provincial Department […]
Sub-Saharan Africa continues to defy weak global economy
The international financial crisis has scarcely affected sub-Saharan Africa, with the region still having a 6% growth forecast for 2014, […]
Brics to face internal economic headwinds in 2014
The seemingly tough year experienced by the Brazil, Russia, India, China and South Africa (Brics) economic grouping during 2013 was […]
African growth prospects remain ‘robust’, 4.7% growth expected in 2014
Africa’s economic growth prospects remain “relatively robust” and are expected to be supported by improvements in the global economic and […]
Institutional reform’ ‘critical in denting SA unemployment’
While the economic recession of 2008 exacerbated the issue of “high and sticky” unemployment in South Africa, Plus Economics Advisory […]
