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Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Supply-side support will be required if South Africa aims to join green industrialisation race
Updated 7 hours ago 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 (TIPS) senior economist Gaylor Montmasson-Clair... 


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SABS publishes voluntary national standard for plain language
30th May 2024 By: Tasneem Bulbulia

The South African Bureau of Standards (SABS) in March adopted and published the South African National Standard (SANS) 24495 – Plain Language. South Africa has been implementing the principles of... 


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... 


Agricultural activity
ARC stresses need for farmers’ access to finance, insurance in light of growing climate risk
30th May 2024 By: Marleny Arnoldi

With the agriculture sector’s 33-million smallholder farmers contributing 70% of Africa’s food supply, it is pertinent that more innovative financing mechanisms are created as the continent... 


Global air cargo demand continued strong growth in April
30th May 2024 By: Rebecca Campbell

The International Air Transport Association (IATA), which is the global representative body of the airline industry, has reported that global total air cargo demand continued to grow strongly in... 


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... 


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Sibanye-Stillwater secures fourth power purchase agreement.
Sibanye clinches yet another renewable energy purchase agreement
Updated 7 hours ago By: Martin Creamer

Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an... 


Ivory stockpiles
Southern African States make fresh pitch to trade $1bn ivory stockpile
30th May 2024 By: Reuters

Southern African countries hosting the largest elephant populations in the world made a fresh pitch on Wednesday to be allowed to sell their $1 billion ivory stockpiles, amid calls to pull out of... 


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.... 


Wilmar opens operational phase 1 of large edible oils refinery in Richards Bay IDZ
Wilmar opens operational phase 1 of large edible oils refinery in Richards Bay IDZ
30th May 2024

Multinational agribusiness Wilmar Processing has completed the operational phase 1 of its edible oils refinery in Richards Bay. Schalk Burger has the story. 


The Dangote oil refinery
Nigeria's Dangote refinery plans London and Lagos listings by end 2024
28th May 2024 By: Reuters

Nigeria's Dangote refinery is aiming for a dual listing on the London and Lagos bourses by the end of this year, a senior executive said on Tuesday. "We have listed all our businesses," Devakumar... 


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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... 


Nature-based solutions could accelerate development, social equity – ECA
28th May 2024 By: Sabrina Jardim

Nature-based solutions present a unique way for Africa to accelerate the implementation of the Sustainable Development Goals and Agenda 2063, while contributing to the conservation of the... 


Sovereign engineering manager Stephan Oosthuizen
Sovereign reaffirms commitment to CaaS with Energy Partners
28th May 2024 By: Sabrina Jardim

Building on the successful partnership at its further processing facility in Kariega, in the Eastern Cape, poultry producer Sovereign Foods has again entered into a 15-year Cooling-as-a-Service... 


Global aviation IT specialist enters the maritime sector
28th May 2024 By: Rebecca Campbell

Global air transport IT solutions group SITA announced on Tuesday that it was expanding into the maritime sector, with the launch of its new subsidiary company, SmartSea. It also announced that... 


A chick on a poultry farm
Bird flu vaccines for laying hens prove effective in practice
28th May 2024 By: Reuters

Bird flu vaccines for laying hens are effective in practice, the Dutch government said on Tuesday, while confirming plans to vaccinate poultry against the virus that ravaged flocks around the world... 


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Magazine round up | 24 May 2024
Magazine round up | 24 May 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Lion Alcoblow ® - High speed breathalyser

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