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  • SAWEA appoints new chairperson 23rd Feb 2024
    The South Africa Wind Energy Association (SAWEA) has elected three new board members – Lena Chirwa, Lance Blaine and Nontokozo Nkozi, who will serve as treasurer – for the 2024 financial year. Existing board members Titania Zincke, Jose Rodrigues and Niveshen Govender will continue in their respective roles, while Sunette Smith has been appointed chairperson.
  • Budget shows an economy treading water, not collapsing – Jammine 23rd Feb 2024
    Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to make one optimistic about South Africa’s economic future either. “The Budget does provide some relief for markets in the sense that it was not reckless. It […]
  • Global unrest fuelling shipping costs, consumers to feel it within a year – Unctad 23rd Feb 2024
    The United Nations Conference on Trade and Development (Unctad) estimates that transits passing through the Suez Canal have decreased by 42% compared with its peak, owing to attacks on Red Sea shipping lanes. With major players in the shipping industry temporarily suspending Suez transits, weekly container ship transits have fallen by 67%, and container-carrying capacity, […]
  • Another 124 power plants registered with Nersa raising total to 1 087 since 2018 23rd Feb 2024
    The National Energy Regulator of South Africa (Nersa) reports that a further 124 generation facilities were registered during the third quarter of its financial year from October to December, increasing the number of facilities registered since 2018 to 1 087. The newly registered generators have a combined capacity of 605 MW and a collective investment value […]
  • Treasury backs Central Bank inflation target review 23rd Feb 2024
    National Treasury said there’s a case to be made for the central bank’s inflation target to be reviewed to improve competitiveness and given the adverse impact price growth has on the poor. The central bank, whose current target band is 3% to 6% with a preference for inflation to be anchored at the midpoint, has […]
  • Treasury publishes much anticipated PPP legislative amendments for public comment 23rd Feb 2024
    National Treasury has proposed key amendments to municipal legislation and National Treasury Regulation 16 (NTR 16) following a review of the Public-Private Partnerships (PPPs) Framework, which is now open for public comment until March 23. This is in line with the announcement made by Finance Minister Enoch Godongwana in the 2023 Medium-Term Budget Policy Statement that […]
  • Eskom eschews $2.5bn of cheap loans as climate pact flounders 23rd Feb 2024
    South Africa’s State power utility has failed to tap $2.5-billion of cheap loans to build critical transmission infrastructure that would help end the country’s crippling energy crisis. That’s brought a landmark climate finance agreement — the Just Energy Transition Partnership — to a virtual halt, and extends the country’s reliance on coal plants. Finance ministry […]
  • Premium car market outlook murky as South Africans continue to hunt for Asian bargains 22nd Feb 2024
    The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs, fuel prices and new-vehicle price tags are all high, driven by not only international turmoil, but also poor management of the domestic economy, especially in terms […]