South Africa’s incessant logistics and energy insecurity present fundamental challenges to a planned transition to producing electric vehicles, and must be addressed, the country’s trade and industry minister said. “We…
Category: South Africa
Boost for electric cars in South Africa
Trade, Industry and Competition Minister Ebrahim Patel has published a White Paper that outlines a comprehensive electric vehicle (EV) roadmap for South Africa and the structure of a suite of…
Yet another twist for South Africa’s new pension system
The standing committee on Finance has once again changed the implementation date of the two-pot retirement system. In the new retirement system, up to one-third of all retirement savings will…
The Climate Gender Equity Fund will award grants to three organizations supporting women-led climate solutions in Africa
A year after launching the Climate Gender Equity Fund (CGEF)—a public-private partnership focused on catalyzing gender equity in climate finance—Amazon and the U.S. Agency for International Development (USAID), along with…
Warning over new smoking laws for South Africa
Gauteng residents are divided on the hotly contested draft Control of Tobacco Products and Electronic Delivery Systems Bill, with businesses warning that implementing the new laws will have negative consequences for…
Offshore investors net sellers of South African stocks
Offshore investors sold a net 6.30 billion rand ($336.91 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Settlement data on bonds showed…
Glimmers of hope for businesses in South Africa
Despite a logistics crisis at South Africa’s ports, manufacturers can expect improved prices after a challenging 2023. The latest Absa Purchasing Managers’ Index (PMI) climbed by 2.8 index points to…
The risks to South Africa’s economy going into 2024
General elections due in 2024 are among the key risks facing South Africa’s economy, said Reserve Bank Governor Lesetja Kganyago. Politicians adopting a populist tone ahead of the presidential and…
Automotive industry in trouble: Ford SA warns South Africa to get its house in order or face the consequences
FORD South Africa president Neale Hill has sounded another warning to the government to get its house in order before the vehicle manufacturing industry faces total collapse. “It’s not about…