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A New Development Bank logo Brics development bank aims to make $5bn in loans in 2024
Published: 26 Mar 24
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 epidemic, our business has been somewhat affected, and now everything is going back on track," Zhou told Reuters on the sidelines of the annual Boao Forum.
Forestry, Fisheries and the Environment Minister Barbara Creecy Creecy stresses importance of protecting the environment while growing the biodiversity economy Has Video
Published: 25 Mar 24
Amid increasing emphasis on sustainability, this year’s inaugural Biodiversity Economy and Investment Indaba emphasises the importance of growing the South African biodiversity economy under the theme of ‘Collective Action for Thriving People and Nature.’ Cabinet recently noted the review of the National Biodiversity Economy Strategy (NBES), which was at the centre of discussions at the indaba.
Infrastructure procurement in focus at consulting engineering conference
Published: 25 Mar 24
During industry organisation Consulting Engineers South Africa's (Cesa's) recent Infrastructure Indaba, procurement of goods and services emerged as a critical theme of discussion, underscoring the pivotal role procurement plays in delivering affordable and quality public infrastructure. Participants and speakers emphasised the importance of achieving value for money through efficient risk transfer and pricing strategies and highlighting the need for strategic alignment between societal needs, economic imperatives and procurement practices, the organisation says in a post-event media statement.
Johannesburg executive mayor Kabelo Gwamanda Joburg’s climate action plan to create more than 400 000 jobs – Gwamanda
Published: 25 Mar 24
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 strategies could create an additional 77 000 jobs, Johannesburg executive mayor Kabelo Gwamanda has said. He said these strategies were aimed at improving the lives of the most vulnerable groups, while also creating jobs and providing opportunities to tackle structural challenges.
Image of Cyril Ramaphosa Ramaphosa denies SA’s position on Israeli-Palestine conflict could jeopardise relationship with US
Published: 25 Mar 24
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 unfounded.   South Africa brought a case to the International Court of Justice, where it argued that the actions of the Israeli military in Gaza violated international law and included actions that are prohibited under the Genocide Convention, to which South Africa, Israel and many other countries are signatories. 
The newly discovered bullfrog species New African bullfrog species discovered – the largest discovered in 100 years
Published: 25 Mar 24
North-West University (NWU) Professor Louis du Preez and his team of researchers have discovered a new species of African bullfrog, Pyxicephalus beytelli, which is the fourth species of bullfrog identified in Southern Africa. The species occurs in parts of northeastern Namibia, southern Angola, southwestern Zambia and northwestern Botswana.
Image of GAC SA MD Leslie Ramsoomar GAC Motor joins inflow from China; Ramsoomar appointed as MD
Published: 25 Mar 24
China’s GAC Motor has appointed Salvador Caetano Auto as the distributor and retailer of GAC vehicles, spare parts and related services in South Africa (SA). GAC Motor is a subsidiary of the State-owned GAC Group, and was founded in 1997. The brand joins a rapidly growing number of Chinese vehicles on sale in South Africa.
Stats SA has overestimated agriculture’s GDP decline last year, says think tank
Published: 25 Mar 24
Independent think tank, the Bureau for Food and Agricultural Policy (BFAP), believes that the year-on-year (y-o-y) decline in the country’s agricultural sector gross domestic product (GDP) last year, as reported by Statistics South Africa (Stats SA), is seriously in error. BFAP analysed the available data in its latest brief report, “Perspectives on Agricultural Performance in Q4 of 2023”. Stats SA reported that the sector saw a drop in GDP of 12.2%, while BFAP’s analysis indicates that it was less than half, perhaps even only one sixth, of this. (South Africa’s total GDP grew by 0.6% in real terms, last year, according to Stats SA.)
Electricity Minister Kgosientsho Ramokgopa Eskom board considers enlarging and extending Standard Offer Programme
Published: 25 Mar 24
Electricity Minister Kgosientsho Ramokgopa reports that the Eskom board is considering lifting the current 1 000 MW allocation set aside for its Standard Offer Programme to 4 000 MW and extending the scheme beyond its initial three-year time horizon. Through the Standard Offer Programme Eskom can buy power from existing producers, mostly industrial groups, at a set price calculated based on the avoided cost of its own generation, including long-term purchases from independent power producers.
The Nexus 1 building Attacq's Nexus 1 building achieves EDGE, Green Star certification
Published: 25 Mar 24
Real estate investment trust Attacq's Nexus 1 building, in Waterfall City, which also serves as its headquarters, has received Excellence in Design for Greater Efficiencies (EDGE) certification. Nexus 1 has become the first Green Building Council of South Africa (GBCSA) Green Star-certified building in South Africa to also attain EDGE certification.
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