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Unemployment rate worsens to 32.9%
Published: 14 May 24
South Africa’s official unemployment rate has widened by 0.8 of a percentage point to 32.9% in the first quarter of the year, compared with 32.1% in the fourth quarter of last year. The number of employed people in South Africa increased by 22 000 to 16.7-million, but the number of unemployed people increased by 330 000 to 8.2-million, Statistics South Africa (Stats SA) reports.
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dtic seeks to create a competitive medical technology industry with new master plan
Published: 14 May 24
Trade, Industry and Competition Minister Ebrahim Patel has launched the Medical Technology (MedTech) Master Plan, which is aimed at creating a proficient and competitive medical technology industry over the next three years that will supply domestic and international markets. “The medical technologies sector offers a unique and significant opportunity for growth in South Africa. The sector has emerged as an increasingly innovative sector, developing technologies that can service both our local market and abroad.
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Concerns heighten as Ramaphosa readies to sign NHI Bill into law
Published: 14 May 24
Business and political parties have expressed disappointment with President Cyril Ramphosa’s announcement that he will, on Wednesday, sign into law the controversial National Health Insurance (NHI) Bill. On Monday, Ramaphosa announced that he would publicly sign the Bill, which government hoped to use to achieve universal coverage for health services and, through this, overcome socioeconomic imbalances and past inequities.
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Concerns heighten as Ramaphosa readies to sign NHI Bill into law
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Pathology services seek to expedite identification as George building collapse death toll reaches 32
Published: 14 May 24
Forensic Pathology Services (FPS) and the South African Police Service are planning to expedite the identification of persons killed in a building collapse in George, in the Western Cape, with only six of the 32 deceased persons identified thus far. Eighty-one people were working on site on the partially built building when it collapsed on May 6.
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Pathology services seek to expedite identification as George building collapse death toll reaches 32
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MTN Q1 performance muted on ongoing macroenvironment challenges
Published: 14 May 24
JSE-listed MTN on Tuesday posted a dip in service revenue and earnings during the first quarter of the year, amid ongoing high inflation and local currency devaluations in some of its key markets. The group reported a 28.7% contraction in earnings before interest, taxes, depreciation and amortisation (Ebitda) from R24.27-billion in the first quarter of 2023 to R17.3-billion in the first quarter of 2024.
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MTN Q1 performance muted on ongoing macroenvironment challenges
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EWSETA, partners to advance women in electrical, renewable energy fields in Limpopo
Published: 13 May 24
The Energy and Water Sector Education and Training Authority (EWSETA), the US Agency for International Development (USAID) – in support of Power Africa, a US government-led partnership – and the United Nations Development Programme (UNDP) South Africa, launched Phase 2 of the Just Energy Transition (JET) Technical Training for Women in Electrical and Renewable Energy Programme, in Limpopo, on May 10. Women electricians and artisans in Limpopo will receive specialised technical training at seven technical and vocational education and training (TVET) colleges in the province.
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UJ becomes Project Management Institute’s first academic partner
Published: 13 May 24
The Project Management Institute (PMI) has announced the addition of the University of Johannesburg (UJ) to its list of authorised training partners (ATP). With this, UJ becomes PMI’s first academic ATP in South Africa to offer PMI Construction Professional (PMI-CP) certification training.
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Weekend’s geomagnetic storm was the strongest to hit South Africa in over 20 years
Published: 13 May 24
The solar storm which hit Earth on Friday and Saturday was the most severe to affect South and Southern Africa in 21 years, the South African National Space Agency (SANSA) has reported. The SANSA Space Weather Centre, located at the SANSA Space Science facility in Hermanus, in the Western Cape, issued a G5 geomagnetic storm warning, as well as several G4 warnings, over the period of the event. G5 is the highest rating on the international scale, and signals an extreme storm. It was the first ...
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Calgro M3 issues maiden dividend, posts robust results
Published: 13 May 24
Residential-focused property developer Calgro M3 has issued a maiden dividend of 9.49c a share after posting a record gross profit margin of 27.25% for the financial year ended February 29, and profit after tax increased to R196.8-million, up from R186.29-million in the preceding financial year. The company also published a dividend policy that will see it pay yearly dividends to a minimum of 5% of headline earnings a share. The total dividend payable is R10.86-million for the financial year under review.
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Poultry association calls for vaccination to prevent H7N6 avian influenza outbreak
Published: 13 May 24
The South African poultry industry is calling for immediate intervention to avert an outbreak of the H7N6 strain of highly pathogenic avian influenza (HPAI) that it is grappling with, following a year of significant losses, including the culling of 9.5-million birds. While traditionally reliant on a stamping out policy, the industry acknowledges the inefficiency of this approach against the H7N6 strain, industry organisation the South African Poultry Association (SAPA) said.
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Akkuyu nuclear power plant project, Türkiye – update
Published: 10 May 24
AMSA renewable-energy project, South Africa – update
Published: 10 May 24
Spherical Tokamak for Energy Production, UK – update
Published: 10 May 24
The Australian government on Tuesday announced a A$22.7-billion package to boost domestic manufacturing and renewable energy as the country seeks...
SolGold advances financing for Cascabel, secures $10m loan
Published: 14 May 24
LSE- and TSX-listed SolGold said on Tuesday that it was making significant strides in securing financing for its Cascabel project, in Ecuador, with...
