| WANTED: 278 TRAFFIC COPS TO REIN IN KZN'S COWBOYS |
The KZN Department of Transport has launched a strategic recruitment drive to strengthen its Road Traffic Inspectorate (RTI), aiming to reduce accidents and fatalities on provincial roads. Transport MEC Siboniso Duma confirmed 278 new officers will be appointed, including senior and trainee inspectors, under the Zero Tolerance – No Nonsense Alufakwa campaign targeting reckless and drunk driving.
Over 160 motorists were arrested in August alone, including law enforcement officials. The department is finally embracing visible policing and law enforcement, acknowledging the crucial role of committed RTI officers in curbing road-related deaths. Collaboration with the Justice, Crime Prevention and Security Cluster ensures accountability and road safety for all, he said. Applications can be submitted online here or to the Department’s Pietermaritzburg offices at Inkosi Mhlabunzima Maphumulo House, 172 Burger Street. |
| TAKING CLASSROOM LESSONS TO THE WORLD OF WORK |
The 3rd-year BComm trio of (ltr) Luke Smith, Ammaarah Ahmed and Reagan Ciaran Kaulasar won the simulation challenge.
Aspiring entrepreneurs from The IIE Varsity College Pietermaritzburg showcased their business acumen at the recent three-day Business Simulation Challenge, facilitated by Diversity SA. Third-year Bachelor of Commerce students Luke Smith, Ammaarah Ahmed, and Reagan Ciaran Kaulasar, competing as Team Ignite, emerged victorious. Participants took over simulated manufacturing companies, tasked with boosting profitability through strategic decisions. The winning team achieved the highest profit, earning Volcano smartwatches and Lindt chocolates. Smith highlighted the challenge’s real-world impact, saying it taught adaptability, strategy, and teamwork under pressure - skills directly transferable to real business environments. The initiative linked classroom theory with practical entrepreneurial experience.
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| END OF WINDOWS 10 SUPPORT: A THREAT OR HULLABAHOO? |
1971: World Council of Churches representatives barred from entering South Africa.
Elsewhere, in 1961, UN secretary general Dag Hammarskjold was killed with 12 passengers when their plane crashed in Zambia. |
INFLATION SURPRISE RAISES (FAINT) HOPES OF RATES REPRIEVE
Inflation unexpectedly eased in August, lifting hopes of an interest rate cut. However, economists still expect the Reserve Bank to hold for now. Consumer prices slowed to 3.3% from 3.5% in July, with food inflation moderating to 5.2% on strong harvests. Lower transport costs, flat housing expenses, and steady services inflation helped. Inflation expectations fell to record lows, with five-year forecasts down to 4.2%, strengthening the case for easing.
However, risks remain, with base effects likely to push inflation higher later this year. Core inflation stayed near target at 3.1%, supporting stability. Analysts say while today's MPC meeting is expected to keep rates unchanged, the probability of cuts has risen. (SOURCE: BDLive)
See below: Fed cuts US interest rates 0.25%, more to come. |
MANUFACTURER CONFIDENCE BUCKLES UNDER TARIFFS, COSTS
South African manufacturer confidence fell to 23 in Q3 2025, its lowest since early 2024, reflecting pressure from US tariffs, supply chain shifts, geopolitical tensions, rising electricity costs, and competition from imports. While consumer and capital goods producers - especially in transport, food, and furniture - saw gains in sales and production, intermediate goods manufacturers, including metals inputs, reported declining sentiment. Encouragingly, domestic and export sales improved, production rose, and some firms invested in renewable energy and efficiency measures. Analysts warn sustained growth depends on cost pass-through, market diversification, and domestic demand. The survey signals resilience amid persistent risks in global and local manufacturing. (SOURCE: Engineering News) |
... AS CONSTRUCTION REBOUNDS WITH 6.8% QUARTERLY GROWTH
The Afrimat Construction Index (ACI) showed a strong rebound in Q2 2025, rising 6.8% quarter-on-quarter- more than twice GDP growth. The value of buildings completed soared 21.7%, while building material sales and production volumes grew by 13% and 10%, respectively (Afrimat). Analysts say the uptick was largely from a low Q1 base and marginally lower prime overdraft rates. Although year-on-year performance remains negative, hopes are rising for further improvement, underpinned by increased home loan applications and weakening borrowing costs. With signs of residential recovery and infrastructure rebuilding, the construction sector appears poised for stronger momentum ahead (Afrimat). |
SA ECONOMY ON THE BACKFOOT IN SUB-SAHARA, SAYS MOODY'S
Moody’s forecasts South Africa’s economy will expand by less than 1.5% annually over the next two years, far below Sub-Saharan Africa’s 4.7% average. Weak demand from China, global headwinds, and domestic instability are expected to weigh heavily on growth, with only Botswana and Gabon also lagging below 3%. While regional fundamentals remain broadly stable, Moody’s warns SA’s coalition politics, high borrowing costs, and fiscal pressures could further undermine progress. In contrast, countries like Rwanda, Ethiopia, and Senegal are expected to achieve growth of 6% or more, driven by robust domestic demand and large-scale infrastructure investments. (SOURCE: BDLive) |
RECORD 7.3GW ROOFTOP SOLAR BEATS TOTAL IPP FEED
South Africa’s rooftop solar PV installations have surged past 7.3GW, exceeding the total contracted capacity of renewable energy independent power producers feeding Eskom. The growth, driven largely by commercial properties such as shopping centres, offices, and warehouses, represents a 215% increase since 2022. Gauteng accounts for 30% of capacity, with KZN and Western Cape comprising much of the remainder. While residential systems contribute modestly, large-scale rooftop solar now rivals generation from major coal plants like Medupi. This rapid expansion creates challenges for Eskom, which must balance midday solar peaks with coal generation, and may require 50% more rooftop PV by 2030, increasing grid flexibility needs. (SOURCE: Moneyweb) |
TAP-AND-GO COMING TO ALL TOLL GATES IN 2025
By the end of 2025, nearly all South African toll gates will support tap-and-go payments, offering motorists faster, cash-free transactions. SANRAL will begin phased testing at its 30 self-managed plazas on major routes including the N1, N2, N3, N4, and N17. Concessions like N3TC, N4TRAC, and Bakwena are also rolling out the system, supporting cards and digital wallets such as Apple, Google, Samsung, and Garmin Wallets. The upgrade enhances convenience, security, and speed, allowing real-time payments while excluding only certain cards like American Express and Diners. Motorists will soon enjoy a seamless, fully digital tolling experience nationwide. (SOURCE: Auto News) |
ORION CLINCHES GLENCORE DEAL TO KICKSTART PRODUCTION
Orion Minerals’ subsidiary, Prieska Copper Zinc Mine (PCZM), has signing a non-binding term sheet with Glencore’s subsidiary for $200 m–$250m in financing and concentrate offtake. The deal positions Prieska to transition from development to production, marking a pivotal milestone for the project. Investors reacted strongly, sending Orion’s JSE-listed shares up nearly 20% to 24c at close yesterday. The agreement underscores renewed confidence in Orion’s long-term growth prospects while highlighting Glencore’s continued appetite for strategic partnerships in Africa’s mining sector. (SOURCE: BDLive) |
MOMENTUM STRATEGY PAYS OFF ON RECORD 46% GROWTH
Momentum Group posted record results for the year to June, with normalised headline earnings up 41% to R6.26 billion and earnings per share climbing 46% to 451c. The strong performance highlights the success of its diversified portfolio and disciplined execution of its Impact strategy. Momentum said the results demonstrate resilience and growth momentum, positioning the group to deliver sustainable returns to shareholders despite a challenging financial services environment. (SOURCE: SENS) |
METROFILE TO PASS INTO US HANDS FOR R1.4 BILLION
Metrofile has agreed to a R1.4 billion acquisition by US-based Mango Holding Corp, paving the way for its delisting from the JSE. Shareholders will receive R3.25 per share in cash, a premium on recent trade prices. The investor group includes WndrCo LLC, James Simmons and high-net-worth individuals. Metrofile said the deal will accelerate its digital transformation and growth, while giving US investors a platform to expand into Africa and the Middle East using its established footprint. The transaction offers shareholders significant value and improved access to expertise. (SOURCE: Moneyweb)
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DBSA, ECOBANK, RMB BACK UGANDA R4.7 BILLION BUDGET LOAN
The Development Bank of Southern Africa (DBSA), Ecobank, and Rand Merchant Bank (RMB) have closed a €230-million (R4.7 billion) loan facility for Uganda’s 2024/25 infrastructure and development budget. DBSA contributed €100 million, with Ecobank and RMB providing €130 million. Funds will support critical sectors including education, healthcare, power, transport, and water and sanitation, addressing challenges such as rural electrification, where only 35% of households have access. DBSA hailed the deal as its first major East African syndication. Uganda’s facility aligns with its 2025/26–2029/30 infrastructure plan and supports UN Sustainable Development Goals, unlocking transformative investments to drive long-term growth and social progress. (SOURCE: Engineering News) |
NISSAN LOOKS TO CHINA TO HELP SAVE R60 BILLION
Nissan is adopting lessons from Chinese suppliers as part of its global turnaround plan to cut costs by ¥500bn (about R60 bilion) by March 2027. The Japanese carmaker aims to save ¥250bn in variable costs through standardised parts and tighter collaboration with designers, while maintaining its supplier base. The plan includes cutting 20 000 jobs, closing seven plants, and consolidating design centres into five global hubs. Executives say the changes will strengthen international competitiveness, with effects expected by year-end. Nissan’s broader “Re:Nissan” strategy seeks to restore profitability through efficiency and streamlined operations. (SOURCE: Reuters) |
US FED CUTS INTEREST RATES 0.25%, MORE TO COME
The US Federal Reserve cut rates by 25 basis points to 4%-4.25%, its first move since December, citing labour market weakness and rising unemployment risks. Chair Jerome Powell said slowing job creation and fragile hiring drove the decision, with two further cuts expected this year. Officials now view inflation pressures as manageable, shifting focus toward supporting growth and employment. While inflation remains above target at 3%, forecasts show gradual easing. Powell stressed that stabilising the job market is the Fed’s priority. (SOURCE: Reuters)
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ACCELERATING OIL, GAS DECLINE SPELLS ENERGY TROUBLE
The International Energy Agency (IEA) has warned that natural decline rates in global oil and gas fields are accelerating, driven by heavier reliance on shale and deep offshore production. Nearly 90% of annual upstream investment now goes toward offsetting falling output, leaving little for meeting new demand. Without continued investment, the world risks losing the equivalent of Brazil and Norway’s combined production annually, threatening energy security. Global decline rates stand at 5.6% for conventional oil and 6.8% for gas. The IEA stresses that accelerating declines are the “elephant in the room” for global energy planning. (SOURCE: Reuters) |
BITCOIN IN LEGITIMACY BATTLE WITH ALTCOIN RIVALS
A fierce battle is unfolding between Bitcoin maximalists and altcoin advocates as corporations pour billions of Dollars into digital asset treasuries. Bitcoin purists argue its hard cap and “digital gold” status make it the only legitimate reserve asset, while altcoin challengers tout Ethereum and Solana for yield, diversification, and innovation. Pantera Capital’s $500 million (about R8.7 billion) Solana-backed fund underscores rising institutional interest, even as volatility pressures both camps. Bitcoin treasuries still dominate at $116 billion, but over $16 billion in Ether has been accumulated. The debate now pits stability against returns, with corporate balance sheets carrying real financial and reputational stakes. (SOURCE: Bloomberg) |
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COFFEE CONVERSATIONS
The forum for various professionals, managers and business owners to discuss and address current situations for woman in the workplace.
PRESENTERS: Shannon Lawrence & Aneleh De Villiers – Attorneys at Redfern Incorporated Attorneys.
OVERVIEW
Join us for an insightful Coffee Conversation where we will explore relevant topics and challenges that women face in the workplace. This interactive forum aims to stimulate forward thinking among HR managers, professionals, business owners, and industry experts and gives everyone the opportunity to engage in meaningful discussions on workplace dynamics, legal perspectives, and the best practices for fostering an inclusive working environment.
TOPICS THAT WILL BE DISCUSSED:
1. Sharing experiences
2. Workplace Equity & Inclusion
3. Career Growth & Leadership
4. Work-Life Balance & Mental Health
5. The Role of HR & Business Leaders
6. Questions and Answers
NB: Should you wish to raise a matter at the forum, please email Heidi Jadoo – pmcb@pmcb.org.za to add to the meeting agenda.
WHO SHOULD ATTEND?
1. HR Managers / HR Personnel
2. Business Managers and Owners
3. Small Business Owners
4. Women in Leadership Roles
5. Legal & Compliance Professionals
Date: 25 September 2025
Time: 08:00 – 09:00
Venue: PMCB Offices, Parkhaven, 55 Macleroy Road, Northern Park, Pietermaritzburg
COST (includes VAT) PMCB Members: Free Non-members: R50 (incl. vat) |
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But change must always be balanced with some degree of consistency.
Ron D. Burton |
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| Dollar | R17.45 | + 0.35% | | Pound | R23.72
| - 0.22% | | Euro | R20.58
| - 0.20% | | Yen | 0.118489 |
| | Yuan | R2.45 | - 0.25% | | Bitcoin | R 117 286.11 | + 1.06% |
These rates are correct at time of going to press. | | Platinum | $ 1 374.50
| + 0.73% | | Gold | $ 3 655.69
| - 0.11% | | Oil | $ 67.66
| - 0.35% | | All Share | 105 368.45
| + 0.46% | | Repo | 7.00 | | | Prime | 10.50 | |
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