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Morgan Stanley sees fiscal gains easing South Africa junk rating
28th October 2024 South Africa’s improving economic prospects after years of lackluster growth will result in better fiscal metrics and may soon lead to an upgrade... →
South Africa in talks with energy partners on loan guarantees
25th October 2024 South Africa is in talks with its international climate-finance partners over the provision of guarantees for loans for the construction of... →
UN says world is now on course for warming of up to 3.1 °C
25th October 2024 A chronic lack of ambition and climate action by countries across the world over the past three years means the goal to keep global warming below... →
Kganyago says South Africa’s inflation target should be lower
24th October 2024 South African Reserve Bank Governor Lesetja Kganyago said the nation’s inflation target was overdue for review and it should be adjusted lower.... →
African markets expand at fastest pace since 2017, Absa finds
24th October 2024 Africa’s financial markets are expanding at the fastest pace in seven years, as the continent benefits from a recovery in economic growth and... →
Modi says Brics must avoid being an anti-west group as it grows
24th October 2024 India’s Prime Minister Narendra Modi said Brics shouldn’t project itself as an alternative to global organisations, even as founding members like... →
‘Rogue’ ANC members imperil South Africa alliance – Schreiber
23rd October 2024 South Africa’s business-friendly ruling coalition risks being disrupted by political infighting in the country’s economic heartland, said a cabinet... →
Putin says Brics summit shows a ‘multipolar world’ is emerging
23rd October 2024 Russian President Vladimir Putin said the newly expanded Brics group showed that a “multipolar world” is being created, in a challenge to the... →
South Africa inflation seen edging below 4% fuels rate cut bets
23rd October 2024 South Africa’s inflation rate is expected to fall below 4% for the first time in more than three years in September, sealing the case for borrowing... →
Taiwan rejects South Africa's demand to move office from Pretoria
22nd October 2024 Taiwan said it will not move its representative office from Pretoria, South Africa’s administrative capital, after accusing Beijing of pressuring... →
South Africa is still tapping oil stockpile to fund fuel subsidy
22nd October 2024 South Africa is still selling oil from strategic stockpiles to fund measures introduced two years ago to cushion consumers from a spike in road... →
Russia hosts Brics leaders, signalling Putin is far from isolated
22nd October 2024 Russian President Vladimir Putin will play host to Russia’s biggest gathering of world leaders since the invasion of Ukraine and use the Brics... →
JPMorgan expects South Africa IPO surge on economic optimism
21st October 2024 South Africa is poised for a surge in initial public offerings and fund-raising activity as soon as next year, spurred by optimism that the... →
Biggest companies to help resolve South African water crisis
18th October 2024 South Africa’s biggest companies are exploring widening a partnership with the government to help resolve a water crisis that’s threatening to... →
Taiwan says China urged South Africa to order key office moved
18th October 2024 South Africa has told Taiwan to move its de facto embassy out of its administrative capital at the urging of China, according to a Foreign Ministry... →
South Africa, Namibia in talks to resolve discord over key river
16th October 2024 South Africa and Namibia held talks aimed at resolving a long-running disagreement over rights to the Orange river, a key water source that... →
Namibia says it needs up to $1.4bn for water security
16th October 2024 Namibia requires as much as N$25-billion ($1.4-billion) over the next decade to fulfil water-security requirements, its water minister said. The... →
Global public debt to hit $100tr by end of 2024, IMF Says
15th October 2024 Global public debt is set to reach $100-trillion, or 93% of global gross domestic product, by the end of this year, driven by the US and China,... →
South Africa’s rising fuel imports cause supply shortage risk
14th October 2024 South Africa’s rapid switch to become a net importer of fuel creates supply risks requiring infrastructure to store and transport the fuel,... →
Worst southern Africa food crisis risks being forgotten, UN says
11th October 2024 Southern Africa is struggling to get attention from donors for its worst food crisis yet because of disasters elsewhere and multiple conflicts, the... →
South Africa power-line rollout set to spur bond market revival
11th October 2024 A multibillion-dollar plan to expand South Africa’s electricity transmission network could throw a lifeline to the country’s corporate bond market... →
Kganyago sees South African inflation dip creating policy space
10th October 2024 South African Reserve Bank Governor Lesetja Kganyago said inflation could fall below 4% in coming months, creating more room for action after... →
Zambia will own some mining permits after mapping exercise
10th October 2024 Zambia’s government intends to keep ownership of some mining licenCes that are shown to be promising by an ongoing mapping exercise and invite... →
Project dearth slows South Africa’s $9.3bn coal exit plan
9th October 2024 The implementation of a $9.3-billion climate-finance pact between South Africa and some of the world’s richest nations has been slowed by an... →
South Africa publishes visa reforms aimed at attracting skills
9th October 2024 South Africa’s government published a series of reforms of the nation’s work-visa regulations that are aimed at attracting more professionals to... →
France nears disbursement of second climate loan to South Africa
9th October 2024 France is nearing the disbursement of a second loan to South Africa’s Treasury under the Just Energy Transition Partnership programme. “We are in... →
Israel defense chief to head to US as response to Iran looms
8th October 2024 Israel’s defense minister is traveling to Washington soon as the country continues to weigh how to respond to an Iranian missile attack and the US... →
South African antitrust body faults grocers over high food costs
8th October 2024 South African food producers and retailers have been slow to pass on the effects of declining cost pressures to cash-strapped consumers, an issue... →
South Africa plans insurance vehicle for infrastructure projects
4th October 2024 South Africa is launching a credit-guarantee facility to boost private sector involvement in the country’s ambitious infrastructure investment... →
South Africa fires up diesel turbines to keep power cuts at bay
4th October 2024 Eskom has been using diesel-fuelled auxiliary turbines extensively to stave off power cuts in South Africa following delays in restoring some... →
Rich back South African coalition government, SRF survey shows
3rd October 2024 The formation of a business-friendly coalition government in South Africa has won the support of the majority of citizens, with the richest most... →
South African CEOs see ‘green shoots’ as economic mood improves
2nd October 2024 Sentiment about South Africa has improved since the formation of a coalition government but the nation needs to be cautious about complacency,... →
South Africa’s reforms in spotlight as nation woos investors
2nd October 2024 South Africa will need to expedite reforms that can boost economic growth to sustain investor inflows that have flooded in since the formation of a... →
Kenya inflation slows to 12-year low in September on food prices
2nd October 2024 Kenya’s annual inflation eased in September to the slowest pace in almost 12 years, helped by weaker growth in food and energy prices. Consumer... →
South Africa courts UK investors to fund infrastructure plans
1st October 2024 South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private... →
Rwanda confirms 27 cases of Marburg virus disease, nine deaths
1st October 2024 Rwanda has reported nine deaths from its first-ever Marburg virus outbreak and confirmed 18 patients are in isolation, according to its health... →
Israeli troops move into Lebanon, extending fight with Hezbollah
1st October 2024 Israel sent soldiers into southern Lebanon, escalating its weeks-long campaign to degrade the Hezbollah militant group, and raising the risks of a... →
Mashatile sees South Africa's growth accelerating in 2025
30th September 2024 Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new... →
Zimbabwe’s Gold-backed ZiG weakens further after devaluation
30th September 2024 Zimbabwe’s Gold-backed currency weakened further against the dollar on Monday after a 43% devaluation on September 27. The ZiG, short for Zimbabwe... →
Eskom price-hike request promises bond gains and customer strain
26th September 2024 South Africa’s Eskom Holdings is seeking a jumbo electricity price hike, spelling good news for its creditors but pain for customers and possible... →
South Africa household wealth rises to highest level in a year
26th September 2024 South Africa’s household wealth rose in the second quarter as an increase in the market value of their assets outstripped that of their liabilities... →
