Bloomberg
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Icasa probes illegal use of Starlink service in South Africa
28th May 2025 A South African regulator started a probe into allegations that Elon Musk-led SpaceX’s Starlink internet-satellite service was operating in the... →
Ramaphosa recalls his bemusement at Trump Oval Office encounter
27th May 2025 President Cyril Ramaphosa laughed off Donald Trump’s Oval Office ambush, in his first direct comments since returning from the encounter with his... →
Libyan peace push at risk from Trump funding cuts, UN envoy says
27th May 2025 Cuts in US funding for the United Nations may hamper efforts to reunite war-torn Libya, where deadly fighting and protests in the capital have sent... →
Rand shrugs off Trump and Budget to end week on a positive note
23rd May 2025 A week that started fraught with risks for the rand is ending on a positive note for the South African currency. The rand surged toward its sixth... →
South Africa plans legal workaround to smooth way for Starlink
23rd May 2025 South Africa’s government is proposing a workaround to Black ownership requirements that will pave the way for Starlink and other satellite... →
Congo Senate lifts ex-leader Kabila’s immunity from prosecution
23rd May 2025 Congo's senate voted overwhelmingly in favour of lifting former President Joseph Kabila's immunity from prosecution in a late night vote on... →
Trump’s ambush of Ramaphosa leaves South Africa reeling
22nd May 2025 South Africans watched aghast on Wednesday as US President Donald Trump berated their leader in the Oval Office over false claims that there’s a... →
Trump falsely insists Afrikaners face genocide in heated meeting
21st May 2025 US President Donald Trump rejected South African President Cyril Ramaphosa’s argument that there’s no genocide against White Afrikaners, airing a... →
South Africa arbiter proposes more pay to avoid logistics strike
21st May 2025 A third-party arbiter proposed a higher wage offer to South Africa’s State-owned ports and rail company and its unions in a bid to stave off a... →
South Africa to offer Musk Starlink deal before Trump meeting
20th May 2025 South Africa’s government plans to offer Elon Musk a workaround of local Black ownership laws for his Starlink internet service to operate in the... →
Nigeria to hold rates again on hazy inflation outlook
20th May 2025 Policymakers at Nigeria’s central bank are set to keep the key interest rate on hold for a second straight meeting to get a better grasp of the... →
Post Office to receive $21m to save 6 000 jobs
19th May 2025 South Africa’s Unemployment Insurance Fund will give the Post Office R381-million to prevent the loss of about 6 000 jobs. The UIF will pay the... →
African Central Banks to join emerging market peers easing rates
19th May 2025 Central banks in key African economies are getting set to line up with other emerging-markets in coming weeks and cut interest rates where... →
Transnet is running out of cash, Moody’s warns
16th May 2025 South Africa’s State-owned transport and logistics company, Transnet, will run out of money for operations and debt-servicing within three months... →
Steenhuisen lauds new Budget as ‘credible’
16th May 2025 The head of South Africa’s second-biggest political party said talks about the nation’s revamped budget are “are going very, very well,” a signal... →
Deputy Finance Minister sees Budget 3.0 as done deal
15th May 2025 South Africa’s deputy finance minister said next week’s national budget is set to secure approval from lawmakers, after two previous iterations... →
Rand surges after South Africa flags inflation-target change
15th May 2025 The rand surged to its strongest level against the dollar in two months and government bond yields fell after South Africa’s deputy finance... →
South Africa’s Land Bank in talks to raise as much as $1bn
15th May 2025 A State-owned South African bank that finances farmers is in talks with funders to raise as much as $1-billion as it recovers from a default five... →
Johannesburg’s ‘decay’ strains South Africa’s ruling coalition
15th May 2025 South Africa’s biggest parties are at odds over the governance of the country’s largest city, putting further strain on a tenuous national... →
Transnet, union in talks to avoid strike
14th May 2025 The biggest labour union at South Africa’s State-owned port and rail company are starting final talks with a third-party arbitrator to resolve a... →
Angola’s fight against corruption is losing momentum, IMF says
14th May 2025 Angolan President Joao Lourenco’s anti-corruption drive is losing steam, threatening the country’s economic growth outlook, according to the... →
Ramaphosa says Trump’s Afrikaner refugee programme is misguided
12th May 2025 Dozens of White Afrikaners are scheduled to arrive in the US on Monday, the first beneficiaries of a controversial resettlement programme... →
South African suppliers truck fuel as pipeline fees spike
12th May 2025 South African fuel suppliers are looking to utilise trucks to transport the commodity inland as the cost of using the nation’s main pipeline... →
Eswatini plans $275m wealth fund
12th May 2025 The southern African Kingdom of Eswatini plans to start a sovereign wealth fund of around 5-billion emalangeni ($275-million) this year to help... →
South African port union plans more talks to end wage dispute
9th May 2025 The main labour union at South Africa’s state port and rail company said it will continue talks next week aimed at resolving a wage dispute and... →
USAID’s demise threatens a vital health and climate solution in Africa
9th May 2025 The Trump administration’s gutting of the US Agency for International Development, with 80% of its programmes now cancelled, is a blow for clean... →
South African stocks see renewed interest from foreign investors
8th May 2025 The longest streak of inflows into South Africa’s equity market in more than two years signals a pickup in foreign demand as investors look for... →
Trump aid cut threatens Africa’s growth, AfDB candidate warns
8th May 2025 US President Donald Trump’s plan to cut hundreds of millions of dollars of funding to the African Development Bank will hit growth on the... →
Kenyan leader Ruto switches tack on taxes after deadly protests
7th May 2025 Kenyan President William Ruto plans to scrap some tax breaks to help shore up the state’s coffers, a change in strategy that comes after proposals... →
AfDB President candidate advocates tapping Middle East finance
2nd May 2025 The African Development Bank should do more to tap finance from oil-rich Middle Eastern nations and access the money held by pension funds on the... →
Mastercard Foundation to spend $300m on Africa refugees
29th April 2025 The Mastercard Foundation will spend $300-million to help about 500 000 refugees in Africa complete their education, giving them a pathway to jobs.... →
Ramaphosa agrees to establish commission into Apartheid crimes
29th April 2025 President Cyril Ramaphosa has agreed to establish a commission of inquiry into alleged political interference in the prosecution of crimes... →
DA rules out quitting coalition
25th April 2025 The leader of the Democratic Alliance said his party remains committed to being part of the nation’s coalition government despite ongoing wrangling... →
Inflation eases to an almost five-year low
23rd April 2025 South African inflation slowed to an almost five-year low in March, taking it below the floor of the central bank’s target range. The consumer... →
US, South Africa to hold trade talks this week – Reports
23rd April 2025 The US and South Africa will hold a first round of bilateral talks this week after the Trump administration imposed tariffs on goods and amid... →
IMF slashes global growth forecast, says downside risks dominate
22nd April 2025 The International Monetary Fund sharply lowered its forecasts for world growth for this year and next, warning the outlook could deteriorate... →
Zambia to sign final bilateral debt-revamp deals by September
22nd April 2025 Zambia aims to sign debt-restructuring deals with its remaining bilateral creditors by the third quarter, said Finance Minister Situmbeko... →
Central banks stare into trade-war abyss with rate cuts primed
22nd April 2025 Global central banks will mostly stand ready for interest-rate cuts in coming months to cushion their economies from US President Donald Trump’s... →
African nations face new funding crunch amid trade tensions
17th April 2025 Just as regional finance ministers were beginning to get over what the International Monetary Fund dubbed “the great funding squeeze” in the... →
South African court ends R8bn rail contract in anti-graft push
17th April 2025 A South African court set aside an R8-billion contract between the State rail operator and a company that’s now a unit of Wabtec Corp for 233... →
ANC lags DA in new voter opinion poll
16th April 2025 Support for the African National Congress, which ruled South Africa outright for three decades after apartheid rule ended, has slipped further... →
