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South Africa’s coalition government triggers wave of investment
23rd September 2024 The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not... →
NHI is unworkable without private-sector inclusion – Discovery's Adrian Gore
20th September 2024 Discovery, South Africa’s biggest health-insurance provider, is cautiously optimistic that the government and business can find solutions to... →
Economists split on how deep South Africa’s easing cycle will be
20th September 2024 South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis... →
A $90bn World Bank plan to electrify Africa gets under way
20th September 2024 A plan to bring electricity to 300-million Africans by 2030, backed by an initial pledge of $30-billion from the World Bank and the African... →
Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible... →
South Africa seen sticking to modest rate cut despite Fed cut
19th September 2024 The South African Reserve Bank (SARB) will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight... →
Rand gains with SARB poised for first rate cut in four years
19th September 2024 The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its... →
South African Treasury to coax funds to invest in infrastructure
18th September 2024 South Africa’s National Treasury is working on measures to encourage private investment in infrastructure projects, an initiative it hopes will... →
Bill Gates turns to cows milk and gut bacteria in $3tr nutrition fight
17th September 2024 Bill Gates says world leaders must step up the fight against a worsening child nutrition crisis that’s causing trillions of dollars in economic... →
Africa’s largest economies to change course on rates for first time in years
17th September 2024 Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in... →
South Africa’s work visa reform plans slowed by tax issues
16th September 2024 South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad visa for remote... →
Bezos-backed group to prepare South African grids for investment
16th September 2024 A global organisation backed by Amazon Founder Jeff Bezos’ climate and biodiversity fund said it’s setting up a programme to attract investment... →
South Africa told by Germany its energy transition too slow
13th September 2024 South Africa has been told that the pace of its energy transition is too slow by a key funder, Germany, Environment Minister, Dion George, said.... →
Pravin Gordhan dies at 75
13th September 2024 Pravin Gordhan, who held three positions in South Africa’s cabinet and won plaudits for standing up to Jacob Zuma during his scandal-marred... →
Transnet breaches loan terms again as debt weighs on investment
11th September 2024 Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s... →
South Africa rejects civil-servant pay demand, offers 3% raise
11th September 2024 The South African government rejected a demand by public-sector workers for a 12% pay increase, saying it’s unaffordable. Instead, the state... →
South Africa may exit dirty-money list by October 2025, Treasury official says
11th September 2024 South Africa should address outstanding shortcomings in tackling illicit financial flows to exit a global dirty-money list by either June or... →
National roads need over R307-billion of repairs
10th September 2024 South Africa, which already faces a heavy bill to upgrade its port, rail and electricity infrastructure, needs R307-billion to repair and improve... →
Israel strikes Gaza camp in attack Hamas says killed 40 people
10th September 2024 Israel launched a deadly airstrike on what it said was a Hamas base in a Gaza camp for displaced Palestinians, an incident likely to stoke... →
Zimbabwe’s ZiG currency hits longest losing streak against Dollar
10th September 2024 Zimbabwe’s bullion-backed currency is experiencing its longest run of losses against the dollar since it started trading on April 8. The ZiG, short... →
Germany ready to help fund R390bn South African grid revamp
6th September 2024 Germany is willing to help fund the R390-billion ($22-billion) that South Africa said it needs to incorporate more solar and wind power into the... →
Senegal’s President expected to call snap Parliamentary vote
5th September 2024 Senegal President Bassirou Diomaye Faye is expected to call fresh parliamentary elections in a bid to secure a majority and push through reforms... →
South Africa rail, power revamp hinges on ending cable theft
4th September 2024 The recovery of South Africa’s two biggest State-owned companies — beset by years of corruption and theft — relies on one common component:... →
South Africa targets China as key market for its farm produce
4th September 2024 South Africa new 10-party coalition government aims to increase agricultural exports to China, part of a drive to forge closer ties with the Asian... →
Botswana to hold general election on Oct 30, President says
3rd September 2024 Botswana will hold a general election on October 30, according to President Mokgweetsi Masisi, who will seek another term. Parties will nominate... →
South Africa asks banks, insurers for consumer education plans
3rd September 2024 A top South Africa regulator is planning to require financial institutions to unveil their plans for boosting spending on customer education as it... →
Germany seeks clarity on South Africa’s coal-closure slowdown
3rd September 2024 Germany’s climate envoy said her country is seeking clarity on South Africa’s plans to slow down the closure of its coal-fired power plants and... →
Turkey bids to join Brics in push to build alliances beyond west
2nd September 2024 Turkey has formally asked to join the Brics group of emerging-market nations as it seeks to bolster its global influence and forge new ties beyond... →
Sustained low CPI may spur South Africa rate cuts, Kganyago says
2nd September 2024 South Africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, Governor Lesetja Kganyago... →
South Africa may target air pollution in Johannesburg, Tshwane
2nd September 2024 South Africa may declare its biggest city and its capital as key areas to tackle air pollution, Patience Gwaze, the country’s national air quality... →
South Africa weighs tightening bank-disclosure laws on mortgages
27th August 2024 South Africa intends to compel banks to disclose more information about their mortgage-lending practices to boost access to home loans among... →
Briton must face South African Eskom bribery charges, court says
23rd August 2024 A British national wanted in South Africa over allegations of bribes paid in a deal struck with state-owned power utility Eskom Holdings lost a bid... →
Johannesburg weighs bond sale to help fix broken infrastructure
21st August 2024 The City of Johannesburg is considering raising as much as R2-billion of new debt to address a mounting infrastructure backlog. Newly elected Mayor... →
S Africa moving to finalise framework for private sector participation in rail and ports
20th August 2024 South Africa plans to complete a framework for private companies to use State-owned port and rail infrastructure within six months, Transport... →
Longest rally in 13 years takes S Africa rand to best in world
16th August 2024 South Africa’s rand is on a winning run not seen in 13 years. The ninth consecutive day of gains in the currency, often seen as a bellwether for... →
Zimbabwe commissions wind-energy study to help add generation
15th August 2024 Zimbabwe has commissioned a study of wind power potential in the Southern African nation as part of an effort to increase electricity generation.... →
S Africa urged to lift growth as business confidence rises
14th August 2024 South Africa’s new multi-party government has an opportunity to boost economic growth and investment, the country’s Chamber of Commerce said, as it... →
Rising prices are deepening the electricity divide in South Africa
14th August 2024 Late last year, residents of Yeoville and Bellevue — crumbling inner city areas of Johannesburg — went without power for four weeks after a... →
South Africa to align foreign policy with economic interests
13th August 2024 South Africa’s new business-friendly coalition government signalled that its foreign policy will be focused on furthering the nation’s economic... →
South Africa's infrastructure spend plans soar as energy woes ease
13th August 2024 The value of South Africa’s planned investment projects increased sharply in the first half of 2024, boosted by sustained electricity supply,... →
Botswana to cut spending on cars, travel as diamond slump persists
13th August 2024 Botswana plans to reduce spending on new vehicles and travel for government officials and may delay some capital projects to deal with a slump in... →
