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Investors go all in on Ramaphosa pledge to rebuild South Africa
16th January 2025 On South Africa’s busiest freight corridor, men and a handful of women decked out in blue overalls, hard hats and reflector jackets transform the... →
Traders see South Africa cutting interest rates once in 2025
14th January 2025 Traders scaled back their bets for South Africa’s interest rate cuts this year, with markets now pricing in only one as they decipher the Federal... →
Sasol fire heightens South Africa’s dependence on fuel imports
14th January 2025 A fire that shut Sasol’s Natref oil refinery leaves South Africa with only one crude-processing plant running, highlighting a growing reliance on... →
Congo President replaces finance minister in cabinet reshuffle
14th January 2025 Republic of Congo President Denis Sassou Nguesso replaced the nation’s finance minister in a cabinet reshuffle, after a squeeze on state finances... →
Eskom’s hard-won recovery tested by cities owing billions
13th January 2025 A turnaround in the finances of South Africa’s Eskom Holdings has won praise from investors but they are keeping their eyes on one issue — the... →
Sub-Saharan Africa economies well placed for 2025, Moody’s says
10th January 2025 Sub-Saharan Africa’s economic growth is expected to improve to an average 4.2% this year from an estimated 3.8% in 2024, boosted by investments in... →
Municipal debt piles pressure on Eskom’s restructuring efforts
7th January 2025 Billions of rand that South African municipalities owe Eskom are hindering the State-owned power utility’s plan to restructure and separate its... →
Infrastructure reform key to lift South Africa growth, BER says
7th January 2025 South Africa must invest R200-billion to revive its frayed railways, half that amount again to upgrade water infrastructure, and tackle bottlenecks... →
Zimbabwe invites power-storage bids to ease supply crisis
6th January 2025 Zimbabwe’s power-transmission company has invited bids for companies to install energy-storage units as part of measures to ease crippling energy... →
Eskom risk premium falls as turnaround wins over bond investors
20th December 2024 Eskom Holdings’s risk premium is dwindling as a turnaround at South Africa’s State-owned electricity company gathers momentum. The extra yield... →
Modi’s year of setbacks leaves India vulnerable in perilous 2025
19th December 2024 At the outset of 2024, Prime Minister Narendra Modi was riding a wave of international acclaim and anticipating an election campaign that looked... →
South Africa shuts 1 041 mom-and-pop stores as food deaths mount
18th December 2024 South Africa has shut down 1 041 mom-and-pop stores in a bid to stop people from consuming pesticide-laden food, which has led to the deaths of 38... →
Kenya plans IVF to save rare White Rhinos nearing extinction
17th December 2024 Kenya plans to use assisted reproduction techniques to save the northern white rhino — a species that has only two females remaining worldwide —... →
Israel sees signs of breakthrough in talks over Gaza ceasefire
17th December 2024 Israeli officials say a ceasefire in Gaza is a more realistic prospect than at any time in the past year, suggesting a long-awaited deal to free... →
Zambia gets $184-million from IMF after program review
17th December 2024 Zambia will immediately receive about $184-million from the International Monetary Fund (IMF) after the lender’s board approved the fourth review... →
South Africa, Lesotho row puts water project at risk, BD says
13th December 2024 A diplomatic row may further delay the construction of a multi-billion dollar project in Lesotho that’s needed to ward off a water crisis in South... →
Mozambique Presidential advisory group proposes electoral reform
12th December 2024 Mozambique’s Council of State, a group that advises the president, called for “profound” reforms to the way elections take place in the southeast... →
South African inflation inches up, leaving rate cut hopes intact
11th December 2024 South Africa’s inflation rate crept up by less-than-expected in November, creating room for the central bank to deliver another cut in borrowing... →
Trump picks Tom Barrack to serve as US Ambassador to Turkey
11th December 2024 President-elect Donald Trump said he is tapping Tom Barrack, the founder of Colony Capital LLC, to serve as ambassador to Turkey, elevating a... →
Russia’s Africa strategy at risk after Syria regime collapse
11th December 2024 The swift collapse of Bashar Al-Assad’s regime in Syria threatens a key Russian airbase in the country that Moscow has depended on to project... →
South Africa business confidence jumps as government hopes grow
10th December 2024 South Africa’s business confidence soared to the highest level in nine years last month, suggesting a significant improvement in the economic... →
OR Tambo International faces flight delays over refuel issues
9th December 2024 Airlines at South Africa’s busiest airport are unable to refuel their aircraft, raising the possibility of renewed delays just two days after... →
South Africa cautious on rates to avoid regrets, Kganyago says
9th December 2024 South African Reserve Bank Governor Lesetja Kganyago said policymakers were proceeding with care on adjusting interest rates, to avoid having any... →
McKinsey, Busa join for G20 event after scandal
6th December 2024 McKinsey & Co. is partnering with South African business-lobby group Business Unity South Africa (Busa) to prepare for an event aimed at connecting... →
India downplays Brics common currency plan that angered Trump
6th December 2024 There has been no decision by the so-called Brics block about creating a common currency to reduce usage of the dollar, India’s central bank chief... →
High Court says State can’t order new coal plants
4th December 2024 South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was... →
Justice Minister moved to Human Settlements portfolio amid probe
3rd December 2024 President Cyril Ramaphosa moved Justice and Constitutional Development Minister Thembi Nkadimeng-Simelane to a new department, amid an... →
South Africa says no plans to develop a common Brics currency
2nd December 2024 South Africa’s government said there are no plans to create a so-called Brics currency, after US President-elect Donald Trump threatened to impose... →
Ghana rate decision too close to call as inflation alters course
29th November 2024 Economists are divided over whether Ghana’s central bank will extend its easing cycle or leave the key interest rate unchanged ahead of elections... →
Johannesburg weighs tighter water restrictions as supply falters
29th November 2024 South Africa’s business capital is considering tighter water curbs as it battles to maintain ageing infrastructure and cope with increased demand.... →
Rupert says extension of US pact vital for South Africa
29th November 2024 Johann Rupert, chairperson and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from... →
Unrest blocks Mozambique’s South African border for a second day
28th November 2024 Mozambique’s main border crossing with South Africa was blocked for a second day on Thursday due to political unrest, the highway concessionaire... →
PIC backs Grit’s $100m property push
28th November 2024 Africa’s biggest pension fund is backing Grit Real Estate Income Group’s $100-million capital-raising push for the property company’s real estate... →
Turnaround at South African Airways has banks keen to lend
28th November 2024 South Africa’s State airline is being approached by banks keen to discuss lending the carrier money, aided by a turnaround in the company’s... →
Johannesburg residents, police clash in riot over lack of water
28th November 2024 Residents in South Africa’s economic hub of Johannesburg clashed with police during a protest about a lack of water supply in areas west of the... →
Mozambique election protests resume after leaders’ meeting flops
27th November 2024 Mozambique faces three more days of protests called by an opposition leader, after he skipped a meeting with the other candidates in last month’s... →
South Africa plans US corn-import permits as drought cuts crop
27th November 2024 South Africa will issue import permits for genetically engineered white and yellow corn from the US after a mid-summer drought that caused 22% drop... →
Goldman’s upbeat South African inflation call outdoes Central Bank view
27th November 2024 Goldman Sachs is making a contrarian case for a steep slowdown in South Africa inflation next year, setting itself apart from other observers and... →
Rich countries provide no haven from climate doom, study finds
26th November 2024 As sovereign debt investors concerned about climate change scrutinise national responses to rising global temperatures, they’re increasingly... →
Angola says no negotiations on possible new IMF loan programme
26th November 2024 Angola said there are currently no negotiations taking place with the International Monetary Fund about a possible new financial-assistance... →
South Africa needs a single body to fight corruption, OECD says
26th November 2024 South Africa should set up a single agency to fight graft, according to the Organisation for Economic Cooperation and Development (OECD), which led... →
