Bloomberg
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South Africa's coal export line will need five years to refurbish
13th August 2024 South Africa’s State-owned rail company needs $669-million and five years to upgrade equipment to revive performance of its main export coal line,... →
Private placements, carbon seen by JSE as African growth route
12th August 2024 JSE, which operates Africa’s biggest stock and bond exchanges, is looking to expand its private placement and carbon offset platforms across the... →
South Africa needs more political will to exit dirty-money list
8th August 2024 South Africa needs decisive political buy-in to ensure its exit from a global dirty-money watch list by a June deadline, a top official at the... →
South African firms seek water investments to avoid next crisis
7th August 2024 South African corporates — which have partnered with the government to revive failing transport and energy networks — are in talks with the state... →
South Africa growth at risk without infrastructure fix, S&P says
7th August 2024 South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P... →
South Africa can fix backlogged ports in a year, Ntshavheni says
7th August 2024 South Africa’s ports — ranked among the world’s worst — are improving and state-owned operator Transnet will fix them within the next 12 to 14... →
Africa’s richest city needs R221bn to fix infrastructure
6th August 2024 Johannesburg, billed as Africa’s richest city because of its concentration of businesses and millionaires, needs R221-billion to catch up on... →
South Africa still owns highly enriched uranium, report says
2nd August 2024 South Africa still has a stockpile of highly enriched uranium, Netwerk24 reported, citing Minister of Mineral and Petroleum Resources Gwede... →
Barbeque Index shows South African food inflation fell in July
1st August 2024 The falling price of pap — a beloved South African cornmeal dish that forms part of a township shisanyama barbecue — is good news for the central... →
South Africa showcases some success in fighting crime scourge
1st August 2024 Law-enforcement agencies have made major progress in tackling South Africa’s crime scourge, busting a number of gangs and seizing thousands of... →
South Africa factory mood leaps as political uncertainty clears
1st August 2024 South African manufacturers’ sentiment improved more than expected in July as political uncertainty cleared after the formation of a centrist... →
South Africa to publish proposed new financial rules by year end
1st August 2024 South Africa’s National Treasury said it is close to finalising long-awaited changes to the nation’s financial markets regulations, and plans to... →
SARB to finish R100bn transfer to Treasury soon
30th July 2024 The South African Reserve Bank (SARB) will complete the transfer of R100-billion of profits on the nation’s gold and foreign-exchange reserves to... →
South Africa revival needs reform jumpstart, business lobby says
25th July 2024 South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to... →
South African inflation slows as food and transport costs cool
24th July 2024 South Africa’s inflation rate slowed slightly in June, touching a six-month low and potentially encouraging the central bank to consider cutting... →
African nations turn to gold to protect against currency losses
24th July 2024 African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned... →
WTO members push to expedite an Okonjo-Iweala second term bid
23rd July 2024 A sizable portion of World Trade Organization (WTO) members supported a move from a group of African countries pushing for Director-General Ngozi... →
Ratings company to serve Africa set to be ready by next year
22nd July 2024 A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an African... →
South Africa to hold rates before President’s key economy speech
18th July 2024 For the first time this year, economists are divided over whether South Africa’s central bank will continue to leave interest rates at a 2009 high... →
South Africa wants to fix ‘hostile’ skilled worker visa regime
18th July 2024 South Africa must fix a dysfunctional work permit system or sacrifice economic growth, the country’s new Home Affairs minister said, pledging to... →
Fintechs fly planes of cash into Zimbabwe to meet demand for Dollars
17th July 2024 At least once a month — and sometimes as often as three times a week — a private plane lands in a secure part of Robert Gabriel Mugabe... →
African economies seen delaying joining cycle of global easing
17th July 2024 African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight... →
South Africa tells UK carbon border tax will deepen inequality
16th July 2024 South Africa has told the UK that its plans to impose a carbon tax on imported goods will deepen global inequality and hamper Africa’s ability to... →
South Africa plans US mission to lobby against review of ties
15th July 2024 South Africa’s newly formed government will use an upcoming forum on US preferential trade access to push back against a Senate review of ties... →
Zimbabwe bankers back plan to adopt ZiG as sole currency before 2030
15th July 2024 Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date of 2030, provided the economic stability... →
South Africa storms in Western Cape cause damage to 35 000 homes
12th July 2024 Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35 000 households in the city of Cape Town,... →
New Minister backs health insurance revamp
11th July 2024 South Africa’s new health minister backed a recent law that will lay the groundwork for universal national health insurance, an indication of his... →
US lends $99m to Mozambique’s first wind-power project
10th July 2024 The US International Development Finance Corp (DFC) approved a loan of as much as $99-million to help finance Mozambique’s first utility-scale... →
Conflict in Congo threatens trade in key metals, UN experts say
9th July 2024 Companies buying metal sourced from central Africa could be exposing themselves to UN sanctions for supporting war in eastern Democratic Republic... →
Crops hit by black frost may trigger food shortage, farmers' organisation warns
9th July 2024 Black frost hit crops in South Africa’s northernmost Limpopo province, with a key farmers’ organisation warning of looming food shortages in the... →
South Africa inflation expectations dip before rate decision
5th July 2024 South African inflation expectations for the next two years declined, signalling progress in the central bank’s efforts to rein them in before its... →
South Africa extends temporary visa concession for applications
4th July 2024 Newly sworn in South African Home Affairs Minister Leon Schreiber has extended a temporary concession for foreign nationals who are currently... →
Lawmakers revive Spending Bill under new government
3rd July 2024 South African lawmakers, in their first vote since a new government was formed, agreed to revive a bill allowing the National Treasury to release... →
South Africa seeks to renegotiate coal pact tied to $2.6bn
3rd July 2024 South Africa is seeking to alter the terms of a landmark agreement under which it promised to cut its reliance on coal in exchange for access to... →
Kganyago welcomes Godongwana's reappointment as Finance Minister
2nd July 2024 South African central bank Governor Lesetja Kganyago welcomed the reappointment of Finance Minister Enoch Godongwana in the new coalition cabinet... →
Modi is shoring up Russia ties as Putin deepens China embrace
2nd July 2024 Worried by deepening China-Russia relations, Indian Prime Minister Narendra Modi is heading to Moscow next week for talks with President Vladimir... →
South Africa expected business conditions surge to two-year high
1st July 2024 An index tracking expected business conditions in six months’ time for the South African manufacturing industry jumped to the highest level since... →
Happening in Parliament this week
1st July 2024 Parliament will conduct an induction programme for new Members of Parliament from Tuesday to Thursday. The induction will cover various topics,... →
South Africa opposition makes debut in Ramaphosa’s unity Cabinet
30th June 2024 South African President Cyril Ramaphosa announced his new Cabinet, allocating ministerial posts to opposition politicians while retaining close... →
Xi calls for Global South to play bigger role on world stage
28th June 2024 Chinese leader Xi Jinping called for the Global South to have a greater say in international affairs, stepping up his efforts to challenge the... →
South Africa nears completion of new government; Rand rallies
28th June 2024 South Africa is close to concluding discussions on forming a new government, the African National Congress said. The rand jumped. “Almost done with... →
