Bloomberg
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Kenya’s Ruto teams up with Odinga to consolidate grip on power
7th March 2025 Kenyan President William Ruto signed a power-sharing agreement with opposition leader Raila Odinga on Friday, months after deadly anti-government... →
Zelenskyy to hold talks with Ramaphosa
7th March 2025 Ukrainian President Volodymyr Zelenskyy will travel to South Africa next month to discuss efforts to end Russia’s war on Ukraine. Zelenskyy will... →
South Africa's current account deficit shrinks more than expected
6th March 2025 South Africa’s current account deficit shrank by more than expected in the fourth quarter, aided by an improvement in the trade surplus. The gap on... →
Trade no longer driving growth as in past, IMF’s Georgieva says
5th March 2025 Trade is no longer driving global economic growth to the same extent as in the past and policy changes from the new US administration are... →
Consumer boost likely saved South African economy from recession
4th March 2025 South Africa probably avoided a recession last year, saved by strong consumer demand in the fourth quarter as the key mining and manufacturing... →
ANC appoints new economic policy chief
3rd March 2025 The African National Congress has appointed Zuko Godlimpi as head of its economic transformation committee in an overhaul of its internal... →
UN Food Agency shuts southern Africa office amid Trump aid cuts
3rd March 2025 The United Nations’ World Food Programme, which gets much of its funding from the US, is closing its Southern African bureau at a time when the... →
Top US diplomat in South Africa resigns with immediate effect
28th February 2025 The US’s top diplomat in South Africa resigned with immediate effect amid heightened diplomatic tensions between the two nations. The US government... →
Kenya inflation accelerates to five-month high on food prices
28th February 2025 Kenya’s annual inflation rate climbed to a five-month high in February as food prices continued to increase. Consumer prices rose 3.5% from 3.3% in... →
Trump ends thousands of USAID-funded programmes in South Africa
27th February 2025 The US has permanently stopped funding thousands of health-care programmes in South Africa, with notifications sent to affected organisations. The... →
South Africa seeks ‘meaningful deal’ with US amid strained ties
27th February 2025 South Africa wants to reach a broad-ranging agreement with the US on diplomacy and trade amid strained ties between the two nations, President... →
Zambia’s inflation hits 39-month high as food prices surge
27th February 2025 Zambia’s annual inflation accelerated to a more than three-year high in February as the impact of its worst drought in more than a century and a... →
Trump ends US initiative to boost electricity access in Africa
26th February 2025 A US initiative to increase electricity supply in Africa has been dismantled by the Trump administration after more than a decade of work,... →
Trump tariff turmoil casts a shadow over G20 meeting
26th February 2025 The club of finance ministers and central bankers who’ve steered the global economy through a quarter century of market meltdowns, recessions, wars... →
South Africa moots wealth tax in Budget discussions – Reports
25th February 2025 South African cabinet considered a proposal to introduce a wealth tax when it discussed amendments to last week’s postponed budget, Business Day... →
India sees ‘notable’ progress with China as top ministers meet at G20
21st February 2025 India’s foreign minister met with his Chinese counterpart Friday, saying there’s been “some notable developments” made between the two nations in a... →
EU bolsters ties with South Africa amid tensions with Trump
21st February 2025 The European Union and South Africa are forging closer ties after previous disagreements led to a frosty relationship, the bloc’s top diplomat... →
Rebels in Congo extend offensive to border of Burundi, UN says
20th February 2025 Rwanda-backed rebels in the eastern Democratic Republic of Congo (DRC) have advanced southward, reaching Burundi’s border and bringing the central... →
Budget unravelled after key detail was kept secret
20th February 2025 Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it... →
US snub to South Africa’s G20 may be a gift to Brics nations
20th February 2025 South Africa President Cyril Ramaphosa’s priority as Group of 20 president is overhauling the global institutions he sees as skewed in favour of... →
Treasury plans measures to offset VAT hike - reports
19th February 2025 South Africa’s National Treasury will use a series of measures to offset the impact on the poor from a planned increase in value-added tax,... →
South Africa readies early retirement plan for State workers
18th February 2025 South Africa’s government has drafted an early retirement offer for civil servants, part of an effort to reduce its wage bill, according to people... →
IMF says South Africa needs to reduce debt for faster growth
17th February 2025 South Africa must take bold steps to ease a suffocating debt burden and boost economic growth, said the International Monetary Fund. “What we are... →
DA says it will oppose any plan to increase taxes
17th February 2025 South Africa’s Democratic Alliance (DA), the second- biggest party in the country’s coalition government, said it would oppose any tax increases... →
AU creates rating agency to tackle bias, unlock funds
14th February 2025 Africa unveiled its own credit rating company to address concerns that evaluations by global agencies carry a costly bias against the continent.... →
Police arrest 2 more suspects over Steinhoff fraud
14th February 2025 South African police arrested two more suspects in relation to alleged fraud at Steinhoff that led to the near-collapse of the global retailer in... →
Bain locked in legal battle over decade-long South African ban
13th February 2025 Bain & Co. is fighting a legal battle against South African finance and tax authorities in a bid to overturn a decade-long ban on doing business... →
South Africa business mood steady on improved economic prospects
12th February 2025 South African business sentiment was little changed in January, after surging to a decade-high at the end of last year, indicating that firms... →
In default for 25 Years, Zimbabwe struggles to feed its citizens
12th February 2025 Over the last quarter century, Zimbabwe has failed to pay $21-billion in debt. Now, as the country struggles with the impact of a... →
Uganda seeks $82m AIDS funding to bridge US support cut
12th February 2025 Uganda’s flagship agencies for its HIV/AIDS initiatives need 300-billion shillings ($82-million) in extra funding to narrow a gap created after the... →
South Africa set to lower inflation target in 2026, poll shows
12th February 2025 South Africa will probably wait until next year to lower its inflation target to address more pressing issues such as weak economic growth and... →
South Africa eases rules for deals with State under R2bn
11th February 2025 South Africa enacted changes to its public-finance laws that will reduce the red tape for projects valued at less than R2-billion where the... →
Public Servants Association will accept 5.5% pay-hike offer
10th February 2025 South African government workers plan to accept an offer to increase their wages by 5.5%, less than half the percentage initially demanded by State... →
Banks seek new scorecard on apartheid-redress plans
5th February 2025 A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities brought about by... →
Breakthrough in NHI impasse
5th February 2025 South Africa’s government signalled that it is making headway in resolving an impasse over a new national medical-insurance plan that critics say... →
World Bank lifts South Africa GDP forecast on energy, logistics
4th February 2025 The World Bank raised its economic-growth forecast for South Africa because of a sustained recovery in its energy and logistics sectors, while... →
Diamond-dependent Botswana needs economic reset, new leader says
3rd February 2025 Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional... →
Rwanda-backed rebels pressing toward Bukavu in Congo, UN says
31st January 2025 Rwanda-backed M23 rebels are moving “rapidly” through South Kivu province toward the city of Bukavu in eastern Democratic Republic of Congo, the... →
Kenya inflation at 3.3% enhances case for another rate cut
31st January 2025 Kenya’s inflation rate remained below the 5% midpoint of the central bank’s target range for an eighth straight month in January, providing scope... →
Godongwana rebuffs Transnet debt-relief demand
30th January 2025 Finance Minister Enoch Godongwana vowed to keep showing “tough love” toward the nation’s ailing State-owned enterprises, rebuffing calls for a... →
Trump aid order raises HIV risk for 136 000 babies, experts warn
29th January 2025 Almost 136 000 babies are expected to be born with HIV in the next three months, mostly in Africa, because of the Trump administration’s “stop work... →
