Bloomberg
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Senegal to pick new leader as it gears up for energy boom
22nd March 2024 After a tumultuous buildup, Senegalese will elect a new leader on Sunday to oversee one of the world’s fastest-growing economies and a nascent oil... →
Africa’s biggest economies set to hold interest rates as inflation risks linger
19th March 2024 Central banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two... →
South African economic hub’s water system on verge of collapse
19th March 2024 South Africa is facing the prospect of a breakdown in the water supply to its industrial heartland and most-populated region, adding to the woes of... →
US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy... →
South Africa takes next step toward opening up electricity trade
15th March 2024 South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another... →
South Africa’s next energy challenge: A R390-billion grid upgrade
15th March 2024 South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to... →
Africa’s biggest freight rail market set for private operators
13th March 2024 Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest... →
South Africa won’t need Electricity Minister by end of 2024
12th March 2024 Electricity Minister Kgosientsho Ramokgopa said an anticipated improvement in electricity supply should see him out of a job by the end of 2024.... →
El Niño scorches Southern Africa with driest February on record
8th March 2024 A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send... →
South Africa current account gap widens more than forecast
7th March 2024 South Africa’s current-account deficit widened more than expected in the fourth quarter of 2023, as dividend and interest payments to foreign... →
Zuma’s son dumps Dubai seeking to challenge ANC
6th March 2024 One of former President Jacob Zuma’s sons, who is known for his love of luxury cars and lavish lifestyle, has entered the political fray and... →
South African economy averts recession as mining sector rebounds
5th March 2024 South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries... →
Fractures in global trade deepen as WTO musters only a small win
4th March 2024 The World Trade Organization’s ability to tear down barriers to commerce, ensure stability through global accords and enforce the rules came under... →
South African researchers trawl through death records to assess coal impact
29th February 2024 South African scientists plan to examine about 8.5-million death certificates to ascertain how many people the country’s dependence on coal for... →
Gates Foundation funds African scientists searching for TB and malaria cure
28th February 2024 African scientists have received $7.2-million to find drugs that will help combat malaria and tuberculosis on the continent that’s the most... →
Treasury backs Central Bank inflation target review
23rd February 2024 National Treasury said there’s a case to be made for the central bank’s inflation target to be reviewed to improve competitiveness and given the... →
Lula plans to meet with Putin at Brics Summit in October
23rd February 2024 Brazilian President Luiz Inacio Lula da Silva will meet with his Russian counterpart, Vladimir Putin, in October when the two leaders attend the... →
Eskom eschews $2.5bn of cheap loans as climate pact flounders
23rd February 2024 South Africa’s State power utility has failed to tap $2.5-billion of cheap loans to build critical transmission infrastructure that would help end... →
Growth, returns and aid shift investor focus to West of Africa
22nd February 2024 Investors in West African countries are enjoying the best returns on the continent, and are shifting money flows to a region that’s performed well... →
Israeli officials push ahead with Rafah plan without precise strategy
22nd February 2024 Israel is determined to push ahead with a goal to move a million or more civilians from Rafah before an attack on the Hamas-held city in Gaza, even... →
South African military is at war without helicopter-service deal
19th February 2024 South Africa has deployed its troops into two wars without renewing a maintenance contract needed to keep its essential attack and transport... →
Reserves drawdown is wildcard in South Africa’s election budget
19th February 2024 Enoch Godongwana needs to conjure an annual budget that balances spending pressures stemming from this year’s elections with the South African... →
South Africa to host Iranian President Raisi
14th February 2024 Iranian President Ebrahim Raisi will visit South Africa later this month. President Cyril Ramaphosa will host Raisi on a state visit at Pretoria,... →
South Africa’s inaugural Grid Emission Measure highlights coal dependence
14th February 2024 South Africa produced its inaugural official gauge of the carbon intensity of its electricity production, confirming its status as one of the... →
South Africa dismisses US lawmakers’ bid to review relations
12th February 2024 South Africa dismissed a bid by US lawmakers to have legislation passed that calls for a review of bilateral ties between the two nations. Two... →
Africa’s Eurobond comeback ends debt-distress saga
9th February 2024 Sub-Saharan African nations have returned to international capital markets, marking a definitive departure from the debt-stress saga that has... →
Five key things to watch for in South African President’s keynote speech
8th February 2024 South African President Cyril Ramaphosa will deliver his last state-of-the-nation address before the country holds national elections that are... →
South African poll shows ANC losing majority, gains for EFF
7th February 2024 South Africa’s ruling party looks set to lose its outright majority in national elections for the first time since 1994, while support for the... →
Kganyago roots for central bank independence
7th February 2024 South African Reserve Bank Governor Lesetja Kganyago defended the independence of the monetary authority, which has faced repeated calls for its... →
South Africa faces another 5 years of uncertainty
6th February 2024 As any observer of the South African political economy will tell you, Nelson Mandela’s country is long due a lucky break. But it won’t get that... →
South Africa heading for coalition after 2024 election, analysts say
5th February 2024 South Africa’s ruling African National Congress (ANC) risks losing its majority in this year’s elections, but should be able to form a governing... →
Sudan’s Paramilitary General is now being feted as a Statesman
2nd February 2024 Lieutenant General Mohamed Hamdan Dagalo was pitching himself as Sudan’s president-in-waiting on a recent tour of African countries — and in a... →
Mozambique seeks to end 50-year hydropower pact with South Africa
2nd February 2024 Mozambique plans to end half a century of hydropower supply to South Africa’s State-owned electricity utility, raising risks for the continent’s... →
HSBC sees South Africa household spending remaining weak in 2024
1st February 2024 Household consumption in South Africa is expected to pick up slightly in 2024 after likely growing at its weakest pace in three decades last year,... →
Brics gets boost as Saudi Arabia joins group of emerging nations
1st February 2024 South Africa’s foreign minister said Saudi Arabia and four other countries have accepted the invitation to join the Brics club of nations that was... →
Climate change behind Africa cholera surge, top health body says
31st January 2024 The Africa Centres for Disease Control and Prevention, the continent’s chief health advisory body, has tied the worst outbreak of cholera in three... →
Ramaphosa warns ANC of foreign meddling in vote
31st January 2024 President Cyril Ramaphosa said the nation’s case against Israel in a top United Nations court could result in foreign powers interfering with the... →
Investec predicts South Africa M&A revival citing ‘renewed optimism’
31st January 2024 Mergers and acquisitions in South Africa are set to rebound this year as the $405-billion economy starts to show signs of recovery, according to... →
IMF cuts South Africa's 2024 growth forecast
30th January 2024 The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining... →
Naira plunges 31%, brings currency closer to Nigeria street rate
30th January 2024 Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second... →
ANC weighs parting ways with Zuma
26th January 2024 The top leadership of South Africa’s ruling party will consider whether it should part ways with its former leader Jacob Zuma at a three-day... →
