Bloomberg
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World Bank’s Banga seeks $85bn to leverage Africa’s youth
28th January 2025 World Bank president Ajay Banga said boosting access to electricity is the key to unlocking the demographic dividend in the world’s youngest... →
Parks Tau says no new tax planned for black-owned firms fund
27th January 2025 South Africa is still discussing whether to set up a new fund to promote Black-owned businesses, and suggestions that new taxes will be imposed to... →
ANC wants National Treasury to rescue Transnet
27th January 2025 South Africa’s biggest political party will ask the National Treasury to consider a one-off debt-relief package for state-owned rail and ports... →
Rate chokehold on African economies is set to loosen slowly
27th January 2025 Over the course of the next month, African nations representing almost three-quarters of the continent’s gross domestic product are set to stake... →
Trump moves likely inflationary for South Africa, FirstRand CEO says
24th January 2025 Tariffs proposed by US President Donald Trump will likely have an inflationary impact on South Africa, according to the chief executive officer of... →
South African coal, metal exporters to spend billions fixing rail
24th January 2025 South African coal and iron-ore exporters aim to sign agreements with state-owned logistics company Transnet next month that could pave the way for... →
One by one, world leaders in Davos fall in line in Trump era
23rd January 2025 He’s not showing up in person, and his video address will come as the World Economic Forum is already winding down. But Donald Trump is still what... →
Steel mogul Mittal, South African ministers meet on mill closures
22nd January 2025 Indian steelmaking tycoon Lakshmi Mittal met with South African ministers in Davos this week as the country seeks to head off the planned closure... →
Sasol plots new route to emission goal after refocusing on coal
22nd January 2025 Sasol CEO Simon Baloyi is seeking a new path for South Africa’s second-largest polluter to reach its emissions target after doubling down on coal... →
South Africa’s Kganyago warns US policies may slow disinflation
21st January 2025 South African central bank Governor Lesetja Kganyago warned that US protectionist policies may derail future interest-rate cuts by central banks if... →
Steel cuts threaten South Africa’s $257bn building drive
21st January 2025 Billionaire-backed ArcelorMittal South Africa’s (AMSA's) plans to shut down a century-old steel mill in South Africa are holding President Cyril... →
Netanyahu says Israel-Hamas deal to pause Gaza war is approved
17th January 2025 Israel’s Prime Minister Benjamin Netanyahu said an agreement with Hamas to pause the war in Gaza has been finalized, suggesting it’s on track to... →
World Bank sets terms for Africa to win $40bn in power finance
17th January 2025 The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the... →
South Africa sees talks averting ArcelorMittal plant closures
16th January 2025 South African officials are working to prevent the closure of some steel mills operated by the local unit of ArcelorMittal SA this month, Trade... →
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... →
