Bloomberg
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High Court says State can’t order new coal plants
Updated 6 hours ago 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... →
Kenya staggers $1.5-billion UAE loan on IMF funding concerns
22nd November 2024 Kenya plans to draw down on a $1.5-billion loan agreed with Abu Dhabi in tranches to remain within borrowing thresholds set in an International... →
South Africa’s cagey central bank to cut rates sparingly in 2025
22nd November 2024 South African Reserve Bank Governor Lesetja Kganyago’s repeated emphasis of uncertainty is expected to translate, at most, into only a handful of... →
ICC issues arrest warrant for Israel’s Netanyahu on war conduct
21st November 2024 The International Criminal Court judges on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas military chief... →
Zimbabwe power tariff hike sparks 3 000 MW of energy investments
20th November 2024 Zimbabwe’s decision to adopt tariffs that reflect costs has sparked a wave of investments in the energy sector that will help ease its power... →
Namibia aims to raise $450m to boost power generation
20th November 2024 Namibia’s state-owned electricity utility plans to raise $450-million by selling bonds in the country and raising development bank loans to help... →
Treasury to suspend municipal funds over water debt
20th November 2024 South Africa’s Treasury plans to withhold funds from five municipalities next month over their unpaid water bills, part of an effort to compel... →
Zambia, Zimbabwe face wake-up call after Kariba dam water levels plunge, Minister says
19th November 2024 A plunge in water levels at the world’s largest man-made reservoir, which has left Zambia and Zimbabwe without power for hours, shows why they need... →
Africa Central Banks seen cutting while they can after Trump win
19th November 2024 Most African central banks weighing interest rates over the next three weeks are set to lower them, wary that the window to ease further may narrow... →
US Ambassador to South Africa Brigety says he will resign
18th November 2024 Reuben Brigety, the US ambassador to South Africa, said he will resign effective January 10 in line with procedure after Donald Trump's election... →
South Africa says China could assume climate lead if US exits
15th November 2024 China has an opportunity to lead the global fight against climate change with the US set to tamp down its commitments following the election of... →
South Africa partially reopens Mozambique border after unrest
14th November 2024 South Africa started allowing some movement at its main border with Mozambique on Thursday morning, after protests prompted a suspension the day... →
South Africa declares national disaster after floods, storms
13th November 2024 South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds... →
Mozambique ports at risk as opposition chief urges more protests
12th November 2024 Mozambican opposition leader Venâncio Mondlane called for fresh protests against the results of last month’s election and encouraged supporters to... →
South Africa markets eurobonds after coalition lifts confidence
12th November 2024 South Africa is marketing eurobonds in its first potential international debt sale under a government of national unity following May elections.... →
Calm returns to Mozambique capital after deadly day of protests
8th November 2024 Calm returned to Mozambique’s capital on Friday after police used deadly violence to break up a wave of post-election protests that shook Maputo... →
AFD sees others adding to $432m South Africa climate loan
8th November 2024 The head of France’s state development bank expects other development finance institutions to add to a €400-million ($432-million) climate loan for... →
South Africa is working on unique digital identity, instant visa
6th November 2024 South Africa plans to create unique identities for its citizens and issue instant visas as it digitizes its economy. The South African Revenue... →
South Africa on the clock as rand volatility soars post-budget
5th November 2024 Investors are giving South Africa’s coalition government some leeway to get its finances in order, but the rising cost of hedging against rand... →
Fuel price to rise for first time in six months
4th November 2024 South African fuel prices will increase for the first time in six months as rising international oil prices offset the impact of a stronger rand.... →
Goldman more upbeat on South Africa than its Finance Minister
4th November 2024 Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path... →
South African oil group seeks to amend new law to woo investors
4th November 2024 Some oil explorers are “not satisfied” with South Africa’s long-awaited rules for the industry that were signed into law last month by President... →
South Africa’s Central Bank unlikely to get lower CPI goal soon
31st October 2024 South Africa is unlikely to have a new inflation target by February’s budget, Finance Minister Enoch Godongwana said. “I don’t want to mislead you... →
Zimbabwe’s ruling party passes resolution to have gold-backed ZiG adopted as sole currency
29th October 2024 Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US... →
South African budget eyed by investors for further reform steps
29th October 2024 The new South African coalition government’s resolve to control debt and expedite reforms to fire up the lackluster economy will be put to the test... →
Ratings bias costs Africa billions of dollars, Standard CEO says
28th October 2024 African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s... →
