Bloomberg
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South Africa set for first primary budget surplus in 15 years
17th May 2024 South Africa likely achieved a primary budget surplus — where revenue exceeds non-interest expenditure — for the first time in 15 years, setting it... →
South Africa gears up for legal battle over health-care revamp
16th May 2024 A legal battle over South Africa’s newly enacted national health-insurance law is brewing and is likely to end up in the nation’s top court.... →
ANC seen avoiding populist partners post election
15th May 2024 South Africa’s ruling African National Congress is likely to win 44.8% of the vote in this month’s national election and will be loath to invite... →
Plunging currencies, El Niño to delay rate cuts in African economies
15th May 2024 Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and... →
Mantashe warms to Anglo plan after opposing BHP bid
14th May 2024 South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major... →
Zimbabwe hypes new gold-backed currency in search for investment
10th May 2024 Zimbabwe is making a fresh push to lure foreign capital and is using its new gold-backed currency to persuade investors it won’t repeat mistakes... →
Putin renews nuclear threats against West at military parade
9th May 2024 Russian President Vladimir Putin warned the West against threatening Russia as he pursues his invasion of Ukraine and revived his nuclear... →
South Africa to provide new coal-plant closure timeline to secure secure $2.6bn
8th May 2024 South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an... →
South Africa asks Equatorial Guinea to release jailed engineers
7th May 2024 South Africa asked the government of Equatorial Guinea to release two of its citizens who’ve been detained in the country for more than a year.... →
Ramaphosa touts Israel court win in South African votes drive
7th May 2024 President Cyril Ramaphosa is capitalising on his administration’s efforts to bring an end to Israel’s war on Hamas as he seeks to draw votes in the... →
Putin sworn in for new term amid growing conflict with the West
7th May 2024 Vladimir Putin, who’s ruled Russia for the whole of the 21st century so far, was sworn in for a fifth term as president, amid renewed nuclear... →
South African youth despondency is rife ahead of vote, survey shows
7th May 2024 South Africa’s youth, a key voting constituency in this month’s elections, are less optimistic about the future of their country than their... →
Kwacha extends slump as drought worsens Zambia’s economic woes
3rd May 2024 Zambia’s currency weakened against the dollar for an 18th successive day, cementing its position as the worst performer in emerging markets since... →
The lights are on in South Africa and many people are suspicious
3rd May 2024 South Africa is enjoying a rare streak of uninterrupted electricity right before elections, drawing more suspicion than praise in a nation that’s... →
Next South African government has tough reform job, Moody’s says
3rd May 2024 South Africa may struggle to make much more progress on resolving the country’s longstanding challenges if a coalition government emerges after... →
Motsepe-backed GoSolr plans $537m South Africa expansion
2nd May 2024 GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend R10 billion to roll out a... →
Zuma's comeback is a headache for ANC
2nd May 2024 Jacob Zuma, who led South Africa for almost nine scandal-ridden years before the ruling party forced him from office, has staged a dramatic... →
Don’t count South Africa’s economy out just yet, StanChart says
30th April 2024 Investors shouldn’t dismiss South Africa over its other continental peers as it has strong institutions that can buttress its economy if it focuses... →
Zuma dispels ill-health rumors at party rally
26th April 2024 Former South African President Jacob Zuma made his first public appearance in a week as his party sought to dispel speculation that he’s ill. Zuma,... →
South Africa advised by World Bank on climate insurance, contingency fund options
24th April 2024 The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of... →
Zuma’s party wants to nationalise land, mines in South Africa
23rd April 2024 South Africa’s former President Jacob Zuma’s newly formed party vowed to nationalise land and banks, withdraw from the International Criminal Court... →
South Africa evades US censure even as it builds links to rivals
22nd April 2024 South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South,... →
SAA seeks minority partner, loans
21st April 2024 South Africa is seeking potential minority investors and access to capital markets and loan financing for South African Airways (SAA) for more... →
Goldman says South African market ‘tough’ before election
18th April 2024 South African investors are holding off on big moves before the vote next month, Goldman Sachs Group said, as the elections shape up to be the most... →
Africa’s oldest oil-rich dictatorship has a succession problem
18th April 2024 Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were... →
Zimbabwe's big businesses are losing the fight for dollars
16th April 2024 From the tiny space he rents in the central business district of Bulawayo, Zimbabwe’s second-largest city, Brian Tinotenda can look across the... →
Kenyan government plans merger of financial regulatory bodies
16th April 2024 Kenya revived plans to merge the functions of three financial industry regulatory bodies to remove overlaps and duplication, Prime Cabinet... →
Eskom mulls private, foreign options on R390-billion grid build
12th April 2024 South Africa’s State-owned power utility Eskom said it’s in talks with government ministries over private and foreign options to fund a... →
South African rates seen on hold all year amid inflation worry
11th April 2024 South Africa’s central bank won’t cut interest rates this year because of persistent inflation and there’s even a risk it could raise them, bets in... →
South Africa’s looming political shakeup has investors on edge
11th April 2024 South Africa is heading into unchartered political terrain and investors are growing increasingly anxious. The rand slumped 0.9% against the dollar... →
Rand plunges as poll shows Zuma eating into ANC’s support
10th April 2024 The rand fell from the year’s best levels after a new opinion poll showed support for the ruling African National Congress is plunging and a party... →
ANC support plunges in South African poll as Zuma party surges
10th April 2024 Support for South Africa’s ruling African National Congress is plunging and a party backed by former President Jacob Zuma may become the country’s... →
Court rules Zuma can run for Parliament in election
9th April 2024 Former President Jacob Zuma won a court bid to overturn his disqualification from running for parliament in next month’s election on the newly... →
Zimbabwe’s new currency strengthens on second day of trading
9th April 2024 Zimbabwe’s new currency, the ZiG, strengthened a day after its debut, the central bank said. The currency gained 0.2% to 13.53 per US dollar,... →
South Africa taps business to create office to end rail monopoly
8th April 2024 South Africa has asked companies to help it set up an office to facilitate the entry of private operators onto the continent’s biggest rail network... →
Eskom defends pollution record, saying it’s spending billions
8th April 2024 South Africa’s State power utility, stung by reports about the health impacts of emissions from burning coal, said it’s spending billions of... →
Zimbabwe replaces battered Dollar with unit linked to Gold, FX
5th April 2024 Zimbabwe replaced its battered dollar with a new currency backed by a basket that includes foreign currencies, gold and other precious metals, said... →
Election anxiety makes South Africa dollar bonds the worst in EM
4th April 2024 A slump in South African dollar bonds has made them the biggest laggards in developing markets this year, reflecting concern among investors that a... →
South Africa coal-plant closure delays risk thousands of deaths
3rd April 2024 Delays to the planned closures of coal-fired power plants proposed by South Africa’s energy department could result in thousands of deaths from air... →
Zimbabwe declares drought a disaster, joining Malawi and Zambia
3rd April 2024 Zimbabwe’s president declared a state of national disaster over a drought that’s curbed farm output in the southern African nation. The... →
Pro-Russia X accounts tout Zuma’s Party, CIR says
2nd April 2024 An analysis of accounts on social media platform X that have been used to promote Russian interests in South Africa are now being utilised to rally... →
