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Namibia says it needs up to $1.4bn for water security
16th October 2024 Namibia requires as much as N$25-billion ($1.4-billion) over the next decade to fulfil water-security requirements, its water minister said. The... →
Global public debt to hit $100tr by end of 2024, IMF Says
15th October 2024 Global public debt is set to reach $100-trillion, or 93% of global gross domestic product, by the end of this year, driven by the US and China,... →
South Africa’s rising fuel imports cause supply shortage risk
14th October 2024 South Africa’s rapid switch to become a net importer of fuel creates supply risks requiring infrastructure to store and transport the fuel,... →
Worst southern Africa food crisis risks being forgotten, UN says
11th October 2024 Southern Africa is struggling to get attention from donors for its worst food crisis yet because of disasters elsewhere and multiple conflicts, the... →
South Africa power-line rollout set to spur bond market revival
11th October 2024 A multibillion-dollar plan to expand South Africa’s electricity transmission network could throw a lifeline to the country’s corporate bond market... →
Kganyago sees South African inflation dip creating policy space
10th October 2024 South African Reserve Bank Governor Lesetja Kganyago said inflation could fall below 4% in coming months, creating more room for action after... →
Zambia will own some mining permits after mapping exercise
10th October 2024 Zambia’s government intends to keep ownership of some mining licenCes that are shown to be promising by an ongoing mapping exercise and invite... →
Project dearth slows South Africa’s $9.3bn coal exit plan
9th October 2024 The implementation of a $9.3-billion climate-finance pact between South Africa and some of the world’s richest nations has been slowed by an... →
South Africa publishes visa reforms aimed at attracting skills
9th October 2024 South Africa’s government published a series of reforms of the nation’s work-visa regulations that are aimed at attracting more professionals to... →
France nears disbursement of second climate loan to South Africa
9th October 2024 France is nearing the disbursement of a second loan to South Africa’s Treasury under the Just Energy Transition Partnership programme. “We are in... →
Israel defense chief to head to US as response to Iran looms
8th October 2024 Israel’s defense minister is traveling to Washington soon as the country continues to weigh how to respond to an Iranian missile attack and the US... →
South African antitrust body faults grocers over high food costs
8th October 2024 South African food producers and retailers have been slow to pass on the effects of declining cost pressures to cash-strapped consumers, an issue... →
South Africa plans insurance vehicle for infrastructure projects
4th October 2024 South Africa is launching a credit-guarantee facility to boost private sector involvement in the country’s ambitious infrastructure investment... →
South Africa fires up diesel turbines to keep power cuts at bay
4th October 2024 Eskom has been using diesel-fuelled auxiliary turbines extensively to stave off power cuts in South Africa following delays in restoring some... →
Rich back South African coalition government, SRF survey shows
3rd October 2024 The formation of a business-friendly coalition government in South Africa has won the support of the majority of citizens, with the richest most... →
South African CEOs see ‘green shoots’ as economic mood improves
2nd October 2024 Sentiment about South Africa has improved since the formation of a coalition government but the nation needs to be cautious about complacency,... →
South Africa’s reforms in spotlight as nation woos investors
2nd October 2024 South Africa will need to expedite reforms that can boost economic growth to sustain investor inflows that have flooded in since the formation of a... →
Kenya inflation slows to 12-year low in September on food prices
2nd October 2024 Kenya’s annual inflation eased in September to the slowest pace in almost 12 years, helped by weaker growth in food and energy prices. Consumer... →
South Africa courts UK investors to fund infrastructure plans
1st October 2024 South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private... →
Rwanda confirms 27 cases of Marburg virus disease, nine deaths
1st October 2024 Rwanda has reported nine deaths from its first-ever Marburg virus outbreak and confirmed 18 patients are in isolation, according to its health... →
Israeli troops move into Lebanon, extending fight with Hezbollah
1st October 2024 Israel sent soldiers into southern Lebanon, escalating its weeks-long campaign to degrade the Hezbollah militant group, and raising the risks of a... →
Mashatile sees South Africa's growth accelerating in 2025
30th September 2024 Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new... →
Zimbabwe’s Gold-backed ZiG weakens further after devaluation
30th September 2024 Zimbabwe’s Gold-backed currency weakened further against the dollar on Monday after a 43% devaluation on September 27. The ZiG, short for Zimbabwe... →
Eskom price-hike request promises bond gains and customer strain
26th September 2024 South Africa’s Eskom Holdings is seeking a jumbo electricity price hike, spelling good news for its creditors but pain for customers and possible... →
South Africa household wealth rises to highest level in a year
26th September 2024 South Africa’s household wealth rose in the second quarter as an increase in the market value of their assets outstripped that of their liabilities... →
South Africa’s coalition government triggers wave of investment
23rd September 2024 The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not... →
NHI is unworkable without private-sector inclusion – Discovery's Adrian Gore
20th September 2024 Discovery, South Africa’s biggest health-insurance provider, is cautiously optimistic that the government and business can find solutions to... →
Economists split on how deep South Africa’s easing cycle will be
20th September 2024 South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis... →
A $90bn World Bank plan to electrify Africa gets under way
20th September 2024 A plan to bring electricity to 300-million Africans by 2030, backed by an initial pledge of $30-billion from the World Bank and the African... →
Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible... →
South Africa seen sticking to modest rate cut despite Fed cut
19th September 2024 The South African Reserve Bank (SARB) will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight... →
Rand gains with SARB poised for first rate cut in four years
19th September 2024 The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its... →
South African Treasury to coax funds to invest in infrastructure
18th September 2024 South Africa’s National Treasury is working on measures to encourage private investment in infrastructure projects, an initiative it hopes will... →
Bill Gates turns to cows milk and gut bacteria in $3tr nutrition fight
17th September 2024 Bill Gates says world leaders must step up the fight against a worsening child nutrition crisis that’s causing trillions of dollars in economic... →
Africa’s largest economies to change course on rates for first time in years
17th September 2024 Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in... →
South Africa’s work visa reform plans slowed by tax issues
16th September 2024 South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad visa for remote... →
Bezos-backed group to prepare South African grids for investment
16th September 2024 A global organisation backed by Amazon Founder Jeff Bezos’ climate and biodiversity fund said it’s setting up a programme to attract investment... →
South Africa told by Germany its energy transition too slow
13th September 2024 South Africa has been told that the pace of its energy transition is too slow by a key funder, Germany, Environment Minister, Dion George, said.... →
Pravin Gordhan dies at 75
13th September 2024 Pravin Gordhan, who held three positions in South Africa’s cabinet and won plaudits for standing up to Jacob Zuma during his scandal-marred... →
Transnet breaches loan terms again as debt weighs on investment
11th September 2024 Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s... →
South Africa rejects civil-servant pay demand, offers 3% raise
11th September 2024 The South African government rejected a demand by public-sector workers for a 12% pay increase, saying it’s unaffordable. Instead, the state... →
