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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... →
ANC lags main rival in donation drive as South Africa vote looms
25th January 2024 The Democratic Alliance, South Africa’s main opposition party, secured more large donations than the ruling African National Congress and its other... →
South Africa won’t see radical policy shifts after election, top pollster says
23rd January 2024 This year’s elections in South Africa may be slated to be the most competitive since the end of apartheid but are unlikely to bring major change to... →
Gold riches fuel Sudan militia’s war to rule nation, UN says
22nd January 2024 Sudan’s paramilitary Rapid Support Forces (RSF) group is using large-scale proceeds from gold mining to fund its devastating war against the... →
Coal at risk of being stranded in South Africa as rail founders
19th January 2024 Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming stranded following a plunge in... →
Key African economies to hold off from rate cuts until second half of 2024
19th January 2024 African central banks due to decide on interest rates in the next three weeks are poised to maintain tight monetary policies, in contrast to their... →
Africa’s year of elections faces a pernicious enemy
16th January 2024 As far as elections go, 2024 will be the biggest global election year in history. More than 60 countries are slated to stage executive and... →
Godongwana says no imminent plan to tap reserves
16th January 2024 Finance Minister Enoch Godongwana played down the likelihood of a decision soon to tap a R497-billion contingency fund held on behalf of the... →
Godongwana warns of difficult budget next month
15th January 2024 South Africa’s finance minister warned that next month’s budget will be a “difficult one” as the nation’s ability to service its growing debt... →
US agrees preliminary deal with Africa on extending Agoa by ten years, says Patel
12th January 2024 The US has reached preliminary agreement with African nations to extend their preferential trade access by another decade, pending approval by... →
South Africa prepares Bill to form State-firm holding company
10th January 2024 South Africa’s minister of public enterprises will soon introduce a bill in parliament to establish a government firm that will own and manage at... →
African nations dominate top 10 economic growth spots in 2024
9th January 2024 Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the top-10... →
Russia seeks to unite BRICS on climate initiatives after COP28
14th December 2023 As the COP28 talks wrapped up in Dubai, one of the world’s energy heavyweights said it wants to rally a united front among a group of non-Western... →
COP28 ends with deal on transition away from fossil fuels
13th December 2023 The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president... →
South Africa seeks talks with Botswana over food ban extension
6th December 2023 The South African government has requested an urgent meeting with officials in Botswana after the neighbouring country extended a ban on fresh... →
Eskom, Sasol pollution harms children, government studies find
6th December 2023 Two studies ordered by South Africa’s government into the impact of air pollution on community and child health showed emission limits it imposed... →
Argentina won’t join Brics bloc under Milei, adviser says
1st December 2023 Argentina won’t join the China-led Brics (Brazil, Russia, India, China, and South Africa) bloc during Javier Milei’s presidency, his incoming top... →
South Africa warns others not to go from electricity to darkness
1st December 2023 One of the architects of South Africa’s groundbreaking deal with rich nations to move more quickly away from coal sounded a note of caution to... →
Presidency study urges doubling of Climate Finance
30th November 2023 South Africa needs to more than double climate financing to achieve its emissions reduction targets, according to a study by the Presidential... →
Xi is delegating more authority in China to his trusted No. 2
29th November 2023 Chinese President Xi Jinping spent his first decade in office accumulating power at the expense of the Communist Party’s No. 2 official. Now that... →
Mozambique approves $80-billion Energy Transition Strategy
27th November 2023 Mozambique’s government approved a strategy to reduce the nation’s dependence on fossil fuels that it estimates will cost $80-billion to implement... →
South Africa faces backlash over law to bolster small firms
23rd November 2023 South African industry and civil rights groups are pushing back against a draft procurement law aimed at supporting small businesses that were... →
Crime costs South Africa 10% of GDP each year, World Bank says
22nd November 2023 Rampant crime in South Africa is costing the country at least 10% of its gross domestic product annually and exacerbating already stark income... →
South Africa’s quest for energy security threatens climate goals
21st November 2023 South Africa is likely to prioritise energy security over its decarbonisation aspirations to avoid further damage to its economy, said James... →
Germany will lend South Africa €500m for energy switch
17th November 2023 Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it... →
Gas-supply cliff is South Africa’s next crisis, energy body says
17th November 2023 South Africa’s supply of natural gas is set to plunge within the next three to four years and there’s a risk of a shortfall triggering the... →
Ramokgopa is acting Finance Minister, while Godongwana on leave
14th November 2023 South Africa’s president appointed Kgosientsho Ramokgopa as acting finance minister, while Enoch Godongwana takes leave. Ramokgopa, appointed in... →
Motsoaledi denies work-permit crisis, says his department is a scapegoat
14th November 2023 Minister of Home Affairs Aaron Motsoaledi dismissed criticism that his department is causing a skills crisis in the country by failing to process... →
South Africa denies changes to farm-export rules based on race
13th November 2023 South Africa’s government rejected reports that new regulations have been introduced to restrict farm-export quotas based on race. The... →
South Africa’s climate adviser rebuts report target to be missed
9th November 2023 South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its 2030 emissions reduction... →
South Africa still weighing impact of charging Eskom interest
9th November 2023 South Africa is still assessing the effect of adding interest to a R254-billion debt relief package for state-owned Eskom Holdings as the company... →
Indebted Transnet rolls over R7bn loans for four months
8th November 2023 Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four... →
South Africa risks losing business investment over visa ‘chaos’
6th November 2023 In one of the world’s most unequal nations an acute shortage of skilled workers is restraining already tepid growth, limiting job creation and... →
US committed to ‘seamless’ Africa trade pact renewal, Tai says
3rd November 2023 The US aims to ensure that its preferential trade pact with Africa is replaced without interruption when it expires in two-year’s time, while... →
Eskom says its coal pollution kills 330 South Africans a year
2nd November 2023 State power utility Eskom Holdings said pollution from its coal-fired plants that supply more than 80% of the country’s power kills about 330... →
Tax shortfall lumps South Africa with no-good-news Budget
30th October 2023 South African Finance Minister Enoch Godongwana is in a bind as he reworks the nation’s budget in the face of lower-than-expected tax revenue and... →
Brics multilateral lender seeks its first-ever syndicated loan
25th October 2023 The multilateral lender established in 2015 by the Brics group of emerging-market countries is seeking its first-ever syndicated loan, according to... →
South Africa set to topple Nigeria to regain mantle as continent’s biggest economy
17th October 2023 South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show.... →
Embattled Transnet seeks South Africa’s support to turnaround
16th October 2023 South Africa’s embattled State-owned freight-rail and ports company identified areas that require immediate state support in a turnaround plan that... →
