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South Africa may exit dirty-money list by October 2025, Treasury official says
11th September 2024 South Africa should address outstanding shortcomings in tackling illicit financial flows to exit a global dirty-money list by either June or... →
National roads need over R307-billion of repairs
10th September 2024 South Africa, which already faces a heavy bill to upgrade its port, rail and electricity infrastructure, needs R307-billion to repair and improve... →
Israel strikes Gaza camp in attack Hamas says killed 40 people
10th September 2024 Israel launched a deadly airstrike on what it said was a Hamas base in a Gaza camp for displaced Palestinians, an incident likely to stoke... →
Zimbabwe’s ZiG currency hits longest losing streak against Dollar
10th September 2024 Zimbabwe’s bullion-backed currency is experiencing its longest run of losses against the dollar since it started trading on April 8. The ZiG, short... →
Germany ready to help fund R390bn South African grid revamp
6th September 2024 Germany is willing to help fund the R390-billion ($22-billion) that South Africa said it needs to incorporate more solar and wind power into the... →
Senegal’s President expected to call snap Parliamentary vote
5th September 2024 Senegal President Bassirou Diomaye Faye is expected to call fresh parliamentary elections in a bid to secure a majority and push through reforms... →
South Africa rail, power revamp hinges on ending cable theft
4th September 2024 The recovery of South Africa’s two biggest State-owned companies — beset by years of corruption and theft — relies on one common component:... →
South Africa targets China as key market for its farm produce
4th September 2024 South Africa new 10-party coalition government aims to increase agricultural exports to China, part of a drive to forge closer ties with the Asian... →
Botswana to hold general election on Oct 30, President says
3rd September 2024 Botswana will hold a general election on October 30, according to President Mokgweetsi Masisi, who will seek another term. Parties will nominate... →
South Africa asks banks, insurers for consumer education plans
3rd September 2024 A top South Africa regulator is planning to require financial institutions to unveil their plans for boosting spending on customer education as it... →
Germany seeks clarity on South Africa’s coal-closure slowdown
3rd September 2024 Germany’s climate envoy said her country is seeking clarity on South Africa’s plans to slow down the closure of its coal-fired power plants and... →
Turkey bids to join Brics in push to build alliances beyond west
2nd September 2024 Turkey has formally asked to join the Brics group of emerging-market nations as it seeks to bolster its global influence and forge new ties beyond... →
Sustained low CPI may spur South Africa rate cuts, Kganyago says
2nd September 2024 South Africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, Governor Lesetja Kganyago... →
South Africa may target air pollution in Johannesburg, Tshwane
2nd September 2024 South Africa may declare its biggest city and its capital as key areas to tackle air pollution, Patience Gwaze, the country’s national air quality... →
South Africa weighs tightening bank-disclosure laws on mortgages
27th August 2024 South Africa intends to compel banks to disclose more information about their mortgage-lending practices to boost access to home loans among... →
Briton must face South African Eskom bribery charges, court says
23rd August 2024 A British national wanted in South Africa over allegations of bribes paid in a deal struck with state-owned power utility Eskom Holdings lost a bid... →
Johannesburg weighs bond sale to help fix broken infrastructure
21st August 2024 The City of Johannesburg is considering raising as much as R2-billion of new debt to address a mounting infrastructure backlog. Newly elected Mayor... →
S Africa moving to finalise framework for private sector participation in rail and ports
20th August 2024 South Africa plans to complete a framework for private companies to use State-owned port and rail infrastructure within six months, Transport... →
Longest rally in 13 years takes S Africa rand to best in world
16th August 2024 South Africa’s rand is on a winning run not seen in 13 years. The ninth consecutive day of gains in the currency, often seen as a bellwether for... →
Zimbabwe commissions wind-energy study to help add generation
15th August 2024 Zimbabwe has commissioned a study of wind power potential in the Southern African nation as part of an effort to increase electricity generation.... →
S Africa urged to lift growth as business confidence rises
14th August 2024 South Africa’s new multi-party government has an opportunity to boost economic growth and investment, the country’s Chamber of Commerce said, as it... →
Rising prices are deepening the electricity divide in South Africa
14th August 2024 Late last year, residents of Yeoville and Bellevue — crumbling inner city areas of Johannesburg — went without power for four weeks after a... →
South Africa to align foreign policy with economic interests
13th August 2024 South Africa’s new business-friendly coalition government signalled that its foreign policy will be focused on furthering the nation’s economic... →
South Africa's infrastructure spend plans soar as energy woes ease
13th August 2024 The value of South Africa’s planned investment projects increased sharply in the first half of 2024, boosted by sustained electricity supply,... →
Botswana to cut spending on cars, travel as diamond slump persists
13th August 2024 Botswana plans to reduce spending on new vehicles and travel for government officials and may delay some capital projects to deal with a slump in... →
South Africa's coal export line will need five years to refurbish
13th August 2024 South Africa’s State-owned rail company needs $669-million and five years to upgrade equipment to revive performance of its main export coal line,... →
Private placements, carbon seen by JSE as African growth route
12th August 2024 JSE, which operates Africa’s biggest stock and bond exchanges, is looking to expand its private placement and carbon offset platforms across the... →
South Africa needs more political will to exit dirty-money list
8th August 2024 South Africa needs decisive political buy-in to ensure its exit from a global dirty-money watch list by a June deadline, a top official at the... →
South African firms seek water investments to avoid next crisis
7th August 2024 South African corporates — which have partnered with the government to revive failing transport and energy networks — are in talks with the state... →
South Africa growth at risk without infrastructure fix, S&P says
7th August 2024 South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P... →
South Africa can fix backlogged ports in a year, Ntshavheni says
7th August 2024 South Africa’s ports — ranked among the world’s worst — are improving and state-owned operator Transnet will fix them within the next 12 to 14... →
Africa’s richest city needs R221bn to fix infrastructure
6th August 2024 Johannesburg, billed as Africa’s richest city because of its concentration of businesses and millionaires, needs R221-billion to catch up on... →
South Africa still owns highly enriched uranium, report says
2nd August 2024 South Africa still has a stockpile of highly enriched uranium, Netwerk24 reported, citing Minister of Mineral and Petroleum Resources Gwede... →
Barbeque Index shows South African food inflation fell in July
1st August 2024 The falling price of pap — a beloved South African cornmeal dish that forms part of a township shisanyama barbecue — is good news for the central... →
South Africa showcases some success in fighting crime scourge
1st August 2024 Law-enforcement agencies have made major progress in tackling South Africa’s crime scourge, busting a number of gangs and seizing thousands of... →
South Africa factory mood leaps as political uncertainty clears
1st August 2024 South African manufacturers’ sentiment improved more than expected in July as political uncertainty cleared after the formation of a centrist... →
South Africa to publish proposed new financial rules by year end
1st August 2024 South Africa’s National Treasury said it is close to finalising long-awaited changes to the nation’s financial markets regulations, and plans to... →
SARB to finish R100bn transfer to Treasury soon
30th July 2024 The South African Reserve Bank (SARB) will complete the transfer of R100-billion of profits on the nation’s gold and foreign-exchange reserves to... →
South Africa revival needs reform jumpstart, business lobby says
25th July 2024 South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to... →
South African inflation slows as food and transport costs cool
24th July 2024 South Africa’s inflation rate slowed slightly in June, touching a six-month low and potentially encouraging the central bank to consider cutting... →
African nations turn to gold to protect against currency losses
24th July 2024 African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned... →
