Bloomberg
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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... →
Speaker loses bid to stop arrest over alleged graft
2nd April 2024 Speaker of Parliament Nosiviwe Mapisa-Nqakula lost a court bid to prevent the authorities from detaining her over allegations of corruption, and... →
Steenhuisen resists coalition with ANC
28th March 2024 The leader of South Africa’s main opposition Democratic Alliance said his party opposes forming a coalition with the ruling African National... →
South Africa has many of world’s worst air pollution sites, study says
28th March 2024 South Africa is home to many of the world’s worst emission sites for toxic nitrogen dioxide and sulfur dioxide and most of those are operated by... →
ANC dismisses rival Zuma party as a nuisance
27th March 2024 The African National Congress sees the rival Inkatha Freedom Party as a bigger electoral threat, and dismissed former President Jacob Zuma’s new... →
Zimbabwe inflation rate hits seven-month high as Finance Minister pledges to act
27th March 2024 Zimbabwean annual inflation surged to a seventh-month high, days after the finance minister pledged to address price increases that are being... →
Electoral Court rejects ANC's bid to remove Zuma's MK Party from ballot
26th March 2024 South Africa’s ruling African National Congress has lost a bid to have the uMkhonto weSizwe Party, endorsed by former ANC leader Jacob Zuma,... →
South Africa works to build US ties as lawmakers urge review
25th March 2024 South Africa’s government moved to reaffirm ties with the US as lawmakers in Washington discuss a bill that seeks to review the bilateral... →
Battered Zimbabwe currency falls past 20 000 per Dollar in official trade
22nd March 2024 In less than two months, the Zimbabwean dollar has breached another significant threshold, dropping below 20 000 against the US dollar after its... →
Ex-Steinhoff CEO Jooste death came after arrest warrant issued
22nd March 2024 Markus Jooste, the former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV who died Thursday, had been told... →
Senegal to pick new leader as it gears up for energy boom
22nd March 2024 After a tumultuous buildup, Senegalese will elect a new leader on Sunday to oversee one of the world’s fastest-growing economies and a nascent oil... →
Africa’s biggest economies set to hold interest rates as inflation risks linger
19th March 2024 Central banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two... →
South African economic hub’s water system on verge of collapse
19th March 2024 South Africa is facing the prospect of a breakdown in the water supply to its industrial heartland and most-populated region, adding to the woes of... →
US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy... →
South Africa takes next step toward opening up electricity trade
15th March 2024 South Africa moved a step closer toward creating a competitive electricity market after legislation that establishes the framework cleared another... →
South Africa’s next energy challenge: A R390-billion grid upgrade
15th March 2024 South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to... →
Africa’s biggest freight rail market set for private operators
13th March 2024 Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest... →
South Africa won’t need Electricity Minister by end of 2024
12th March 2024 Electricity Minister Kgosientsho Ramokgopa said an anticipated improvement in electricity supply should see him out of a job by the end of 2024.... →
El Niño scorches Southern Africa with driest February on record
8th March 2024 A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send... →
South Africa current account gap widens more than forecast
7th March 2024 South Africa’s current-account deficit widened more than expected in the fourth quarter of 2023, as dividend and interest payments to foreign... →
Zuma’s son dumps Dubai seeking to challenge ANC
6th March 2024 One of former President Jacob Zuma’s sons, who is known for his love of luxury cars and lavish lifestyle, has entered the political fray and... →
South African economy averts recession as mining sector rebounds
5th March 2024 South Africa’s economy escaped a technical recession in the fourth quarter as fewer rotational power cuts helped energy-intensive industries... →
Fractures in global trade deepen as WTO musters only a small win
4th March 2024 The World Trade Organization’s ability to tear down barriers to commerce, ensure stability through global accords and enforce the rules came under... →
South African researchers trawl through death records to assess coal impact
29th February 2024 South African scientists plan to examine about 8.5-million death certificates to ascertain how many people the country’s dependence on coal for... →
Gates Foundation funds African scientists searching for TB and malaria cure
28th February 2024 African scientists have received $7.2-million to find drugs that will help combat malaria and tuberculosis on the continent that’s the most... →
Treasury backs Central Bank inflation target review
23rd February 2024 National Treasury said there’s a case to be made for the central bank’s inflation target to be reviewed to improve competitiveness and given the... →
