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Kganyago welcomes Godongwana's reappointment as Finance Minister
2nd July 2024 South African central bank Governor Lesetja Kganyago welcomed the reappointment of Finance Minister Enoch Godongwana in the new coalition cabinet... →
Modi is shoring up Russia ties as Putin deepens China embrace
2nd July 2024 Worried by deepening China-Russia relations, Indian Prime Minister Narendra Modi is heading to Moscow next week for talks with President Vladimir... →
South Africa expected business conditions surge to two-year high
1st July 2024 An index tracking expected business conditions in six months’ time for the South African manufacturing industry jumped to the highest level since... →
Happening in Parliament this week
1st July 2024 Parliament will conduct an induction programme for new Members of Parliament from Tuesday to Thursday. The induction will cover various topics,... →
South Africa opposition makes debut in Ramaphosa’s unity Cabinet
30th June 2024 South African President Cyril Ramaphosa announced his new Cabinet, allocating ministerial posts to opposition politicians while retaining close... →
Xi calls for Global South to play bigger role on world stage
28th June 2024 Chinese leader Xi Jinping called for the Global South to have a greater say in international affairs, stepping up his efforts to challenge the... →
South Africa nears completion of new government; Rand rallies
28th June 2024 South Africa is close to concluding discussions on forming a new government, the African National Congress said. The rand jumped. “Almost done with... →
Cabinet talks stall after ANC withdraws trade offer
27th June 2024 Talks between South Africa’s two biggest political parties on forming a cabinet stalled after the African National Congress withdrew an offer to... →
Rand resumes losses as South Africa Cabinet delay fuels angst
27th June 2024 South Africa’s currency fell the most in emerging markets Thursday, leading a selloff in the nation’s assets, amid growing anxiety over delays to... →
South Africa achieves first primary budget surplus in 15 years
27th June 2024 South Africa achieved its first primary budget surplus in 15 years as it took a stern approach to funding State-owned companies that have drained... →
Radioactive device on rhino horns rolled out to fight poaching
26th June 2024 Beckham, a 1.7 tt rhino named after the English footballer, on Tuesday had a radioactive pellet drilled into his horn as a program to discourage... →
South Africa risks losing billions pledged for climate finance
25th June 2024 South Africa is risking a $9.3-billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by... →
More Asian nations want to join Putin, Xi in expanded BRICS
21st June 2024 As Russian President Vladimir Putin and Chinese Premier Li Qiang wrapped up separate meetings in Southeast Asia this week, the two partners in the... →
Eskom wins South African appeal to keep five polluting power plants open
20th June 2024 South Africa’s State power utility and biggest source of air pollution won an appeal to keep five of its oldest plants open even though they are... →
South Africa sets target for resuming global rhino-horn trade
19th June 2024 South Africa, where 79% of the world’s rhinos live, said it aims to come up with a plan by the end of 2030 to dismantle an almost half-century ban... →
New government partners poised for Cabinet battle
18th June 2024 South African political parties that last week agreed to form a governing alliance are limbering up for a tussle over cabinet positions, as... →
Malaysia is planning to join Brics, Anwar says ahead of Li visit
18th June 2024 Malaysian Prime Minister Anwar Ibrahim said that the Southeast Asian nation will join the Brics economic bloc, becoming the latest country to take... →
Lesufi re-elected Gauteng Premier with DA support
14th June 2024 Lawmakers in South Africa’s Gauteng province, the nation’s economic hub, re-elected the African National Congress’s Panyaza Lesufi as Premier of... →
Markets cheer South Africa’s move to broad government alliance
14th June 2024 South African stocks rallied and the rand gained, defying the global selloff in risk assets, as investors cheered an agreement between rival... →
Transnet to boost rail for VW, other automakers
14th June 2024 Transnet said it’s in talks to run additional trains between a port in Gqeberha in the Eastern Cape province and the country’s commercial hub of... →
Ukraine struggles to court Global South ahead of Swiss summit
14th June 2024 Brazilian President Luiz Inacio Lula da Silva stopped off in Switzerland on Thursday. He won’t be returning for a summit on Ukraine 48 hours later.... →
South African parties agree to reelect Ramaphosa as President
14th June 2024 South African political parties that support a broad alliance to form the next government agreed to back the reelection of Cyril Ramaphosa as... →
Ramaphosa key to dealing with ‘off-the-charts’ South Africa risk
13th June 2024 President Cyril Ramaphosa is key to handling political risk that’s “off the charts” in the nation after a vote last month failed to hand any party... →
South Africa edges closer to new government on eve of key vote
13th June 2024 South Africa’s biggest political rivals are close to clinching a deal to form a new government on the eve of the election of the nation’s... →
Solar installations slow in South Africa after blackouts ease
12th June 2024 Repairs to South Africa’s coal-fired stations that have helped the State power utility avoid debilitating blackouts for three months straight is... →
Rand gains as investors bet Zuma is out, DA in for coalition government
4th June 2024 South African assets are rebounding, fuelled by investor hopes that the country will emerge from the next 13 days of coalition talks with a... →
Unions adamant Ramaphosa must retain Presidency
3rd June 2024 South Africa’s most powerful labour union federation, which is allied with the African National Congress, said any coalition deal struck by the... →
South Africa’s post-election wrangling leaves investors in limbo
3rd June 2024 Investors braced for further upheaval in South Africa’s financial markets in the wake of last week’s elections that produced no outright winner,... →
Hope and angst grip South African markets as coalition era dawns
31st May 2024 Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and... →
South Africa to stay course on rates amid election noise
30th May 2024 South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day... →
South Africa's election poses risks to economy that is finally on the mend
27th May 2024 South Africa is on the verge of an economic turnaround after years of stagnation. This week’s election puts that at risk. Opinion polls show the... →
Adnoc, Aramco said to mull bids for Shell South Africa assets
24th May 2024 Abu Dhabi National Oil and Saudi Arabia’s state oil producer Aramco are among companies weighing bids for Shell’s downstream assets in South... →
Crime, corruption keep South Africa’s S&P rating in check
24th May 2024 S&P Global Ratings said it is closely monitoring the outcome of South Africa’s elections next week and subsequent government policies to address... →
South Africa refiles work-permit changes to create nomad visa
22nd May 2024 South Africa’s Department of Home Affairs refiled long-awaited changes to its work-permit regime to allow for the creation of a so-called nomad... →
Eskom extends coal plants’ lives to protect South Africa grid
21st May 2024 South Africa’s state-owned power utility Eskom needs to run some coal-fired plants for longer than their planned retirement deadlines to avoid... →
Zimbabwe asks miners to ramp up gold output to support ZiG currency
21st May 2024 Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining... →
Zimbabwe to start gold-tracing system in bid to curb smuggling
21st May 2024 Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop... →
Reserve Bank warns carbon taxes may cut exports by 10%
21st May 2024 South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the... →
South Africa rides a wave of investor cash before the election
20th May 2024 The most pivotal South African election in decades is already turning the tide of the country’s financial markets. Money has been pouring into the... →
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.... →
