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South Africa's election poses risks to economy that is finally on the mend

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

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... 

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South Africa refiles work-permit changes to create nomad visa

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

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

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

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%

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

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

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

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.... 

ANC seen avoiding populist partners post election

ANC seen avoiding populist partners post election

15th May 2024 South Africa’s ruling African National Congress is likely to win 44.8% of the vote in this month’s national election and will be loath to invite... 

Plunging currencies, El Niño to delay rate cuts in African economies

Plunging currencies, El Niño to delay rate cuts in African economies

15th May 2024 Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and... 

Mantashe warms to Anglo plan after opposing BHP bid

Mantashe warms to Anglo plan after opposing BHP bid

14th May 2024 South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major... 

Zimbabwe hypes new gold-backed currency in search for investment

10th May 2024 Zimbabwe is making a fresh push to lure foreign capital and is using its new gold-backed currency to persuade investors it won’t repeat mistakes... 

Putin renews nuclear threats against West at military parade

Putin renews nuclear threats against West at military parade

9th May 2024 Russian President Vladimir Putin warned the West against threatening Russia as he pursues his invasion of Ukraine and revived his nuclear... 

South Africa to provide new coal-plant closure timeline to secure secure $2.6bn

South Africa to provide new coal-plant closure timeline to secure secure $2.6bn

8th May 2024 South Africa will provide a new timeline for the shutdown of coal-fired power plants in a bid to secure about $2.5-billion in climate finance, an... 

South Africa asks Equatorial Guinea to release jailed engineers

South Africa asks Equatorial Guinea to release jailed engineers

7th May 2024 South Africa asked the government of Equatorial Guinea to release two of its citizens who’ve been detained in the country for more than a year.... 

Ramaphosa touts Israel court win in South African votes drive

Ramaphosa touts Israel court win in South African votes drive

7th May 2024 President Cyril Ramaphosa is capitalising on his administration’s efforts to bring an end to Israel’s war on Hamas as he seeks to draw votes in the... 

Putin sworn in for new term amid growing conflict with the West

Putin sworn in for new term amid growing conflict with the West

7th May 2024 Vladimir Putin, who’s ruled Russia for the whole of the 21st century so far, was sworn in for a fifth term as president, amid renewed nuclear... 

South African youth despondency is rife ahead of vote, survey shows

South African youth despondency is rife ahead of vote, survey shows

7th May 2024 South Africa’s youth, a key voting constituency in this month’s elections, are less optimistic about the future of their country than their... 

Kwacha extends slump as drought worsens Zambia’s economic woes

Kwacha extends slump as drought worsens Zambia’s economic woes

3rd May 2024 Zambia’s currency weakened against the dollar for an 18th successive day, cementing its position as the worst performer in emerging markets since... 

The lights are on in South Africa and many people are suspicious

The lights are on in South Africa and many people are suspicious

3rd May 2024 South Africa is enjoying a rare streak of uninterrupted electricity right before elections, drawing more suspicion than praise in a nation that’s... 

Next South African government has tough reform job, Moody’s says

Next South African government has tough reform job, Moody’s says

3rd May 2024 South Africa may struggle to make much more progress on resolving the country’s longstanding challenges if a coalition government emerges after... 

Motsepe-backed GoSolr plans $537m South Africa expansion

Motsepe-backed GoSolr plans $537m South Africa expansion

2nd May 2024 GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend R10 billion to roll out a... 

Zuma's comeback is a headache for ANC

Zuma's comeback is a headache for ANC

2nd May 2024 Jacob Zuma, who led South Africa for almost nine scandal-ridden years before the ruling party forced him from office, has staged a dramatic... 

Don’t count South Africa’s economy out just yet, StanChart says

Don’t count South Africa’s economy out just yet, StanChart says

30th April 2024 Investors shouldn’t dismiss South Africa over its other continental peers as it has strong institutions that can buttress its economy if it focuses... 

Zuma dispels ill-health rumors at party rally

Zuma dispels ill-health rumors at party rally

26th April 2024 Former South African President Jacob Zuma made his first public appearance in a week as his party sought to dispel speculation that he’s ill. Zuma,... 

South Africa advised by World Bank on climate insurance, contingency fund options

South Africa advised by World Bank on climate insurance, contingency fund options

24th April 2024 The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of... 

Zuma’s party wants to nationalise land, mines in South Africa

Zuma’s party wants to nationalise land, mines in South Africa

23rd April 2024 South Africa’s former President Jacob Zuma’s newly formed party vowed to nationalise land and banks, withdraw from the International Criminal Court... 

South Africa evades US censure even as it builds links to rivals

South Africa evades US censure even as it builds links to rivals

22nd April 2024 South Africa is playing all sides when it comes to foreign policy as the country seeks to position itself as a leading voice of the Global South,... 

SAA seeks minority partner, loans

SAA seeks minority partner, loans

21st April 2024 South Africa is seeking potential minority investors and access to capital markets and loan financing for South African Airways (SAA) for more... 

Goldman says South African market ‘tough’ before election

Goldman says South African market ‘tough’ before election

18th April 2024 South African investors are holding off on big moves before the vote next month, Goldman Sachs Group said, as the elections shape up to be the most... 

Africa’s oldest oil-rich dictatorship has a succession problem

Africa’s oldest oil-rich dictatorship has a succession problem

18th April 2024 Two South African engineers working in Equatorial Guinea’s offshore oil fields were preparing to return home in February 2023 when they were... 

Zimbabwe's big businesses are losing the fight for dollars

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

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

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

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

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

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

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... 

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