Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
Moderna gives WHO’s mRNA Hub some help, Pfizer snubs request
19th September 2022 Moderna has allowed its Covid-19 vaccine to be used in a World Health Organization effort to develop mRNA shots that would increase production and... →
Ramaphosa races home as South African energy crisis escalates
19th September 2022 South Africa is teetering on the brink of its most severe power cuts yet, just two months after the government announced emergency measures to try... →
Eskom CEO sees South African gas as key in transition from coal
16th September 2022 South Africa’s State power utility Eskom favours burning more domestically sourced gas as it transitions away from coal, its Chief Executive... →
South Africa needs R500bn to end blackouts, Intellidex says
16th September 2022 South Africa will require R500-billion in private investment to end power cuts that are stalling economic growth by the start of 2025, said Peter... →
South Africa lays out climate demands to rich polluters ahead of COP27
15th September 2022 Developing nations expect rich countries to commit more funding to adapt to global warming and a financing mechanism to help them cope with natural... →
South Africa suffers 100th day of power blackouts this year
14th September 2022 South Africa’s State-owned power utility has implemented power cuts on 100 days in 2022, with more to come. Eskom Holdings ramped up outages to... →
Eskom restarts sale process for R9bn home-loan book
9th September 2022 South Africa’s indebted power utility Eskom Holdings restarted the sale of its mortgage unit, one of many measures the utility is taking to... →
Jobs and corruption are biggest concern for South African youth
8th September 2022 South African youth named unemployment and government corruption as their biggest concerns, according to a survey. The worries of the 18 to... →
South Africa consumers remain bleak over rising inflation, rates
8th September 2022 South African consumer confidence remained in the doldrums in the third quarter, weighed down by rising inflationary pressures and lending costs. A... →
South African current account posts shock deficit on dividends
8th September 2022 South Africa’s current-account unexpectedly swung to a deficit in the second quarter as imports outweighed exports and companies paid higher... →
Government concerned about GDP data after outages
5th September 2022 South Africa’s government is concerned about the impact that power outages had on the economy in the second quarter, as the nation’s statistics... →
Europe’s crisis shows value of coal – Mantashe
1st September 2022 South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of rolling blackouts, pointing to Europe’s... →
A plan for a new State power company takes shape in South Africa
31st August 2022 South Africa is forging ahead with a plan to create a new State-owned power company by converting three coal-fired plants into gas-burning... →
South Africa seeks to curb immigration, plans policy revamp
25th August 2022 South Africa plans to end most special permits for foreigners as it revamps its immigration policies to manage an influx of economic migrants. The... →
China to waive some Africa loans, offer $10bn in IMF funds
23rd August 2022 China, the largest government creditor to emerging economies, said it will forgive 23 interest-free loans to 17 African countries and redirect... →
South African town councils owed Eskom R49.1bn by end-July
19th August 2022 South African municipalities’ debt to state-owned power utility Eskom Holdings rose almost 10% since March to R49.1-billion by the end of July,... →
Kganyago warns South Africa of grey list fallout
18th August 2022 South Africa’s central bank governor urged authorities to take urgent action to prevent the nation’s being added on a global watchdog’s “grey list”... →
Biggest South African city seeks power supply from private firms
16th August 2022 Johannesburg’s municipality intends buying 500 megawatts of electricity from independent producers to help avert ongoing power outages in South... →
South Africa government, business agree new push for growth pact
12th August 2022 South Africa’s government, labour unions and business representatives agreed to form working groups that will aim to find agreement on a plan for... →
Forgotten Zimbabwe city of Bulawayo gets a dam as elections loom
4th August 2022 A $42-million dam a century in the making could end water shortages for more than half a million Zimbabweans -- and win votes for the ruling party... →
Godongwana says Central Bank mandate enough to foster job growth
1st August 2022 Finance Minister Enoch Godongwana said the central bank’s constitutional mandate to maintain price stability is sufficient to foster job creation,... →
South Africa set to take over part of Eskom’s R396bn debt
28th July 2022 South Africa’s Treasury is finalising a plan to take over a portion of Eskom Holdings' R396-billion debt as part of a process to place the... →
More hawkish central bank no quick fix for South Africa’s Rand
22nd July 2022 South Africa’s Reserve Bank has tightened policy five times in a row, with a magnitude of rate hikes not seen in two decades. That hasn’t done much... →
South Africa wants to start accessing climate funds next year
21st July 2022 South Africa’s government wants to start accessing some of the $8.5-billion in climate financing pledged by some of the world’s richest nations by... →
Roaring inflation, weak currencies to spur rate hikes in Africa
19th July 2022 African central banks are escalating their fight against blistering inflation and currency weakness, with four out of six monetary policy... →
Indonesia as G20 host pushes for African Union representation
18th July 2022 Indonesia will push the Group of 20 as this year’s host to include the African Union (AU) to ensure the plight and concerns of the continent would... →
Energy crisis may spur South Africa to allow more private power
15th July 2022 South Africa is considering more than doubling the amount private power producers can generate without requiring a license in a bid to reduce... →
South Africa weighs changing Covid grant rules to include more people
15th July 2022 South Africa proposed almost doubling the maximum income threshold for poor people to qualify for a monthly stipend to ensure more people have... →
SAA sale part of vital reforms, Gordhan says
13th July 2022 South Africa’s minister in charge of embattled State-owned companies gave an impassioned defense of the sale of a majority stake in the national... →
South African inflation bets at 2016 high fail to spur rate pricing
12th July 2022 Inflation expectations in South Africa surged to a six-year high, but simultaneous worries about growth prevented traders from wagering on a... →
South Africa wants to create 2m jobs before 2024 election
12th July 2022 South African Labour Minister Thulas Nxesi wants to add as many as two-million new jobs before the next elections as the nation grapples with one... →
Eskom offers workers 7% increase after illegal protests
29th June 2022 Eskom Holdings is offering workers a 7% wage increase, after the utility lost units during illegal protests that plunged South Africa into the... →
Eskom says most workers at power plants, still sporadic protests
27th June 2022 South Africa’s power utility said most of its workforce is in place, despite some ongoing demonstrations that started last week after a breakdown... →
UK to guarantee $2bn of AfDB debt to boost climate fight
27th June 2022 The UK has agreed to guarantee $2-billion of the debt the African Development Bank has extended to governments on the continent, allowing the... →
Eskom says workers protest at some plants
23rd June 2022 Tensions are rising at Eskom, with the struggling South African electricity supplier confirming protests at a number of power plants following a... →
Faced with government ineptitude, Cape Town is going it alone
17th June 2022 As South Africa’s government struggles to provide sufficient electricity, public transport and other basic services, the country’s main tourist... →
South Africa to oppose bail for Guptas, Justice Minister says
13th June 2022 South Africa will oppose any request for bail made by the two Gupta brothers after their arrest in Dubai this month, Justice Minister Ronald Lamola... →
Eskom’s wage talks raise unions’ ire as dialogue hits stalemate
10th June 2022 Talks between South Africa’s beleaguered power utility Eskom and its biggest labour unions on wages have reached a stalemate, the latest crisis for... →
Eskom to transfer R39.9bn loan to transmission unit
10th June 2022 Eskom Holdings said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can... →
Pfizer protects against Omicron sublineages, Discovery says
8th June 2022 Pfizer and BioNTech’s Covid-19 vaccine appears to largely prevent severe disease from the coronavirus omicron variants sublineages BA.4 and BA.5, a... →
South Africa to file Gupta extradition request within 60 days
8th June 2022 South Africa’s government plans to file a request with the United Arab Emirates for the extradition of two fugitive businessmen wanted on charges... →
