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Brics Bank to expand membership as Saudi Arabia looks to join
30th May 2023 The New Development Bank, the lender created by the Brics group of nations, will widen its membership as it seeks to boost its capital and counter... →
South Africa paves way for immunity for BRICS Summit attendees
30th May 2023 South Africa’s government will provide diplomatic immunity to attendees of two meetings of officials from the BRICS group of countries scheduled to... →
SARB sounds the alarm on threat of sanctions
30th May 2023 The South African Reserve Bank (SARB) has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of... →
South Africa weighs extending lives of larger coal power plants
24th May 2023 South Africa is considering extending the lives of some of its biggest coal-fired power plants as the government seeks to bolster the country’s... →
Blackouts may cause South Africa’s ANC to lose 24% of its voters, poll shows
24th May 2023 South Africa’s ruling party risks losing almost a quarter of its support unless it brings the country’s worst power crisis to an end ahead of... →
Theft disrupts rail line serving Durban port
24th May 2023 The rail line running from Africa’s biggest container port to South Africa’s richest province ran at 25% of its capacity over the past week because... →
DA pleads for market access as US ties fray
23rd May 2023 South Africa’s biggest opposition party is lobbying US lawmakers in a bid to preserve the country’s duty-free access to the world’s biggest economy... →
Eskom latest: Fuel costs for Netcare; Astral Foods skips payout
22nd May 2023 South Africa’s largest private health-care network expects diesel costs to more than quadruple to R165-million this year as it runs generators to... →
Karpowership has mooring rights for three South African ports
19th May 2023 Karpowership, the Turkish company seeking to supply electricity to South Africa, secured government permission to moor its ship-mounted power... →
African central banks poised to hold rates as inflation softens
17th May 2023 Most African central banks due to decide on interest rates in the next two weeks are set to keep them on hold as decades-high inflation eases after... →
Mashatile to meet CEOs amid investment strike
12th May 2023 Deputy President Paul Mashatile is set to meet captains of industry amid an energy crisis that’s stifling economic growth and souring investor... →
South Africa urges careful debate on option of introducing Brics common currency
11th May 2023 The Brics group of nations will discuss the feasibility of introducing a common currency and shouldn’t rush any decision, according to South... →
Eskom Head in China as South Africa grapples with acute outages
10th May 2023 Eskom’s acting chief executive officer travelled to China, as the South African State-owned utility implements record power cuts that are hobbling... →
Russian Twitter drive has Zuma daughter at center, study claims
10th May 2023 A daughter of South Africa’s former President Jacob Zuma has been placed at the center of a Russia-backed Twitter campaign to bolster support for... →
Rampant corruption at Eskom drags down South Africa
8th May 2023 On a late Thursday afternoon last November, in the midst of rolling blackouts implemented by South Africa’s state-owned electricity company, a... →
Complaint against Karpowership consultants dismissed by DFFE
3rd May 2023 South Africa’s environment ministry dismissed a complaint by a nonprofit against Karpowership’s plan to moor a ship-mounted power plant off the... →
SARB to adjust interest-rate modeling tool
26th April 2023 South Africa’s central bank will probably introduce a raft of changes to modeling that informs monetary policy decisions, including a measure to... →
South Africa weighs mega renewable-energy tender to curb outages
25th April 2023 Electricity Minister Kgosientsho Ramokgopa proposed a “mega bid window” for the procurement of renewable energy to curb rolling blackouts, even as... →
Ramokgopa to fight outages with diesel
25th April 2023 South Africa’s electricity minister proposed a plan to stave off deeper power cuts by increasing the use of diesel turbines along with building... →
The rich world’s plan to help developing countries go green is floundering
25th April 2023 It was meant to be the climate justice blueprint, the deal that showed how rich countries could help developing economies end their reliance on... →
Ramaphosa affirms climate goal amid coal push
20th April 2023 South African President Cyril Ramaphosa pledged to meet the nation’s net-zero carbon emission target despite a push to keep coal-fired power plants... →
Eskom’s plan to bypass pollution controls could kill hundreds, study shows
19th April 2023 A plan by South Africa’s state power utility to circumvent pollution controls at one of its two biggest coal-fired plants to enable it to bolster... →
Japan invites African Union to G7 Summit, excludes South Africa
17th April 2023 Japan’s government invited the African Union to the forthcoming G7 summit and excluded regular attendee South Africa. Comoros President Azali... →
Eskom’s biggest union demands 15% wage hike as power cuts worsen
13th April 2023 The biggest labour union at South Africa’s Eskom Holdings wants a 15% wage increase even as the utility fails to generate adequate electricity to... →
Moody’s says food shocks deepen risks for Africa’s bondholders
13th April 2023 Food insecurity shocks are threatening to exacerbate critical debt woes in Sub-Saharan Africa, just as it’s on the hook to repay record amounts of... →
Chinese naval surveillance ship docks in South African port
5th April 2023 A Chinese surveillance ship that can track rocket and spacecraft launches was docked at the eastern port of Durban this week, less than two months... →
DA reelects Steenhuisen as leader
3rd April 2023 John Steenhuisen won reelection as leader of South Africa’s biggest opposition party, the Democratic Alliance (DA), according to a DA statement.... →
Guptas wanted in South Africa submit bids for asylum – reports
31st March 2023 Atul and Rajesh Gupta, who are wanted by South African authorities on charges of money laundering and fraud, applied for asylum in two other... →
South Africa urges UAE to provide update on Gupta extradition
30th March 2023 South Africa’s government expressed concern that the United Arab Emirates has yet to provide an update on a request to extradite Atul and Rajesh... →
O’Neill urges Brics bloc to expand, challenge dollar’s dominance
29th March 2023 Jim O’Neill, the former Goldman Sachs Group chief economist who coined the acronym Bric, said the bloc of nations that later adopted the name... →
IMF pares South Africa economic growth forecast, urges reforms
23rd March 2023 South Africa must implement reforms to boost private-sector investment, promote good governance and improve the efficiency of public spending to... →
Bank crisis, sticky inflation to spur rate hikes in Africa’s biggest economies
20th March 2023 Central banks in Africa’s biggest economies are poised to raise interest rates this month to contain sticky inflation and deter a selloff in their... →
Outages fuel voter antipathy to South Africa’s ANC, poll shows
15th March 2023 More than half of South African taxpayers want to vote the governing party out of power in next year’s elections because of rolling blackouts, a... →
South Africa has plans in place to safeguard food supply amid power crisis
15th March 2023 South Africa’s government has contingency plans in place to safeguard key food-production facilities against an escalation in power cuts that are... →
Karpowership appeal fails, deepening South Africa's power crisis
8th March 2023 Karpowership, the Turkish company seeking to supply 1 220 MW of electricity to South Africa, had one of three appeals against adverse environmental... →
Eskom will miss target to boost power output from coal plants
7th March 2023 State power utility Eskom will miss a target to boost output from struggling coal-fired plants by the end of March, highlighting the poor state of... →
Patel named lawmaker before Cabinet revamp
6th March 2023 South Africa’s trade minister has been appointed as a lawmaker, giving President Cyril Ramaphosa more flexibility when it comes to revamping his... →
FirstRand CEO slams South Africa’s ‘foolhardy’ ties with Russia
2nd March 2023 South Africa’s banking industry faces a “profound geopolitical risk” from the government’s close ties with Russia, according to the head of... →
De Ruyter warned WCape's Winde to be independent of Eskom soon, 'there's big trouble ahead'
2nd March 2023 South Africa’s only opposition-led province plans to facilitate the construction of almost 6 GW of power generation capacity to counter nationwide... →
Eskom quietly deepens power cuts to unprecedented level
22nd February 2023 South Africa’s struggling State-owned utility Eskom Holdings appears to have reached an unprecedented level of power cuts, indicated late Tuesday... →
Eskom debt albatross hangs over South Africa’s plans to stabilise budget
20th February 2023 Finance Minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for the stricken state power utility in the national... →
