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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... →
Fix South Africa or face Arab Spring-like revolt, lobbyist warns
17th February 2023 South Africa will face protests similar to those that toppled governments in Tunisia and Egypt in 2011 unless it fixes broken infrastructure, curbs... →
Ramaphosa will hold off on Cabinet reshuffle until after budget
15th February 2023 President Cyril Ramaphosa will hold off on reshuffling his executive until after the presentation of the annual budget next week, according to... →
BRICS debates expansion as Iran, Saudi Arabia seek entry
15th February 2023 The BRICS group of nations plans to decide this year whether to admit new members and what criteria they would have to meet, with Iran and Saudi... →
South Africa declares national state of disaster over floods
14th February 2023 South Africa declared a state of disaster so the government can accelerate its response to widespread floods and free up funds for assisting with... →
Eskom seeks permission to pollute more
13th February 2023 South Africa’s Eskom, already named as the world’s biggest sulphur dioxide emitter, is seeking approval to release more of the pollutant linked to... →
Rand pays price for nation’s energy crisis
10th February 2023 The Eskom risk premium is in full force for South Africa’s rand. The currency of Africa’s most industrialised economy is headed for a fourth weekly... →
What to watch for in Ramaphosa’s keynote address
9th February 2023 South African President Cyril Ramaphosa will deliver his seventh state of the nation address on Thursday at a parlous juncture in his tenure. An... →
South African capital spending plunges 37% on State pullback
8th February 2023 Planned spending on capital projects in South Africa plunged 37% last year as the state scaled back expenditure, and the downswing is likely to... →
Eskom’s survival depends on debt relief and tariffs, CEO says
7th February 2023 Eskom needs debt relief in combination with tariff increases to survive, said CEO Andre de Ruyter, who has led the utility for three years as South... →
Blackouts may cost South Africa R899m a day, Reserve Bank says
7th February 2023 South Africa’s electricity crisis is costing the economy as much as R899 million a day, according to central bank estimates. Rolling blackouts of... →
South African firms urge Ramaphosa to pick better Ministers
7th February 2023 South Africa’s biggest business group urged President Cyril Ramaphosa to use an upcoming Cabinet reshuffle to improve the performance of a... →
