Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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.... →
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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,... →
