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HSBC sees South Africa household spending remaining weak in 2024

HSBC sees South Africa household spending remaining weak in 2024

1st February 2024 Household consumption in South Africa is expected to pick up slightly in 2024 after likely growing at its weakest pace in three decades last year,... 

Brics gets boost as Saudi Arabia joins group of emerging nations

Brics gets boost as Saudi Arabia joins group of emerging nations

1st February 2024 South Africa’s foreign minister said Saudi Arabia and four other countries have accepted the invitation to join the Brics club of nations that was... 

Climate change behind Africa cholera surge, top health body says

31st January 2024 The Africa Centres for Disease Control and Prevention, the continent’s chief health advisory body, has tied the worst outbreak of cholera in three... 

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Ramaphosa warns ANC of foreign meddling in vote

Ramaphosa warns ANC of foreign meddling in vote

31st January 2024 President Cyril Ramaphosa said the nation’s case against Israel in a top United Nations court could result in foreign powers interfering with the... 

Investec predicts South Africa M&A revival citing ‘renewed optimism’

31st January 2024 Mergers and acquisitions in South Africa are set to rebound this year as the $405-billion economy starts to show signs of recovery, according to... 

IMF cuts South Africa's 2024 growth forecast

IMF cuts South Africa's 2024 growth forecast

30th January 2024 The International Monetary Fund downgraded its economic-growth forecasts for South Africa, warning that logistical challenges are constraining... 

Naira plunges 31%, brings currency closer to Nigeria street rate

Naira plunges 31%, brings currency closer to Nigeria street rate

30th January 2024 Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second... 

ANC weighs parting ways with Zuma

ANC weighs parting ways with Zuma

26th January 2024 The top leadership of South Africa’s ruling party will consider whether it should part ways with its former leader Jacob Zuma at a three-day... 

ANC lags main rival in donation drive as South Africa vote looms

ANC lags main rival in donation drive as South Africa vote looms

25th January 2024 The Democratic Alliance, South Africa’s main opposition party, secured more large donations than the ruling African National Congress and its other... 

South Africa won’t see radical policy shifts after election, top pollster says

South Africa won’t see radical policy shifts after election, top pollster says

23rd January 2024 This year’s elections in South Africa may be slated to be the most competitive since the end of apartheid but are unlikely to bring major change to... 

Gold riches fuel Sudan militia’s war to rule nation, UN says

Gold riches fuel Sudan militia’s war to rule nation, UN says

22nd January 2024 Sudan’s paramilitary Rapid Support Forces (RSF) group is using large-scale proceeds from gold mining to fund its devastating war against the... 

Coal at risk of being stranded in South Africa as rail founders

Coal at risk of being stranded in South Africa as rail founders

19th January 2024 Coal in South Africa, which has the largest proven reserves of the fuel on the continent, is at risk of becoming stranded following a plunge in... 

Key African economies to hold off from rate cuts until second half of 2024

Key African economies to hold off from rate cuts until second half of 2024

19th January 2024 African central banks due to decide on interest rates in the next three weeks are poised to maintain tight monetary policies, in contrast to their... 

Africa’s year of elections faces a pernicious enemy

Africa’s year of elections faces a pernicious enemy

16th January 2024 As far as elections go, 2024 will be the biggest global election year in history. More than 60 countries are slated to stage executive and... 

Godongwana says no imminent plan to tap reserves

Godongwana says no imminent plan to tap reserves

16th January 2024 Finance Minister Enoch Godongwana played down the likelihood of a decision soon to tap a R497-billion contingency fund held on behalf of the... 

Godongwana warns of difficult budget next month

Godongwana warns of difficult budget next month

15th January 2024 South Africa’s finance minister warned that next month’s budget will be a “difficult one” as the nation’s ability to service its growing debt... 

US agrees preliminary deal with Africa on extending Agoa by ten years, says Patel

US agrees preliminary deal with Africa on extending Agoa by ten years, says Patel

12th January 2024 The US has reached preliminary agreement with African nations to extend their preferential trade access by another decade, pending approval by... 

South Africa prepares Bill to form State-firm holding company

South Africa prepares Bill to form State-firm holding company

10th January 2024 South Africa’s minister of public enterprises will soon introduce a bill in parliament to establish a government firm that will own and manage at... 

African nations dominate top 10 economic growth spots in 2024

African nations dominate top 10 economic growth spots in 2024

9th January 2024 Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the top-10... 

Russia seeks to unite BRICS on climate initiatives after COP28

Russia seeks to unite BRICS on climate initiatives after COP28

14th December 2023 As the COP28 talks wrapped up in Dubai, one of the world’s energy heavyweights said it wants to rally a united front among a group of non-Western... 

COP28 ends with deal on transition away from fossil fuels

COP28 ends with deal on transition away from fossil fuels

13th December 2023 The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president... 

South Africa seeks talks with Botswana over food ban extension

South Africa seeks talks with Botswana over food ban extension

6th December 2023 The South African government has requested an urgent meeting with officials in Botswana after the neighbouring country extended a ban on fresh... 

Eskom, Sasol pollution harms children, government studies find

Eskom, Sasol pollution harms children, government studies find

6th December 2023 Two studies ordered by South Africa’s government into the impact of air pollution on community and child health showed emission limits it imposed... 

Argentina won’t join Brics bloc under Milei, adviser says

Argentina won’t join Brics bloc under Milei, adviser says

1st December 2023 Argentina won’t join the China-led Brics (Brazil, Russia, India, China, and South Africa) bloc during Javier Milei’s presidency, his incoming top... 

South Africa warns others not to go from electricity to darkness

South Africa warns others not to go from electricity to darkness

1st December 2023 One of the architects of South Africa’s groundbreaking deal with rich nations to move more quickly away from coal sounded a note of caution to... 

Presidency study urges doubling of Climate Finance

Presidency study urges doubling of Climate Finance

30th November 2023 South Africa needs to more than double climate financing to achieve its emissions reduction targets, according to a study by the Presidential... 

Xi is delegating more authority in China to his trusted No. 2

Xi is delegating more authority in China to his trusted No. 2

29th November 2023 Chinese President Xi Jinping spent his first decade in office accumulating power at the expense of the Communist Party’s No. 2 official. Now that... 

Mozambique approves $80-billion Energy Transition Strategy

27th November 2023 Mozambique’s government approved a strategy to reduce the nation’s dependence on fossil fuels that it estimates will cost $80-billion to implement... 

South Africa faces backlash over law to bolster small firms

23rd November 2023 South African industry and civil rights groups are pushing back against a draft procurement law aimed at supporting small businesses that were... 

Crime costs South Africa 10% of GDP each year, World Bank says

Crime costs South Africa 10% of GDP each year, World Bank says

22nd November 2023 Rampant crime in South Africa is costing the country at least 10% of its gross domestic product annually and exacerbating already stark income... 

South Africa’s quest for energy security threatens climate goals

South Africa’s quest for energy security threatens climate goals

21st November 2023 South Africa is likely to prioritise energy security over its decarbonisation aspirations to avoid further damage to its economy, said James... 

Germany will lend South Africa €500m for energy switch

Germany will lend South Africa €500m for energy switch

17th November 2023 Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it... 

Gas-supply cliff is South Africa’s next crisis, energy body says

Gas-supply cliff is South Africa’s next crisis, energy body says

17th November 2023 South Africa’s supply of natural gas is set to plunge within the next three to four years and there’s a risk of a shortfall triggering the... 

Ramokgopa is acting Finance Minister, while Godongwana on leave

Ramokgopa is acting Finance Minister, while Godongwana on leave

14th November 2023 South Africa’s president appointed Kgosientsho Ramokgopa as acting finance minister, while Enoch Godongwana takes leave. Ramokgopa, appointed in... 

Motsoaledi denies work-permit crisis, says his department is a scapegoat

Motsoaledi denies work-permit crisis, says his department is a scapegoat

14th November 2023 Minister of Home Affairs Aaron Motsoaledi dismissed criticism that his department is causing a skills crisis in the country by failing to process... 

South Africa denies changes to farm-export rules based on race

13th November 2023 South Africa’s government rejected reports that new regulations have been introduced to restrict farm-export quotas based on race. The... 

South Africa’s climate adviser rebuts report target to be missed

9th November 2023 South Africa’s Presidential Climate Commission dismissed a report that said modeling shows that the country will miss its 2030 emissions reduction... 

South Africa still weighing impact of charging Eskom interest

South Africa still weighing impact of charging Eskom interest

9th November 2023 South Africa is still assessing the effect of adding interest to a R254-billion debt relief package for state-owned Eskom Holdings as the company... 

Indebted Transnet rolls over R7bn loans for four months

Indebted Transnet rolls over R7bn loans for four months

8th November 2023 Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four... 

South Africa risks losing business investment over visa ‘chaos’

South Africa risks losing business investment over visa ‘chaos’

6th November 2023 In one of the world’s most unequal nations an acute shortage of skilled workers is restraining already tepid growth, limiting job creation and... 

US committed to ‘seamless’ Africa trade pact renewal, Tai says

US committed to ‘seamless’ Africa trade pact renewal, Tai says

3rd November 2023 The US aims to ensure that its preferential trade pact with Africa is replaced without interruption when it expires in two-year’s time, while... 

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