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Finance Minister rebuffs ANC's call to pressure Central Bank

Finance Minister rebuffs ANC's call to pressure Central Bank

18th July 2023 South Africa’s Finance Minister rebuffed a call by some in the nation’s governing party for him to push the central bank to use measures other than... 

African Central Banks to keep interest rates tighter for longer

African Central Banks to keep interest rates tighter for longer

18th July 2023 African central banks due to decide on interest rates in the next three weeks are set to keep monetary policy tighter for longer to temper stubborn... 

Government pledges to help local businesses facing extortion in Africa

13th July 2023 South Africa’s government is stepping up its support for some of the country’s biggest companies to help them hunt for business in Africa and... 

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Stalled South African power projects for 1 850 MW risk losing grid access

Stalled South African power projects for 1 850 MW risk losing grid access

12th July 2023 Companies yet to complete financing arrangements to build 1 850 MW of power-generation capacity in South Africa in terms of a government tender in... 

Zuma, who stymied green power, pitches Belarus carbon in Africa

Zuma, who stymied green power, pitches Belarus carbon in Africa

7th July 2023 Jacob Zuma, the former president who brought South Africa’s renewable-energy program to a halt in 2016, announced that a Belarus trade association... 

Eskom’s approved plan to bypass pollution rules hit by appeal

Eskom’s approved plan to bypass pollution rules hit by appeal

6th July 2023 Environmental activists have appealed against a South African government decision to allow Eskom Holdings to bypass equipment used to reduce... 

Inflation expectations climb before South Africa rate decision

Inflation expectations climb before South Africa rate decision

6th July 2023 South African inflation expectations rose for the next two years, providing impetus for the central bank to extend its most aggressive rate-hiking... 

South Africa is tackling its second-biggest growth problem

5th July 2023 South Africa has begun taking steps to resolve what the presidency believes is the biggest impediment to growth after persistent blackouts: An... 

Inflation has ‘turned the corner’ – Kganyago

Inflation has ‘turned the corner’ – Kganyago

5th July 2023 South African Reserve Bank Governor Lesetja Kganyago said the fight to tame rising prices was delivering results and the central bank will stick to... 

Kganyago plays down common African currency

Kganyago plays down common African currency

5th July 2023 South Africa’s central bank chief said adopting a region-wide common currency was a political project, and then spelled out exactly why it would... 

South Africa power outages may have reduced growth by 3.2 percentage points

South Africa power outages may have reduced growth by 3.2 percentage points

4th July 2023 South Africa’s energy crisis may have reduced the nation’s economic growth rate by as much as 3.2 percentage points last year and is likely to... 

South Africa needs to deal with 'energy poverty' – Mantashe

South Africa needs to deal with 'energy poverty' – Mantashe

30th June 2023 South Africa must balance the need to cut emissions with increasing electricity access and developing its natural resources, according to the... 

Eskom debt plan can reduce South Africa risks, Moody’s says

Eskom debt plan can reduce South Africa risks, Moody’s says

29th June 2023 South Africa’s plan to provide its struggling power utility debt relief and potentially write off municipalities’ arrears to Eskom Holdings will... 

Reserve Bank Governor sees rates higher for longer

Reserve Bank Governor sees rates higher for longer

28th June 2023 South Africa’s central bank will keep monetary policy tight for longer to tame persistent inflation, Governor Lesetja Kganyago said. The central... 

Thieves threaten World Bank-funded South African coal rail project

Thieves threaten World Bank-funded South African coal rail project

28th June 2023 A World Bank Group-funded effort to increase train access to a power plant in South Africa’s coal-rich region has started to significantly... 

Most of Eskom’s debt to be allocated to generation unit

Most of Eskom’s debt to be allocated to generation unit

23rd June 2023 South Africa’s plan to split state power utility Eskom Holdings into three units envisions most of its R439-billion of debt being allocated to the... 

Yellen sees urgency in boosting IMF poverty-fighting arsenal

Yellen sees urgency in boosting IMF poverty-fighting arsenal

22nd June 2023 US Treasury Secretary Janet Yellen said there’s a pressing need to bolster the finances of the International Monetary Fund’s flagship trust that... 

Tweaked South Africa central bank model gives better forecasts

Tweaked South Africa central bank model gives better forecasts

20th June 2023 South Africa’s central bank said that enhancements to its quarterly projection model delivered more accurate forecasts of its benchmark interest... 

Netherlands, Denmark to help create $1bn South African hydrogen fund

Netherlands, Denmark to help create $1bn South African hydrogen fund

20th June 2023 State-backed firms from the Netherlands will help create a $1-billion green hydrogen fund for investment in South African projects as part of Dutch... 

South Africa extends ban on scrap-metal exports by six months as it seeks to curb theft

South Africa extends ban on scrap-metal exports by six months as it seeks to curb theft

15th June 2023 South Africa extended a ban on scrap-metal exports by six months as the government tries to combat theft and vandalism of public infrastructure.... 

US targets China entities for pilot training, hypersonic tech

US targets China entities for pilot training, hypersonic tech

13th June 2023 The US Commerce Department restricted exports to entities that it says recruited Western pilots to train Chinese military personnel, as well as... 

Alarm bells ring as local investors cool on South Africa’s debt

Alarm bells ring as local investors cool on South Africa’s debt

13th June 2023 South Africa’s reliance on deep local markets to finance most government borrowing is no longer a given. Domestic investors are demanding... 

Brazil’s Lula eyes trips to Africa to boost trade, diplomacy

Brazil’s Lula eyes trips to Africa to boost trade, diplomacy

12th June 2023 Brazil is seeking to mend ties with Africa, largely ignored by the Bolsonaro administration, as the government prepares for two rounds of official... 

Tinubu pledges to build roads after scrapping Nigerian fuel caps

Tinubu pledges to build roads after scrapping Nigerian fuel caps

12th June 2023 Nigeria’s new President pledged to invest in infrastructure projects in a bid to placate residents after scrapping expensive fuel subsidies.... 

Loadshedding paused as generation capacity improves

Loadshedding paused as generation capacity improves

6th June 2023 South Africa’s state power utility temporarily suspended electricity cuts because of an improvement in available generation capacity. Outages will... 

South Africa seeks water investment with new procurement office

South Africa seeks water investment with new procurement office

6th June 2023 South Africa is setting up an office to facilitate private investment in the water industry in a bid to arrest its collapse and emulate the success... 

South Africa says cholera cases reported in five provinces

5th June 2023 Cholera cases have been reported in five of South Africa’s nine provinces, according to the Department of Health. The department, in a response to... 

BRICS raging against the dollar is an exercise in futility

BRICS raging against the dollar is an exercise in futility

5th June 2023 The exorbitant privilege the US enjoys from the dollar being unambiguously the world's reserve currency is under attack again. The emerging market... 

Russia says it thwarted large Ukrainian attack in Donetsk

5th June 2023 Russia said it had repelled a large-scale Ukrainian attack on the war’s front line and had destroyed several armored vehicles in the overnight... 

South Africa’s beaten-up assets draw Wall Street to start buying

South Africa’s beaten-up assets draw Wall Street to start buying

2nd June 2023 It’s time for a recovery in South Africa’s crushed markets. That’s the view from the likes of strategists at Goldman Sachs Group Inc., Deutsche... 

Putin arrest warrant prompts South Africa to weigh moving Brics Summit

Putin arrest warrant prompts South Africa to weigh moving Brics Summit

1st June 2023 South Africa is considering switching the venue of an upcoming summit of Brics leaders to another country, according to people familiar with the... 

Brics seize chance to counter US with expansion, common currency

Brics seize chance to counter US with expansion, common currency

1st June 2023 The Brics group of emerging markets is ramping up its bid for greater global influence, sensing a moment to capitalize on the splintering world... 

Ramaphosa deploys envoys to explain South Africa’s Russia stance

Ramaphosa deploys envoys to explain South Africa’s Russia stance

1st June 2023 South Africa’s president will send four of his cabinet ministers to Group of Seven nations to explain the country’s non-aligned position on... 

South Africa plans for payments continuity if power grid buckles

South Africa plans for payments continuity if power grid buckles

30th May 2023 South Africa’s central bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event the nation’s... 

Brics Bank to expand membership as Saudi Arabia looks to join

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

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

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

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

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

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

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... 

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