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