Bloomberg
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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... →
South Africa says finalising climate plan as Mminele quits
3rd February 2023 South Africa is finalising an implementation plan for an $8.5-billion climate finance deal with some of the world’s richest countries even as the... →
The power utility ruining South Africa is a big winner for bondholders
2nd February 2023 South Africa’s Eskom is not very good at keeping the lights on, but it’s providing excellent profits for bondholders. Eskom’s dollar bonds due 2028... →
Yellen positive on cap talks after EU floats Russia diesel price
27th January 2023 US Treasury Secretary Janet Yellen said she’s confident that discussions aimed at extending restrictions on the sale of Russian petroleum products... →
Eskom weighs nuclear fuel impact after US-South Africa pact ends
26th January 2023 Power utility Eskom is examining how the suspension of a pact that enables it to import nuclear fuel components from the US will affect its sole... →
South Africa to moderate rate hikes with end in sight
26th January 2023 South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades Thursday, and economists and... →
Key African economies to slow rate hikes with inflation peaking
20th January 2023 After tightening monetary policy sharply in 2022, most African central banks are poised to slow the pace of interest-rate hikes in coming weeks as... →
Yellen woos Africa as US vies for influence with China, Russia
19th January 2023 US Treasury Secretary Janet Yellen, declaring that African can help shape the future of the global economy, will set out why the Biden... →
Fleeing foreign investors worsen South Africa’s deficit problem
19th January 2023 A current-account balance that’s swinging into deficit is adding pressure on South Africa to stem a foreign-investor flight from the government... →
South Africa plans new law to accelerate power capacity
17th January 2023 South Africa’s National Energy Crisis Committee, a body run by the office of President Cyril Ramaphosa, expects record power outages to ease as... →
Economists see a 45% chance of a South Africa recession in 2023
16th January 2023 Africa’s most industrialised economy faces a 45% chance of slipping into recession this year as South Africa’s electricity crisis deepens. The... →
South Africa set to welcome Russian warships despite criticism
16th January 2023 South Africa will next month go ahead with naval exercises off its eastern coast with Russian and Chinese warships in a decision that could further... →
Yellen heads to Africa with US seeking to counter China’s influence
16th January 2023 US Treasury Secretary Janet Yellen departs Tuesday to visit three African countries central to President Joe Biden’s strategy to rejuvenate ties on... →
Things to know as Davos returns in winter amid ‘polycrisis’ risk
13th January 2023 The global elite is heading to the mountains again as the World Economic Forum’s (WEF's) annual meeting returns to Davos during the winter for the... →
Brics may decide on whether to admit new members this year
12th January 2023 The Brics group of nations is formulating criteria for joining the bloc and may decide by the end of this year on whether to admit new nations and... →
