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Namibian flag

Namibia central bank delivers third straight rate cut

By: Reuters     4th December 2024 Namibia's central bank cut its main interest rate for the third meeting in a row on Wednesday, as inflation continued to tick lower in the southern... 

World Food Program’s troubles in Sudan hurt hunger relief, alienated donors - internal report

By: Reuters     4th December 2024 Serious problems in the United Nations World Food Program’s response to the Sudan crisis are hampering the organization’s ability to alleviate... 

Coal power station

High Court says State can’t order new coal plants

By: Bloomberg     4th December 2024 South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was... 

More News

National Treasury notes Moody’s reaffirmation of South Africa’s junk status 

By: Darren Parker     4th December 2024 National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as... 

Powerline construction

NTCSA still mulling private participation in grid roll-out but confirms deployment ‘step change’ needed 

By: Terence Creamer     4th December 2024 The National Transmission Company South Africa (NTCSA) has told lawmakers that a “step change” will be needed in the delivery of new grid... 

City of Joburg city manager Floyd Brink

DA calls for Johannesburg city manager Floyd Brink’s removal following court judgment 

By: Thabi Shomolekae     4th December 2024 The Democratic Alliance on Wednesday called for the removal of City of Joburg city manager Floyd Brink after the South Gauteng High Court ruled... 

Outgoing Harmony Gold CEO Peter Steenkamp.

Green loan underpinning latest Harmony Gold renewable-energy project in North West 

By: Martin Creamer     4th December 2024 A R1.5-billion green loan facility secured in 2022 is the significant funding underpin of three solar PV renewable-energy plants being constructed... 

President Cyril Ramaphosa, Minister Thembi Simelane & Deputy President Paul Mashatile

Ramaphosa faces criticism over reassignment of embattled Minister Thembi Simelane 

By: Thabi Shomolekae     4th December 2024 Political parties have condemned President Cyril Ramaphosa’s recent cabinet reshuffle, in which he moved embattled Justice and Constitutional... 

Consumers

S African consumer confidence drops, but signals strong festive season

By: Reuters     4th December 2024 South Africa's consumer confidence slipped one point in the fourth quarter, although retail sales during the festive season are still expected to... 

Business

South Africa business activity rises for 4th straight month, PMI shows

By: Reuters     4th December 2024 South African private sector activity increased for a fourth consecutive month in November as firms took on more workers and grew more confident... 

Zimbabwe flag

Zimbabwe central bank keeps policy rate at 35%

By: Reuters     4th December 2024 Zimbabwe's central bank said on Wednesday that its Monetary Policy Committee (MPC) had met and decided to leave its policy rate unchanged at 35%.... 

Namibian President-elect Netumbo Nandi-Ndaitwah

Namibia elects Nandi-Ndaitwah as first female president

By: Reuters     4th December 2024 Netumbo Nandi-Ndaitwah of Namibia's ruling SWAPO party has been elected president and will be the country's first female leader, results released... 

Eskom appoints group executive for strategic delivery

By: Creamer Media Reporter      3rd December 2024 Power utility Eskom has appointed Alfred Seema as group executive for strategic delivery. He joins the utility from Sasol, where he most recently... 

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