The South African rand weakened on Tuesday as investors weighed geopolitical tensions linked to the Iran war, while investors digested weaker domestic business confidence data and warnings from the central …
South Africa Economy
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South African rand posts biggest gain since 2023 on Middle East ceasefire
South Africa’s financial markets rebounded sharply as investors returned to risk assets following a ceasefire in the Middle East, which eased fears of global energy disruptions, according to African Economy. …
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US and South Africa move to reset ties amid diplomatic tensions
The United States’ newly accredited ambassador to South Africa, Matthew Bozell, formally assumed his duties on Wednesday during a ceremony that also saw envoys from 19 other nations receive accreditation …
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Paymentology and Bank Zero expand digital banking in South Africa
In a move set to reshape South Africa’s digital finance landscape, global card processing giant Paymentology has entered into a strategic partnership with Bank Zero, becoming the bank’s first official …
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Diesel shortages and price hikes threaten South Africa’s citrus export season
The Citrus Growers’ Association of Southern Africa (CGA) has sounded the alarm over emerging diesel shortages and rising fuel prices, warning that the disruptions could threaten the smooth take-off of …
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South Africa faces fuel price crisis: Urgent government intervention needed
South Africa is facing what analysts describe as a looming national emergency, with warnings that failure to intervene before the April 1 fuel price surge could trigger dire social and …
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Small businesses bear the cost of South Africa’s late payment negligence
New payment data from National Treasury has revealed a worsening backlog of unpaid invoices across government departments, raising fresh concerns about the financial strain placed on small and medium-sized enterprises …
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Lower impairments, trading boost lift Africa’s largest bank earnings to $2.97bn
Standard Bank Group reported an 11 percent increase in annual headline earnings, supported by growth in trading activities, higher fee income and lower credit impairment charges across its core banking …
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South Africa economy expected to grow despite tough year for business
South Africa’s economy is expected to record modest growth in the fourth quarter of the year when the country’s statistics agency releases the latest Gross Domestic Product (GDP) figures on …
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South African mining firm expands into Australia with $218m gold deal
Pan African Resources has agreed to acquire Emmerson Plc in a transaction that will see the South Africa-focused gold miner expand its footprint in Australia while consolidating its interests in …