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 …
South Africa Economy
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
- AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
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 …
- AfricaAFRICA NEWSSouth AfricaSouth Africa Economy
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 …
Epiroc acquires South Africa-based parts provider Eventspec Proprietary Limited Epiroc has agreed to acquire the business of Eventspec Proprietary Limited, a South African mining aftermarket solutions provider that manufactures parts …
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Cheap imports leave major retailer in South Africa cracked
One of South Africa’s largest tile and bathroomware groups, Italtile Limited, has reported a sharp decline in interim profits, blaming a surge of cheap imports for weakening demand and squeezing …
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US-Israel attack on Iran: South Africa warned of potential business disruption
South Africa has been urged not to downplay the potential economic fallout from the escalating military confrontation between the United States, Israel and Iran, as fears mount over energy security …
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South Africa’s EdTech Problem Isn’t Technology; It’s Trust
For years, South Africa has invested heavily in classroom technology — tablets, projectors, interactive whiteboards and digital learning platforms have steadily been introduced into schools across the country. Yet, despite …
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Africa forges a trade future beyond AGOA
African governments are bracing for the end of the African Growth and Opportunity Act (AGOA), a preferential trade pact with the United states which was extended in early February for …