The South African rand opened slightly stronger on Wednesday morning as anticipation built around a crucial parliamentary vote on key budget legislation that could shape investor confidence and influence local …
South Africa
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South African’s Rand Steady as Global Markets Await U.S.-China Trade Talks
JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
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BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
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Banking, Finance & InvestmentBusinessFinance & ServicesInnovationINVESTMENTSouth AfricaTechnology
Capitec Becomes South Africa’s Biggest Bank by Market Value, Overtakes Standard Bank
Capitec Bank has overtaken some of South Africa’s oldest and biggest financial institutions to become the country’s most valuable bank by market capitalisation. The bank, which was founded in 2001 …
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EconomyGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Strengthens Ahead of Budget Debate as Economic Signals Improve
The South African rand firmed slightly on Wednesday morning, gaining momentum ahead of a crucial parliamentary debate on the long-awaited national budget. By 07:30 GMT, the rand was trading at …
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AfricaBusinessDevelopmentEconomyEntrepreneurshipInnovationMarketsSouth Africa
African Brands Work to Win Back Local Customers from Foreign Companies
Many African brands are now making efforts to regain the trust and loyalty of African consumers who have for years preferred foreign brands. Across the continent, foreign products from Europe, …
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S&P Says South Africa Needs Better Growth and Discipline to Get Credit Upgrade
South Africa must grow its economy faster and manage its public finances better if it hopes to receive its first credit rating upgrade in over 20 years, according to S&P …
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BusinessEconomyInnovationSouth Africa
SPAR Group Targets Growth with Expanded Product Range, Uber Eats Partnership, and Private Label Strategy
South African retail giant SPAR Group says it plans to grow its business by expanding its product selection, increasing sales of own-brand goods, and boosting on-demand delivery services, as competition …
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BusinessSouth AfricaTechnologyTrade and Commerce
Amazon Expands Product Offering in South Africa with Groceries, Pet Food, and Health Supplements
E-commerce giant Amazon has expanded its product catalogue in South Africa to include non-perishable groceries, pet food, and health supplements — a strategic move aimed at deepening its footprint in …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Holds Ground as Central Bank Pushes for Lower Inflation Target
The South African rand managed to hold on to most of its gains from the previous day during early trading on Friday, May 30, 2025, following fresh comments from the …