In a move that has intensified the financial strain on many households, South Africa is set to implement a 12.7% increase in electricity tariffs effective April 1, 2025—a date dubbed …
South Africa
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BusinessEnergyGOVERNMENTSouth AfricaSouthern Africa
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In a move that has sent shockwaves through South Africa’s renewable energy sector, Eskom, the nation’s primary electricity supplier, has introduced stringent regulations targeting homeowners with rooftop solar installations. These …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessBusiness and EconomyINVESTMENTSouth Africa
South African Rand Rises as Gold Prices Hit Record High
The South African rand edged higher today, March 18, 2025, gaining 0.4% to trade at 18.0175 per U.S. dollar, following a strong rally in gold prices. Gold soared to an …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Harnessing AI’s Potential in South Africa, its Opportunities
by Editorby EditorAs artificial intelligence (AI) continues to supercharge every aspect of business and society, South Africa stands at a critical juncture. Rather than fearing job displacement, we can harness AI to …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Electrolux to Divest Its Water Heater Business in South Africa
by Editorby EditorSwedish appliance giant Electrolux announced on Thursday its decision to divest its water heater business in South Africa. The transaction, valued at approximately 1.4 billion crowns ($132.69 million), marks a …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa Turns to Nuclear Option to Address Power Concerns
by Editorby EditorThe South African government recently unveiled plans to incorporate nuclear energy into its strategy to resolve the nation’s persistent electricity issues. Minister of Electricity and Energy, Kgosientsho Ramokgopa, emphasized that …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
TymeBank appoints Karl Westvig as new CEO for next era of growth
by Editorby EditorTymeBank has announced the appointment of Karl Westvig as its new Chief Executive Officer. The bank’s current CEO, Coenraad Jonker, will turn his full attention to his role as Executive …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa supports the GirlDontSkipADay initiative to combat period poverty
by Editorby EditorCrown Relocations South Africa, a leading global relocation company, has taken a significant step to ensure that no girl child misses school due to a lack of menstrual hygiene products. …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South African Factory Activity Contracts Again in June – Absa PMI
by Editorby EditorFactory activity in South Africa continued to decline in June, marking another month of contraction, according to the latest data from the Absa Purchasing Managers’ Index (PMI). The PMI, a …
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Business Unity South Africa (BUSA) has called on the nation to rally behind the newly appointed cabinet, stressing the importance of unity and collaboration in addressing the country’s economic challenges. …