South Africa’s headline consumer inflation slowed more than expected in April to an 11-month low of 6.8% in annual terms, data showed on Wednesday, but analysts and markets still expect …
Category:
South Africa
-
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa Showcases Business Events Capability at IMEX Frankfurt
by Editorby EditorWith a definite purpose and authorization to stimulate economic revival, South African Tourism heads a team of exhibitors comprised of South African entrepreneurs and officials to IMEX Frankfurt in Germany. …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s Eskom losing well over $55 million a month through theft, ex-CEO says
by Editorby EditorSouth African state power firm Eskom loses well over 1 billion rand ($55 million) a month from theft, its former chief executive told parliament on Wednesday, saying a previous estimate …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
S.Africa’s Standard Bank reports 33% rise in full year profit
by Editorby EditorS.Africa’s Standard Bank Group (SBKJ.J) reported a 33% rise in full-year profit as the lender benefited from higher interest rates and other transactional activities. For the year ended Dec. 31, …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
South African Economy Contracts on Intensifying Power Outages
by Editorby EditorSouth Africa’s economy shrank more than expected in the fourth quarter when the state-owned power utility intensified rolling blackouts that continue to put a dampener on output. Gross domestic product …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
South African President Cyril Ramaphosa Shuffles His Cabinet Amid Crises
by Editorby EditorSouth African President Cyril Ramaphosa announced changes to his Cabinet on Monday, including a new minister of electricity, amid the escalating power crisis in the country. In a live national …
-
AFRICA NEWSSouth AfricaSouthern Africa
Kgosientsho Ramokgopa: South Africa gets new minister to tackle power crisis
by Editorby EditorSouth Africa’s president has appointed the country’s first electricity minister in an effort to address the unprecedented power shortages there. Kgosientsho Ramokgopa’s most pressing task will be to end the …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
Economic diplomacy versus the cost of doing business in Africa
by Editorby EditorJust over 20 years ago, MTN completed one of its most ambitious projects in Nigeria when it installed a high-capacity digital microwave transmission backbone in January 2003. The infrastructure project …
-
AfricaAFRICA NEWSSouth AfricaSouthern Africa
Bondholders brace for 300 seconds of tension in South Africa’s Budget
by Editorby EditorFinance Minister Enoch Godongwana will spend about five minutes of his budget speech Wednesday on Eskom if history is anything to go by. It’s going to be a tense 300 …
-
AfricaAFRICA NEWSAgricultureSouth AfricaSouthern Africa
El Niña Could Pose Threat to South Africa’s Food Security
by Editorby EditorThe Agricultural Business Chamber said that the upcoming El Niño weather effects could pose a threat to South Africa’s food security in the near future. The country has been experiencing …