Many South Africans are facing the prospect of a tough 2023. Inflation is the highest it has ever been, and the repo rate has steadily risen, with more increases expected …
South Africa
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
SA in talks on new nuclear-fuel deal with Westinghouse
by Editorby EditorSouth Africa is in talks with the US about renewing a nuclear-cooperation agreement that lapsed in December and resulted in the suspension of a license for supplies of the fuel …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Nambitha Ben-Mazwi on bagging a role on CBS and Showtime’s ‘King Shaka’
by Editorby EditorNambitha Ben-Mazwi has joined Showtime and CBS studios’ series King Shaka which is now in production. The actress flies the SA flag high alongside Thando Dlomo, Thapelo Mokoena and Warren …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Russia rekindles old friendship with South Africa, its ally against apartheid
by Editorby EditorThis is something Russian foreign minister Sergey Lavrov will have been at pains to remind his opposite number, Naledi Pandor, at their meeting in the capital, Pretoria, on January 23, …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa: Globeleq completes $71 million restructuring of Soutpan solar plant financing
by Editorby EditorGlobeleq, the leading independent power company in Africa, has completed a $71 million (ZAR1.2 billion) senior debt restructuring of its 31 MW Soutpan Solar Power (Pty) Ltd (“Soutpan”) plant in …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s Mr Price Q3 sales jump on Studio 88 acquisition
by Editorby EditorSouth African budget fashion retailer Mr Price MRPJ.J reported on Friday a 34% surge in third-quarter sales, boosted mostly by its recent acquisition of branded footwear and clothing company Studio …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Fleeing foreign investors worsen South Africa’s deficit problem
by Editorby EditorA current-account balance that’s swinging into deficit is adding pressure on South Africa to stem a foreign-investor flight from the government bond market. While non-residents have offloaded government bonds worth …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa’s SPAR admits to irregular loan allegations
by Editorby EditorSouth Africa’s SPAR Group (SPPJ.J) said on Thursday it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Mercedes-Benz South Africa confirms 2023 EQE lineup
by Editorby EditorFollowing the successful introduction of the EQA, EQB, EQC and EQS last year, the EQE will be the fifth Mercedes-EQ model to be launched in South Africa. The EQ variants …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
South Africa Inflation Eases To 7.2%, Lowest In 7 Months
by Editorby EditorSouth Africa’s consumer price inflation eased slightly, as expected, in December to the lowest level in seven months, mainly due to a moderation in transport charges, figures from Statistics South …