Sibanye-Stillwater, the South African multinational precious metal mining company under the leadership of leading businessman Neal Froneman, has announced a significant restructuring plan for one of its gold mines, potentially affecting …
South Africa
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The Zimbabwean dollar has depreciated once more against all major currencies for the third week, falling to ZWL$4712.16: US$1 from ZWL$4604.62: US$1 three weeks ago. On both the official and …
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South Africa under more scrutiny over Russian ship
by Editorby EditorThe South African government was under more pressure Wednesday for declining to release cargo documents relating to the visit by a Russian ship that the United States alleges collected a …
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South Africans blame gov’t as cholera outbreak kills 15
by Editorby EditorThe number of deaths from cholera has reached 15 in Gauteng, which happens to be the most populous province of South Africa. The residents are holding the government responsible for …
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South Africa inflation slows to 11-month low in April
by Editorby EditorSouth 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 …
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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. …
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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 …
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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, …
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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 …
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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 …