Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said. …
Category:
South Africa
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Biggest South Africa Cement Firm Mulls Sale of Zimbabwe Unit
by Editorby EditorPPC Ltd., South Africa’s largest cement maker, is considering selling its Zimbabwe business for about $200 million, according to people with knowledge of the matter. The shares surged. A sale …
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The Utility Ruining South Africa Is a Big Winner for Bondholders
by Editorby Editor(Bloomberg) — South Africa’s Eskom Holdings SOC Ltd. is not very good at keeping the lights on, but it’s providing excellent profits for bondholders. Eskom’s dollar bonds due 2028 — …
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Ener-G-Africa’s new Cape Town solar panel plant commissioned
by Editorby EditorEner-G-Africa (EGA), a multi-faceted African company tackling the challenges of climate change through research, development and the manufacturing of clean energy products, officially launched its new 15 MW per annum …
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Tough times ahead as South Africans face financial crises
by Editorby EditorMany 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 …
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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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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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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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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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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 …