A 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 …
South Africa
- AfricaAFRICA NEWSSouth AfricaSouthern Africa
- 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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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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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 …
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Inflation Expectations Climb Before South African Rate Decision
by Editorby EditorSouth African inflation expectations rose for the next two years, affirming predictions that the central bank will prolong its most aggressive rate-hiking cycle in at least two decades. Average inflation …
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Job cuts at one of South Africa’s biggest companies
by Editorby EditorBritish American Tobacco South Africa (BAT) says it has started a Section 189 retrenchment process which could impact 200 jobs. BAT is the fourth largest company in South Africa when …
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South Africa Energy CEO Poisoned with Cyanide in his Coffee
by Editorby EditorThe CEO of one of Africa’s biggest energy producers has survived an “attempt on his life,” after he was served a cup of coffee laced with cyanide, according to numerous …
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South Africa’s economy hangs in the balance as energy crisis persists
by Editorby EditorSouth Africa can have good policy on paper, but it is useless if the country’s crime and electricity crises persist, Finance Minister Enoch Godongwana told the South African delegates attending …
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South Africa in a state of crisis – Busa
by Editorby EditorBusiness Unity South Africa (Busa) said that South Africa was in a state of crisis. Eskom Holdings SOC Ltd.Lucas Maluleke and his son, Hlanganiso. The business organisation said that the …
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South African Factory Activity Expands in December Absa PMI
by Editorby EditorSouth African manufacturing activity expanded in December but business activity deteriorated further in the month due to persistent rotational power cuts, a survey showed on Friday. The seasonally adjusted Absa …