The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest …
South Africa
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SA Reserve Bank again hikes interest rates by 75 basis points
The SA Reserve Bank on Thursday raised its main lending rate by 75 basis points to 6.25%, for the second meeting in a row. Three members of the monetary policy …
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South Africa’s Blue Label finalises Cell C restructuring deal
South Africa’s Blue Label Telecoms Ltd announced Thursday that it had concluded an agreement to restructure and refinance mobile operator Cell C’s 7.3 billion rand ($411 million) debt to bolster its …
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Government doubles down on new tax rules for South Africa
The National Treasury and South African Revenue Service (SARS) are standing their ground on proposed amendments to tax legislation in South Africa, despite protests from businesses. Speaking to the parliamentary …
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SA inflation dips to 7.6% in August, the lowest monthly change since January
South Africa’s headline consumer inflation fell to 7.6% year on year in August, data showed on Wednesday, suggesting inflation may have peaked in annual terms at 7.8% the previous month. Inflation …
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Record blackouts leave South Africa struggling for energy fix
The most severe blackouts in South Africa’s history have left the government struggling for ways to mitigate their impact on businesses and livelihoods, with efforts to buy more power from …
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South Africa’s load shedding hit travel at busy Zimbabwe border
South Africa’s record power outages are stifling travel across the key bridge between the country and Zimbabwe, one of Africa’s busiest inland borders. Queues at Beitbridge, a major economic and …
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Ramaphosa under fire from opposition parties over energy crisis in South Africa
As Stage 6 load shedding over the weekend set alarm lights flashing, President Cyril Ramaphosa is under increased political pressure from opposition parties over the country’s energy crisis. The situation …
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Four-day week to be trialled in South Africa
A joint initiative between 4 Day Week Global and the 4 Day Week SA Coalition is inviting South African businesses to pilot a new working model in 2023 with planning …
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India’s rice export ban, tariff could lead to price hikes in South Africa, experts warn
India’s ban on the export of broken rice and a 20% tariff imposed on exports of white and brown rice could lead to potential price hikes for South African consumers, …