South Africa’s rand was little changed on Friday, holding on to most of the gains made in the previous session after the central bank announced its biggest rise to the …
South Africa
After the credit rating agency Moody’s upgraded South Africa’s outlook last month, S&P Global has now also improved its outlook to “positive” from “stable”. This was thanks in large part …
- Information & TechnologySouth Africa
Joburg’s pothole patrol app gets 28,000 reports, fixes100,000 potholes a year
The Pothole Patrol has repaired just over 100,000 potholes in Johannesburg in the course of one year. The joint initiative saw two insurance companies, Dial direct and Discovery Insure, partner …
Three construction firms in South Africa accused of inflating the cost of building a stadium in Cape Town for the 2010 football World Cup have agreed to pay the city’s …
South African mobile operator MTN Group MTNJ.J said on Friday first quarter pretax profit rose 21.1% year-on-year, supported by service revenue growth amid demand for data and financial services. MTN, with 276 …
- Banking, Finance & InvestmentSouth Africa
S.Africa’s central bank to hike by 50bps on May 19 for the first time since 2016
South Africa’s Reserve Bank is set to make its first 50 basis point hike to its repo rate in more than six years next week, taking it to 4.75%, to …
- South Africa
The Rock; Biggest white diamond ever extracted from South Africa auctioned and sold for $18.8 million
On Wednesday, The Rock; The biggest white diamond ever auctioned was sold for a hammer price of 18.6 million Swiss francs ($18.8 million) far short of the record for such …
The National Union of Metalworkers of South Africa (Numsa) has served ArcelorMittal SA with a 48-hour notice of a strike on Monday evening after reaching a deadlock with the employer …
A new wave of the coronavirus driven by two new Omicron sub-variants in South Africa has led to more than 50% increase in infections in 24 hours. According to official …
- PoliticsSouth Africa
South Africa’s President Jacob Zuma gets implicated in a “damning” new Corruption report
Following the accusation of President Jacob Zuma, the latest report by the commission of inquiry into state capture has found that Zuma was prepared to do anything requested by the …