South Africa’s rand appreciated against the United States dollar on Wednesday as investors largely looked past mixed domestic economic indicators, even as reports emerged of a warning from US authorities …
Southern Africa
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AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
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South AfricaSouth Africa EconomySouthern Africa
IMF lifts S’Africa growth outlook to 1.3% on power stability, reform gains
The International Monetary Fund (IMF) has revised upward its economic growth forecast for South Africa, citing improved resilience, easing power constraints and a gradual recovery in business confidence. In its …
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South AfricaSouth Africa EconomySouthern Africa
S’Africa may targets 3% inflation by 2026 as SARB signals room for rate cuts
South Africa may achieve its revised 3 per cent inflation target by 2026, as price pressures remain largely contained, Governor of the South African Reserve Bank (SARB), Mr Lesetja Kganyago, …
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AfricaAFRICA NEWSSouth AfricaSouth Africa EconomySouthern Africa
SAA, CemAir strike domestic codeshare deal
South African Airways (SAA) has entered into a domestic-only codeshare agreement with privately owned airline, CemAir, in a move aimed at improving air connectivity between major cities and regional destinations …
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AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
OpenAI, Microsoft lose last chance to avoid trial with Musk
OpenAI and its longtime partner, Microsoft, have lost their final bid to halt a lawsuit filed by billionaire tech entrepreneur Elon Musk, as a United States federal judge ordered the …
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Eastern AfricaEconomyFinanceForex TradingSouth AfricaSouthern AfricaWestern Africa
African Currencies Outlook: Uganda’s Shilling to Gain, Others Seen Stable
The currencies of several African countries are expected to remain stable in the coming week, with Uganda’s shilling projected to strengthen slightly against the United States dollar, according to traders. …
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EconomyGOVERNMENTMiningSouthern AfricaTrade
Botswana’s Economy Shrinks as Diamond Output Falls Sharply in Second Quarter
Botswana’s economy suffered a major setback in the second quarter of 2025 as output from its diamond sector, the backbone of the country’s revenue, dropped sharply, triggering the steepest contraction …
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Business UpdatesEconomyEnergyInfrastructurePower & UtilitiesSouthern Africa
ZESCO Power Failure Leaves Parts of Botswana in Darkness
Several towns in northern Botswana have been left without electricity following a supply disruption from Zambia’s power utility, ZESCO. The affected areas include Plateau, Kasane, Kazungula, and Lesoma, which rely …
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BankingCurrency & ExchangeEconomyFinanceGovernment PolicySouthern Africa
Bank of Zambia Withdraws Nearly Half of Old Currency From Circulation
The Bank of Zambia (BoZ) has announced that almost half of the country’s old banknotes have now been withdrawn from circulation as part of its ongoing currency replacement programme. Speaking …
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EconomyFinanceGOVERNMENTLabourSocial ProtectionSouthern Africa
COSATU Slams SASSA Over Postbank Contract Termination
The Congress of South African Trade Unions (COSATU) has strongly criticised the South African Social Security Agency (SASSA) for its decision to end its long-standing service agreement with the Postbank. …