South African Airways (SAA) continues to slide down the ranks of the world’s best airlines, dropping for the fourth consecutive year to its worst place on record. Meanwhile, Ethiopian Airlines …
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South Africa produces first military aircraft since the 1980s
The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel unveiled the Rooivalk, or red falcon, attack …
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South Africa’s Denel faces funding gap for restructuring
Cash-strapped state defence firm Denel will need around R3 billion (~$170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 …
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South Africa signs R11bn wind energy deals to tackle energy crisis
The South African government on Thursday signed three renewable energy deals worth R11 billion with independent producers to supply wind energy amid worsening blackouts in the country. The three agreements …
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MultiChoice acquires its first non-entertainment business
MultiChoice has acquired its first non-entertainment business, emergency response app Namola, which offers users a platform to rapidly share their location with emergency responders. Once dubbed the ‘Uber for police’, …
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AFDB offers South Africa a financing deal to raise $41bn
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 …
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As COP27 looms, Africa receives a 10th of climate financing it needs
As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …
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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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Binance creates a new global Advisory Board, appoints two Africans
Leading cryptocurrency exchange, Binance, has announced the creation of a new Global Advisory Board (GAB). The new board is composed of well-known 11 members who are experts in public policy, government, …
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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 …