Nedbank says it has completed its major restructuring plan for the organisation, but the South African banking group warned that its performance for 2025 will likely remain weak. The update …
South Africa economy
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BankingFinancial MarketsINVESTMENTSouth Africa Economy
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EconomyForeign ExchangeINVESTMENTSouth Africa
South African Rand Holds Steady as Investors Await Local Economic Drivers
The South African rand traded flat against the U.S. dollar on Tuesday, extending a two-week stretch of stability as investors kept watch for domestic economic triggers. By 8:15 GMT, the …
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Business InsightsEconomyEnergyGovernment PolicyInfrastructureSouth Africa
Eskom Promises End to Load Shedding in South Africa Until March 2026
South Africa’s electricity utility, Eskom, has announced that the country will not experience load shedding throughout the coming summer. This means from September 2025 until the end of March 2026, …
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DevelopmentEconomyGOVERNMENTInfrastructure
Ramaphosa: R1 Trillion Set for Infrastructure to Grow Economy
President Cyril Ramaphosa has reaffirmed the South African government’s plan to invest more than R1 trillion in infrastructure over the next three years to improve the nation’s roads, ports, rail …
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EconomyEnergyEnvironmentFinance & ServicesInfrastructureTechnology
South Africa’s PIC Commits R656 Million to SA-H2 Fund
The Public Investment Corporation (PIC), which is South Africa’s state-owned asset manager, has committed a significant amount of money—R656 million—to the SA-H2 Fund. This fund is a blended finance project …