The iconic 34-storey “Absa Building” in Cape Town’s central business district is coming to market as a mixed-use development known as Foreshore Place. It is the second-tallest building in the …
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South Africa
South Africa is facing a risk of an unprecedented level of load shedding this week after units at two of its coal-fired power plants broke down. Eskom earlier on Sunday …
- AfricaAFRICA NEWSEnergyNewsSouth AfricaSouthern Africa
South Africa’s Eskom targets 32% power tariff increase for next year
South Africa’s struggling utility Eskom is seeking an average power tariff increase of just over 32% for the financial year that starts on April 1 2023, much higher than originally …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsSouth AfricaSouthern Africa
FirstRand declares highest dividend payout in its history
FirstRand, South Africa’s biggest banking group by market value, will pay a record dividend to shareholders as the bank benefits from a post-pandemic resurgence. The company, which owns First National …
- AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South Africa may lose 53% of graduates to emigration, survey shows
About half of South Africa’s top earners and university graduates are considering emigration as citizens lose faith in the country’s future, the Social Research Foundation said, citing a survey it …
- BusinessSouthern AfricaTechnology
South Africa’s state owned power utility hits 100 days of load-shedding in 2022
South Africa’s state-owned power utility has implemented power cuts on 100 days in 2022, with more to come. Eskom Holdings SOC Ltd. ramped up outages to so-called stage-4 load shedding, …
- AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Banking transactions show slow recovery in South Africa
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
- BusinessSouthern AfricaTransportation & Logisitics
SA Express gets placed by high court in final liquidation
The high court has placed SA Express (SAX) in final liquidation on Wednesday, after it went into provisional liquidation already in April 2020 when a business rescue attempt failed. It …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
France’s Canal+ doubles stake in MultiChoice in a year
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
- AfricaAFRICA NEWSMobile Telecommunications Network (MTN)NewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Operators call for consultation over government’s plan to shut 2G and 3G services in South Africa
South Africa’s biggest telecommunications operators, Vodacom, MTN and Telkom, have called for more consultation over government’s plan to terminate 2G and 3G services by 2025. The companies have warned that further …