South Africa

A poor start to the year, specifically caused by a strike at its snacks and treats division and a decline in volume at its bakeries has resulted in a decrease …

Effective from july 1 Willie Lategan will take over from Saks Ntombela as Hollard Group CEO.  Lategan, an actuary by training is a former group chief financial officer and currently …

African Development Bank (AfDB) president Dr Akinwumi Adesina says the development finance institution is ready to support South Africa’s transition from coal to renewable energy and announced that a just energy transition facility was being …

Johannesburg, South Africa’s biggest city, needs R26 billion rand to stabilize power supply, Mayor Mpho Phalatse said. However, the city only has R7.7 billion for a budget that includes other …

The U.S. government has announced the extradition of a Nigerian, Chibundu Anuebunwa, a suspect accused of a multi-million dollar business email compromise scam. Mr Anuebunwa was extradited from the United …

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 …

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 …

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 …

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 …