Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
South Africa revival needs reform jumpstart, business lobby says
25th July 2024 South Africa’s new multi-party administration must prioritise reviving State-run port, water and power networks and work to automate processes to... →
South African inflation slows as food and transport costs cool
24th July 2024 South Africa’s inflation rate slowed slightly in June, touching a six-month low and potentially encouraging the central bank to consider cutting... →
African nations turn to gold to protect against currency losses
24th July 2024 African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned... →
WTO members push to expedite an Okonjo-Iweala second term bid
23rd July 2024 A sizable portion of World Trade Organization (WTO) members supported a move from a group of African countries pushing for Director-General Ngozi... →
Ratings company to serve Africa set to be ready by next year
22nd July 2024 A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an African... →
South Africa to hold rates before President’s key economy speech
18th July 2024 For the first time this year, economists are divided over whether South Africa’s central bank will continue to leave interest rates at a 2009 high... →
South Africa wants to fix ‘hostile’ skilled worker visa regime
18th July 2024 South Africa must fix a dysfunctional work permit system or sacrifice economic growth, the country’s new Home Affairs minister said, pledging to... →
Fintechs fly planes of cash into Zimbabwe to meet demand for Dollars
17th July 2024 At least once a month — and sometimes as often as three times a week — a private plane lands in a secure part of Robert Gabriel Mugabe... →
African economies seen delaying joining cycle of global easing
17th July 2024 African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight... →
South Africa tells UK carbon border tax will deepen inequality
16th July 2024 South Africa has told the UK that its plans to impose a carbon tax on imported goods will deepen global inequality and hamper Africa’s ability to... →
South Africa plans US mission to lobby against review of ties
15th July 2024 South Africa’s newly formed government will use an upcoming forum on US preferential trade access to push back against a Senate review of ties... →
Zimbabwe bankers back plan to adopt ZiG as sole currency before 2030
15th July 2024 Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date of 2030, provided the economic stability... →
South Africa storms in Western Cape cause damage to 35 000 homes
12th July 2024 Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35 000 households in the city of Cape Town,... →
New Minister backs health insurance revamp
11th July 2024 South Africa’s new health minister backed a recent law that will lay the groundwork for universal national health insurance, an indication of his... →
US lends $99m to Mozambique’s first wind-power project
10th July 2024 The US International Development Finance Corp (DFC) approved a loan of as much as $99-million to help finance Mozambique’s first utility-scale... →
Conflict in Congo threatens trade in key metals, UN experts say
9th July 2024 Companies buying metal sourced from central Africa could be exposing themselves to UN sanctions for supporting war in eastern Democratic Republic... →
Crops hit by black frost may trigger food shortage, farmers' organisation warns
9th July 2024 Black frost hit crops in South Africa’s northernmost Limpopo province, with a key farmers’ organisation warning of looming food shortages in the... →
South Africa inflation expectations dip before rate decision
5th July 2024 South African inflation expectations for the next two years declined, signalling progress in the central bank’s efforts to rein them in before its... →
South Africa extends temporary visa concession for applications
4th July 2024 Newly sworn in South African Home Affairs Minister Leon Schreiber has extended a temporary concession for foreign nationals who are currently... →
Lawmakers revive Spending Bill under new government
3rd July 2024 South African lawmakers, in their first vote since a new government was formed, agreed to revive a bill allowing the National Treasury to release... →
South Africa seeks to renegotiate coal pact tied to $2.6bn
3rd July 2024 South Africa is seeking to alter the terms of a landmark agreement under which it promised to cut its reliance on coal in exchange for access to... →
Kganyago welcomes Godongwana's reappointment as Finance Minister
2nd July 2024 South African central bank Governor Lesetja Kganyago welcomed the reappointment of Finance Minister Enoch Godongwana in the new coalition cabinet... →
Modi is shoring up Russia ties as Putin deepens China embrace
2nd July 2024 Worried by deepening China-Russia relations, Indian Prime Minister Narendra Modi is heading to Moscow next week for talks with President Vladimir... →
South Africa expected business conditions surge to two-year high
1st July 2024 An index tracking expected business conditions in six months’ time for the South African manufacturing industry jumped to the highest level since... →
Happening in Parliament this week
1st July 2024 Parliament will conduct an induction programme for new Members of Parliament from Tuesday to Thursday. The induction will cover various topics,... →
South Africa opposition makes debut in Ramaphosa’s unity Cabinet
30th June 2024 South African President Cyril Ramaphosa announced his new Cabinet, allocating ministerial posts to opposition politicians while retaining close... →
Xi calls for Global South to play bigger role on world stage
28th June 2024 Chinese leader Xi Jinping called for the Global South to have a greater say in international affairs, stepping up his efforts to challenge the... →
South Africa nears completion of new government; Rand rallies
28th June 2024 South Africa is close to concluding discussions on forming a new government, the African National Congress said. The rand jumped. “Almost done with... →
Cabinet talks stall after ANC withdraws trade offer
27th June 2024 Talks between South Africa’s two biggest political parties on forming a cabinet stalled after the African National Congress withdrew an offer to... →
Rand resumes losses as South Africa Cabinet delay fuels angst
27th June 2024 South Africa’s currency fell the most in emerging markets Thursday, leading a selloff in the nation’s assets, amid growing anxiety over delays to... →
South Africa achieves first primary budget surplus in 15 years
27th June 2024 South Africa achieved its first primary budget surplus in 15 years as it took a stern approach to funding State-owned companies that have drained... →
Radioactive device on rhino horns rolled out to fight poaching
26th June 2024 Beckham, a 1.7 tt rhino named after the English footballer, on Tuesday had a radioactive pellet drilled into his horn as a program to discourage... →
South Africa risks losing billions pledged for climate finance
25th June 2024 South Africa is risking a $9.3-billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by... →
More Asian nations want to join Putin, Xi in expanded BRICS
21st June 2024 As Russian President Vladimir Putin and Chinese Premier Li Qiang wrapped up separate meetings in Southeast Asia this week, the two partners in the... →
Eskom wins South African appeal to keep five polluting power plants open
20th June 2024 South Africa’s State power utility and biggest source of air pollution won an appeal to keep five of its oldest plants open even though they are... →
South Africa sets target for resuming global rhino-horn trade
19th June 2024 South Africa, where 79% of the world’s rhinos live, said it aims to come up with a plan by the end of 2030 to dismantle an almost half-century ban... →
New government partners poised for Cabinet battle
18th June 2024 South African political parties that last week agreed to form a governing alliance are limbering up for a tussle over cabinet positions, as... →
Malaysia is planning to join Brics, Anwar says ahead of Li visit
18th June 2024 Malaysian Prime Minister Anwar Ibrahim said that the Southeast Asian nation will join the Brics economic bloc, becoming the latest country to take... →
Lesufi re-elected Gauteng Premier with DA support
14th June 2024 Lawmakers in South Africa’s Gauteng province, the nation’s economic hub, re-elected the African National Congress’s Panyaza Lesufi as Premier of... →
Markets cheer South Africa’s move to broad government alliance
14th June 2024 South African stocks rallied and the rand gained, defying the global selloff in risk assets, as investors cheered an agreement between rival... →
Transnet to boost rail for VW, other automakers
14th June 2024 Transnet said it’s in talks to run additional trains between a port in Gqeberha in the Eastern Cape province and the country’s commercial hub of... →
