African nations at risk of debt distress despite growth – IMF
The International Monetary Fund on Tuesday warned that Sub-Saharan African nations are at growing risk of debt distress. This came in the IMF regional economic […]
South Africa
FIFA 2026 World Cup: Trump’s threat bites as SA reviews support for Morocco
The South African Football Association (SAFA) has come back on its April 16 decision to support Morocco’s bid to host FIFA 2026 World Cup arguing […]
South Africa: flash floods hit drought-stricken Cape Town
Drought-stricken Cape Town was lashed by heavy rains overnight, leading to widespread localized flooding in areas around the metropole. Heavy rain throughout Wednesday has blocked […]
South African Airways urgently needs a new capital injection – CEO
South African Airways on Tuesday said it needs about 5 billion rand ($404 million) to cover immediate costs as the state carrier battles to stay […]
South Africa’s Ramaphosa quits Commonwealth summit amid protests at home
South Africa’s President Cyril Ramaphosa has cut short his visit to Britain to return to South Africa to deal with protests in the southern African […]
Ramaphosa sends envoys to seek $8 bln investment for South Africa
South African President Cyril Ramaphosa on Monday appointed a team of business and finance experts to seek $8 billion in investment to boost the economy […]
South Africa inks hotly-contested $4.7 billion renewable energy deal
South African government on Wednesday signed a long-delayed and hotly-contested renewable energy contract worth $4.7 billion with independent power producers (IPP). Energy Minister Jeff Radebe […]
AU launches world’s largest free-trade area, biggest economies out
Forty-four African countries on Wednesday launched a $3 trillion continental free-trade zone encompassing 1.2 billion people. But Nigeria and South Africa, the continent’s biggest economies […]
Zimbabwe doctors down tools as nationwide strike begins
Doctors at public hospitals in Zimbabwe have embarked on a nationwide strike demanding better wages, benefits, and work conditions, doctors’ unions said on Tuesday. The […]
South Africa’s MTN posts $279 million annual profit after Nigeria fine saga
MTN Group, Africa’s biggest mobile-network operator by sales, said it returned to profit in 2017 with earnings totaling 3.3 billion rand, or 182 cents per […]