AFRICA BUSINESS

South Africa is in serious trouble

South Africa has been hit by some of the highest tariffs of any country, with increased duties placed on its goods exported to the United States. At 30%, the tariffs on South Africa are the thir...

By Staff reporter | Published: 20 August 2025

AFRICA BUSINESS

Rand manipulators taken to ConCourt

The Constitutional Court will hear the Competition Commission's bid to overturn a ruling that cleared major banks of wrongdoing in a decade-long rand manipulation case. The proceedings are scheduled ...

By Staff reporter | Published: 19 August 2025

AFRICA BUSINESS

Mnangagwa delivers stark warning

In his final act as Southern African Development Community (SADC) Chairperson, President Emmerson Mnangagwa delivered a blunt critique of the regional bloc, warning that its failure to strengthen econ...

By Staff reporter | Published: 18 August 2025

AFRICA BUSINESS

Zimbabwe, Zambia unite to close energy gap

Leading corporates and energy sector stakeholders from Zimbabwe and Zambia met in Harare this week for the Energy Forum for Africa (EFA) networking event, aimed at fostering cross-border partnerships ...

By Staff reporter | Published: 13 August 2025

AFRICA BUSINESS

Motsepe's company faces R3.4 billion lawsuit

Patrice Motsepe's investment company, African Rainbow Capital (ARC), is now in a legal battle worth R3.4 billion with a US-based firm, Pula Group. The dispute started when Pula Group, led by a former ...

By Staff reporter | Published: 12 August 2025

AFRICA BUSINESS

Lesetja Kganyago has intentionally destroyed black businesses

In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically tar...

By Staff reporter | Published: 10 August 2025

AFRICA BUSINESS

South Africa on track to lose its crown in Africa

Due to unique trade and domestic challenges faced by South Africa, it could soon lose its crown position as Africa's largest economy.Azar Jammine, director and chief economist at Econometrix, highligh...

By Staff reporter | Published: 08 August 2025

AFRICA BUSINESS

South African Reserve Bank doubles down on new target

South African Reserve Bank Governor Lesetja Kganyago said inflation is expected to quicken over the next couple of months before cooling and that if it holds at current levels its forecasts predict lo...

By Staff reporter | Published: 08 August 2025

AFRICA BUSINESS

Why was Makate penalised for SCA Judges' mistakes?

Nkosana Makate has criticised the Constitutional Court for requiring him to pay Vodacom's legal costs in the latest round of his case against the operator over compensation for his Please Call Me Idea...

By Staff reporter | Published: 04 August 2025

AFRICA BUSINESS

South Africa's debt-to-GDP ratio worsens under Ramaphosa

South Africa's economy is under severe pressure, and economists are worried that the country's debt-to-GDP ratio is heading to crisis levels.South Africa's GDP has averaged about 1.1% growth over the ...

By Staff reporter | Published: 31 July 2025

AFRICA BUSINESS

The JSE is shrinking

The number of listed companies listed on the Johannesburg Stock Exchange (JSE), Africa's largest stock exchange, is shrinking, with hundreds of companies having delisted over the decades. Experts...

By Staff reporter | Published: 29 July 2025

AFRICA BUSINESS

Comesa launches seed labelling, certification system

The Common Market for Eastern and Southern Africa (COMESA) has launched a regional seed certification and labelling system designed to enhance seed quality, strengthen cross-border trade, and improve ...

By Staff reporter | Published: 30 June 2025

AFRICA BUSINESS

Dr Elombi appointed new Afreximbank President

Shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the new President and Chairman of the Board of Directors of the continental financial institution, marking ...

By Staff reporter | Published: 28 June 2025

AFRICA BUSINESS

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to A...

By Staff reporter | Published: 28 June 2025

AFRICA BUSINESS

Intra-African trade up 12% on free trade area

Intra-African trade experienced a significant rebound in 2024, rising by 12.4 percent to reach US$220.3 billion, according to the African Trade Report 2025. This increase marks a strong recovery follo...

By Staff reporter | Published: 26 June 2025

AFRICA BUSINESS

SADC pushes for education reform to spur industry

Ministers from southern Africa have called for sweeping reforms to education systems across the region, citing the urgent need to align learning with industrialisation, regional integration and socio-...

By Staff reporter | Published: 24 June 2025

AFRICA BUSINESS

Starlink seller shuts down in South Africa

One of South Africa's biggest Starlink kit and accessories importers, IcasaSePush, has shut down operations.The company explained it was stepping back from the market as its continued presence was do...

By Staff reporter | Published: 10 June 2025

AFRICA BUSINESS

Ramaphosa gets a R26.5bn World Bank loan

The World Bank has approved a $1.5 billion (approximately R26.5 billion) loan to support structural reforms aimed at boosting South Africa's infrastructure.The Washington-based lender said in a state...

By Staff reporter | Published: 10 June 2025

AFRICA BUSINESS

South Africa seizes Starlink equipment

The Independent Communications Authority of South Africa's (Icasa's) investigation into Starlink distributor IcasaSePush has resulted in authorities confiscating the company's equipment.Icasa chair Mo...

By Staff reporter | Published: 03 June 2025

AFRICA BUSINESS

Tanzania bans US dollar

Tanzania has banned the use of foreign currencies for buying and selling goods and services inside the country. The Bank of Tanzania (BoT) announced the measure on May 2, stating that from now on, all...

By Staff reporter | Published: 21 May 2025

AFRICA BUSINESS

EFF slams Johann Rupert's state capture project

The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...

By Staff reporter | Published: 21 May 2025

AFRICA BUSINESS

Big swing for the South African rand

The rand has recovered significantly after the chaos of the past week, pulling back below R19 to the dollar as both the US tariff was and shakiness in the Government of National Unity (GNU) ease.Afte...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

South Africa's electricity prices have risen by over 600% since 2008

South Africa's electricity prices have skyrocketed by more than 600% since 2008, far outpacing headline inflation and becoming a key structural driver of rising costs across the economy. This relentl...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

By Bloomberg | Published: 12 September 2023

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023
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