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


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

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

By Staff reporter | Published: 02 June 2022


Kenya declares three days of mourning for Mugabe

Kenyan President Uhuru Kenyatta declared three days of mourning for the former Zimbabwean President Robert Mugabe on Friday, describing him as a "shining beacon of Africa's liberation struggle."In a p...

By Staff reporter | Published: 06 September 2019


Break down trade barriers - AfDB chief

Elimination of barriers could potentially spur Africa's trade by 53 percent and eventually double in the medium term, Akinwumi Adesina, president of Africa Development Bank has said. Adesina made the ...

By Business Writer/AfDB | Published: 14 June 2019


South Africa moves to tighten job terms, expats fear expulsion

Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...

By Reuters | Published: 28 April 2019


Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...

By Reuters | Published: 28 April 2019


South Africa introduces R50 and R500 coins to celebrate 25 years of democracy

The South African Mint has unveiled a set of new R50 and R500 collector coins, celebrating the country's 25 years of democracy."This week 25 years ago, South Africans went to the polls in the country'...

By Staff reporter | Published: 26 April 2019


Namibia mulls end to 25-year rand peg

Namibia is growing tired of the economic pain caused by the volatile rand and is considering ending a 25-year-old peg to the SA currency.The government in Windhoek is weighing options to amend the cur...

By Staff reporter | Published: 23 December 2018


South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018


SADC tells Chamisa to get real

Sadc Executive Secretary Dr Stergomena Lawrence Tax has advised the opposition MDC Alliance that President Emmerson Mnangagwa's legitimacy is indisputable, underscoring that the regional bloc is prepa...

By The Sunday Mail | Published: 03 December 2018


Comesa plans to set up regional energy regulator

THE Common Market for Eastern and Southern Africa (Comesa) plans to establish a regional energy regulatory authority to enhance sustainable energy investment and development.Comesa is a regional group...

By Staff reporter | Published: 16 July 2018


Ramaphosa loyalists take over SARS

Changes in the South African Revenue Service top leadership were announced internally on Thursday, with two loyalists to suspended commissioner Tom Moyane shifted out of key posts and a new head of th...

By businesslive | Published: 05 July 2018


How to identify fake Mandela bank note or coin

The South African Reserve Bank (SARB) recently launched a new public awareness campaign alongside the introduction of the new Mandela commemorative series of banknotes and R5 circulation coin.As part ...

By Staff reporter | Published: 05 July 2018


Comesa Summit appoints Ngwenya successor

DELEGATES to the 20th Common Market for Eastern and Southern Africa (Comesa) Heads of States and Government Summit will appoint a new secretary general to the regional trading body next month to take ...

By Staff reporter | Published: 20 June 2018


Fitch Ratings affirms SA's rating at BB+

Fitch Ratings has affirmed SA's credit rating of junk status, warning of low growth and 'sizeable government debt'.Fitch kept SA's rating at BB+ with a stable outlook, as expected, after a host of mee...

By Staff reporter | Published: 15 June 2018


SAPP gets fresh mandate

THE Southern African Power Pool (SAPP) will construct a new facility in Zimbabwe to expand its existing home and cater for increased staff after getting a new mandate from its 12-member electricity pr...

By Staff reporter | Published: 07 June 2018


Zuma fighting Ramaphosa's economic reforms

South Africa's former leader Jacob Zuma is impeding a crackdown on corruption by the ruling African National Congress (ANC) under President Cyril Ramaphosa, the head of the communist party said.The AN...

By Reuters | Published: 05 June 2018


'State-led industrialisation key for Africa'

African Development Bank Group (AfDB) president Akinwumi Adesina has said State-led industrialisation will drive millions out of poverty, as the bank announced a $35 billion investment over 10 years t...

By Staff reporter | Published: 22 May 2018


Zimbabwe/SA launch joint crime-busting operation

ZIMBABWE and South Africa last week launched a multi-disciplinary joint crime-busting operation targeting cross-border criminals.The operation, code-named Cross-border Operation Basadi (basadi means w...

By Staff reporter | Published: 21 May 2018


No big shock for Zimbabwe in AfCFTA

THE African Continental Free Trade Area (AfCFTA) will give countries like Zimbabwe a wider market to export goods, an expert has said, discounting concerns the economy would be overrun by its biggest ...

By Staff reporter | Published: 14 May 2018


Namibia jumps to Cheda's defence

NAMIBIA Justice minister Sekeuse Shanghala has jumped to the defence of former Bulawayo High Court judge, Justice Maphios Cheda, who is under fire from local pressure groups for allegedly grabbing lan...

By Staff reporter | Published: 26 April 2018


Responsible investors channel over $400bn into Africa

Responsible investment in Africa continues to rise. According to the latest data from the 2017 African Investing for Impact Barometer (AIFIB), there has been an increase in investments on the continen...

By Agencies | Published: 18 April 2018


'The start of an African economic resurgence'

Anil Agarwal, the Chairman of Vedanta Resources Plc, today outlined a Path to Growth for the Konkola Copper Mines (KCM), a Zambian subsidiary of the diversified global mining and resources company. Th...

By Staff reporter | Published: 12 April 2018


White South African farmers packing for Perth

Australian Minister of Home Affairs Peter Dutton on Wednesday said his department is looking into methods that would facilitate the fast-tracking of visas for white South African farmers who want to r...

By Staff reporter | Published: 14 March 2018

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