South Africa
South Africa forecasts modest rise in stonefruit exports
CAPE TOWN: South African fruit growers’ body Hortgro says it is expecting a ‘normal’ stonefruit season, with year-on-year rises of...
South Africa consumer inflation breaches central bank’s target band in Sep
CAPE TOWN: Consumer price inflation in South Africa breached the central bank’s target band during the month of September, accelerating...
LPC-Banks line up jumbo loan for Allegro buyout
CAPE TOWN: Banks are lining up a large loan financing to back Cinven, Permira and Mid Europa's US$3.25bn acquisition of...
Iran’s exports to S.Africa up 93%
TEHRAN: The value of Iran’s exports to South Africa rose by $10.4 million in the first six months of the...
South African inflation data to provoke GBP/ZAR exchange rate volatility
CAPE TOWN: Stronger-than-expected UK inflation data helped to overshadow Brexit worries but failed to boost the Pound against the South...
Africa’s largest maritime summit opens in Durban
WASHINGTON: Maritime experts from across Africa are meeting at the 5th African Ports Evolution meeting in Durban. The two-day summit...
South African central bank participates in top African banks’ Blockchain network
CAPE TOWN: Africa's largest banks and South Africa’s Central Securities Depository, Strate, set up a Blockchain network that could have...
Banks’ fee income soars
CAPE TOWN: South Africa’s four largest full-service banks continue to grow non-interest revenue (NIR) aggressively, with the totals across the...
NOC to update ATC systems in South Africa
CAPE TOWN: Northrop Grumman Corp (NOC) will supply air traffic control (ATC) equipment to South Africa airports. (See Also: Northrop...
South Africa, Kenya sign agreement on Investments
CAPE TOWN: The governments of South Africa and Kenya have signed a Memorandum of Understanding on investment co-operation. The MoU...
Weaker rand hits Taste’s imports
JOHANNESBURG: The recent 3.4 percent depreciation of the rand against the US dollar following charges levelled against Finance Minister Pravin...
Siemens weighs bid on $3.7 bln South Africa LNG to power
CAPE TOWN: Siemens AG said it’s weighing a bid for a $3.7 billion project as South Africa’s program to generate...
SA’s medical aid premiums rise more than inflation rate
JOHANNESBURG: Medical aid premiums are rising yearly much more than the inflation rate. The World Health Organisation (WHO) said South...
Economic growth in sub-Saharan Africa drops to 1.6%
CAPE TOWN: The economic performance of sub-Saharan African countries will fall this year due to low commodity prices and tight...
Namibia invested N$110 bln in SA last year
CAPE TOWN: Namibia invested N$110 billion in South Africa last year in the form of pension funds, long-term insurance and...
South Africa’s business confidence lowest in 30 years
CAPE TOWN: Business confidence in South Africa fell to its lowest in three decades in September, reflecting uncertainty about the...
Africa’s food imports to hit $110bn by 2025, AFDB warns
CAPE TOWN: African countries must begin a manufacturing renaissance to take over from China as that country’s labour costs rise,...
South Africa picks ports for $3.7 bln LNG infrastructure
CAPE TOWN: South Africa will invest $3.7 billion at the ports of Richards Bay and Coega to build infrastructure for...
SA trade goes from surplus to deficit
JOHANNESBURG: Subdued economic activity has led to South Africa’s trade balance swinging to a deficit in August after three months...
South Africa posts 8.6 bln-rand trade deficit in august
CAPE TOWN: South Africa’s trade balance swung to a deficit in August after three months of surpluses as shipments of...
