13h04 Sub-Saharan Africa's public debt load is stabilising but the region's economies face mounting headwinds due to slowing global growth that will weigh on exports, the International Monetary Fund (IMF) said on Friday.
18/10 South Africa's plans to boost
electricity generation over the next decade will be a mix of
renewable energy and coal power, Energy Minister Gwede Mantashe
said on Friday, as nationwide power cuts entered a. . .
18/10 The South African government is
working on a request for information (RFI) for power supply
options that could come online quickly to help address power
cuts, acting deputy director general for energy planning Thabang
Audat. . .
18/10 South Africa's plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a significant role as well as more renewable energy,. . .
18/10 South Africa's rand inched firmer early on Friday, clinging on to the strong gains it made in the previous session, after the country's cabinet approved a long-delayed plan for electricity generation.. . .
17/10 South Africa's rand firmed
on Thursday after the country's cabinet approved the
promulgation of its long-delayed plan for electricity generation
amid nationwide power cuts by state utility Eskom.. . .
17/10 Zimbabwe is cancelling a deal struck with South African logistics group Transnet to recapitalise National Railways of Zimbabwe (NRZ), a government official said on Thursday, blaming the consortium for not providing. . .
17/10 South Africa has started
discussions with power producers to try to get cheaper
electricity from some older renewable energy projects and give
the economy a boost, several participants in the talks say.. . .
17/10 Finance Minister Tito Mboweni said on Thursday that South Africa's mid-term budget may be presented on Oct. 29, a day earlier than scheduled, to accommodate President Cyril Ramaphosa's travel plans.. . .
17/10 South Africa's rand inched lower early on Thursday, extending the previous session's sharp drop as the latest nationwide power cuts by state utility Eskom renewed fears of credit ratings downgrades.. . .
16/10 South Africa was hit by
power cuts on Wednesday after a number of Eskom generating units
broke down, highlighting the challenge facing President Cyril
Ramaphosa in rescuing the state power firm.. . .
16/10 Mediclinic International Plc said on Wednesday it expects higher first-half core earnings, as the healthcare company's Swiss business adjusted to regulatory changes and its Southern Africa and Middle East operations performed. . .
15/10 Former South African
president Jacob Zuma will appeal a high court decision to deny
him a permanent stay of prosecution on charges related to a $2
billion arms deal, his lawyers said on Tuesday.. . .
15/10 South Africa's rand firmed early on Tuesday, resuming last week's rally after the previous session's dip as investors were again lured by the currency's higher potential return amid a calmer local. . .
14/10 The South African rand on
Monday retreated from a three-week high it hit in the previous
session, as a lack of clarity on U.S.-China trade relations
pushed investors back to safe havens and hurt. . .
14/10 Offshore investors sold a net 3.9 billion rand ($263
million) of South African stocks last week and 851 million rand in bonds, data from the
Johannesburg Stock Exchange showed on Monday.
STOCKS. . .
14/10 The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect African markets on
- - - - -
Asian share. . .
10/10 The United States on
Thursday sanctioned the three Gupta brothers at the centre of
the South African corruption scandal that contributed to the
downfall of former President Jacob Zuma, saying they had
misappropriated state assets.. . .
10/10 South Africa's rand firmed on Thursday, as the dollar retreated on global markets, with safe-haven demand for the U.S. currency waning as investors grew optimistic about a trade deal between the. . .
10/10 Ratings agency S&P Global's South Africa analyst said on Thursday there was no immediate pressure to change the country's sovereign rating, despite weak economic growth and a growing debt burden.. . .
09/10 The World Bank on Wednesday cut
its economic growth forecast for sub-Saharan Africa for 2019 to
2021 by 0.2 percentage points from its earlier projection,
citing a slowdown in fixed investment and policy uncertainty. . .
09/10 Zimbabwe hiked its average
electricity tariff by 320% on Wednesday to ramp up power
supplies at a time of daily blackouts, but the move will anger
consumers already grappling with soaring inflation that is
eroding. . .
09/10 South African business confidence improved in September, recovering from a 34-year low in the previous month as exports and vehicle sales increased while economic activity picked-up, a survey showed on Wednesday.. . .
08/10 South Africa's rand and stocks weakened on Tuesday as concerns over the upcoming U.S.-China trade talks and escalating tensions between London and Brussels sparked a flight to safety, denting appetite for. . .
08/10 Rwanda's Mara Group launched two smartphones on Monday, describing them as the first "Made in Africa" models and giving a boost to the country's ambitions to become a regional technology hub.. . .
07/10 South Africa's rand weakened
against the dollar on Monday after China was reported to be
reluctant to agree to a broad trade deal with Washington,
casting doubts on trade talks due to start this. . .
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