JOHANNESBURG – Shares in South Africa’s MTN Group rose 2.6 percent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding from the telecoms company […]
The narrow-minded would probably view the futility of the entire visit only by a fleeting wardrobe malfunction. In the amusing picture that had trended in the social media, visiting Prince Charles of Wales buttoned his […]
SYDNEY – David Miller and Faf du Plessis scored sparkling centuries in a partnership of 252 runs as South Africa beat Australia by 40 runs in a one-day international in Hobart on […]
JOHANNESBURG – South Africa’s anti-corruption watchdog said on Thursday that it was investigating Public Enterprises Minister Pravin Gordhan, a close ally of President Cyril Ramaphosa, for allegedly abusing his powers during his time […]
JOHANNESBURG – The African Development Bank plans to lend South African power utility Eskom around $720 million (10 billion rand) in 2019 and 2020, the bank’s president Akinwumi Adesina said. “We plan to […]
Perth – Young South Africa speedster Lungi Ngidi has singled out Australia’s newly-appointed 50-over captain Aaron Finch as a major threat to his side’s chances in the three match one-day […]
JOHANNESBURG – South Africa’s unemployment rate rose to 27.5 percent in the third quarter from 27.2 percent in the second quarter, the country’s statistics office said on Tuesday. There were 6.2 million people without jobs […]
JOHANNESBURG – MTN Group, Africa’s biggest mobile operator, reported a 1.1 percent rise in quarterly user base on Monday, helped partly by strong performances in Nigeria, its largest but increasingly problematic market. The company […]
JOHANNESBURG – Moody’s said on Friday that a weaker fiscal outlook in South Africa’s medium-term budget policy statement issued this week was a credit negative, sending the rand weaker. “The government’s revised budget […]
JOHANNESBURG – South African President Cyril Ramaphosa used an investment summit on Friday to reassure investors that his government was committed to protecting property rights as it pursues plans to accelerate the pace of land […]
JOHANNESBURG – South African President Cyril Ramaphosa, saying he was in “repair mode”, opened an investment summit on Friday where he will seek billions of dollars of new spending pledges from foreign investors to haul […]
JOHANNESBURG – Shoprite Holdings, South Africa’s biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic […]
JOHANNESBURG – South African captain Faf du Plessis said his team were braced for a hostile reception from supporters and the media when they travel to play their “favourite” opposition Australia for a limited overs […]
JOHANNESBURG – South Africa’s state-run power firm Eskom said on Tuesday it is planning its first major battery storage project as President Cyril Ramaphosa seeks to boost renewable energy usage and reduce the country’s […]
DAR ES SALAAM – Seven Ethiopian migrants drowned after a boat carrying 13 people capsized off the coast of Tanzania while en route to South Africa, Tanzanian police said on Tuesday. Tanga Regional Police Commander […]
By Peter Ejiofor Johannesburg – As Xenophobia on Sunday reared its ugly head again in South Africa, Nigerians have lost more than nine shops to arsonists in Hillbrow, central Johannesburg. The Publicity Secretary of […]
CAPE TOWN – South Africa is likely to adopt new plans for the country’s car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around […]
JOHANNESBURG – South Africa’s President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations. The PIC is Africa’s […]
JOHANNESBURG – Riots in South Africa linked to public anger over poor government services and poverty have hit a record high in 2018, data showed on Wednesday, a sign one analyst said the ruling […]
JOHANNESBURG – Hundreds of South Africa’s Solidarity union members held a strike on Wednesday over a pay dispute at cash-strapped state-owned weapons manufacturer Denel. Denel, which produces military kit for South Africa’s army and foreign […]
JOHANNESBURG – An inquiry reviewing evidence on Tom Moyane, the suspended head of South Africa’s Revenue Service (SARS), issued an interim report on Tuesday urging President Cyril Ramaphosa to fire the tax official. The agency […]
CAPE TOWN – South Africa expects Moody’s to release its ratings review after next week’s medium term budget policy statement (MTBPS), Dondo Mogajane, the director general of the National Treasury said on Tuesday. Mogajane said […]
JOHANNESBURG – South African supermarket chain Pick n Pay Stores on Tuesday said half-year profit before tax jumped 19.1 percent as price cuts attracted more shoppers to its stores. The country’s second-biggest grocery store chain […]
JOHANNESBURG – South Africa’s Nedbank Group Ltd said on Monday it will buy back its stock from shareholders who hold less than 100 Nedbank shares as a result of a spin-off by its […]
Three goals from Odion Ighalo and one from Samuel Kalu gave the Super Eagles a 4-0 win over Libya in a 2019 AFCON Qualifier in Uyo, moving into second place in Group E. The Eagles […]
CAPE TOWN – Anti-apartheid cleric and Nobel laureate, Desmond Tutu, was discharged from a South African hospital on Friday after almost two weeks of routine tests, his foundation said. Tutu, who spent his 87 birthday […]
JOHANNESBURG – Pik Botha, who became the global face of South Africa’s reviled apartheid government as Pretoria’s minister of foreign affairs, has died aged 86 after a lengthy illness, the eNCA news […]
PRETORIA – South Africa has investment commitments of $35 billion as part of plans by President Cyril Ramaphosa to attract $100 billion over the next five years to revive the country’s flagging economy, his economic […]
JOHANNESBURG – The South African rand was steady early on Wednesday, after strengthening the previous day on news that President Cyril Ramaphosa had appointed former central bank governor Tito Mboweni as finance minister. The rand […]
CAPE TOWN – South Africa’s top anti-graft body said it would investigate whether the finance minister breached ethics guidelines over a state pension fund investment, piling pressure on Nhlanhla Nene as he faced questions about […]
CAPE TOWN – Toyota South Africa operations were halted on Monday at its Durban assembly plant and a Johannesburg warehouse due to a strike by the National Union of Metalworkers of South Africa (NUMSA), a […]
By Desmond Ejibas Port Harcourt – Chief Nnia Nwodo, President, Ohaneze Ndigbo worldwide, a pan-Igbo socio-cultural organisation, has urged Igbos living in South Africa to eschew violence and resolve their differences amicably. Nwodo gave […]
JOHANNESBURG – South Africa’s MTN Group shares rose as much as 2.55 percent after the Nigerian central bank governor said on Sunday the bank may reduce the amount it has ordered the telecoms firm to […]
JOHANNESBURG – South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover 32.69 billion rand ($2.25 billion) of costs incurred over the past three years through higher tariffs over […]
JOHANNESBURG – A senior analyst at ratings agency S&P Global said on Friday that South African President Cyril Ramaphosa’s stimulus plan did not affect the stable outlook on the country’s sovereign rating. Ramaphosa said […]
Johannesburg – South Africa has signed an extradition treaty with the United Arab Emirates, the justice minister said on Thursday, raising the prospect of the Gupta brothers, friends of former President Jacob Zuma, returning to […]
CAPE TOWN – South African telecoms regulator ICASA and the telecoms minister have agreed to settle court action over a tender for high demand spectrum that has curtailed the roll-out of broadband services, the […]
LONDON – The tiny size of South Africa’s stimulus programme means it is unlikely to have much of an impact, with fiscal constraints preventing the government from pumping in much new money, Moody’s lead analyst […]
JOHANNESBURG – Three South African unions have signed a three-year wage deal with AngloGold Ashanti, potentially inching the country’s gold industry a closer to ending a standoff over pay. South Africa’s gold mines have seen […]
Cape Town – South Africa on Monday issued a cholera alert following an outbreak in neighbouring Zimbabwe. “There is a significant risk that travellers from the outbreak-affected area may present with cholera in South Africa,’’ […]
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