In late June, the coldest part of the Southern Hemisphere winter, the power went out in South Africa. For as many as eight hours a day, right into early July, traffic lights went dark, factories and offices shut down, and…
South African public servants are preparing to reject a government wage offer, raising the prospect of the first major strike by state workers in more than a decade.
South Africa’s rand weakened past R18 per dollar for the first time since May 2020, as President Cyril Ramaphosa warned that rolling blackouts aren’t going away any time soon.
The great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100.
As the world finishes unpicking its Covid-19 travel restrictions, business trips and tourism are firmly back on the agenda — in most places, anyway. The question is, who to fly with?
South African billionaire Johann Rupert’s investment vehicle, Remgro Ltd., is planning to sell its stake in the local unit of energy giant TotalEnergies SE, according to people familiar with the matter.
The South African Reserve Bank's Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 75 basis points.
The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds.
South African power cuts should ease over coming days and the nation’s electricity supply will continue to improve over the medium term as new investments bolster generation, according to Public Enterprises minister Pravin Gordhan.
Surging rates of murder, extortion and kidnapping are among signs that crime is posing an “existential” threat to South Africa, according to a report by the Global Initiative Against Transnational Organized Crime.
© 2022, Instive. All rights reserved
