Growthpoint Properties, South Africa’s largest real estate investment trust, said it's running out of diesel to operate generators at some of its buildings as the country grapples with the worst electricity shortage since 2019.
Absa Group, South Africa’s third-biggest bank, announced sweeping changes to its executive committee after facing criticism over the lack of diversity within its management structure.
The South African Reserve Bank Governor Lesetja Kganyago outlined the central banks plans for interest rates for the coming month.
Oil took a breather after a three-day rally as concerns over a demand-sapping recession filtered back into the market, overshadowing signs that global stockpiles and supply continue to tighten.
For years, investors valued Facebook’s parent company as if its growth would never falter. Now that it has, fund managers who buy cheap, out-of-favor stocks are finally getting a chance to own shares of Meta Platforms Inc.
Netflix Inc is looking to Asia after its shock first-quarter slowdown, seeking to both maintain growth in the one region where it’s still adding subscribers and replicate its success there in other parts of the world.
South Africa’s power utility said most of its workforce is in place, despite some ongoing demonstrations that started last week after a breakdown in wage negotiations, though generation capacity has yet to improve.
Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding.
South Africa’s governing African National Congress in the Gauteng province, the nation’s economic hub, elected new leaders on Sunday who face the daunting task of shoring up the party’s flagging support ahead of 2024 elections.
The most popular trade in emerging markets this year - betting on commodity-exporting nations - is losing its appeal.