October 22, 2023
South Africa: Airbnb Says It Contributed R23.5bn to South Africa's Economy Last Year
The online marketplace says short-term rentals are not only helping South Africans earn money, they provide guests with stays in parts of the country that are not traditionally… Read more »
October 19, 2023
South Africa: Police, Govt Department and Mine Owners 'All Contributed to Deaths' in Horror 2016 Collapse - Inquest
An inquest into the deaths of mineworkers Pretty Nkambule, Yvonne Mnisi and Solomon Nyirenda found that they probably died on the day the ground collapsed under a container at Lily… Read more »
East Africa: Standard Bank Ponders U.S.$120 Million Investment in East African Pipeline While Awaiting Clarifications
Standard Bank, one of Africa's biggest banks, has been under fire for its potential involvement in the controversial East African Crude Oil Pipeline project. The bank says the… Read more »
South Africa: South Africa Expected to Retain Its Agoa Status Despite Differences With U.S.
It is almost certain that South Africa's Agoa status will be renewed despite it and the US often being on opposite sides over geopolitical crises in the past year. Read more »
October 18, 2023
South Africa: Stats SA's Latest Figures Show Retail Trade Is Feeling the Pinch
Four of the seven retail categories included in the index contracted on a year-on-year basis, with food, beverages and tobacco in specialised stores, as well as furniture,… Read more »
South Africa: Consumer Inflation Rate Increases in September, Driven By Fuel and Food
All eyes will be on the food price basket to see if the outbreak of avian flu -- already negatively impacting the poultry industry -- will push the prices of chicken and eggs even… Read more »
October 17, 2023
South Africa: Amazon Set to Go Live in 2024
The American e-commerce giant announced it would be open for business in the new year, but kept its cards close to its chest, saying only that it would happen sometime 'in 2024'. Read more »
South Africa: Price Hikes On Basics Add Strain to Poor and Hungry South Africans As Grant Payment Glitches Persist
As the Social Development Department contends with the challenge of providing grants to 19 million South Africans, the high cost of living limits the impact of social security… Read more »
October 16, 2023
South Africa: End of Load Shedding 'In Sight', Says Electricity Minister
Still bleeding green and gold at the South African Green Hydrogen Summit in Cape Town on Monday, Electricity Minister Kgosientsho Ramokgopa equated the recent period of reduced… Read more »
South Africa: South Africa's Food Crisis - Avoidable, Unnecessary and Reaching Epidemic Proportions
Households are drowning in a relentless spiral of debt, high interest rates, various living costs increases, food price inflation, anxiety and desperation as they are forced to… Read more »
October 15, 2023
South Africa: Burgeoning Hydrogen Sector Touted As Potential Creator of 30,000 Jobs
In a country grappling with unemployment, green energy may help to turn the tide. Read more »
October 14, 2023
South Africa: Eskom, Transnet Ex-Board Members Blame 'Meddling' Minister Gordhan for Executive Exodus At Dysfunctional SOEs
In the wake of the exodus of top executives at failing state-owned enterprises responsible for South Africa's economic malaise, former board members blame Public Enterprises… Read more »
October 13, 2023
South Africa: Cape Town International Airport Runway Shut Down After Hydraulic Fuel Spill
Passengers were left frustrated on Thursday after the main runway at Cape Town International Airport was closed, causing flight delays and cancellations. Read more »
October 12, 2023
South Africa: 'Environment Minister' Ties the Knot With Her 'One True Love, Big Oil'
'We are gathered here today to join, in holy matrimony, Environment Minister Barbara Creecy with her one true love, Big Oil, while her jilted lover, Planet Earth cries silently.'… Read more »
Africa: The Irony of Africa Energy Week's Capture By the Oil and Gas Industry
As Africans, we must ask ourselves one question: how can we transition to renewable energy when we keep allowing entities with a clear and conflicting agenda to dominate our table?… Read more »
South Africa: French Government Officials Undeterred By Just Energy Transition Implementation Delays
The French government is not deterred by the slow pace of the implementation of the Just Energy Transition in South Africa. France has committed to investing billions of rands… Read more »
October 11, 2023
South Africa: UK Trade Envoy Says Blackouts Are Powering Foreign Investment in Renewables
Britain is seeking to expand its already large renewable energy footprint in SA, says UK trade envoy for South Africa, Andrew Selous. Read more »
October 10, 2023
South Africa: Public Hearings On Electricity Sector Overhaul Bring Out a Plethora of Socioeconomic Problems
From Eskom corruption, inaction and rotational power cuts, to unemployment, electricity thieves and tariffs -- all were tabled during public hearings on the Electricity Regulation… Read more »
October 09, 2023
South Africa: Eastern Cape Needs R3.8bn a Year to Fix Potholes and Maintain Roads
MEC for Transport and Community Safety in the Eastern Cape Xolile Nqatha has told the provincial legislature that R3.8-billion a year is needed for road maintenance. Potholes have… Read more »
South Africa: Crime, Corruption, Power Crisis and Logistical Deficits Mean Deep Trouble for SA's Mining Sector
Tipping over the edge will affect not only the South African, but the global economy, given the country's resources riches. And SA's metals and minerals are crucial to addressing… Read more »
October 05, 2023
South Africa: State-Owned Transport Group Leadership Exodus Continues As Another Executive Resigns
Mzimela has been facing enormous pressure to resign because under her watch, Transnet's rail network, which she manages, has become inefficient and unreliable for big industry. Read more »
South Africa: Western Cape Gets R1.2 Billion Boost From Cruise Industry
The docking of cruise ship Vasco da Gama in Cape Town is not a re-enactment of the Portuguese colonialist's 1497 arrival, but the opening of the cruise liner tourism season on 2… Read more »
October 04, 2023
South Africa: Lay-Offs in PGM Sector Are 'Inevitable' As Prices Sink and Costs Soar - Sibanye-Stillwater CEO
Sibanye-Stillwater CEO Neal Froneman has warned of 'inevitable' lay-offs in South Africa's platinum group metals (PGMs) sector in the face of prices which have collapsed from… Read more »
October 03, 2023
South Africa: Does Standard Bank's Clean Energy Funding Outweigh Its Controversial Dirty Energy Deal Facilitation?
Lungisa Fuzile, Standard Bank South Africa's chief executive, maintains that the bank has a strong commitment to renewable energy, financing R5 in renewable energy for every R1… Read more »
October 02, 2023
South Africa: Pick n Pay Hopes Summers Will Bring the Sunshine to End Its Gloomy Winter
The retailer's share price plummeted on Monday after it issued a dire profit warning. Read more »