November 27, 2022
South Africa: Fitch Maintains Stable Outlook for SA, but Flags Power Supply and Public Wages Woes
Credit rating agency Fitch on Friday affirmed South Africa's long-term foreign and local currency debt ratings at BB- and maintained a stable outlook. Read more »
November 24, 2022
South Africa: Clicks to Buy Popular Sorbet Beauty Salons' Holding Company for R105m
Retail and pharmaceutical group Clicks plans to buy Sorbet Holdings, which owns more than 190 popular Sorbet beauty salons for R105-million. Read more »
November 23, 2022
South Africa: Government Lost R12 Billion to Non-Compliance and Fraud, Latest Auditor-General Report Reveals
While there has been a slight increase in clean audits from the Auditor-General, the government lost R12bn related to non-compliance and fraud, and service delivery departments and… Read more »
November 16, 2022
South Africa: Racist Incidents At Stellenbosch University a 'Pushback' Against Change, Says Prof Jonathan Jansen
The recently released report on an investigation into allegations of racism at Stellenbosch University, authored by retired judge Sisi Khampepe, has highlighted how the university… Read more »
South Africa: Parents of Dead Children Call for President to Launch Inquiry Into Enyobeni Tavern Tragedy
Families who lost children in the Enyobeni Tavern tragedy, and civil society organisations, have launched a petition calling on President Cyril Ramaphosa to help them get justice… Read more »
November 15, 2022
South Africa: Power Utility Warns of Another Six to 12 Months of Rolling Blackouts
South Africans are in for a dim festive season. Eskom has announced that 'protracted load shedding' will continue for 'six to 12 months', as major repairs and capital investment… Read more »
South Africa: South Africa Abstains From UN Resolution Demanding Russia Pay War Damage Reparations to Ukraine
Pretoria has so far abstained from every UN resolution addressing Russia's war against Ukraine. Read more »
November 13, 2022
South Africa: Ster-Kinekor Pulls Off Mission Impossible By Successfully Exiting Business Rescue
The cinema group's fortunes are on the rise as investors, blockbuster movies and higher audience numbers help pull it out of a financial funk. Read more »
South Africa: Cash-Strapped ANC Considers Selling Off Assets to Pay Off R500 Million in Arrears
The draft financial report delivered by ANC Treasurer General Paul Mashatile to the NEC at the weekend indicates the dire state of the governing party's finances. Read more »
November 10, 2022
South Africa: Malema Has No Problem With Being Taken to Court for Not Retracting 'Killing Is a Revolutionary Act'
EFF leader Julius Malema will not retract words found to constitute incitement of violence, hate speech and possibly other transgressions of the Promotion of Equality and… Read more »
South Africa: South Africa's R1.5-Trillion Plan for Decarbonising in the Next Five Years
In a nutshell, the plan focuses on decarbonising and developing three key sectors: electricity, new-energy vehicles and green hydrogen. It will cost about R1.5-trillion. Read more »
November 09, 2022
South Africa: Busisiwe Mkhwebane's Legal Team Back in the House - Ret's Reserve Bank Dystopia Explained
Suspended Public Protector Busisiwe Mkhwebane's legal team, led by advocate Dali Mpofu, was virtually back in the benches as day 33 of her Section 194 impeachment inquiry remained… Read more »
November 07, 2022
South Africa: US Treasury Sanctions Four 'Members of ISIS Cell in South Africa'
Four Durban men were named by the US Treasury on Monday as allegedly being part of an Isis cell in South Africa. Four companies linked to the men have also been added to US… Read more »
November 01, 2022
East Africa: Success of East African Community Peace Process Hinges On Regional Coordination On Eastern DRC Conflict
The bloc's first-ever troop deployment to a member country will test its capacity to resolve complex conflicts. Read more »
South Africa: Cape Town Skateboarder in the Guinness World Record Books Again
Born with chronic asthma, Jean-Marc Johannes was not allowed to play any sport despite his longing to be active. Now he is a multiple Guinness World Record holder for skateboarding… Read more »
October 30, 2022
Africa: Ethiopian Peace Talks in South Africa Will Continue Into Monday - Sources
The organisers have been maintaining almost complete radio silence about the talks, making it very difficult to assess progress. Read more »
October 27, 2022
South Africa: Former Power Utility Chief Arrested, Out On R300,000 Bail
Former Eskom chief executive Matshela Koko, after sitting for five hours in the Middelburg Magistrates' Court in Mpumalanga, has been released on bail of R300,000. Read more »
South Africa: Western Embassies Repeat U.S. Warning of Possible Terror Attack in Sandton
The South African government has downplayed the US embassy's warning of a possible terrorist attack in Sandton on Saturday but other Western embassies are taking the threat more… Read more »
Africa: Populism Is a Rising Threat and Poses a Clear and Present Danger to Africa - Authors Warn
Populism as a rising global phenomenon is a danger to democracies around the world, from its extremist Latin American roots to liberation movements in Africa and the rise of a new… Read more »
October 26, 2022
South Africa: Mini Budget - Increased Tax Collection the Silver Lining in Godongwana's Medium-Term Policy Statement
Revenue collection from individuals and tax is up, exceeding February's projections. Read more »
South Africa: Mini Budget - Some SOE Bailouts, R350 Grant Extension As Numbers Signal Improved Debt and Better 2023 Outlook
Transnet gets its bailout, as does Denel and Sanral. And the social relief of distress grant is extended to April 2024. Under the motto of restoring public financial health, much… Read more »
South Africa: Mini Budget - Disaster Relief Following April Floods Is Bumped Up to R7.1-Billion
Finance minister Enoch Godongwana said it is clear that South Africa needs to improve its resilience to extreme weather. Read more »
South Africa: Mini Budget - the Government Plans to Take Over a Portion of Eskom's Debt to Ease the Burden
Eskom's debt stood at R356.8-billion in 2021, according to the power utility's last published annual financial statements. The government plans to take over a portion of Eskom's… Read more »
South Africa: Mini Budget Highlights - the MTBPS in a Box
Here are some of the highlights of the 2022 Medium-Term Budget Policy Statement presented on Wednesday by Finance Minister Enoch Godongwana. Read more »
South Africa: Mini Budget - Godongwana Goes Against 'Tough Love' Approach to SOEs By Giving Them More Taxpayer Bailouts
Transnet, Denel, and Sanral will receive government bailouts worth R30-billion. The support to Transnet is a big deal because the state-owned ports and freight rail operator hasn't… Read more »