NDB’s 9th annual meeting starts in Cape Town
The Ninth Annual Meeting of the New Development Bank (NDB) kicked off on Thursday at the Cape Town International…
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South Africa
S. Africa’s c. bank expected to cut rates in Sept.
South African Reserve Bank is anticipated to cut interest rates on September 19, lowering its benchmark interest…
South Africa’s retail sales rise 4.1% in June – data
South Africa's retail trade sales grew by 4.1 per cent year-on-year in June 2024.
S. Africa’s coal-to-renewable transition blocked by $21b shortfall
South Africa needs to secure $21 billion to expand its power grid, a critical component in its transition from coal…
Egypt among top 3 African investment destinations – RMB
Egypt has been ranked as the third-most attractive investment destination in Africa, according to a recent report…
TotalEnergies exits South Africa blocks
TotalEnergies will withdraw from Block 11B/12B off the southern coast of South Africa, following its partner CNRI's…
S.Africa’s rand extends losses with new inflation data on deck
South Africa’s rand extended its losses on Wednesday morning as investors awaited key inflation data, expected to…
BRICS to establish joint geological platform
The BRICS countries, with Egypt's participation, have agreed to establish a joint geological platform aimed at…
AfDB approves $1b loan for S. Africa’s Transnet
The African Development Bank (AfDB) has approved a $1 billion loan for South Africa's Transnet to support the…
S. African retail sales inch up 0.8% YoY in May
Statistics South Africa released retail sales data on Wednesday, showing a modest year-on-year increase but a…