What South Africa must get right for an economic boom
South Africa must hasten long-delayed economic reforms and overhaul state-owned companies to escape a prolonged period of subpar growth, according to the Bureau for Economic Research.
Economy
South African town with historic university and private schools crumbling in plain sight
Makhanda, once known as Grahamstown, is a town home to Rhodes University, three well-known private schools, the Eastern Cape High Court, and the National Arts Festival.
Read MoreOne sector keeping South Africa’s economy alive
Consumer spending is keeping South Africa’s economy alive, with retail sales growing strongly compared to other parts of the economy.
Read MoreWorld Bank urges fresh push on economic threat of pollution
Degraded land, polluted air and water stress pose a direct global economic threat but using natural resources more efficiently could cut pollution by half, one of the World Bank’s senior managing directors told Reuters.
Read MoreSouth African rand falls as dollar gains ahead of key US data
The South African rand fell on Tuesday against a much stronger dollar as investors awaited key U.S. data that could influence the Federal Reserve’s interest rate decision this month.
Read MoreNigeria’s TotalEnergies deal marks shift to gas development
Nigeria’s production-sharing contract with TotalEnergies, its first guided by a new law designed to boost the OPEC member’s gas production, will serve as a template for future deals, the oil regulator told Reuters on Wednesday.
Read MoreSouth Africa’s business activity edges up as cost pressures ease in August, PMI shows
South African businesses experienced a very modest improvement in operating conditions in August as cost pressures eased, the S&P Global South Africa Purchasing Managers’ Index showed on Wednesday.
Read MoreThe only province that continues to have more people unemployed than working in South Africa
The North West province continues to be the only province with more unemployed people than working, and there are calls to declare the joblessness a provincial disaster.
Read MoreSouth African rand muted before US inflation report, local data releases
The South African rand was subdued in early trade on Friday, as markets awaited a key U.S. inflation report and the release of some domestic economic indicators which could offer clues on the health of Africa’s most industrialised economy.
Read MoreSouth Africa’s Northam Platinum posts drop in profit on higher costs
South Africa’s Northam Platinum NPHJ.J reported a 14.4% drop in annual profit on Friday, driven by a surge in mining costs, despite record sales volumes.
Read MoreFour African states running out of special food for starving children, aid group says
At least four African countries will run out of specialised life-saving food for severely malnourished children in the next three months due to shortages caused by aid cuts, Save the Children said on Thursday.
Read MoreSouth Africa launches G20 taskforce to examine global wealth inequality
South African President Cyril Ramaphosa on Thursday launched a G20 experts taskforce to examine global wealth inequality and its impact on growth, poverty and multilateralism — the first initiative of its kind for the G20.
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