News
South African rand weakens as investors track fragile Middle East ceasefire
2+ hour, 42+ min ago (180+ words) JOHANNESBURG, April 9 (Reuters)The South African rand was weaker on Thursday on doubts over a fragile two-week ceasefire between the U. S. and Iran, while traders also assessed domestic economic releases for clues on the health of Africa's largest economy. The viability…...
South Africa's immigration reset: Visa system to be realigned for growth
6+ hour, 52+ min ago (903+ words) South Africa is moving toward one of its most significant immigration policy resets in years, as government seeks to align the visa system more closely with economic growth, skills attraction and investment under Operation Vulindlela. Speaking to CNBC Africa, Marisa…...
South African rand slips as investors track fragile Middle East ceasefire, assess local data
8+ hour, 18+ min ago (303+ words) JOHANNESBURG, April 9 (Reuters) " The South African rand slipped in early trade on Thursday, on doubts over a fragile two-week ceasefire between the United "States and Iran, while traders also assessed domestic economic releases "for clues on the health of Africa's…...
South Africa's February manufacturing output falls 2. 8% y/y
11+ hour, 2+ min ago (74+ words) CNBC Africa South Africa's February manufacturing output falls 2. 8% y/y JOHANNESBURG, April 9 (Reuters) " South Africa's manufacturing output fell 2. 8% year-on-year in February, after falling by a revised 0. 1% year-on-year in January, statistics agency data showed on Thursday. Factory production decreased 2. 2% month-on-month in…...
South Africa's strategic opportunity amid Strait of Hormuz disruption
1+ day, 6+ hour ago (954+ words) South Africa could be presented with a strategic opening to strengthen its position in global shipping lanes as disruption around the Strait of Hormuz sends shockwaves through international trade, but industry experts warn the country is still not fully equipped…...
South Africa's cloud outsourcing and AI drive IT industry expansion
1+ day, 11+ hour ago (388+ words) South Africa is emerging as a serious contender in the global IT services market as demand accelerates for cloud computing, artificial intelligence and cybersecurity solutions, according to Emory Geosits, CEO of the Global IT Alliance, who said the country's technology…...
Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments
1+ day, 9+ hour ago (256+ words) HARARE, April 8 (Reuters)Zimbabwe will introduce lithium concentrate export quotas and require commitments for more local processing as part of conditions to allow the resumption of mineral exports, the mines ministry has told producers. In a letter to the country's…...
South African assets rally in early deals as US-Iran ceasefire lifts risk appetite
1+ day, 15+ hour ago (295+ words) JOHANNESBURG, April 8 (Reuters)South Africa's rand, government bonds and stocks surged on Wednesday, paring some losses amassed since the start of the Iran warafter U. S. President Donald Trumpagreed to a two-week ceasefire, a move that eased fears of energy-driven inflation. Trump'sturnaroundcame…...
Unlocking Africa's trade potential in the Trumpian era
2+ day, 3+ hour ago (978+ words) Rising tensions in the Gulf could trigger fresh inflationary pressure, supply-chain disruptions and financing strains across Africa, according to African Continental Free Trade Area Secretary-General Wamkele Mene, who said the continent must use the moment to accelerate regional integration, local…...
Basketball Africa League wraps up season 6 S. African leg
2+ day, 10+ hour ago (823+ words) The Basketball Africa League is making a bigger economic pitch as it expands its footprint across the continent, with CEO Claire Akamanzi saying the competition is evolving from a sports property into a broader engine for investment, tourism and job…...