News
South Africa cracks down on illegal immigration
2+ hour, 39+ min ago (728+ words) South African President Cyril Ramaphosa has sought to calm escalating anti-immigrant tensions, warning that vigilantism will not be tolerated even as his government moves to tighten border enforcement and migration management following weeks of protests and xenophobic attacks. In a…...
South Africa's fuel price hikes spark electric shift
3+ hour, 12+ min ago (406+ words) South Africa's new-energy vehicle market is showing signs of a meaningful shift, with plug-in hybrid electric vehicles gaining traction as motorists search for relief from rising fuel prices while avoiding the practical constraints that have slowed full battery-electric adoption. According…...
South African rand weakens as oil rises on geopolitical jitters
2+ hour, 27+ min ago (272+ words) CNBC Africa South African rand weakens as oil rises on geopolitical jitters JOHANNESBURG, June 8 (Reuters) " South Africa's rand weakened in early trade on Monday as rising oil prices amid renewed Middle East tensions weighed on global risk appetite, putting pressure…...
US considers buying Chagos Islands, Telegraph reports
2+ hour, 48+ min ago (265+ words) (Reuters)The White House is considering a plan to buy the Chagos Islands from Mauritius, the Telegraph reported on Sunday. U. S. officials have drawn up a proposal to bypass the U. K. and make their own deal to take control of Diego Garcia,…...
South Africa's Ramaphosa vows crackdown on groups behind xenophobic attacks
14+ hour, 32+ min ago (318+ words) June 7 (Reuters)South Africa will crack down on groups behind xenophobic violence, President Cyril Ramaphosa said on Sunday, as anti-immigrant protests tarnish the country's reputation. Ghana, Nigeria, Malawi and Mozambique are repatriating some of their citizens caught up in the…...
CNBC Africa's Stock of the Week: Canal Plus
2+ day, 21+ hour ago (703+ words) Canal+ continued to draw attention on the Johannesburg Stock Exchange this week, with the media group's share rally extending into its third day of trade after securing a secondary listing on June 3, following its takeover of Multi Choice last year....
South African rand weakens after reserves data as US-Iran talks weigh
2+ day, 19+ hour ago (212+ words) CNBC Africa South African rand weakens after reserves data as US-Iran talks weigh JOHANNESBURG, June 5 (Reuters) " South Africa's rand weakened on Friday as domestic markets digested a fall in foreign reserves last month, while U. S. -Iran peace talks kept sentiment cautious…...
Senegal's hidden debt crisis and attempts to resolve it
2+ day, 20+ hour ago (515+ words) DAKAR, June 6 (Reuters)Senegal's financeshave been in crisis since the 2024 discovery of billions of dollars in debt hidden by the previous administration. Following is a timeline of how the West African country's debt woes unfolded and efforts to address them:…...
Africa Side Hustle: The Gig worker's place in South Africa's labour force
3+ day, 1+ hour ago (147+ words) South Africa is in the middle of what could be the biggest transformation of its labour landscape in decades. Earlier this year, the Minister of Employment and Labour, Nomakhosazana Meth, introduced the Employment Laws Amendment Bill and the Labour Relations…...
South African business leaders on immigration tensions
3+ day, 3+ hour ago (823+ words) Business Unity South Africa (BUSA) has urged the government to reassert the rule of law amid rising tensions over immigration, warning that scenes of people being targeted in communities risk damaging livelihoods, trade and South Africa's standing on the continent....