News
Cape Town airport fire disrupts international and domestic flights
2+ hour, 5+ min ago (133+ words) JOHANNESBURG, Feb 24 (Reuters)A fire at Cape Town International Airport on Tuesday disrupted international and domestic flights, though the state company that manages South Africa's airports said the fire had been extinguished. Airports Company South Africa (ACSA) said in a…...
South African rand steady ahead of central bank data
8+ hour, 16+ min ago (251+ words) JOHANNESBURG, Feb 24 (Reuters)The South African rand was steady in early trade on Tuesday, ahead of the release of local central bank data expected to offer insight into the country's economic outlook. At 0619 GMT, the rand traded at 16.03 against the…...
Trump's new ambassador to South Africa presents credentials
23+ hour, 22+ min ago (130+ words) South Africa's foreign affairs ministry said in a statement that Bozell had presented his letters of credence to Clayson Monyela, a deputy director-general. Bozell'arrived'in the country earlier this month, at a time of strained relations between Washington and Pretoria. Trump…...
Mozambique set to receive $6 billion in World Bank financing over five years
1+ day, 1+ hour ago (205+ words) MAPUTO, Feb 23 (Reuters)The World Bank is aiming to provide Mozambique with $6 billion of mostly concessional financingfor its public investment projects overthe next five years, asenior bank official saidon Monday. "We have a balance sheet of around $3 billion on the…...
Offshore investors buy South African stocks and bonds
1+ week, 1+ day ago (109+ words) Offshore investors buy South African stocks and bonds'CNBC Africa Offshore investors buy South African stocks and bonds JOHANNESBURG, Feb 16 (Reuters) " Offshore investors bought a net 5.87 billion rand ($367.88 million) of South African stocks last week, Johannesburg Stock Exchange data showed on…...
Cape Town Emerges as Destination for Global Conversations as 500 Leaders Convene for Counder Conference
1+ week, 1+ day ago (447+ words) When 500 influential investors, family office principals, and C-suite executives choose where to hold substantive business conversations, the location itself becomes part of the story. Counder Conference 2026, held from 2729 January, brought exactly that calibre of leadership to Cape Town. The invite-only…...
South African president pledges focus on crime and water crises
1+ week, 4+ day ago (411+ words) CAPE TOWN (Reuters) " South Africa will deploy the army to fight organised crime and lay criminal charges against municipal officials who fail to deliver water to communities, President Cyril Ramaphosa said in an address to parliament on Thursday. Endemic crime…...
Mozambique port city braces for impact of Cyclone Gezani
1+ week, 4+ day ago (214+ words) INHAMBANE, Mozambique, Feb 13 (Reuters)Residents of Inhambane, a port city in Mozambique, were reinforcing their homes with sandbags and corrugated iron in preparation for the potentially devastating impact of Cyclone Gezani, expected to hit the area on Friday. The tropical…...
South African rand weakens after retreat in commodity prices
1+ week, 4+ day ago (205+ words) At 0749 GMT, the rand traded at 16.0150 against the dollar, down roughly 0.4%fromThursday's close. "Yesterday's retreat in commodities such as Gold, Silver, and Platinum appears to be the primary driver of this move, with the USD continuing to trade in a…...
South African rand firms ahead of presidential address
1+ week, 5+ day ago (245+ words) JOHANNESBURG, Feb 12 (Reuters)The South African rand edged upon Thursday as investors awaited President Cyril Ramaphosa's annual State of the Nation address to gain a clearer picture ofthe country's economic and political outlook. At 1401GMT the rand traded at 15.8375against the dollar,…...