News
South Africa’s debt expected to peak, economy minister says
2+ hour, 38+ min ago (167+ words) South Africa's debt expected to peak, economy minister says'Semafor South Africa's debt expected to peak, economy minister says South Africa's debt is projected to peak this fiscal year after rising for nearly two decades, the country's finance minister announced, creating…...
View: Zimbabwe’s lithium ban needs neighborly support
5+ hour, 40+ min ago (360+ words) View / Zimbabwe's lithium ban needs neighborly support'Semafor View / Zimbabwe's lithium ban needs neighborly support The market reaction to Zimbabwe's suspension of lithium exports illustrates the central role African nations play in the global supply chains that underpin modern technology. The…...
Zimbabwe suspends lithium exports, sending prices soaring
1+ day, 10+ hour ago (118+ words) Zimbabwe suspends lithium exports, sending prices soaring'Semafor Zimbabwe suspends lithium exports, sending prices soaring Zimbabwe suspended lithium exports in a bid to pressure firms to set up domestic processing facilities, sparking fears of supply chain disruptions and sending prices soaring....
Zimbabwe bans all raw mineral exports
2+ day, 7+ hour ago (193+ words) Zimbabwe bans all raw mineral exports'Semafor Zimbabwe bans all raw mineral exports Zimbabwe suspended exports of all raw minerals from the country in a sudden move that could impact global supply chains that depend on its output of lithium to…...
Africa’s creative economy offers new investment opportunities
1+ week, 2+ day ago (1714+ words) Africa's creative economy could be worth $200 billion by 2030 and offers "unprecedented opportunities for strategic investors," according to new analysis from the Brookings Institution. South Africa's unemployment rate fell to its lowest level in more than five years, the latest sign…...
South Africa’s unemployment rate falls to lowest level in five years
1+ week, 2+ day ago (1714+ words) South Africa's unemployment rate fell to its lowest level in more than five years, the latest sign that the continent's biggest economy is finally gathering momentum. But more than 30% of South Africans remain jobless despite broad-ranging government efforts in a…...
South Africa’s new US ambassador arrives in country
1+ week, 3+ day ago (1721+ words) Washington's ambassador to South Africa finally arrived in the country, where he will seek to improve frayed bilateral ties. The White House's pressure has pushed Africa's biggest economy closer to China " the two recently signed a free-trade agreement " even as…...
South Africa cashes in on adventure tourism
1+ week, 4+ day ago (1744+ words) South Africa's adventure tourism industry contributed $1.5 billion to the economy in 2024, according to a new report. The sector generated about $656 billion in direct revenue and supported 91,000 jobs, found a white paper by the Southern Africa Tourism Services Association and Futureneer…...
Exclusive: Platinum mining CEO hails South Africa’s recent electricity wins
1+ week, 4+ day ago (204+ words) Exclusive / Platinum mining CEO hails South Africa's recent electricity wins'Semafor Exclusive / Platinum mining CEO hails South Africa's recent electricity wins South Africa's improved energy supply over the last two years has boosted efficiency at Valterra Platinum, the company's CEO told…...
Beijing offers 53 African countries tariff-free trade access
1+ week, 4+ day ago (200+ words) Beijing offers 53 African countries tariff-free trade access'Semafor Beijing offers 53 African countries tariff-free trade access China will scrap tariffs for 53 African countries from May 1. The continent's biggest trade partner already has a zero-tarriff policy for imports from 33 African countries but decided…...