59+ min ago  (224+ words) Semafor South Africa plans major fuel stockpile to buffer against energy shocks South Africa is planning its biggest buildup of strategic oil reserves since the apartheid era, in a bid to shield its economy from global energy shocks. Africa’s largest…...

1+ day, 11+ hour ago  (146+ words) De Beers is halting production at South Africa’s biggest diamond mine, with gemstone prices falling thanks to slowing demand and increased competition from lab-grown stones. De Beers is halting production at South Africa’s biggest diamond mine, with gemstone prices…...

1+ day, 22+ hour ago  (186+ words) Frank Garcia is due to arrive in Nigeria before planned stops in Côte d’Ivoire and Mali. Frank Garcia, the recently confirmed US assistant secretary of state for African affairs, began his first official trip to the continent this weekend, arriving…...

1+ day, 22+ hour ago  (197+ words) The announcement prompted economists to scale back expectations of back-to-back interest rate hikes. S. African central bank predicts reaching 3% inflation target Falling global oil prices are on course to lower South Africa’s inflation rate to the central bank’s 3% target faster than…...

1+ day, 22+ hour ago  (169+ words) Africa’s biggest economy has been on a knife edge for months over growing anti-migrant sentiment and xenophobic violence. South Africa has removed more than 53,000 migrants over the last five weeks through deportations and repatriations following pressure from anti-migrant groups.Africaâ…...

4+ day, 23+ hour ago  (573+ words) Xenophobic unrest in South Africa has become a painful cost of doing business, executives warned, signalling that companies are bracing for prolonged instability in a country eager to draw fresh investment. Just over a week after mass protests froze parts…...

5+ day, 1+ hour ago  (202+ words) The US has left more than 40 African nations without a Senate-confirmed ambassador, hampering Washington’s efforts to engage in security and diplomatic missions across the continent. Some 41 African countries currently lack a confirmed envoy, including Nigeria, Kenya, the Democratic Republic of…...

6+ day, 21+ hour ago  (177+ words) The plant, built by Chinese companies Jiuling and Canmax, will process 3 million metric tons of lithium ore per year. Nigeria opened a $250 million lithium processing plant that underscores a wider push across Africa to capture more value from raw materials…...

6+ day, 21+ hour ago  (181+ words) The decision is part of a crackdown on allegedly wasteful spending just months before local government elections. South Africa’s Treasury has withheld budget allocations for Johannesburg and dozens of other municipalities, in a crackdown on allegedly wasteful spending just…...

6+ day, 23+ hour ago  (265+ words) South Africa is considering rolling out tax cuts to revive its struggling industrial hubs, in line with a World Bank recommendation to help reverse a long-term manufacturing slump and unlock billions in idle corporate cash. The major policy push to…...