Regional

9 hours ago | April 8, 2020

SADC adopts cross border movement guidelines

The Southern African Development  Community (SADC) has adopted special guidelines to harmonise and  facilitate the ...

Coronavirus impact sees Glencore Zambian unit shut copper mines

LUSAKA - Glencore’s Zambian unit Mopani Copper Mines (MCM) will shutter its mines on Wednesday following disruption from ...

1 day ago | April 7, 2020

CBZ Holdings has announced its new board of directors chaired by veteran strategist and economist, Marc Holtzman, with ...

France’s Total sells assets in Brunei, Sierra Leone, Liberia

PARIS - Total said on Tuesday it had sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said ...

2 weeks ago | March 24, 2020

Virus-control measures to hit Rio Tinto operations in South ...

 Rio Tinto said on Tuesday operations at its mineral sands mine in South Africa will be halted and activity in Quebec, ...

2 weeks ago | March 23, 2020

Coronavirus medical supplies donated by Alibaba’s Ma arrive ...

ADDIS ABABA - The first batch of protective and medical equipment donated by Chinese billionaire and Alibaba co-founder ...

3 weeks ago | March 16, 2020

South African rand weakens on virus concerns; focus shifts to ...

JOHANNESBURG - South Africa’s rand weakened against the dollar on Monday as the deepening coronavirus crisis roiled ...

4 weeks ago | March 13, 2020

Rand steady as coronavirus-induced sell-off pauses

JOHANNESBURG - South Africa’s rand held steady in early trade on Friday as a pause in the global selloff of risk assets, ...

4 weeks ago | March 12, 2020

South Africa’s rand hammered by growing impact of coronavirus

JOHANNESBURG - South Africa’s rand weakened sharply on Thursday along with other emerging market currencies as concerns ...

4 weeks ago | March 11, 2020

Rand retreats as coronavirus worries weigh

JOHANNESBURG - South Africa’s rand weakened early on Wednesday as another bout of risk aversion dragged emerging market ...

4 weeks ago | March 10, 2020

Nigeria to cut budget in face of oil price crash -finance minister

ABUJA - Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation’s ...

1 month ago | March 9, 2020

S.Africa’s rand crumbles to 4-year low as panic selling in ...

JOHANNESBURG - South Africa’s rand tumbled to a four-year low on Monday, joining a global sell-off in riskier assets as ...

1 month ago | March 5, 2020

Rand steady as investors await fourth-quarter current account data

JOHANNESBURG - South Africa’s rand held steady in early Thursday trade following a surge in the previous session, as ...

1 month ago | March 4, 2020

IMF says in broad agreement with Kenya on deficit reduction plan

NAIROBI - The International Monetary Fund is in broad agreement with the Kenyan government on the main aspects of a ...

1 month ago | March 3, 2020

South Africa’s rand retreats on fear of economy slipping ...

JOHANNESBURG - South Africa’s rand weakened early on Tuesday, giving back most of its gains from the previous session, ...

1 month ago | March 2, 2020

South Africa’s Absa PMI falls to lowest in over a decade

JOHANNESBURG - South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell deeper into contraction ...

1 month ago | February 25, 2020

Rand recovers as budget risk draws nearer

JOHANNESBURG - South Africa’s rand traded firmer early on Tuesday, recovering alongside fellow emerging markets ...

2 months ago | February 19, 2020

Eskom needs cash injection to avoid debt crisis – CEO

CAPE TOWN – South Africa’s ailing power utility Eskom urgently needs more cash to stabilise its ballooning debt ...

2 months ago | February 18, 2020

South Africa’s rand ticks lower as Moody’s stokes ...

JOHANNESBURG - South Africa’s rand extended losses on Tuesday to touch a fresh one-week low after rating agency Moody’s ...

2 months ago | February 17, 2020

Rand firmer as China rate cut soothes virus anxiety

JOHANNESBURG - South Africa’s rand firmed on Monday, as China stepped in to shield the world’s second-largest economy ...