Business

Business: IMF says South Africa loan talks occurring at measured pace

The International Monetary Fund's discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus…

June 30, 2020

Business: Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’s

Fitch Ratings and Moody’s Investor Services warned on Friday that the country risked going over a fiscal cliff following Finance…

June 29, 2020

Busines: African, global telecom giants bid to enter Ethiopia market

Twelve telecom companies have thrown their hat into the race to enter the Ethiopian market according to the country’s communications…

June 28, 2020

Business: South Africa unlikely to stabilise debt by 2023-Moody’s

The South African government target to stabilise its ballooning debt by 2023 will be very difficult to achieve and unlikely,…

June 27, 2020

COVID-19: Kenya Airways loses $100 million in revenue

Kenya Airways has lost an estimated $100 million in revenue as a result of the coronavirus pandemic and related lockdowns,…

June 26, 2020

Business: Kenya and South Africa dominate Africa’s private equity fund

Kenya has attracted Venture Capital deals worth Sh74.3 billion in the past five years, second highest in Africa after South…

June 25, 2020

South Africa urges creditors to back rescue plan

South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA).…

June 24, 2020

Business: Sasol’s troubled Lake Charles project now operating at 86% capacity

Sasol's delayed multibillion dollar Lake Charles project in the US is now operating at 86% of its total capacity. The…

June 23, 2020

Business: Ramaphosa Warns of More Job Losses in South Africa

South African President Cyril Ramaphosa warned of widening job losses as the effects of a shutdown to curb the spread…

June 22, 2020

Business: Mboweni’s dark hour | This week’s budget may unite leaders or crush the facade

Finance Minister Tito Mboweni is a man who is not above using humour to get a sincere point across. He…

June 21, 2020

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