Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
The recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
FNB has maintained the 7% leading rate, this is coming after the interest rate of South African Reserve Bank. The decision was made by SARB in the late hours of Thursday. FNB will audit its situation after the following SARB Monetary Policy Committee meeting in March 2021. Remarking on the MPC declaration, Chief Economist at […]
The South African Rand has powered to a third of consecutive profit, this can the partially attributed the the immediate change around the world especially the President Joe Biden speech to fight Covid-19 outrightly. The homegrown money appreciated to a fourteen day high subsequent to rising 0.06 percent to close exchange at R14.91 to the […]
TLcom Capital partner, Andreata Muforo has revealed and discussed major startup investment that am entrepreneur must ancipated I’m 2021. Amongst the things she highlighted were the financial market, the small scale business an entrepreneur must set up. From the outset, it appeared as though assumptions were being met as arrangements from Nigeria’s Flutterwave and South […]
The Financial Sector Conduct Authority (FSCA) has empathically warned the general public against trading with unauthorized firms in the financial market. They further warned the public to cut ties with unauthorized trade agencies to prevent scams. The FSCA said it was not approved to offer any monetary guidance or render any delegate administrations regarding the […]
The share price of Glencore plc has seriously dipped in the past 48 hours in South Africa, this was made known by Brian Molefe the Chief executive officer of the company. This decline started on Friday. Glencore debilitated 0.44 percent to R58.24 as Molefe got into a sticky situation on Friday, blaming it for utilizing […]
The government authorities in South Africa has banned the sale of alcohol in the country, this is partially attributed to the coronavirus pandemic, this action by the government has affected alcohol distilleries and companies. The crossing out acquires the brewer’s dropped use South Africa to R5bn for its yearly capital and foundation update programs since […]
The coronavirus pandemic has hit South Africa and other African countries massively, the impact of the virus has been felt by various sectors like the aviation and financial sector. The mining company in South Africa will support the government in their quest to distribute the coronavirus vaccine across the country. A main maker of platinum, […]
As the automobile sector continues to grown in Africa, a recently established automobile company is looking to give female engineer the platform to showcase their skills and talent. The men as dominated this sector so it is a welcome development for the automobile industry. The impacts are very perplexing as in, it influences all parts […]
Top South African power providers Eskom has said that they intend to the stage 2 of the loadshedding that from this afternoon till the midnight. This is due to the losses on Wednesday, this was made known by the spokesman of the company Sikhonathi Mantshants. The force maker said that two age units at the […]
South Africa’s top real estate company, Akani Properties has won the the bid to start the construction am building of hotels and conference halls worth over R350 million. The proposed construction will be situated in Middelburg. The gathering said yesterday that the capital consumption would be supported through obligation (20%) and value (80%), an assertion […]
Popular South African Company, Ayo Technology solutions has demanded for a popular market regulator to probe the exponential rise of the in the company shared price on Monday. AYO has recently whined to both the JSE and FSCA about certain resource administrators controlling and shortening the offer cost for their own motivations. This objection was […]
The price of the Bitcoin seems to be rising by the day in the financial sector,. The cryptocurrency is on a upward trajectory ever since late last year. This massive growth can be partly attributed to institutional investors. The digital currency expanded in excess of 800 percent a year ago, subsequent to ascending from around […]
Airline across the world will try to use cheap fares to kickstart the aviation sector that has been affected by the coronavirus pandemic, 2020 has been particularly bad for the aviation industry due to the lockdown imposed by various government. An upswing in recreation and family travel should hit most locales by around midyear. More […]
The Renewable Energy Performance Platform (REPP) has decided to invest a whopping one million pounds into a popular renewables powered battery organization. The sole aim for this proposed investment is to provide power to rural areas in Africa. The organization clarified that it as of now has activities in Sierra Leone and Liberia. As indicated […]
Top real estate company in Africa, GRIT Real Estate is set to be listed in the London stock exchange, this is a welcome development for the real estate company. Grit Real Estate is also the first company from Africa enter a Premium Listing. The organization, which puts resources into and deals with a broadened arrangement […]
Top wind engineering company organization, Siemens Gamesa has partnered Ethiopian Electric Power (EEP), the aim of this partnership is to generate Renewable energy inform of power for close to 400,000 houses in the country. The breeze ranch will be situated between the towns of Adama and Assela, roughly 150 km south of the Horn of […]
Digital currency Bitcoin has rallied above $30,000 for the very first time ever, the Bitcoin has been on a periodic rise since the later part of 2020. This has been a wonderful development for traders in the financial market. Bitcoin progressed in excess of 300 percent in 2020, and with the most recent leg higher […]
The countries in the continent of Africa has started trading under a recent free trade area on Friday, this is coming after many months of delay due to the lockdown imposed by the government authorities in various countries as a result of the spread in Covid-19. However, specialists see the New Year’s Day dispatch as […]