South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
SABC troubles add to a rising list of…
The South African Broadcasting Corporation (SABC)'s organizational and financial problems will come to the fore once again on Tuesday as the broadcaster updates Parliament on its flailing fortunes. Its woes may seem to be recent,…
South Africa: Numsa to pick over work losses…
South Africa's National Union of Metalworkers announced in a statement on Sunday evening that it would picket at ArcelorMittal on Monday at several sights of service. The statement said the picket would take place on…
Business: Mboweni wants DA to provide ‘evidence’ for…
Finance Minister Tito Mboweni has hit back at claims by the DA that National Treasury plans to extend a bailout to help fund the business rescue process of flag carrier South African Airways. This after…
Breaking: Load shedding is over, but load reduction…
Eskom released a statement on Friday evening, announcing that it would implement load reduction in the Nkangala District Municipality in Mpumalanga from on Saturday morning from 05:00 to 09:00. The statement comes at the end…
Business: Grand Ethiopian Renaissance Dam: Ethiopia confirms reservoir…
A reservoir behind Ethiopia‘s disputed Grand Renaissance dam on the River Nile has started filling with water – a day after talks with Egypt and Sudan ended without agreement, officials say. Ethiopian Water Minister Seleshi…
‘Mobilising’ SAA funding doesn’t mean money is there…
Minister of Public Enterprises Pravin Gordhan and Finance Minister Tito Mboweni on Thursday wrote a letter to South African Airways' business rescue practitioners, committing to "mobilise" funding for restructuring SAA - but it remains unclear…
Business: Now is the time to invest in…
Despite the effects of COVID-19, Africa’s young creative industries remain ripe for investment opportunities. African music, film, and fashion continue to gain global popularity, with companies like Netflix and Universal Music Group expanding their presence…
Business: Nigerian scholar calls for halt to auction…
A prominent Igbo-Nigerian artist and academic has called for the cancellation of a forthcoming auction in Paris of two sacred sculptures taken out of Nigeria during its devastating civil war in the late 1960s. Chika…
Business: Thousands of jobs are threatened by the…
Thousands of workers in the South African liquor industry and its value chain are facing job losses after the government reintroduced a ban on alcohol sales just as business was picking up from a nine-week…
Business: Telkom launches Yep! app to grow small…
As the tough economic environment continues to affect industries adversely, small businesses are hit the hardest. But Telkom Business has good news. Helping the growth of small businesses in SA that have been severely hit…
Business: SA business gives Mboweni’s zero-based budgeting thumbs…
Zero-based budgeting will be instrumental in curbing public debt, according to Business For South Africa. The organisation, which represents a vast majority of business organisations in the country, on Friday released a 12-point economic recovery…
Business: IMF warns cutting spending too soon could…
As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but the International Monetary Fund (IMF) warned Friday that cutting back too…
Business: Progress in Africa’s fight against tax evasion
African countries have made “significant” progress in reaffirming their commitments and building their capacity to achieve tax transparency. This is the main conclusion of the recent report on “Tax Transparency in Africa” of the Africa…
Business: Why Kenya’s Equity Bank broke off talks…
The Kenyan giant is renouncing the acquisition of African subsidiaries of the British headquartered bank Atlas Mara. A decision linked to Covid-19, but not entirely. Atlas Mara – listed on the London Stock Exchange and…
Business: Andela engineering-as-a-service to go fully-remote and double…
Andela, the global talent network that helps companies build remote engineering teams, will now accept engineers from all African countries, expanding its presence from six countries to the entire continent. In doing so, the company…
Business: Cell C shareholder Blue Label takes R330m…
Cell C major shareholder, Blue Label Telecoms, expects to bounce back from the trading losses it experienced because of Cell C in 2019 - but now it has its hands full with WiConnect. The company…
African nations reopening airspace despite rising COVID-19 cases
As COVID-19 cases surged in many parts of the world, the island nation of the Seychelles was looking good: 70-plus straight days without a single infection. Then the planes arrived. Two chartered Air Seychelles flights…
Numsa and Sacca threaten legal action over SAA…
The South African Cabin Crew Association (Sacca) and trade union Numsa have threatened to go to court to challenge a possible liquidation of South African Airways (SAA) after the government indicated it will no longer…
