business

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

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

Business: Hope renewed as agency vows revived railway use in Kenya

A team of technocrats and politicians commuting on a trial run on the Nairobi-Nanyuki railway escaped unhurt when their one…

June 20, 2020

WTO PRESIDENCY: Benin drops candidate in support on Nigeria

She is for the moment the most formidable African candidate for the post of president of the World Trade Organization.…

June 19, 2020

Business: Junior miners fight for survival in COVID-19 storm

While the mining industry overall was hard hit by the coronavirus pandemic, it is junior miners who sustained the heaviest…

June 18, 2020

Organization of Africa’s oil producing countries relocate headquarters to Congo Brazzaville

The African Petroleum Producers Organisation (APPO), Tuesday, agreed to relocate the headquarters of the organization from Nigeria to Brazzaville, Republic…

June 17, 2020

Breaking: Why Uganda is opposed to Naivasha cargo plan

Reports that Kenya has suspended a recent order that all transit cargo be transported using the Standard Gauge Railway to…

June 17, 2020

Business: 22,000 Edcon employees set to get retrenchment notices

SA's biggest non-food retailer Edcon has served 22,000 of its employees with notices of retrenchments as it blames load-shedding and…

June 17, 2020

Business: Cybercriminals change tack in SA, use more ransomware during lockdown

Stay vigilant. Hackers will keep trying to capitalise on Covid-19, warns Maher Yamout, senior security researcher at global cyber security…

June 14, 2020

South Africa: Yoco Turnover among SME’s flat last week despite resuming trading

The Yoko Small Business Recovery Monitor showed turnover among small and medium sized businesses (SME’s) was flat last week, with…

June 13, 2020

Business: As lockdown fuels food shortages, Africa goes online for groceries

In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo’s open-air markets to buy tomatoes and cabbages…

June 12, 2020

Thabi Leoka SA is in a precarious position-but this is not due to Reserve Bank inaction

There is a lot of talk about the role and the mandate of the SA Reserve Bank and emotions seem…

June 11, 2020

THE WORLD: Oil prices fall as US stockpiles hit record high

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, US crude…

June 11, 2020

Business: The Woman Behind Okra, Africa’s First API Fintech “Super-Connector”

Raising $1M for your startup in Africa is starting to become more common. As of May 21, 54 startups have…

June 7, 2020

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