Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
South Africa’s economy took another knock this week. The South Africa private sector contraction in the September 2026 PMI was the sharpest since December, and businesses are blaming rising fuel costs, weak demand and logjams at the ports. Africa’s most industrialised economy ended the third quarter on a sour note. The Numbers Behind the Slump […]
Reserve Bank governor Lesetja Kganyago used a keynote in Sandton on 28 September to set out South Africa economy challenges and opportunities against a shaky global backdrop. He spoke at the third Forum on Africa & Geopolitics, hosted by the Mapungubwe Institute for Strategic Reflection (Mistra), whose theme was “Imagining the World in 2040”. A […]
Unemployment Rate in South Africa has climbed sharply to 33.6% in Q2 2026, highlighting growing pressure on workers, businesses, and the country’s economy. South Africa is witnessing a greater level of unemployment, with the rate rising from 32.7% in the previous quarter, according to recent labour market data. From the above numbers, one can see […]