South Africa's rand hit its strongest level against the dollar this year in Tuesday's early trading session as positive momentum continued for riskier emerging market currencies.At 08:31 SA time, the ...
LAGOS - New data has revealed that Nigeria has overtaken South Africa as the continent's largest economy after a rebasing calculation nearly doubled its GDP. Gross Domestic Product (GDP) for 2013...
Johannesburg - The South Africa Reserve Bank (Sarb) on Wednesday introduced a new R2 coin commemorating the centenary of the Union Buildings.The coins would be released for circulation and as part of ...
It is no secret that Africa is on the rise and increasingly offering lucrative opportunities to local businesses due to the continent's steady economic growth, increased disposable income and high con...
American civil rights leader Jesse Jackson says it's time for South Africa to wipe out economic inequality. Jackson says the lives of millions of South Africans who still live in poverty need to be u...
THE recent global attention and prayers for Madiba’s passing only served to cement what we already knew - seldom has any public figure been so loved by so many, and for so long.In fact, I would go s...
NELSON Mandela, South Africa's first democratically elected president and an icon of peace and reconciliation the world over, has died at the age of 95.The announcement was made by President Jacob Zum...
Johannesburg - Eskom said yesterday its chief executive would step down in March, departing the power utility at a time when South Africa struggles to keep the lights on due to tight electricity...
Mozambique will commence its first commercial production and sale of crude oil in 2014 from an inland oilfield at Inhassoro, Johannesburg- based integrated energy company, Sasol Petroleum has said.The...
The issue of cheap imports flooding the market has become a problem not only in Zimbabwe, where they have literally killed the manufacturing sector, but in the region as a whole.According to the Commo...
London - Britain-based brewer SABMiller posted rising first-half net profits on Thursday, boosted once again by strong growth in emerging markets.Earnings after taxation rose by almost nine percent to...
Geneva - The planet's poorest nations such as Angola and Ethiopia have largely failed to cash in on booming economic growth to create the jobs needed to push their ballooning populations out of povert...
Johannesburg - South Africa's banked population has grown substantially from 23.9 million people in 2012 to 27.4 million people in 2013, an 8 percent increase that signifies strong growth in financia...
Research and consultancy firm Frost and Sullivan has forecast that the rising demand for energy and new power projects in southern Africa, along with escalating costs of coal, could lead to an increas...
LUSAKA - Dangote Industries Zambia Limited has announced that the construction of its multi-million dollar greenfield cement plant in Masaiti District in Copperbelt Province is on course and schedule...
LUSAKA - Zambia's Bond and Derivatives Exchange is set to begin trading in its first product on November 5 after it signed on three clearing members, chief executive officer Allan Thomson said.Zambia ...
The Southern African Development Community plans to form a development bank with seed capital of $1.2 billion to provide financial support for regional infrastructure projects, it has been learnt. Spe...
Mobile broadband is the fastest growing technology in human history, according to the 2013 edition of the ITU’s State of Broadband Report which was released on 21 September.Released in New York at t...
JOHANNESBURG - MTN has been recognised as the best African brand in a ranking of the continent's most admired and valuable brands by Brand Africa.The Brand Africa 100 award for the Most Admired and Va...
ABOUT a trillion US dollars will be spent on investments using cement in South Africa, Zambia and Zimbabwe between this year and 2018, according to market research house Frost and Sullivan.South Afric...
Nairobi - Security worries are nothing new in Kenya and so the country is unlikely to see long-term investors pull money out after the deadly attack on a Nairobi shopping mall, analysts say.However, t...
Nairobi - Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.Such...
Johannesburg - The South African banking system remains stable and well-positioned, despite international headwinds, a major professional services firm reported on Wednesday."Notwithstanding some int...
JOHANNESBURG - South Africa is open to amending a controversial mining bill that has alarmed the industry at a time when mining companies are already battling on several fronts, government members hav...
Johannesburg - Consumer inflation in South Africa accelerated to 6.4% year-on-year in August from 6.3% in July, data showed on Wednesday.Economists had expected year-on-year inflation of 6.45%.On a mo...