AFRICA BUSINESS

Starlink seller shuts down in South Africa

One of South Africa's biggest Starlink kit and accessories importers, IcasaSePush, has shut down operations.The company explained it was stepping back from the market as its continued presence was do...

AFRICA BUSINESS

Ramaphosa gets a R26.5bn World Bank loan

The World Bank has approved a $1.5 billion (approximately R26.5 billion) loan to support structural reforms aimed at boosting South Africa's infrastructure.The Washington-based lender said in a state...

AFRICA BUSINESS

South Africa seizes Starlink equipment

The Independent Communications Authority of South Africa's (Icasa's) investigation into Starlink distributor IcasaSePush has resulted in authorities confiscating the company's equipment.Icasa chair Mo...

AFRICA NEWS

Malema won't bow to imperialism

Economic Freedom Fighters (EFF) leader Julius Malema has dismissed the high-level meeting between Presidents Cyril Ramaphosa and Donald Trump at the White House, describing it as "a group of older men...

AFRICA NEWS

Trump challenges Ramaphosa to arrest Julius Malema

United States President Donald Trump has called for the arrest of South African political leader Julius Malema over his use of the controversial "Kill the Boer" chant, escalating already strained rela...

AFRICA BUSINESS

Tanzania bans US dollar

Tanzania has banned the use of foreign currencies for buying and selling goods and services inside the country. The Bank of Tanzania (BoT) announced the measure on May 2, stating that from now on, all...

AFRICA BUSINESS

EFF slams Johann Rupert's state capture project

The Economic Freedom Fighters (EFF) has come out strongly against the inclusion of billionaire businessman Johann Rupert in a South African delegation set to meet former United States President Donald...

AFRICA NEWS

Johann Rupert takes his puppet to Washington

In a significant development on the diplomatic front, Johann Rupert, South Africa's wealthiest man, is reportedly in Washington, DC, potentially accompanying President Cyril Ramaphosa for a pivotal me...

AFRICA NEWS

Zimbabwean exemption permits saga returns to South African court

The legal saga over the Zimbabwean Exemption Permit (ZEP) returns to court on Tuesday as the Supreme Court of Appeal (SCA) hears the Department of Home Affairs' appeal against a ruling that temporaril...

AFRICA NEWS

Julius Malema denied UK visa

Economic Freedom Fighters (EFF) leader Julius Malema has accused British authorities of attempting to silence dissent after he was denied a visa to the United Kingdom, just hours before he was schedul...

AFRICA NEWS

Obasanjo visits Mnangagwa in Harare

Former Nigerian President and respected African statesman, His Excellency Olusegun Obasanjo, paid a courtesy visit to Zimbabwean President Emmerson Mnangagwa at State House in Harare today, in a high-...

AFRICA NEWS

South Africa reverses VAT increase that threatened ANC-DA coalition

Enoch Godongwana's decision came after the second-biggest party, the Democratic Alliance (DA), threatened to quit the government, warning a VAT hike would hurt the poor the most.Godongwana, a member o...

AFRICA NEWS

Botswana president rebukes leaders clinging to power

Botswana President Duma Boko has condemned leaders who attempt to extend their presidential terms beyond the established limits, boldly stating that such leaders are failures. His remarks came during ...

AFRICA BUSINESS

Big swing for the South African rand

The rand has recovered significantly after the chaos of the past week, pulling back below R19 to the dollar as both the US tariff was and shakiness in the Government of National Unity (GNU) ease.Afte...

AFRICA NEWS

Social unrest warning in South Africa

Critical issues such as the government's overreliance on taxes and the deterioration of basic services threaten social unrest in South Africa. Renowned economist Dawie Roodt warned that the gover...

AFRICA NEWS

South Africa shows off new border patrol drone tech

Minister of Home Affairs Leon Schreiber has unveiled the Border Management Authority's (BMA) new drones and body cameras that will be piloted over the Easter weekend to enhance border security.Schreib...

AFRICA BUSINESS

South Africa's electricity prices have risen by over 600% since 2008

South Africa's electricity prices have skyrocketed by more than 600% since 2008, far outpacing headline inflation and becoming a key structural driver of rising costs across the economy. This relentl...

AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

AFRICA NEWS

Kenya declares three days of mourning for Mugabe

Kenyan President Uhuru Kenyatta declared three days of mourning for the former Zimbabwean President Robert Mugabe on Friday, describing him as a "shining beacon of Africa's liberation struggle."In a p...

AFRICA BUSINESS

Break down trade barriers - AfDB chief

Elimination of barriers could potentially spur Africa's trade by 53 percent and eventually double in the medium term, Akinwumi Adesina, president of Africa Development Bank has said. Adesina made the ...

AFRICA BUSINESS

South Africa moves to tighten job terms, expats fear expulsion

Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...

AFRICA BUSINESS

Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...

AFRICA BUSINESS

South Africa introduces R50 and R500 coins to celebrate 25 years of democracy

The South African Mint has unveiled a set of new R50 and R500 collector coins, celebrating the country's 25 years of democracy."This week 25 years ago, South Africans went to the polls in the country'...