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Former Eskom adviser Rothschild, calls on South Africa to bail Eskom with $7Bn
The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for 100 billion rand ($7 b...
South Africa
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KPMG South Africa appeals for second chance after corruption scandals
The chairman of KPMG South Africa on Monday appealed for the firm to be seen as a changed business, following months of efforts to regain public trust...
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South Africa emerges from recession as farming, manufacturing jump
Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy grew by more than expec...
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As Nigeria struggles with N30,000, South Africa increases minimum wage to R4861.2 (N126,480)
South Africa has increased its minimum wage to N126,480 per month. The news is coming at a time Nigerian workers are uncertain their struggle for a N3...
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President Cyril Ramaphosa orders inquiry into $142 billion state pension fund
South Africa’s President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a gover...
South African riots linked to poor services as poverty hit record in 2018
Riots in South Africa linked to public anger over poor government services and poverty have hit a record high in 2018, data showed on Wednesday, a sig...
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South Africa’s Treasury says recession, falling revenue dent public finances
South Africa will struggle to finance the public services that form the largest part of its budget due to falling revenues and an economic recession, ...
Despite recession, South Africa moves to raise interest rates soon
South Africa’s Reserve Bank will leave interest rates unchanged at 6.50 percent next week, 25 of 26 analysts predicted in a Reuters poll, after recent...
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Nigeria slams South Africa’s MTN with $2 billion tax bill
Nigerian tax authorities have slapped MTN Group with a $2 billion tax bill, the South African wireless phones operator said on Tuesday. The announceme...
BREAKING: South Africa’s economy slips into recession barely 6 months after Ramaphosa became President
The South African economy on Tuesday contracted into a technical recession, Bloomberg has reported. Latest economic data by the country’s statistics a...