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Tag: CYRIL RAMAPHOSA

Business / economics

J.P. Morgan Downgrades South African Equities Amid Economic Concerns

March 11, 2025March 11, 2025 - by Marcus Chen - Leave a Comment

J.P. Morgan downgraded South African equities from “overweight” to “neutral” due to economic slowdown concerns and ineffective reforms. The expected growth rate is unlikely to exceed 2% in the next …

J.P. Morgan Downgrades South African Equities Amid Economic Concerns Read More
Business / economics

Elon Musk’s Starlink Development Stalled by South African Equity Laws

March 10, 2025March 10, 2025 - by Carmen Mendez - Leave a Comment

Elon Musk’s Starlink service faces delays in South Africa due to Black ownership laws, which he claims are discriminatory. The B-BBEE policy, aimed at economic equality, necessitates significant local equity …

Elon Musk’s Starlink Development Stalled by South African Equity Laws Read More
Technology

Microsoft Invests $273 Million in South Africa for Cloud and AI Development

March 10, 2025March 10, 2025 - by Marcus Chen - Leave a Comment

Microsoft has announced a $273 million investment in South Africa to expand its cloud and AI infrastructure, alongside a commitment to skilling one million individuals by 2026. This initiative aims …

Microsoft Invests $273 Million in South Africa for Cloud and AI Development Read More
In memoriam

President Cyril Ramaphosa Pays Tribute to Athol Fugard’s Legacy

March 10, 2025March 10, 2025 - by Liam Nguyen - Leave a Comment

President Cyril Ramaphosa honored the late Athol Fugard, renowned South African playwright, who passed away on Sunday. Fugard’s works tackled Apartheid injustices, and he collaborated with various artists. He received …

President Cyril Ramaphosa Pays Tribute to Athol Fugard’s Legacy Read More
Technology

Microsoft Invests US$298 Million to Enhance Cloud and AI Infrastructure in South Africa

March 10, 2025March 10, 2025 - by Allegra Nguyen - Leave a Comment

Microsoft plans to invest ZAR 5.4 billion (approximately US$ 298 million) in South Africa by 2027 to expand its cloud and AI infrastructure. This follows a previous investment of ZAR …

Microsoft Invests US$298 Million to Enhance Cloud and AI Infrastructure in South Africa Read More
Politics

Trump Proposes Citizenship Pathway for Displaced South African Farmers

March 9, 2025March 9, 2025 - by Allegra Nguyen - Leave a Comment

Former President Trump proposes a rapid pathway to U.S. citizenship for displaced South African farmers, citing issues with land reform policies. This announcement escalates tensions with South African President Ramaphosa, …

Trump Proposes Citizenship Pathway for Displaced South African Farmers Read More
Business / economics / Technology

Microsoft’s R5.4 Billion Investment: Implications for South Africa

March 9, 2025March 9, 2025 - by Liam Nguyen - Leave a Comment

Microsoft announced a R5.4 billion investment in AI and cloud infrastructure in South Africa, aimed at enhancing local economic growth and enabling innovation. President Cyril Ramaphosa and industry experts recognize …

Microsoft’s R5.4 Billion Investment: Implications for South Africa Read More
Politics

South Africa Rand Weakens as Trump Critiques Nation’s Policies

March 8, 2025March 8, 2025 - by Marcus Chen - Leave a Comment

The South African rand declined after President Trump criticized the nation, stating it confiscates farmers’ land and halting federal funding. South Africa’s leadership affirmed its commitment to bilateral relations with …

South Africa Rand Weakens as Trump Critiques Nation’s Policies Read More
Politics

South Africa Responds to Trump’s Funding Cut and Land Reforms

March 8, 2025March 8, 2025 - by Carmen Mendez - Leave a Comment

President Trump has announced the cessation of U.S. federal funding to South Africa due to dissatisfaction with its land reform policies. The South African government responded by rejecting ‘megaphone diplomacy’ …

South Africa Responds to Trump’s Funding Cut and Land Reforms Read More
Global news

Zelenskyy to Visit South Africa for Peace Talks with Russia in April

March 8, 2025March 8, 2025 - by Marcus Chen - Leave a Comment

Ukrainian President Volodymyr Zelenskyy will visit South Africa on April 10 for discussions with President Cyril Ramaphosa aimed at exploring peace options with Russia. The talks are part of South …

Zelenskyy to Visit South Africa for Peace Talks with Russia in April Read More

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