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South Africa has reduced its debt relief package for Eskom by R20 billion, opting to provide R50 billion in loans instead of assuming R70 billion of debt. This decision reflects …
South Africa Reduces Eskom Debt Relief Package and Loans Support Read More
The South African rand improved slightly against a weakened U.S. dollar as investors prepared for important U.S. inflation data and the local budget presentation. The rand traded at 18.30 per …
South African Rand Strengthens Amid U.S. Recession Concerns and Budget Anticipation Read More
Microsoft is set to invest 5.4 billion rand ($296.81 million) in South Africa’s AI infrastructure, a move announced by Vice Chair Brad Smith. This investment aims to bolster technological development …
Microsoft to Invest 5.4 Billion Rand in AI Infrastructure in South Africa Read More
The South African rand weakened against the U.S. dollar ahead of GDP figures, trading at 18.64. Investors are concerned about U.S. tariffs announced by President Trump and their potential economic …
South African Rand Weakens Ahead of GDP Data and U.S. Tariffs Read More
The South African rand fluctuated positively against the U.S. dollar on March 3, trading at 18.66, ahead of the manufacturing PMI data due at 09:00 GMT. The U.S. dollar held …
South African Rand Strengthens Ahead of Manufacturing PMI Survey Read More
South African manufacturers reported worsening business conditions in February, with the Absa PMI falling to 44.7 points. This represents a fourth consecutive contraction due to diminished demand, logistics issues, and …
South African Manufacturing Sentiment Declines Further, Absa PMI Reports Read More
Daniel Chapo was sworn in as president of Mozambique amid significant protests over the disputed election results. More than 300 have died in clashes with security forces since the election, …
Daniel Chapo Sworn in as President Amid Ongoing Unrest in Mozambique Read More