209 articles tagged with “South Africa”
Oil prices breached $100 per barrel as escalating Iran-Israel tensions threaten the Strait of Hormuz, the world's most critical oil chokepoint, raising inflation concerns across African economies including South Africa and Nigeria.
Federal High Court orders account freeze for Petrocam Trading and its principal over alleged ₦9.05 billion debt to Zenith Bank, while Alexander Forbes processes over 100,000 pension withdrawals in five days, causing technical strain.
The ANC is demanding removal of a DA billboard depicting Gauteng Premier Panyaza Lesufi in a shower while criticizing water service delivery, as a former ANC parliamentarian receives a seven-year sentence for corruption.
Major institutional investors are acquiring data centre assets across South Africa whilst AI-focused venture capital emerges, signalling deepening confidence in the continent's technology fundamentals even as consumer electronics brands consolidate market positions.
Lt-Gen Tebello Mosikili told Parliament that suspended Minister Senzo Mchunu's directive to disband the Political Killings Task Team surprised her, while separately facing perjury charges she says are baseless.
Three developments across the continent reveal how African markets are adopting technology not for novelty, but survival—whether it's e-hailing drivers buying dash cams for protection, vivo targeting power-starved consumers, or PlasmaLeap securing $20M for fertiliser innovation.
South Africa's JSE reached record levels while Nigeria's VAT collections jumped 34% to N6.4 trillion in nine months, though escalating Middle East geopolitical risks threaten to inject volatility into African markets through oil price pressures.
Nigeria's electricity sector confronts dual crises as workers activate strike action while 5.2 million customers lack meters, with metering rates at just 57.27% despite December distribution efforts.
A decade of technology evolution across Africa reveals deepening investment in innovation infrastructure, from GE's 2016 Johannesburg centre to HONOR's 2026 AI breakthroughs at Mobile World Congress.
National Treasury's budget office director resigns after helping stabilize public debt trajectory, as Finance Minister Godongwana implements tax relief measures and biometric fraud controls targeting R3bn in grant savings.
South African corporates reported widely divergent interim results, with Sasol's earnings collapsing 95% on impairments while Bidvest and Bidcorp posted resilient growth. Spar shed R4bn in market value within a week.
US President Donald Trump's sweeping 15% tariff implementation faces mounting legal challenges while creating potential trade opportunities for South Africa, though sector-specific impacts remain mixed.
Mozambique positions itself as Africa's emerging LNG export hub while South Africa's independent power producers face grid access barriers despite regulatory approvals, highlighting divergent energy transition pathways in southern Africa.
Political analysts across the region examine governance patterns and leadership qualities, drawing parallels between historical cycles and contemporary democratic struggles in Southern Africa.
The UN Security Council remains divided as oil tankers avoid the Strait of Hormuz and African leaders warn of far-reaching consequences for global trade and security following military strikes on Iran.