South Africa

South Africa’s largest real estate investment trust (REIT), Redefine Properties, has reported a 4.1% decline in its distributable income for the year ended August 31, 2023, amid challenging economic conditions …

South Africa’s largest pharmacy retailer, Clicks, reported an 11.5% rise in full-year earnings on Tuesday despite facing challenges such as civil unrest, power cuts, and supply chain disruptions. The company …

A tense standoff is unfolding deep beneath the earth’s surface in South Africa as miners from an unregistered rival union hold hundreds of their colleagues underground for the second day. …

Revelations confirm half a million Nigerians are undocumented in South Africa, setting the stage for a crucial conversation between Nigerian President Bola Tinubu and South African President Cyril Ramaphosa. This …

In a significant move amplifying Africa’s energy sector, the African Export-Import Bank (Afreximbank) has forged a $75 million development agreement with Torxen Energy Resources. The landmark deal, earmarked for Petroleum …

OK Zimbabwe Limited, a prominent supermarket chain, has praised government-led stability measures following a robust 33.3% surge in its revenue amid economic calming strategies. Early in 2023, the Zimbabwean dollar …

South Africa’s state-owned freight-rail and ports company, Transnet, is seeking urgent financial support from the government to implement a turnaround plan that aims to restore its operational and financial performance. …

South Africa’s government has unveiled a bold plan to boost its economy by handing over most of the responsibility for its struggling rail and port sector to the private sector. …

South Africa’s currency, the rand, fell back on Wednesday after a brief rally on Tuesday as investors awaited the release of the minutes of the latest Federal Reserve meeting and …

The South African rand is facing pressure from a global realignment of currencies that is beyond the control of the central bank, Governor Lesetja Kganyago said on Thursday. Speaking at …