Zimbabwe's mining industry needs to be reorganised to contribute more towards the African country's economy, President Robert Mugabe told crowds gathered at the national sports stadium in Harare to celebrate the country's 37th independence anniversary on Tuesday (April 18).
- Thursday, 13 April 2017 15:27
South Africa's new finance minister pledged on Thursday to do what he can to keep the country from a third credit downgrade to junk status, saying he would meet ratings firm Moody's to persuade it he will stay on the path of fiscal discipline.
- Wednesday, 12 April 2017 15:27
Africa's biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters.
- Tuesday, 11 April 2017 16:43
South Africa's manufacturing output plunged in February as a sustained slump in consumer and business confidence hit the economy's second biggest sector, raising worries of a recession.
- Tuesday, 04 April 2017 13:43
South Africa's rand, bonds and banking shares tumbled sharply on Tuesday (April 4) after S&P Global Ratings cut the country's credit rating to junk in response to President Jacob Zuma's move to sack its respected finance minister.
- Wednesday, 29 March 2017 14:34
South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack finance minister Pravin Gordhan following the funeral this afternoon of anti-apartheid icon Ahmed Kathrada.