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DON'T MISS : Talking Africa Podcast – Ethiopia: Looming famine in Tigray is the making of 'starvation crimes' says report by WPF

South Africa

tencent

Tencent Coatails

Naspers, Prosus need buybacks to cut discount, as Tencent sale underwhelms

A partial reduction of the stake in Chinese tech giant Tencent will do little to reduce the discounts of Naspers and Prosus shares unless followed ... up with more share buybacks.

Equity Bank's Chief Executive Officer James Mwangi is seen during a Reuters interview in Nairobi

Banking on Recovery

South African and Kenyan banks may beat Nigeria to post-Covid recovery

African banks that have raised their loan-loss provisions to reflect the impact of Covid-19 may be best placed for a quick recovery once the ... worst of the pandemic is over, analysts say.

Step aside?

South Africa: Why the ANC is struggling to fire Ace Magashule

South Africa's governing African National Congress (ANC) has given its corruption-charged secretary general Ace Magashule until the end of April ... to step down or risk suspension. Magashule's fate is crucial to the balance of power in the ANC, which is home to forces that both support and are critical of President Cyril Ramaphosa's leadership.

IMF Managing Director Kristalina Georgieva speaks during a news conference in Rabat

new rules

IMF/Georgieva: After austerity, it’s ‘spend, spend, spend’ at the Fund

As governments and international financial institutions throw off the constraints of austerity policies and economic orthodoxy, there are hard ... questions about how Africa could benefit from this change in strategy. Much will depend on how fast its economies can raise finance for post-Covid recovery efforts.

South Africa top stories

tencent

Tencent Coatails

Naspers, Prosus need buybacks to cut discount, as Tencent sale underwhelms

Equity Bank's Chief Executive Officer James Mwangi is seen during a Reuters interview in Nairobi

Banking on Recovery

South African and Kenyan banks may beat Nigeria to post-Covid recovery

Step aside?

South Africa: Why the ANC is struggling to fire Ace Magashule

tencent

Tencent Coatails

Naspers, Prosus need buybacks to cut discount, as Tencent sale underwhelms

Equity Bank's Chief Executive Officer James Mwangi is seen during a Reuters interview in Nairobi

Banking on Recovery

South African and Kenyan banks may beat Nigeria to post-Covid recovery

Step aside?

South Africa: Why the ANC is struggling to fire Ace Magashule

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Virus Outbreak South Africa Liquor Sales Resume

drink up

China’s growing thirst helps South Africa’s wines cope with Covid downturn

Whilst Covid-19 disrupted trade flows across the globe and pushed industries into financial trouble, the South African wine sector has, somewhat ... remarkably, been spared.

Kristalina Georgieva

Keynes returns

‘Vaccine policy is economic policy’ – IMF MD Kristalina Georgieva

The International Monetary Fund managing director Kristalina Georgieva says the IMF spent nearly $300bn in resuscitating the global economy when ... Covid-19 struck. There are unorthodox noises being made at the top of the institution best known for austerity in public spending. What comes next as rich countries bounce back and poor countries stay on the mat? And will the IMF run out of money? An exclusive interview with the head of the IMF.

SAA

STEPS TO TAKE-OFF

South Africa: SAA’s original sin is state capture, not Covid says Gordhan

Can South African Airways (SAA) see blue skies after a long and difficult turnaround operation? There are still substantial issues to overcome: ... SAA's debt, the opacity of its accounts, a stand-off with the pilots. But public enterprises minister Pravin Gordhan says the problems stem from corruption hangover from the Zuma era: state capture.

sasol

Smoke and Mirrors

Global investors criticise Sasol over greenhouse gas reduction targets

A global alliance of institutional investors has criticised South African energy and chemicals company Sasol for its strategy on reducing greenhouse ... gas emissions, and called on South African investors to press the company for action.

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Another victim of Covid-19

Promised ‘synergies’ between Sanlam and Saham delayed

The pan-African insurance leader has managed to maintain its revenues despite the ongoing health crisis, but its margin is collapsing and the ... integration of Moroccan Saham's African assets is dragging on.

Members of the Umkhonto We Sizwe Military Veterans Association (MKMVA), chant slogans in support of former South African president Jacob Zuma, as they attend a public inquiry into state graft, in Johannesburg

rank rebellion

South Africa: Who is behind the pro-Zuma ANC military ‘veterans’?

Concerns have been mounting over attempts by an increasingly militant faction in South Africa’s governing African National Congress to mobilise ... support for former president Jacob Zuma in his efforts to defy the law. How far might they go?

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