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South African economy

  • Tuesday, 10 December, 2024
    South Africa
    McKinsey’s $122mn bribery settlement in South Africa sparks outrage

    Politicians and campaigners say penalty is insufficient as country struggles with corruption

    Former South African President Jacob Zuma at a press conference in October 2022
  • Monday, 9 September, 2024
    News in-depthSouth Africa
    The South African bus chief taking a stand against ‘mafia’ demands

    Transport executive takes to courts to force action against organised crime’s hold on country’s economy

    An Intercape bus that had broken through a road barrier to slip down an embankment after being shot at on its way to Cape Town, South Africa in August 2022
  • Friday, 6 September, 2024
    South African postal service on brink of collapse as ‘Day Zero’ looms

    Institution relied on by millions will be put into liquidation unless it receives a government bailout by the end of next month

    Post Office branch in Western Cape
  • Tuesday, 3 September, 2024
    South Africa signals more support for energy groups after Total exits gas project

    Energy minister says government could have done more to make offshore discovery commercially viable

    South Africa’s energy minister Kgosientsho Ramokgopa
  • Sunday, 14 July, 2024
    Eskom warns unpaid bills risk new power crisis in South Africa

    Failure by municipalities to pay debts worth billions of rand risks thwarting company’s recovery efforts, utility chief says

    Eskom power cables in the Johannesburg township of Soweto
  • Saturday, 6 July, 2024
    South Africa’s Eskom expects fresh loss as it keeps lights on

    State-owned utility manages 100 days without power cuts

    A night view of Johannesburg, South Africa
  • Thursday, 27 June, 2024
    South African politics
    Ramaphosa holds talks with DA after its threat to quit coalition

    South African president and pro-business party’s John Steenhuisen seek to resolve dispute over cabinet posts

    South African Président Cyril Ramaphosa, right, with Democratic Alliance leader John Steenhuisen
  • Wednesday, 19 June, 2024
    South Africa
    Investors cheer as Ramaphosa sworn in as South Africa’s president

    Rand and equities rise after African National Congress seals power-sharing agreement with Democratic Alliance

    Cyril Ramaphosa, right, is inaugurated as South Africa’s president for a second term on Wednesday
  • Tuesday, 4 June, 2024
    Alec Russell
    How the ANC can save South Africa

    The party may ultimately be doomed — but it could yet stave off disaster for the country

    Voters queue to cast their ballots in South Africa
  • Wednesday, 29 May, 2024
    News in-depthSouth Africa
    In charts: 30 years of ANC rule in South Africa

    Election seen as a referendum on the competence of a party that has governed since the country’s first post-apartheid vote

    Montage of African and emerging market GDP figures set on a bakground of a person on a ladder attaching an ANC flag to a lamppost
  • Wednesday, 15 May, 2024
    Mining
    Glencore chief backs South Africa as Anglo takeover battle rages

    Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

    Workers inspect batches of processed copper at Mutanda Mining Sarl, owned (69%) by Glencore
  • Tuesday, 14 May, 2024
    Anglo American PLC
    Anglo American plans break-up to thwart £34bn BHP bid

    CEO Wanblad makes the case to shareholders and South Africa’s president

    An Anglo American Platinum smelter plant
  • Thursday, 9 May, 2024
    Anglo American PLC
    Anglo’s South Africa investors open to improved BHP bid

    Stance defies government hostility to plan that would break up national champion

    A haul truck is seen at the Mogalakwena platinum mine in Mokopane
  • Thursday, 9 May, 2024
    News in-depthAnglo American PLC
    South Africa ponders ‘corporate sunset’ for Anglo American

    Journey from industrial behemoth to takeover target reflects country’s decline as a mining powerhouse

    Striking miners in Marikana in 2014
  • Friday, 3 May, 2024
    Anglo American PLC
    South African watchdog says it will have last word on BHP bid for Anglo

    Country’s independent Competition Commission vows to assess any takeover on ‘public interest’ grounds

    The Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Thursday, 2 May, 2024
    Mining
    BHP says Anglo deal structure is not a negative reflection of South Africa

    Statement comes as the Australian miner’s chief executive visits country after political backlash

    Workers at the Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Friday, 26 April, 2024
    News in-depthAnglo American PLC
    Why South Africa is Anglo American’s ‘poison pill’

    BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country

    An Anglo American platinum mine in South Africa
  • Thursday, 25 April, 2024
    Anglo American PLC
    BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders

    Legal & General and Abrdn criticise offer as undervaluing UK-listed miner

    An Anglo American site in South Africa
  • Wednesday, 10 April, 2024
    MTN Group Ltd
    South Africa’s MTN to boost investment in generators to combat blackouts

    Telecoms group joins growing list of companies plugging shortfalls from state electricity provider

    A woman uses a paraffin light while cooking during an electricity blackout at her home in Soweto, South Africa
  • Friday, 5 April, 2024
    Naledi Pandor
    Bringing South Africa to its knees would be self-sabotage for the US

    Our bilateral relations have always been economically beneficial on both sides

    A miner wearing a headtorch on his helmet operates drilling machinery in a mine shaft
  • Wednesday, 20 March, 2024
    InterviewAirlines
    South African Airways seeks new investor and listing after aborted deal, chief says

    John Lamola reasserts goal of becoming a ‘global brand’ as state-owned carrier turns profit for first time since 2011

  • Monday, 18 March, 2024
    FT News Briefing podcast12 min listen
    It’s central bank week!

    The headline acts will be the US Federal Reserve, the Bank of Japan and the Bank of England

  • Tuesday, 12 March, 2024
    South Africa
    South Africa sets ambitious timeline to end rolling blackouts

    Electricity tsar says issue that has plagued the country for more than a decade would be largely over by year end

    Children studying by a paraffin lamp
  • Monday, 11 March, 2024
    David Pilling
    The bullish case for South Africa

    There are grounds for medium-term optimism after years of negative news

    Wind turbines beyond residential buildings at a wind farm
  • Wednesday, 21 February, 2024
    South Africa to tap $8bn from foreign currency account to pay down debts

    Move comes ahead of a general election as the ruling ANC seeks to quell unease at its handling of the economy

    Enoch Godongwana
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