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World Economic Forum News

How to make sustainable development a reality

05/06/2015 15:33:24

The year 2015 is significant for Africa, as it marks the end of global, regional and local efforts to meet the MDGs.

Importing skilled labour to bridge the gap

05/06/2015 14:29:32

South Africa is advised to relax visa regulations and welcome more skilled immigrants in catalysing its economic growth.

UNFPA encourages PPPs to tackle Africa’s unemployment

05/06/2015 13:35:34

UNFPA's Executive Director, Babatunde Osotimehin has urged private sector to be partners in national development.

South Africa prepares for increasing interest rates

05/06/2015 11:23:26

South Africa's Reserve Bank Governor confirmed that interest rates will be going up in 2015 given the current inflation outlook.

Special Report

Could Greece become the new Zimbabwe on IMF default?

01/07/2015 10:42:07

Greece joins some of Africa’s failed states that include Somalia, Sudan and Zimbabwe.

Greece defaults on IMF payment despite last-minute overtures to creditors

01/07/2015 06:23:53

Greece becomes the first developed economy to default on a loan with the International Monetary Fund.

Why Iran's nuclear talks matter to Africa

30/06/2015 13:23:35

It's crunch time for Iran as the country reaches Nuclear talks deadline with the P5+1 powers.

China stock slide adds to Greek jitters; yen, bonds in favor

30/06/2015 07:35:05

Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down.

Southern Africa

S.Africa to import white maize from Mexico: industry source

02/07/2015 08:48:41

South Africa will import about 50,000 tonnes of white maize from Mexico in a bid to bulk up waning stocks.

Namibia's GDP growth slows to 3.1 % in Q1: stats agency

02/07/2015 06:54:26

Namibia's economy grew 3.1 per cent in the first quarter of this year compared with an 8.1 per cent expansion during the last three months.

Cell C's boss wants the Competition Commission reconsider Vodacom/Neotel merger

01/07/2015 11:22:30

Vodacom has made a commitment not to shed Neotel jobs as a result of Neotel takover.

S.Africa's Eskom expected to seek bigger tariff rise next time

01/07/2015 08:22:28

Eskom to seek bigger tariff increase next time around after the energy regulator rejected the utility's bid to raise prices in July.

Western Africa

Bombers attack Nigeria's Maiduguri while vice president visits camps

02/07/2015 07:26:59

Two suicide bombers blew themselves up near a hospital in Maiduguri shortly after Vice President Yemi Osinbajo arrived in the city.

Nigerian's need to rethink how they think

01/07/2015 11:45:46

Strategic thinking has been identified as the missing element required in solving Nigeria’s economic plight.

Nigeria's oil company kept nearly half of oil revenue - NEC

30/06/2015 07:07:49

Nigeria's state oil company earned 8.1 trillion naira from 2012 until new President Muhammadu Buhari was inaugurated on May 29

Nigerian president dissolves state oil company board

29/06/2015 07:21:08

Nigeria's President Muhammadu Buhari dissolved the board of the state-owned oil company last Friday.

East Africa

Kenya's Q1 GDP growth rises to 4.9 % y/y, tourism lags

02/07/2015 06:39:28

Kenya's economy grew to 4.9 per cent in the first quarter of the year , though a slowdown in tourism hampered growth.

Two killed overnight in Burundi one day before vote

29/06/2015 06:39:26

At least two people were killed overnight in the Burundian capital Bujumbura few hours before parliamentary vote.

Kenya appoints new central bank governor

26/06/2015 12:13:33

Patrick Njoroge has been formally appointed as the new governor of the Central Bank of Kenya.

Kenyan tea Q1 output falls after drought

24/06/2015 11:47:36

Kenya's tea output plunged in the first quarter of 2015 from a year before due to dry weather conditions.

Financial

Greece considers EU’s last-ditch deal

30/06/2015 13:20:17

Head of the European Commission makes last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal.

S.Africa's rand stabilises, Greece poses risk

30/06/2015 09:03:09

S.Africa's rand was off the previous day's two-week lows against the dollar in early Tuesday trade, but still vulnerable to Greece woes.

S.Africa's rand, bonds weaken sharply in Greece-related sell-off

29/06/2015 08:16:51

S.Africa's rand fell one per cent against the dollar on Monday due to the looming prospect of a default by debt-ridden Greece.

Zimbabwe state asset manager takes up $100 mln in bad loans

25/06/2015 09:56:01

ZAMCO has so far taken nearly $100 million in bad loans from banks to help restore viability in the financial sector.

Earnings

Omnia FY earnings inch up, mining woes a constraint

23/06/2015 08:49:00

Omnia, reported a slight rise in year earnings on Tuesday.

Lewis aims to attract high-income consumers

27/05/2015 10:50:12

Lewis plans to use the business it bought from failed Ellerine Holdings to increase its appeal to customers from higher income groups.

Illovo Sugar's FY earnings not so sweet

25/05/2015 10:30:22

Illovo Sugar said its full-year profit fell 8 per cent due to softer global prices.

Tsogo Sun may list property unit separately, posts flat H1 profit

21/05/2015 11:18:35

Tsogo Sun is considering listing its property portfolio worth 30 billion rand separately.

Special Reports

SMEs the answer to S.Africa's unemployment

29/06/2015 15:40:29

The SME landscape in South Africa is grappling with the ability to create employment.

Collaboration crucial to promoting entrepreneurial development

29/06/2015 15:23:24

Industry leaders have called for improved relations between government and private sector in promoting enterprise development.

Africa’s innovative minds given a platform to thrive

29/05/2015 12:45:30

The AIF seeks to catalyse the innovation spirit in Africa with the aim of cultivating needs-based inventions.

Global Investment Trends

21/05/2015 15:18:48

There are many exciting global investment themes creating incredible change and investment opportunities in the market today.

Blogs

Opening Pandora’s Box: The bitter harvests of xenophobia

24/04/2015 16:04:29

It is a supreme irony that, exactly 30 years later, the troops are back on the streets of Alexandra.

Please beat the count Ali

24/10/2014 12:54:21

There are many Africans who are praying that Muhammad Ali will beat the count and rise from the hospital bed where he lies critically ill.

The rise of the island paradise

03/10/2014 11:32:19

From the moment you step on the plane you know Mauritius means business.

TB Joshua Lagos church collapse: the cheapness of life in Africa

19/09/2014 14:41:52

As a journalist, it makes me sick.

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Markets

  • All Share51,972.00
     
    0.31%
    Financial 1516,577.00
     
    0.47%
    Industrial 2567,236.00
     
    0.71%
  • ZAR/EUR13.66
     
    -0.48%
    ZAR/GBP19.23
     
    0.13%
    ZAR/USD12.35
     
    1.16%
  • Brent Crude Oil62.3
     
    0.49%
    GOLD USD/oz1,165.0
     
    -0.5%
    Platinum USD/oz1,079.0
     
    0.09%
Price%Change
JSE All Share Index51,972.00Up0.31%
JSE Financial 1516,577.00Up0.47%
JSE Industrial 2567,236.00Up0.71%
JSE Resources 1038,805.00Down-0.83%
JSE Top 4046,396.00Up0.54%
Price%Change
ZAR/EUR13.66Down-0.48%
ZAR/GBP19.23Up0.13%
ZAR/USD12.35Up1.16%
Price%Change
Brent Crude Oil62.3Up0.49%
GOLD USD/oz1,165.0Down-0.5%
Platinum USD/oz1,079.0Up0.09%

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