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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

A Bolt From The Bush: Anaso Jobodwana

30/11/2015 09:24:15

With Rio 2016 just around the corner, Africa will, once again, be looking to its fastest man and his fleet feet.

Africa to focus on China debt at Jo'burg summit as commodities slump

30/11/2015 05:24:10

African countries may renegotiate repayment of existing debts to China as a way of helping their economies hit by lower crude prices.

Opinion: Namibia is drifting into unsavoury company regarding the ICC

28/11/2015 12:58:27

Namibia should think carefully, act courageously, and if necessary assume some leadership in this debate.

Africa needs to scale up infrastructural projects to attract FDIs

27/11/2015 11:07:08

The state of infrastructure in the continent was one of the challenges the region is facing and to attract the much needed FDIs.

Southern Africa

Zambia expects $1 bln in deals with China at Africa summit

01/12/2015 10:46:35

Chinese firms have invested heavily in mining and other sectors in the southern African nation over the last 10 years.

South Africa's rand recovers from record lows, stocks set to open firmer

01/12/2015 08:03:27

The JSE securities exchange's Top-40 futures index was up 0.57 percent, indicating that the actual stock index would open more than 260 points higher at 0700 GMT.

South Africa's trade deficit widens more than forecast, pushes rand to record lows

30/11/2015 14:20:24

The trade gap for Africa's most industrialized economy was at 21.39 billion rand ($1.5 billion) in October, up sharply from a revised 1.26 billion rand in September.

Drought, low prices hit Illovo Sugar H1 profits

30/11/2015 07:05:47

Illovo Sugar said a scorching drought in crucial sugar-producing regions and low prices cut its half-year profit by nearly 60 percent.

Western Africa

Kabore wins Burkina Faso presidential election

01/12/2015 10:31:49

The election of the former prime minister represents a pivotal moment for the West African nation.

Power ship steams into Ghana port to help end blackouts

30/11/2015 08:03:41

Power has become a political issue, and anger over the blackouts, which can last for 24 hours at a time, threatens President John Mahama's chances of re-election next year.

Nigeria's Oando plans $350 mln gas processing plant

27/11/2015 08:16:41

Oando plans to build a gas plant for up to $350 million as it focuses on integrating gas production with its supply business.

Nigeria's president to decide on MTN's $5.2 bln fine: communications ministry

26/11/2015 05:12:23

President Muhammadu Buhari to decide "in which direction to go" with a $5.2 billion fine.

East Africa

ICBC Standard Bank failed to prevent bribery at Tanzanian unit - SFO

30/11/2015 12:40:04

the bank had failed to prevent bribery by two executives at Stanbic Bank Tanzania Ltd.

Kenya says ready to leave global court over case against VP

27/11/2015 06:27:22

Kenya ready to quit the International Criminal Court if it did not get assurances about the handling of the trial of of its vice president.

Pope calls for responsible economic development as Africa visit starts

26/11/2015 06:04:11

The trip will see the head of the Catholic Church travel to Kenya and Uganda.

Rwandair eyeing for improved performance with Ecobank partnership

25/11/2015 11:44:09

Rwandair is earmarking to increase passengers from 500,000 annually to more than three million by 2020.


Media giant Naspers seeks to raise $2.5 bln

28/11/2015 13:30:43

Appoints Citigroup and Morgan Stanley to advise on how to go about raising the $2.5 billion.

South Africa's rand stable ahead of local and U.S. GDP data

24/11/2015 07:46:42

S.Africa's rand was steady against the dollar early on Tuesday, with dealers expecting narrow range trading ahead of U.S. economic data.

S.Africa's rand under pressure as market eyes U.S. rate hike

23/11/2015 07:43:07

S.Africa's rand snapped a five-day winning streak against the dollar on Monday.

South Africa's rand a touch firmer, stocks to open flat

12/11/2015 07:25:10

S.Africa's rand stretched gains early on Thursday as the dollar retreated following a holiday in the United States.


South Africa's Sappi Q3 profits fall on maintenance shutdowns

07/08/2015 09:14:00

South African pulp and paper company Sappi posted a 89 percent fall in third-quarter earnings on Friday.

South Africa's Sasol flags lower FY earnings on softer oil price

07/08/2015 09:07:42

S.African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices.

South African insurer Liberty plans to spend millions on Nigerian deals

07/08/2015 08:50:19

South Africa's fourth-largest insurer Liberty Holdings reported a 6 percent increase in half-year profit on Friday.

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.

Special Reports

Global Investment Trends

29/11/2015 19:52:14

Now is as good a time as ever to invest offshore, and the sooner, the better.

Private funding key to assist government make NDP a reality

07/10/2015 17:01:49

Public-private partnerships need to find ways to work better and make sure proposed projects actually happen.

Public–private partnerships are critical critical to achieving SA's NDP goals

07/10/2015 13:42:08

Public private partnerships are critical to South Africa realising its National Development Plan goals.

Social Contract as a way to further an inclusive economic agenda

30/09/2015 15:14:54

Social contracts still need to be developed to bridge the inequality between communities and private sector.


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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