Topic
South Africa
African Bank Names Permanent CEO as It Presses Ahead With Turnaround
African Bank has named Zweli Manyathi permanent CEO as it presses ahead with a cost-cutting turnaround following executive upheaval.
PetroSA Faces Liquidation Threat Over R600m Unpaid Fuel Debt
PetroSA faces a liquidation bid from supplier Nako Energy over a R605m unpaid fuel debt, spotlighting SA's refining sector strain.
: South Africa's Economy Shows Tentative August Recovery After Tough Second Quarter
South Africa's economy showed tentative signs of recovery in August, though rising oil prices threaten to complicate the outlook.
Oil Falls More Than 5% This Week: What Lower Crude Prices Mean for African Economies
Brent crude fell more than 5% this week, creating contrasting consequences across Africa. Oil-producing economies face pressure on government revenues and foreign exchange, while importing countries could benefit from lower fuel and transport costs.
JSE Market Brief: Rate Hold, Oil Pressure and Resource Stocks
South Africa's JSE All Share Index fell 1.79% in July as investors responded to rate uncertainty, higher oil prices and rising inflation. The SARB's decision to hold its repo rate at 7% has added another layer of uncertainty for investors and businesses.
Gold at $3,290: How Africa's Gold Producers Are Benefiting From the Sustained Price Rally
Gold has traded above $3,000 per troy ounce for most of 2025 and 2026, sustained by central bank buying and safe-haven demand. For South Africa, Ghana, Mali and Tanzania, that is a substantial transfer.