South Africa reported the first case of local transmission of the coronavirus on Thursday, fuelling concerns that sub-Saharan African health systems could be overwhelmed if local transmission accelerates.
South Africa's announcement that it will open up electricity generation to other players, effectively breaking Eskom's monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa's most industrialized economy.
South Africa’s budget, due to be presented next month, is looming as a key first-quarter event for investors seeking insights on the outlook for a stock market that failed to keep pace with emerging-market peers last year.
South Africa could fall deeper into junk territory after S&P Global Ratings cut the outlook on its assessment of the nation’s debt to negative, citing the slow growth, upwardly revised fiscal deficit and growing debt burden.
South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day.
Iranian Parliament Speaker Ali Larijani said the investment procedure in Iran has been facilitated for South Africa, adding that bilateral ties between two countries need a jump in economic cooperation.
In South Africa, 225 people are killed by heart diseases every single day. A sobering number indeed but on the positive side, up to 80 percent of heart diseases and strokes can be prevented, said Bianca Tromp, dietitian at the Heart and Stroke Foundation of South Africa.
South African President Cyril Ramaphosa won a court case against the anti-corruption watchdog on Thursday over a matter concerning ally Pravin Gordhan, ahead of a fresh battle over findings against the president himself.
South African paper and pulp maker Sappi (SAPJ.J) said on Thursday its Canadian division was buying Matane hardwood pulp mill in Canada to increase pulp integration and cut costs after reporting a 84% decline in profit for the third quarter.
South Africa's former president Jacob Zuma on Monday dismissed multiple graft allegations against him, telling a judicial inquiry he was the victim of conspiracies and years of "character assassination".