South Africa posts widest current account deficit since 2019
South Africa’s current account slumped to a deficit in the second quarter as the nation’s trade surplus narrowed sharply and the value
African Reviewer
MultiChoice cuts DStv Premium to R799, with a catch
As part of the biggest product update in 15 years, MultiChoice has cut the price of its DStv Premium package to R799,
Brent oil pushes toward $100 after US attacks Iranian tankers
Brent oil moved closer to $100 a barrel after the US struck Iranian tankers near the Kharg Island export hub and in
Nigeria’s giant oil refinery runs flat out, keeps Europe fuelled
Billionaire Aliko Dangote’s giant refinery in Nigeria is running at full capacity and maximising supplies of diesel and jet fuel to Europe
Motsepe’s phosphate bet hits trouble after R2.6bn investment
South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the company announcing the restructuring of
SA economy shrinks, snapping six-quarter growth streak
South Africa’s economy snapped six quarters of growth, contracting more than expected in the second quarter as the fallout from the Iran
Zimbabwe suspends antimony, tungsten exports in processing push
Zimbabwe has banned the export of antimony and tungsten with immediate effect, as part of the governments efforts to force mining companies
Tanzanian President Samia’s husband dies in hospital
The husband of Tanzania’s President Samia Suluhu Hassan, Hafidh Ameir Hassan, has died while receiving treatment at a hospital in Zanzibar. Vice-president
Gold extends drop as jobs data, Hormuz clashes up rate-hike bets
Gold extended a decline, as stronger-than-expected US jobs growth and rising tensions in the Middle East raised the prospects for an interest-rate
World Bank warns Zimbabwe against rush to make ZiG sole currency
The World Bank cautioned Zimbabwe against rushing to end the use of dollars in the economy as it could trigger capital flight.