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Patrice Motsepe apologised for telling President Donald Trump that Africa loves him, but warned that the perception that the continent is anti-US may hamper investment.
The Zimbabwe Revenue Authority is clamping down on companies conducting business in foreign currency but paying tax in Zimbabwe dollars.
On a grim day for global equities, South African stocks have been hit harder than most of their emerging-market peers.
South African Airways said “time is of the essence” for the government to provide a pledged cash injection if the loss-making national carrier is to continue flying.
Eskom and South Africa’s National Treasury are in talks with banks to renew a R15bn government-guaranteed loan facility that the indebted state power utility announced in February last year.
Power shortages cost South Africa as much as R118bn last year, a drain on the economy that’s set to continue for two to three years unless urgent action is taken, a new study has found.
South African Airways cut 38 local and international flights this week, an indication of a possible downsizing of the cash-strapped national carrier to avoid total collapse.
Seasoned business journalist and fierce Eskom critic Sikonathi Mantshantsha has stepped over to “improve Eskom’s image”.
SA’s inflation rate has now been at or below the 4.5% midpoint of the target range for 13 months, the longest such streak in 14 years.
Less than a month into 2020, South African companies have already announced thousands of job cuts.