African Business News - Economic Updates & Analysis

Business·international·Mozambique·South Africa

Mozambique Election Chaos Disrupts Festive Tourism

South Africa’s International Relations Minister Ronald Lamola warned tourists to avoid Mozambique as election-related unrest continues to disrupt vital trade routes and threaten regional security. The warning came after bilateral talks in Malelane, Mpumalanga, aimed at protecting the crucial Lebombo Corridor. South

December 19, 2024

Business·Politics·Zimbabwe

ZIMRA Raids Pantries in Holiday Hunt for Looted Goods

ZIMBABWE– In a decisive move to combat smuggling, the government has launched an extensive door-to-door Zimra operation aimed at confiscating illicit goods inundating the country, particularly during the festive season. This rigorous initiative is part of an effort to curb annual losses

December 19, 2024

The latest data suggests that South Africa's motorists could be in for mixed fuel price news early in 2025

Business·South Africa

SA Faces Modest Fuel Price Increases for January 2025

JOHANNESBURG- Early fuel price projections indicate slight increases in petrol prices and minimal changes to diesel costs for South African motorists starting January 2025, according to the latest Central Energy Fund data. South African motorists face an expected increase of 11 cents

December 18, 2024

FILE PHOTO: Pick n Pay sales grow but warns on extra costs from power cuts

Business·South Africa

Pick n Pay Closes First Hypermarket in South Africa

VANDERBIJLPARK, South Africa – Pick n Pay has closed its Vaal Hypermarket in Vanderbijlpark, marking the first hypermarket closure in the company’s history. The store, located in the Bedworth Centre on Barrage Road (R42), ceased operations in November 2023. The closure predates

December 11, 2024

South African Airways (SAA) customers stranded as pilots go on strike.

Business·international·South Africa

SAA Pilot Strike Forces Flight Cancellations to Perth, Sao Paulo

South African Airways (SAA) has canceled flights to Perth and Sao Paulo following confirmation of a pilot strike on Thursday, amid an ongoing dispute over pay and working conditions. The disruption has left hundreds of passengers stranded at various airports, particularly at

December 5, 2024

Business·South Africa

Trindade Unfit for Trial in R1.4bn Eskom Fraud Case

JOHANNESBURG – Former Eskom contractor Antonio Trindade has been declared medically unfit to stand trial in the R1.4 billion Kusile Power Station corruption case, the Investigating Directorate Against Corruption (IDAC) announced on Tuesday. The Sterkfontein Hospital assessment led to Trindade’s case being

December 4, 2024

Nigerian President Tinibu and South African President Ramaphosa

Africa·Business

SA-Nigeria Visa Rules Eased to Boost Trade Links

CAPE TOWN – South Africa will a grant five-year multiple entry visa to qualifying Nigerian business travelers and allow tourists to apply without submitting passports, President Cyril Ramaphosa announced on Tuesday during a bilateral summit with Nigerian President Bola Ahmed Tinubu. “We

December 4, 2024

Business·Zimbabwe

500,000 Vehicles Face De-Registration as ZINARA Targets Expired Licenses

The Zimbabwe National Roads Administration (ZINARA) has issued a warning to owners of over 500,000 vehicles, threatening de-registration if their licenses are not renewed by December 22, 2024. The vehicles in question have gone over two years without being licensed or officially

December 2, 2024

Finance Minister Mthuli Ncube arriving at Mt Hampden Parliament Building for budget presentation

Business·Zimbabwe

Zimbabwe’s Finance Minister to Unveil 2025 Budget Today

Zimbabwe’s Finance Minister Professor Mthuli Ncube will present the nation’s 2025 budget statement in Parliament today, as the country seeks solutions to its deepening economic challenges. The presentation at the new Mt Hampden Parliament Building comes at a critical time for Zimbabwe’s

November 28, 2024

Russian President Vladimir Putin The IMF said that Russia usurped Japan s position as the fourth largest economy in the world Picture Alexander KAZAKOV SPUTNIK AFP 2

Breaking News·Business·Europe

Russia Becomes World’s Fourth-Largest Economy Despite Sanctions

Russia has overtaken Japan to become the world’s fourth-largest economy, according to new International Monetary Fund (IMF) data, despite facing thousands of Western sanctions. The IMF reports that Russia now accounts for 3.55% of global GDP measured by purchasing power parity (PPP),

October 25, 2024

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Business - Page 3

Mozambique Election Chaos Disrupts Festive Tourism

ZIMRA Raids Pantries in Holiday Hunt for Looted Goods

SA Faces Modest Fuel Price Increases for January 2025

Pick n Pay Closes First Hypermarket in South Africa

SAA Pilot Strike Forces Flight Cancellations to Perth, Sao Paulo

Trindade Unfit for Trial in R1.4bn Eskom Fraud Case

SA-Nigeria Visa Rules Eased to Boost Trade Links

500,000 Vehicles Face De-Registration as ZINARA Targets Expired Licenses

Zimbabwe’s Finance Minister to Unveil 2025 Budget Today

Russia Becomes World’s Fourth-Largest Economy Despite Sanctions

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