Government cannot sit by and watch banks close people’s accounts “willy nilly”, said President Jacob Zuma on Wednesday in parliament. He was responding to questions from MPs when he was asked to elaborate on an inter-ministerial commission which looked
South Africa’s decision to stall plans championed by President Jacob Zuma to build nuclear plants has exposed his waning authority. News of the delay came on Tuesday when the department of energy said additional atomic power won’t come on stream
Cairo has this year surpassed South Africa’s business hub, Johannesburg, as being Internet ride-sharing service Uber’s biggest and busiest African city. This is according to Uber’s head of operations for Europe, Middle
Two years ago, Oppo and Vivo couldn’t crack the top five in China’s smartphone market. Now they outrank everyone after elbowing Apple aside, thanks to people like Cheng Xiaoning. Cheng runs a thriving electronics store in the rural town of Miaoxia, tapping into her
South African policy makers will probably leave interest rates steady on Thursday without calling an end to the rate-hike cycle as uncertainty from Donald Trump’s election as US president to local political turmoil keeps the rand volatile. Inflation that’s slowed from a peak of 7% in
The rand extended gains, strengthening the most among global currencies after the South African government said it would delay a plan to build new nuclear power plants, allaying concern that the cost of the program would strain
South Africa’s jobless rate rose to the highest in over a decade in the third quarter as more people started looking for employment. The jobless rate rose to 27,1% in the quarter through September, from 26,6% in the previous three
National fibre operator FibreCo Telecommunications has poached Broadband Infraco’s Sammy Mafu as its new business development executive. Mafu, who was chief marketing and sales officer at the state-owned
South Africa has delayed plans to build new nuclear power plants over concern about their cost and the waning demand for additional electricity as economic growth stalls. Under a new timeline, the first nuclear power is expected to
After fuelling the 20th century car culture that reshaped cities and defined modern life, petrol has had its day. The International Energy Agency forecasts that global petrol consumption has all but peaked as more efficient cars and the
