Business confidence has fallen to the lowest level since a partial state of emergency declared by the former all-white government in 1985. An index compiled by the South African Chamber of Commerce and Industry fell
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Bell Pottinger’s attempt to sell itself has reportedly collapsed amid an exodus of clients and staff, succumbing to an unprecedented backlash over the London PR firm’s involvement in a racially divisive
One of Bell Pottinger’s biggest investors has severed ties with the embattled PR firm, along with a growing list of corporate clients that are deserting the UK-based company as it attempts to weather a reputational crisis. Bell Pottinger
South Africa’s economy exited its second recession in almost a decade in the three months ended 30 June after agricultural output surged. GDP increased at an annualised 2.5% in the second quarter
It’s ironic that the two keynote addresses (from both government and Telkom) on the first day of the operator’s Southern Africa Telecommunication Networks and Applications Conference
Bell Pottinger has been thrown out of the UK industry body for public relations companies in an unprecedented ruling following an investigation into work it carried out on behalf of the Gupta family in South Africa. The company’s
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months to June
Eskom will sign delayed power-purchase agreements with independent producers by the end of October, but not before pricing on the deals is renegotiated, energy minister Mmamoloko Kubayi said. The
Telkom said government is considering various options regarding its 39% stake in the fixed-line operator as it seeks to raise cash to bail out the country’s unprofitable national airline. The state’s shares in the former
The revelation on Wednesday that finance minister Malusi Gigaba is considering selling a big chunk or possibly even all of government’s 39.3% in Telkom, at face value, is fantastic news. There is absolutely no reason for government