South Africa

South Africa business news from Johannesburg, Cape Town, and Durban. Mining, finance, energy transition, and corporate developments from Africa’s most industrialized economy.

Cape Town taxis go cashless from June 1

Cape Town's Codeta taxi association launches a cashless payment system from June 1, replacing cash fares with prepaid cards and…

Pan African Resources pays $219m for Australia’s top gold district

Pan African Resources is acquiring Emmerson Resources for $219 million to take full control of Australia's richest gold district, making…

Africa rises against SA as Afrophobia crisis deepens

Nigeria's President Tinubu ordered a crisis notification unit in South African missions, the Senate called to revoke MTN and DStv…

Moody’s backs South Africa as debt peaks in 2025

Moody's has confirmed that South Africa's government debt peaked at 86.8% of GDP in 2025 and will decline to 84.9%…

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…