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.
BHP’s $246bn warning to South Africa
The world's largest miner, about to be led by a South African, is delivering a pointed message to Pretoria: fix…
SARS raids own employees in customs bribery probe
SARS has raided six current and former employees linked to a customs bribery scheme worth $2.4 million in under-declared income.…
DRC and South Africa revive $10bn Inga 3 dam
The DRC and South Africa have revived bilateral talks on the Inga 3 hydropower project, the next phase of the…
South African takes charge of world’s biggest miner
KwaZulu-Natal-born Brandon Craig becomes CEO of BHP, the world's largest miner, on July 1. He joins fellow South Africans Natascha…
Newsletter
AFC closes record $2bn syndicated loan
Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from…
Salt River Market transformed into 970 homes
Cape Town's Salt River Market site was formally handed to developer Communicare on June 8…
Rwanda locks in $250m IMF credit facility
The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9,…
Nigeria’s trade surplus triples to N7.55tn
Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71…