Oil rig is headed to drill in SA’s litigious waters

Bloomberg A rig hired by Eco Atlantic Oil & Gas Ltd. and partners is headed for waters off South Africa, where a surge of legal moves to block fossil-fuel exploration…

Apple expects to sustain iPhone sales

Bloomberg Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather…

Clock ticking to save SA wool industry 

Fin24 Time is running out for government to get a Chinese ban on the import of wool from South Africa lifted before SA’s first wool auction for the 2022/23 season…

Mixed sentiments as Treasury takes aim at public tenders

Tapiwanashe Mangwiro Zimbabwe’s Treasury, amid the battle to contain resurgent inflation and rapid depreciation of the local currency, which forced it to issue a supplementary budget nearly the size of…

Is there a paradigm shift in US-Africa relations?

US Secretary of State Anthony Blinken’s whirlwind visit to three African countries is the second in less than 12 months. In November 2021 he visited key US regional partners Senegal,…

Treasury tightens purse amid funds abuse

Business Writer Some key Government ministries were starved of resources during the first half of the current fiscal year, figures from the Ministry of Finance and Economic Development show. This…

Women make up 58pc of SA loans in arrears

Women make up 57 percent of the 19 million credit-active consumers in South Africa. This is according to Eighty20’s latest Credit Bureau Data released in 2021. The same report revealed…

Interest rate hike to hit Nedbank’s loan book

Nelson Gahadza The increase in interest rates by the Reserve Bank of Zimbabwe (RBZ) will impact current facilities on Nedbank Zimbabwe’s loan book and will slow down lending, according to…

State entities continue to violate audit rules

Business Writer MOST parastatals and State enterprises continue to violate Constitutional provisions and legal requirements of the Public Finance Management Act (PFMA) on accounts auditing due to several operational deficiencies,…

S. Africa mulls more security in protecting power supply

Critical infrastructure consists of national assets that are viewed as having strategic importance. South Africa has plenty of critical infrastructure spread across its length and breadth — measuring about 1,219…

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