South Africa

Zimbabwe

Mad Money Muse:  Zimbo Economic Circus Rolls On

This week, we’ve got a buffet of absurdity: tax revisions that scream “oops, my bad,” Blessed Geza’s grand return as the wannabe Che Guevara of Harare, Blessing Mhlanga’s jailhouse blues, Chris Mutsv

Mar 19, 2025
South Africa
Ben Magara Takes the Helm at Exxaro: Steering Towards a Sustainable Future

Magara is a qualified Mining Engineer with over 35 years of experience across Africa's mining landscape. His early career saw him cutting his teeth in Zimbabwe's rich mining sector before making his m

 Mar 14, 2025
Zimbabwe
South Africa’s 2025 Budget: A Fragile Lifeline for Zimbabwe’s Ailing Economy?

For Zimbabwean businesses and policymakers, this figure raises a pressing question: is it enough to pull South Africa—and the region—out of its economic quagmire? As Zimbabwe’s largest trading partner

 Mar 13, 2025
World
Electoral Integrity in SADC: A Review of Recent Polls and Challenges Ahead

Africa's electoral landscape has been historically beset by undue influences and authoritarian tendencies, compromising the legitimacy of democratic processes. This has resulted in the continent's per

 Mar 03, 2025
Zimbabwe
Zimbabwe's Inflation Cools in February for Both USD, ZiG: Regional Comparison and Analysis

Zimbabwe’s inflation landscape brightened in February 2025, with month-on-month rates for both its gold-backed ZiG currency and the U.S. dollar plummeting to their lowest levels in months, according t

 Feb 27, 2025
World
Unemployment Trends in Southern Africa: Over 7 Million Jobless in South Africa

South Africa’s unemployment rate has shown a slight improvement, declining for the second consecutive quarter to 31.9% in the fourth quarter of 2024, down from 32.1% in the previous quarter. This mar

 Feb 19, 2025
South Africa
Implats Production Dips 4%, Earnings Forecast Reduced

mpala Platinum Holdings (Implats) Limited, a leading South African  platinum group metals (PGM) producer, has recorded a 4% decline to 1.82 million 6E ounces for the half year to full year 2025 ended

 Feb 11, 2025
Anglo American Platinum Forecasts Earnings Plunge of Between R7.6 Billion to R9.0 Billion in FY2024

The platinum group metals (PGM) sector continues to face significant headwinds, with declining prices and operational challenges weighing heavily on producers. Anglo American Platinum, the world’s lea

Feb 06, 2025
Pick n Pay’s Strategic Pivot: Online Growth Pacifies Physical Store Closures

The global retail landscape is undergoing a seismic shift, driven by the rapid rise of online sales and the gradual decline of traditional brick-and-mortar stores. This trend is reshaping the supermar

Feb 05, 2025
Land Reform Dilemma: Trump’s Potential Retaliation if Ramaphosa Defies U.S. Expectations on Land Reform

President Donald Trump has indicated that he is considering cutting U.S. aid to South Africa, one of the leading economies in Sub-Saharan Africa, in response to the country’s recently enacted Land App

Feb 04, 2025
Grid Africa Secures R50 Million Boost for Solar Energy Expansion

Grid Africa, a leading renewable energy developer and independent power producer (IPP), has secured a significant equity investment of R50 million from Rifuwo Energy Partners. This funding will accele

Oct 15, 2024

Zimbabwe's Chrome Sector Poised for Growth Amidst Global Demand

In 2023, global chrome ore production increased by 4% year-on-year, driven by demand from Chinese smelters. Despite a slight dip in the first quarter, chrome prices are gaining momentum this year.

Aug 14, 2024

Pick n Pay's Transformative R4bn Capital Raise

Pick n Pay, a leading South African retailer, has successfully raised a substantial R4 billion (US$218 million) through a rights offer that was oversubscribed, reflecting strong investor confidence in

Aug 08, 2024

Pick n Pay Announces Major Recapitalization and Potential Boxer Spin-Off

Pick n Pay, the prominent South African grocery and retail group which has a partnership with TM Supermarkets in Zimbabwe, a Meikles subsidiary, has unveiled a significant strategic plan that could re

May 29, 2024

Amazon's Arrival Ushers in New Era for South African Retail

The launch of Amazon's online store in South Africa this May marks a watershed moment for the country's rapidly growing e-commerce sector. After years of anticipation, the global retail giant has fin

May 13, 2024

AB InBev Delivers Robust Q1 2024 Performance

Anheuser-Busch InBev (AB InBev), the global brewing giant with a stake in Delta Corporation, Zimbabwe's largest beverage company, recently announced its financial results for the 1st quarter of 2024.

May 08, 2024

South Africa's Inflation Hits 5.6%, Highest in Four Months

South Africa's annual inflation rate climbed to 5.6% in February 2024, rising from 5.3% in January, according to the latest statistics released by Statistics South Africa. This exceeded market expecta

Mar 20, 2024

Sibanye Plunges to a 37 Billion Loss, Prompts Reconsideration of Additional Restructuring Measures

Sibanye Stillwater Reported Massive Loss of 37.4 Billion Rands, Wiping Out Previous Profits Commodity Price Decline Affected Operations The Company Faces Restructuring and Project Cutbacks Amid Econom

Mar 07, 2024

Steadfast Safety and Surging Refinement: Anglo American Platinum's Resilience in a Volatile PGM Market

The fourth quarter of 2023 was a turbulent one for the platinum group metals (pgm) market, as geopolitical tensions and supply disruptions affected the prices and availability of these precious metals

Feb 08, 2024