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Economy
The Group of Twenty (G20) South Africa
South Africa (SA) hosts the Group of Twenty (G20) summit this year, the first time the gathering takes place on African soil.
ZiG currency marks one year, showing resilience amid scepticism
Date:Apr 9, 2025
Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), has officially marked one year since its launch, defying widespread scepticism and establishing itself as a symbol of the country’s efforts towards economic sovereignty.
'Digital infrastructure challenges hamper Africa's AI advancements'
Date:Apr 9, 2025
Despite notable strides in adopting Artificial Intelligence (AI) across Africa, digital infrastructure remains a significant obstacle.
SA sees slight economic improvement in March: Index
Date:Apr 9, 2025
South Africa's (SA) economic activity showed a small rebound in March 2025, according to the latest report from BankservAfrica’s Economic Transactions Index (BETI).
Petra Diamonds delays Cullinan Mine tender amid US tariff uncertainty
Date:Apr 9, 2025
Petra Diamonds which has the world's third-largest resource of diamonds, said on Wednesday it had delayed the sale of gems from its Cullinan Mine in South Africa (SA) until there was greater clarity around the impact of United States (US) tariffs.
SA faces growing costs due to construction disputes
Date:Apr 9, 2025
Sihle Zikalala, the Deputy Minister for the Department of Public Works and Infrastructure, has revealed that South Africa (SA) is spending considerable amounts of money due to disputes within the construction sector.
Rand near record low on tariff war, coalition friction
Date:Apr 9, 2025
The South African (SA) Rand traded near an all-time low against the dollar on Wednesday, bruised by global risk aversion linked to United States (US) President Donald Trump's tariffs and uncertainty over the future of the country's ruling coalition.
Nigeria posts $6.83 billion balance of payments surplus in 2024: Central bank
Date:Apr 9, 2025
Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade performance, and renewed investor confidence in the economy, the Central Bank of Nigeria (CBN) said on Monday.
China retaliates as Trump trade tariffs kick in
Date:Apr 9, 2025
China will impose 84% tariffs on United States (US) goods from Thursday, up from the 34% previously announced, its Finance Ministry said on Wednesday, firing the latest salvo in a global trade war sparked by US President Donald Trump.
Madagascar risks losing 60 000 textile jobs to US tariffs
Date:Apr 9, 2025
Madagascar could lose around 60 000 textile sector jobs because of United States (US) President Donald Trump's 47% tariff on the country, an industry official has said.
Zimbabwe disburses $3m under global compensation deed
Date:Apr 9, 2025
Zimbabwe's Finance Minister, Mthuli Ncube, has confirmed the disbursement of over $3 million to compensate former farm owners under the Global Compensation Deed, an agreement signed in 2020.
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