Ntando Thukwana

The jobless total climbs by 400 000 to 8.5m, while further monetary tightening remains a risk if inflation stays elevated.

South Africa’s transport minister said the nation’s state-owned ports and rail operator is seeking as much as $2.2 billion from the National Treasury for projects through 2030.

Transnet eyes R35bn funds For projects through 2030. By Ntando Thukwana and Paul Vecchiatto, Bloomberg ·

The move to Zaronia mirrors shifts in the US and UK from measures like the London Interbank Offered Rate — once the most commonly used global reference rate — to more transparent and reliable benchmarks.

‘It's not only the inflationary impact, but also the disturbance of trade and spending patterns that is impeding economic activity.' Sacci said.

South African business confidence improved sightly in July, though the economy continues to be affected by inflationary pressures stemming from the Iran war, the country’s main commerce chamber cautioned.

The biggest overhaul of its pricing policy in almost two decades. By Ntando Thukwana, Bloomberg ·

South Africa proposed sweeping changes to its electricity-tariff framework, the biggest overhaul of its pricing policy in almost two decades.

South African annual inflation eased more than expected in July, hardening the case for the central bank to keep interest rates on hold as it assesses the fallout from the Iran war.

July inflation undershot forecasts, giving the Reserve Bank more room to wait as it weighs volatile global risks.