South Africa emerges as Africa’s corporate powerhouse
Many of the continent’s largest companies in sectors such as mining, financial services, telecommunications, retail, energy and manufacturing trace their roots to South Africa.
Economy
SA credit rating surpasses several Sub-Saharan economies following upgrade
The upgrade reflects improving fiscal discipline, stronger growth prospects, and progress in state-owned company reforms.
South Africa charts new economic course with lower inflation target and infrastructure push
By signalling a lower inflation target, stabilising debt, and pushing infrastructure and private-sector mobilisation, South Africa is presenting a bold blueprint for reform.
Sub‑Saharan Africa’s economy stabilises: 4.1% growth expected in 2025, set to improve in 2026
The IMF says the outlook is supported by continued progress in economic reforms and stabilization efforts across several major economies in the region.
Economic pressures force giant retailer Shoprite to close stores in Malawi, Ghana
Shoprite is set to shut down its operations in Malawi as part of its plans to exit several African countries.
Cape Town’s aviation boom fuels job creation and economic growth
In 2024, Africa’s best airport, the Cape Town International Airport, welcomed over 10 million passengers and moved 75 000 tonnes of cargo.
SA Finance Minister flags immigration as growing economic risk
The Minister of Finance criticised the principle that “South Africa belongs to all who live in it” calling it a grave mistake.
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