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Economy
Fitch downgrades outlook on China to negative on growth risks
Date:Apr 10, 2024
Ratings agency Fitch revised its outlook on China’s sovereign credit rating to negative on Tuesday, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth models.
EU gives coffee exporter Uganda $43m to comply with policy
Date:Apr 10, 2024
The European Union (EU) has awarded a $43 million grant to Uganda, the continent's top coffee producer.
SA National Roads Agency addresses E-Toll debt crisis
Date:Apr 10, 2024
Reginald Demana, the Chief Executive Officer of the South African National Roads Agency (SANRAL), confirms that the National Treasury will be addressing the resolution of SANRAL's substantial E-toll debt.
SA Minister mum on those behind push for PetroSA board chair’s vetting
Date:Apr 10, 2024
South Africa's Mineral Resources and Energy Minister, Gwede Mantashe, has refused to name a member of cabinet who insisted that PetroSA board chairperson, Nkululeko Poya, be vetted.
Nigeria recovers $24m in suspended poverty Minister investigation
Date:Apr 9, 2024
Nigeria's fight against corruption, authorities have successfully reclaimed $24 million in an extensive investigation targeting a former cabinet member.
Russian court rejects Google's appeal against $50m fine over Ukraine content
Date:Apr 10, 2024
A Russian court said it had rejected an appeal by Alphabet's Google against a $49.4 million fine, imposed for failing to delete what Russia considers to be fake information about the war in Ukraine.
SA Rand slips before US CPI release
Date:Apr 10, 2024
South Africa's (SA) Rand was slightly weaker in early trade on Wednesday, as the United States (US) Dollar held firm ahead of a key inflation report later in the day.
Sibanye may seek $500m via metals prepayment deals to boost cash
Date:Apr 10, 2024
Sibanye Stillwater say it may look to raise about $500 million through prepayment arrangements such as so-called metals streaming to shore up its cash position, even as the company sees an improvement in metal prices and the market outlook.
SA organised agriculture groups, provincial government to monitor drought impact
Date:Apr 10, 2024
South Africa's (SA) Agriculture, Land Reform and Rural Development Minister, Thoko Didiza, says organised agriculture groups and provincial government will continuously monitor the impact of the drought in the country's various regions.
Microsoft to invest $2.9bn to boost AI business in Japan
Date:Apr 9, 2024
Microsoft Corp will invest about $2.9 billion over the next two years to boost its artificial intelligence (AI) business in Japan, the Nikkei newspaper reported on Tuesday citing the company President.
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