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South Africa

South Africa Records First Current Account Surplus in Over Two Years in Q4

South Africa recorded its first current account surplus in more than two years in the fourth quarter of 2025, supported by stronger export earnings...

South Africa’s Standard Bank Reports 11% Rise in Annual Earnings

Standard Bank Group, Africa’s largest lender by assets, reported an 11 percent increase in annual earnings, supported by strong performance across its banking operations...

Mercedes Considers Sharing South Africa Factory With China’s GWM

Mercedes-Benz Group is exploring the possibility of sharing its vehicle manufacturing plant in East London, South Africa, with Chinese automaker Great Wall Motor (GWM),...

African Rainbow Minerals Half-Year Profit Rises 10 Percent on Stronger Platinum Prices

South African mining group African Rainbow Minerals reported a 10 percent rise in half-year profit, supported by stronger prices for platinum group metals, as...

South African Financiers Develop $122 Million Water Conservation Bond

Financial institutions in South Africa are structuring a 2 billion rand ($122 million) water conservation bond aimed at funding ecological restoration projects to protect...

Mosiuoa Lekota, Veteran ANC Breakaway Leader, Dies at 77

Mosiuoa Lekota, the anti-apartheid activist who later led a historic split from the African National Congress (ANC) to co-found the Congress of the People...

Chery to Launch iCAUR Electric Vehicle Brand in South Africa in May

Chery Automobile will launch its new electric vehicle sub-brand iCAUR in South Africa in May 2026, marking the company’s latest expansion into the African...
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