AfricaEconomy

South Africa seeks to double trade with Russia

South Africa is actively pursuing a significant expansion of its economic relationship with Russia — even aiming to double bilateral trade — amid deeper BRICS integration and evolving global strategic priorities. 🤝 Recent High-Level Engagement During a visit to Moscow in mid-June 2025, Vice President Paul Mashatile and Russian Prime Minister Mikhail Mishustin held discussions…
Read more
AfricaEconomyPolitics

Empowering Growth: Launch of a New Credit Rating Agency in Africa

Africa stands at the crossroads of transformative growth, innovation, and investment. With its dynamic economies, rich natural resources, and youthful population, the continent offers unparalleled potential for sustainable development. Recognizing the critical role of accurate financial assessment and transparency in driving this momentum, we are proud to announce the launch of a new credit rating…
Read more
AfricaEconomy

South Africa urges global unity on debt sustainability

South Africa is leveraging its 2025 G20 presidency to champion global unity on debt sustainability, focusing on the urgent need for collective action to address the mounting debt crises faced by developing nations. President Cyril Ramaphosa has emphasized that multilateral cooperation is essential to overcome unprecedented challenges, including rising debt burdens, slow economic growth, and the…
Read more
AfricaEconomyPolitics

South Africa proposes easing of rules for satellite firms like Starlink

South Africa is considering revising its Black Economic Empowerment (BEE) laws to facilitate the entry of satellite internet providers like Elon Musk’s Starlink. The current regulations require foreign telecom firms to have at least 30% local ownership by historically disadvantaged groups, a stipulation that has hindered Starlink’s operations in the country. In response…
Read more
AfricaEconomyPolitics

Niger seizes equipment from French uranium miner

In a significant escalation of tensions between Niger and France, the military junta in Niger has seized control of French nuclear company Orano’s uranium mining operations, including the Imouraren mine, one of the world’s largest uranium deposits. This move underscores Niger’s growing assertiveness over its natural resources and its shifting geopolitical alliances. Background…
Read more
AfricaEconomy

South Africa scraps controversial VAT hike

South Africa’s government has reversed its decision to implement a planned Value-Added Tax (VAT) increase, a move that has sparked significant political and economic debate. The proposed hike aimed to raise the VAT rate from 15% to 16% over two years, intending to address a projected R75 billion ($4 billion) revenue shortfall. However, the plan faced substantial opposition from various…
Read more
AfricaEconomyPolitics

Zimbabwe to scrap tariffs on US goods

Zimbabwe’s decision to scrap tariffs on U.S. goods represents a significant shift in the country’s trade and economic policies. This move, which seeks to open the door to increased trade with the United States, reflects Zimbabwe’s desire to improve its economic prospects, attract foreign investment, and diversify its trade relationships. The decision to eliminate tariffs on U.S.
Read more