First Independent Mena Newspaper
Once the largest economy in the continent, South Africa reels under infrastructure degradation that risks ditching the country’s economic growth, according to S&P Global Market Intelligence. Infrastructure dysfunctions, notably irregular electricity, supply hit production at Africa’s most industrialized nation, stoked unrest and worsened the country’s macroeconomic balances. Thea Fourie, Director for Sub-Saharan Africa Economics and […]
After being suspended from the African National Congress (ANC) in January 2024, former South African president Jacob Zuma has been expelled by the party’s disciplinary Committee, according to a leaked document. He was sanctioned for having led a rival party in the May 2024 legislative elections. After suspension, exclusion: the disciplinary committee of South Africa’s […]
South Africa, the 14th largest carbon emitter in the World, has so far failed to match words with action as far as cutting carbon emissions is concerned, as it continues to heavily rely on coal amid slow implementation of renewable energy projects, an independent report said. The report, commissioned by the South African presidency, found […]
South African authorities apprehended 95 Libyan nationals during a raid on a suspected secret military training camp, AP and local media reported. The camp was discovered at a farm in White River, Mpumalanga province, approximately 360 kilometers northeast of Johannesburg. The Libyans claimed they entered the country on study visas for security guard training, but […]
Currently a minor player in the rare earth market, African mines have the potential to supply almost 10% of the world’s rare earth elements by 2029, thereby introducing alternative suppliers into a market currently dominated by China, according to a latest forecast by Benchmark Mineral Intelligence. China’s current domination of the global market for rare […]
Six South African cities topped the list of African cities with the highest criminality rates by mid 2024, Numeo platform said in a recent ranking. Pietermaritzburg came first as the most criminality plagued city followed by five other South African cities: Pretoria, Johannesburg, Durban, Port Elizabeth and Cape Town. Issues related to drugs, kidnappings, and […]
South Africa’s largest city, Cape Town, was hit by a violent storm on Monday that destroyed nearly 1000 homes, local media reported. Gale-force winds displaced around 4,000 people as the city and its surroundings expect the adverse weather to continue until Friday, authorities said. Cold fronts bringing torrential rain, strong winds, flooding and possible mudslides […]
French Total Energies said it plans to quit South Africa’s offshore gas fields to focus on more promising discoveries in Namibia, Bloomberg and Reuters reported. The company plans to give up its license for Block 11B/12B because it doubts whether the complex deep-water finds can be made commercially viable, given South Africa’s small gas market, […]
South Africa’s ANC, which ruled the country for three decades, seeks to join a coalition government after it obtained only 40% of the votes in the May 29 elections. The debacle of ANC was expected as polls showed a falling popularity of the party that ruled what used to be Africa’s richest country since the […]
Carbon taxes, which the EU braces to impose, could slash by up to 10% South African exports, the central bank warned. The warning comes as the South African economy navigates tumultuous waters, with the flight of foreign investors, corruption, insecurity and electricity outages. The country produces 80% of its electricity from coal and is seeking […]