As South Africa begins to experience the positive effects of solar deployment — including a reduction in load shedding — the continent is witnessing a rise in both small and large-scale solar installations. SPECIAL REPORT | BIRD AGENCY | South Africans are enjoying a significant ‘load shedding’ break thay has …
Read More »Not yet time for sovereign wealth fund: South African president
CAPE TOWN | Xinhua | South African President Cyril Ramaphosa on Thursday said that while the government remains committed to building a sovereign wealth fund, now is not the most favorable time for its immediate establishment. He made the remarks during an oral reply session at the National Assembly …
Read More »Absa Group reports interim profit as South African retail portfolio improves
Johannesburg, South Africa | THE INDEPENDENT | Absa Group reported headline earnings of R10.2 billion for the first half of 2024 and said it expects an improvement in second-half Group performance as its South African retail businesses demonstrated earnings growth across the portfolio in the first six months of the year. …
Read More »South Africa deports 95 Libyans arrested at military training camp
JOHANNESBURG, South Africa | Xinhua | The South African Department of Home Affairs on Sunday deported 95 Libyans who were arrested at a suspected illegal military training base in South Africa last month. The 95 Libyan nationals were arrested by police in July after allegedly being found doing military training …
Read More »Why banks are dumping ATMs in South Africa
Maintaining and servicing ATMs in remote or low-traffic areas is becoming less cost-effective for banks ANALYSIS | AGENCIES | Absa, Standard Bank, and FNB have been closing ATMs over the last five years, while Capitec has significantly increased its ATM footprint. Banks in South Africa are closing ATMs due to a …
Read More »South Africa condemns assassination of Hamas leader
JOHANNESBURG | Xinhua | The South African government on Thursday condemned the “targeted assassination” of Ismail Haniyeh, the political leader of Hamas. In a statement issued by South Africa’s Department of International Relations and Cooperation, the government expressed its “heartfelt condolences” to the Haniyeh family and the leadership and people …
Read More »Former President Zuma expelled from South Africa’s ruling ANC
JOHANNESBURG, South Africa | Xinhua | The African National Congress (ANC) of South Africa on Monday confirmed that the country’s former president, Jacob Zuma, has been expelled from the party after contravening the constitution. Fikile Mbalula, the party’s secretary-general, announced that the National Disciplinary Committee of the ANC found Zuma …
Read More »South African president mourns soldiers killed in DR Congo
JOHANNESBURG, South Africa | Xinhua | South African President Cyril Ramaphosa on Thursday expressed his profound sadness at the deaths of two soldiers and injuries to 20 others in the Democratic Republic of the Congo (DRC). The casualties of the South African National Defense Force (SANDF) members were inflicted by …
Read More »Cyril Ramaphosa takes oath of office for 2nd term as South African president
JOHANNESBURG, South Africa | Xinhua | Cyril Ramaphosa, leader of South Africa’s ruling African National Congress (ANC), took the oath of office as the nation’s president for the next five years Wednesday at a ceremony in Pretoria, the administrative capital. “As the President of the Republic, I will work with …
Read More »Ramaphosa reelected as South African president
CAPE TOWN, South Africa | Xinhua | Cyril Ramaphosa, leader of South Africa’s ruling African National Congress (ANC), was reelected by the National Assembly on Friday as the nation’s president for the next five years. Chief Justice Raymond Zondo, who presided over the first sitting of the National Assembly, announced …
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