By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s National Treasury will have a narrower budget deficit in 2022/23 than it earlier assumed, continuing to be trimmed over the next three years thanks to buoyant mining receipts, a Reuters poll found on Friday. In a review of finances due to be announced next week in parliament …
S.Africa’s Treasury to trim budget deficits further on mining royalties Read More »
JOHANNESBURG (Reuters) – South African state logistics group Transnet said on Friday that force majeure had been lifted with immediate effect at its automotive, bulk and multi-purpose terminals, after a strike over a wage dispute ended earlier this week. Transnet workers went on strike for nearly two weeks from Oct. 6, paralysing freight rail and …
S.Africa’s Transnet lifts force majeure at some port terminals Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Thursday, boosted by a softer dollar and improved global risk sentiment. At 1541 GMT, the rand traded at 18.2000 against the dollar, 0.6% firmer than its previous close. The U.S. dollar index that measures the greenback against a basket of currencies, fell 0.6% to 112.34. On the …
South African rand firms on weaker dollar; stocks edge up Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s telecoms regulator said on Thursday it had rejected a proposal by mobile operators to raise prices within an agreed band for voice and data services by 10% and had directed them to reverse any tariff adjustments. Industry officials said some telecoms firms had increased prices for voice and …
Nigerian telecoms regulator rejects 10% hike in mobile services costs Read More »
By Rachel Savage JOHANNESBURG (Reuters) -Cryptocurrency financial companies in South Africa will need to apply for a licence between June 1 and Nov. 20, 2023, in order to operate legally, the country’s financial conduct regulator said on Thursday. A declaration on Wednesday that crypto assets are financial products does not mean that they are legal …
South African crypto platforms must be licensed in 2023 -regulator Read More »
GABORONE (Reuters) – Botswana’s central bank kept its monetary policy rate unchanged at 2.65% on Thursday. (Reporting by Brian Benza; Writing by Alexander Winning; Editing by James Macharia Chege)
RABAT (Reuters) – Morocco’s consumer price index rose by 8.3% year-on-year in September, driven mainly by a surge in foodstuff prices, the high commission for planning said on Thursday. Food prices rose by 14.7% while non-food inflation increased by 4.4%. On a month-on-month basis, the index rose by 1%. Core CPI, which excludes goods subject …
Morocco’s annual CPI up 8.3% in September as foodstuff prices soar Read More »
(Reuters) -Precious gem miner Gemfields Group has stopped operations at its Montepuez ruby mine in Mozambique’s Cabo Delgado province after an attack was reported at a nearby facility, it said on Thursday. “This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies approximately 12 …
Gemfields halts Mozambique operations after attack at nearby ruby mine Read More »
CAPE TOWN (Reuters) – Niger expects to start exports in July or August next year from its new $2.5-billion crude oil pipeline linking the main Agadem production area to a port terminal in Benin, the oil minister of the landlocked West African country told Reuters. Almost 2,000 km (1,243 miles) long, the pipeline operated by …
Niger sees first exports from new $2.5 billion oil pipeline in mid-2023 Read More »
JOHANNESBURG (Reuters) – South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated. In the brief notice, the Financial Sector Conduct Authority (FSCA) said a crypto asset, which it referred to as “a digital representation of value”, must be regulated …
