PRETORIA, Nov 21 South Africa's central bank
kept its repo rate unchanged at 6.5% in a close decision on
Thursday, saying it wanted to see inflation expectations closer
to the midpoint of its target range, despite a sustained drop in
JOHANNESBURG South African Airways (SAA) has canceled flights scheduled for Friday and Saturday because of a pending strike by a majority of employees over a wage dispute and the state-run carrier's plans to cut jobs. | Video
* Unions say strike indefinite
(Updates with union comments after meeting)
JOHANNESBURG South African President Cyril Ramaphosa secured around 360 billion rand ($24 billion) of investment pledges from businesses on Wednesday, saying these would spur economic growth and reduce unemployment.
JOHANNESBURG, Nov 6 South African President
Cyril Ramaphosa secured about 200 billion rand ($13.5 billion)
of investment pledges, mainly from domestic companies, on
Wednesday as part of his drive to boost flagging economic
CAPE TOWN, Oct 31 South Africa's government was
bracing for an unfavourable review of the country's final
investment grade credit rating on Friday, bringing an exodus of
foreign money from an already debt-riddled economy a step
CAPE TOWN South Africa is investigating criminal syndicates operating in the scrap metal, fuel and gold industries and responsible for value-added tax (VAT) and customs fraud estimated at "tens of billions of rand" a year, the tax commissioner said on Thursday.
* Gross debt seen rising, Mboweni warns of debt trap
(Adds more details, analysts comments)
JOHANNESBURG, Oct 24 Angola's central bank has
raised the rate of cash commercial lenders are required to hold
in reserve, a move to ease inflation and stabilise the currency
that was welcomed by analysts and markets.
JOHANNESBURG South Africa is unlikely to suffer a credit downgrade to junk in the short term, but the slow pace of reform illustrated by a logjam over ailing state power firm Eskom poses a serious risk, ratings firm Moody's said on Tuesday.