World News by Wild Rose

South African vehicles benefit from duty-free access to the US, and industry estimates indicate around 86-thousand jobs at car manufacturers are directly linked to the agreement, rising to 125-thousand when subcontractors are included.

Ramaphosa said on Monday 19 October that he must prepare South Africa for losing AGOA, the US duty-free trade scheme, and called the job impact devastating. The post South Africa Plans for US AGOA Loss 19 Oct appeared first on The Rio Times.

South Africa stands a good chance of regaining its investment-grade credit rating within two years and next week’s mid-term budget could take another step toward that goal, according to Investec Wealth & Investment International.

A hotter September CPI print could delay rate cuts and rattle the rand, while a cooler core reading would support a hold at 7.25%. The post South Africa Inflation Test Looms for the Rand and Rates appeared first on The Rio Times.

As South Africa’s state power utility relinquishes its monopoly over electricity provision, CEO Dan Marokane says it will remain a dominant player in the country and take on an increasingly important role in neighboring states. He spoke to Bloomberg Television’s Jennifer Zabasajja at the company’s Johannesburg offices. (Source: Bloomberg)

South Africa’s state power utility is looking to develop new revenue streams as it prepares to unbundle and relinquish its dominance in electricity generation and transmission.

South Africa is heading in the right direction for its first credit-rating upgrade by Moody’s Ratings since 2009, provided the country’s fiscal performance continues to improve.

South Africa mining output fell 12.7% year on year in August, the steepest drop since October 2022, as platinum, coal and iron ore slumped. The post South Africa Mining Output Falls 12.7% in August appeared first on The Rio Times.

Boxer Retail Ltd. appointed a new chief executive officer as the incumbent is set to retire, with the South African budget grocer reporting higher first-half profit after it kept prices low to attract cash-strapped consumers.

Europe holds the largest share of foreign investment, China leads trade and Washington is feuding with Pretoria. Here is who matters in South Africa. The post Foreign Powers and Investors in South Africa 2026 appeared first on The Rio Times.

Stats SA says factory output fell 4.3% in August from a year earlier, with nine of ten divisions shrinking and vehicle assembly down 10%. The post South Africa Factory Output Falls 4.3% in August appeared first on The Rio Times.

In its ruling on Wednesday, the Gauteng High Court avoided taking a position on whether the code was constitutional or on its goals for racial transformation

South Africa has recorded record tourist arrivals over the past two months, with more than one million visitors arriving by air each month. But behind these encouraging figures, a concern is emerging: African tourists may gradually turn away from South Africa, even as tourism accounts for more than 8% of the country’s GDP. The country’s xenophobic image has left its mark, as FRANCE 24’s team on the ground reports.

Who runs the South Africa economy in 2026: the Treasury, Reserve Bank, Eskom, Transnet, Naspers, Sasol, the big miners and the Rupert and Motsepe families. The post Who Runs South Africa’s Economy, Key Players 2026 appeared first on The Rio Times.

SA Airlink Pty Ltd., a South African carrier backed by Qatar Airways, expects a substantial increase in revenue this fiscal year as new deliveries of Embraer SA jets enable its expansion across the continent, the airline’s chief executive officer said.

South Africa’s antitrust commission moved to revoke the approval of a merger between two of the nation’s biggest packaged food producers, saying they withheld key information about post-deal plans to shutter a fruit-canning plant.

The OUTsurance buyout swaps new shares for a stake held by the founder, executives and staff, ending a two-layer structure before a vote on 24 November. The post OUTsurance Plans US$612 Million Minority Buyout appeared first on The Rio Times.

South African farmers hit by foot-and-mouth disease must still pay the R30.23 (US$1.81) minimum wage, while imported vaccines fill the gap. The post South Africa’s Foot-and-Mouth-Hit Farmers Still Bound by Minimum Wage appeared first on The Rio Times.

The rand weakened 1.5% to about R16.67 per dollar on Thursday, pulling Johannesburg bank shares lower while gold miners gained and factory data improved. The post South Africa Markets: JSE & the Rand — October 1, 2026 appeared first on The Rio Times.

Capitec Bank Holdings Ltd.’s first-half profit and interim dividend jumped to a fresh record as higher fee and commission income at South Africa’s biggest bank by clients lifted revenue.

Morningstar Inc. is steering clear of South African stocks in its global portfolios as relatively weak economic growth overshadows cheap valuations.

Central Energy Fund projections point to record South African fuel prices in October, with petrol up about R3 a litre and diesel past R33 inland. The post South Africa: Petrol and Diesel Prices Head for Record Highs in October appeared first on The Rio Times.

The fight for banking clients is hotting up in South Africa as the newest entrant works to become the preferred lender in a key sector of the continent’s biggest economy.

Middle East sovereign wealth funds, backed by trillions of dollars in assets, have advised South Africa to create a fundraising vehicle as part of a plan for a new state firm that will manage its 155 billion-rand ($9.5 billion) property portfolio.

Demand surged at an auction of South African government bonds as investors snapped up relatively high yields ahead of inflation data and a central bank policy meeting later this week.

Pick n Pay Stores Ltd. named retail veteran Spencer Sonn to succeed Sean Summers as chief executive officer and complete a turnaround of the South African grocer that remains unfinished more than three years after Summers returned to rescue the business.