City Johannesburg Financial News

Johannesburg, Sihle Dube had rented a tiny room from someone who didn't actually own it, in a rundown building that was becoming a trash-strewn haven for drugs and crime. On Thursday, he awoke to a bang at 2 a.m. — one of the few things he would remember about that night was seeing the time on his phone — and jumped up to check the entrance to his apartment. Smoke came billowing in. «It was unbearable; I couldn't breathe,» he said, covering his mouth for emphasis as he lay in a hospital bed the next day. Dube scrambled into his trousers and tried to climb out of his first floor window, but he slipped on a satellite dish, fell and blacked out.

Subscribe to enjoy similar stories. JOHANNESBURG—The corporate exodus from what was supposed to be Africa’s breakout economy is accelerating, propelled by a toxic cocktail of corruption, lawlessness and poor infrastructure.

Subscribe to enjoy similar stories. JOHANNESBURG—For years, hundreds of illegal miners known locally as zama zamas prospected for gold on this patch of land on the outskirts of the city with hammers and chisels in hand-dug tunnels. Now, the site has been transformed into South Africa’s first new underground gold mine in more than 15 years, part of a global rush to boost production of a metal trading at record prices.

The mineral-rich country's main trading partners are the United Arab Emirates, South Africa and China, and its limited exports to the US comprise mainly of tobacco and sugar. «I will direct the Zimbabwean government to implement a suspension of all tariffs levied on goods originating from the United States,» President Emmerson Mnangagwa said in a post on X. This announcement was «intended to facilitate the expansion of American imports within the Zimbabwean market, while simultaneously promoting the growth of Zimbabwean exports destined for the United States,» he said. The total goods trade between the two countries amounted to $111.6 million in 2024, according to US government data.

Emergency crews were trying to lift the bus back onto its wheels to see if any more victims were trapped underneath it, said William Nthladi, a spokesperson for the city's Ekurhuleni Emergency Management. The crash happened on a highway near Johannesburg's main O.R. Tambo International Airport. The bus was lying on its side near the edge of the highway. It had been transporting people from the township or Katlehong, east of Johannesburg, officials said. Nine men and three women died at the scene of the crash, with two bodies still trapped in the wreckage. Officials didn't immediately give the victims' ages. Nthladi said he also couldn't give details on the extent of the injuries sustained by the people who were hospitalized. The driver was among those taken to the hospital.

Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in the region. Microsoft Vice Chair and President Brad Smith said at an event in Johannesburg on Thursday that the world's biggest software maker would pay for technical certification exams for 50,000 individuals in high-demand digital skills. The certification will be for cloud architecture, AI and cybersecurity, he added.

Jaishankar has said the G20's ability to harmonise viewpoints is key to advancing the global agenda. Jaishankar is in Johannesburg on a two-day visit to South Africa to participate in the G20 Foreign Ministers' Meeting,

Wanderers Stadium in Johannesburg. Having already secured the series by winning the first two encounters, South Africa will be aiming to complete a clean sweep, while Pakistan looks to bounce back and finish the series with a much-needed victory ahead of their upcoming One-Day International (ODI) series.

Eskom with a Powerplant Control Room simulator to train locals in Eskom's plans to renew and repurpose its power stations across the country, an official has said. The announcement was made on Friday after representatives of a dozen Indian energy companies met Eskom executives on the sidelines of the Urja Matla Energy Conference. The conference was hosted by the Indian Consulate General and the Wits Business School. Harish Kumar, Commercial Representative and Head of Chancery at the Indian Consulate in Johannesburg, said at the meeting that India was ready to help Eskom in renovation and modernisation, equipping them with efficient systems through supercritical and ultra supercritical sets, emission control, and latest technologies in transmission and distribution.

Subscribe to enjoy similar stories. Mergers and acquisitions (M&As) are likely to get a boost in 2025 on the back of increased political clarity after a year of key national elections globally and a cooling initial public offering (IPO) market, top executives at Investec Bank Plc said in an interview with the Mint. “2024 was clearly a year of significant uncertainty.

South African authorities are embroiled in a standoff with an unconfirmed number of illegal miners who remain underground at an abandoned mine, apparently fearing arrest by police officers at the site

The South African government says it has put together a team including mine rescue experts to come up with a plan to bring to surface illegal miners who remain under a disused gold mine

Sanju Samson and Tilak Varma hammered unbeaten centuries as India posted a colossal 283 for 1 in the fourth and final T20 International against South Africa on Friday. The duo’s partnership helped India set a new benchmark for T20I batting, with both players crafting match-winning centuries in what was a historic first for Indian cricket.

South Africa’s government says it will not help 4,000 illegal miners inside a closed mine in the country’s North West province as part of an official policy against illegal mining

India vs South Africa Live Score 3rd T20I: Locked at 1-1 after the first two games, India and South Africa will be hoping for another nail-biting thriller when they face off at the SuperSport Park in Centurion on Wednesday. If Sanju Samson's second T20I ton and combined work by Indian spinners Varun Chakravarthy and Ravi Bishnoi headlined Men in Blue's win in Durban, Tristan Stubbs' calm and composed knock under pressure restored parity for the hosts in Gqeberha. With the series being a four-game rubber, whichever team wins in Centurion, won't lose the series.

Mauritius’ opposition coalition has won the country’s election by a landslide

Taiwan has rejected South Africa’s demand that it move its representative office in the country from the capital, Pretoria, to the commercial center of Johannesburg

Prince Harry’s latest philanthropic move will gather world business leaders and philanthropists to work towards fostering prosperity in Southern African communities

Pravin Gordhan, who was a South African government minister for many years after beginning his political career opposing apartheid, has died

South Africa’s justice minister has denied corruption allegations against her related to a mutual bank scandal in which thousands of retirees lost their life savings