Author: Staff Writer

South Africa aims to transition from high to low carbon emissions while ensuring the vulnerable and affected communities are not left behind.

The research by the U.S.-based Atlantic Council think tank says more than 130 countries are exploring the possibility of launching their own central bank digital currencies (CBDCs). View the full the Central Bank Digital Currency Tracker released by the Atlantic Council here.

South Africa’s ownership of foreign assets has improved, indicating a stronger financial standing for the country. The Reserve Bank Quarterly Bulletin revealed that SA’s net international investment position improved, rising from a revised R1.008-trillion at the end of September 2022 to R1.209-trillion at the end of December as foreign assets increased more than foreign liabilities.

PrimeServ, a South African facilities management company, has announced an increase in its dividend payout for the 2023 financial year.

The Western Cape in South Africa has been experiencing a shortage of liquefied petroleum gas (LPG) due to supply chain disruptions.

AECI, a South African chemicals and explosives company, has reported strong sales growth and market share gains for the six months ending June 2023.

Safari Investments, a South African real estate investment trust, has reported higher-than-expected earnings for the six months ending March 2023.

South African President Cyril Ramaphosa has been cleared of any wrongdoing in connection with a robbery at the Phala-Phala Wildlife farm in Limpopo province in 2020.

Private hospital group Mediclinic has announced that it will forego paying a final dividend and instead use the funds to finance its full acquisition of Matlosana Medical Health Services.

Eskom, South Africa’s state-owned power utility, has requested additional funding from the government to cover its operating costs.