Africa in Business
In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.
Business round-up with Victor Kgomoeswana, author and Executive Director for Marketing and Communication at the University of Limpopo
Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back", and the Executive Director for Marketing and Communication at the University of Limpopo, rounds up business news that made headlines in the week.
Concerns as SA's construction industry sees a decline in public investment in infrastructure
There are ongoing concerns over South Africa's construction industry, which has been in decline for some time. With one of the big construction companies struggling to keep its head above water sometimes, some commentators have attributed this slump largely to a lack of public investment in infrastructure. Now Murray & Roberts is facing potential liquidation, after a creditor initiated legal proceedings in the Gauteng Division of the High Court, seeking a final or provisional winding-up order against the company. Thami Ngubeni spoke to Aubrey Tshalata, the President of the National African Federation for the Building Industry (NAFBI
South Africa gears up to host the Africa Critical Minerals Summit
As South Africa gears up to host the Africa Critical Minerals Summit in Johannesburg next week, the General Industries Workers Union of South Africa (GIWUSA) is calling for a continent-wide minerals strategy to prevent another "scramble for Africa." The union is also pushing for the formalisation of illegal mining, locally known as Zama Zamas. Channel Africa Economics reporter Innocent Semosa has more
Kenya secures a $169 million financing for the country's automotive and energy sectors
As the Ninth Tokyo International Conference on African Development (TICAD 9) concludes in Yokohama, Japan, Kenya has managed to secure 169 million US dollars in financing to support the East African country's vehicle assembly and energy sectors. The Samurai financing facility is set to strengthen the local vehicle assembly and parts manufacturing industry while also addressing electricity transmission and distribution losses. Thami Ngubeni spoke to Peter Wakaba, a Business News Editor in Nairobi and an economic commentator..
South Africa's Finance Minister sounds an alarm on rising levels of government debt
South Africa's Finance Minister Enoch Godongwana has sounded the alarm on rising government debt, warning that the country is fast running out of room to borrow. South Africa's public debt is expected to soar to 77.4 per cent of GDP this financial year. He added that the budget process is entering uncharted territory, with parliament and government still learning how to balance trade-offs in a fragile economy. Godogwana speaking at a workshop on Friday held the public's input in the budgeting process. Dimakatso Leshoro filed this report...
The Malawi Bureau of Standards is set to launch a Management Information System to simplify import and export formalities
The Malawi Bureau of Standards (MBS) is set to launch a digital platform that will streamline import and export formalities, while enhancing quality assurance and improving compliance enforcement. The digitisation of the MBS will see the cost and time of products by manufacturers and traders reduced significantly. A platform which forms part of the Southern Africa Trade and Connectivity (SATC) Project, funded by the World Bank, is aimed at increasing private sector activity along targeted corridors of Malawi and Mozambique. Thami Ngubeni spoke to Sarah Msosa, Systems Development Officer at Malawi Bureau of Standards...
C Suite: Dr Mabitje Rampedi, founder and CEO of the Phelang Bonolo Healthcare (PBH) Group
C Suite, we have Dr Mabitje Rampedi, a South African doctor, entrepreneur, and the founder and CEO of the Phelang Bonolo Healthcare (PBH) Group. Dr Rampedi completed his MBChB at the University of KwaZulu-Natal in 1990. He then opened his private practice in the township of Soshanguve in Pretoria, which led to the founding of Phelang Bonolo Healthcare (PBH) Group 16 years later. Some have described Rampedi's life story as one of black excellence, service, and generational impact. Thami Ngubeni spoke to Dr Mabitje Rampedi, a South African doctor, entrepreneur, and the founder and CEO of the Phelang Bonolo Healthcare (PBH) Group...
G20: Civil Society shaping the discussion among the Group of Twenty countries
As we build up to the G20 Summit in November.. Today, the focus is on civil society's participation in shaping the discussion among the Group of Twenty countries. Civil Society 20 (C20) was formally established as an official G20 engagement group in 2013, during the Russian presidency of the Group. It aims to achieve positive results for society under the principle of "leave no one behind" and also ensure greater balance in the dialogue with the G20. The Civil 20 (C20) South Africa's working group has stressed the need not to leave anyone behind as economies transition to greener economies and digital futures. Civil society-led initiatives, such as cooperative farming and early childhood care and education, demonstrate that solutions already exist within communities. Thami Ngubeni and Ashraf Garda spoke to Civil 20 (C20) South Africa Sherpa, Mabalane Mfundisi..
C20 says Africa can seize the opportunities presented by the African Continental Free Trade Agreement
South Africa's Chairperson of the C20, Thulani Tshifuta, says the volatile global geopolitical environment has exposed vulnerabilities in many economies. However, he believes Africa can seize the opportunities presented by the African Continental Free Trade Agreement. Tshifuta was speaking in Pretoria, where he briefed the media on the progress made by groups under the C20. Channel Africa's Economics Reporter, Innocent Semosa, has more…
The latest business and financial markets developments
Lindile Malgas, Investment Strategist at Absa Investments, unpacks the latest performance of global and local markets. BHP Group reported a decline in revenue. MTN Group interim results and South Africa's consumer price index
43% of women in South Africa are considerably financially stressed
Old Mutual's annual Old Mutual Savings and Investment Monitor (OMSIM) 2025 has found that a proportion of women who are considerably financially stressed has risen from 39% to 43%. 76% of those who were surveyed believe their financial situation will improve in the next six months. However, debt remains a significant concern, with more than half of working women frequently worrying about it. Thami Ngubeni spoke to Vuyokazi Mabude, Head of Knowledge and Insights at Old Mutual...
Murray and Roberts face potential liquidation
South African-based engineering and mining contractor, Murray and Roberts, is facing potential liquidation. This was after a creditor initiated legal proceedings in the Gauteng Division of the High Court, seeking a final or provisional winding-up order against the company. A move, Murray & Roberts said, it does not intend to oppose this application. This comes after a period of intense financial distress for the company, which had been undergoing a business rescue process. Thami Ngubeni spoke to the President of the Association of Mineworkers and Construction Union, Joseph Mathunjwa...
Malawi imposes a curfew on most filling stations to address fuel shortages and illegal sales
The Malawi Energy Regulatory Authority (MERA) has directed that most filling stations should operate between 6 am and 6 pm, to address fuel shortages and illegal sales to neighbouring countries. Most of the affected fuel stations have been listed and are along Malawi's borders with Mozambique, Zambia and Tanzania. This is the government awaiting a delivery of fuel under the Government-to-Government (G2G). Thami Ngubeni spoke to Channel Africa's Correspondent in Malawi, George Mhango and Transporters Association of Malawi (TAM) spokesperson, Frank Banda...
ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank
One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."
Batswana see a price jump on foodstuffs following the devaluation of the Pula
Over a month ago, the government of Botswana adjusted the value of the national currency, the Pula, in response to growing economic pressures. The currency devaluation came amid a slump in diamond export revenues, Botswana's primary source of foreign exchange. The global downturn in diamond sales has heightened pressure on the Pula, which the government had been supporting through reserves. At the time, the country's Minister of Finance, Ndaba Gaolathe, cautioned businesses not to exploit the currency adjustment to raise prices unnecessarily. Thami Ngubeni spoke to Channel Africa's Correspondent in Botswana, Shingirai Madondo...
Calls for TotalEnergies to be kicked out of Africa due to alleged environmental destruction and human rights abuses linked to its projects
A movement called "Kick Polluters Out" is hosting continent-wide week-long demonstrations to demand an end to what they call TotalEnergies' plunder and widespread destruction in Africa. The movement says it will use this week to challenge TotalEnergies on environmental destruction to human rights abuses, and greenwashing through sponsorships. Kick Polluters Out says even though in some countries TotalEnergies is not currently extracting any fossil fuels but its presence is being felt through media, sponsorships, and continental influence. Thami Ngubeni spoke to Zaki Mamdoo, who is the Coordinator for, East African Crude Oil Pipeline (EACOP) Campaign...
Business & Commercial Banking at Standard Bank key supporter of South African premium wine exports
Following the announcement of the 2025 Standard Bank Chenin Blanc Top Ten Challenge winners, Brendan Jacobs, Head of Agribusiness, Business & Commercial Banking at Standard Bank discusses the Bank's broader agribusiness strategy and commitment to South Africa's agricultural sector; Supporting premium wine exports and South Africa's position as global Chenin Blanc leader and Balancing commercial success with social responsibility in agricultural financing. Brendan Jacobs, Head of Agribusiness, Business & Commercial Banking at Standard Bank....
The latest business and financial markets developments
FNB Senior Economist, Siphamandla Mkhwanazi, discusses the inflation expectations, the upcoming SARB's Monetary Policy Committee (MPC) meeting, the US Fed expected rate decision and the latest property barometer.
South Africa's UniZulu hosts the 3rd International Conference on Earth and Environmental Sciences
South Africa's University of Zululand is currently hosting the third International Conference on Earth and Environmental Sciences in the KwaZulu-Natal province. The event, held in collaboration with China's Chang'an University, has drawn global experts to address pressing challenges facing the planet. Our reporter Lebogang Mabange has more.
Uganda sets its sights on overtaking Ghana as Africa's top gold producer
Uganda is looking at increasing its revenue through the Gold exports, this after the East African country launched its first large-scale gold mine, a 250 million US dollars Chinese-owned project that includes facilities to refine bullion to 99.9% purity. This is part of an effort by Kampala to expand its mining industry and establish itself as a major gold producer. According to the country's central bank data, last year Uganda raised 3-point -4 billion dollars from gold exports, about 37% of the country's total export revenue. Thami Ngubeni spoke to Sostine Namanya, East Africa Coordinator for the Right to Say NO efforts at WoMin
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