<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="433" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/V3GAS2DKHFO7PLO4JIKEEFCTKY-1.avif" alt="" class="wp-image-594606"/><figcaption class="wp-element-caption">The retired coal-fired Komati Power Station, operated by Eskom, is seen near Komati village, in the Mpumalanga province in South Africa, May 9, 2024. REUTERS/Siphiwe Sibeko/File Photo</figcaption></figure>



JOHANNESBURG, March 7 (Reuters)&nbsp;&#8211;&nbsp;South African power utility Eskom resumed scheduled power cuts on Friday and said they would last across the weekend, after outages at the country&#8217;s nuclear power station and one of its mammoth coal plants.



The loss of power from units at the Koeberg nuclear plant and Kusile coal station meant Eskom was 2,700 megawatts (MW) short of its generation capacity over the past 14 hours, the company said in a statement.



It will implement &#8220;Stage 3&#8221; outages, requiring up to 3,000 MW to be shed from the national grid, until Monday morning while it replenishes its emergency reserves.



&#8220;Eskom is focused on deploying extra engineering resources to expedite the repair of units currently offline,&#8221; it said in a statement, adding that it expected to return 6,200 MW of capacity to service by Monday evening&#8217;s peak in electricity demand.



Power cuts have been a regular feature of life in South Africa for more than a decade, with outages reaching record levels in 2023 when they occurred on more than 300 days in the year.



The power cuts stopped in March last year but have resumed intermittently since the end of January. Eskom said on Friday that the country was far from returning to the dark days of 2023.



&#8220;South Africa is in no way returning to the levels of loadshedding that we experienced in 2023,&#8221; said Bheki Nxumalo, Eskom&#8217;s group executive for generation, using a term for power outages.



The loadshedding stages Eskom implements are an incremental system where Stage 1 sees up to 1,000 MW of capacity cut from the grid and Stage 6 &#8211; with 6,000 MW cut &#8211; the highest level implemented to date.



South Africa&#8217;s electricity minister Kgosientsho Ramokgopa will brief reporters on Saturday on Eskom&#8217;s performance.



(Reporting by Tannur Anders; Editing by Alexander Winning and Hugh Lawson)

V3GAS2DKHFO7PLO4JIKEEFCTKY (1)

South African power cuts resume as key plants fail

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-820x547.jpg" alt="" class="wp-image-594554" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-1499013244-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">KYIV, UKRAINE &#8211; JUNE 16: Ukrainian President Volodymyr Zelensky (L) and South African President Cyril Ramaphosa (R) attend a joint press conference on June 16, 2023 in Kyiv, Ukraine. The delegation of African leaders led by South African President Cyril Ramaphosa and Senegalese President Macky Sall arrived in Kyiv on a peace mission. (Photo by Yan Dobronosov/Global Images Ukraine via Getty Images)</figcaption></figure>



JOHANNESBURG, March 7 (Reuters) &#8211; Ukraine&#8217;s President Volodymyr Zelenskiy will hold talks in South Africa with President Cyril Ramaphosa on April 10, Ramaphosa&#8217;s spokesman said on Friday, as the Ukrainian leader tries to shore up international support after the U.S. halted all military aid.



South Africa seeks to project itself as non-aligned on the Ukraine war but has good relations with Russia, with both countries belonging to the BRICS group of emerging economies &#8211; which also includes China, India, Brazil and others &#8211; that is trying to challenge the Western-dominated economic order.



South Africa has refused to condemn Russian President Vladimir Putin&#8217;s decision to invade Ukraine three years ago and has abstained from voting on U.N. resolutions on the war.



&#8220;The visit is a continuation of ongoing engagements held by President Ramaphosa with President Putin and President Zelenskiy on an inclusive &#8230; process that will provide a path to peace between Russia and Ukraine,&#8221; spokesman Vincent Magwenya told Reuters.



The U.S. ambassador to South Africa in 2023 accused the country of shipping arms to Russia in breach of its professed neutrality. An inquiry found no evidence that a Russian ship had collected weapons from a naval base near Cape Town.



Zelenskiy&#8217;s planned visit to South Africa comes at a pivotal moment in the war, following his public feud with Donald Trump in the White House last Friday and the U.S. president&#8217;s decision to halt Washington&#8217;s military aid to Kyiv.



Trump has stepped up efforts to end the war and also to improve U.S. relations with Russia, prompting European leaders on Thursday to back plans to spend more on defence and reaffirm their determination to stand by Ukraine.



(Reporting by Nellie Peyton; Writing by Tannur Anders; Editing by Alexander Winning and Gareth Jones)

Ukrainian President Zelensky Meets With African Leaders In Kyiv

Ukraine’s Zelenskiy to visit South Africa for talks in April

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1920" height="1005" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/PWU3K5SDE5N4XBOT5CAUJSIEMM.avif" alt="" class="wp-image-594536"/><figcaption class="wp-element-caption">Workers walk near a tugboat carrying coal barges at a port in Palembang, South Sumatra province, Indonesia, January 4, 2022, in this photo taken by Antara Foto. Antara Foto/Nova Wahyudi/ via REUTERS/File Photo</figcaption></figure>



(Reuters) &#8211; The United States is withdrawing from the Just Energy Transition Partnership, a collaboration between richer nations to help developing countries transition from coal to cleaner energy, the U.S. Treasury Department said on Thursday.



Reuters reported on the withdrawal on Wednesday, based on several sources in key participating countries.



Treasury Secretary Scott Bessent has withdrawn the U.S. from JETP agreements with South Africa, Indonesia and Vietnam, a department spokesperson said.



The move was consistent with an executive order President Donald Trump signed that said the U.S. had previously joined initiatives that &#8220;do not reflect our country&#8217;s values or our contributions to the pursuit of economic and environmental objectives,&#8221; the spokesperson said.



JETP, which consists of 10 donor nations, was first unveiled at the U.N. climate talks in Glasgow, Scotland in 2021.



South Africa, Indonesia, Vietnam and Senegal were subsequently announced as the first beneficiaries of loans, financial guarantees and grants to move away from coal.



Joanne Yawitch, head of the&nbsp;JETP&nbsp;Management Unit in South Africa, said on Wednesday that the United States had communicated its withdrawal from the plan there.



In Vietnam, two foreign officials with direct knowledge of the matter&nbsp;also said on Wednesday that&nbsp;Washington was withdrawing from JETP in the country.



Another source familiar with the matter said the U.S. had withdrawn from the JETP in Indonesia and South Africa.



&#8220;We have been informed by the U.S. of their withdrawal,&#8221; said another South Africa-based source in the donor group.



&#8220;There remains significant finance available, and the International Partners Group remains fully committed to supporting South Africa to deliver on its just energy transition through the partnership,&#8221; the person said.



Since Trump returned to office in January, Washington has slashed foreign aid and championed development of fossil fuels.



The sources declined to be named as they were not authorised to speak on the matter.



U.S. commitments for Indonesia and Vietnam exceeded $3 billion in total, mostly through commercial loans, while in South Africa the commitment was for $1.063 billion out of $11.6 billion pledged for the country.



(Reporting by Tim Cocks in Johannesburg, Francesco Guarascio in Hanoi, Fransiska Nangoy in Jakarta, additional reporting by Timothy Gardner in Washington; Writing by Sudarshan Varadhan; Editing by Tony Munroe, Sharon Singleton and Marguerita Choy)

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US withdraws from plan to help major global polluters move from coal

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-820x547.jpeg" alt="" class="wp-image-594202" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-820x547.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-300x200.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-135x90.jpeg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-768x512.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-1536x1024.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q-scaled.jpeg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Traders across the globe are monitoring updates to U.S. President Donald Trump’s trade policy. Spencer Platt | Getty Images</figcaption></figure>



Government borrowing costs rose across the globe on Thursday, with German bonds resuming the sell-off that sparked the biggest daily jump in yields since the country’s reunification 35 years ago.



Bond prices and yields move in opposite directions, meaning that yields tick higher when the value of the asset declines.



Yields on German government bonds — known as bunds — skyrocketed on Wednesday, with the yield on the 10-year debt instruments adding around 30 basis points. The sell-off came after lawmakers from parties widely expected to form Germany’s next coalition government agreed to plans to reform historic debt policy rules to allow an increase in national defense spending.  



German government borrowing costs continued to rise on Thursday across the board. The yield on the 10-year bund, seen as a benchmark for the wider euro zone, was 7 basis points higher at 12:28 p.m. London time, paring earlier highs. The yields on 5- and 20-year bunds were up by 4 basis points and 6 basis points, respectively. Simultaneously, the DAX index — home to Germany’s biggest companies — touched on a record high.



Deutsche Bank Research Strategist Jim Reid said in a note to clients on Thursday morning that Germany’s political gear shift had helped fuel a greater appetite for riskier assets in Europe.



“In terms of reactions, the rise in the 10-year bund yield was the biggest daily jump since German reunification in 1990,” he said, noting that the euro and Germany’s DAX index had jumped in the wake of the news. “There’s no doubt that markets are pricing in a once-in-a-generation policy regime shift, which has brought about a huge risk-on move for European assets.”



“In terms of the drivers behind the sell-off, anticipation of a fiscal boost to demand was front and center as evidenced both by the outperformance of German stocks and the rise in inflation expectations,” analysts at RaboBank said in a note out on Thursday morning, pointing to 10-year euro zone inflation swaps jumping by 14 basis points in the wake of political news out of Germany.



Dampened appetite to lend to governments was seen across Europe on Thursday, with yields edging higher on bonds across the region.



The upward move in European borrowing costs also come ahead of the latest monetary policy update from the European Central Bank. Markets are anticipating a quarter-point rate cut when the central bank announces its decision later on Thursday, which would bring the euro zone’s core interest rate down to 2.5%.



Italian 10-year bond yields jumped 8 basis points by 12:29 p.m. in London, while French 10-year bond yields were up 7 basis points, and Swiss 10-year yields jumped by around 5 basis points during early afternoon trade.



The yield on U.K. 10-year government bonds – known as gilts – was up by around 6 basis points. Earlier this year, U.K. government borrowing costs hit multi-decade highs amid rising economic uncertainty.



Further afield, the bond sell-off extended into Japanese markets, with the yield on Japan’s 10-year government bonds gaining 7 basis points during Thursday trading hours.



Naeem Aslam, chief investment officer at London’s Zaye Capital Markets, told CNBC that traders should monitor bond yields in Japan, some of which came near 16-year highs on Thursday.



“Watch Japan’s rising yields despite capped rates — [they] could signal broader market tension,” he said in emailed comments.



In the U.S., the yield on the benchmark 10-year Treasury was last seen trading 4 basis points higher at around 4.311%.



Marc Ostwald, chief economist and global strategist at ADM Investor Services, told CNBC on Thursday that he saw two main drivers behind the global bonds sell-off.



“One is the fear that&nbsp;<a href="https://www.cnbc.com/2025/03/05/trump-tariffs-live-updates-china-says-its-ready-to-fight-any-type-of-war-us-wants-till-the-end.html">Trump’s tariff wars</a>&nbsp;will be inflationary,” he said in emailed comments.



He added that the ″‘whatever it takes’ 2.0″ approach to European defense of Friedrich Merz, who is likely to become Germany’s next chancellor, was also piling pressure on bond prices.



″[This], which along with EU commitment to ramp up defence spending by [around] 800 billion euros ($864 billion), implying a big increase in government borrowing, [comes] at a time where debt loads outside of Germany are at record levels, Ostwald said.



Ralf Preusser, global head of G10 rates and FX strategy at Bank of America Global Research, told by email on Thursday that markets were struggling with three areas of uncertainty globally: tariffs, geopolitics and U.S. fiscal policy.



“While the details of all of these matter, for now the uncertainty shock dominates, in a way the rates market is finding difficult to price,” he said. “The Fed may struggle to deliver quick cuts given inflation risks, Europe is no longer funding the U.S. fiscal expansion, but its own, [and] tariffs and geopolitics are still more damaging for the rest of the world than the U.S.”



In Europe specifically, Preusser said Germany’s new political footing was challenging Bank of America’s outlook.



“Germany is delivering a paradigm shift in its fiscal stance,” he said. “We believe 10y bund [yields] could reach 2.75% in response. This considerable departure from our base case is not the only challenge to our assumptions for 2025: the correction in U.S. equity markets and the rally in front-end U.S. rates suggest we may need to rethink the risks around our forecasts more broadly.”



Emmanouil Karimalis, rates strategist at UBS Investment Bank, also said that the market had “clearly” responded to Germany’s proposed fiscal reforms, as well as the EU’s ReArm Europe plan.



&nbsp;“These plans suggest a significant increase in issuance patterns due to the urgent need to boost defence spending in Europe,” he said in emailed comments on Thursday. “Consequently, investors demand higher premia to absorb the expected increase in supply. While there are also implications for growth and inflation, we believe that the fiscal news and supply considerations have dominated this week.”

108111301-1741188979477-gettyimages-2203436333-markets595936_cby69c3q

Global bonds sell off as investors react to Trump’s tariffs and a German ‘paradigm shift’

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3334" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/7PQPUDNLRFNEHOE2URISJZW7ZY.avif" alt="" class="wp-image-584693"/><figcaption class="wp-element-caption">A view of the Mild Hydrocracking Unit (MHC) at the Dangote Petroleum Refinery in Lagos, Nigeria, July 20, 2024. REUTERS/Marvellous Durowaiye/File Photo</figcaption></figure>



CAPE TOWN, March 6 (Reuters) &#8211; Canada&#8217;s Africa Oil Corporation will double its Nigerian output and the size of its reserves there once it completes its deal for full ownership of Prime Oil next Tuesday, a senior company executive said.



Africa Oil will increase to full ownership its shareholding in Dutch entity Prime Oil &amp; Gas Coöperatief, whose main assets include indirect stakes in deep-water producing Nigerian fields operated by TotalEnergies and Chevron.



&#8220;On closing of that deal we will significantly change the scale of our business, we will double production, we double reserves and significantly boost our liquidity position,&#8221; Oliver Quinn, chief commercial officer at Africa Oil told Reuters.



Once the deal is complete, Africa Oil expects to produce around 35,000 barrels per day, he said.



&#8220;They are very significant value barrels because they have very low lifting cost of under $10, so the margin on the barrels is high and typically sell at premium to Brent,&#8221; said Quinn.



With its partners, Africa Oil said an infill drilling campaign was planned this year to maintain output in mid-life fields.



Besides Equatorial Guinea and Nigeria, the company is also present in Namibia&#8217;s prolific Orange Basin via a 40% stake in Impact Oil and Gas with exposure to the Venus discovery.



Operator TotalEnergies expects to take a final investment decision in 2026 and propel Namibia to becoming an oil exporter at the turn of the decade.



&#8220;Our focus is to add to the cash generation machine, which runs through the decade while on the backend Namibia Venus comes onstream and then we have significant growth in that asset,&#8221; Quinn said.



(Reporting by Wendell Roelf; Editing by Christian Schmollinger)

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Africa Oil Corp bullish on Nigeria growth, Namibia long game

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="478" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/WAJGL7OAY5JL5DAZF2BSHHX5HM.avif" alt="" class="wp-image-594117"/><figcaption class="wp-element-caption">The logos of companies Rand Merchant Bank, FNB, and Wesbank are seen outside the FirstRand offices in Cape Town, South Africa, March 11, 2019. Picture taken March 11, 2019. REUTERS/Mike Hutchings/File Photo</figcaption></figure>



JOHANNESBURG, March 6 (Reuters)&nbsp;&#8211;&nbsp;South Africa&#8217;s FirstRand Ltd&nbsp;FSRJ.J&nbsp;on Thursday posted a 10% rise in first-half earnings, helped by&nbsp;topline growth and&nbsp;stronger overall credit performance.



Its normalised earnings rose to 20.9 billion rand ($1.14 billion) in the six months ending Dec. 31, from 19.1 billion rand a year earlier, the bank said.



FirstRand, which also operates across certain markets in sub-Saharan Africa and the UK, declared an interim dividend of 219 cents per share, up from 200 cents a year earlier.



The group, whose businesses include FNB, RMB&lt;RMHJ.J&gt;&nbsp;WesBank and Aldermore, said the stronger credit performance was driven by retail credit in South Africa trending ahead of expectations and a much stronger credit outcome in the UK operations.



As a result, the group&#8217;s credit loss ratio &#8211; a measure of bad loans as a percentage of total loans &#8211; at 84 basis points is ahead of FirstRand&#8217;s initial through-the-cycle (TTC) expectations, the lender said.



Net income after cost of capital (NIACC) increased 12% to 6.2 billion rand, while overall group net interest income &#8211; which represents the difference between earnings from loans and what banks pay on deposits &#8211; increased 4%, driven by core lending advances growth of 7% and continued deposit growth of 8%.



($1 = 18.3016 rand)



(Reporting by Nqobile Dludla; Editing by Himani Sarkar and Kim Coghill)

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South African lender FirstRand posts 10% rise in earnings

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3496" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/CR5EVVJ5Y5PO3E7GJQQP4SZ5Y4.avif" alt="" class="wp-image-593310"/><figcaption class="wp-element-caption">A MultiChoice logo is displayed outside the company&#8217;s building in Cape Town, South Africa February 2, 2024. REUTERS/Esa Alexander/File Photo</figcaption></figure>



LAGOS, Nigeria, (Reuters) &#8211; Nigeria&#8217;s competition commission is suing the local unit of MultiChoice Nigeria Limited, Africa&#8217;s biggest pay television company, and its chief executive, John Ugbe, for violating regulatory directives, the watchdog said on Wednesday.



The Federal Competition and Consumer Protection Commission (FCCPC) asked MultiChoice Nigeria last month to maintain its pricing structure for its pay-TV business DSTV and GOtv pending the conclusion of a review of its proposed price hike.



Despite the directive, the company proceeded with its price increase on March 1, 2025, in clear defiance of the commission&#8217;s directive, the FCCPC said.



&#8220;Following this blatant disregard for regulatory oversight, the FCCPC has filed charges against MultiChoice Nigeria and John Ugbe at the Federal High Court, Lagos Judicial Division, on three counts of offences &#8230; for willfully obstructing the commission&#8217;s inquiry by implementing a price hike contrary to directives,&#8221; the competition agency said in a post on X.



MultiChoice Nigeria could not be reached immediately for comment.



MultiChoice Group last year reached a settlement with Nigerian tax authorities for its local subsidiary and agreed to pay a total tax amount of about $37.3 million.



(Reporting by MacDonald Dzirutwe; Writing by Chijioke Ohuocha; Editing by Leslie Adler)

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Nigerian competition agency sues MultiChoice over price hike

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="459" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/YK72C2WODVPBPECF4NHZO2VGNE.avif" alt="" class="wp-image-593877"/><figcaption class="wp-element-caption">A general view of a village outside the capital Maseru, Lesotho June 3, 2017. REUTERS/Siphiwe Sibeko/File Photo</figcaption></figure>



JOHANNESBURG, March 5 (Reuters)&nbsp;&#8211;&nbsp;Lesotho&#8217;s foreign minister said on Wednesday he was shocked and insulted by U.S. President Donald Trump saying nobody has heard of the African country, and invited him to come visit.



Trump mentioned Lesotho in his address to U.S. Congress on Tuesday evening while listing some of the foreign spending he had cut as &#8220;appalling waste&#8221;.



&#8220;Eight million dollars to promote LGBTQI+ in the African nation of Lesotho, which nobody has ever heard of,&#8221; Trump said, drawing laughs in the Congress.



Lesotho&#8217;s foreign minister, Lejone Mpotjoane, said the remark was &#8220;quite insulting&#8221;.



&#8220;I&#8217;m really shocked that my country can be referred to like that by the head of state,&#8221; he told Reuters.



Lesotho, a mountainous nation of about 2 million people which is encircled by South Africa, has the highest average altitude of any country and is sometimes called The Kingdom in the Sky.



&#8220;Lesotho is such a significant and unique country in the whole world. I would be happy to invite the president, as well as the rest of the world to come to Lesotho,&#8221; said Mpotjoane.



He said some civil society organisations funded by the U.S. Embassy in Lesotho did work to support the LGBT+ community, but the United States also provided important funding for the country&#8217;s health and agriculture sectors.



Trump&#8217;s administration has cut billions of dollars in foreign aid worldwide as it seeks to align spending with Trump&#8217;s &#8220;America First&#8221; policy.



Mpotjoane said Lesotho was feeling the impact as the health sector had been reliant on that aid for some time, but that the government was looking at how to become more self-sufficient.



&#8220;The decision by the president to cut the aid&#8230; it is (his) prerogative to do that,&#8221; said Mpotjoane. &#8220;We have to accept that. But to refer to my country like that, it is quite unfortunate.&#8221;



(Reporting by Nellie Peyton)

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Lesotho insulted after Trump says nobody has heard of the country

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="477" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DVQKLY4YJJK5PKHGOPTI6H2OBA.avif" alt="" class="wp-image-593829"/><figcaption class="wp-element-caption">South Sudan&#8217;s Vice President Riek Machar is seen at the opening session of parliament in Juba, South Sudan August 30, 2021. REUTERS/Jok Solomun/File Photo</figcaption></figure>



NAIROBI, March 5 (Reuters)&nbsp;&#8211;&nbsp;South Sudanese forces have arrested the petroleum minister and several senior military officials allied with First Vice President Riek Machar, Machar&#8217;s spokesperson said on Wednesday, jeopardising a peace deal that ended a five-year civil war.



The arrests follow intense fighting in recent weeks in the strategic northern town of Nasir between national forces and the White Army militia, a loosely-organized group mostly comprising armed Nuer, Machar&#8217;s ethnic group.



The White Army fought alongside Machar&#8217;s forces in the 2013-2018 civil war that pitted them against predominantly ethnic Dinka troops loyal to President Salva Kiir.



Petroleum Minister Puot Kang Chol, who hails from Nasir, and the deputy head of the army Gabriel Doup Lam were arrested, while all other senior military officials allied with Machar were placed under house arrest, said Machar&#8217;s spokesperson, Puok Both Baluang.



&#8220;As of now, there&#8217;s not any reason provided to us that led to the arrest or the detention of (these) officials,&#8221; Baluang told Reuters.



South Sudanese troops were also deployed around Machar&#8217;s residence, although he had been able to travel to his office on Wednesday morning, Baluang said.



In the government&#8217;s first comments since the arrests, Information Minister Michael Makuei accused forces loyal to Machar of collaborating with the White Army and attacking a military garrison near Nasir town on Tuesday.



Makuei did not comment on the detentions, but said Kiir had vowed that the country would not go back to war.



&#8220;The government is in the process of addressing this situation and people should not panic or listen to unfounded and unrealistic wild rumours that are being spread by enemies of peace and stability,&#8221; Makuei said in a statement.



BRINK OF WAR



South Sudan&#8217;s civil war, which erupted just two years after the country gained independence from Sudan, killed an estimated 400,000 people, drove 2.5 million from their homes and left almost half the nation&#8217;s 11 million citizens struggling to find enough food.



A peace deal struck in 2018 has mostly avoided outright fighting between Kiir and Machar&#8217;s forces, though localized violence routinely flares up.



Daniel Akech Thiong, senior analyst on South Sudan at the International Crisis Group, said the oil-rich country appeared to be on the brink of war, fuelled by increased access to weapons due to the conflict in neighbouring Sudan.



&#8220;The fragile peace that has maintained a delicate balance among competing armed leaders since 2018 is at risk of collapsing,&#8221; he said.



The war in Sudan has also disrupted South Sudan&#8217;s oil exports, which represented 90% of its foreign exchange earnings.



Last week, the African Union and United Nations peacekeeping mission in South Sudan called for de-escalation in Nasir&#8217;s Upper Nile State and warned about the potential for &#8220;widespread violence&#8221;.



Ter Manyang, head of the Juba-based Center for Peace and Advocacy, linked the arrests to the fighting in Nasir and said he feared for the future.



&#8220;The country is likely to slide to war unless the situation is managed by the top leadership of the country,&#8221; he said.



(Writing by George Obulutsa and Hereward Holland; Editing by Ammu Kannampilly, Aaron Ross, Gerry Doyle, Peter Graff, Aidan Lewis)

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South Sudan detains oil minister and military officials, VP’s office says

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="480" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/INAPBQZQGJPG5GDPQMQDC6PZIU.avif" alt="" class="wp-image-593780"/><figcaption class="wp-element-caption">A woman street vendor carries water for sale in Kanda neighbourhood of Accra, Ghana November 27, 2018. REUTERS/Zohra Bensemra/File Photo</figcaption></figure>



ACCRA, March 5 (Reuters)&nbsp;&#8211;&nbsp;Ghana&#8217;s consumer inflation rate&nbsp;GHCPIY=ECI&nbsp;slowed for the second month in a row in February, to an annual 23.1% from 23.5% in January, the statistics service said on Wednesday.



Government statistician Samuel Kobina Annim told a news conference that the latest decline was due to both food and non-food price rises easing.



&#8220;In the last four months, you&#8217;ve seen consistent decline in food inflation on a month on month basis, declining by 2.0 percentage points between November 2024 and February 2025,&#8221; Annim said.



Nevertheless, the annual inflation rate in February was the third-highest in the last 10 months, he added.



The West African country is emerging from its deepest economic crisis in a generation, with turmoil in the vital cocoa and gold industries.



Its inflation remains well above Bank of Ghana&#8217;s 8% target with a margin of error of 2 percentage points either side.



The central bank said in January that it would take longer for inflation to return to within the 6%-10% range.



(Reporting by Christian Akorlie; Writing by Anait Miridzhanian; Editing by Bate Felix and Hugh Lawson)

INAPBQZQGJPG5GDPQMQDC6PZIU

Ghana consumer inflation slows for second month in February

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="448" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/JJTN6U4RXVOGBC6M5G6ATJZLDY.avif" alt="" class="wp-image-593733"/><figcaption class="wp-element-caption">A shopper walks to a Woolworths store in Johannesburg, South Africa, March 2, 2022. REUTERS/Siphiwe Sibeko/File Photo</figcaption></figure>



JOHANNESBURG, March 5 (Reuters) &#8211; South African retailer Woolworths Holdings WHLJ.J reported a 24.8% fall in first-half profit on Wednesday and said it will reassess the value of the assets of underperforming brands in its Australian fashion business.



In Australia, high interest rates and elevated living costs continue to weigh on consumer discretionary spending, resulting in more in-store promotions and significantly reduced profitability at a sector level, Woolworths said.



As a result, during the second half of its financial year, Woolworths will reassess the carrying value of the assets of its underperforming brands within the Country Road Group.



&#8220;The macroeconomic environment has been extremely challenging for retailers and brands all round and one has to take a view on how that might change, when will that start to improve and what will that do to your brands and their relative performance,&#8221; CEO Roy Bagattini told Reuters.



The retailer said&nbsp;sales in Country Road declined by 6.2% in the 26 weeks ended December 29, 2024, while adjusted operating profit decreased by 71.7% to 14.2 million Australian dollars ($8.91 million).



Its&nbsp;headline earnings per share fell to 152.8 South African cents.



Group adjusted earnings before interest and tax declined by 13.7% to R2.8 billion ($151.62 million), hit by softer-than-expected topline growth in its clothing businesses, coupled with pressure on gross profit margins and increased operating expenditure.



Group turnover and concession sales rose by 5.7% to 40.3 billion rand, buoyed by the food business, which delivered sales growth of 11.4%.



Fashion, beauty and home sales in South Africa rose by 2.5%,&nbsp;held back in part by temporary delays in product flow arising from late supplier deliveries, as well as processes and system changes in its distribution centre.



Bagattini told Reuters that the retailer is well stocked for the winter season and the stock flow disruptions are behind it.



($1 = 18.4675 rand)



($1 = 1.5941 Australian dollars)



(Reporting by Nqobile Dludla; Editing by Tom Hogue, Subhranshu Sahu and Sharon Singleton)

JJTN6U4RXVOGBC6M5G6ATJZLDY

S.Africa’s Woolworths profit slumps, to reassess value of Australian brands

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="553" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-820x553.jpeg" alt="" class="wp-image-593453" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-820x553.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-300x202.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-133x90.jpeg 133w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-768x518.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-1536x1036.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa-scaled.jpeg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Mexican President Claudia Sheinbaum speaks after reading a letter to be sent to U.S. President-elect Donald Trump, warning that tariffs would cause inflation and job losses in both countries, at National Palace in Mexico City, Mexico, November 26, 2024.  Presidencia De Mexico | Via Reuters</figcaption></figure>



President Donald Trump went forward with sweeping&nbsp;tariffs&nbsp;at midnight on goods imported from&nbsp;Canada&nbsp;and&nbsp;Mexico, while doubling down on punitive duties on China.



Just now Mexico’s president said retaliatory tariffs are coming Sunday.



Starting Tuesday, 25% tariffs on two U.S. neighbors — Canada and Mexico — went into effect. The president also imposed an additional 10% tariff on Chinese imports, doubling the 10% duty he had slapped on Beijing in early February.



Economists have warned that the president’s aggressive moves could cause negative consequences globally, including triggering inflation that could hurt consumers. The stock market suffered a dramatic sell-off after Trump’s announcement. The S&amp;P 500 dropped 1.8%, its worst day since December, falling into negative territory for the year. Futures were under pressure yet again Tuesday.

108068402-17326458972024-11-26t182452z_1141394992_rc2vcba0jnfu_rtrmadp_0_mexico-usa

Mexico president says retaliatory tariffs coming Sunday

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="461" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-820x461.jpeg" alt="" class="wp-image-593435" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-820x461.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-768x432.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535-1536x864.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/108109641-1740979749112-gettyimages-2196266016-2L7A1535.jpeg 1600w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">The new Bitcoin token is photographed on U.S. $100 bills. Sopa Images | Lightrocket | Getty Images</figcaption></figure>



The price of bitcoin failed to recover the $85,000 level – where it traded before President Donald Trump’s announcement of a U.S. crypto reserve sent it soaring – after a sell-off driven by tariff concerns knocked it down.



Bitcoin was last lower by 2% on Tuesday at $83,508.78, according to Coin Metrics, and off its all-time high by 23%.



Ripple-related XRP and Cardano’s ADA, two of the smaller cap coins mentioned in Trump’s surprise announcement, were still holding onto some of their gains from the rally. Solana’s SOL token also fully reversed its gain.



Shares of Coinbase, Robinhood and Strategy, formerly known as MicroStrategy, were all lower in premarket trading.



Risk assets including cryptocurrencies suffered steep declines on Monday as traders grappled with concerns that proposed tariffs were on track to take effect. That overshadowed the exuberance around Trump’s so named U.S. “strategic crypto reserve,” which some traders had hoped would pull bitcoin out of a slump. After reaching its record in January, it posted its worst month since 2022 in February.



Investors and analysts warn that economic uncertainty could keep its hold on bitcoin throughout March, with the crypto industry absent a specific catalyst. With the idea of a U.S. reserve holding crypto largely priced in, regulatory clarity through clear legislation may be the more likely catalyst to jump start prices in a meaningful way.



“The lack of information on the amount of crypto the U.S. government will buy, and how the purchase will be funded, coupled with fears of a market retreat if expectation does not meet reality, means that the likelihood of high volatility in the crypto markets will continue,” said Deutsche Bank analyst Marion Laboure said in a note Tuesday.



Investors this week will keep an eye on the inaugural White House Crypto Summit, which is scheduled to take place this Friday, for updates on the details of the reserve, as well as the administration’s plans to support the industry.



—CNBC’s Michael Bloom contributed reporting

108109641-1740979749112-gettyimages-2196266016-2L7A1535

Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="532" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-820x532.jpg" alt="" class="wp-image-593351" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-820x532.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-300x195.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-139x90.jpg 139w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-768x498.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-1536x996.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/7AXPYAKRBVJKHFPWCACV7Q7POU-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A worker gestures in front of steel bars at a Highveld Steel plant in Middleburg, South Africa June 6, 2017. REUTERS/Siphiwe Sibeko</figcaption></figure>



PRETORIA, March 4 (Reuters) &#8211; South Africa&#8217;s economy returned to modest growth in the fourth quarter of last year, helped by a recovery in agricultural output after the sector triggered a contraction in the previous quarter.



But the 0.6% gross domestic product (GDP) expansion in seasonally-adjusted, quarter-on-quarter terms was smaller than the 0.9% predicted by economists, as only three of the 10 industries tracked by Statistics South Africa grew.



&#8220;While growth is positive, South Africa&#8217;s economic recovery remains fragile with sectoral performances mixed,&#8221; said Shaun Murison, senior market analyst at IG.



Agriculture expanded 17.2% in the fourth quarter on the back of increased activity in field crops and animal products.



&#8220;Agriculture is always a wildcard, heavily influenced by increasingly erratic and extreme weather events,&#8221; said Nicky Weimar, chief economist at Nedbank.



Trade grew 1.4% and finance 1.1% in the last three months of 2024.



However, manufacturing shrank 0.6%, mining dropped 0.2% and construction fell 0.4%.



Fourth-quarter GDP grew 0.9% on a year-on-year basis, while for 2024 as a whole it rose 0.6%.



Bokang Vumbukani-Lepolesa, chief director for national accounts at Stats SA, said withdrawals under last year&#8217;s &#8220;two-pot&#8221; pension reform had lifted household spending towards the end of the year.



Economists predict the economy will accelerate modestly in 2025, boosted by stronger consumer confidence and a recovery in real household incomes thanks to low inflation and falling interest rates.



But despite improved power availability in the past year and optimism that the ruling coalition government will seek to push through growth-enhancing reforms, the operating environment is expected to remain challenging for many businesses.



The statistics agency revised down its estimate of the third-quarter contraction to 0.1%.



(Reporting by Kopano Gumbi; Additional reporting by Tannur Anders and Sfundo Parakozov; Editing by Alexander Winning and Sharon Singleton)

A worker gestures in front of steel bars at a Highveld Steel plant, which has a manufacturing agreement with ArcelorMittal steel company, in Middleburg

South Africa sees modest Q4 growth on recovery in agriculture

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3496" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/CR5EVVJ5Y5PO3E7GJQQP4SZ5Y4.avif" alt="" class="wp-image-593310"/><figcaption class="wp-element-caption">A MultiChoice logo is displayed outside the company&#8217;s building in Cape Town, South Africa February 2, 2024. REUTERS/Esa Alexander/File Photo</figcaption></figure>



March 4 (Reuters) &#8211; Canal+ has extended the deadline for its takeover of South Africa&#8217;s pay TV broadcaster MultiChoice by six months to give regulators more time to clear the deal, the French group said on Tuesday as it forecast a drop in revenue this year.



If completed, the acquisition would be transformative for Canal+ as part of its expansion strategy in Africa, particularly in English-speaking regions, following its split from Vivendi in December.



However, the broadcaster&#8217;s shares have declined by 40% since its mid-December market debut in London.



The process to get clearances for the merger will not be completed by the initial deadline of April 8, 2025, the company said, prompting the decision to extend the process to October 8.



&#8220;The timing of this transaction is critical and we will continue working tirelessly to ensure finalisation within this timeframe,&#8221; Canal+&#8217;s CEO Maxime Saada said in a joint statement on the extension issued by Canal+ and MultiChoice.



<h2 class="wp-block-heading" id="h-cautious-outlook-but-earnings-upbeat">CAUTIOUS OUTLOOK BUT EARNINGS UPBEAT</h2>



Canal+ expects organic growth in revenue this year but this will be &#8220;slightly more than offset&#8221; by a negative impact from the recent end of broadcasting of its free to air channel C8 in France and the termination of third-party contracts, including one with Disney.



It sees moderate growth in the following years, not including any impact from the MultiChoice acquisition.



On Tuesday, the Paris-based broadcaster reported a 2.3% rise in revenue in 2024 to 6.4 billion euros ($6.7 billion) and 4.2% growth in adjusted earnings before interest and taxes (EBIT) to 503 million euros.



Canal+&#8217;s shares edged up 0.6% by 0832 GMT.



Founded in 1984 as a subscription-TV channel in France, Canal+ is transitioning into a global content platform, aiming to quintuple its subscribers to 100 million.



The company attributes 80% of its revenue to subscription fees, with cinema &#8211; via its Studiocanal unit behind the Paddington film series &#8211; driving subscriber engagement.



Canal+ racked up 26.93 million total subscribers in 2024, of which 17.24 million in Europe and 9.69 million in Africa and Asia.



The company is prioritising direct-to-consumer subscribers, who account for 19.9 million of its total subscriber base, compared to 7 million from wholesale channels.



($1 = 0.9537 euros)



(Reporting by Leo Marchandon and Gianluca Lo Nostro in Gdansk, Florence Loèeve in Paris and Paul Sandle in London; Editing by Varun H K, Emelia Sithole-Matarise and Susan Fenton)

Canal+ extends deadline for MultiChoice takeover, sees no revenue growth in 2025

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3150" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/S6HQ7VEU4ROAHDG56OUF4DYLEI-1.avif" alt="" class="wp-image-593292"/><figcaption class="wp-element-caption">A general view shows a street in Kigali, Rwanda, April 26, 2024. REUTERS/Jean Bizimana/File Photo </figcaption></figure>



March 4 (Reuters)&nbsp;&#8211;&nbsp;Rwanda said on Tuesday that Canada&#8217;s position on the conflict in eastern Democratic Republic of Congo was &#8220;shameful&#8221;, adding that measures announced by Ottawa against Kigali would not solve the conflict.



Late on Monday, Canada announced it had suspended the issuance of permits for the export of controlled goods and technologies to Rwanda, as well as suspending pursuing new government-to-government business and trade missions with Rwanda, and support to private-sector business development activities.



It also said it would review Canadian government participation at international events hosted by Rwanda in the future.



Canada joins the European Union and the United Kingdom that have also announced plans to suspend bilateral aid to Rwanda. The U.S. also announced sanctions against James Kabarebe, a Rwandan state minister for foreign affairs.



The Tutsi-led M23 rebel group entered the city of Goma at the end of January and have since made an unprecedented advance into eastern Congo, capturing territory and getting access to valuable minerals.



Their ongoing onslaught, which started in late December, is already the gravest escalation of a long-running conflict rooted in the spillover into Congo of Rwanda&#8217;s 1994 genocide and the struggle for control of Congo&#8217;s vast mineral resources.



Congo, U.N. experts and Western powers accuse Rwanda of backing the group.



Rwanda denies this and says it is defending itself against ethnic Hutu-led militias bent on slaughtering Tutsis in Congo and threatening Rwanda.



On Monday, Canada&#8217;s Foreign Affairs, International Development; and Export Promotion, International Trade and Economic Development ministers repeated the accusations against Rwanda while announcing the suspensions.



(Reporting by George Obulutsa in Nairobi; Editing by Ammu Kannampilly and Lincoln Feast.)

S6HQ7VEU4ROAHDG56OUF4DYLEI (1)

Rwanda says Canada export permit, business suspension over Congo war ‘shameful’

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1080" height="604" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4DD3KSJUWZJVRLWSLRI4HQBDVE.avif" alt="" class="wp-image-593025"/><figcaption class="wp-element-caption">A logo of the World Food Program is seen at their headquarters after the WFP won the 2020 Nobel Peace Prize, in Rome, Italy October 9, 2020. REUTERS/Remo Casilli/File Photo</figcaption></figure>



JOHANNESBURG, March 3 (Reuters)&nbsp;&#8211;&nbsp;The United Nations&#8217; World Food Programme, which gets much of its funding from the United States, is closing its southern African bureau, a&nbsp;communications officer&nbsp;said on Monday.



The&nbsp;WFP&#8217;s decision&nbsp;was communicated to staff around the world in an email on Friday from Global Executive Director Cindy McCain.&nbsp;The email said, &#8220;We have reached the difficult decision to close WFP&#8217;s regional bureau for southern Africa in Johannesburg,&#8221;according to Bloomberg News.



A WFP communications officer in Johannesburg told Reuters in a text message, &#8220;Yes the bureau is closing,&#8221; but did not respond to questions about why, or whether this was related to sweeping U.S. foreign aid cutsordered by President Donald Trump.



Southern Africa is still reeling from its worst drought in years, which caused countries including Malawi, Zambia, Zimbabwe, and Namibia to declare a national disaster.



WFP has been providing food and cash assistance to those affected and was aiming to reach more than 7.2 million people by this month, it said on its website.



(Reporting by Nellie Peyton in Johannesburg, Rishabh Jaiswal in Bengaluru; editing by Hugh Lawson and Mark Heinrich)

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South African power cuts resume as key plants fail

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South Sudan detains oil minister and military officials, VP’s office says

Ghana consumer inflation slows for second month in February

S.Africa’s Woolworths profit slumps, to reassess value of Australian brands

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Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement

South Africa sees modest Q4 growth on recovery in agriculture

Canal+ extends deadline for MultiChoice takeover, sees no revenue growth in 2025

Rwanda says Canada export permit, business suspension over Congo war ‘shameful’

UN’s food agency WFP closes southern African bureau

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featured

South African power cuts resume as key plants fail

Ukraine’s Zelenskiy to visit South Africa for talks in April

US withdraws from plan to help major global polluters move from coal

Global bonds sell off as investors react to Trump’s tariffs and a German ‘paradigm shift’

Africa Oil Corp bullish on Nigeria growth, Namibia long game

South African lender FirstRand posts 10% rise in earnings

Nigerian competition agency sues MultiChoice over price hike

Lesotho insulted after Trump says nobody has heard of the country

South Sudan detains oil minister and military officials, VP’s office says

Ghana consumer inflation slows for second month in February

S.Africa’s Woolworths profit slumps, to reassess value of Australian brands

Mexico president says retaliatory tariffs coming Sunday

Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement

South Africa sees modest Q4 growth on recovery in agriculture

Canal+ extends deadline for MultiChoice takeover, sees no revenue growth in 2025

Rwanda says Canada export permit, business suspension over Congo war ‘shameful’

UN’s food agency WFP closes southern African bureau

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