<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="562" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-820x562.jpg" alt="" class="wp-image-489318" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-820x562.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-300x206.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-131x90.jpg 131w, https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-768x526.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-1536x1052.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/05/77VC4ZKBPBPJFFYBYJIHNWEQ6I-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: Customers push trolleys as they shop at a Pick n Pay store at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe Sibeko/File Photo</figcaption></figure>



JOHANNESBURG, Aug 29 (Reuters) &#8211; South African grocery retailer Pick n Pay said on Thursday that proceeds from listing its discount grocery chain Boxer could total 8 billion rand ($450 million), according to its preliminary estimate.



Chief Executive Sean Summers is tasked with reviving through a turnaround and two-step recapitalisation plan a retail business that has been losing market share to bigger rivals Shoprite and others for more than a decade.



A deterioration in the performance of the group&#8217;s core Pick n Pay supermarket business resulted in a substantial trading loss in the Pick n Pay division of 1.5 billion rand in its financial year that ended Feb. 25, and an overall loss at group level of 3.2 billion rand.



At the same time its net debt escalated.



In order to lower its debt and strengthen the underlying performance of its Pick n Pay Supermarkets business, the group recently raised 4 billion rand through a rights issue and will now begin the process of listing Boxer towards the end of 2024, subject to shareholder and final board approval.



Details of the number of shares in issue, price and target amount will be shared closer to the time, but &#8220;for illustrative purposes only, the share issue will generate 8 billion rand in proceeds,&#8221; the retailer said in a statement.



&#8220;The Boxer IPO (initial public offering) will also ensure that Boxer is accorded a market value that appropriately reflects its growth trajectory and return on invested capital, thereby unlocking shareholder value embedded in the Group,&#8221;&nbsp;Pick n Pay said.



($1 = 17.7700 rand)



(Reporting by Nqobile Dludla; Editing by Susan Fenton)

FILE PHOTO: Pick n Pay sales grow but warns on extra costs from power cuts

South African grocer Pick n Pay says its Boxer IPO could raise $450 mln

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/05/Stock-value-rising-and-falling-820x547.jpg" alt="" class="wp-image-404443" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/05/Stock-value-rising-and-falling-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2021/05/Stock-value-rising-and-falling-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/05/Stock-value-rising-and-falling-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2021/05/Stock-value-rising-and-falling.jpg 1254w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Macro view of a screen of trading terminal with abstract financial graph and digits. Trading and forex concept. 3D Rendering</figcaption></figure>



JOHANNESBURG, Aug 30 (Reuters)&nbsp;&#8211;&nbsp;The following scheduled economic events, company announcement, equity and currency market moves may affect South African markets on Friday.



<h2 class="wp-block-heading" id="h-economic-events">ECONOMIC EVENTS</h2>



July money supply data



Weekly inflation-linked bond auction



July trade and budget balance data



<h2 class="wp-block-heading" id="h-companies">COMPANIES</h2>



Northam Platinum full-year results



<h2 class="wp-block-heading" id="h-south-african-markets">SOUTH AFRICAN MARKETS</h2>



The South African rand firmed on Thursday to its strongest level in 13 months, buoyed by the return of risk appetite to financial markets ahead of key U.S. inflation data which could solidify rate cut bets in the world&#8217;s biggest economy.



<h2 class="wp-block-heading" id="h-global-markets">GLOBAL MARKETS</h2>



Asian stocks rose on Friday and were poised for a solid end to August, while the dollar was staring at its worst monthly performance in nine months on the view that the Federal Reserve is all but certain to cut interest rates next month.



<h2 class="wp-block-heading" id="h-wall-street">WALL STREET</h2>



The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors.



<h2 class="wp-block-heading" id="h-gold">GOLD</h2>



Gold prices eased on Friday, but were on track for a second straight month of gains on rising bets of a Federal Reserve rate cut next month, while traders awaited key U.S. inflation data for additional guidance. 



&#8211; &#8211; &#8211; &#8211;



Some of the main stories out in the South African press:



<h2 class="wp-block-heading" id="h-business-day">BUSINESS DAY</h2>



&#8211; IDC says Eskom turnaround will boost foreign investments



&#8211; We want a sovereign wealth fund but not now, Ramaphosa says



<h2 class="wp-block-heading" id="h-fin-24">FIN 24</h2>



&#8211; &#8216;Game-changing&#8217;: Kumba says its massive bet on Sishen will help ease rail pain



&#8211; New SA platinum mines &#8216;highly improbable&#8217; amid EV threat, says Implats



(Compiled by Bhargav Acharya)

Macro view of a screen of trading terminal with abstract financial graph and digits. Trading and forex concept. 3D Rendering

South African Markets – Factors to watch on Aug 30

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="357" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1.jpg" alt="" class="wp-image-400669" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1.jpg 612w, https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1-300x175.jpg 300w" sizes="auto, (max-width: 612px) 100vw, 612px" /><figcaption class="wp-element-caption">World map with charts and graphs as symbols of global finance</figcaption></figure>



NAIROBI, Aug 30 (Reuters) &#8211; The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday.



<h2 class="wp-block-heading" id="h-events">EVENTS:</h2>



Uganda&#8217;s Central Bank releases inflation data for August.



Kenya&#8217;s statistics office releases inflation data for August



<h2 class="wp-block-heading" id="h-global-markets">GLOBAL MARKETS</h2>



Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but certain to cut interest rates next month.



<h2 class="wp-block-heading" id="h-world-oil-prices">WORLD OIL PRICES</h2>



Oil prices inched higher on Friday as investors weighed supply concerns in the Middle East, although signs of weakened demand limited gains.



<h2 class="wp-block-heading" id="h-south-africa-markets">SOUTH AFRICA MARKETS</h2>



The South African rand firmed on Thursday to its strongest level in 13 months, buoyed by the return of risk appetite to financial markets ahead of key U.S. inflation data which could solidify rate cut bets in the world&#8217;s biggest economy.



<h2 class="wp-block-heading" id="h-africa-markets">AFRICA MARKETS</h2>



Kenya&#8217;s currency is forecast to remain stable in the next week to Thursday, Ghana&#8217;s and Zambia&#8217;s could be under pressure, and Uganda&#8217;s may strengthen, traders said.



<h2 class="wp-block-heading" id="h-kenya-markets">KENYA MARKETS</h2>



The Kenyan shilling was flat on Thursday, as month-end hard-currency demand from the manufacturing sector was offset by foreign investor inflows for the local bond market, traders said.



<h2 class="wp-block-heading" id="h-liberia-mining">LIBERIA MINING</h2>



Liberia&#8217;s Environmental Protection Agency shut down on Wednesday the operations of China Union&#8217;s iron ore Bong Mines for violating several environmental regulations, the regulatory agency said on Thursday.



<h2 class="wp-block-heading" id="h-nigeria-floods">NIGERIA FLOODS</h2>



At least 179 people have died and tens of thousands been displaced in weeks of flooding in Nigeria, the National Emergency Management Agency said on Thursday.



((Compiled by Nairobi Newsroom))

World map with charts and graphs as symbols of global finance

African Markets – Factors to watch on Aug 30

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-820x547.jpg" alt="" class="wp-image-524908" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/OV2PC52TJZNG5PW4JK4QPO2EU4-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly</figcaption></figure>



Aug 29 (Reuters)&nbsp;&#8211;&nbsp;The U.S. Food and Drug Administration (FDA) has approved expanded use of Emergent BioSolutions&#8217;&nbsp;EBS.N&nbsp;ACAM2000 smallpox vaccine to include people at high risk for mpox infection, the company said on Thursday.



Earlier this month, the World Health Organization declared mpox a global public health emergency for the second time in two years as a new variant of the virus, known as clade Ib, spread rapidly in Africa.



The FDA&#8217;s approval follows Emergent&#8217;s application for an Emergency Use Listing of ACAM2000 vaccine with the WHO.



Emergent last week said it would donate 50,000 doses of its smallpox vaccine to the Democratic Republic of the Congo and other impacted countries of Burundi, Kenya, Rwanda and Uganda to address the mpox outbreak.



According to the U.S. Centers for Disease Control and Prevention, ACAM2000 has more known side effects and risks than Danish biotech Bavarian Nordic A/S&#8217;s&nbsp;BAVA.CO&nbsp;Jynneos vaccine, which is approved in the United States for both smallpox and mpox.



ACAM2000 &#8211; a live, replicating virus vaccine &#8211; is known to cause myocarditis/pericarditis &#8211; swelling in or around the heart muscle &#8211; in 1 in 175 new ACAM2000 vaccine recipients, according to the FDA.



(Reporting by Shivani Tanna in Bengaluru; Editing by Maju Samuel and Subhranshu Sahu)

FILE PHOTO: Signage is seen outside of FDA headquarters in White Oak, Maryland

US FDA approves Emergent’s smallpox vaccine for people at high risk of mpox

How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico and the promise of $100 million

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="471" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/SA-INFLATION.avif" alt="" class="wp-image-524647"/><figcaption class="wp-element-caption">Shoppers look for items as they shop at an outlet of retailer Checkers in Sandton City mall, in Sandton, South Africa, August 28, 2024. REUTERS/Lelethu Madikane </figcaption></figure>



JOHANNESBURG, Aug 29 (Reuters)&nbsp;&#8211;&nbsp;South Africa&#8217;s producer inflation fell to 4.2% year on year in July from 4.6% in June, statistics agency data showed on Thursday.



On a month-on-month basis, the Producer Price Index was at -0.2% in July versus -0.3% in June, Statistics South Africa said.



(Reporting by Bhargav Acharya and Tannur AndersEditing by Alexander Winning)

SA INFLATION

South Africa producer inflation falls to 4.2% y/y in July

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg" alt="" class="wp-image-524644" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-768x512.jpg 768w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Uganda shillings. Uganda. (Photo by: Godong/Universal Images Group via Getty Images)</figcaption></figure>



KAMPALA, Aug 29 (Reuters)&nbsp;&#8211;&nbsp;The Ugandan shilling&nbsp;UGX=&nbsp;was little-changed on Thursday, with some inflows of dollars from offshore investors who participated in this week&#8217;s Treasury auction giving support, traders said.



At 1046 GMT, commercial banks quoted the shilling at 3,710/3,720, compared with Wednesday&#8217;s closing rate of 3,712/3,722.



(Reporting by Elias Biryabarema;Editing by George Obulutsa)

UGANDA SHILLING

Ugandan shilling steady, offshore investor FX flows offer support

Egypt’s Sisi will pay his first visit to Turkey as President

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Workers-inspect-the-Repository-in-ONKALO-a-deep-geological-disposal-underground-facility-designed-to-safely-store-nuclear-waste-on-May-2-2023-on-the-island-of-Eurajoki-western-Finland.webp" alt="Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland." class="wp-image-524629" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Workers-inspect-the-Repository-in-ONKALO-a-deep-geological-disposal-underground-facility-designed-to-safely-store-nuclear-waste-on-May-2-2023-on-the-island-of-Eurajoki-western-Finland.webp 740w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Workers-inspect-the-Repository-in-ONKALO-a-deep-geological-disposal-underground-facility-designed-to-safely-store-nuclear-waste-on-May-2-2023-on-the-island-of-Eurajoki-western-Finland-300x169.webp 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Workers-inspect-the-Repository-in-ONKALO-a-deep-geological-disposal-underground-facility-designed-to-safely-store-nuclear-waste-on-May-2-2023-on-the-island-of-Eurajoki-western-Finland-160x90.webp 160w" sizes="auto, (max-width: 740px) 100vw, 740px" /><figcaption class="wp-element-caption">A worker walks at the turbine room linked to the OL3, the latest among three reactors at the nuclear power plant Olkiluoto on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images</figcaption></figure>



Finland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will be stored for 100,000 years.



The pioneering project has been&nbsp;<a href="https://www.iaea.org/newscenter/news/finlands-spent-fuel-repository-a-game-changer-for-the-nuclear-industry-director-general-grossi-says" target="_blank" rel="noreferrer noopener">hailed</a>&nbsp;as both a watershed moment for the long-term sustainability of nuclear energy and “a model for the entire world.”



At some point either next year or in early 2026, highly radioactive spent nuclear fuel will be packed in watertight canisters and deposited into bedrock more than 400 meters below the forests of southwest Finland.



The durable copper canisters will be isolated, separated from humans and kept underground for thousands of years.



“Onkalo,” which is the trademark name of the long-term disposal facility, is the Finnish word for a small cave or pit. It is an apt name for the repository, which sits atop a warren of tunnels and is situated next to three nuclear reactors on the island of Olkiluoto, approximately 240 kilometers from the capital of Helsinki.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="929" height="523" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3.jpeg" alt="A worker walks at the turbine room linked to the OL3, the latest among three reactors at the nuclear power plant Olkiluoto on May 2, 2023, on the island of Eurajoki, western Finland. - Finland's next-generation Olkiluoto 3 nuclear reactor, the largest in Europe, has gone into regular production on April 16, 2023 after months of delays, hours after Germany ended its nuclear era. (Photo by Jonathan NACKSTRAND / AFP) (Photo by JONATHAN NACKSTRAND/AFP via Getty Images)" class="wp-image-524636" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3.jpeg 929w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3-820x462.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-3-768x432.jpeg 768w" sizes="auto, (max-width: 929px) 100vw, 929px" /><figcaption class="wp-element-caption">A worker walks at the turbine room linked to the OL3, the latest among three reactors at the nuclear power plant Olkiluoto on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images</figcaption></figure>



Established in 1995, Posiva is tasked with the responsibility of handling the final disposal of spent nuclear fuel rods at Onkalo. The Finnish company is jointly owned by nuclear power company TVO and utility Fortum.



“Basically, the Onkalo project is that we are building an encapsulation plant and disposal facility for spent fuel. And it’s not temporary, it’s for good,” Pasi Tuohimaa, head of communications for Posiva, told CNBC via videoconference.



Tuohimaa said the first-of-its-kind geological disposal facility had received a lot of interest from industry players, citing what he described as a nuclear “<a href="https://www.cnbc.com/2024/05/26/morgan-stanley-on-how-to-play-the-global-nuclear-power-renaissance.html">renaissance</a>” in recent years and an&nbsp;<a href="https://www.cnbc.com/2021/09/16/europes-energy-crisis-is-making-the-market-nervous-ahead-of-winter.html">energy crisis</a>&nbsp;that gripped Europe and parts of Asia from mid-2021 through to late 2022.



“Having a solution for the final disposal of spent fuel was like the missing part of the sustainable lifecycle for nuclear energy,” Tuohimaa said.



<h2 class="wp-block-heading" id="h-the-role-of-nuclear-power"><a></a>The role of nuclear power</h2>



The Onkalo project has&nbsp;<a href="https://www.cnbc.com/2023/08/22/nuclear-energy-the-answer-to-a-sustainable-future-experts-are-divided.html">stoked debate</a>&nbsp;about whether anyone can guarantee the long-term safety of spent nuclear waste and the extent to which atomic power should be used in the fight against the&nbsp;<a href="https://www.cnbc.com/2024/02/08/climate-world-surpasses-key-warming-threshold-across-an-entire-year.html">climate crisis</a>.



Nuclear energy currently provides about 9% of the world’s electricity,&nbsp;<a href="https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the World Nuclear Association.



As it’s low-carbon, advocates&nbsp;<a href="https://www.cnbc.com/2022/10/14/ukraine-war-europe-is-still-quietly-importing-russian-nuclear-energy.html">argue</a>&nbsp;that nuclear energy has the potential to play a significant role in helping countries generate electricity while slashing emissions and reducing their reliance on fossil fuels.



Some environmental groups, however,&nbsp;<a href="https://www.greenpeace.org.uk/challenges/nuclear-power/" target="_blank" rel="noreferrer noopener">say</a>&nbsp;the nuclear industry is an expensive and harmful distraction to cheaper and cleaner alternatives.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="929" height="523" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2.jpeg" alt="Finland is poised to bury spent nuclear fuel in the world's first geological tomb. The Onkalo site is situated next to three nuclear reactors on the island of Olkiluoto in southwest Finland." class="wp-image-524635" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2.jpeg 929w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2-820x462.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-2-768x432.jpeg 768w" sizes="auto, (max-width: 929px) 100vw, 929px" /><figcaption class="wp-element-caption">Finland is poised to bury spent nuclear fuel in the world’s first geological tomb. The Onkalo site is situated next to three nuclear reactors on the island of Olkiluoto in southwest Finland. Credit: Posiva</figcaption></figure>



“I work both in nuclear waste disposal and nuclear accidents and I have experienced the best and worst of what the nuclear industry can offer,” Gareth Law, professor of radiochemistry at the University of Helsinki, told CNBC via videoconference.



“Clean energy, cheap energy, good baseload but then I have seen the bad side too, accidents, waste creation and the problems that we have there,” he continued.



“To have a country now that’s demonstrating that you can actually take this very dangerous waste that’s going to be here for 100,000-odd years into the future, and we actually have a disposal solution for it, I think that shows it can be done.”



<h2 class="wp-block-heading" id="h-finland-at-least-a-decade-ahead"><a></a>Finland ‘at least a decade ahead’</h2>



Law described the Onkalo project as a “big milestone” for both Finland and the international nuclear power industry.



“Posiva are very correct in selling this as a world first. It is going to be the first repository to take spent nuclear fuel and dispose of it in what I think is going to be a very safe and robust manner into the future.”



Law said that while many countries will want to follow in Finland’s footsteps when it comes to the geological disposal of spent nuclear fuel, the Nordic country is “at least a decade” ahead of neighboring Sweden, the next country that’s likely to achieve such a feat.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="929" height="523" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1.jpeg" alt="Visitors are shown the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland. - Finland's next-generation Olkiluoto 3 nuclear reactor, the largest in Europe, has gone into regular production on April 16, 2023 after months of delays, hours after Germany ended its nuclear era. (Photo by Jonathan NACKSTRAND / AFP) (Photo by JONATHAN NACKSTRAND/AFP via Getty Images)" class="wp-image-524634" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1.jpeg 929w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1-820x462.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-1-768x432.jpeg 768w" sizes="auto, (max-width: 929px) 100vw, 929px" /><figcaption class="wp-element-caption">Visitors are shown the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images</figcaption></figure>



“Scientifically and engineering-wise, it is a very difficult thing to put it into place and to enact, but also politically, it is very, very difficult to get the impetus to do this disposal scenario,” Law said.



“There are many countries in the world that are still very much in the planning stages and even just trying to find somewhere to put the waste. So, the fact that Finland [has] built a repository now and in the next year or two we’re going to be operating it and start the disposal process … I don’t want to call it a miracle, but it wouldn’t be a bad way of framing it in the global context.”



<h2 class="wp-block-heading" id="h-a-model-for-the-entire-world"><a></a>‘A model for the entire world’</h2>



The Onkalo project is&nbsp;<a href="https://group.vattenfall.com/press-and-media/newsroom/2023/finland-to-open-the-worlds-first-final-repository-for-spent-nuclear-fuel" target="_blank" rel="noreferrer noopener">based</a>&nbsp;on the so-called “KBS-3” method developed by the Swedish Nuclear Fuel and Waste Management Company, which is working on what could be the world’s second final repository.



KBS-3 is based on a&nbsp;<a href="https://www.posiva.fi/en/index/finaldisposal/releasebarriers.html" target="_blank" rel="noreferrer noopener">multi-barrier principle</a>, where several engineered barriers seek to ensure the long-term safety of the spent nuclear fuel. In practice, it means that if one of the barriers were to fail, the isolation of the radioactive waste is not compromised.



“It is a way to showcase that such a small nation sometimes is able to solve one of humankind’s maybe top 20 problems or challenges,” Finnish Climate Minister Kai Mykkänen told CNBC via videoconference.



“As we have seen during the past 10 years, nuclear seems to be required in a very important way for the&nbsp;<a href="https://www.cnbc.com/2022/01/05/climate-eu-backlash-over-plans-to-label-nuclear-and-gas-as-green.html">green deal in Europe</a>&nbsp;… but especially if we want to see Asia and the U.S. get rid of fossil electricity production,” he added.



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="929" height="523" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image.jpeg" alt="The Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, is pictured on May 2, 2023, on the island of Eurajoki, western Finland. - Finland's next-generation Olkiluoto 3 nuclear reactor, the largest in Europe, has gone into regular production on April 16, 2023 after months of delays, hours after Germany ended its nuclear era. (Photo by Jonathan NACKSTRAND / AFP) (Photo by JONATHAN NACKSTRAND/AFP via Getty Images)" class="wp-image-524633" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image.jpeg 929w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-820x462.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/image-768x432.jpeg 768w" sizes="auto, (max-width: 929px) 100vw, 929px" /><figcaption class="wp-element-caption">The Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, is pictured on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images</figcaption></figure>



Asked whether the Onkalo project could be seen as a solution to the sustainability of nuclear waste, Mykkänen replied: “Yes, definitely.”



He added, “I am sure that the clear majority of the Finnish population, and also an even larger population near to Onkalo, they are seeing it in a similar way. People really see it as a solution that replaces more harmful energy.”



Mykkänen said he hoped the Onkalo project would be “a model for the entire world.”

Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland.

Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="615" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-820x615.jpg" alt="" class="wp-image-524604" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-820x615.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-300x225.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-120x90.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-768x576.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-1536x1152.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Impala-chief-sees-no-new-platinum-mines-built-in-South-Africa-amid-EV-threat-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">An aerial view of Shaft 11 at Impala Platinum Mine, in Rustenburg, South Africa, November 28, 2023. REUTERS/Shafiek Tassiem/File Photo</figcaption></figure>



JOHANNESBURG, Aug 29 (Reuters)&nbsp;&#8211;&nbsp;Impala Platinum&nbsp;IMPJ.J&nbsp;sees little prospect of new platinum mines being built in South Africa as the industry struggles with a&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL8N3JU24E&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">price slump</a>, its Chief Executive Nico Muller said on Thursday.



Johannesburg-based Impala said projects it had halted in South Africa and Zimbabwe were unlikely to be revived due to the growing market for&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL5N3FE9AH&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">electric vehicles</a>&nbsp;&#8211; which don&#8217;t need platinum-group catalysts in their engines.



&#8220;It&#8217;s highly improbable that you&#8217;re going to see material investment in new PGMs (platinum group metals) production in South Africa,&#8221; Muller said on a media call.



Impala, which has mines in South Africa, Zimbabwe and Canada, is curbing new investment after headline earnings in the year through June 30 plunged 87% to 2.4 billion rand ($135.4 million).



Impala has also shortened the life of its Canadian palladium operations due to a slump in prices and Muller said investors were balking at spending on new mines, which take as many as 20 years to build.



Platinum, of which South Africa is the world&#8217;s top supplier, and palladium prices will&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL8N3JE1U4&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">continue to hover below</a>&nbsp;$1,000 an ounce this year due to overstocking, according to a Reuters poll.



Platinum was trading around $940.85 an ounce and palladium at $946.16 on Thursday.



Platinum miners are bound by antitrust rules which prohibit them from voluntarily cutting output to stimulate prices, Muller said.



&#8220;We are not (as an industry) in a position where we can sit around a cigar table and agree to cut production in order to rebalance the market,&#8221; the CEO said. &#8220;That is the dilemma we sit with.&#8221;



The industry&#8217;s plight also reflects &#8220;the long-term state of electrification (of vehicles)&#8221;, Muller said.



&#8220;I&#8217;m not convinced that any shareholder or company is going to see a clear and attractive return for development in new assets,&#8221; he added.



Impala will place its Two Rivers project on &#8220;care and maintenance&#8221; after halting a planned 5.7 billion rand investment, in addition to spending curbs at the North Hill project in Zimbabwe where a $134 million investment was initially planned, and job cuts in South Africa.



($1 = 17.7210 rand)



(Reporting by Nelson Banya and Felix Njini in Johannesburg; Editing by Helen Popper and David Holmes)

An aerial view of Shaft 11 at Impala Platinum Mine, in Rustenburg

Impala chief sees no new platinum mines built in South Africa amid EV threat

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="408" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-2.jpg" alt="" class="wp-image-524623" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-2.jpg 612w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-2-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-2-135x90.jpg 135w" sizes="auto, (max-width: 612px) 100vw, 612px" /></figure>



JOHANNESBURG, Aug 29 (Reuters)&nbsp;&#8211;&nbsp;The following scheduled economic event, company announcements, equity and currency market moves may affect South African markets on Thursday.



ECONOMIC EVENT



South Africa July PPI



COMPANIES



Platinum giant Impala halts new mine expansion as&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AL8N3KG04Z&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">profit plunges</a>



Amazon AWS summit in Johannesburg, South Africa



SOUTH AFRICAN MARKETS



The South African rand weakened on Wednesday ahead of economic data releases towards the end of the week.



On the stock market, the Top-40&nbsp;.JTOPI&nbsp;index closed about 0.74% down.&nbsp;.JZAR/



GLOBAL MARKETS



Asian shares followed Wall Street futures lower on Thursday as Nvidia&#8217;s results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive.&nbsp;MKTS/GLOB



WALL STREET



U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street&#8217;s centerpiece event of the week that could shatter or add fresh fuel to a rally driven by optimism around artificial intelligence.&nbsp;.N



GOLD



Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key U.S. inflation print.&nbsp;GOL/



EMERGING MARKETS



For the top emerging markets news, double click on&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3ATOPEMRG&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">Read full story</a>



&#8211; &#8211; &#8211; &#8211;



Some of the main stories out in the South African press:



BUSINESS DAY



&#8211; Gold Fields ‘warned about procurement missteps’ at South Deep



&#8211; Transnet secures parts for idle locomotives



(Compiled by Bhargav Acharya)

istockphoto-1076949610-612×612-1

South African Markets – Factors to watch on Aug 29

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="471" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/shilling-1.avif" alt="A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo" class="wp-image-524625"/></figure>



NAIROBI, Aug 29 (Reuters) &#8211; The Kenyan shilling KES= was flat on Thursday, as month-end hard-currency demand from the manufacturing sector was offset by foreign investor inflows for the local bond market, traders said. At 0835 GMT, LSEG data showed the shilling at 128.25/129.25 to the U.S. dollar, the same as at the close of Wednesday&#8217;s session. &#8220;It&#8217;s very stable. Demand and supply seem to be evenly matched. There&#8217;s been some good (FX) demand but offshore flows are coming for the infrastructure bond,&#8221; one trader said. The shilling has been relatively steady for several months, after rallying strongly in the first half of 2024 as concerns eased that the East African country would default on a $2 billion Eurobond that matured in June. (Reporting by Hereward HollandEditing by Alexander Winning)

shilling

Kenyan shilling flat as FX inflows meet manufacturing demand

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="482" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-820x482.jpeg" alt="" class="wp-image-462538" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-820x482.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-300x176.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-153x90.jpeg 153w, https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-768x452.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds-1536x904.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/03/107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds.jpeg 1700w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.
Edgar Su | Reuters</figcaption></figure>



NAIROBI, Aug 29 (Reuters)&nbsp;&#8211;&nbsp;Chinese lenders approved loans worth $4.61 billion to Africa last year, marking the first annual increase since 2016, an independent study showed on Thursday.



Africa secured more than $10 billion in loans a year from China between 2012-2018, thanks to President Xi Jinping&#8217;s Belt and Road Initiative (BRI), but the lending fell precipitously from the start of the COVID-19 pandemic in 2020.



Last year&#8217;s figure, a more than three-fold increase from 2022, shows China is keen to curb risks associated with highly indebted economies, the study by Boston University&#8217;s Global Development Policy Centre found.



&#8220;Beijing appears to be looking for a more sustainable equilibrium level of lending and experimenting with a (new) strategy,&#8221; said the university centre, which runs the Chinese Loans to Africa Database project.



The new data comes as Beijing prepares to host African leaders next week for the Forum on China-Africa Cooperation, which takes place every three years.



There were 13 loan deals last year involving eight African countries and two African multilateral lenders, the study found.



Last year&#8217;s biggest items include a nearly $1 billion loan from China Development Bank to Nigeria for the&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AS8N362039&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">Kaduna-to-Kano</a>&nbsp;Railway and similar size&nbsp;<a href="https://www.reutersconnect.com/all?search=all%3AP8N3BH07A&amp;linkedFromStory=true" target="_blank" rel="noreferrer noopener">liquidity facility</a>&nbsp;by the lender to Egypt&#8217;s central bank.



China has vaulted to the top bilateral lender for many African nations like Ethiopia in recent years.



It has lent the continent a total of $182.28 billion between 2000-2023, the Boston University study found, with the bulk of the finances going to Africa&#8217;s energy, transport and ICT sectors.



Africa featured prominently in the initial years of BRI, as China sought to recreate the ancient Silk Road and extend its geopolitical and economic influence through a global infrastructure development push.



China, however, started to turn off the cash spigot in 2019, a shift that was accelerated by the pandemic, leaving a series of incomplete projects around the region, including a modern railway meant to link Kenya with its neighbours.



The reduction in loans was caused by China&#8217;s own domestic pressures and growing debt burdens among African economies. Zambia, Ghana and Ethiopia have gone into protracted debt overhauls since 2021.



More than half of the loans committed last year, or $2.59 billion, were to regional and national lenders, underscoring Beijing&#8217;s new strategy, the study by Boston University found.



&#8220;Chinese lenders&#8217; focus on African financial institutions most likely represent a risk mitigation strategy that avoids exposure to African countries&#8217; debt challenges,&#8221; it said.



Nearly a tenth of 2023 loans were for three solar and hydropower energy projects, the study found, illustrating a desire by China to move into funding renewable energy instead of coal-fired power plants.



Still, the discernible trends in last year&#8217;s figures did not offer a clear direction of China&#8217;s financial engagement with the continent, the study showed, since Chinese institutions also wrote loans to ailing economies like Nigeria and Angola.



&#8220;It remains to be seen whether China&#8217;s partnerships in Africa will retain their quality,&#8221; the Global Development Policy Centre said.



China&#8217;s loans to Africa rise in 2023&nbsp;<a href="https://reut.rs/3yZjZJH" target="_blank" rel="noreferrer noopener">https://reut.rs/3yZjZJH</a>



(Reporting by Duncan Miriri, editing by Karin Strohecker and Angus MacSwan)

107322262-16981550392023-10-24t134236z_46329598_rc2nu3aqwna3_rtrmadp_0_china-economy-bonds

China’s lending to Africa rises for first time in seven years, study shows

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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="429" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY-820x429.jpg" alt="" class="wp-image-506011" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY-820x429.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY-300x157.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY-160x84.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY-768x402.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/HCVRNAVJRJMOJBUK4XOB7PEJGY.jpg 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A teller serves a client with Kenya shilling notes at the cashier&#8217;s booth of a forex exchange bureau in Kenya&#8217;s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, Aug 28 (Reuters) &#8211; The Kenyan shilling strengthened a little on Wednesday, with foreign exchange inflows from tea exporters slightly outweighing month-end demand from the manufacturing sector, traders said.



At 0935 GMT, LSEG data showed the shilling at 128.25/129.25 to the U.S. dollar, compared to 128.50/129.50 at the close of Tuesday&#8217;s session.



&#8220;The major (foreign-currency) supply is from our agricultural sector. Also the central bank is in the market, buying dollars to prevent volatility,&#8221; one trader said.



(Reporting by Hereward Holland; Editing by Alexander Winning)

HCVRNAVJRJMOJBUK4XOB7PEJGY

Kenyan shilling strengthens slightly on tea exporter FX inflows

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-820x547.jpg" alt="" class="wp-image-423556" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2023/03/IQMT7SFA2RNQLAQHUEOA2VEMMQ-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS/Thomas White/Illustration</figcaption></figure>



JOHANNESBURG, Aug 28 (Reuters)&nbsp;&#8211;&nbsp;The South African rand slipped early on Wednesday, ahead of economic data releases towards the end of the week.



The rand was at 17.7875 against the dollar by 0744 GMT, 0.4% weaker than its previous close.



The dollar index showing its performance against a basket of currencies, was last up 0.18%.



South African investors are awaiting July producer inflation data on Thursday and money supply, trade and budget balance figures on Friday for the latest indications on the health of the domestic economy.



Global market focus this week will be on a preliminary estimate for U.S. gross domestic product in the second quarter and the core personal consumption expenditures (PCE) index, the U.S. Federal Reserve&#8217;s preferred inflation measure.



The rand, like most emerging market currencies, tends to track international moves as well as local economic events.



On the stock market, the Top-40 index was down about 0.2%.



South Africa&#8217;s benchmark 2030 government bond was marginally weaker in early deals, with the yield up 0.5 basis point at 9.120%.



(Reporting by Bhargav Acharya; Editing by David Goodman)

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South African grocer Pick n Pay says its Boxer IPO could raise $450 mln

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African Markets – Factors to watch on Aug 30

US FDA approves Emergent’s smallpox vaccine for people at high risk of mpox

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South Africa producer inflation falls to 4.2% y/y in July

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Egypt’s Sisi will pay his first visit to Turkey as President

Finland will soon bury nuclear waste in a geological tomb that’s built to last for 100,000 years

Impala chief sees no new platinum mines built in South Africa amid EV threat

South African Markets – Factors to watch on Aug 29

Kenyan shilling flat as FX inflows meet manufacturing demand

China’s lending to Africa rises for first time in seven years, study shows

How do Olympic athletes reinvent themselves?

Why Fast Food Chains Like McDonald’s, Wendy’s And Taco Bell Brought Back Value Meals

Kenyan shilling strengthens slightly on tea exporter FX inflows

South African rand slips ahead of domestic data releases

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