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    South African economy

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    • Thursday, 16 November, 2023
      Ramaphosa government faces calls to tap foreign exchange gains to ease debt burden

      Hedge fund Amia Capital becomes latest body to float South Africa using central bank account as economy falters

      A view of the Pretoria city centre
    • Wednesday, 18 October, 2023
      How South Africa’s state rail network Transnet came close to the brink

      ‘Catastrophic’ problems at freight company mirror those of stricken Eskom power monopoly

      Goods trains at the port of Durban.
    • Friday, 29 September, 2023
      Departure of CEO adds to crisis at South Africa’s port and rail monopoly

      Transnet predicted to become ‘next Eskom’ as problems pile up at state transport group

      Portia Derby,
    • Thursday, 18 May, 2023
      David Pilling
      South Africa and the limits of having it both ways

      Pretoria wants to be both a democracy with a progressive constitution and a friend to dictators

      Cyril Ramaphosa wearing ANC green and gold in front of banners in the same colours
    • Thursday, 18 May, 2023
      South Africa
      Eskom chief warns South Africans to prepare for worst-ever blackouts

      Country told to expect a ‘difficult winter’ with outages that could last as long as 16 hours

      A local walks past electricity pylons during a power outage in South Africa
    • Wednesday, 17 May, 2023
      News in-depthSouth Africa
      South Africa’s flirtation with Moscow risks billions in US exports

      Diplomatic crisis over alleged arms shipments to Russia threatens Pretoria’s prized tariff-free trade access

      A worker stands on a platform as shipping containers stand stacked across the water in the port city of Durban
    • Friday, 7 April, 2023
      News in-depthSouth Africa
      ‘Everything is being stripped and stolen’: South Africa’s run-down city of gold

      Wealthy residents flee Johannesburg as it descends into lawlessness and infrastructural collapse

      A bus travels past a pile of burning rubbish in Johannesburg
    • Wednesday, 5 April, 2023
      South Africa backtracks on Eskom state of disaster

      Government withdraws permission for utility to avoid reporting irregular spending in face of public anger

      People walking past electricity pylons
    • Monday, 3 April, 2023
      Eskom Holdings SOC Ltd
      Eskom given financial statements exemption over credit rating fears

      South Africa’s finance minister says power utility need not disclose irregular spending for three years

      Eskom’s Lethabo coal-fired power station in Vereeniging
    • Monday, 20 March, 2023
      South Africa
      South African military deployed to prevent planned national shutdown

      Country’s radical opposition struggles to muster large numbers after calling for a day of protest

      Supporters of the Economic Freedom Fighters protest in Pretoria, South Africa
    • Tuesday, 7 March, 2023
      South Africa GDP shrinks 1.3% after power cuts strangle economy

      State of disaster declared as rolling blackouts cost $50mn a day, says central bank

      Power cuts submerge Johannesburg in darkness
    • Monday, 6 March, 2023
      South Africa
      Ramaphosa names new electricity minister in battle to beat power cuts

      Ramokgopa appointment comes after Eskom crisis causes outages of up to 12 hours a day

      Cyril Ramaphosa said that the new electricity minister would be given powers ‘to deal with the challenge of fragmentation of responsibility’
    • Sunday, 26 February, 2023
      News in-depthSouth Africa
      Eskom chief’s explosive interview exposes the ANC’s rotten core

      Rising frustration over pervasive corruption risks hurting South Africa’s ruling party at the polls

      A man places candles that he uses to light his shack during frequent power outages in South Africa
    • Wednesday, 22 February, 2023
      Eskom Holdings SOC Ltd
      South Africa expands public borrowing to relieve Eskom debt

      Finance minister says Pretoria will provide state power group with $14bn as rolling blackouts worsen

      Enoch Godongwana
    • Thursday, 9 February, 2023
      South Africa declares ‘national state of disaster’ over blackouts

      President says rolling power cuts ‘an existential threat to our economy and our social fabric’

      President Cyril Ramaphosa making his state of the nation address
    • Monday, 6 February, 2023
      Anglo American PLC
      Anglo American chief sounds alarm on South African infrastructure

      FTSE 100 miner’s Duncan Wanblad warns country’s economy under threat from ‘scourges’ of power cuts, broken logistics and corruption

      Anglo American chief executive Duncan Wanblad
    • Sunday, 1 January, 2023
      David Pilling
      Corrupt, failing Eskom is a picture of South Africa in miniature

      Without reliable power, the country cannot generate economic growth and overcome the festering legacies of apartheid

      Children read by paraffin light in Soweto. Eskom imposed at least 100 days of rolling blackouts last year
    • Wednesday, 26 October, 2022
      South Africa
      South Africa to transfer up to two-thirds of Eskom debt to government

      Finance minister says move will ensure long-term financial viability of state electricity monopoly

      South Africa’s finance minister Enoch Godongwana, pictured in Cape Town on Wednesday
    • Tuesday, 2 August, 2022
      South Africa hopes private sector can help end Eskom power crisis

      Renewable energy procurement will be increased under plan announced by president Cyril Ramaphosa

      People working at a sewing machine powered by a generator during a power outage
    • Monday, 25 July, 2022
      South Africa to open up power generation to tackle energy crisis

      Ramaphosa will seek private sector help and more renewable sources to deal with supply issues at state utility Eskom

      An Eskom power plant near Sasolburg, South Africa
    • Thursday, 21 July, 2022
      South Africa announces biggest interest rate rise in nearly 20 years

      The central bank increases cost of borrowing by three-quarters of a percentage point to tackle rising inflation

      Lesetja Kganyago is governor of the South African Reserve Bank
    • Tuesday, 10 May, 2022
      News in-depth
      Flash floods in ‘gateway’ port Durban add to South Africa’s economic woes

      Worst deluges in decades highlight crumbling infrastructure and exacerbate delays at flagship terminal

      The remains of a house at KwaNdengezi township outside Durban.
    • Wednesday, 23 February, 2022
      Higher commodity prices to help South Africa cut debt

      Better than expected revenues allay fears of looming debt crisis

      A worker attends machinery at a smelter plant
    • Sunday, 30 January, 2022
      Tech start-ups
      Tech founders launch fund aimed at finding Africa’s next ‘unicorns’

      Klarna co-founder spearheading $200m vehicle says dearth of growth capital is holding back start-ups

      Flutterwave app on a phone
    • Monday, 17 January, 2022
      The FT ViewThe editorial board
      Bain’s cautionary South African tale

      The firm cannot distance itself from its office’s alleged role in state capture

      Aerial view of downtown Johannesburg in South Africa. By Bain’s own admission, it was blinded by the healthy revenues of its Johannesburg office
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