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Intelligence for the New World Economy

D.C.
BXL
Lagos

Riyadh
Beijing
SG

Intelligence for the New World Economy

Semafor World Economy

Tiisetso Motsoeneng

Tiisetso Motsoeneng

Tiisetso Motsoeneng has spent more than a decade reporting on South Africa’s political economy. At Business Day, he oversaw coverage of the post–state capture politics. Before that, he served as Reuters’ head of corporate news for Southern Africa.

Taiwan cancels Eswatini visit after neighbors block airspace

Eswatini is the only African country with official diplomatic relations with Taiwan, which China considers a renegade province.

Taiwan’s President Lai Ching-te.

Mining giant BHP mulls Zambia copper exploration

The move would mark the firm’s first large-scale project in Africa for more than a decade.

Hollie Adams/File Photo/Reuters

South Africa scraps apartheid-era capital controls

Pretoria hopes the new system will make it easier for investors to move money out of the country.

South African Reserve Bank Governor Lesetja Kganyago.

South Africa’s Kganyago rejects ‘wait-and-see’ approach

South Africa’s central bank governor Letsetja Kganyago told Semafor World Economy the bank could not be “complacent.”

South Africa’s central bank governor Lesetja Kganyago.

South Africa can hit 4% growth, Standard Bank CEO says

Sim Tshabalala told Semafor World Economy that changes at state-owned power and logistics companies had improved efficiency.

Sim Tshabalala (L) and Semafor’s Alexis Akwagyiram.

South Africa turns to Afrikaner as ambassador to US

Roelf Meyer, a key figure in the negotiations that ended apartheid, has been appointed to the role left vacant since last year.

Roelf Meyer. Deaan Vivier/Beeld/Gallo Images via Getty Images.

Heineken sells DR Congo unit in Bralima

The exit marks the end of more than a century of operations by the Dutch brewer in the country.

Airbnb faces familiar battle in Cape Town

Hotel-managed or listed units on short-term rental platforms show how deeply tourism has penetrated the city center’s housing market.

FirstRand exits UK business after regulatory hit

South Africa’s largest bank by value said it will unwind its ownership of British challenger bank Aldermore.

Afreximbank’s $800M answer to Fitch

The lender’s fundraising from Japan and China has taken on greater strategic weight after Fitch downgraded it last year.

Ghana hands major gold mine to local operator

The move will be placing a major industrial asset in domestic hands for the first time in the country’s modern mining industry.

Afreximbank unveils $10B support plan for Africa to ease Iran war impact

The move was announced hours before the US and Iran agreed a two-week ceasefire conditioned on the reopening of the Strait of Hormuz.

South Africa mulls migration overhaul to boost economic growth

The rewrite seeks to attract so-called “designer migrants,” in order to address labor shortages in health care, engineering, and technology.

Sahel coups push Africa to top of global democratic declines, report finds

The sharpest setbacks were linked to a wave of military takeovers in the Sahel and parts of central Africa, International IDEA said.

South Africa’s water systems are ‘failing’

The findings of a new report present a crisis that resembles the early stages of the country’s national power grid collapse.

South Africa collects record $117B tax haul

The results mark the first time South Africa’s tax authority has crossed the 2 trillion rand milestone in its nearly 30-year history.

South Africa pushes for $200B investment

For more than a decade, South Africa’s economy has barely grown, leaving it with crumbling infrastructure and the need to create jobs.

Africa’s top bank warns of Iran war growth impact

A possible six-month war would hurt the continent’s already fragile prospects, the development bank said.