Government has welcomed Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at “BB-” and maintain the stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real gross domestic product (GDP) growth, high poverty and inequality levels, a high and rising government debt-to-GDP ratio,…
US megaretailer Walmart’s move to introduce its own-branded stores in South Africa is going to be met with stiff competition from established retailers, but its advancements in retail technology – spanning its operations from in-store management to its logistics pipeline – could give it an edge. According to Chris Gilmour, investment analyst at Gilmour Research,…
China’s car makers like BYD are fast gaining traction in the South African market South Africa is in talks with Chinese car makers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government official said. Africa’s most developed car manufacturing hub is at an…
The Samsung Galaxy S25 Edge has arrived in South Africa, combining next-generation performance with an ultra-sleek design. The device is now available on a range of contract and cash deals, offering a compelling package of advanced features and powerful hardware. Read: Nintendo surprises with Virtual Boy accessory for the Switch 2 The most notable aspects…
iStore, South Africa’s only Apple Premium Partner, has announced that the new iPhone 17 lineup is now available for pre-order online. The devices will officially launch in-store on September 19, 2025. Read: The Apple iPhone 17 Pro is “the most Pro” ever Customers can pre-order the new phones for cash starting at R20,799, or on…
South Africa is in discussions with several Chinese automakers to encourage them to invest in local production, according to Zuko Godlimpi, the deputy minister of trade, industry, and competition. Godlimpi told members of parliament that one company has already shown significant interest in establishing a manufacturing plant in either East London or Gqeberha. Read: The…
The price of the iPhone 17 series in South Africa will be lower than the iPhone 16 line-up was at launch — the second year in a row that Apple’s smartphones have reduced in price year over year. The iPhone 17 series, which was unveiled on Tuesday, is now available for pre-order through iStore, the…
Johannesburg — The 12th South African AIDS Conference opened this week at Emperor’s Palace in Gauteng, South Africa, as pressure mounted on health systems in the host country and the region. The conference, which runs from September 8-11, drew about 1,400 delegates under the theme Unite for Change, Empower Communities and Redefine Priorities for HIV/AIDS….
Online retail now makes up nearly 10% of total retail sales in South Africa, and World Wide Worx has forecast the figure will breach that mark for the first time ever in January 2026. Online retail sales as a proportion of total retail revenue grew to 8% in the 2024 calendar year and is on…
The Nigeria Football Federation (NFF) has dismissed reports indicating that FIFA has cleared South Africa of any wrongdoing in the player ineligibility saga involving Teboho Mokoena. Ademola Olajire, the NFF’s Director of Communications, told News Agency of Nigeria (NAN) in Abuja on Wednesday that no official communication has been received from FIFA regarding the matter….
