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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Tiisetso Motsoeneng

Tiisetso Motsoeneng

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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.

S. African central bank predicts reaching 3% inflation target

The announcement prompted economists to scale back expectations of back-to-back interest rate hikes.
A drone view of the FNB Stadium, one of South Africa’s landmarks.
Siphiwe Sibeko/Reuters

South Africa deports 53,000 migrants after demos

Africa’s biggest economy has been on a knife edge for months over growing anti-migrant sentiment and xenophobic violence.
People march as anti-immigrant protesters go door-to-door in search of undocumented foreign nationals to take them to the police.
Oupa Nkosi/Reuters

Businesses brace for prolonged unrest in South Africa

Boardroom sentiment has soured in an economy already grappling with the world’s highest unemployment rate, collapsing municipal services, and intensifying political agitation.
An anti-immigrant demonstrator throws a bottle at a building in Johannesburg.
Oupa Nkosi/File Photo/Reuters

South Africa’s Treasury freezes Johannesburg budget

The decision is part of a crackdown on allegedly wasteful spending just months before local government elections.
A view of a dilapidated block of flats in Hillbrow, where people struggle with basic services in the business district of Johannesburg.
Shafiek Tassiem/Reuters

South Africa mulls tax cuts to boost industrial growth

The move comes after the country lost its top spot as Africa’s most industrialized economy.
A man walks by a closed shop in Johannesburg.
Oupa Nkosi/Reuters

Economists warn Africa faces prolonged crunch

A US-Iran ceasefire is unlikely to ease short-term conditions in a region badly impacted by the war.
A general view of densely packed residential housing in Alexandra township.
Siphiwe Sibeko/Reuters

Billionaire maps next chapter for southern Africa sugar giant

Robert Gumede plans to use a massive sugarcane supplies footprint to build a biofuel powerhouse.

The danger of South Africa’s fragile anti-migrant protests

The country’s major cities saw anti-migrant demonstrations that were largely devoid of violence, but there were promises of more protests.

South African anti-migrant protesters vow weekly demos

Protesters want President Cyril Ramaphosa to make good on his promises to deport undocumented migrants.

South Africa faces security test as anti-migrant violence escalates

Anti-immigration protestors are demanding the removal of undocumented migrants and tighter border enforcement, setting their own deadline of June 30.

Nigeria faces ‘highest’ inflation risk among emerging markets, S&P says

S&P said higher energy and fertilizer prices triggered by the Iran war and El Niño were driving inflation.

S. Africa on edge ahead of anti-migrant deadline

Protests against undocumented migrants have mall owners preparing for the worst.

South Africa corruption investigation widens

Business Vusimuzi Matlala offered to provide evidence against members of the goverment underscoring the breadth of a huge graft probe in the continent’s biggest economy.

South Africa’s eyes autonomy after PEPFAR cut

The country’s health minister said that the US’ cancellation of a multibillion-dollar HIV/AIDS program was a “wake-up call.”

South Africa to raise health funding cuts at UN meeting

The meeting comes after the US said it plans to cut HIV/AIDS funding for the country, where rates are the highest in the world.

South Africa’s proposed power pricing plan to end Eskom monopoly

The proposal would separate the cost of producing electricity into distinct components and introduce a regulated wholesale market.

South Africa’s Standard Bank eyes Kenya growth

The lender wants to boost its market share with the move in Kenya’s crowded banking sector.

Amazon takes on Starlink in Kenya

Amazon has applied for approval to build its first African satellite ground station in Kenya, putting it in competition with SpaceX.