Bhargav Acharya

South African private sector activity increased for a fourth consecutive month in November as firms took on more workers and grew more confident about the economic outlook, a survey showed on Wednesday.

South Africa's rand weakened early on Monday, ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector.

South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday, buttressing expectations for another interest rate cut by the central bank this week.

South Africa's President Cyril Ramaphosa said on Monday lives should not be put at risk in a standoff between police and hundreds of illegal miners stuck underground in a disused mine shaft and the miners should be recovered safely.

South Africa's rand recouped some losses on Thursday, a day after emerging market assets took a hit following Donald Trump's win in the U.S. election.

The ANC's main coalition partner the Democratic Alliance called on Friday for a review of a decision by prosecutors not to charge South African President Cyril Ramaphosa over a theft from his game farm that nearly cost him his position two years ago.

Mozambicans will vote in presidential and legislative elections on Oct. 9 that are almost certain to extend the ruling Frelimo party's half century in power, as it battles a long-running Islamist insurgency in one of Africa's largest gas fields.

The International Monetary Fund said on Wednesday that South Africa needed to pursue ambitious fiscal consolidation to restore the sustainability of its public finances.

South Africa's rand was stable on Monday, ahead of local economic data releases this week that could give hints on the health of the local economy.

South Africa's rand was little changed on Thursday, ahead of an interest rate decision by the South African Reserve Bank (SARB).