Tannur Anders

Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget.

The Southern African Development Community (SADC) said on Thursday that a summit of regional heads of state had terminated the mandate of its troop deployment in the Democratic Republic of Congo and decided on a "phased withdrawal".

South Africa's rand fell on Friday after U.S. President Donald Trump said he would cut off all federal funding to the country, while the dollar sagged after data showed the U.S. economy created fewer jobs than expected last month.

South African power utility Eskom resumed scheduled power cuts on Friday and said they would last across the weekend, after outages at the country's nuclear power station and one of its mammoth coal plants.

Business activity in South Africa continued to weaken in February, but the pace of contraction slowed compared with the start of the year, a survey showed on Wednesday.

South African manufacturers reported a continued deterioration in business conditions in February, a local purchasing managers' index (PMI) survey showed on Monday.

South African fashion retailer Truworths on Thursday reported a 4.6% fall in half-year profit.

European Union foreign policy chief Kaja Kallas said on Thursday that interactions between the United States and Russia showed Moscow had not given up its territorial goals in Ukraine, and that appeasing it would send a dangerous signal.

South African business confidence stabilised in January, data showed on Wednesday, after surging in the second half of 2024 because of optimism about the country's economic prospects under the ruling coalition government.

Shares in steel producer ArcelorMittal South Africa traded 2% weaker on the Johannesburg Stock Exchange early on Tuesday after U.S. President Donald Trump's tariffs on steel imports to the United States.