South Africa’s central bank will probably introduce a raft of changes to modelling that informs monetary policy decisions, including a measure to better anchor inflation expectations.

British financial services giant EY said it was stopping a project to split its audit and advisory units after opposition from its US branch.

French energy firm TotalEnergies announced an agreement with Iraq on a long-delayed US$10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal.

South Africa’s biggest retailer, the Shoprite Group, is expanding and launching a clothing store brand.

 Botswana will take a 24% stake in Belgian diamond trader HB Antwerp in a challenge to a decades old arrangement with De Beers, the world’s biggest diamond company.  

Following an uptick in headline inflation, economists at Nedbank say this has sealed the deal on another interest rate hike in March.

South Africa is currently experiencing the lowest growth episode in its modern history, and the country’s growth outlook could see living standards slip even further, says Rashad Cassim, the deputy governor of the South African Reserve Bank (SARB).

Credit Suisse announced Thursday that it would borrow almost US$54 billion (R996 billion) from the Swiss central bank to reinforce the group after a plunge in its share prices. 

A global slump in stocks dragged South Africa’s benchmark equity index lower for a seventh day on Wednesday, the longest losing streak for the market since October 2018.

Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June.

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