Concargo

    Eskom bailout wreaks havoc on South African government finances

    The South African government’s decision to increase support for the embattled state power utility is wreaking havoc on the nation’s…

    ArcelorMittal South Africa to cut 2,000 jobs

    ArcelorMittal South Africa Ltd. may cut more than 2,000 jobs as part of a widespread restructuring to cut costs. South…

    Qatar’s $200 billion dash to World Cup hits a construction cliff

    Qatar is experiencing economic whiplash as it winds down $200 billion of infrastructure works to prepare for the 2022 soccer World…

    South Africa stuck in longest business-cycle slump since 1945

    South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to the risk that it may fall…

    Gordhan says SOEs in dire straits, threatens boards and CEOs with intervention

    South Africa’s state-owned companies are in a parlous state and if the boards and management of these organisations do not…

    Zambian president says fears of a debt crisis are unfounded

    Zambian President Edgar Lungu said the southern African nation, whose Eurobonds are trading at distressed levels, is able to repay…

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