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South African mining production breached R1 trillion for the first time last year on the back of strong commodity prices, the Minerals Council South Africa said on Monday.

South Africa is likely to see another interest rate hike next week, although the increase could be larger than previously forecast, say economists at the Bureau for Economic Research (BER).

Paladin Energy says it has raised the targeted N$169 million from a share purchase plan (SPP), with proceeds to be used to restart operations at the Langer Heinrich uranium mine.

The 7.3% electricity tariff hike announces by the Electricity Control Board (ECB) will negatively impact businesses and consumers, economic analysts have warned.

The Bank of Namibia (BoN) says it is currently exploring alternative means of facilitating payments to Russia after some of the Russian banks were expelled from the SWIFT payment platform as part of global sanctions for the on-going Ukraine conflict.

South Africa faces a R1.50/litre petrol price increase in June as the government’s intervention to ease the cost of high fuel prices comes to an end.

Pan-African microlender Letshego has parted ways with its Group CEO and Executive Director Andrew Okai.

China should head the creditors committee being formed to renegotiate Zambia’s $17.3 billion of foreign debt because that will help accelerate the resolution process, the southern African country’s finance minister said.

Banks in Africa see the entry of telecommunication companies into banking services as a threat to their market share as more mobile firms venture into the sector, a report on digital banking in the continent has found.

The Electricity Control Board (ECB) says the annual electricity tariff increment is necessary for the country to avoid load shedding.