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Unemployment rate rises 1.3 percentage points to 32.7%
Daily Maverick - Business Maverick • 12 May 2026, 12:17
Unemployment rate rises 1.3 percentage points to 32.7%
Daily Maverick - Business Maverick • 12 May 2026, 12:17
About a third of South Africa’s labour force is without a job, and things are bound to get worse as the economic outlook sours with each passing day of the Middle East war triggered at the end of February by the US and Israeli attacks on Iran. South Africa’s unemployment rate climbed in the first quarter (Q1) of 2026 to 32.7% from 31.4% in the fourth quarter last year, a worrying sign as the economy has since had to grapple with soaring petrol prices and the twin spectres of accelerating inflation and slowing growth in the wake of the Iran conflict. The quarterly labour force survey data, released on Tuesday by Statistics South Africa (Stats SA), showed that the number of employed persons in
OSAGYEFO MAZWAI | The hidden link between climate resilience and GDP growth
BusinessLIVE / Business Day South Africa • 12 May 2026, 12:15
OSAGYEFO MAZWAI | The hidden link between climate resilience and GDP growth
BusinessLIVE / Business Day South Africa • 12 May 2026, 12:15
Government faces funding gaps as infrastructure costs outpace disaster budgets South Africa’s economic future is increasingly linked to its climate resilience. As climate-related disasters increase in frequency and severity, the combined pressure on economic activity, government finances and long-term growth is becoming more material. Worryingly, available indicators suggest that the country’s level of preparedness is not yet keeping pace with the scale of the threat. shows that the country experienced more than 100 climate disasters between 1900 and 2017, resulting in more than 2,200 deaths
Kubayi vows Rica crackdown as MPs warn of pressure on justice system
BusinessLIVE / Business Day South Africa • 12 May 2026, 12:10
Kubayi vows Rica crackdown as MPs warn of pressure on justice system
BusinessLIVE / Business Day South Africa • 12 May 2026, 12:10
Justice minister says state will boost fight against organised crime and corruption Parliamentary Correspondent Justice & constitutional development minister Mmamoloko Kubayi has warned that organised crime and corruption pose a direct threat to SA’s democracy, as opposition parties raised concern that the justice system remains underfunded, technologically outdated and weakened by vacancies. Tabling the budget vote for the department of justice and constitutional development with the portfolio committee on Tuesday, Kubayi said the department had been allocated just more than R26.3bn for the 2026/27
EIB Group President Calviño visits Albania to announce new investments for small businesses, supporting innovation, digitalisation, and green production
European Investment Bank / EIB - Africa • 12 May 2026, 12:00
EIB Group President Calviño visits Albania to announce new investments for small businesses, supporting innovation, digitalisation, and green production
European Investment Bank / EIB - Africa • 12 May 2026, 12:00
The President of the European Investment Bank (EIB) Group, Nadia Calviño, visited Albania today to launch new financing for key energy, climate, and digitalisation projects in the country, including a €20 million agreement to support small businesses. During the visit, President Calviño met with Prime Minister Edi Rama to reaffirm the EIB Group’s support for Albania’s progress towards European Union accession and to encourage the continuation of reform efforts.
Verdant IMAP acts as financial advisor and arranger to Heath Goldfields on its USD 65 million debt financing and offtake
Africa Energy Chamber • 12 May 2026, 11:46
Verdant IMAP acts as financial advisor and arranger to Heath Goldfields on its USD 65 million debt financing and offtake
Africa Energy Chamber • 12 May 2026, 11:46
Verdant IMAP (www.Verdant-Cap.com) has advised Hea
Academic training determines Nigerian policymakers’ use of scientific evidence — Study
Premium Times Nigeria • 12 May 2026, 11:44
Academic training determines Nigerian policymakers’ use of scientific evidence — Study
Premium Times Nigeria • 12 May 2026, 11:44
A new study of senior officials across Nigeria’s federal ministries and the National Assembly has found that policymakers with doctorate degrees are significantly more likely to engage with a wider range of research evidence when shaping public policy, highlighting persistent gaps in evidence-based decision-making across government.
From Vision to Institution: Celebrating 30 Years of Jackson, Etti & Edu
Nairametrics • 12 May 2026, 11:44
From Vision to Institution: Celebrating 30 Years of Jackson, Etti & Edu
Nairametrics • 12 May 2026, 11:44
There is something profoundly special about a 30‑year milestone. It invites not only celebration, but reflection on endurance, quiet determination, shared sacrifice, and the steady belief that something worth building is worth sustaining. Jackson, Etti & Edu traces its origins to 1996, when the journey began as Etti, Edu & Co., founded on vision and […]
Kenya Unveils New Business Laws to Draw Investment and Ease Growth
Ecofin Agency • 12 May 2026, 11:36
Kenya Unveils New Business Laws to Draw Investment and Ease Growth
Ecofin Agency • 12 May 2026, 11:36
President William Ruto signed three laws aimed at improving Kenya’s investment climate. The measures target taxes, special economic zones and technology hubs. Kenya seeks more foreign investment as debt pressures weigh on the economy.
Kenya, France Deepen Ties With $1.17 Billion in New Agreements
Ecofin Agency • 12 May 2026, 11:35
Kenya, France Deepen Ties With $1.17 Billion in New Agreements
Ecofin Agency • 12 May 2026, 11:35
Kenya, France sign 1 billion euro cooperation agreements in Nairobi Deals cover railways, energy, ports, aviation and digital transformation CMA C
First Bank director Anil Dua acquires First HoldCo shares worth N177.9 million
Nairametrics • 12 May 2026, 11:32
First Bank director Anil Dua acquires First HoldCo shares worth N177.9 million
Nairametrics • 12 May 2026, 11:32
First HoldCo Plc has announced that Anil Dua, a non-executive director on the board of its banking subsidiary, First Bank of Nigeria, acquired shares worth N177.9 million.