Category: PMN Business

Apr 13

Ramaphosa Seeks $110 Billion of Investments for Nation in Crisis

Breadcrumb Trail Links PMN Business South Africa’s President Cyril Ramaphosa announced plans to attract 2 trillion rand ($110 billion) of investment by 2028, to the clamor of business executives pleading with his government to urgently address the nation’s energy and logistics crises, and rampant crime. Author of the article: Bloomberg News S’thembile Cele and Amogelang […]
Apr 13

Winter of Discontent Looms as South Africa Fumbles, Group Says

Article content (Bloomberg) — South Africa faces a winter of social unrest as sustained power outages limit economic growth and job creation, amid a cost-of-living crisis and increasing political tensions ahead of elections scheduled for next year, according to the Centre For Risk Analysis. Article content Africa’s most-industrialized economy is likely to be plagued by […]
Apr 13

Brazil’s Lula hails BRICS bank for empowering ‘Global South’

Breadcrumb Trail Links PMN Business Article content SHANGHAI — Brazil’s President Luiz Inacio Lula da Silva said on Thursday the creation of the New Development Bank shows emerging nations can together create major social and economic changes, even freeing themselves from the traditional banking system. Kicking off his China visit, Lula attended the inauguration of […]