By the AFREEQUE newsroom, based on Moneyweb
South African construction company Concor has been placed under business rescue, with contingent liabilities linked to current projects exceeding 1.6 billion rand. Its cash, cash equivalents and trade receivables total just 15,000 rand, according to Moneyweb.
The South African government is allocating 10 billion rand for a temporary reduction in fuel levies despite rising global prices. From 4 November to 1 December, the diesel levy will be cut by 3 rand per litre and the petrol levy by 1.50 rand, according to Business Day.
🇿🇦 South Africa · Source: Business Day (South Africa) ·
South African Electricity Minister Kgosientsho Ramokgopa estimates that transferring Eskom’s electricity grid to an independent operator will cost between 80 billion and 130 billion rand. Funding mechanisms and the transfer of assets at fair value are being defined, according to SABC News.
🇿🇦 South Africa · Source: SABC News ·
Namibia’s ministry of international relations and trade recorded 66.85 billion Namibian dollars in investments linked to 28 projects, associated with 9,343 permanent jobs. The figures, presented in September 2026, cover several sectors and do not allow the direct impact of President Netumbo Nandi-Ndaitwah’s trade missions to be isolated, according to the Windhoek Observer.
🇳🇦 Namibia · Source: Windhoek Observer ·
Football agent Hamed Ghadiri is demanding 1.25 million rand from MT Sports Marketing and Management, a company run by Pitso Mosimane’s wife, Moira Tlhagale. He says he helped secure the coach’s move to Iranian club Esteghlal and is seeking banking and legal documents in proceedings before the Johannesburg High Court, according to the Sunday Times.
🇿🇦 South Africa · Source: Sowetan ·
Jacob Zuma resumes MK party campaign after hospitalisationJacob Zuma, former South African president and leader of the uMkhonto weSizwe party, resumed campaigning with a speech in Durban, his first public appearance since his hospitalisation in October. He addressed supporters three days before the 4 November municipal elections, reports AFP.
Great Lakes region calls for mineral supply chain auditsThe International Conference on the Great Lakes Region is calling for strict audits of mineral supply chains. The measure is intended to prevent illicit minerals from entering the legal market and strengthen the credibility of the regional certification mechanism, according to officials meeting in Lusaka.The week in Africa
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