South Africa's rand strengthened in early trade on Tuesday ahead of the release of a business conditions purchasing managers' index, as the U.S. dollar weakened following dovish comments from Federal Reserve officials that boosted interest rate-cut bets.

The arrival of Paul Van Zuydam as the S’Africa’s newest dollar billionaire is a quiet but significant departure from an established

The naira gained on the forex market, supported by rising external reserves, improved FX liquidity, and Nigeria exiting Africa’s worst-performing currencies list.

Out of the 345 companies in Africa that each generate $1 billion or more in annual revenues, 230 were started in an African country and the founder is often an African, according to a report by McKinsey. South Africa is by far the continent’s leader with ...

A drastic shortage of dollars has affected both small and big African businesses, many of whom now struggle to access the hard currency in order to facilitate essential foreign transactions such as raw material importation and IT services. African ...

A new dollar billionaire has emerged in South Africa, linked to one of the world’s most iconic cookware brands.