SARS Claims Clothing Stores Evade Tax Hikes in South Africa, Accusing Them of Taking Advantage of Peculiar Taxing System

SARS claims that clothing stores are evading the tax hikes in South Africa. Officials explained how clothing brands are possibly doing it.

Google Launches Umoja Fiber Optic Cable Connecting Australia with Africa

Google has unveiled Umoja, its fiber optic cable directly connecting Australia with Africa, with the terrestrial portion of the route from Kenya to South Africa already complete...

Canon's Photos That Blind People Can See To Be Showcased in Africa—How Is This Possible?

Canon's photos that blind people can see will soon be showcased in Africa. Here's how the camera maker made it possible...

Kenyan President William Ruto Considers Crypto Mining to Power Energy Sector Growth

President William Ruto revealed ongoing discussions with companies such as Marathon Digital, signaling a possible transformation in Kenya's economic terrain...

Latest News

African startups commence 2016 with $10mln investment
Technology startups in Africa may get $10 million funding in early 2016 as Silvertree Capital sees the rosy picture. Silvertree Internet Holdings is keen on scaling technology and commerce companies
Lower oil prices to check inflation in Kenya
The Kenyan government is hoping to control inflation rate with the support from lower oil prices. Lower oil prices are supporting the Kenya's economy as the growth rate is expected to be six percent i
Citigroup cancels airline credit facility
After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs
Yen retreats after higher guidance on Yuan
After rising over three percent recently, Japanese Yen eased after the strong guidance on Yuan by China's central bank. The Greenback against Japanese currency fell to its lowest level since August 20
Following Turbulence in China, Asian Stocks Stumble and Rand Sinks
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
South Korea and China to Cooperate in Disarming North Korean Nuclear Weapon
China seeks to disarm North Korea nuclear weapon. Beijing has initiated dialogue with South Korea after North Korean conducted its fourth nuclear test on Wednesday.
Vietnam Issued Second Warning to China For Flight in South China Sea
Vietnam issued second warning for China for landing two airplane on the artificial island in disputed Fiery Cross Reef.
South Africa's inflation up at 4.8% in November
Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent
China pledges $60B funding package support development efforts in world's poorest continent
China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.
Africa's Largest Media Company Extends Its Operation Worldwide
South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide
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