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Tag: South Africa

Banking

S’African Standard Bank in talks to buy stake in OPay

South Africa’s Standard Bank Group is in talks to acquire a stake in Nigerian fintech company OPay Digital Services ahead of its planned initial public offering in the United States, according to Bloomberg. The proposed investment would see Africa’s largest lender by assets take a stake in OPay before the fintech proceeds with its planned […]

News

Abia gov approves ₦1m each for 31 South Africa returnees

Abia State Governor, Dr. Alex Otti, has approved N1 million each to 31 indigenes of the state who recently returned from South Africa. In a statement by the Chief Press Secretary to the Governor, Ukoha Njoku, the government disclosed that the approval is for immediate relief and to reassure the returnees that they have not […]

Economy

South Africa’s unemployment rate hits four-year high of 33.6%

South Africa’s unemployment rate has climbed to its highest level in four years, with the number of unemployed people rising to 8.5 million, highlighting a further deterioration in the country’s labour market amid economic headwinds and a tense climate for foreign-owned businesses. The latest figures were released on Tuesday by Statistics South Africa in its […]

featured Travel

Nigerians seeking S’African visas doubled despite xenophobia, says envoy

South Africa’s Consul-General in Nigeria, Prof. Bobby Moroe, has said interest in his country remained high, with visa applications from Nigerians almost doubling in recent months, despite persistent reports of xenophobic attacks. Moroe stated this in an interview on Nigeria Info FM on Sunday, insisting that South Africa remained safe and open for tourism, business […]

featured Travel

South Africa proposes new $30 fee for ETA applicants

South Africa is proposing a new ZAR 500 ($30) processing fee for travellers applying for its Electronic Travel Authorisation, as the country continues expanding its digital border management system. The proposed fee, published by South Africa’s Department of Home Affairs, is currently open for public consultation until August 11, 2026. If approved, it will take […]

Transportation

Ghana to evacuate 1,000 more workers from South Africa

One thousand more Ghanaian migrant workers would start returning on Sunday and Monday from South Africa, where there have been violent protests against migrants, the government said. Ghanaian authorities have already brought 926 people out of South Africa and have made outspoken criticism of the deadly events in the continent’s major economy. The foreign ministry […]

News

Court halts S’African president’s impeachment over $500k scandal

A South African court ruled on Friday in favour of President Cyril Ramaphosa’s bid to pause impeachment proceedings against him over a scandal involving half-a-million dollars stashed in a sofa at his ranch. Ramaphosa asked the Western Cape High Court to stop the work of a parliamentary impeachment committee until his review of a November […]

Economy

South Africa’s inflation rises to 5% in June

South Africa’s annual consumer inflation rose to 5.0 per cent in June 2026 from 4.5 per cent in May, strengthening expectations that the country’s central bank could consider raising interest rates as price pressures persist. The latest inflation data was contained in a statement signed by the Statistician-General, Risenga Maluleke. The increase comes amid renewed […]

featured Scams

NDLEA nabs South African woman over heroin smuggling attempt

A 38-year-old South African woman, Will Ann, has been arrested by the National Drug Law Enforcement Agency at the Nnamdi Azikiwe International Airport, Abuja, for allegedly attempting to smuggle 5.75 kilograms of heroin into Nigeria while travelling with her three-year-old son. The agency said Ann was arrested on Monday, July 6,2026, during the inward clearance […]

Business

South Africa reaffirms no compensation for Nigerians’ abandoned properties

Khumbudzo Ntshavheni, South Africa’s minister in the presidency, has reaffirmed the country’s position against compensating Nigerians who left properties behind after being evacuated from the former apartheid nation. Earlier, it was reported that the Nigerian government would explore options for possible compensation for affected citizens. However, speaking at a press conference on Friday, Ntshavheni rejected […]

featured Investment

South Africa invests $983.83m in Nigeria despite xenophobic attacks

South African investors channelled $983.83 million into Nigeria in the first quarter of 2026 despite recurring xenophobic attacks against Nigerians and other African migrants in the country, new data from the National Bureau of Statistics has shown. The figure represents a 90.31 per cent increase from the $516.96 million recorded in the fourth quarter of […]

Business

Nigeria seeks compensation for citizens with abandoned businesses in S’Africa

The Nigerian government plans to engage the South African government to seek compensation for Nigerians who were forced to abandon businesses and properties amid ongoing anti-immigrant protests in the country. The Acting Nigerian High Commissioner to South Africa, Alexander Ajayi disclosed this on Tuesday during an appearance on Channels Television’s The Morning Brief. He said […]

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