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1 week ago | 
news.bloomberglaw.com | Jennifer Zabasajja |Mike Cohen
Lesotho is at risk of a liquidity crisis if US President Donald Trump follows through on plans to impose a 50% levy on imports from the tiny southern African mountain kingdom, its trade minister warned. Trump announced this month he’ll apply tariffs of at least 10% on most goods coming into America, with even higher duties on some 60 nations, to counter trade imbalances. Lesotho was hit with the highest levies on the continent before Trump paused the additional duties for 90 days.
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2 months ago | 
news.bloombergtax.com | Mike Cohen |Ntando Thukwana
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2 months ago | 
news.bloomberglaw.com | Mike Cohen |Ntando Thukwana
South African Finance Minister Enoch Godongwana proposed a shock consumption-tax increase to help rein in government debt, but the move was rejected by other parties in the nation’s coalition government and derailed the unveiling of the budget. Budget documents that were released in Cape Town on Wednesday but were withdrawn pending a review envisioned the value-added tax rate being raised by 2 percentage points to 17% from April 1.
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Jul 23, 2024 | 
finance.yahoo.com | Mike Cohen
(Bloomberg) -- When the Hezbollah militant group began trading rocket fire with Israel in October, Zoe Sages and her family left their home near the Lebanese border and decamped to a hotel further south.
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Jun 4, 2024 | 
finance.yahoo.com | Antony Sguazzin |Mike Cohen
(Bloomberg) -- The leader of South Africa’s main opposition Democratic Alliance said that investor optimism about it reaching a coalition deal with the ANC to form the next government isn’t misplaced and that it is open to talks that put the country’s interests first.
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May 29, 2024 | 
finance.yahoo.com | S'thembile Cele |Mike Cohen
(Bloomberg) -- South Africans began voting in an election on Wednesday that looks set to reshape a political landscape dominated for three decades by the party that Nelson Mandela led to power.
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Jan 4, 2024 | 
news.bloomberglaw.com | Tom Hancock |Mike Cohen
The <-rte-company state="{"_id":"0000018c-d4f7-d3fa-abbe-dfff56650000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">BRICS-rte-company> group of <-bsp-bb-link state="{"bbHref":"bbg://screens/EMMV","_id":"0000018c-d4f7-d3fa-abbe-dfff56650001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">emerging-market-bsp-bb-link> nations — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club...
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Nov 3, 2023 | 
news.bloomberglaw.com | Tom Hancock |Mike Cohen
The <-rte-company state="{"_id":"0000018b-9590-db85-afab-bf90dcd30000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">BRICS group of <-bsp-bb-link state="{"bbHref":"bbg://screens/EMMV","_id":"0000018b-9590-db85-afab-bf90dcd30001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">emerging market nations — Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.
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Oct 28, 2023 | 
bqprime.com | Mike Cohen
(Bloomberg) -- South Africa’s tourism minister is pushing for visa requirements to be eased or waived for Chinese and Indian nationals to boost visitor numbers from the world’s most populous nations. “Visas are a problem,” Patricia de Lille, who was appointed to her post in March, said in an interview in Bloomberg’s Cape Town office on Thursday.
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Sep 27, 2023 | 
banoyi.com | Paul Vecchiatto |Rene Vollgraaff |Antony Sguazzin |Mike Cohen
Climate change intensified the torrential rain and flooding that has swept the Western Cape over the past two days, claiming at least 11 lives and forcing the evacuation of about 1 000 low-lying homes, the region’s top officials said. The rains, which came just a week after larger-than-normal spring tides and earlier deluges, closed major routes into Cape Town, a coastal city of four million people, and damaged wheat crops, bridges and other infrastructure.
